Guarantor Subsidiaries Financial Information

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Guarantor Subsidiaries Financial Information

GUARANTOR SUBSIDIARIES FINANCIAL INFORMATION:

The payment obligations under the $275,000, Term Loan B due in September 2024, the $300,000, 11.000% per annum senior notes due November 2025, and the $100,000, Term Loan A due in March 2023 issued by CONSOL Energy are jointly and severally, and also fully and unconditionally, guaranteed by certain subsidiaries of CONSOL Energy. In accordance with positions established by the SEC, the following financial information sets forth separate financial information with respect to the parent, guarantor subsidiaries, CCR, a non-guarantor subsidiary, and the remaining non-guarantor subsidiaries. The principal elimination entries include investments in subsidiaries and certain intercompany balances and transactions. CONSOL Energy, the parent, and a guarantor subsidiary manage several assets and liabilities of all other wholly-owned subsidiaries. These include, for example, deferred tax assets, cash and other post-employment liabilities. These assets and liabilities are reflected as parent company or guarantor company amounts for purposes of this presentation.

Income Statement for the Year Ended December 31, 2019: 

	Parent Issuer		Guarantor			CCR Non-Guarantor			Non-Guarantor		Elimination			Consolidated
Revenue and Other Income:
Coal Revenue	$	—	$	966,397		$	322,132		$	—	$	—		$	1,288,529
Terminal Revenue	—		67,363			—			—		—			67,363
Freight Revenue	—		14,750			4,917			—		—			19,667
Miscellaneous Other Income	160,441		(11,418		)	5,928			38,401		(140,003		)	53,349
Gain (Loss) on Sale of Assets	2,188		(144		)	(49		)	—		—			1,995
Total Revenue and Other Income	162,629		1,036,948			332,928			38,401		(140,003		)	1,430,903
Costs and Expenses:
Operating and Other Costs	—		729,232			217,175			1,605		—			948,012
Depreciation, Depletion and Amortization	—		161,290			45,807			—		—			207,097
Freight Expense	—		14,750			4,917			—		—			19,667
Selling, General and Administrative Costs	—		54,237			12,874			—		—			67,111
Loss on Debt Extinguishment	24,455		—			—			—		—			24,455
Interest Expense, net	57,634		2,226			6,604			—		—			66,464
Total Costs and Expenses	82,089		961,735			287,377			1,605		—			1,332,806
Earnings (Loss) Before Income Tax	80,540		75,213			45,551			36,796		(140,003		)	98,097
Income Tax Expense	4,539		—			—			—		—			4,539
Net Income (Loss)	76,001		75,213			45,551			36,796		(140,003		)	93,558
Less: Net Income Attributable to Noncontrolling Interest	—		—			—			—		17,557			17,557
Net Income (Loss) Attributable to CONSOL Energy Inc. Shareholders	$	76,001	$	75,213		$	45,551		$	36,796	$	(157,560	)	$	76,001

Balance Sheet at December 31, 2019:

