Core Natural Resources (CNR) Financials

$74.22 +3.03 (+4.26%)

As of 05/2/2025 03:59 PM Eastern

Annual Income Statements for Core Natural Resources

This table shows Core Natural Resources' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	307	41	68	153	76	-9.76	34	467	656	286
Consolidated Net Income / (Loss)	317	50	83	179	94	-13	34	467	656	286
Net Income / (Loss) Continuing Operations	317	50	83	179	94	-13	34	467	656	286
Total Pre-Tax Income	443	65	170	188	98	-9.24	35	568	778	331
Total Operating Income	1,150	79	196	271	111	-75	60	597	754	272
Total Gross Profit	1,422	1,231	1,395	1,531	1,376	879	1,209	2,043	2,507	2,149
Total Revenue	1,422	1,231	1,395	1,531	1,376	879	1,209	2,043	2,507	2,149
Operating Revenue	1,422	1,231	1,395	1,473	1,376	879	1,209	2,043	2,507	2,149
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	272	1,152	1,199	1,260	1,264	954	1,148	1,446	1,753	1,877
Selling, General & Admin Expense	56	927	970	1,012	1,015	740	832	1,066	1,224	1,386
Depreciation Expense	195	178	172	201	207	211	225	227	241	224
Other Operating Expenses / (Income)	20	46	74	44	44	40	104	188	297	274
Other Special Charges / (Income)	-	-	-17	3.36	-2.00	-37	-12	-35	-8.98	-6.94
Total Other Income / (Expense), net	-707	-14	-26	-84	-13	66	-25	-28	24	58
Interest Expense	7.54	14	26	84	66	61	63	53	29	22
Other Income / (Expense), net	-700	-	-	-	53	127	38	24	53	81
Income Tax Expense	126	15	87	8.83	4.54	3.97	1.30	101	122	44
Basic Earnings per Share	$10.98	$1.48	$2.42	$5.48	$2.82	($0.37)	$0.99	$13.41	$19.91	$9.65
Weighted Average Basic Shares Outstanding	-	28M	27.97M	27.93M	25.93M	34.03M	34.48M	34.75M	29.60M	54.02M
Diluted Earnings per Share	$10.98	$1.48	$2.40	$5.38	$2.81	($0.37)	$0.96	$13.07	$19.79	$9.61
Weighted Average Diluted Shares Outstanding	-	28M	27.97M	27.93M	25.93M	34.03M	34.48M	34.75M	29.60M	54.02M
Weighted Average Basic & Diluted Shares Outstanding	-	28M	27.97M	27.93M	25.93M	34.03M	34.48M	34.75M	29.60M	54.02M
Cash Dividends to Common per Share	-	-	-	-	-	$0.00	$0.00	$2.05	$2.20	$0.50

This table shows Core Natural Resources' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	152	193	230	168	101	157	102	58	96	31
Consolidated Net Income / (Loss)	152	193	230	168	101	157	102	58	96	31
Net Income / (Loss) Continuing Operations	152	193	230	168	101	157	102	58	96	31
Total Pre-Tax Income	192	235	272	205	122	179	119	67	113	32
Total Operating Income	198	241	282	212	128	131	124	72	118	-42
Total Gross Profit	530	628	689	661	570	587	565	501	575	508
Total Revenue	530	628	689	661	570	587	565	501	575	508
Operating Revenue	530	628	689	661	570	587	565	501	575	508
Total Operating Expenses	332	387	406	449	441	456	441	429	457	550
Selling, General & Admin Expense	260	278	278	302	314	330	314	309	340	423
Depreciation Expense	55	58	60	65	59	58	57	55	53	58
Other Operating Expenses / (Income)	43	54	69	82	69	77	70	66	63	75
Total Other Income / (Expense), net	-6.82	-6.01	-10	-7.16	-6.65	48	-5.41	-4.99	-4.66	74
Interest Expense	12	13	10	7.16	6.65	5.25	5.41	4.99	4.66	7.13
Income Tax Expense	39	42	42	38	21	22	17	9.03	18	0.83
Basic Earnings per Share	$4.36	$5.56	$6.67	$5.00	$3.15	$5.09	$3.40	$1.96	$3.23	$1.06
Weighted Average Basic Shares Outstanding	34.87M	34.75M	33.92M	31.99M	31.01M	29.60M	29.39M	29.39M	29.39M	54.02M
Diluted Earnings per Share	$4.25	$5.41	$6.55	$4.94	$3.11	$5.19	$3.39	$1.96	$3.22	$1.04
Weighted Average Diluted Shares Outstanding	34.87M	34.75M	33.92M	31.99M	31.01M	29.60M	29.39M	29.39M	29.39M	54.02M
Weighted Average Basic & Diluted Shares Outstanding	34.87M	34.75M	33.92M	31.99M	31.01M	29.60M	29.39M	29.39M	29.39M	54.02M
Cash Dividends to Common per Share	$1.00	$1.05	$1.10	$1.10	$0.00	-	$0.00	$0.00	$0.25	$0.25

This table details how cash moves in and out of Core Natural Resources' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	6.50	6.67	-651	111	-185	-29	147	129	-84	204
