XML 52 R40.htm IDEA: XBRL DOCUMENT

SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2022


	Coal Operations				Royalties				Other,
	Illinois								Corporate and
	Basin		Appalachia		Oil & Gas		Coal		Elimination		Consolidated

	(in thousands)
Three Months Ended September 30, 2022

Revenues - Outside	$	335,234	$	245,724	$	37,572	$	—	$	9,890	$	628,420
Revenues - Intercompany		—		—		—		16,708		(16,708)		—
Total revenues (1)		335,234		245,724		37,572		16,708		(6,818)		628,420

Segment Adjusted EBITDA Expense (2)		194,967		134,672		3,531		5,545		(8,609)		330,106
Segment Adjusted EBITDA (3)		120,760		102,012		35,783		11,163		1,792		271,510
Capital expenditures		39,529		17,780		—		40,033		1,962		99,304

Three Months Ended September 30, 2021

Revenues - Outside	$	231,093	$	154,944	$	21,191	$	—	$	8,211	$	415,439
Revenues - Intercompany		—		—		—		13,456		(13,456)		—
Total revenues (1)		231,093		154,944		21,191		13,456		(5,245)		415,439

Segment Adjusted EBITDA Expense (2)		149,666		92,312		2,639		4,258		(9,525)		239,350
Segment Adjusted EBITDA (3)		69,305		52,726		19,080		9,198		4,280		154,589
Capital expenditures		19,081		12,531		—		30		1,393		33,035

Nine Months Ended September 30, 2022

Revenues - Outside	$	923,427	$	646,705	$	105,112	$	—	$	30,540	$	1,705,784
Revenues - Intercompany		—		—		—		46,400		(46,400)		—
Total revenues (1)		923,427		646,705		105,112		46,400		(15,860)		1,705,784

Segment Adjusted EBITDA Expense (2)		567,253		335,756		9,766		15,762		(21,177)		907,360
Segment Adjusted EBITDA (3)		296,327		277,492		98,944		30,638		5,317		708,718
Total assets		731,441		428,000		689,874		325,498		329,569		2,504,381
Capital expenditures		111,419		58,616		—		40,033		11,218		221,286

Nine Months Ended September 30, 2021

Revenues - Outside	$	640,260	$	384,286	$	52,798	$	—	$	19,160	$	1,096,504
Revenues - Intercompany		—		—		—		36,410		(36,410)		—
Total revenues (1)		640,260		384,286		52,798		36,410		(17,250)		1,096,504

Segment Adjusted EBITDA Expense (2)		415,423		240,494		7,116		13,157		(24,619)		651,571
Segment Adjusted EBITDA (3)		197,601		125,873		46,405		23,253		7,370		400,502
Total assets		703,060		422,504		601,695		289,100		132,616		2,148,975
Capital expenditures		47,997		34,579		—		30		6,055		88,661

(1)	Revenues included in the Other, Corporate and Elimination column are attributable to intercompany eliminations, which are primarily intercompany coal royalty eliminations, outside revenues at the Matrix Group and other outside miscellaneous sales and revenue activities.

(2)	Segment Adjusted EBITDA Expense includes operating expenses, coal purchases and other income. Transportation expenses are excluded as transportation revenues are recognized in an amount equal to transportation expenses when title passes to the customer.

Reconciliation of consolidated Segment Adjusted EBITDA Expense to operating expenses (excluding depreciation, depletion and amortization)


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021

	(in thousands)
Segment Adjusted EBITDA Expense	$	330,106	$	239,350	$	907,360	$	651,571
Outside coal purchases		—		(6,065)		(151)		(6,179)
Other income (expense)		192		(84)		1,337		(2,632)
Operating expenses (excluding depreciation, depletion and amortization)	$	330,298	$	233,201	$	908,546	$	642,760

Reconciliation of consolidated Segment Adjusted EBITDA to net income


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021

	(in thousands)
Consolidated Segment Adjusted EBITDA	$	271,510	$	154,589	$	708,718	$	400,502
General and administrative		(21,341)		(18,655)		(62,394)		(51,651)
Depreciation, depletion and amortization		(70,143)		(68,763)		(200,191)		(192,698)
Interest expense, net		(8,819)		(9,389)		(27,750)		(29,595)
Income tax expense		(6,600)		(234)		(55,646)		(227)
Net income attributable to ARLP	$	164,607	$	57,548	$	362,737	$	126,331
Noncontrolling interest		364		176		977		384
Net income	$	164,971	$	57,724	$	363,714	$	126,715