ADDITIONAL INFORMATION WITH RESPECT TO UNRESTRICTED SUBSIDIARIES

3 Months Ended

Mar. 31, 2020

Condensed Financial Information Disclosure [Abstract]

ADDITIONAL INFORMATION WITH RESPECT TO UNRESTRICTED SUBSIDIARIES

ADDITIONAL INFORMATION WITH RESPECT TO UNRESTRICTED SUBSIDIARIES:

Under the terms of the Indenture and Senior Secured Credit Facilities, CONSOL Energy has designated certain of its subsidiaries as “Unrestricted Subsidiaries”. The current Unrestricted Subsidiaries are the Partnership and its subsidiaries and the SPV. CONSOL Energy is required under the terms of the Indenture and the Senior Secured Credit Facilities to present additional information that reflects the financial condition and results of operations of the Company and its Restricted Subsidiaries separate from the financial condition and results of operations of the Company's Unrestricted Subsidiaries for the periods presented. This additional information is below.

Income Statement for the Three Months Ended March 31, 2020 (unaudited):

	Company and Restricted Subsidiaries			Unrestricted Subsidiaries		Consolidated
Revenue and Other Income:
Coal Revenue	$	191,589		$	63,863	$	255,452
Terminal Revenue	16,501			—		16,501
Freight Revenue	2,360			787		3,147
Miscellaneous Other Income	3,863			12,307		16,170
Loss on Sale of Assets	(14		)	—		(14		)
Total Revenue and Other Income	214,299			76,957		291,256
Costs and Expenses:
Operating and Other Costs	163,592			48,683		212,275
Depreciation, Depletion and Amortization	43,015			11,928		54,943
Freight Expense	2,360			787		3,147
Selling, General and Administrative Costs	13,624			4,046		17,670
Gain on Debt Extinguishment	(16,833		)	—		(16,833		)
Interest Expense, net	13,516			2,155		15,671
Total Costs and Expenses	219,274			67,599		286,873
(Loss) Earnings Before Income Tax	(4,975		)	9,358		4,383
Income Tax Expense	1,908			—		1,908
Net (Loss) Income	(6,883		)	9,358		2,475
Less: Net Income Attributable to Noncontrolling Interest	108			—		108
Net (Loss) Income Attributable to CONSOL Energy Inc. Shareholders	$	(6,991	)	$	9,358	$	2,367

Balance Sheet at March 31, 2020 (unaudited):
	Company and Restricted Subsidiaries			Unrestricted Subsidiaries		Consolidated
ASSETS
Current Assets:
Cash and Cash Equivalents	$	77,896		$	270	$	78,166
Restricted Cash	—			661		661
Accounts and Notes Receivable
Trade Receivables, net of Allowance	—			113,098		113,098
Other Receivables, net of Allowance	31,654			2,224		33,878
Inventories	44,852			13,786		58,638
Prepaid Expenses and Other Assets	21,931			4,371		26,302
Total Current Assets	176,333			134,410		310,743
Property, Plant and Equipment:
Property, Plant and Equipment	4,059,878			993,820		5,053,698
Less-Accumulated Depreciation, Depletion and Amortization	2,382,961			582,942		2,965,903
Property, Plant and Equipment - Net	1,676,917			410,878		2,087,795
Other Assets:
Deferred Income Taxes	102,425			—		102,425
Right of Use Asset - Operating Leases	53,268			14,519		67,787
Other, net of Allowance	71,277			13,441		84,718
Total Other Assets	226,970			27,960		254,930
TOTAL ASSETS	$	2,080,220		$	573,248	$	2,653,468
LIABILITIES AND EQUITY
Current Liabilities:
Accounts Payable	$	65,078		$	24,478	$	89,556
Accounts (Recoverable) Payable - Related Parties	(4,279		)	4,279		—
Current Portion of Long-Term Debt	58,529			8,912		67,441
Other Accrued Liabilities	197,677			39,584		237,261
Total Current Liabilities	317,005			77,253		394,258
Long-Term Debt:
Long-Term Debt	452,472			152,455		604,927
Finance Lease Obligations	16,867			5,075		21,942
Total Long-Term Debt	469,339			157,530		626,869
Deferred Credits and Other Liabilities:
Postretirement Benefits Other Than Pensions	429,085			—		429,085
Pneumoconiosis Benefits	195,449			6,269		201,718
Asset Retirement Obligations	243,837			10,968		254,805
Workers' Compensation	57,313			3,648		60,961
Salary Retirement	44,439			—		44,439
Operating Lease Liability	42,039			10,936		52,975
Other	16,445			823		17,268
Total Deferred Credits and Other Liabilities	1,028,607			32,644		1,061,251
TOTAL LIABILITIES	1,814,951			267,427		2,082,378
Total CONSOL Energy Inc. Stockholders’ Equity	133,584			305,821		439,405
Noncontrolling Interest	131,685			—		131,685
TOTAL LIABILITIES AND EQUITY	$	2,080,220		$	573,248	$	2,653,468

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

	Company and Restricted Subsidiaries			Unrestricted Subsidiaries		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	11,981			1,311		13,292
Gain on Sale of Assets	334			5		339
Total Revenue and Other Income	284,506			86,107		370,613
Costs and Expenses:
Operating and Other Costs	177,603			52,509		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	17,245			1,351		18,596
Total Costs and Expenses	279,858			71,302		351,160
Earnings Before Income Tax	4,648			14,805		19,453
Income Tax Benefit	(850		)	—		(850		)
Net Income	5,498			14,805		20,303
Less: Net Income Attributable to Noncontrolling Interest	5,868			—		5,868
Net (Loss) Income Attributable to CONSOL Energy Inc. Shareholders	$	(370	)	$	14,805	$	14,435

Balance Sheet at December 31, 2019:
	Company and Restricted Subsidiaries			Unrestricted Subsidiaries		Consolidated
ASSETS
Current Assets:
Cash and Cash Equivalents	$	79,717		$	576	$	80,293
Accounts and Notes Receivable
Trade Receivables, net of Allowance	—			131,688		131,688
Other Receivables, net of Allowance	39,412			1,572		40,984
Inventories	41,478			12,653		54,131
Prepaid Expenses and Other Assets	25,181			5,752		30,933
Total Current Assets	185,788			152,241		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
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
Other, net of Allowance	74,015			13,456		87,471
Total Other Assets	234,457			29,151		263,608
TOTAL ASSETS	$	2,098,750		$	595,052	$	2,693,802
LIABILITIES AND EQUITY
Current Liabilities:
Accounts Payable	$	79,140		$	27,083	$	106,223
Accounts (Recoverable) Payable - Related Parties	(1,419		)	1,419		—
Current Portion of Long-Term Debt	45,020			5,252		50,272
Other Accrued Liabilities	196,314			39,455		235,769
Total Current Liabilities	319,055			73,209		392,264
Long-Term Debt:
Long-Term Debt	505,646			148,156		653,802
Finance Lease Obligations	7,391			1,645		9,036
Total Long-Term Debt	513,037			149,801		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	1,033,573			32,732		1,066,305
TOTAL LIABILITIES	1,865,665			255,742		2,121,407
Total CONSOL Energy Inc. Stockholders’ Equity	95,889			339,310		435,199
Noncontrolling Interest	137,196			—		137,196
TOTAL LIABILITIES AND EQUITY	$	2,098,750		$	595,052	$	2,693,802