Company: NC
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000789933-25-000023
Chunk: 26

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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Expenditures for property, plant and equipment and acquisition of mineral interestsCoal Mining$617 $1,794 NAMining6,754 5,818 Minerals Management807 136 Unallocated Items630 6,735 Total$8,808 $14,483 Depreciation, depletion and amortizationCoal Mining$2,018 $2,214 NAMining2,702 2,256 Minerals Management1,908 993 Unallocated Items165 229 Total$6,793 $5,692 March 312025December 312024 Total assetsCoal Mining$116,649 $125,301 NAMining210,990 204,889 Minerals Management99,702 99,905 Unallocated Items**206,846 201,592 Total$634,187 $631,687 **Unallocated Items consist primarily of Cash and cash equivalents, assets of growth businesses, Deferred income taxes and Investments in unconsolidated subsidiaries.

NOTE 8—Contingencies

Various legal and regulatory proceedings and claims have been or may be asserted against NACCO and certain subsidiaries relating to the conduct of their businesses. These proceedings and claims are incidental to the ordinary course of our business. Management believes that it has meritorious defenses and will vigorously defend us in these actions. Any costs that management estimates will be paid as a result of these claims are accrued when the liability is considered probable and the amount can be reasonably estimated. If a range of amounts can be reasonably estimated and no amount within the range is a better estimate than any other amount, then the minimum of the range is accrued. We do not accrue liabilities when the likelihood that the liability has been incurred is probable but the amount cannot be reasonably estimated or when the liability is believed to be only reasonably possible or remote. For contingencies where an unfavorable outcome is probable or reasonably possible and which are material, we disclose the nature of the contingency and, in some circumstances, an estimate of the possible loss. These matters are subject to inherent uncertainties, and unfavorable rulings could occur. If an unfavorable ruling were to occur, there exists the possibility of an adverse impact on our financial position, results of operations and cash flows of the period in which the ruling occurs, or in future periods.

16

Item 2. - Management's Discussion and Analysis of Financial Condition and Results of Operations 

(Amounts in thousands, except as noted and per share data)