XML 45 R33.htm IDEA: XBRL DOCUMENT v3.7.0.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2017
Long-term Purchase Commitment [Table Text Block]
At March 31, 2017, 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 of total future payments that the Company 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 in 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
$
84,086

 
$
64,783

 
$
19,303

 
$

 
$

Environmental
998

 
398

 
600

 

 

Other
248,238

 
247,266

 
972

 

 

Total Letters of Credit
333,322

 
312,447

 
20,875

 

 

Surety Bonds:
 
 
 
 
 
 
 
 
 
Employee-Related
112,560

 
79,680

 
32,880

 

 

Environmental
516,349

 
475,312

 
41,037

 

 

Other
20,179

 
19,275

 
903

 
1

 

Total Surety Bonds
649,088

 
574,267

 
74,820

 
1

 

Guarantees:
 
 
 
 
 
 
 
 
 
Other
41,554

 
10,737

 
17,067

 
12,821

 
929

Total Guarantees
41,554

 
10,737

 
17,067

 
12,821

 
929

Total Commitments
$
1,023,964

 
$
897,451

 
$
112,762

 
$
12,822

 
$
929


Unrecorded Unconditional Purchase Obligations Disclosure
ONSOL Energy and CNX Gas Company 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 Sheets. As of March 31, 2017, the purchase obligations for each of the next five years and beyond were as follows:
 
Obligations Due
Amount
Less than 1 year
$
204,580

1 - 3 years
280,593

3 - 5 years
243,595

More than 5 years
598,135

Total Purchase Obligations
$
1,326,903