GUARANTOR SUBSIDIARIES FINANCIAL INFORMATION (Tables)

9 Months Ended

Sep. 30, 2019

Condensed Financial Information Disclosure [Abstract]

Income Statement

Income Statement for the Nine Months Ended September 30, 2019 (unaudited):

	Parent Issuer			Guarantor			CCR Non-Guarantor			Non-Guarantor		Elimination			Consolidated
Revenue and Other Income:
Coal Revenue	$	—		$	738,499		$	246,166		$	—	$	—		$	984,665
Terminal Revenue	—			50,829			—			—		—			50,829
Freight Revenue	—			10,586			3,529			—		—			14,115
Miscellaneous Other Income (Loss)	130,278			(10,648		)	3,445			28,701		(115,102		)	36,674
Gain (Loss) on Sale of Assets	2,008			(17		)	(5		)	—		—			1,986
Total Revenue and Other Income	132,286			789,249			253,135			28,701		(115,102		)	1,088,269
Costs and Expenses:
Operating and Other Costs	—			552,672			164,542			1,196		—			718,410
Depreciation, Depletion and Amortization	—			117,606			33,639			—		—			151,245
Freight Expense	—			10,586			3,529			—		—			14,115
Selling, General and Administrative Costs	—			42,548			10,353			—		—			52,901
Loss on Debt Extinguishment	25,444			—			—			—		—			25,444
Interest Expense, net	45,030			715			4,495			—		—			50,240
Total Costs and Expenses	70,474			724,127			216,558			1,196		—			1,012,355
Earnings Before Income Tax	61,812			65,122			36,577			27,505		(115,102		)	75,914
Income Tax Benefit	(243		)	—			—			—		—			(243		)
Net Income	62,055			65,122			36,577			27,505		(115,102		)	76,157
Less: Net Income Attributable to Noncontrolling Interest	—			—			—			—		14,102			14,102
Net Income Attributable to CONSOL Energy Inc. Shareholders	$	62,055		$	65,122		$	36,577		$	27,505	$	(129,204	)	$	62,055

Income Statement for the Nine Months Ended September 30, 2018 (unaudited):

	Parent Issuer		Guarantor		CCR Non-Guarantor		Non-Guarantor			Elimination			Consolidated
Revenue and Other Income:
Coal Revenue	$	—	$	762,377	$	254,126	$	—		$	—		$	1,016,503
Terminal Revenue	—		47,995		—		—			—			47,995
Freight Revenue	—		28,330		9,444		—			—			37,774
Miscellaneous Other Income	186,475		21,893		4,240		—			(165,374		)	47,234
Gain on Sale of Assets	—		211		62		—			—			273
Total Revenue and Other Income	186,475		860,806		267,872		—			(165,374		)	1,149,779
Costs and Expenses:
Operating and Other Costs	—		539,412		159,126		2,240			—			700,778
Depreciation, Depletion and Amortization	—		121,905		33,769		—			—			155,674
Freight Expense	—		28,330		9,444		—			—			37,774
Selling, General and Administrative Costs	—		37,455		10,260		—			—			47,715
Loss on Debt Extinguishment	3,149		—		—		—			—			3,149
Interest Expense, net	61,495		1,916		5,295		—			(5,295		)	63,411
Total Costs and Expenses	64,644		729,018		217,894		2,240			(5,295		)	1,008,501
Earnings (Loss) Before Income Tax	121,831		131,788		49,978		(2,240		)	(160,079		)	141,278
Income Tax Expense	8,527		—		—		—			—			8,527
Net Income (Loss)	113,304		131,788		49,978		(2,240		)	(160,079		)	132,751
Less: Net Income Attributable to Noncontrolling Interest	—		—		—		—			19,447			19,447
Net Income (Loss) Attributable to CONSOL Energy Inc. Shareholders	$	113,304	$	131,788	$	49,978	$	(2,240	)	$	(179,526	)	$	113,304

Income Statement for the Three Months Ended September 30, 2019 (unaudited):

