US-listed companies
ALLIANCE RESOURCE PARTNERS LP

ALLIANCE RESOURCE PARTNERS LPARLP

Market cap

$3.2B

P/E ratio

5.1x

Income statement Balance sheet Cash flow

	Dec 31, 2010	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
Coal sales	-	-	-	-	-	-	-	-	1,845	1,762	1,232	1,387	2,102	2,210
Oil & gas royalties	-	-	-	-	-	-	-	-	-	52	43	75	138	138
Transportation	-	-	-	-	-	-	-	-	112	100	21	70	114	142
Other revenues	-	-	-	-	-	-	-	-	46	48	32	38	52	76
Revenues	1,610	1,844	2,034	2,206	2,301	2,274	1,931	1,796	2,003	1,962	1,328	1,570	2,407	2,567
Product	-	-	-	-	-	-	-	-	-	-	-	-	1,287	1,369
Transportation	-	-	-	-	-	-	-	-	-	-	-	-	114	142
Operating expenses (excluding depreciation, depletion and amortization)	-	-	-	-	-	-	-	-	-	1,182	860	943	-	-
Outside coal purchases	17	54	39	2	0	0	2	-	1	23	-	6	0	36
General and administrative	51	52	59	64	73	67	73	62	68	73	60	70	80	79
Depreciation, depletion and amortization	147	160	218	265	275	334	323	269	280	309	313	261	274	268
Settlement gain	-	-	-	-	-	-	-	-	80	-	-	-	7	-
Asset impairments	-	-	-	-	-	-	-	-	-	-	25	-	-	-
Total operating expenses	1,258	1,431	1,660	1,762	1,757	1,912	1,566	1,468	1,631	1,702	1,411	1,351	1,748	1,894
Goodwill impairment	-	-	-	-	-	-	-	-	-	-	132	-	-	-
Total operating expenses	1,258	1,431	1,660	1,762	1,757	1,912	1,566	1,468	1,631	1,702	1,411	1,351	1,748	1,894
INCOME FROM OPERATIONS	352	413	374	444	544	361	366	329	372	259	-83	219	658	672
Interest expense (net of interest capitalized of $6,706, $922 and $396, respectively)	30	22	29	27	34	31	31	39	40	46	46	39	37	36
Interest income	0	0	0	1	2	1	0	0	0	0	0	0	2	9
Equity method investment income (loss)	-	-3	-15	-24	-17	-49	4	14	22	2	1	2	6	-1
Other income (expense)	-	-	-	-	-	-	-	-	-3	1	-2	-3	4	0
INCOME BEFORE INCOME TAXES	323	389	334	395	497	306	340	304	367	407	-129	179	633	644
INCOME TAX EXPENSE	2	-0	-1	1	-	0	0	0	0	-0	0	0	54	8
NET INCOME	321	389	-	-	497	306	340	304	367	407	-129	179	579	636
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	-	-	-	-	-0	-0	0	1	1	8	0	1	2	6
NET INCOME ATTRIBUTABLE TO ARLP	321	389	336	393	497	306	340	304	367	407	-129	179	579	636
EARNINGS PER LIMITED PARTNER UNIT - BASIC (in dollars per unit)	-	-	-	-	-	2.11	3.39	2.8	2.74	-	-	1.36	4.39	4.81
GENERAL PARTNER	-73	86	-107	-121	-138	146	81	22	2	-	-	-	-	1
LIMITED PARTNERS	248	303	229	272	359	160	258	282	365	399	-129	-	-	629
EARNINGS PER LIMITED PARTNER UNIT - DILUTED (in dollars per unit)	-	-	-	-	-	2.11	3.39	2.8	2.74	-	-	-	4.39	4.81
EARNINGS PER LIMITED PARTNER UNIT - BASIC (in dollars per unit)	-	-	-	-	-	2.11	3.39	2.8	2.74	-	-	1.36	4.39	4.81
EARNINGS PER LIMITED PARTNER UNIT - DILUTED (in dollars per unit)	-	-	-	-	-	2.11	3.39	2.8	2.74	-	-	-	4.39	4.81