CNR FY 2023 Earnings Report — Core Natural Resources, Inc. Revenue & Financial Results | Market Cap Arena

Core Natural Resources, Inc.CNR

FY 2023 Earnings

Reported December 31, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$2.5B	—	$2.3B	—	9.9%
Op. Income	$748M	—	$805M	—	-7.1%
Gross Margin	78.6%	—	82.0%	—	-3.4pp
Net Margin	26.2%	—	20.5%	—	5.7pp
EPS (Diluted)	$19.79	—	$13.07	—	51.4%
Free Cash Flow	$690M	—	$479M	—	43.9%

Revenue Flow

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$535M
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$103M
SG&A Expenses	$103M
Other Expenses	$1.1B
Operating Expenses	$1.2B
Cost & Expenses	$1.8B
OPERATING INCOME	$748M
Interest Income	$14M
Interest Expense	$29M
Other Income/Expenses	$30M
INCOME BEFORE TAX	$778M
Income Tax Expense	$122M
Net Income from Continuing Ops	$656M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$656M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$656M
D&A	$241M
EBIT	$807M
EBITDA	$1.0B
EPS	$20
EPS Diluted	$20

Income Statement

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$535M
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$103M
SG&A Expenses	$103M
Other Expenses	$1.1B
Operating Expenses	$1.2B
Cost & Expenses	$1.8B
OPERATING INCOME	$748M
Interest Income	$14M
Interest Expense	$29M
Other Income/Expenses	$30M
INCOME BEFORE TAX	$778M
Income Tax Expense	$122M
Net Income from Continuing Ops	$656M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$656M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$656M
D&A	$241M
EBIT	$807M
EBITDA	$1.0B
EPS	$20
EPS Diluted	$20

Cash Flow Statement

Item	Amount
Net Income	$656M
Depreciation & Amortization	$0
Stock-Based Compensation	$10M
Deferred Income Tax	$14M
Other Non-Cash Items	$237M
Change in Working Capital	-$59M
OPERATING CASH FLOW	$858M
Capital Expenditure	-$168M
Acquisitions (Net)	$0
Purchases of Investments	-$201M
Sales/Maturities of Investments	$123M
Other Investing Activities	-$13M
NET CASH FROM INVESTING	-$259M
Net Debt Issuance	-$192M
Common Stock Repurchased	-$399M
Common Dividends Paid	-$75M
Other Financing Activities	-$16M
NET CASH FROM FINANCING	-$682M
FREE CASH FLOW	$690M
Net Change in Cash	-$84M

Balance Sheet

Item	Amount
Cash & Equivalents	$199M
Short-Term Investments	$82M
Net Receivables	$160M
Inventory	$88M
Other Current Assets	$71M
TOTAL CURRENT ASSETS	$601M
PP&E (Net)	$1.9B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$156M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$2.7B
Account Payables	$137M
Short-Term Debt	$11M
Deferred Revenue	$10M
Other Current Liabilities	$137M
TOTAL CURRENT LIABILITIES	$444M
Long-Term Debt	$182M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$36M
Other Non-Current Liabilities	$655M
TOTAL NON-CURRENT LIABILITIES	$888M
TOTAL LIABILITIES	$1.3B
Common Stock	$299.0K
Additional Paid-In Capital	$548M
Retained Earnings	$944M
Treasury Stock	$0
Accum. Other Comp. Income	-$149M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$2.7B
Total Debt	$212M
Net Debt	$13M