GUARANTOR SUBSIDIARIES FINANCIAL INFORMATION (Tables)

3 Months Ended

Mar. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Income Statement

Income Statement for the Three Months Ended March 31, 2018 (unaudited):

	Parent Issuer		Guarantor		CCR Non-Guarantor			Non-Guarantor			Elimination			Consolidated
Revenue and Other Income:
Coal Revenue	$	—	$	263,257	$	87,752		$	—		$	—		$	351,009
Terminal Revenue	—		15,221		—			—			—			15,221
Freight Revenue	—		13,415		4,472			—			—			17,887
Miscellaneous Other Income	90,304		11,018		2,201			—			(77,636		)	25,887
Gain on Sale of Assets	—		178		76			—			—			254
Total Revenue and Other Income	90,304		303,089		94,501			—			(77,636		)	410,258
Costs and Expenses:
Operating and Other Costs	—		176,820		52,287			695			—			229,802
Depreciation, Depletion and Amortization	—		38,657		10,814			—			—			49,471
Freight Expense	—		13,415		4,472			—			—			17,887
Selling, General and Administrative Costs	—		10,464		3,020			—			—			13,484
Loss on Debt Extinguishment	1,426		—		—			—			—			1,426
Interest Expense, net	20,285		944		(184		)	—			—			21,045
Total Costs And Expenses	21,711		240,300		70,409			695			—			333,115
Earnings (Loss) Before Income Tax	68,593		62,789		24,092			(695		)	(77,636		)	77,143
Income Tax Expense	6,185		—		—			—			—			6,185
Net Income (Loss)	62,408		62,789		24,092			(695		)	(77,636		)	70,958
Less: Net Income Attributable to Noncontrolling Interest	—		—		—			—			8,550			8,550
Net Income (Loss) Attributable to CONSOL Energy Inc. Shareholders	$	62,408	$	62,789	$	24,092		$	(695	)	$	(86,186	)	$	62,408

Income Statement for the Three Months Ended March 31, 2019 (unaudited):

	Parent Issuer			Guarantor		CCR Non-Guarantor		Non-Guarantor			Elimination			Consolidated
Revenue and Other Income:
Coal Revenue	$	—		$	249,376	$	83,126	$	—		$	—		$	332,502
Terminal Revenue	—			17,818		—		—			—			17,818
Freight Revenue	—			4,997		1,665		—			—			6,662
Miscellaneous Other Income	53,792			2,532		1,311		—			(44,343		)	13,292
Gain on Sale of Assets	—			334		5		—			—			339
Total Revenue and Other Income	53,792			275,057		86,107		—			(44,343		)	370,613
Costs and Expenses:
Operating and Other Costs	—			177,603		52,094		415			—			230,112
Depreciation, Depletion and Amortization	—			39,507		11,217		—			—			50,724
Freight Expense	—			4,997		1,665		—			—			6,662
Selling, General and Administrative Costs	—			17,363		4,560		—			—			21,923
Loss on Debt Extinguishment	23,143			—		—		—			—			23,143
Interest Expense, net	17,064			181		1,351		—			—			18,596
Total Costs And Expenses	40,207			239,651		70,887		415			—			351,160
Earnings (Loss) Before Income Tax	13,585			35,406		15,220		(415		)	(44,343		)	19,453
Income Tax Benefit	(850		)	—		—		—			—			(850		)
Net Income (Loss)	14,435			35,406		15,220		(415		)	(44,343		)	20,303
Less: Net Income Attributable to Noncontrolling Interest	—			—		—		—			5,868			5,868
Net Income (Loss) Attributable to CONSOL Energy Inc. Shareholders	$	14,435		$	35,406	$	15,220	$	(415	)	$	(50,211	)	$	14,435

Balance Sheet

Balance Sheet at March 31, 2019 (unaudited):