Net Cash From Operating Activities	292	329	248	414	245	129	306	651	858	476
Net Cash From Continuing Operating Activities	292	329	248	414	245	129	306	651	858	476
Net Income / (Loss) Continuing Operations	317	50	83	179	94	-13	34	467	656	286
Consolidated Net Income / (Loss)	317	50	83	179	94	-13	34	467	656	286
Depreciation Expense	195	178	172	201	207	211	225	227	241	224
Amortization Expense	-	-	0.98	8.86	6.42	7.45	8.55	8.31	5.47	3.75
Non-Cash Adjustments To Reconcile Net Income	-4.62	7.67	4.87	14	35	-24	-5.10	-17	0.37	1.61
Changes in Operating Assets and Liabilities, net	-216	93	-12	11	-98	-52	43	-34	-45	-39
Net Cash From Investing Activities	-130	-46	-57	-154	-173	-76	-127	-142	-259	-165
Net Cash From Continuing Investing Activities	-130	-46	-57	-154	-173	-76	-127	-142	-259	-165
Purchase of Property, Plant & Equipment	-143	-54	-81	-146	-170	-86	-133	-172	-168	-178
Purchase of Investments	-	-	-	-	-	-	0.00	0.00	-208	-72
Sale of Property, Plant & Equipment	13	7.84	25	2.10	2.20	9.90	14	22	4.26	7.40
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	0.00	123	101
Other Investing Activities, net	-	0.00	0.00	-10	-5.00	-0.23	-8.18	7.79	-10	-24
Net Cash From Financing Activities	-155	-277	-51	-149	-257	-82	-31	-380	-682	-107
Net Cash From Continuing Financing Activities	-155	-277	-843	-149	-257	-82	-31	-380	-682	-107
Repayment of Debt	-22	-0.48	-36	-76	-208	-67	-76	-278	-169	-0.96
Repurchase of Preferred Equity	-	-	-	-	-	-	-	-	-	-3.75
Repurchase of Common Equity	-	0.00	0.00	-26	-33	-	0.00	0.00	-399	-71
Payment of Dividends	-466	-293	-178	-22	-22	-5.58	0.00	-71	-75	-16
Other Financing Activities, net	185	16	-628	-25	-24	-9.84	-30	-31	-38	-16

This table details how cash moves in and out of Core Natural Resources' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	7.99	6.30	-80	-4.17	-27	27	-26	40	113	78
Net Cash From Operating Activities	153	151	249	228	163	219	77	116	161	121
Net Cash From Continuing Operating Activities	153	151	249	228	163	219	77	116	161	121
Net Income / (Loss) Continuing Operations	152	193	230	168	101	157	102	58	96	31
Consolidated Net Income / (Loss)	152	193	230	168	101	157	102	58	96	31
Depreciation Expense	55	58	60	65	59	58	57	55	53	58
Amortization Expense	2.70	1.63	2.14	1.25	1.15	0.93	0.94	0.94	0.93	0.94
Non-Cash Adjustments To Reconcile Net Income	-21	0.96	0.41	1.29	-0.17	-1.16	-1.74	0.79	1.21	1.35
Changes in Operating Assets and Liabilities, net	-35	-103	-44	-7.22	2.24	3.85	-81	1.63	10	30
Net Cash From Investing Activities	-46	-26	-103	-71	-22	-64	-36	-59	-39	-30
Net Cash From Continuing Investing Activities	-46	-26	-103	-71	-22	-64	-36	-59	-39	-30
Purchase of Property, Plant & Equipment	-58	-37	-34	-42	-42	-50	-42	-55	-39	-41
Purchase of Investments	-	-	-75	-59	-33	-41	-15	-7.80	-24	-25
Sale of Property, Plant & Equipment	12	1.76	6.00	0.24	0.00	-1.99	6.19	0.76	0.37	0.08
Sale and/or Maturity of Investments	-	-	0.00	30	54	39	16	5.00	24	57
Other Investing Activities, net	-0.15	9.42	0.00	-	-0.35	-9.85	-0.33	-1.78	-	-22
Net Cash From Financing Activities	-99	-119	-226	-161	-168	-128	-68	-17	-9.34	-13
Net Cash From Continuing Financing Activities	-99	-119	-226	-161	-168	-128	-68	-17	-9.34	-13
Repayment of Debt	-58	-76	-92	-52	-25	-0.22	-0.25	-0.46	-0.20	-0.05
Payment of Dividends	-35	-37	-38	-37	-	-	-0.58	-0.52	-7.35	-7.41
Other Financing Activities, net	-6.10	-6.39	-21	-5.80	-5.59	-5.93	-8.96	-3.04	-1.80	-1.85

This table presents Core Natural Resources' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	2,687	2,707	2,761	2,694	2,523	2,574	2,704	2,675	2,880
Total Current Assets	200	399	474	338	293	386	598	601	786
Cash & Equivalents	13	154	236	80	51	150	273	199	408
Short-Term Investments	-	-	-	-	-	-	0.00	82	52
Accounts Receivable	119	168	129	173	160	116	197	160	163
Inventories, net	50	53	49	54	56	63	66	88	96
