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SCHEDULE I CONDENSED FINANCIAL INFORMATION OF REGISTRANT

12 Months Ended

Dec. 31, 2023

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, 2023 AND 2022

(In thousands, except unit data)

​

​	​	​	​	​	​	​	​
​	​	December 31,					​
​	​	2023			2022*		​
ASSETS		​	​	​	​	​
CURRENT ASSETS:	​	​	​	​	​	​	​
Cash and cash equivalents	​	$	2,043	​	$	2,174	​
Total current assets	​		2,043	​		2,174	​
OTHER ASSETS:	​	​	​	​	​	​	​
Investments in consolidated subsidiaries	​		1,894,158	​		1,720,499	​
Total other assets	​		1,894,158	​		1,720,499	​
TOTAL ASSETS	​	$	1,896,201	​	$	1,722,673	​
​	​	​	​	​	​	​	​
LIABILITIES AND PARTNERS' CAPITAL	​	​	​	​	​	​	​
CURRENT LIABILITIES:	​	​	​	​	​	​	​
Accrued taxes other than income taxes	​	$	174	​	$	100	​
Total current liabilities	​		174	​		100	​
Total liabilities	​		174	​		100	​
​	​	​	​	​	​	​	​
PARTNERS' CAPITAL:	​	​	​	​	​	​	​
Limited Partners - Common Unitholders 127,125,437 and 127,195,219 units outstanding, respectively	​		1,896,027	​		1,656,025	​
General Partner's interest	​		—	​		66,548	​
Total Partners' Capital	​	​	1,896,027	​	​	1,722,573	​
TOTAL LIABILITIES AND PARTNERS' CAPITAL	​	$	1,896,201	​	$	1,722,673	​

* Recast as discussed in "Item 8. Financial Statements and Supplementary Data—Note 1 – Organization and Presentation" of this Annual Report on Form 10-K.

See accompanying notes.

​

CONDENSED STATEMENTS OF OPERATIONS (PARENT)

FOR THE YEARS ENDED DECEMBER 31, 2023, 2022 AND 2021

(In thousands, except unit and per unit data)

​

​	​	​	​	​	​	​	​	​	​	​
​	​	Year Ended December 31,
​		2023			2022*			2021*
EXPENSES:	​	​	​	​	​	​	​	​	​	​
General and administrative	​	$	151	​	$	—	​	$	—	​
Total operating expenses	​		151	​		—	​		—	​
​	​	​	​	​	​	​	​	​	​	​
LOSS FROM OPERATIONS	​		(151)	​		—	​		—	​
​	​	​	​	​	​	​	​	​	​	​
Interest income	​	​	57	​	​	—	​	​	—	​
Equity in earnings of consolidated subsidiaries	​		630,212	​		586,200	​		182,771	​
NET INCOME ATTRIBUTABLE TO ARLP	​	$	630,118	​	$	586,200	​	$	182,771	​
​	​	​	​	​	​	​	​	​	​	​
NET INCOME ATTRIBUTABLE TO ARLP	​	​	​	​	​	​	​	​	​	​
GENERAL PARTNER	​	$	1,384	​	$	9,010	​	$	4,614	​
LIMITED PARTNERS	​	$	628,734	​	$	577,190	​	$	178,157	​
​	​	​	​	​	​	​	​	​	​	​
EARNINGS PER LIMITED PARTNER UNIT - BASIC AND DILUTED	​	$	4.81	​	$	4.39	​	$	1.36	​
​	​	​	​	​	​	​	​	​	​	​
WEIGHTED-AVERAGE NUMBER OF UNITS OUTSTANDING – BASIC AND DILUTED	​		127,180,312	​		127,195,219	​		127,195,219	​

* Recast as discussed in "Item 8. Financial Statements and Supplementary Data—Note 1 – Organization and Presentation" of this Annual Report on Form 10-K.

See accompanying notes.

​

CONDENSED STATEMENTS OF CASH FLOWS (PARENT)

FOR THE YEARS ENDED DECEMBER 31, 2023, 2022 AND 2021

(In thousands)

​

​	​	​	​	​	​	​	​	​	​	​
​	​	Year Ended December 31,								​
​		2023			2022*			2021*
​	​	​	​	​	​	​	​	​	​	​
CASH FLOWS FROM OPERATING ACTIVITIES:	​	$	364,448	​	$	196,348	​	$	52,157	​
​	​	​	​	​	​	​	​	​	​	​
CASH FLOWS FROM FINANCING ACTIVITIES:	​	​	​	​	​	​	​	​	​	​
Distributions paid to Partners	​	​	(364,579)	​		(196,347)	​		(52,158)	​
Net cash used in financing activities	​		(364,579)	​		(196,347)	​		(52,158)	​
NET CHANGE IN CASH AND CASH EQUIVALENTS	​		(131)	​		1	​		(1)	​
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	​		2,174	​		2,173	​		2,174	​
CASH AND CASH EQUIVALENTS AT END OF PERIOD	​	$	2,043	​	$	2,174	​	$	2,173	​

* Recast as discussed in "Item 8. Financial Statements and Supplementary Data—Note 1 – Organization and Presentation" of this Annual Report on Form 10-K.

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 have been recast as a result of the JC Resources Acquisition as discussed in "Item 8. Financial Statements and Supplementary Data—Note 1 – Organization and Presentation" of this Annual Report on Form 10-K.  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 Alliance Coal and the Intermediate Partnership, ARLP is a guarantor of the Credit Facility and the Senior Notes discussed in "Item 8. Financial Statements and Supplementary Data—Note 6 – Long-Term Debt" of this Annual Report on Form 10-K.  In addition to these guarantees, ARLP has 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, 2023 is approximately $75.1 million.  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 $364.6 million, $196.3 million and $52.2 million from our consolidated subsidiaries during the years ended December 31, 2023, 2022, and 2021, respectively.

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The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
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-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
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-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.5-04(Schedule I))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6

Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 810
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-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481231/810-10-45-11

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