v2.4.0.8
Commitments and Contingencies (Tables)
3 Months Ended
Jun. 30, 2013
Long-term Purchase Commitment [Table Text Block]
At June 30, 2013, CONSOL Energy has provided the following financial guarantees, unconditional purchase obligations and letters of credit to certain third parties, as described by major category in the following table. These amounts represent the maximum potential total of future payments that we could be required to make under these instruments. These amounts have not been reduced for potential recoveries under recourse or collateralization provisions. Generally, recoveries under reclamation bonds would be limited to the extent of the work performed at the time of the default. No amounts related to these financial guarantees and letters of credit are recorded as liabilities on the financial statements. CONSOL Energy management believes that these guarantees will expire without being funded, and therefore the commitments will not have a material adverse effect on financial condition.
 
Amount of Commitment
Expiration Per Period
 
Total
Amounts
Committed
 
Less Than
1  Year
 
1-3 Years
 
3-5 Years
 
Beyond
5  Years
Letters of Credit:
 
 
 
 
 
 
 
 
 
Employee-Related
$
190,157

 
$
95,847

 
$
94,310

 
$

 
$

Environmental
56,294

 
54,566

 
1,728

 

 

Other
83,246

 
31,015

 
52,231

 

 

Total Letters of Credit
329,697

 
181,428

 
148,269

 

 

Surety Bonds:
 
 
 
 
 
 
 
 
 
Employee-Related
204,884

 
194,884

 
10,000

 

 

Environmental
533,725

 
527,938

 
5,787

 

 

Other
30,946

 
30,935

 
10

 

 
1

Total Surety Bonds
769,555

 
753,757

 
15,797

 

 
1

Total Commitments
$
1,099,252

 
$
935,185

 
$
164,066

 
$

 
$
1

Unrecorded Unconditional Purchase Obligations Disclosure
CONSOL Energy and CNX Gas enter into long-term unconditional purchase obligations to procure major equipment purchases, natural gas firm transportation, gas drilling services and other operating goods and services. These purchase obligations are not recorded on the Consolidated Balance Sheet. As of June 30, 2013, the purchase obligations for each of the next five years and beyond were as follows:
 
Obligations Due
Amount
Less than 1 year
$
258,380

1 - 3 years
164,240

3 - 5 years
131,751

More than 5 years
405,934

Total Purchase Obligations
$
960,305

Supply Commitment [Table Text Block]
Costs related to these purchase obligations include:
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
 
June 30,
 
June 30,
 
 
 
 
2013
 
2012
 
2013
 
2012
Major equipment purchases
 
 
 
$
15,116

 
$
31,989

 
$
48,542

 
$
45,175

Firm transportation expense
 
 
 
31,017

 
15,822

 
59,542

 
30,867

Gas drilling obligations
 
 
 
25,904

 
28,517

 
54,768

 
58,093

Other
 
 
 

 
129

 

 
427

Total costs related to purchase obligations
 
 
 
$
72,037

 
$
76,457

 
$
162,852

 
$
134,562