	Parent Issuer		Guarantor			CCR Non-Guarantor		Non-Guarantor		Elimination			Consolidated
Revenue and Other Income:
Coal Revenue	$	—	$	226,157		$	75,385	$	—	$	—		$	301,542
Terminal Revenue	—		16,303			—		—		—			16,303
Freight Revenue	—		2,699			900		—		—			3,599
Miscellaneous Other Income (Loss)	20,578		(4,311		)	1,096		9,701		(15,876		)	11,188
Gain (Loss) on Sale of Assets	717		(3		)	—		—		—			714
Total Revenue and Other Income	21,295		240,845			77,381		9,701		(15,876		)	333,346
Costs and Expenses:
Operating and Other Costs	—		180,488			53,998		363		—			234,849
Depreciation, Depletion and Amortization	—		43,284			11,086		—		—			54,370
Freight Expense	—		2,699			900		—		—			3,599
Selling, General and Administrative Costs	—		11,850			2,840		—		—			14,690
Loss on Debt Extinguishment	801		—			—		—		—			801
Interest Expense, net	13,739		272			1,587		—		—			15,598
Total Costs and Expenses	14,540		238,593			70,411		363		—			323,907
Earnings Before Income Tax	6,755		2,252			6,970		9,338		(15,876		)	9,439
Income Tax Expense	2,415		—			—		—		—			2,415
Net Income	4,340		2,252			6,970		9,338		(15,876		)	7,024
Less: Net Income Attributable to Noncontrolling Interest	—		—			—		—		2,684			2,684
Net Income Attributable to CONSOL Energy Inc. Shareholders	$	4,340	$	2,252		$	6,970	$	9,338	$	(18,560	)	$	4,340

Income Statement for the Three Months Ended September 30, 2018 (unaudited):

	Parent Issuer			Guarantor			CCR Non-Guarantor		Non-Guarantor			Elimination			Consolidated
Revenue and Other Income:
Coal Revenue	$	—		$	221,097		$	73,700	$	—		$	—		$	294,797
Terminal Revenue	—			16,115			—		—			—			16,115
Freight Revenue	—			1,832			611		—			—			2,443
Miscellaneous Other Income	25,485			5,292			1,003		—			(20,802		)	10,978
Loss on Sale of Assets	—			(85		)	—		—			—			(85		)
Total Revenue and Other Income	25,485			244,251			75,314		—			(20,802		)	324,248
Costs and Expenses:
Operating and Other Costs	—			172,569			49,540		672			—			222,781
Depreciation, Depletion and Amortization	—			40,183			11,059		—			—			51,242
Freight Expense	—			1,832			611		—			—			2,443
Selling, General and Administrative Costs	—			14,627			3,899		—			—			18,526
Interest Expense, net	20,441			421			1,560		—			(1,560		)	20,862
Total Costs and Expenses	20,441			229,632			66,669		672			(1,560		)	315,854
Earnings (Loss) Before Income Tax	5,044			14,619			8,645		(672		)	(19,242		)	8,394
Income Tax Benefit	(690		)	—			—		—			—			(690		)
Net Income (Loss)	5,734			14,619			8,645		(672		)	(19,242		)	9,084
Less: Net Income Attributable to Noncontrolling Interest	—			—			—		—			3,350			3,350
Net Income (Loss) Attributable to CONSOL Energy Inc. Shareholders	$	5,734		$	14,619		$	8,645	$	(672	)	$	(22,592	)	$	5,734

Balance Sheet

Balance Sheet at September 30, 2019 (unaudited):

	Parent Issuer		Guarantor		CCR Non-Guarantor		Non-Guarantor		Elimination			Consolidated
Assets:
Current Assets:
Cash and Cash Equivalents	$	92,472	$	30,191	$	10,611	$	57	$	—		$	133,331
Restricted Cash	—		—		—		1,518		—			1,518
Accounts and Notes Receivable:
Trade	—		—		—		109,793		—			109,793
Other Receivables	22,772		6,376		56		—		—			29,204
Inventories	—		37,500		11,339		—		—			48,839
Prepaid Expenses and Other Assets	7,125		20,220		7,094		—		—			34,439
Total Current Assets	122,369		94,287		29,100		111,368		—			357,124
Property, Plant and Equipment:
Property, Plant and Equipment	—		3,995,982		977,418		—		—			4,973,400
Less-Accumulated Depreciation, Depletion and Amortization	—		2,307,111		559,538		—		—			2,866,649
Total Property, Plant and Equipment-Net	—		1,688,871		417,880		—		—			2,106,751
Other Assets:
Deferred Income Taxes	91,772		—		—		—		—			91,772
Affiliated Credit Facility	154,155		—		—		—		(154,155		)	—
Investment in Affiliates	882,762		—		—		—		(882,762		)	—
Right of Use Asset - Operating Leases	—		60,556		16,855		—		—			77,411
Other	34,187		42,692		13,298		—		—			90,177
Total Other Assets	1,162,876		103,248		30,153		—		(1,036,917		)	259,360
Total Assets	$	1,285,245	$	1,886,406	$	477,133	$	111,368	$	(1,036,917	)	$	2,723,235
Liabilities and Equity:
Current Liabilities:
Accounts Payable	$	88,838	$	7,671	$	23,405	$	5,406	$	—		$	125,320
Accounts Payable (Recoverable)-Related Parties	—		—		2,882		—		(2,882		)	—
Current Portion of Long-Term Debt	25,710		14,906		4,599		—		—			45,215
Other Accrued Liabilities	82,441		119,984		38,192		—		—			240,617
Total Current Liabilities	196,989		142,561		69,078		5,406		(2,882		)	411,152
Long-Term Debt:	579,148		108,330		156,240		—		(154,155		)	689,563
Deferred Credits and Other Liabilities:
Postretirement Benefits Other Than Pensions	—		427,442		—		—		—			427,442
Pneumoconiosis Benefits	—		160,075		4,897		—		—			164,972
Asset Retirement Obligations	—		231,877		10,939		—		—			242,816
Workers’ Compensation	—		56,178		2,914		—		—			59,092
Salary Retirement	54,622		—		—		—		—			54,622
Operating Lease Liability	—		52,208		14,224		—		—			66,432
Other	—		13,150		547		—		—			13,697
Total Deferred Credits and Other Liabilities	54,622		940,930		33,521		—		—			1,029,073
Total CONSOL Energy Inc. Stockholders’ Equity	454,486		694,585		218,294		105,962		(1,018,841		)	454,486
Noncontrolling Interest	—		—		—		—		138,961			138,961
Total Liabilities and Equity	$	1,285,245	$	1,886,406	$	477,133	$	111,368	$	(1,036,917	)	$	2,723,235

