ARLP Q3 2017 Earnings Report — Alliance Resource Partners, L.P. Revenue & Financial Results | Market Cap Arena

Alliance Resource Partners, L.P.ARLP

Q3 2017 Earnings

Reported November 6, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2017	Q2 2017	Q3 2016	QoQ Change	YoY Change
Revenue	$453M	$399M	$552M	13.7%	-17.9%
Op. Income	$66M	$80M	$96M	-17.4%	-31.9%
Gross Margin	17.8%	23.7%	20.7%	-5.9pp	-2.9pp
Net Margin	13.1%	15.4%	12.2%	-2.3pp	0.9pp
EPS (Diluted)	$0.52	$0.82	$0.91	-36.6%	-42.9%
Free Cash Flow	$133M	$82M	$261M	61.6%	-49.1%

Revenue Flow

Item	Amount
REVENUE	$453M
Cost of Revenue	$372M
GROSS PROFIT	$81M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$15M
SG&A Expenses	$15M
Other Expenses	$0
Operating Expenses	$15M
Cost & Expenses	$387M
OPERATING INCOME	$66M
Interest Income	$4.0K
Interest Expense	$11M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$61M
Income Tax Expense	$5.0K
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$2M
Other Adjustments	-$1M
NET INCOME	$60M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$60M
D&A	$70M
EBIT	$72M
EBITDA	$142M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$453M
Cost of Revenue	$372M
GROSS PROFIT	$81M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$15M
SG&A Expenses	$15M
Other Expenses	$0
Operating Expenses	$15M
Cost & Expenses	$387M
OPERATING INCOME	$66M
Interest Income	$4.0K
Interest Expense	$11M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$61M
Income Tax Expense	$5.0K
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$2M
Other Adjustments	-$1M
NET INCOME	$60M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$60M
D&A	$70M
EBIT	$72M
EBITDA	$142M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$60M
Depreciation & Amortization	$70M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$41M
Change in Working Capital	$0
OPERATING CASH FLOW	$171M
Capital Expenditure	-$38M
Acquisitions (Net)	$948.0K
Purchases of Investments	-$104M
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$139M
Net Debt Issuance	$16M
Common Stock Repurchased	$0
Common Dividends Paid	-$67M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$53M
FREE CASH FLOW	$133M
Net Change in Cash	$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$18M
Short-Term Investments	$0
Net Receivables	$130M
Inventory	$88M
Other Current Assets	$10M
TOTAL CURRENT ASSETS	$248M
PP&E (Net)	$1.5B
Goodwill	$136M
Intangible Assets	$0
Long-Term Investments	$247M
Tax Assets	$0
Other Non-Current Assets	$74M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$2.2B
Account Payables	$74M
Short-Term Debt	$128M
Deferred Revenue	$0
Other Current Liabilities	$61M
TOTAL CURRENT LIABILITIES	$304M
Long-Term Debt	$385M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$298M
TOTAL NON-CURRENT LIABILITIES	$747M
TOTAL LIABILITIES	$1.1B
Common Stock	$1.2B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$38M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$5M
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$578M
Net Debt	$560M