	Parent Issuer			Guarantor		CCR Non-Guarantor		Non-Guarantor			Elimination			Consolidated
Assets:
Current Assets:
Cash and Cash Equivalents	$	154,696		$	66	$	405	$	—		$	—		$	155,167
Restricted Cash	14,695			—		—		6,906			—			21,601
Accounts and Notes Receivable:
Trade	—			—		—		109,264			—			109,264
Other Receivables	19,833			14,167		2,564		—			—			36,564
Inventories	—			42,243		12,645		—			—			54,888
Prepaid Expenses and Other Assets	10,322			13,727		4,620		—			—			28,669
Total Current Assets	199,546			70,203		20,234		116,170			—			406,153
Property, Plant and Equipment:
Property, Plant and Equipment	—			3,922,846		955,884		—			—			4,878,730
Less-Accumulated Depreciation, Depletion and Amortization	—			2,240,721		537,727		—			—			2,778,448
Total Property, Plant and Equipment-Net	—			1,682,125		418,157		—			—			2,100,282
Other Assets:
Deferred Income Taxes	77,614			—		—		—			—			77,614
Affiliated Credit Facility	134,532			—		—		—			(134,532		)	—
Investment in Affiliates	785,307			—		—		—			(785,307		)	—
Right of Use Asset - Operating Leases	—			67,836		19,190		—			—			87,026
Other	37,024			44,752		14,190		—			—			95,966
Total Other Assets	1,034,477			112,588		33,380		—			(919,839		)	260,606
Total Assets	$	1,234,023		$	1,864,916	$	471,771	$	116,170		$	(919,839	)	$	2,767,041
Liabilities and Equity:
Current Liabilities:
Accounts Payable	$	65,877		$	22,530	$	26,535	$	10,050		$	1,795		$	126,787
Accounts Payable (Recoverable)-Related Parties	(22,330		)	16,328		6,002		109,264			(109,264		)	—
Current Portion of Long-Term Debt	20,644			11,060		3,550		—			—			35,254
Other Accrued Liabilities	94,958			123,390		38,726		—			(1,795		)	255,279
Total Current Liabilities	159,149			173,308		74,813		119,314			(109,264		)	417,320
Long-Term Debt:	583,864			148,404		138,625		—			(134,532		)	736,361
Deferred Credits and Other Liabilities:
Postretirement Benefits Other Than Pensions	—			437,221		—		—			—			437,221
Pneumoconiosis Benefits	—			160,840		4,477		—			—			165,317
Asset Retirement Obligations	—			227,623		9,973		—			—			237,596
Workers’ Compensation	—			56,905		3,094		—			—			59,999
Salary Retirement	60,989			—		—		—			—			60,989
Operating Lease Liability	—			55,409		15,191		—			—			70,600
Other	—			9,587		529		—			—			10,116
Total Deferred Credits and Other Liabilities	60,989			947,585		33,264		—			—			1,041,838
Total CONSOL Energy Inc. Stockholders’ Equity	430,021			595,619		225,069		(3,144		)	(817,544		)	430,021
Noncontrolling Interest	—			—		—		—			141,501			141,501
Total Liabilities and Equity	$	1,234,023		$	1,864,916	$	471,771	$	116,170		$	(919,839	)	$	2,767,041

Balance Sheet at December 31, 2018:

	Parent Issuer			Guarantor		CCR Non-Guarantor		Non-Guarantor		Elimination			Consolidated
Assets:
Current Assets:
Cash and Cash Equivalents	$	234,536		$	138	$	1,003	$	—	$	—		$	235,677
Restricted Cash	14,557			—		—		14,701		—			29,258
Accounts and Notes Receivable:
Trade	—			—		—		87,589		—			87,589
Other Receivables	24,352			15,935		1,068		—		—			41,355
Inventories	—			37,580		11,066		—		—			48,646
Prepaid Expenses and Other Assets	10,883			15,451		5,096		—		—			31,430
Total Current Assets	284,328			69,104		18,233		102,290		—			473,955
Property, Plant and Equipment:
Property, Plant and Equipment	—			3,891,873		946,298		—		—			4,838,171
Less-Accumulated Depreciation, Depletion and Amortization	—			2,204,896		526,747		—		—			2,731,643
Total Property, Plant and Equipment-Net	—			1,686,977		419,551		—		—			2,106,528
Other Assets:
Deferred Income Taxes	77,545			—		—		—		—			77,545
Affiliated Credit Facility	141,129			—		—		—		(141,129		)	—
Investment in Affiliates	605,981			—		—		—		(605,981		)	—
Other	40,760			47,031		14,908		—		—			102,699
Total Other Assets	865,415			47,031		14,908		—		(747,110		)	180,244
Total Assets	$	1,149,743		$	1,803,112	$	452,692	$	102,290	$	(747,110	)	$	2,760,727
Liabilities and Equity:
Current Liabilities:
Accounts Payable	$	(721	)	$	102,995	$	24,834	$	—	$	3,822		$	130,930
Accounts Payable (Recoverable)-Related Parties	(2,291		)	36,220		3,831		87,593		(125,353		)	—
Current Portion of Long-Term Debt	8,157			11,139		3,503		—		112,013			134,812
Other Accrued Liabilities	92,534			105,806		31,916		—		(3,822		)	226,434
Total Current Liabilities	97,679			256,160		64,084		87,593		(13,340		)	492,176
Long-Term Debt:	577,957			151,202		146,196		—		(141,129		)	734,226
Deferred Credits and Other Liabilities:
Postretirement Benefits Other Than Pensions	—			441,246		—		—		—			441,246
Pneumoconiosis Benefits	—			160,741		4,260		—		—			165,001
Asset Retirement Obligations	—			226,209		9,775		—		—			235,984
Workers’ Compensation	—			56,623		3,119		—		—			59,742
Salary Retirement	64,172			—		—		—		—			64,172
Other	—			16,051		518		—		—			16,569
Total Deferred Credits and Other Liabilities	64,172			900,870		17,672		—		—			982,714
Total CONSOL Energy Inc. Stockholders’ Equity	409,935			494,880		224,740		14,697		(734,317		)	409,935
Noncontrolling Interest	—			—		—		—		141,676			141,676
Total Liabilities and Equity	$	1,149,743		$	1,803,112	$	452,692	$	102,290	$	(747,110	)	$	2,760,727

Condensed Statement of Cash Flows

Condensed Statement of Cash Flows for the Three Months Ended March 31, 2019 (unaudited):

	Parent Issuer			Guarantor			CCR Non-Guarantor			Non-Guarantor		Elimination			Consolidated
Net Cash Provided by (Used in) Operating Activities	$	107,358		$	(50,405	)	$	25,218		$	—	$	—		$	82,171
Cash Flows from Investing Activities:
Capital Expenditures	—			(26,078		)	(8,093		)	—		—			(34,171		)
Proceeds from Sales of Assets	—			311			—			—		—			311
(Investments in), net of Distributions from, Subsidiaries	(65,421		)	74,267			—			—		(8,846		)	—
Net Cash (Used in) Provided by Investing Activities	(65,421		)	48,500			(8,093		)	—		(8,846		)	(33,860		)
Cash Flows from Financing Activities:
Payments on Finance Leases	—			(3,599		)	(938		)	—		—			(4,537		)
Net (Payments on) Proceeds from Related Party Long-Term Notes	—			—			(1,500		)	—		1,500			—
Proceeds from Term Loan A	26,250			—			—			—		—			26,250
Payments on Term Loan B	(122,375		)	—			—			—		—			(122,375		)
Buyback of Second Lien Notes	(7,000		)	—			—			—		—			(7,000		)
Distributions to Noncontrolling Interest	—			—			(14,405		)	—		8,846			(5,559		)
Shares/Units Withheld for Taxes	—			(3,863		)	(880		)	—		—			(4,743		)
Debt-Related Financing Fees	(18,514		)	—			—			—		—			(18,514		)
Net Cash (Used in) Provided by Financing Activities	$	(121,639	)	$	(7,462	)	$	(17,723	)	$	—	$	10,346		$	(136,478	)