Prepaid Expenses	18	24	31	31	25	25	62	71	67
Plant, Property, & Equipment, net	2,180	2,122	2,107	2,092	2,049	1,979	1,960	1,903	1,922
Plant, Property & Equipment, gross	4,593	4,676	4,838	5,008	5,144	5,251	5,409	5,552	5,764
Accumulated Depreciation	2,413	2,554	2,732	2,916	3,095	3,272	3,448	3,649	3,842
Total Noncurrent Assets	307	186	180	264	181	209	146	171	160
Employee Benefit Assets	-	-	-	-	0.00	39	39	47	42
Other Noncurrent Operating Assets	307	186	103	87	59	113	107	124	118
Total Liabilities & Shareholders' Equity	2,687	2,707	2,761	2,694	2,523	2,574	2,704	2,675	2,880
Total Liabilities	1,887	2,363	2,209	2,121	1,970	1,901	1,539	1,332	1,311
Total Current Liabilities	379	422	492	392	368	445	449	444	519
Short-Term Debt	4.08	22	135	50	54	57	29	11	113
Accounts Payable	83	109	131	106	71	77	130	137	144
Accrued Expenses	292	291	226	236	223	252	270	291	262
Other Current Liabilities	-	-	-	-	20	59	20	4.77	0.61
Total Noncurrent Liabilities	1,508	1,941	1,717	1,729	1,601	1,455	1,090	888	793
Long-Term Debt	302	857	709	654	567	568	342	182	80
Capital Lease Obligations	12	8.64	26	9.04	36	27	13	4.18	15
Asset Retirement Reserve & Litigation Obligation	246	228	236	250	228	211	222	213	212
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	0.00	22	36	49
Noncurrent Employee Benefit Liabilities	825	674	565	746	717	414	294	423	378
Other Noncurrent Operating Liabilities	123	174	182	70	53	236	197	30	59
Total Equity & Noncontrolling Interests	800	344	552	572	554	673	1,166	1,343	1,568
Total Preferred & Common Equity	658	204	410	435	554	673	1,166	1,343	1,568
Total Common Equity	658	204	410	435	554	673	1,166	1,343	1,568
Common Stock	0.00	553	551	524	643	647	647	548	541
Retained Earnings	0.00	-44	182	260	247	281	669	944	1,162
Accumulated Other Comprehensive Income / (Loss)	-400	-305	-323	-349	-337	-255	-150	-149	-135

This table presents Core Natural Resources' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	2,722	2,695	2,678	2,660	2,680	2,710	2,824
Total Current Assets	558	612	578	579	614	621	745
Cash & Equivalents	269	193	190	168	173	216	332
Short-Term Investments	-	75	101	81	83	83	84
Accounts Receivable	147	186	124	159	180	160	145
Inventories, net	75	96	98	98	109	98	117
Other Current Assets	-	-	66	73	69	65	67
Plant, Property, & Equipment, net	1,953	1,940	1,932	1,917	1,895	1,911	1,909
Plant, Property & Equipment, gross	5,351	5,443	5,485	5,521	5,594	5,656	5,702
Accumulated Depreciation	3,398	3,502	3,553	3,604	3,700	3,745	3,792
Total Noncurrent Assets	211	143	168	163	172	178	170
Employee Benefit Assets	54	42	45	48	49	50	52
Other Noncurrent Operating Assets	112	101	124	115	123	128	118
Total Liabilities & Shareholders' Equity	2,722	2,695	2,678	2,660	2,680	2,710	2,824
Total Liabilities	1,806	1,414	1,343	1,351	1,291	1,272	1,295
Total Current Liabilities	515	442	414	454	417	400	540
Short-Term Debt	26	25	19	16	8.55	6.01	112
Accounts Payable	125	121	122	132	139	137	145
Accrued Expenses	267	293	268	301	265	253	282
Other Current Liabilities	97	4.82	4.78	4.85	4.47	4.17	0.81
Total Noncurrent Liabilities	1,291	972	929	897	874	872	755
Long-Term Debt	414	253	207	183	182	182	79
Capital Lease Obligations	14	10	7.30	5.41	3.52	2.92	4.34
Asset Retirement Reserve & Litigation Obligation	215	221	224	221	212	213	208
Noncurrent Deferred & Payable Income Tax Liabilities	-	22	21	21	36	36	37
Noncurrent Employee Benefit Liabilities	599	293	291	289	421	264	410
Other Noncurrent Operating Liabilities	49	173	179	176	19	174	15
Total Equity & Noncontrolling Interests	916	1,281	1,335	1,309	1,389	1,438	1,529
Total Preferred & Common Equity	916	1,281	1,335	1,309	1,389	1,438	1,529
Total Common Equity	916	1,281	1,335	1,309	1,389	1,438	1,529
Common Stock	648	616	596	569	536	536	538
Retained Earnings	519	815	891	892	1,001	1,051	1,139
Accumulated Other Comprehensive Income / (Loss)	-250	-150	-151	-152	-149	-148	-148

