Company: NC
Filing Date: 2025-04-07
Form Type: ARS
Source: 0000789933-25-000013
Chunk: 142

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-07
Form: ARS
Chunk 142
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,081 Investments in unconsolidated subsidiaries 14,137 12,371 Operating lease right-of-use assets 9,661 8,667 Equity securities 18,663 17,208 Equity method investment in Eiger, LLC 19,147 2,800 Other non-current assets 25,768 21,675 Total assets $ 631,687 $ 539,708 LIABILITIES AND EQUITY Current liabilities Accounts payable $ 17,721 $ 16,702 Accounts payable to affiliates 1,826 904 Revolving credit agreements — 10,000 Current maturities of long-term debt 4,179 3,953 Asset retirement obligations 9,747 13,114 Accrued payroll 22,663 17,317 Other current liabilities 8,752 7,996 Total current liabilities 64,888 69,986 Long-term debt 25,335 22,003 Long-term revolving credit agreement 70,000 — Operating lease liabilities 9,042 8,782 Asset retirement obligations 39,780 39,499 Pension and other postretirement obligations 4,787 5,183 Liability for uncertain tax positions 794 5,795 Other long-term liabilities 12,114 6,120 Total liabilities 226,740 157,368 Stockholders’ equity Common stock: Class A, par value $1 per share, 5,730,470 shares outstanding (2023 - 5,882,845 shares outstanding) 5,730 5,883 Class B, par value $1 per share, convertible into Class A on a one-for-one basis, 1,565,359 shares outstanding (2023 - 1,565,819 shares outstanding) 1,566 1,566 Capital in excess of par value 34,340 28,672 Retained earnings 373,363 355,873 Accumulated other comprehensive loss (10,052) (9,654) Total stockholders’ equity 404,947 382,340 Total liabilities and equity $ 631,687 $ 539,708 See notes to the Consolidated Financial Statements. F-8

NACCO INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS Year Ended December 31 2024 2023 (In thousands) Operating Activities Net income (loss) $ 33,741 $ (39,587) Adjustments to reconcile