Ramaco Resources, Inc.: 10-Q filed 2018-08-06

Name: Ramaco Resources, Inc.: 10-Q filed 2018-08-06
Creator: Ramaco Resources, Inc.

What Ramaco Resources, Inc. reported in its quarterly report filed 2018-08-06 (fiscal Q2 2018): 38 published measures, 102 facts as tagged in accession 0001437749-18-014598.

This filing

Form: 10-Q (quarterly report)
Filed: 2018-08-06
Fiscal period: fiscal Q2 2018
Accession: 0001437749-18-014598 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Ramaco Resources, Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2018-06-30	188,226,849	USD
At 2017-12-31	148,098,031	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2018-06-30	58,114,359	USD
At 2017-12-31	34,700,745	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2018-06-30	130,112,490	USD
At 2017-12-31	113,397,286	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2018-06-30	5,911,310	USD
At 2017-12-31	5,934,043	USD
At 2017-06-30	2,858,014	USD
At 2016-12-31	5,196,914	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2018-04-01 to 2018-06-30	10,203,436	USD	91
2018-01-01 to 2018-06-30	15,469,713	USD	181
2017-04-01 to 2017-06-30	-3,487,971	USD	91
2017-01-01 to 2017-06-30	-6,581,114	USD	181

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2018-01-01 to 2018-06-30	8,110,683	USD	181
2017-01-01 to 2017-06-30	-489,499	USD	181

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2018-01-01 to 2018-06-30	27,477,734	USD	181
2017-01-01 to 2017-06-30	41,735,270	USD	181

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2018-01-01 to 2018-06-30	14,144,457	USD	181
2017-01-01 to 2017-06-30	29,291,926	USD	181

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2018-01-01 to 2018-06-30	-22,277,873	USD	181
2017-01-01 to 2017-06-30	-31,141,327	USD	181

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2018-06-30	-19,821,858	USD
At 2017-12-31	-35,291,571	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2018-04-01 to 2018-06-30	40,082,467	shares	91
2018-01-01 to 2018-06-30	39,994,386	shares	181
2017-04-01 to 2017-06-30	39,072,394	shares	91
2017-01-01 to 2017-06-30	35,592,366	shares	181

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2018-04-01 to 2018-06-30	40,339,749	shares	91
2018-01-01 to 2018-06-30	40,241,917	shares	181
2017-04-01 to 2017-06-30	39,072,394	shares	91
2017-01-01 to 2017-06-30	35,592,366	shares	181

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2018-04-01 to 2018-06-30	0.25	USD/shares	91
2018-01-01 to 2018-06-30	0.39	USD/shares	181
2017-04-01 to 2017-06-30	-0.09	USD/shares	91
2017-01-01 to 2017-06-30	-0.18	USD/shares	181

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2018-04-01 to 2018-06-30	0.25	USD/shares	91
2018-01-01 to 2018-06-30	0.38	USD/shares	181
2017-04-01 to 2017-06-30	-0.09	USD/shares	91
2017-01-01 to 2017-06-30	-0.18	USD/shares	181

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2018-04-01 to 2018-06-30	642,299	USD	91
2018-01-01 to 2018-06-30	1,385,606	USD	181
2017-04-01 to 2017-06-30	0	USD	91
2017-01-01 to 2017-06-30	0	USD	181

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2018-06-30	136,574,558	USD
At 2017-12-31	115,450,841	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2018-01-01 to 2018-06-30	1,245,491	USD	181
2017-01-01 to 2017-06-30	2,145,333	USD	181

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2018-04-01 to 2018-06-30	10,646,805	USD	91
2018-01-01 to 2018-06-30	16,266,996	USD	181
2017-04-01 to 2017-06-30	-3,709,594	USD	91
2017-01-01 to 2017-06-30	-6,893,301	USD	181

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2018-06-30	48,341,895	USD
At 2017-12-31	29,461,615	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2018-04-01 to 2018-06-30	315,761	USD	91
2018-01-01 to 2018-06-30	416,919	USD	181
2017-04-01 to 2017-06-30	212	USD	91
2017-01-01 to 2017-06-30	22,820	USD	181

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2018-06-30	44,520,516	USD
At 2017-12-31	22,424,569	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2018-06-30	20,062,221	USD
At 2017-12-31	19,532,531	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2018-06-30	28,265,692	USD
At 2017-12-31	7,165,487	USD

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2018-06-30	11,294,596	USD
At 2017-12-31	10,057,787	USD

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2018-04-01 to 2018-06-30	3,692,254	USD	91
2018-01-01 to 2018-06-30	7,123,398	USD	181
2017-04-01 to 2017-06-30	2,499,280	USD	91
2017-01-01 to 2017-06-30	6,100,643	USD	181

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2018-06-30	40,082,467	shares
At 2017-12-31	39,559,366	shares

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2018-06-30	8,798,639	USD
At 2017-12-31	3,405,756	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2018-06-30	524,648	USD
At 2017-12-31	318,206	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2018-06-30	8,824,787	USD
At 2017-12-31	2,821,422	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2018-04-01 to 2018-06-30	10,845,735	USD	91
2018-01-01 to 2018-06-30	16,855,319	USD	181
2017-04-01 to 2017-06-30	-3,487,971	USD	91
2017-01-01 to 2017-06-30	-6,581,114	USD	181

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2018-04-01 to 2018-06-30	2,300,000	USD	91
2018-01-01 to 2018-06-30	4,400,000	USD	181
2017-04-01 to 2017-06-30	200,000	USD	91
2017-01-01 to 2017-06-30	400,000	USD	181

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2018-04-01 to 2018-06-30	2,955,382	USD	91
2018-01-01 to 2018-06-30	5,392,882	USD	181
2017-04-01 to 2017-06-30	310,889	USD	91
2017-01-01 to 2017-06-30	467,016	USD	181

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2018-04-01 to 2018-06-30	512,693	USD	91
2018-01-01 to 2018-06-30	1,002,008	USD	181
2017-04-01 to 2017-06-30	121,492	USD	91
2017-01-01 to 2017-06-30	118,235	USD	181

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2018-01-01 to 2018-06-30	1,385,717	USD	181

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2018-01-01 to 2018-06-30	339,631	USD	181
2017-01-01 to 2017-06-30	81,303	USD	181

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2017-01-01 to 2017-06-30	47,709,000	USD	181

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2018-01-01 to 2018-06-30	1,236,809	USD	181
2017-01-01 to 2017-06-30	896,394	USD	181

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2018-01-01 to 2018-06-30	1,340,412	USD	181
2017-01-01 to 2017-06-30	7,198,796	USD	181

Inspect the source

Entity: Ramaco Resources, Inc. / CIK 0001687187
Captured: 2026-09-21T17:23:21.173Z
SEC response SHA-256: 0d2b802b9f4a4465f2c4fabb7fa2340f1d6a770ef0f307a3141bcf97bfb32e0e

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