This table displays calculated financial ratios and metrics derived from Core Natural Resources' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	-13.42%	13.31%	9.81%	-10.18%	-36.07%	37.45%	69.01%	22.69%	-14.28%
EBITDA Growth	0.00%	-60.18%	43.42%	30.55%	-21.49%	-28.55%	22.85%	158.00%	23.09%	-44.96%
EBIT Growth	0.00%	-82.45%	147.76%	38.57%	-39.38%	-68.43%	90.11%	528.95%	29.97%	-56.29%
NOPAT Growth	0.00%	-92.55%	55.26%	171.56%	-59.00%	-149.46%	210.84%	743.11%	29.68%	-62.92%
Net Income Growth	0.00%	-84.11%	63.67%	116.53%	-47.67%	-114.12%	358.14%	1,269.04%	40.45%	-56.33%
EPS Growth	0.00%	-86.52%	62.16%	124.17%	-47.77%	-113.17%	359.46%	1,261.46%	51.42%	-51.44%
Operating Cash Flow Growth	0.00%	12.83%	-24.61%	66.67%	-40.86%	-47.12%	136.27%	113.04%	31.79%	-44.47%
Free Cash Flow Firm Growth	0.00%	0.00%	111.73%	47.45%	-68.64%	-112.06%	1,205.65%	371.29%	83.75%	-70.70%
Invested Capital Growth	0.00%	0.00%	-2.45%	7.27%	4.28%	-3.79%	-1.49%	11.79%	-1.38%	3.52%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	3.14%	-4.78%	-6.39%	18.57%	10.05%	-1.62%	-3.57%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	9.29%	-4.49%	42.95%	201.16%	16.90%	-5.20%	-13.71%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	14.11%	-14.25%	274.98%	181.48%	24.57%	-6.63%	-20.69%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	82.13%	-44.70%	-152.45%	168.54%	24.55%	-11.31%	-38.64%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	65.37%	-23.43%	-25.29%	149.81%	19.35%	-5.20%	-30.59%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	150.00%	18.28%	-1.10%	-30.16%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-24.89%	1.68%	-20.20%	54.39%	-4.54%	17.91%	8.58%	-17.04%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-36.01%	80.49%	-54.10%	19.87%	28.74%	-43.66%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	6.03%	0.99%	-3.97%	19.19%	21.00%	-0.42%	-0.42%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	45.43%	20.90%	26.45%	31.45%	27.49%	30.72%	27.46%	41.91%	42.05%	27.00%
Operating Margin	80.90%	6.42%	14.05%	17.73%	8.08%	-8.52%	4.99%	29.21%	30.08%	12.67%
EBIT Margin	31.69%	6.42%	14.05%	17.73%	11.96%	5.91%	8.17%	30.40%	32.20%	16.42%
Profit (Net Income) Margin	22.33%	4.10%	5.92%	11.67%	6.80%	-1.50%	2.82%	22.86%	26.17%	13.33%
Tax Burden Percent	71.65%	77.60%	48.63%	95.29%	95.37%	142.98%	96.34%	82.15%	84.32%	86.62%
Interest Burden Percent	98.33%	82.23%	86.68%	69.11%	59.61%	-17.79%	35.86%	91.52%	96.37%	93.71%
Effective Tax Rate	28.35%	22.40%	51.37%	4.71%	4.63%	0.00%	3.66%	17.85%	15.68%	13.38%
Return on Invested Capital (ROIC)	0.00%	11.11%	8.73%	23.17%	8.99%	-4.44%	5.05%	40.53%	50.13%	18.40%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	3.95%	6.29%	11.22%	6.96%	1.90%	0.58%	32.52%	199.74%	-10.65%
Return on Net Nonoperating Assets (RNNOA)	0.00%	1.50%	5.71%	16.77%	7.66%	2.09%	0.51%	10.27%	2.15%	1.28%
Return on Equity (ROE)	0.00%	12.61%	14.44%	39.94%	16.65%	-2.35%	5.56%	50.80%	52.28%	19.67%
Cash Return on Invested Capital (CROIC)	0.00%	-188.89%	11.22%	16.16%	4.79%	-0.58%	6.56%	29.39%	51.52%	14.94%
Operating Return on Assets (OROA)	0.00%	2.94%	7.26%	9.93%	6.03%	1.99%	3.87%	23.54%	30.01%	12.70%
Return on Assets (ROA)	0.00%	1.88%	3.06%	6.54%	3.43%	-0.51%	1.34%	17.70%	24.39%	10.31%
Return on Common Equity (ROCE)	0.00%	10.36%	10.88%	27.40%	12.52%	-2.06%	5.56%	50.80%	52.28%	19.67%
Return on Equity Simple (ROE_SIMPLE)	0.00%	7.67%	40.42%	43.61%	21.50%	-2.39%	5.07%	40.06%	48.82%	18.26%
Net Operating Profit after Tax (NOPAT)	824	61	95	259	106	-52	58	490	636	236
NOPAT Margin	57.96%	4.98%	6.83%	16.89%	7.71%	-5.96%	4.81%	24.00%	25.36%	10.97%
Net Nonoperating Expense Percent (NNEP)	0.00%	7.16%	2.44%	11.94%	2.02%	-6.34%	4.47%	8.00%	-149.61%	29.05%