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 Nine Months Ended September 30, 2019 (unaudited):

	Parent Issuer			Guarantor			CCR Non-Guarantor			Non-Guarantor		Elimination			Consolidated
Net Cash Provided by (Used in) Operating Activities	$	182,938		$	(27,260	)	$	67,505		$	—	$	—		$	223,183
Cash Flows from Investing Activities:
Capital Expenditures	—			(102,121		)	(29,354		)	—		—			(131,475		)
Proceeds from Sales of Assets	—			2,011			4			—		—			2,015
(Investments in), net of Distributions from, Subsidiaries	(146,896		)	173,436			—			—		(26,540		)	—
Net Cash (Used in) Provided by Investing Activities	(146,896		)	73,326			(29,350		)	—		(26,540		)	(129,460		)
Cash Flows from Financing Activities:
Payments on Finance Leases	—			(10,931		)	(2,853		)	—		—			(13,784		)
Net (Payments on) Proceeds from Related Party Long-Term Notes	(18,400		)	—			18,400			—		—			—
Proceeds from Term Loan A	26,250			—			—			—		—			26,250
Payments on Term Loan A	(7,500		)	—			—			—		—			(7,500		)
Payments on Term Loan B	(123,062		)	(688		)	—			—		—			(123,750		)
Buyback of Second Lien Notes	(35,048		)	—			—			—		—			(35,048		)
Proceeds from Asset-Backed Financing	3,757			—			—			—		—			3,757
Purchases of CCR Units	(369		)	—			—			—		—			(369		)
Repurchases of Common Stock	(31,318		)	—			—			—		—			(31,318		)
Distributions to Noncontrolling Interest	—			—			(43,214		)	—		26,540			(16,674		)
Shares/Units Withheld for Taxes	—			(3,865		)	(880		)	—		—			(4,745		)
Debt-Related Financing Fees	(20,628		)	—			—			—		—			(20,628		)
Net Cash Used in Financing Activities	$	(206,318	)	$	(15,484	)	$	(28,547	)	$	—	$	26,540		$	(223,809	)

Condensed Statement of Cash Flows for the Nine Months Ended September 30, 2018 (unaudited):

	Parent Issuer			Guarantor			CCR Non-Guarantor			Non-Guarantor		Elimination			Consolidated
Net Cash (Used in) Provided by Operating Activities	$	(45,278	)	$	280,396		$	95,134		$	—	$	—		$	330,252
Cash Flows from Investing Activities:
Capital Expenditures	—			(76,599		)	(20,256		)	—		—			(96,855		)
Proceeds from Sales of Assets	—			1,198			170			—		—			1,368
Distributions from, net of (Investments in), Subsidiaries	30,237			(3,959		)	—			—		(26,278		)	—
Net Cash Provided by (Used in) Investing Activities	30,237			(79,360		)	(20,086		)	—		(26,278		)	(95,487		)
Cash Flows from Financing Activities:
Payments on Finance Leases	—			(8,894		)	(2,125		)	—		—			(11,019		)
Net Proceeds from (Payments on) Related Party Long-Term Notes	29,583			—			(29,583		)	—		—			—
Payments on Term Loan A	(26,250		)	—			—			—		—			(26,250		)
Payments on Term Loan B	(3,000		)	—			—			—		—			(3,000		)
Buyback of Second Lien Notes	(20,524		)	—			—			—		—			(20,524		)
Purchases of CCR Units	(1,142		)	—			—			—		—			(1,142		)
Repurchases of Common Stock	(9,724		)	—			—			—		—			(9,724		)
Spin Distribution to CNX Resources	—			(18,234		)	—			—		—			(18,234		)
Distributions to Noncontrolling Interest	—			—			(43,041		)	—		26,278			(16,763		)
Shares/Units Withheld for Taxes	—			(2,011		)	(912		)	—		—			(2,923		)
Debt Related Financing Fees	(2,851		)	—			—			—		—			(2,851		)
Net Cash Used in Financing Activities	$	(33,908	)	$	(29,139	)	$	(75,661	)	$	—	$	26,278		$	(112,430	)

