Company: NC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000789933-25-000041
Chunk: 38

Company: NACCO INDUSTRIES INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 assets, net5,068  5,475  (407)Net assets534,328  530,270  4,058 Total debt(95,506) (99,514) 4,008 Bellaire closed mine obligations(25,702) (25,809) 107 Total equity$413,120  $404,947  $8,173 Debt to total capitalization19% 20% (1)%

The increase in other net tangible assets at June 30, 2025 compared with December 31, 2024 was mainly the result of:

•An increase in Prepaid insurance due to the timing of payments;

•A decrease in Accrued payroll for payments made during the first six months of 2025 related to our incentive compensation plans; and

•An increase in Deposits with vendors.

These changes were partially offset by a decrease in Trade accounts receivable during the first six months of 2025 due to the timing of payments. 

Contractual Obligations, Contingent Liabilities and Commitments

Since December 31, 2024, other than the changes identified above, there have been no significant changes in the total amount of NACCO's contractual obligations, contingent liabilities or commercial commitments, or the timing of cash flows in accordance with those obligations as reported on pages 56 and 57 in our Annual Report on Form 10-K for the year ended 

21

December 31, 2024. See Note 6 to the Unaudited Condensed Consolidated Financial Statements for a discussion of certain guarantees related to Coyote Creek.

SEGMENT RESULTS

UTILITY COAL MINING SEGMENT

FINANCIAL REVIEW

Tons of coal delivered by the Utility Coal Mining segment were as follows for the three and six months ended June 30:

THREE MONTHSSIX MONTHS 2025 20242025 2024Unconsolidated operations3,736  4,930 9,352  10,410 Consolidated operations890  423 1,481  878 Total tons delivered4,626  5,353 10,833  11,288 

The results of operations for the Utility Coal Mining segment were as follows for the three and six months ended June 30:

THREE MONTHSSIX MONTHS 2025 20242025 2024Revenues $28,626