	Parent Issuer		Guarantor		CCR Non-Guarantor		Non-Guarantor		Elimination			Consolidated
Assets:
Current Assets:
Cash and Cash Equivalents	$	79,569	$	148	$	543	$	33	$	—		$	80,293
Accounts and Notes Receivable:
Trade Receivables, net of Allowance	—		—		—		131,688		—			131,688
Other Receivables	28,147		11,265		1,572		—		—			40,984
Inventories	—		41,478		12,653		—		—			54,131
Prepaid Expenses and Other Assets	8,657		16,524		5,746		6		—			30,933
Total Current Assets	116,373		69,415		20,514		131,727		—			338,029
Property, Plant and Equipment:
Property, Plant and Equipment	—		4,023,282		984,898		—		—			5,008,180
Less-Accumulated Depreciation, Depletion and Amortization	—		2,344,777		571,238		—		—			2,916,015
Total Property, Plant and Equipment-Net	—		1,678,505		413,660		—		—			2,092,165
Other Assets:
Deferred Income Taxes	103,505		—		—		—		—			103,505
Right of Use Asset - Operating Leases	—		56,937		15,695		—		—			72,632
Affiliated Credit Facility	148,156		—		—		—		(148,156		)	—
Investment in Affiliates	822,102		—		—		—		(822,102		)	—
Other	30,973		43,042		13,456		—		—			87,471
Total Other Assets	1,104,736		99,979		29,151		—		(970,258		)	263,608
Total Assets	$	1,221,109	$	1,847,899	$	463,325	$	131,727	$	(970,258	)	$	2,693,802
Liabilities and Equity:
Current Liabilities:
Accounts Payable	$	71,153	$	7,987	$	22,805	$	4,278	$	—		$	106,223
Accounts Payable (Recoverable)-Related Parties	—		—		1,419		—		(1,419		)	—
Current Portion of Long-Term Debt	28,225		16,795		5,252		—		—			50,272
Other Accrued Liabilities	82,452		116,403		39,455		—		(2,541		)	235,769
Total Current Liabilities	181,830		141,185		68,931		4,278		(3,960		)	392,264
Long-Term Debt	554,150		107,043		149,801		—		(148,156		)	662,838
Deferred Credits and Other Liabilities:
Postretirement Benefits Other Than Pensions	—		432,496		—		—		—			432,496
Pneumoconiosis Benefits	—		196,114		6,028		—		—			202,142
Asset Retirement Obligations	—		239,410		10,801		—		—			250,211
Workers’ Compensation	—		57,583		3,611		—		—			61,194
Salary Retirement	49,930		—		—		—		—			49,930
Operating Lease Liability	—		43,906		11,507		—		—			55,413
Other	—		14,134		785		—		—			14,919
Total Deferred Credits and Other Liabilities	49,930		983,643		32,732		—		—			1,066,305
Total CONSOL Energy Inc. Stockholders’ Equity	435,199		616,028		211,861		127,449		(955,338		)	435,199
Noncontrolling Interest	—		—		—		—		137,196			137,196
Total Liabilities and Equity	$	1,221,109	$	1,847,899	$	463,325	$	131,727	$	(970,258	)	$	2,693,802

Condensed Statement of Cash Flows for the Year Ended December 31, 2019:

	Parent Issuer			Guarantor			CCR Non-Guarantor			Non-Guarantor		Elimination			Consolidated
Net Cash Provided by (Used In) Operating Activities	$	253,112		$	(89,671	)	$	81,125		$	—	$	—		$	244,566
Cash Flows from Investing Activities:
Capital Expenditures	—			(132,562		)	(37,177		)	—		—			(169,739		)
(Investments in), net of Distributions from, Subsidiaries	(206,658		)	242,056			—			—		(35,398		)	—
Proceeds from Sales of Assets	—			2,195			6			—		—			2,201
Other Investing Activity	(5,003		)	—			—			—		—			(5,003		)
Net Cash (Used in) Provided by Investing Activities	(211,661		)	111,689			(37,171		)	—		(35,398		)	(172,541		)
Cash Flows from Financing Activities:
Payments on Finance Lease Obligations	—			(14,708		)	(3,841		)	—		—			(18,549		)
Affiliated Credit Facility	(17,925		)	—			17,925			—		—			—
Proceeds from Term Loan A	26,250			—			—			—		—			26,250
Payments on Term Loan A	(11,250		)	—			—			—		—			(11,250		)
Payments on Term Loan B	(124,437		)	—			—			—		—			(124,437		)
Payments on Second Lien Notes	(52,648		)	—			—			—		—			(52,648		)
Proceeds from Asset-Backed Financing	3,757			—			—			—		—			3,757
Payments on Asset-Backed Financing	(240		)	—			—			—		—			(240		)
Distributions to Noncontrolling Interest	—			—			(57,618		)	—		35,398			(22,220		)
Shares/Units Withheld for Taxes	—			(4,083		)	(880		)	—		—			(4,963		)
Repurchases of Common Stock	(32,733		)	—			—			—		—			(32,733		)
Purchases of CCR Units	(369		)	—			—			—		—			(369		)
Premium Paid on Extinguishment of Debt	(6,773		)	—			—			—		—			(6,773		)
Debt Issuance and Financing Fees	(12,492		)	—			—			—		—			(12,492		)
Net Cash (Used in) Provided by Financing Activities	$	(228,860	)	$	(18,791	)	$	(44,414	)	$	—	$	35,398		$	(256,667	)

