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SCHEDULE I CONDENSED FINANCIAL INFORMATION OF REGISTRANT

12 Months Ended

Dec. 31, 2021

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF REGISTRANT

ALLIANCE RESOURCE PARTNERS, L.P.

CONDENSED BALANCE SHEETS (PARENT)

DECEMBER 31, 2021 AND 2020

(In thousands, except unit data)


		December 31,
		2021			2020
ASSETS
CURRENT ASSETS:
Cash and cash equivalents		$	2,173		$	2,174
Total current assets			2,173			2,174
OTHER ASSETS:
Investments in consolidated subsidiaries			1,277,110			1,146,491
Total other assets			1,277,110			1,146,491
TOTAL ASSETS		$	1,279,283		$	1,148,665

LIABILITIES AND PARTNERS' CAPITAL
CURRENT LIABILITIES:
Accrued taxes other than income taxes		$	100		$	100
Total current liabilities			100			100
Total liabilities			100			100

PARTNERS' CAPITAL:
Limited Partners - Common Unitholders 127,195,219 units outstanding			1,279,183			1,148,565
TOTAL LIABILITIES AND PARTNERS' CAPITAL		$	1,279,283		$	1,148,665

See accompanying notes.

CONDENSED STATEMENTS OF OPERATIONS (PARENT)

FOR THE YEARS ENDED DECEMBER 31, 2021, 2020 AND 2019

(In thousands, except unit and per unit data)


		Year Ended December 31,
		2021			2020			2019
EXPENSES:
General and administrative		$	—		$	—		$	41
Total operating expenses			—			—			41

INCOME (LOSS) FROM OPERATIONS			—			—			(41)

Interest income			—			24			34
Equity in earnings of consolidated subsidiaries			178,157			(129,244)			399,421
NET INCOME (LOSS) ATTRIBUTABLE TO ARLP		$	178,157		$	(129,220)		$	399,414

EARNINGS PER LIMITED PARTNER UNIT - BASIC AND DILUTED		$	1.36		$	(1.02)		$	3.07

WEIGHTED-AVERAGE NUMBER OF UNITS OUTSTANDING – BASIC AND DILUTED			127,195,219			127,164,659			128,116,670

See accompanying notes.

CONDENSED STATEMENTS OF CASH FLOWS (PARENT)

FOR THE YEARS ENDED DECEMBER 31, 2021, 2020 AND 2019

(In thousands)


		Year Ended December 31,
		2021			2020			2019

CASH FLOWS FROM OPERATING ACTIVITIES:		$	52,157		$	51,751		$	278,308

CASH FLOWS FROM FINANCING ACTIVITIES:
Distributions paid to Partners			(52,158)			(51,753)			(278,425)
Net cash used in financing activities			(52,158)			(51,753)			(278,425)
NET CHANGE IN CASH AND CASH EQUIVALENTS			(1)			(2)			(117)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD			2,174			2,176			2,293
CASH AND CASH EQUIVALENTS AT END OF PERIOD		$	2,173		$	2,174		$	2,176

See accompanying notes.

NOTES TO FINANCIAL INFORMATION (PARENT)

1.BASIS OF PRESENTATION

In these parent-company-only financial statements, our investment in consolidated subsidiaries is stated at cost plus equity in undistributed earnings of subsidiaries and reduced by distributions received from subsidiaries since the date of acquisition. These parent-company-only financial statements should be read in conjunction with our consolidated financial statements in "Item 8. Financial Statements and Supplementary Data" of this Annual Report on Form 10-K.

2.GUARANTEES

As the parent of the Intermediate Partnership, we are a guarantor of both the Credit Agreement and Senior Notes discussed in "Item 8. Financial Statements and Supplementary Data—Note 8 – Long-Term Debt" of this Annual Report on Form 10-K. In addition to these guarantees, we have provided guarantees on surety indemnity agreements and financially guaranteed certain coal supply agreements. The duration of these guarantees varies. The maximum undiscounted potential future payment obligation for our guarantees of certain coal supply agreements as of December 31, 2021 is approximately $146.7 million as a result of elevated market prices. These guarantees provide for compensation to customers based on additional cost to the customer to replace any contracted tons that our subsidiaries fail to deliver. We do not expect to make any payments under these guarantees.

3.CASH DISTRIBUTIONS RECEIVED

We received distributions of $52.2 million, $51.8 million and $278.4 million from our consolidated subsidiaries during the years ended December 31, 2021, 2020, and 2019, respectively.