Schedule I - Condensed Financial Information of the Parent

12 Months Ended

Dec. 31, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule I - Condensed Financial Information of the Parent

Parent Company Condensed Balance Sheets

The condensed balance sheets of NACCO, the parent company, at December 31 are as follows:

	2012		2011
ASSETS
Cash and cash equivalents	$	120.7	$	130.7
Other current assets	4.2		6.3
Investment in subsidiaries
Hyster-Yale	—		296.3
HBB	43.1		35.0
KC	43.7		46.7
NACoal	102.3		96.1
Other	14.3		16.6
	203.4		490.7
Property, plant and equipment, net	1.6		1.9
Other non-current assets	4.2		6.8
Total Assets	$	334.1	$	636.4
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities	$	6.6	$	15.7
Current intercompany accounts payable, net	12.9		9.3
Note payable to Bellaire	20.4		22.4
Other non-current liabilities	12.8		12.8
Stockholders’ equity	281.4		576.2
Total Liabilities and Stockholders’ Equity	$	334.1	$	636.4

The credit agreements at NACoal, HBB and KC allow the transfer of assets to NACCO under certain circumstances. The amount of NACCO's investment in NACoal, HBB, KC and NACCO and Other that was restricted at December 31, 2012 totaled approximately $149.0 million. The amount of unrestricted cash available to NACCO included in “Investment in subsidiaries” was $4.9 million at December 31, 2012. Dividends, advances and management fees from its subsidiaries are the primary sources of cash for NACCO.

SCHEDULE I—CONDENSED FINANCIAL INFORMATION OF THE PARENT

NACCO INDUSTRIES, INC. AND SUBSIDIARIES

PARENT COMPANY CONDENSED BALANCE SHEETS

	December 31
	2012		2011
	(In millions)
ASSETS
Cash and cash equivalents	$	120.7	$	130.7
Other current assets	4.2		6.3
Investment in subsidiaries
Hyster-Yale	—		296.3
HBB	43.1		35.0
KC	43.7		46.7
NACoal	102.3		96.1
Other	14.3		16.6
	203.4		490.7
Property, plant and equipment, net	1.6		1.9
Other non-current assets	4.2		6.8
Total Assets	$	334.1	$	636.4
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities	$	6.6	$	15.7
Current intercompany accounts payable, net	12.9		9.3
Note payable to Bellaire	20.4		22.4
Other non-current liabilities	12.8		12.8
Stockholders’ equity	281.4		576.2
Total Liabilities and Stockholders’ Equity	$	334.1	$	636.4

See Notes to Parent Company Condensed Financial Statements.

SCHEDULE I—CONDENSED FINANCIAL INFORMATION OF THE PARENT

NACCO INDUSTRIES, INC. AND SUBSIDIARIES

PARENT COMPANY CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

	Year Ended December 31
	2012			2011			2010
	(In millions)
(Income) expense:
Intercompany interest expense	$	1.5		$	1.7		$	1.9
Other, net	2.9			2.9			18.8
	4.4			4.6			20.7
Administrative and general expenses	6.7			7.0			10.5
Loss before income taxes	(11.1		)	(11.6		)	(31.2		)
Income tax benefit	(1.8		)	(3.0		)	(11.0		)
Net loss before equity in earnings of subsidiaries	(9.3		)	(8.6		)	(20.2		)
Equity in earnings of subsidiaries	51.5			88.1			67.3
Income from continuing operations	42.2			79.5			47.1
Discontinued operations, net of tax	66.5			82.6			32.4
Net income	108.7			162.1			79.5
Foreign currency translation adjustment	0.4			(14.9		)	(6.7		)
Current period cash flow hedging activity, net of $2.4 tax expense in 2012, $0.2 tax expense in 2011 and $3.3 tax benefit in 2010	7.7			2.4			(3.7		)
Reclassification of hedging activities into earnings, net of $2.7 tax expense in 2012, $2.6 tax expense in 2011 and $4.2 tax expense in 2010	(2.8		)	9.2			(8.8		)
Current period pension and postretirement plan adjustment, net of $1.6 tax benefit in 2012, $7.3 tax benefit in 2011, and $1.6 tax benefit in 2010	(1.7		)	(19.0		)	(3.8		)
Reclassification of pension and postretirement adjustments into earnings, net of $2.0 tax expense in 2012, $1.8 tax expense in 2011 and $1.3 tax expense in 2010	5.9			6.7			5.1
Comprehensive Income	$	118.2		$	146.5		$	61.6