Condensed Statement of Comprehensive Income for the Year Ended December 31, 2019:

	Parent Issuer			Guarantor		CCR Non-Guarantor			Non- Guarantor		Elimination			Consolidated
Net Income (Loss)	$	76,001		$	75,213	$	45,551		$	36,796	$	(140,003	)	$	93,558
Other Comprehensive Income (Loss):
Net Actuarial (Loss) Gain	(25,132		)	—		(1,341		)	—		1,341			(25,132		)
Unrecognized Loss on Derivatives	(117		)	—		—			—		—			(117		)
Other Comprehensive (Loss) Income	(25,249		)	—		(1,341		)	—		1,341			(25,249		)
Comprehensive Income (Loss)	50,752			75,213		44,210			36,796		(138,662		)	68,309
Less: Comprehensive Income Attributable to Noncontrolling Interest	—			—		—			—		17,551			17,551
Comprehensive Income (Loss) Attributable to CONSOL Energy Inc. Shareholders	$	50,752		$	75,213	$	44,210		$	36,796	$	(156,213	)	$	50,758

Income Statement for the Year Ended December 31, 2018:

	Parent Issuer		Guarantor		CCR Non-Guarantor			Non-Guarantor			Elimination			Consolidated
Revenue and Other Income:
Coal Revenue	$	—	$	1,023,219	$	341,073		$	—		$	—		$	1,364,292
Terminal Revenue	—		64,926		—			—			—			64,926
Freight Revenue	—		32,679		10,893			—			—			43,572
Miscellaneous Other Income	247,711		27,013		5,243			—			(221,307		)	58,660
Gain (Loss) on Sale of Assets	—		599		(34		)	—			—			565
Total Revenue and Other Income	247,711		1,148,436		357,175			—			(221,307		)	1,532,015
Costs and Expenses:
Operating and Other Costs	—		729,593		214,376			2,481			—			946,450
Depreciation, Depletion and Amortization	—		156,522		44,742			—			—			201,264
Freight Expense	—		32,679		10,893			—			—			43,572
Selling, General and Administrative Costs	—		51,415		13,931			—			—			65,346
Loss on Debt Extinguishment	3,922		—		—			—			—			3,922
Interest Expense, net	81,985		2,905		6,667			—			(7,709		)	83,848
Total Costs and Expenses	85,907		973,114		290,609			2,481			(7,709		)	1,344,402
Earnings (Loss) Before Income Tax	161,804		175,322		66,566			(2,481		)	(213,598		)	187,613
Income Tax Expense	8,828		—		—			—			—			8,828
Net Income (Loss)	152,976		175,322		66,566			(2,481		)	(213,598		)	178,785
Less: Net Income Attributable to Noncontrolling Interest	—		—		—			—			25,809			25,809
Net Income (Loss) Attributable to CONSOL Energy Inc. Shareholders	$	152,976	$	175,322	$	66,566		$	(2,481	)	$	(239,407	)	$	152,976

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 Receivables, net of Allowance	—			—		—		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 (Recoverable) Payable-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 for the Year Ended December 31, 2018:

