| Address:
|
ONE ALPHA PLACE
P.O. BOX 2345 |
| City: |
ABINGDON |
|
State: |
VA |
|
Zip Code: |
24212 |
| Telephone: |
276-619-4463 |
|
Description of Business
|
Primary SIC Code:
1221 |
| (As filed with the SEC)
|
|
|
We are a leading Appalachian coal supplier. We produce, process and sell steam
and metallurgical coal from eight regional business units, which, as of December
31, 2007, are supported by 32 active underground mines, 26 active surface mines
and 11 preparation plants located throughout Virginia, West Virginia, Kentucky,
and Pennsylvania, as well as a road construction business in West Virginia and
Virginia that recovers coal. We are also actively involved in the purchase and
resale of coal mined by others, the majority of which we blend with coal
produced from our mines, allowing us to realize a higher overall margin for the
blended product than we would be able to achieve selling these coals separately.
Steam coal, which is primarily purchased by large utilities and industrial
customers as fuel for electricity generation, accounted for approximately 62% of
our 2007 coal sales volume. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 12/2009 | 1.98 | NA | 21.91 | | 09/2009 | 0.47 | NA | 74.68 | | 06/2009 | 1.76 | NA | 14.93 | | 03/2009 | 2.53 | NA | 7.02 | | 12/2008 | 2.30 | NA | 7.04 | | 09/2008 | 2.45 | NA | 20.99 | | 06/2008 | 1.69 | NA | 61.71 | | 03/2008 | 0.69 | NA | 62.96 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2008 |
Leverage |
2008 |
| Net Inc/Comm Equity | 0.40 | Total Liab/Total Assets | 0.58 | | Net Inc/Total Assets | 0.10 | Total Liab/Inv Cap | 0.70 | | Net Inc/Inv Cap | 0.12 | Total Liab/Comm Equity | 2.42 | | Pretax Inc/Net Sales | 0.08 | Interest Coverage Ratio | 5.96 | | Net Inc/Net Sales | 0.06 | Curr Debt/Equity | 0.04 | | Cash Flow/Net Sales | 0.18 | LTD/Equity | 0.74 | | SG&A/NetSales | 0.03 | Total Debt/Equity | 0.78 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 13.57 | Quick Ratio | 3.45 | | Inventory Turnover | 26.05 | Current Ratio | 3.78 | | Inventory Day Sales | 0.06 | Net Rec/Curr Assets | 0.18 | | Net Sales/Work Cap | 3.50 | Inv/Curr Assets | 0.09 | | Net Sales/PP&E | 4.64 | | |
Income Statement (Millions) |
| |
6/30/2009
|
3/31/2009
|
12/31/2008
|
9/30/2008
|
|
Total Revenues(Net Sales)
|
386.17
|
486.74
|
593.84
|
711.16
|
|
Cost of Goods Sold
|
355.75
|
314.89
|
508.60
|
548.45
|
|
Selling & Admin Exps
|
-23.15
|
62.52
|
14.96
|
44.08
|
|
Operating Income
|
31.75
|
69.36
|
-35.78
|
77.40
|
|
Interest Exp
|
10.17
|
9.85
|
6.80
|
6.41
|
|
Pretax Income
|
22.00
|
60.25
|
11.07
|
74.12
|
|
Other Income
|
0.42
|
0.74
|
53.65
|
3.13
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
15.36
|
40.96
|
-4.19
|
69.86
|
|
Assets
|
6/30/2009
|
3/31/2009
|
12/31/2008
|
9/30/2008
|
|
Cash & Short Term Investments
|
670.91
|
692.69
|
684.23
|
597.89
|
|
Receivables - Total
|
172.30
|
179.08
|
181.29
|
268.88
|
|
Inventories - Total
|
99.66
|
105.37
|
86.59
|
83.82
|
|
Total Current Assets
|
1,016.73
|
1,029.86
|
991.78
|
975.93
|
|
Net Property, Plant & Equipment
|
518.64
|
528.85
|
550.10
|
587.63
|
|
Total Assets
|
1,692.51
|
1,715.17
|
1,728.29
|
1,725.31
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
163.80
|
219.69
|
161.59
|
245.21
|
|
Debt in Current Liabilities
|
222.35
|
0.18
|
29.88
|
32.11
|
|
Total Current Liabilities
|
386.15
|
219.87
|
262.59
|
277.32
|
|
Long-Term Debt
|
275.02
|
435.42
|
538.77
|
542.06
|
|
Total Liabilities
|
824.70
|
876.93
|
1,002.62
|
986.58
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.72
|
0.72
|
0.71
|
0.71
|
|
Retained Earnings
|
397.16
|
381.80
|
340.67
|
344.86
|
|
Treasury Stock
|
-2.03
|
-2.02
|
NA
|
NA
|
|
Total Stockholders' Equity
|
867.81
|
838.25
|
725.68
|
738.73
|
|
Total Liabilities and Stockholders' Equity
|
1,692.51
|
1,715.17
|
1,728.29
|
1,725.31
|
Cash Flow Summary (Millions) |
|
Categories
|
6/30/2009
|
3/31/2009
|
12/31/2008
|
9/30/2008
|
|
Net Cash Provided by Operating Activities
|
13.83
|
43.75
|
122.24
|
156.37
|
|
Net Cash Provided by Investing Activities
|
-27.79
|
-19.76
|
-23.49
|
19.71
|
|
Net Cash Provided by Financing Activities
|
-11.36
|
-7.49
|
17.30
|
-22.44
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2004 | 1,269.72 | 20.02 | -- | | 12/2005 | 1,627.34 | 21.21 | 0.38 | | 12/2006 | 1,910.66 | 128.17 | 2.00 | | 12/2007 | 1,877.57 | 27.73 | 0.43 | | 12/2008 | 2,554.12 | 165.54 | 2.30 | | Growth Rates | 19.09 | 69.58 | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/09 | 356 | 113,325 | 94.24 |
|
Report Date :
3/1/2010
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