Condensed Statement of Cash Flows for the Three Months Ended March 31, 2018 (unaudited):

	Parent Issuer			Guarantor			CCR Non-Guarantor			Non-Guarantor		Elimination		Consolidated
Net Cash (Used in) Provided by Operating Activities	$	(2,305	)	$	88,774		$	29,264		$	—	$	—	$	115,733
Cash Flows from Investing Activities:
Capital Expenditures	—			(17,027		)	(4,929		)	—		—		(21,956		)
Proceeds from Sales of Assets	—			318			75			—		—		393
(Investments in), net of Distributions from, Subsidiaries	(2,048		)	2,048			—			—		—		—
Net Cash Used in Investing Activities	(2,048		)	(14,661		)	(4,854		)	—		—		(21,563		)
Cash Flows from Financing Activities:
Payments on Finance Leases	—			(999		)	(367		)	—		—		(1,366		)
Net (Payments on) Proceeds from Related Party Long-Term Notes	—			—			(9,583		)	—		9,583		—
Payments on Term Loan A	(15,000		)	—			—			—		—		(15,000		)
Payments on Term Loan B	(1,000		)	—			—			—		—		(1,000		)
Buyback of Second Lien Notes	(10,000		)	—			—			—		—		(10,000		)
Distributions to Noncontrolling Interest	—			—			(14,346		)	—		8,759		(5,587		)
Shares/Units Withheld for Taxes	—			(1,889		)	(899		)	—		—		(2,788		)
Intercompany Contributions/(Distributions)	72,317			(72,317		)	—			—		—		—
Spin Distribution to CNX Resources	(1,595		)	(16,639		)	—			—		—		(18,234		)
Repurchases of Common Stock	(1,285		)	—			—			—		—		(1,285		)
Debt-Related Financing Fees	(755		)	(415		)	—			—		—		(1,170		)
Net Cash Provided by (Used in) Financing Activities	$	42,682		$	(92,259	)	$	(25,195	)	$	—	$	18,342	$	(56,430	)

Statement of Comprehensive Income

Statement of Comprehensive Income for the Three Months Ended March 31, 2019 (unaudited):

	Parent Issuer		Guarantor		CCR Non-Guarantor			Non- Guarantor			Elimination			Consolidated
Net Income (Loss)	$	14,435	$	35,406	$	15,220		$	(415	)	$	(44,343	)	$	20,303
Other Comprehensive Income:
Net Actuarial Gain	2,461		—		(1		)	—			—			2,460
Other Comprehensive Income	2,461		—		(1		)	—			—			2,460
Comprehensive Income (Loss)	16,896		35,406		15,219			(415		)	(44,343		)	22,763
Less: Comprehensive Income Attributable to Noncontrolling Interest	—		—		—			—			5,867			5,867
Comprehensive Income (Loss) Attributable to CONSOL Energy Inc. Shareholders	$	16,896	$	35,406	$	15,219		$	(415	)	$	(50,210	)	$	16,896

Statement of Comprehensive Income for the Three Months Ended March 31, 2018 (unaudited):

	Parent Issuer		Guarantor		CCR Non-Guarantor			Non- Guarantor			Elimination			Consolidated
Net Income (Loss)	$	62,408	$	62,789	$	24,092		$	(695	)	$	(77,636	)	$	70,958
Other Comprehensive Income (Loss):
Net Actuarial Gain (Loss)	3,999		—		(2		)	—			—			3,997
Other Comprehensive Income (Loss)	3,999		—		(2		)	—			—			3,997
Comprehensive Income (Loss)	66,407		62,789		24,090			(695		)	(77,636		)	74,955
Less: Comprehensive Income Attributable to Noncontrolling Interest	—		—		—			—			8,548			8,548
Comprehensive Income (Loss) Attributable to CONSOL Energy Inc. Shareholders	$	66,407	$	62,789	$	24,090		$	(695	)	$	(86,184	)	$	66,407