	Parent Issuer			Guarantor			CCR Non-Guarantor			Non-Guarantor		Elimination			Consolidated
Net Cash Provided by Operating Activities	$	231,522		$	56,624		$	125,379		$	—	$	—		$	413,525
Cash Flows from Investing Activities:
Capital Expenditures	—			(114,606		)	(31,143		)	—		—			(145,749		)
(Investments in), net of Distributions from, Subsidiaries	(2,908		)	38,032			—			—		(35,124		)	—
Proceeds from Sales of Assets	—			1,933			170			—		—			2,103
Other Investing Activity	(10,000		)	—			—			—		—			(10,000		)
Net Cash Used in Investing Activities	(12,908		)	(74,641		)	(30,973		)	—		(35,124		)	(153,646		)
Cash Flows from Financing Activities:
Payments on Finance Lease Obligations	(2,905		)	(9,527		)	(3,052		)	—		—			(15,484		)
Affiliated Credit Facility	33,583			—			(33,583		)	—		—			—
Payments on Term Loan A	(26,250		)	—			—			—		—			(26,250		)
Payments on Term Loan B	(4,000		)	—			—			—		—			(4,000		)
Payments on Second Lien Notes	(25,724		)	—			—			—		—			(25,724		)
Distributions to Noncontrolling Interest	—			—			(57,389		)	—		35,124			(22,265		)
Shares/Units Withheld for Taxes	—			(2,512		)	(912		)	—		—			(3,424		)
Repurchases of Common Stock	(25,839		)	—			—			—		—			(25,839		)
Purchases of CCR Units	(3,079		)	—			—			—		—			(3,079		)
Spin Distribution to CNX Resources Corporation	(18,234		)	—			—			—		—			(18,234		)
Premium Paid on Extinguishment of Debt	(2,458		)	—			—			—		—			(2,458		)
Debt Issuance and Financing Fees	(2,166		)	—			—			—		—			(2,166		)
Net Cash (Used in) Provided by Financing Activities	$	(77,072	)	$	(12,039	)	$	(94,936	)	$	—	$	35,124		$	(148,923	)

Condensed Statement of Comprehensive Income for the Year Ended December 31, 2018:

	Parent Issuer		Guarantor		CCR Non-Guarantor			Non- Guarantor			Elimination			Consolidated
Net Income (Loss)	$	152,976	$	175,322	$	66,566		$	(2,481	)	$	(213,598	)	$	178,785
Other Comprehensive Income (Loss):
Net Actuarial Gain (Loss)	66,341		—		(1,477		)	—			1,477			66,341
Other Comprehensive Income (Loss)	66,341		—		(1,477		)	—			1,477			66,341
Comprehensive Income (Loss)	219,317		175,322		65,089			(2,481		)	(212,121		)	245,126
Less: Comprehensive Income Attributable to Noncontrolling Interest	—		—		—			—			25,803			25,803
Comprehensive Income (Loss) Attributable to CONSOL Energy Inc. Shareholders	$	219,317	$	175,322	$	65,089		$	(2,481	)	$	(237,924	)	$	219,323

Income Statement for the Year Ended December 31, 2017: 

