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8-K - 8-K - NACCO INDUSTRIES INC | dataschedule93020178-k.htm |
EXHIBIT 99 | ||||||||||||||||||||||
NACCO Industries, Inc. - Consolidated | ||||||||||||||||||||||
(in thousands, except percentage data) | ||||||||||||||||||||||
Revenues (5) | ||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | ||||||||||||||||||
2016 | 30,287 | 23,089 | 32,402 | 25,303 | 111,081 | |||||||||||||||||
2017 | 28,300 | 28,100 | 21,941 | |||||||||||||||||||
Operating Profit (Loss) (4) (5) | ||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | ||||||||||||||||||
2016 | 8,301 | 3,526 | (12,779 | ) | (707 | ) | (1,659 | ) | ||||||||||||||
2017 | 9,806 | 9,512 | 6,989 | |||||||||||||||||||
Interest (Income) Expense (5) | ||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | ||||||||||||||||||
2016 | 1,020 | 1,052 | 981 | 1,069 | 4,122 | |||||||||||||||||
2017 | 863 | 799 | 960 | |||||||||||||||||||
Other (Income) Expense (5) | ||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | ||||||||||||||||||
2016 | 95 | 2,337 | (39 | ) | (1,481 | ) | 912 | |||||||||||||||
2017 | 124 | 141 | 73 | |||||||||||||||||||
Income (Loss) Before Taxes (4) (5) | Effective income tax rate from continuing operations (5) | |||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||
2016 | 7,186 | 137 | (13,721 | ) | (295 | ) | (6,693 | ) | 2016 | n.m. | n.m. | 84.5 | % | n.m. | 151.2 | % | ||||||
2017 | 8,819 | 8,572 | 5,956 | 2017 | 6.8 | % | 15.6 | % | 44.1 | % | ||||||||||||
Income (Loss) from Continuing Operations (4) (5) | ||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | ||||||||||||||||||
2016 | 7,760 | 1,943 | (2,132 | ) | (4,144 | ) | 3,427 | |||||||||||||||
2017 | 8,220 | 7,232 | 3,331 | |||||||||||||||||||
Discontinued Operations, Net of Taxes (5) | ||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | ||||||||||||||||||
2016 | (4,958 | ) | 1,173 | 1,691 | 28,275 | 26,181 | ||||||||||||||||
2017 | (3,242 | ) | (444 | ) | (5,067 | ) | ||||||||||||||||
Net Income (Loss) (4) | ||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | ||||||||||||||||||
2016 | 2,802 | 3,116 | (441 | ) | 24,131 | 29,608 | ||||||||||||||||
2017 | 4,978 | 6,788 | 8,398 | |||||||||||||||||||
Depreciation, depletion and amortization expense (5) | ||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | ||||||||||||||||||
2016 | 3,038 | 3,111 | 3,721 | 3,180 | 13,050 | |||||||||||||||||
2017 | 3,180 | 3,243 | 3,157 | |||||||||||||||||||
Capital Expenditures (5) | ||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | ||||||||||||||||||
2016 | 2,521 | 3,118 | 1,658 | 2,868 | 10,165 | |||||||||||||||||
2017 | 3,425 | 2,275 | 3,511 | |||||||||||||||||||
Net cash provided by (used for) operating activities from continuing operations (5) | ||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | ||||||||||||||||||
2016 | (4,740 | ) | 5,477 | 20,557 | 10,078 | 31,372 | ||||||||||||||||
2017 | (18,158 | ) | 35,144 | 17,832 | ||||||||||||||||||
NACCO Industries, Inc. - Consolidated | ||||||||||||||||||||||
(in thousands, except percentage data) | ||||||||||||||||||||||
Net cash provided by (used for) investing activities from continuing operations (5) | ||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | ||||||||||||||||||
2016 | (2,550 | ) | (3,067 | ) | 14 | 1,711 | (3,892 | ) | ||||||||||||||
2017 | (2,616 | ) | (1,014 | ) | (2,674 | ) | ||||||||||||||||
Cash flow before financing activities from continuing operations (1) (5) | ||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | ||||||||||||||||||
2016 | (7,290 | ) | 2,410 | 20,571 | 11,789 | 27,480 | ||||||||||||||||
2017 | (20,774 | ) | 34,130 | 15,158 | ||||||||||||||||||
Net cash provided by (used for) financing activities from continuing operations (5) | ||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | ||||||||||||||||||
