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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income (loss) $ 25,074 $ (15,417) $ (7,515)
Adjustments to reconcile net income (loss) to net cash from operating activities:      
Accretion of asset retirement obligations 494 405 229
Depreciation and amortization 12,423 3,154 252
Amortization of debt issuance costs 569
Costs associated with abandoned offering 3,089
Equity-based compensation 2,638 2,820 299
Deferred income taxes 109
Changes in operating assets and liabilities:      
Accounts receivable (3,563) (6,251) (915)
Prepaid expenses (774) (715) 183
Inventories (4,127) (8,539) (1,519)
Other assets (835) (1,114) (21)
Accounts payable (1,521) 15,535 1,864
Accrued expenses (5,551) (1,369) (193)
Net cash from operating activities 36,038 (8,753) (3,861)
Cash flow from investing activities:      
Acquisition of Knox Creek (303)
Purchases of property, plant and equipment (48,137) (75,039) (16,723)
Purchase of investment securities (64,783)
Proceeds from maturities of investment securities 5,200 55,237 4,346
Net cash from investing activities (42,937) (19,802) (77,463)
Cash flows from financing activities      
Proceeds from notes payable 13,000
Proceeds from notes payable - related party 3,000 4,000
Proceeds from borrowings 15,424
Payments of debt issuance cost (569)
Repayment of notes payable (13,000) (500)
Repayment of notes payable - related party (3,000)
Repayments of borrowings (5,950)
Proceeds from issuance of common stock 47,709
Payments of equity offering costs (1,756) (2,248)
Proceeds from issuance of Series A preferred units 85,954
Offering costs for Series A preferred units (2,250)
Advances from Ramaco Coal, LLC 864
Repayments to Ramaco Coal, LLC (10,629) (918)
Repayments of financed insurance payable (989) (127) (375)
Payment of distributions (5,405)
Contributed capital from members 500
Net cash from financing activities 7,916 29,292 85,527
Net change in cash and cash equivalents 1,017 737 4,203
Cash and cash equivalents, beginning of year 5,934 5,197 994
Cash and cash equivalents, end of year 6,951 5,934 5,197
Supplemental cash flow information:      
Cash paid for interest 826 88 105
Cash paid for taxes
Non-cash investing and financing activities:      
Increase in prepaid expenses and financed insurance payable 1,276 310
Capital expenditures included in accounts payable and accrued liabilities 1,319 5,236 6,452
Financed purchase of equipment 500
Additional asset retirement obligations acquired or incurred 1,813 7,804
Series A preferred units issued in exchange for notes payable – related parties 4,046
Paid-in kind distribution on Series A preferred units 777
Accretion – Series A preferred units $ 124 $ 247