Note 15 - Segment Information

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE 15—SEGMENT INFORMATION:

CONSOL Energy Inc. consists of one reportable segment: the Pennsylvania Mining Complex, which includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine and the Central Preparation Plant. The principal activities of the PAMC are mining, preparation and marketing of thermal coal, sold primarily to power generators. It also includes selling, general and administrative activities, as well as various other activities assigned to the PAMC.

CONSOL Energy’s Other division includes revenue and expenses from various corporate and diversified business activities that are not allocated to the PAMC division. The diversified business activities include the CONSOL Marine Terminal, development of the Itmann Mine, the Greenfield Reserves, closed and idle mine activities, selling, general and administrative activities, interest expense and income taxes, as well as various other non-operated activities, none of which are individually significant to the Company.

Industry segment results for the three months ended June 30, 2020 are:

	PAMC			Other			Adjustments and Eliminations		Consolidated
Coal Revenue	$	102,026		$	287		$	—	$	102,313		(A)
Terminal Revenue		—			15,898			—		15,898
Freight Revenue		3,085			—			—		3,085
Total Revenue and Freight	$	105,111		$	16,185		$	—	$	121,296
Loss Before Income Tax	$	(21,823	)	$	(6,923	)	$	—	$	(28,746	)
Segment Assets	$	1,889,557		$	676,575		$	—	$	2,566,132
Depreciation, Depletion and Amortization	$	46,793		$	(638	)	$	—	$	46,155
Capital Expenditures	$	16,262		$	3,007		$	—	$	19,269

Industry segment results for the three months ended June 30, 2019 are:

	PAMC		Other			Adjustments and Eliminations		Consolidated
Coal Revenue	$	350,620	$	—		$	—	$	350,620	(A)
Terminal Revenue		—		16,708			—		16,708
Freight Revenue		3,854		—			—		3,854
Total Revenue and Freight	$	354,474	$	16,708		$	—	$	371,182
Earnings (Loss) Before Income Tax	$	60,786	$	(13,764	)	$	—	$	47,022
Segment Assets	$	1,973,627	$	791,844		$	—	$	2,765,471
Depreciation, Depletion and Amortization	$	45,427	$	724		$	—	$	46,151
Capital Expenditures	$	39,813	$	8,970		$	—	$	48,783

Industry segment results for the six months ended June 30, 2020 are:

	PAMC			Other			Adjustments and Eliminations		Consolidated
Coal Revenue	$	357,478		$	287		$	—	$	357,765		(A)
Terminal Revenue		—			32,399			—		32,399
Freight Revenue		6,232			—			—		6,232
Total Revenue and Freight	$	363,710		$	32,686		$	—	$	396,396
Loss Before Income Tax	$	(10,949	)	$	(13,414	)	$	—	$	(24,363	)
Segment Assets	$	1,889,557		$	676,575		$	—	$	2,566,132
Depreciation, Depletion and Amortization	$	95,210		$	5,888		$	—	$	101,098
Capital Expenditures	$	36,954		$	9,493		$	—	$	46,447

Industry segment results for the six months ended June 30, 2019 are:

	PAMC		Other			Adjustments and Eliminations		Consolidated
Coal Revenue	$	683,123	$	—		$	—	$	683,123	(A)
Terminal Revenue		—		34,526			—		34,526
Freight Revenue		10,516		—			—		10,516
Total Revenue and Freight	$	693,639	$	34,526		$	—	$	728,165
Earnings (Loss) Before Income Tax	$	125,484	$	(59,009	)	$	—	$	66,475
Segment Assets	$	1,973,627	$	791,844		$	—	$	2,765,471
Depreciation, Depletion and Amortization	$	90,295	$	6,580		$	—	$	96,875
Capital Expenditures	$	72,185	$	10,769		$	—	$	82,954

(A) For the three and six months ended June 30, 2020 and 2019, the PAMC segment had revenues from the following customers, each comprising over 10% of the Company’s total sales:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Customer B	$	30,032	$	139,811	$	134,386	$	262,930
Customer C	$	14,060	$	53,511	$	49,743	$	95,377
Customer A		*	$	68,370	$	48,829	$	130,241

* Revenues from this customer during the three months ended June 30, 2020 were less than 10% of the Company's total sales.
 

Reconciliation of Segment Information to Consolidated Amounts:

Total Assets:

	June 30,
	2020		2019
Segment Assets for Total Reportable Business Segments	$	1,889,557	$	1,973,627
Segment Assets for All Other Business Segments		521,843		516,108
Items Excluded from Segment Assets:
Cash and Other Investments		45,834		183,899
Deferred Tax Assets		108,898		91,837
Total Consolidated Assets	$	2,566,132	$	2,765,471