Company: NC
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000789933-25-000023
Chunk: 7

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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Item 1. Financial Statements

NACCO INDUSTRIES, INC. AND SUBSIDIARIES 

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

 MARCH 312025 DECEMBER 312024 (In thousands, except share data)ASSETS Cash and cash equivalents$61,884  $72,833 Trade accounts receivable33,981  49,706 Accounts receivable from affiliates4,391  5,793 Prepaid profit sharing14,490 — Deposits with vendors14,489 9,394 Inventories63,146  94,608 Assets held for sale13,197  14,159 Other current assets21,919  18,245 Total current assets227,497  264,738 Property, plant and equipment, net263,893  259,457 Intangibles, net5,313  5,475 Mining supplies inventory31,177 — Deferred income taxes16,984 14,641 Investments in unconsolidated subsidiaries16,009  14,137 Operating lease right-of-use assets9,267 9,661 Equity securities17,819 18,663 Equity method investment in Eiger, LLC19,701 19,147 Other non-current assets26,527  25,768 Total assets$634,187  $631,687 LIABILITIES AND EQUITY Accounts payable$14,564  $17,721 Accounts payable to affiliates1,817  1,826 Current maturities of long-term debt4,634  4,179 Asset retirement obligations9,696  9,747 Accrued payroll11,913  22,663 Excess funding liability14,490 — Other current liabilities9,445  8,752 Total current liabilities66,559  64,888 Long-term debt26,193  25,335 Long-term revolving credit agreements65,000 70,000 Operating lease liabilities8,603 9,042 Asset retirement obligations40,240  39,780 Pension and other postretirement obligations4,735  4,787 Other long-term liabilities13,740  12,908 Total liabilities225,070  226,740 Stockholders