See Notes to Parent Company Condensed Financial Statements.

SCHEDULE I—CONDENSED FINANCIAL INFORMATION OF THE PARENT

NACCO INDUSTRIES, INC. AND SUBSIDIARIES

PARENT COMPANY CONDENSED STATEMENTS OF CASH FLOWS

	Year Ended December 31
	2012			2011			2010
	(In millions)
Operating Activities
Income from continuing operations	$	42.2		$	79.5		$	47.1
Equity in earnings of subsidiaries	51.5			88.1			67.3
Parent company only net loss	(9.3		)	(8.6		)	(20.2		)
Net changes related to operating activities	4.5			12.1			(9.1		)
Net cash provided by (used for) operating activities	(4.8		)	3.5			(29.3		)
Investing Activities
Expenditures for property, plant and equipment	(0.5		)	(0.1		)	(1.1		)
Net cash used for investing activities	(0.5		)	(0.1		)	(1.1		)
Financing Activities
Dividends received from subsidiaries	40.6			114.4			24.6
Dividends received from Hyster-Yale	5.0			10.0			5.0
Proceeds from the sale of assets	—			—			1.6
Notes payable to Bellaire	(2.0		)	(2.8		)	(2.6		)
Capital contributions to subsidiaries	—			(4.0		)	—
Purchase of treasury shares	(3.2		)	(2.1		)	—
Cash dividends paid	(45.1		)	(17.8		)	(17.4		)
Net cash provided by financing activities	(4.7		)	97.7			11.2
Cash and cash equivalents
Increase (decrease) for the period	(10.0		)	101.1			(19.2		)
Balance at the beginning of the period	130.7			29.6			48.8
Balance at the end of the period	$	120.7		$	130.7		$	29.6

See Notes to Parent Company Condensed Financial Statements.

SCHEDULE I—CONDENSED FINANCIAL INFORMATION OF THE PARENT

NACCO INDUSTRIES, INC. AND SUBSIDIARIES

NOTES TO PARENT COMPANY CONDENSED FINANCIAL STATEMENTS

FOR THE YEAR ENDED DECEMBER 31, 2012, 2011 AND 2010

The notes to Consolidated Financial Statements, incorporated in Item 15 of this Form 10-K, are hereby incorporated by reference into these Notes to Parent Company Condensed Financial Statements.

NOTE A — ACCOUNTING POLICIES

NACCO Industries, Inc. (the parent company or “NACCO”) is a holding company with subsidiaries that operate in three principal industries. In the Parent Company Condensed Financial Statements, NACCO's investment in subsidiaries is stated at cost plus equity in undistributed earnings of subsidiaries since the date of acquisition. NACCO's share of net income of unconsolidated subsidiaries is included in net income using the equity method. Parent Company financial statements should be read in conjunction with the Company's consolidated financial statements.

NOTE B — LONG-TERM OBLIGATIONS AND GUARANTEES

It is NACCO's policy not to guarantee the debt of its subsidiaries.

NOTE C — UNRESTRICTED CASH

The amount of unrestricted cash available to NACCO, included in “Investment in subsidiaries,” was $4.9 million at December 31, 2012 and was in addition to the $120.7 million  of cash included in the Parent Company Condensed Balance Sheet at December 31, 2012.