METCB FY 2023 Earnings Report — Ramaco Resources, Inc. Revenue & Financial Results | Market Cap Arena

Ramaco Resources, Inc.METCB

FY 2023 Earnings

Reported December 30, 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	$694M	—	$566M	—	22.6%
Op. Income	$95M	—	$150M	—	-36.7%
Gross Margin	28.8%	—	33.7%	—	-4.9pp
Net Margin	11.9%	—	20.5%	—	-8.6pp
EPS (Diluted)	$1.02	—	$1.54	—	-33.5%
Free Cash Flow	$78M	—	$65M	—	20.5%

Revenue Flow

Item	Amount
REVENUE	$694M
Cost of Revenue	$494M
GROSS PROFIT	$200M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$49M
Other Expenses	$56M
Operating Expenses	$104M
Cost & Expenses	$598M
OPERATING INCOME	$95M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	$9M
INCOME BEFORE TAX	$105M
Income Tax Expense	$22M
Net Income from Continuing Ops	$82M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$82M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$82M
D&A	$56M
EBIT	$114M
EBITDA	$169M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$694M
Cost of Revenue	$494M
GROSS PROFIT	$200M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$49M
Other Expenses	$56M
Operating Expenses	$104M
Cost & Expenses	$598M
OPERATING INCOME	$95M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	$9M
INCOME BEFORE TAX	$105M
Income Tax Expense	$22M
Net Income from Continuing Ops	$82M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$82M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$82M
D&A	$56M
EBIT	$114M
EBITDA	$169M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$82M
Depreciation & Amortization	$39M
Stock-Based Compensation	$13M
Deferred Income Tax	$19M
Other Non-Cash Items	$7M
Change in Working Capital	$865.0K
OPERATING CASH FLOW	$161M
Capital Expenditure	-$83M
Acquisitions (Net)	$1M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$10M
NET CASH FROM INVESTING	-$72M
Net Debt Issuance	-$44M
Common Stock Repurchased	$0
Common Dividends Paid	-$26M
Other Financing Activities	-$13M
NET CASH FROM FINANCING	-$83M
FREE CASH FLOW	$78M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$42M
Short-Term Investments	$800.0K
Net Receivables	$97M
Inventory	$37M
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$190M
PP&E (Net)	$469M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$15M
Other Non-Current Assets	-$8M
TOTAL NON-CURRENT ASSETS	$476M
TOTAL ASSETS	$666M
Account Payables	$52M
Short-Term Debt	$57M
Deferred Revenue	$0
Other Current Liabilities	$4M
TOTAL CURRENT LIABILITIES	$170M
Long-Term Debt	$34M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$54M
Other Non-Current Liabilities	$33M
TOTAL NON-CURRENT LIABILITIES	$126M
TOTAL LIABILITIES	$296M
Common Stock	$528.0K
Additional Paid-In Capital	$277M
Retained Earnings	$92M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$370M
Minority Interest	$0
TOTAL EQUITY	$370M
TOTAL LIABILITIES & EQUITY	$666M
Total Debt	$101M
Net Debt	$59M