XML 49 R34.htm IDEA: XBRL DOCUMENT v3.20.2
Commitments and Contingent Liabilities (Tables)
6 Months Ended
Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]  
Long-term Purchase Commitment At June 30, 2020, CNX has provided the following financial guarantees, unconditional purchase obligations, and letters of credit to certain third-parties as described by major category in the following tables. These amounts represent the maximum potential of total future payments that the Company could be required to make under these instruments. These amounts have not been reduced for potential recoveries under recourse or collateralization provisions. Generally, recoveries under reclamation bonds would be limited to the extent of the work performed at the time of the default. No amounts related to these unconditional purchase obligations and letters of credit are recorded as liabilities in the financial statements. CNX management believes that the commitments in the following table will expire without being funded, and therefore will not have a material adverse effect on financial condition.
 Amount of Commitment Expiration Per Period
 Total
Amounts
Committed
Less Than
1  Year
1-3 Years3-5 YearsBeyond
5  Years
Letters of Credit:
Firm Transportation$197,919  $167,897  $30,022  $—  $—  
Other6,950  6,950  —  —  —  
Total Letters of Credit204,869  174,847  30,022  —  —  
Surety Bonds:
Employee-Related2,600  2,600  —  —  —  
Environmental12,262  12,203  59  —  —  
Financial Guarantees81,670  81,670  —  —  —  
Other9,275  7,766  1,509  —  —  
Total Surety Bonds105,807  104,239  1,568  —  —  
Total Commitments$310,676  $279,086  $31,590  $—  $—  
Unrecorded Unconditional Purchase Obligations Disclosure As of June 30, 2020, the purchase obligations for each of the next five years and beyond are as follows:
Obligations DueAmount
Less than 1 year$243,817  
1 - 3 years441,947  
3 - 5 years373,821  
More than 5 years976,664  
Total Purchase Obligations$2,036,249