Ramaco Resources, Inc.METC
| Dec 31,
2017 | Dec 31,
2018 | Dec 31,
2019 | Dec 31,
2020 | Dec 31,
2021 | Dec 31,
2022 |
|---|
| Net income (loss) | -15,416,549 | 25 | 25 | -5 | 40 | 116 |
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| Asset retirement obligations accretion | 405,106 | 0 | 1 | 1 | 1 | 1 |
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| Depreciation and amortization | 3,154,072 | 12 | 20 | 21 | 26 | 41 |
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| Amortization of debt issuance costs | - | 1 | 0 | 0 | 0 | 0 |
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| Stock-based compensation | 2,820,213 | 3 | 4 | 4 | 5 | 8 |
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| Loss on disposal of equipment | - | - | - | - | - | -1 |
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| Other income - gain on sale of mineral rights | - | - | - | - | - | 2 |
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| Other income - employee retention tax credit | - | - | - | - | 5 | - |
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| Other income - PPP loan | - | - | - | 8 | - | - |
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| Deferred income taxes | - | 0 | 5 | -4 | 5 | 29 |
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| Accounts receivable | 6,250,746 | 4 | 9 | 1 | 24 | -3 |
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| Prepaid expenses and other current assets | 715,516 | 1 | -1 | -1 | -6 | 14 |
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| Inventories | 8,539,149 | 4 | 1 | -3 | 4 | 29 |
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| Other assets and liabilities | - | - | - | - | - | -1 |
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| Accounts payable | 15,535,054 | -2 | -7 | 3 | -2 | 13 |
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| Accrued expenses | 1,368,709 | 6 | 4 | -0 | 5 | 19 |
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| Net cash provided by operating activities | -8,753,027 | 36 | 42 | 13 | 53 | 188 |
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| Capital expenditures | 75,038,733 | 48 | 46 | 25 | 29 | 123 |
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| Ramaco Coal Asset Acquisition | - | - | - | - | - | 12 |
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| Maben Asset Acquisition | - | - | - | - | - | 12 |
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| Proceeds from sale of mineral rights | - | - | - | - | - | 2 |
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| Other | - | - | - | - | - | 1 |
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| Net cash used for investing activities | -19,801,770 | -43 | -46 | -25 | -60 | -146 |
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| Proceeds from PPP Loan | - | - | - | 8 | - | - |
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| Proceeds from borrowings | - | 15 | 74 | 50 | 54 | 42 |
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| Proceeds from stock options exercised | - | - | - | - | - | 0 |
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| Payments of debt issuance cost | - | 1 | - | - | 2 | - |
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| Payment of dividends | - | - | - | - | - | 20 |
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| Repayment of borrowings | - | 6 | 70 | 46 | 26 | 26 |
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| Repayment of Ramaco Coal acquisition financing - related party | 500,000 | 13 | - | - | - | 15 |
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| Repayments of insurance financing | 127,048 | 1 | 1 | 1 | 1 | 1 |
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| Repayments of equipment finance leases | - | - | - | - | 2 | 5 |
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| Shares surrendered for withholding taxes payable | - | - | - | - | - | 3 |
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| Net cash (used for) provided by financing activities | 29,291,926 | 8 | 3 | 11 | 22 | -28 |
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| Net change in cash and cash equivalents and restricted cash | - | - | -1 | -0 | 16 | 14 |
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| Cash paid for interest | 87,502 | 1 | 1 | 1 | 2 | 6 |
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| Cash paid for taxes | - | - | - | 0 | 0 | 16 |
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| Leased assets obtained under new financing leases | - | - | - | - | - | 8 |
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| Financed equipment purchases | - | - | - | - | 10 | 6 |
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| Capital expenditures included in accounts payable and accrued expenses | 5,236,216 | 1 | 3 | 1 | 7 | 13 |
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| Ramaco Coal Asset Acquisition | - | - | - | - | - | 57 |
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| Maben Asset Acquisition | - | - | - | - | - | 21 |
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| Financed insurance | - | 1 | 1 | 2 | 0 | 6 |
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