Segment Information

12 Months Ended

Dec. 31, 2018

SEGMENT INFORMATION:

CONSOL Energy Inc. consists of one reportable segment: Pennsylvania Mining Complex. The principal activities of 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 PAMC.

CONSOL Energy Inc.’s Other division includes revenue and expenses from various corporate and diversified business activities that are not allocated to PAMC. The diversified business activities include coal terminal operations, closed and idle mine activities, selling, general and administrative activities, as well as various other non-operated activities, none of which are individually significant to the Company.

Industry segment results for the year ended December 31, 2018 are:



	PAMC		Other			Adjustments and Eliminations		Consolidated
Coal Revenue	$	1,364,292	$	—		$	—	$	1,364,292	(A)
Terminal Revenue	—		64,926			—		64,926
Freight Revenue	43,572		—			—		43,572
Total Revenue and Freight	$	1,407,864	$	64,926		$	—	$	1,472,790
Earnings (Loss) Before Income Tax	$	291,418	$	(103,805	)	$	—	$	187,613
Segment Assets	$	1,894,209	$	866,518		$	—	$	2,760,727
Depreciation, Depletion and Amortization	$	178,969	$	22,295		$	—	$	201,264
Capital Expenditures	$	124,570	$	21,179		$	—	$	145,749

Industry segment results for the year ended December 31, 2017 are:



	PAMC		Other			Adjustments and Eliminations		Consolidated
Coal Revenue	$	1,187,654	$	—		$	—	$	1,187,654	(A)
Terminal Revenue	—		60,066			—		60,066
Freight Revenue	73,692		—			—		73,692
Total Revenue and Freight	$	1,261,346	$	60,066		$	—	$	1,321,412
Earnings (Loss) Before Income Tax	$	189,162	$	(19,365	)	$	—	$	169,797
Segment Assets	$	1,971,268	$	735,831		$	—	$	2,707,099
Depreciation, Depletion and Amortization	$	166,628	$	5,374		$	—	$	172,002
Capital Expenditures	$	77,981	$	3,432		$	—	$	81,413

Industry segment results for the year ended December 31, 2016 are:



	PAMC		Other			Adjustments and Eliminations		Consolidated
Coal Revenue	$	1,065,582	$	—		$	—	$	1,065,582	(A)
Terminal Revenue	—		31,464			—		31,464
Freight Revenue	46,468		—			—		46,468
Total Revenue and Freight	$	1,112,050	$	31,464		$	—	$	1,143,514
Earnings (Loss) Before Income Tax	$	130,708	$	(65,693	)	$	—	$	65,015
Segment Assets	$	1,982,206	$	705,228		$	—	$	2,687,434
Depreciation, Depletion and Amortization	$	168,195	$	9,927		$	—	$	178,122
Capital Expenditures	$	50,809	$	2,791		$	—	$	53,600

(A) For the years ended December 31, 2018, 2017 and 2016, the PAMC segment had revenues from the following customers, each comprising over 10% of the Company's total sales:



	For the Years Ended December 31,
	2018		2017		2016
Customer A	$	283,703	*		*
Customer B	$	274,755	$	145,248	*
Customer C	$	214,152	$	222,354	$	160,818
Customer D	*		*		$	116,849

* Revenues from these customers during the periods presented were less than 10% of the Company's total sales.

Reconciliation of Segment Information to Consolidated Amounts:

Revenue and Other Income:



	For the Years Ended December 31,
	2018		2017		2016
Total Segment Revenue and Freight from External Customers	$	1,472,790	$	1,321,412	$	1,143,514
Other Income not Allocated to Segments (Note 4)	58,660		73,279		82,120
Gain on Sale of Assets	565		17,212		5,228
Total Consolidated Revenue and Other Income	$	1,532,015	$	1,411,903	$	1,230,862

Total Assets:



	December 31,
	2018		2017
Segment assets for total reportable business segments	$	1,894,209	$	1,971,268
Segment assets for all other business segments	554,315		508,334
Items excluded from segment assets:
Cash and other investments	234,658		152,432
Deferred tax assets	77,545		75,065
Total Consolidated Assets	$	2,760,727	$	2,707,099

Enterprise-Wide Disclosures:

For the years ended December 31, 2018, 2017 and 2016, CONSOL Energy revenue was predominantly attributable to the United States of America. Less than one percent was attributable to Canada for the year ended December 31, 2016.

CONSOL Energy's Property, Plant and Equipment by geographical location:



	December 31,
	2018		2017
United States	$	2,095,504	$	2,111,273
Canada	11,024		11,024
Total Property, Plant and Equipment, net	$	2,106,528	$	2,122,297