Return On Investment Capital (ROIC_SIMPLE)	-	5.49%	7.74%	18.21%	8.25%	-4.33%	4.39%	31.63%	41.26%	13.27%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	3.92%	75.33%	69.57%	66.07%	73.80%	84.18%	68.86%	52.17%	48.81%	64.50%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.10%	93.58%	85.95%	82.27%	91.92%	108.52%	95.01%	70.79%	69.92%	87.33%
Earnings before Interest and Taxes (EBIT)	451	79	196	271	165	52	99	621	807	353
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	646	257	369	482	378	270	332	856	1,054	580
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	4.93	1.96	0.79	0.31	1.06	1.86	2.31	2.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	4.93	1.96	0.79	0.31	1.06	1.86	2.31	2.00
Price to Revenue (P/Rev)	0.00	0.00	0.72	0.52	0.25	0.19	0.59	1.06	1.24	1.46
Price to Earnings (P/E)	0.00	0.00	14.90	5.25	4.51	0.00	20.94	4.65	4.73	10.95
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.98%	5.30%	0.47%
Earnings Yield	0.00%	0.00%	6.71%	19.04%	22.17%	0.00%	4.78%	21.50%	21.13%	9.13%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.75	1.34	0.92	0.67	1.04	1.79	2.40	2.21
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	1.35	1.01	0.81	0.88	0.98	1.12	1.20	1.34
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	5.10	3.22	2.94	2.88	3.57	2.67	2.86	4.97
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	9.60	5.71	6.76	14.96	11.99	3.68	3.74	8.17
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	19.75	5.99	10.49	0.00	20.36	4.66	4.75	12.23
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	7.58	3.75	4.55	6.01	3.87	3.51	3.52	6.05
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	15.37	8.59	19.67	0.00	15.69	6.42	4.62	15.06
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.40	2.58	1.58	1.25	1.19	0.97	0.33	0.15	0.13
Long-Term Debt to Equity	0.00	0.39	2.52	1.33	1.16	1.09	0.88	0.30	0.14	0.06
Financial Leverage	0.00	0.38	0.91	1.49	1.10	1.10	0.88	0.32	0.01	-0.12
Leverage Ratio	0.00	3.36	4.72	6.11	4.85	4.63	4.16	2.87	2.14	1.91
Compound Leverage Factor	0.00	2.76	4.09	4.22	2.89	-0.82	1.49	2.63	2.07	1.79
Debt to Total Capital	0.00%	28.42%	72.09%	61.17%	55.47%	54.27%	49.21%	24.79%	12.80%	11.69%
Short-Term Debt to Total Capital	0.00%	0.36%	1.83%	9.49%	3.91%	4.45%	4.33%	1.86%	0.72%	6.36%
Long-Term Debt to Total Capital	0.00%	28.06%	70.27%	51.68%	51.56%	49.82%	44.89%	22.92%	12.08%	5.34%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	12.75%	11.32%	9.97%	10.67%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	58.83%	16.59%	28.86%	33.85%	45.73%	50.79%	75.21%	87.20%	88.31%
Debt to EBITDA	0.00	1.24	2.41	1.80	1.89	2.43	1.96	0.45	0.19	0.36
Net Debt to EBITDA	0.00	1.18	1.99	1.25	1.67	2.24	1.41	0.13	-0.08	-0.44
Long-Term Debt to EBITDA	0.00	1.22	2.35	1.52	1.75	2.23	1.79	0.42	0.18	0.16
Debt to NOPAT	0.00	5.18	9.32	3.36	6.72	-12.52	11.21	0.78	0.31	0.88
Net Debt to NOPAT	0.00	4.96	7.70	2.34	5.97	-11.55	8.07	0.23	-0.13	-1.07
Long-Term Debt to NOPAT	0.00	5.11	9.08	2.84	6.25	-11.50	10.23	0.72	0.29	0.40
Altman Z-Score	0.00	0.00	0.98	1.18	0.92	0.57	0.95	2.77	3.90	3.26
Noncontrolling Interest Sharing Ratio	0.00%	17.81%	24.64%	31.39%	24.81%	12.19%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.53	0.95	0.96	0.86	0.80	0.87	1.33	1.35	1.52
Quick Ratio	0.00	0.35	0.76	0.74	0.64	0.57	0.60	1.05	1.00	1.20
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-1,043	122	180	57	-6.82	75	356	653	191
Operating Cash Flow to CapEx	223.91%	719.23%	436.58%	287.88%	145.98%	169.94%	256.39%	434.09%	524.62%	279.26%
Free Cash Flow to Firm to Interest Expense	0.00	-74.23	4.69	2.15	0.85	-0.11	1.19	6.75	22.28	8.63
Operating Cash Flow to Interest Expense	38.67	23.42	9.51	4.93	3.68	2.11	4.82	12.37	29.26	21.47
Operating Cash Flow Less CapEx to Interest Expense	21.40	20.16	7.33	3.22	1.16	0.87	2.94	9.52	23.68	13.78
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.46	0.52	0.56	0.50	0.34	0.47	0.77	0.93	0.77
Accounts Receivable Turnover	0.00	10.34	9.71	10.31	9.12	5.28	8.75	13.08	14.04	13.30