	Parent Issuer		Guarantor			CCR Non-Guarantors		Non-Guarantor			Elimination			Consolidated
Revenue and Other Income:
Coal Revenue	$	—	$	890,741		$	296,913	$	—		$	—		$	1,187,654
Terminal Revenue	—		60,066			—		—			—			60,066
Freight Revenue	—		55,269			18,423		—			—			73,692
Miscellaneous Other Income	238,818		67,230			6,049		—			(238,818		)	73,279
Gain on Sale of Assets	—		15,813			1,399		—			—			17,212
Total Revenue and Other Income	238,818		1,089,119			322,784		—			(238,818		)	1,411,903
Costs and Expenses:
Operating and Other Costs	—		691,451			194,986		272			—			886,709
Depreciation, Depletion and Amortization	—		130,565			41,437		—			—			172,002
Freight Expense	—		55,269			18,423		—			—			73,692
Selling, General and Administrative Costs	—		67,908			15,697		—			—			83,605
Loss on Debt Extinguishment	—		—			2,468		—			(2,468		)	—
Interest Expense, net	10,064		355,059			9,309		1,723			(350,057		)	26,098
Total Costs and Expenses	10,064		1,300,252			282,320		1,995			(352,525		)	1,242,106
Earnings (Loss) Before Income Tax	228,754		(211,133		)	40,464		(1,995		)	113,707			169,797
Income Tax Expense (Benefit)	161,125		(73,897		)	—		—			—			87,228
Net Income (Loss)	67,629		(137,236		)	40,464		(1,995		)	113,707			82,569
Less: Net Income Attributable to Noncontrolling Interest	—		—			—		—			14,940			14,940
Net Income (Loss) Attributable to CONSOL Energy Inc. Shareholders	$	67,629	$	(137,236	)	$	40,464	$	(1,995	)	$	98,767		$	67,629

Condensed Statement of Cash Flows for the Year Ended December 31, 2017:

	Parent Issuer			Guarantor			CCR Non-Guarantors			Non-Guarantor		Elimination			Consolidated
Net Cash (Used in) Provided by Operating Activities	$	(17,032	)	$	192,423		$	72,644		$	75	$	—		$	248,110
Cash Flows from Investing Activities:
Capital Expenditures	—			(61,917		)	(19,496		)	—		—			(81,413		)
Proceeds from Sales of Assets	—			23,082			1,500			—		—			24,582
Net Cash Used in Investing Activities	—			(38,835		)	(17,996		)	—		—			(56,831		)
Cash Flows from Financing Activities:
Payments on Finance Lease Obligations	(3,503		)	(305		)	(96		)	—		—			(3,904		)
Affiliated Credit Facility	—			—			196,583			—		(196,583		)	—
Proceeds from Term Loan A	100,000			—			—			—		—			100,000
Proceeds from Term Loan B	392,147			—			—			—		—			392,147
Proceeds from Second Lien Notes	300,000			—			—			—		—			300,000
Net Payments on Revolver - MLP	—			—			(201,000		)	—		—			(201,000		)
Distributions to Noncontrolling Interest	—			—			(56,400		)	—		34,508			(21,892		)
Shares/Units Withheld for Taxes	—			(171		)	(1,985		)	—		—			(2,156		)
Spin Distribution to CNX Resources Corporation	(425,000		)	—			—			—		—			(425,000		)
Intercompany (Distributions) Contributions	(5,573		)	(156,502		)	—			—		162,075			—
Other Parent Net Distributions	(156,502		)	—			—			—		—			(156,502		)
Debt Issuance and Financing Fees	(32,304		)	—			—			—		—			(32,304		)
Net Cash Provided by (Used in) Financing Activities	$	169,265		$	(156,978	)	$	(62,898	)	$	—	$	—		$	(50,611	)

Condensed Statement of Comprehensive Income for the Year Ended December 31, 2017:

	Parent Issuer		Guarantor			CCR Non-Guarantors		Non- Guarantor			Elimination			Consolidated
Net Income (Loss)	$	67,629	$	(137,236	)	$	40,464	$	(1,995	)	$	113,707		$	82,569
Other Comprehensive Income (Loss):
Net Actuarial Gain (Loss)	94,919		—			1,366		—			(1,366		)	94,919
Other Comprehensive Income (Loss)	94,919		—			1,366		—			(1,366		)	94,919
Comprehensive Income (Loss)	162,548		(137,236		)	41,830		(1,995		)	112,341			177,488
Less: Comprehensive Income Attributable to Noncontrolling Interest	—		—			—		—			14,896			14,896
Comprehensive Income (Loss) Attributable to CONSOL Energy Inc. Shareholders	$	162,548	$	(137,236	)	$	41,830	$	(1,995	)	$	97,445		$	162,592