Statement of Comprehensive Income

Statement of Comprehensive Income for the Three Months Ended September 30, 2019 (unaudited):

	Parent Issuer			Guarantor		CCR Non-Guarantor			Non- Guarantor		Elimination			Consolidated
Net Income	$	4,340		$	2,252	$	6,970		$	9,338	$	(15,876	)	$	7,024
Other Comprehensive Income (Loss):
Net Actuarial Gain (Loss)	2,457			—		(5		)	—		5			2,457
Unrecognized Loss on Derivatives	(261		)	—		—			—		—			(261		)
Other Comprehensive Income (Loss)	2,196			—		(5		)	—		5			2,196
Comprehensive Income	6,536			2,252		6,965			9,338		(15,871		)	9,220
Less: Comprehensive Income Attributable to Noncontrolling Interest	—			—		—			—		2,681			2,681
Comprehensive Income Attributable to CONSOL Energy Inc. Shareholders	$	6,536		$	2,252	$	6,965		$	9,338	$	(18,552	)	$	6,539

Statement of Comprehensive Income for the Three Months Ended September 30, 2018 (unaudited):

	Parent Issuer		Guarantor		CCR Non-Guarantor			Non- Guarantor			Elimination			Consolidated
Net Income (Loss)	$	5,734	$	14,619	$	8,645		$	(672	)	$	(19,242	)	$	9,084
Other Comprehensive Income (Loss):
Net Actuarial Gain (Loss)	4,177		—		(2		)	—			2			4,177
Other Comprehensive Income (Loss)	4,177		—		(2		)	—			2			4,177
Comprehensive Income (Loss)	9,911		14,619		8,643			(672		)	(19,240		)	13,261
Less: Comprehensive Income Attributable to Noncontrolling Interest	—		—		—			—			3,346			3,346
Comprehensive Income (Loss) Attributable to CONSOL Energy Inc. Shareholders	$	9,911	$	14,619	$	8,643		$	(672	)	$	(22,586	)	$	9,915

Statement of Comprehensive Income for the Nine Months Ended September 30, 2019 (unaudited):

	Parent Issuer			Guarantor		CCR Non-Guarantor			Non- Guarantor		Elimination			Consolidated
Net Income	$	62,055		$	65,122	$	36,577		$	27,505	$	(115,102	)	$	76,157
Other Comprehensive Income (Loss):
Net Actuarial Gain (Loss)	7,376			—		(11		)	—		11			7,376
Unrecognized Loss on Derivatives	(525		)	—		—			—		—			(525		)
Other Comprehensive Income (Loss)	6,851			—		(11		)	—		11			6,851
Comprehensive Income	68,906			65,122		36,566			27,505		(115,091		)	83,008
Less: Comprehensive Income Attributable to Noncontrolling Interest	—			—		—			—		14,097			14,097
Comprehensive Income Attributable to CONSOL Energy Inc. Shareholders	$	68,906		$	65,122	$	36,566		$	27,505	$	(129,188	)	$	68,911

Statement of Comprehensive Income for the Nine Months Ended September 30, 2018 (unaudited):

	Parent Issuer		Guarantor		CCR Non-Guarantor			Non- Guarantor			Elimination			Consolidated
Net Income (Loss)	$	113,304	$	131,788	$	49,978		$	(2,240	)	$	(160,079	)	$	132,751
Other Comprehensive Income (Loss):
Net Actuarial Gain (Loss)	12,356		—		(6		)	—			6			12,356
Other Comprehensive Income (Loss)	12,356		—		(6		)	—			6			12,356
Comprehensive Income (Loss)	125,660		131,788		49,972			(2,240		)	(160,073		)	145,107
Less: Comprehensive Income Attributable to Noncontrolling Interest	—		—		—			—			19,444			19,444
Comprehensive Income (Loss) Attributable to CONSOL Energy Inc. Shareholders	$	125,660	$	131,788	$	49,972		$	(2,240	)	$	(179,517	)	$	125,663