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.56	0.65	0.72	0.66	0.42	0.60	1.04	1.30	1.12
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	35.31	37.58	35.40	40.02	69.13	41.70	27.90	25.99	27.44
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	35.31	37.58	35.40	40.02	69.13	41.70	27.90	25.99	27.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	1,105	1,077	1,156	1,205	1,160	1,142	1,277	1,259	1,304
Invested Capital Turnover	0.00	2.23	1.28	1.37	1.17	0.74	1.05	1.69	1.98	1.68
Increase / (Decrease) in Invested Capital	0.00	1,105	-27	78	49	-46	-17	135	-18	44
Enterprise Value (EV)	0.00	0.00	1,881	1,549	1,113	777	1,184	2,283	3,019	2,883
Market Capitalization	0.00	0.00	1,008	803	343	171	714	2,172	3,103	3,136
Book Value per Share	$0.00	$23.49	$7.30	$14.76	$16.80	$21.26	$19.51	$33.43	$43.32	$53.35
Tangible Book Value per Share	$0.00	$23.49	$7.30	$14.76	$16.80	$21.26	$19.51	$33.43	$43.32	$53.35
Total Capital	0.00	1,118	1,231	1,421	1,286	1,210	1,325	1,550	1,541	1,776
Total Debt	0.00	318	888	869	713	657	652	384	197	208
Total Long-Term Debt	0.00	314	865	734	663	603	595	355	186	95
Net Debt	0.00	304	734	604	633	606	469	111	-84	-253
Capital Expenditures (CapEx)	130	46	57	144	168	76	119	150	164	171
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-188	-154	-148	-84	-73	-184	-95	-113	-80
Debt-free Net Working Capital (DFNWC)	0.00	-175	-0.49	117	-3.96	-22	-1.56	179	168	380
Net Working Capital (NWC)	0.00	-179	-23	-18	-54	-76	-59	150	157	267
Net Nonoperating Expense (NNE)	507	11	13	80	13	-39	24	23	-20	-51
Net Nonoperating Obligations (NNO)	0.00	304	734	604	633	606	469	111	-84	-265
Total Depreciation and Amortization (D&A)	195	178	173	210	214	218	233	235	247	227
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-15.29%	-11.08%	-9.69%	-6.13%	-8.25%	-15.23%	-4.63%	-4.50%	-3.73%
Debt-free Net Working Capital to Revenue	0.00%	-14.21%	-0.03%	7.61%	-0.29%	-2.47%	-0.13%	8.74%	6.72%	17.69%
Net Working Capital to Revenue	0.00%	-14.54%	-1.65%	-1.19%	-3.94%	-8.59%	-4.87%	7.33%	6.27%	12.44%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$10.98	$1.48	$2.42	$5.48	$2.82	($0.37)	$0.99	$13.41	$19.91	$9.65
Adjusted Weighted Average Basic Shares Outstanding	0.00	28M	28.07M	27.44M	25.93M	34.03M	34.48M	34.75M	29.60M	54.02M
Adjusted Diluted Earnings per Share	$10.98	$1.48	$2.40	$5.38	$2.81	($0.37)	$0.96	$13.07	$19.79	$9.61
Adjusted Weighted Average Diluted Shares Outstanding	0.00	28M	28.07M	27.44M	25.93M	34.03M	34.48M	34.75M	29.60M	54.02M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	28M	28.07M	27.44M	25.93M	34.03M	34.48M	34.75M	29.60M	54.02M
Normalized Net Operating Profit after Tax (NOPAT)	824	61	125	262	104	-78	46	462	628	230
Normalized NOPAT Margin	57.96%	4.98%	8.97%	17.10%	7.57%	-8.88%	3.82%	22.60%	25.06%	10.69%
Pre Tax Income Margin	31.16%	5.28%	12.17%	12.25%	7.13%	-1.05%	2.93%	27.82%	31.03%	15.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	59.73	5.63	7.51	3.24	2.48	0.85	1.56	11.80	27.53	15.90
NOPAT to Interest Expense	109.24	4.37	3.65	3.09	1.60	-0.86	0.92	9.31	21.68	10.62
EBIT Less CapEx to Interest Expense	42.46	2.37	5.33	1.52	-0.04	-0.39	-0.32	8.95	21.95	8.21
NOPAT Less CapEx to Interest Expense	91.97	1.11	1.47	1.37	-0.92	-2.10	-0.96	6.46	16.10	2.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	146.84%	580.03%	216.05%	12.45%	23.75%	-42.19%	0.00%	15.31%	11.51%	5.54%
Augmented Payout Ratio	146.84%	580.03%	216.05%	26.91%	58.74%	-42.19%	0.00%	15.31%	72.40%	30.29%

This table displays calculated financial ratios and metrics derived from Core Natural Resources' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	255.64%	42.22%	97.87%	23.19%	7.53%	-6.57%	-17.94%	-24.18%	0.88%	-13.54%
EBITDA Growth	426.69%	52.84%	434.45%	25.06%	-27.83%	-38.34%	-47.06%	-54.04%	-8.62%	-90.85%
