Company: NC
Filing Date: 2025-04-07
Form Type: ARS
Source: 0000789933-25-000013
Chunk: 143

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-07
Form: ARS
Chunk 143
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 net income to net cash provided by operating activities: Depreciation, depletion and amortization 24,652 29,387 Amortization of deferred financing fees 619 505 Deferred income taxes 1,517 (21,114) Stock-based compensation 5,832 5,157 (Gain) loss on sale of assets (5,146) 221 Inventory impairment charges 9,643 7,514 Long-lived asset impairment charge — 65,887 Other (3,971) 968 Working capital changes: Accounts receivable (11,725) 2,519 Inventories (27,250) (12,971) Other current assets (8,677) (1,904) Accounts payable 1,955 3,148 Income taxes receivable/payable (148) 14,996 Other current liabilities 1,247 (236) Net cash provided by operating activities 22,289 54,490 Investing Activities Expenditures for property, plant and equipment (54,706) (45,408) Acquisition of mineral interests (713) (36,714) Proceeds from the sale of assets 822 561 Equity method investment (16,556) (3,464) Proceeds from the sale of private company equity units — 3,574 Other (139) (146) Net cash used for investing activities (71,292) (81,597) Financing Activities Net additions to revolving credit agreement 60,000 10,000 Additions to long-term debt 624 5,232 Reductions to long-term debt (4,914) (4,209) Debt issuance costs (2,415) — Cash dividends paid (6,624) (6,452) Purchase of treasury shares (9,944) (3,103) Net cash provided by financing activities 36,727 1,468 Cash and Cash Equivalents Total decrease for the year (12,276) (25,639) Balance at the beginning of the year 85,109 110,748 Balance at the end of the year $ 72,833 $ 85,109 See notes to the Consolidated Financial Statements. F-9

NACCO INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EQUITY Class A Common Stock Class B Common Stock Capital in Excess of Par Value Retained Earnings Accumulated Other Comprehensive (Loss) Income Total Stockholders' Equity (In thousands, except per share data)