2016 | 7,961 | (6,206 | ) | (4,641 | ) | 9,013 | 6,127 | |||||||||||||||
2017 | 4,202 | (29,513 | ) | 21,427 | ||||||||||||||||||
Dividends Paid to Shareholders | ||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | ||||||||||||||||||
2016 | 1,804 | 1,834 | 1,812 | 1,812 | 7,262 | |||||||||||||||||
2017 | 1,827 | 1,863 | 1,862 | |||||||||||||||||||
Total debt (2) (5) | ||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | ||||||||||||||||||
2016 | 111,381 | 110,838 | 110,227 | 96,039 | 96,039 | |||||||||||||||||
2017 | 99,070 | 69,130 | 58,741 | |||||||||||||||||||
Equity | Return on Equity (3) (4) | |||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||
2016 | 202,019 | 198,972 | 196,308 | 220,293 | 220,293 | 2017 | 15.2 | % | 16.6 | % | 20.5 | % | ||||||||||
2017 | 224,526 | 230,960 | 207,063 | |||||||||||||||||||
(1 | ) | Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities. | ||||||||||||||||||||
(2 | ) | Total debt presented excludes the obligations of the unconsolidated mines. The unconsolidated mines' customers arrange and guarantee the financing of the unconsolidated mines. These obligations are without recourse to and are not guaranteed by North American Coal or NACCO. | ||||||||||||||||||||
(3 | ) | Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters. | ||||||||||||||||||||
(4 | ) | The third quarter of 2016 included an impairment charge of $17.4 million with respect to its Centennial mining operations. | ||||||||||||||||||||
(5 | ) | On September 29, 2017, the Company spun-off Hamilton Beach Brands Holding Company ("HBBHC", ticker symbol HBB), a former wholly owned subsidiary. The financial position, results of operations and cash flows of HBBHC are reflected as discontinued operations for 2016 and 2017. |
The North American Coal Corporation | |||||||||||||||||
(in thousands, except percentage data, tons of coal sold and limerock yards delivered) | |||||||||||||||||
Tons of coal sold - Unconsolidated mines | |||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||
2016 | 7.0 | 6.7 | 7.8 | 8.0 | 29.5 | ||||||||||||
2017 | 9.2 | 7.5 | 9.4 | ||||||||||||||
Tons of coal sold - Consolidated mines | |||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||
2016 | 0.8 | 0.6 | 1.0 | 0.6 | 3.0 | ||||||||||||
2017 | 0.7 | 0.7 | 0.5 | ||||||||||||||
Limerock yards delivered | |||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||
2016 | 6.8 | 7.1 | 6.4 | 5.8 | 26.1 | ||||||||||||
2017 | 7.8 | 7.9 | 6.4 | ||||||||||||||
Revenues | |||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||
2016 | 30,287 | 23,089 | 32,402 | 25,303 | 111,081 | ||||||||||||
2017 | 28,300 | 28,100 | 21,941 | ||||||||||||||
Gross Profit (Loss) | |||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||
2016 | 6,028 | 2,289 | 1,708 | 2,316 | 12,341 | ||||||||||||
2017 | 4,592 | 4,644 | 2,530 | ||||||||||||||
Earnings of unconsolidated mines | |||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||
2016 | 12,648 | 13,035 | 15,102 | 14,453 | 55,238 | ||||||||||||
2017 | 14,955 | 13,475 | 16,197 | ||||||||||||||
Operating Expenses | |||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||
2016 | 8,934 | 10,501 | 27,722 | 14,803 | 61,960 | ||||||||||||
2017 | 8,221 | 7,243 | 9,802 | ||||||||||||||
Operating Profit (Loss) (3) | |||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||
2016 | 9,742 | 4,823 | (10,912 | ) | 1,966 | 5,619 | |||||||||||
2017 | 11,326 | 10,876 | 8,925 | ||||||||||||||
Interest (Income) Expense | |||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||
2016 | 1,024 | 1,053 | 982 | 1,101 | 4,160 | ||||||||||||
2017 | 873 | 801 | 965 | ||||||||||||||
Other (Income) Expense | |||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||