EBIT Growth	247.46%	73.54%	4,323.97%	30.63%	-36.90%	-47.36%	-56.02%	-66.07%	-8.23%	-132.02%
NOPAT Growth	263.08%	91.52%	16,577.18%	32.62%	-32.57%	-41.95%	-55.44%	-64.06%	-6.26%	-135.50%
Net Income Growth	233.69%	64.52%	5,277.01%	32.81%	-33.79%	-18.63%	-55.77%	-65.38%	-5.06%	-80.38%
EPS Growth	228.79%	59.59%	5,138.46%	39.55%	-26.82%	-4.07%	-48.24%	-60.32%	3.54%	-79.96%
Operating Cash Flow Growth	90.13%	188.60%	67.68%	14.73%	6.27%	44.83%	-68.82%	-48.91%	-0.86%	-44.64%
Free Cash Flow Firm Growth	-60.31%	-47.55%	-84.25%	-144.97%	-270.21%	109.40%	117.45%	110.67%	153.49%	-164.21%
Invested Capital Growth	10.12%	11.79%	21.70%	28.07%	19.84%	-1.38%	5.83%	3.99%	3.51%	3.52%
Revenue Q/Q Growth	-1.23%	18.59%	9.57%	-4.01%	-13.78%	3.04%	-3.77%	-11.31%	14.71%	-11.69%
EBITDA Q/Q Growth	17.30%	18.20%	11.50%	-19.11%	-32.31%	1.00%	-4.28%	-29.77%	34.59%	-89.89%
EBIT Q/Q Growth	25.13%	22.15%	13.55%	-24.73%	-39.56%	1.89%	-5.12%	-41.94%	63.48%	-135.55%
NOPAT Q/Q Growth	20.37%	25.65%	20.78%	-27.40%	-38.80%	8.17%	-7.28%	-41.44%	59.62%	-140.96%
Net Income Q/Q Growth	20.45%	26.88%	19.36%	-27.20%	-39.95%	55.94%	-35.13%	-43.02%	64.71%	-67.77%
EPS Q/Q Growth	20.06%	27.29%	21.07%	-24.58%	-37.04%	66.88%	-34.68%	-42.18%	64.29%	-67.70%
Operating Cash Flow Q/Q Growth	-22.80%	-1.19%	64.25%	-8.43%	-28.49%	34.66%	-64.64%	50.05%	38.76%	-24.81%
Free Cash Flow Firm Q/Q Growth	-74.49%	4.48%	-75.72%	-794.87%	3.43%	228.54%	-74.79%	-65.89%	383.90%	-254.29%
Invested Capital Q/Q Growth	5.68%	21.00%	-1.75%	1.94%	-1.11%	-0.42%	5.43%	0.16%	-1.57%	-0.42%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	49.24%	49.08%	49.95%	42.09%	33.05%	32.39%	32.22%	25.52%	29.94%	3.43%
Operating Margin	37.43%	38.41%	40.99%	32.14%	22.53%	22.28%	21.97%	14.38%	20.50%	-8.25%
EBIT Margin	38.40%	39.55%	40.99%	32.14%	22.53%	22.28%	21.97%	14.38%	20.50%	-8.25%
Profit (Net Income) Margin	28.70%	30.71%	33.46%	25.38%	17.68%	26.75%	18.03%	11.59%	16.64%	6.07%
Tax Burden Percent	79.42%	82.01%	84.71%	81.70%	82.73%	87.82%	85.81%	86.54%	84.50%	97.37%
Interest Burden Percent	94.12%	94.69%	96.36%	96.63%	94.82%	136.70%	95.65%	93.07%	96.04%	-75.57%
Effective Tax Rate	20.58%	17.99%	15.29%	18.30%	17.27%	12.18%	14.19%	13.46%	15.50%	2.63%
Return on Invested Capital (ROIC)	54.81%	53.20%	72.42%	57.84%	40.94%	38.68%	34.80%	21.22%	29.99%	-13.47%
ROIC Less NNEP Spread (ROIC-NNEP)	53.04%	51.50%	67.24%	49.75%	29.34%	351.25%	45.41%	26.46%	32.97%	-54.54%
Return on Net Nonoperating Assets (RNNOA)	23.19%	16.26%	11.60%	3.38%	1.25%	3.78%	-1.49%	-1.57%	-3.07%	6.53%
Return on Equity (ROE)	78.01%	69.46%	84.02%	61.21%	42.19%	42.45%	33.31%	19.65%	26.92%	-6.94%
Cash Return on Invested Capital (CROIC)	29.46%	29.39%	43.90%	42.84%	43.75%	51.52%	33.30%	26.08%	26.40%	14.94%
Operating Return on Assets (OROA)	26.84%	30.62%	36.12%	29.86%	21.33%	20.76%	19.48%	11.87%	16.66%	-6.38%
Return on Assets (ROA)	20.06%	23.78%	29.48%	23.58%	16.74%	24.93%	15.99%	9.56%	13.52%	4.70%
Return on Common Equity (ROCE)	78.01%	69.46%	84.02%	61.21%	42.19%	42.45%	33.31%	19.65%	26.92%	-6.94%
Return on Equity Simple (ROE_SIMPLE)	42.70%	0.00%	54.79%	55.67%	52.86%	0.00%	37.98%	29.04%	26.98%	0.00%
Net Operating Profit after Tax (NOPAT)	158	198	239	174	106	115	107	62	100	-41
NOPAT Margin	29.73%	31.50%	34.72%	26.26%	18.64%	19.57%	18.85%	12.45%	17.32%	-8.03%
Net Nonoperating Expense Percent (NNEP)	1.77%	1.70%	5.18%	8.08%	11.61%	-312.57%	-10.61%	-5.24%	-2.98%	41.06%
Return On Investment Capital (ROIC_SIMPLE)	11.50%	12.77%	15.24%	11.06%	7.02%	7.46%	6.73%	3.83%	5.77%	-2.30%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	49.08%	44.24%	40.36%	45.65%	55.04%	56.24%	55.58%	61.57%	59.19%	83.32%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	62.57%	61.59%	59.01%	67.86%	77.47%	77.72%	78.03%	85.62%	79.50%	108.25%
Earnings before Interest and Taxes (EBIT)	203	249	282	212	128	131	124	72	118	-42
