Note 20 - Concentration of Credit Risk and Major Customers

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

NOTE 20—CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS:

CONSOL Energy primarily markets its thermal coal to electric power producers in the eastern United States. Revenues generated from electric power producers and other customers in the eastern United States were 54%, 65% and 65% for the years ended  December 31, 2021, 2020 and 2019, respectively. The Company has contractual relationships with certain coal exporters who distribute coal to international markets. For the years ended  December 31, 2021, 2020 and 2019, approximately 46%, 35% and 35%, respectively, of the Company's coal revenues were derived from these exporters. The Company uses the end usage point as the basis for attributing tons to individual countries. Because title to the Company's export shipments typically transfers to brokerage customers at a point that does not necessarily reflect the end usage point, the Company attributes export tons to the country with the end usage point, if known. India was attributed greater than 10% of total revenue during the year ended December 31, 2021. No individual country outside of the United States was attributed greater than 10% of total revenue during the years ended December 31, 2020 and 2019.

During the years ended  December 31, 2021, 2020 and 2019, three customers each comprised over 10% of the Company's total sales, aggregating approximately 40%, 55% and 70%, respectively, of the Company's total sales. Additionally, three of the Company's customers each had outstanding balances in excess of 10% of the total trade receivable balance as of  December 31, 2021 and 2020.

Concentration of credit risk is summarized below:

	December 31,
	2021		2020
Thermal coal utilities	$	41,582	$	32,343
Coal exporters and distributors		53,949		82,948
Steel and coke producers		11,560		5,302
Other		1,605		2,122
Total Trade Receivables		108,696		122,715
Less: Allowance for credit losses		4,597		4,426
Total Trade Receivables, net	$	104,099	$	118,289