XML 60 R35.htm IDEA: XBRL DOCUMENT v3.22.4
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The table below sets forth the share-based awards that have been excluded from the computation of diluted earnings per share because their effect would be anti-dilutive:
For the Years Ended December 31,
 202220212020
Anti-Dilutive Options2,262,845 2,990,094 4,200,509 
Anti-Dilutive Restricted Stock Units2,350,661 2,436,846 2,160,727 
Anti-Dilutive Performance Share Units1,829,081 996,863 721,244 
6,442,587 6,423,803 7,082,480 
Schedule of Earnings Per Share, Basic and Diluted
The computations for basic and diluted loss per share are as follows:
For the Years Ended December 31,
 202220212020
Net Loss$(142,077)$(498,643)$(428,744)
Less: Net Income Attributable to Non-Controlling Interest— — 55,031 
Net Loss Attributable to CNX Resources Shareholders$(142,077)$(498,643)$(483,775)
Effect of Dilutive Securities:
Add Back Interest on Convertible Notes (Net of Tax)— — — 
Diluted Earnings Available to Shareholders$(142,077)$(498,643)$(483,775)
Weighted-Average Shares of Common Stock Outstanding189,507,682 215,971,381 199,225,441 
Effect of Diluted Shares:*
Options— — — 
Restricted Stock Units— — — 
Performance Share Units— — — 
Convertible Notes— — — 
Weighted-Average Diluted Shares of Common Stock Outstanding189,507,682 215,971,381 199,225,441 
Loss Per Share:
Basic$(0.75)$(2.31)$(2.43)
Diluted$(0.75)$(2.31)$(2.43)
*During periods in which the Company incurs a net loss, diluted weighted average shares outstanding are equal to basic weighted average shares outstanding because the effect of all equity awards and the potential share settlement impact related to CNX’s Convertible Notes are antidilutive.
Schedule of Shares of Common Stock Outstanding
Shares of common stock outstanding were as follows:
For the Years Ended December 31,
 202220212020
Balance, Beginning of Year203,531,320 220,440,993 186,642,962 
Issuance Related to Stock-Based Compensation (1)836,070 1,374,925 882,335 
Retirement of Common Stock (2)(33,526,226)(18,284,598)(4,138,527)
Issuance Related to CNXM Merger— — 37,054,223 
Balance, End of Year170,841,164 203,531,320 220,440,993 
(1) See Note 15 – Stock-Based Compensation for additional information.
(2) See Note 5 – Stock Repurchase for additional information.