2016 | (198 | ) | 2,041 | (198 | ) | (198 | ) | 1,447 | |||||||||
2017 | (184 | ) | (180 | ) | (202 | ) | |||||||||||
The North American Coal Corporation | |||||||||||||||||||
(in thousands, except percentage data, tons of coal sold and limerock yards delivered) | |||||||||||||||||||
Income (Loss) Before Taxes (3) | |||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||||
2016 | 8,916 | 1,729 | (11,696 | ) | 1,083 | 32 | |||||||||||||
2017 | 10,637 | 10,255 | 8,162 | ||||||||||||||||
Depreciation, depletion and amortization expense | |||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||||
2016 | 2,944 | 3,020 | 3,630 | 3,088 | 12,682 | ||||||||||||||
2017 | 3,088 | 3,151 | 3,066 | ||||||||||||||||
Capital Expenditures | |||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||||
2016 | 2,517 | 3,106 | 1,657 | 2,829 | 10,109 | ||||||||||||||
2017 | 3,421 | 2,276 | 3,502 | ||||||||||||||||
Net cash provided by (used for) operating activities | |||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||||
2016 | (3,471 | ) | 3,580 | 16,380 | 18,451 | 34,940 | |||||||||||||
2017 | (11,361 | ) | 28,695 | 18,538 | |||||||||||||||
Net cash provided by (used for) investing activities | |||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||||
2016 | (1,548 | ) | (4,093 | ) | (5 | ) | 1,730 | (3,916 | ) | ||||||||||
2017 | (2,632 | ) | (1,035 | ) | (2,685 | ) | |||||||||||||
Cash flow before financing activities (1) | |||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||||
2016 | (5,019 | ) | (513 | ) | 16,375 | 20,181 | 31,024 | ||||||||||||
2017 | (13,993 | ) | 27,660 | 15,853 | |||||||||||||||
Net cash provided by (used for) financing activities | |||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||||
2016 | (1,253 | ) | 474 | (4,910 | ) | (27,075 | ) | (32,764 | ) | ||||||||||
2017 | 3,029 | (27,650 | ) | (15,711 | ) | ||||||||||||||
Dividends to (capital contributions from) NACCO | |||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||||
2016 | — | — | 4,300 | 5,900 | 10,200 | ||||||||||||||
2017 | — | — | 4,000 | ||||||||||||||||
Total debt (2) | |||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||||
2016 | 111,381 | 110,838 | 110,227 | 96,039 | 96,039 | ||||||||||||||
2017 | 99,070 | 69,130 | 58,741 | ||||||||||||||||
The North American Coal Corporation | |||||||||||||||||||
(in thousands, except percentage data, tons of coal sold and limerock yards delivered) | |||||||||||||||||||
Equity | |||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||||
2016 | 116,209 | 119,542 | 102,995 | 105,645 | 105,645 | ||||||||||||||
2017 | 115,161 | 123,741 | 129,815 | ||||||||||||||||
(1 | ) | Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities. | |||||||||||||||||
(2 | ) | Total debt presented excludes the obligations of the unconsolidated mines. The unconsolidated mines' customers arrange and guarantee the financing of the unconsolidated mines. These obligations are without recourse to and are not guaranteed by North American Coal or NACCO. | |||||||||||||||||
(3 | ) | The third quarter of 2016 included an impairment charge of $17.4 million with respect to its Centennial mining operations. |
NACCO and Other | |||||||||||||||||||
(in thousands, except percentage data) | |||||||||||||||||||
Income (Loss) Before Taxes (1) | |||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||||
2016 | (1,730 | ) | (1,592 | ) | (2,025 | ) | (1,378 | ) | (6,725 | ) | |||||||||
2017 | (1,818 | ) | (1,683 | ) | (2,206 | ) | |||||||||||||
(1 | ) | On September 29, 2017, the Company spun-off Hamilton Beach Brands Holding Company ("HBBHC", ticker symbol HBB), a former wholly owned subsidiary. The financial position, results of operations and cash flows of HBBHC are reflected as discontinued operations for 2016 and 2017. |