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	261	308	344	278	188	190	182	128	172	17
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.26	1.86	1.55	1.71	2.55	2.31	1.86	2.08	2.01	2.00
Price to Tangible Book Value (P/TBV)	2.26	1.86	1.55	1.71	2.55	2.31	1.86	2.08	2.01	2.00
Price to Revenue (P/Rev)	1.12	1.06	0.83	0.91	1.31	1.24	1.09	1.34	1.38	1.46
Price to Earnings (P/E)	5.30	4.65	2.82	3.08	4.83	4.73	4.90	7.15	7.44	10.95
Dividend Yield	1.68%	4.98%	7.37%	7.85%	5.07%	5.30%	6.36%	0.00%	0.24%	0.47%
Earnings Yield	18.85%	21.50%	35.45%	32.46%	20.71%	21.13%	20.40%	13.99%	13.44%	9.13%
Enterprise Value to Invested Capital (EV/IC)	2.10	1.79	1.56	1.75	2.61	2.40	1.90	2.16	2.18	2.21
Enterprise Value to Revenue (EV/Rev)	1.19	1.12	0.82	0.89	1.29	1.20	1.06	1.29	1.28	1.34
Enterprise Value to EBITDA (EV/EBITDA)	3.02	2.67	1.75	1.89	2.97	2.86	3.01	4.18	4.24	4.97
Enterprise Value to EBIT (EV/EBIT)	4.44	3.68	2.23	2.39	3.81	3.74	4.24	6.32	6.40	8.17
Enterprise Value to NOPAT (EV/NOPAT)	5.63	4.66	2.69	2.91	4.60	4.75	5.02	7.35	7.42	12.23
Enterprise Value to Operating Cash Flow (EV/OCF)	4.01	3.51	2.60	2.86	4.17	3.52	3.68	5.00	4.96	6.05
Enterprise Value to Free Cash Flow (EV/FCFF)	7.47	6.42	3.89	4.58	6.50	4.62	5.87	8.46	8.39	15.06
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.50	0.33	0.22	0.18	0.16	0.15	0.14	0.13	0.13	0.13
Long-Term Debt to Equity	0.47	0.30	0.21	0.16	0.14	0.14	0.13	0.13	0.05	0.06
Financial Leverage	0.44	0.32	0.17	0.07	0.04	0.01	-0.03	-0.06	-0.09	-0.12
Leverage Ratio	3.79	2.87	2.78	2.53	2.42	2.14	2.01	1.94	1.93	1.91
Compound Leverage Factor	3.57	2.72	2.67	2.45	2.29	2.93	1.93	1.81	1.86	-1.44
Debt to Total Capital	33.11%	24.79%	18.34%	14.91%	13.51%	12.80%	12.26%	11.72%	11.34%	11.69%
Short-Term Debt to Total Capital	1.93%	1.86%	1.57%	1.22%	1.03%	0.72%	0.54%	0.37%	6.49%	6.36%
Long-Term Debt to Total Capital	31.18%	22.92%	16.77%	13.69%	12.48%	12.08%	11.72%	11.35%	4.85%	5.34%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	66.89%	75.21%	81.66%	85.09%	86.49%	87.20%	87.74%	88.28%	88.66%	88.31%
Debt to EBITDA	0.62	0.45	0.26	0.20	0.18	0.19	0.23	0.28	0.29	0.36
Net Debt to EBITDA	0.19	0.13	-0.02	-0.05	-0.04	-0.08	-0.07	-0.16	-0.33	-0.44
Long-Term Debt to EBITDA	0.58	0.42	0.24	0.18	0.17	0.18	0.22	0.27	0.12	0.16
Debt to NOPAT	1.15	0.78	0.40	0.30	0.29	0.31	0.39	0.49	0.51	0.88
Net Debt to NOPAT	0.35	0.23	-0.04	-0.07	-0.06	-0.13	-0.12	-0.28	-0.57	-1.07
Long-Term Debt to NOPAT	1.09	0.72	0.36	0.28	0.26	0.29	0.37	0.47	0.22	0.40
Altman Z-Score	1.90	2.32	2.57	2.76	3.13	3.06	2.85	2.96	3.00	2.81
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.08	1.33	1.38	1.40	1.28	1.35	1.47	1.55	1.38	1.52
Quick Ratio	0.81	1.05	1.03	1.00	0.90	1.00	1.04	1.15	1.04	1.20
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	61	63	15	-107	-103	133	33	11	55	-85
Operating Cash Flow to CapEx	332.61%	428.79%	895.31%	540.73%	390.57%	421.19%	214.28%	212.74%	413.50%	297.59%
Free Cash Flow to Firm to Interest Expense	5.06	4.79	1.49	-14.92	-15.52	25.26	6.18	2.28	11.82	-11.94
Operating Cash Flow to Interest Expense	12.80	11.46	24.18	31.81	24.49	41.77	14.33	23.29	34.59	17.02
Operating Cash Flow Less CapEx to Interest Expense	8.95	8.79	21.48	25.92	18.22	31.85	7.64	12.34	26.23	11.30
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.70	0.77	0.88	0.93	0.95	0.93	0.89	0.83	0.81	0.77
Accounts Receivable Turnover	14.79	13.08	12.70	18.34	16.63	14.04	13.04	15.67	14.66	13.30
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.94	1.04	1.22	1.29	1.32	1.30	1.24	1.16	1.16	1.12
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	24.68	27.90	28.74	19.90	21.94	25.99	28.00	23.29	24.90	27.44
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	24.68	27.90	28.74	19.90	21.94	25.99	28.00	23.29	24.90	27.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,055	1,277	1,255	1,279	1,265	1,259	1,328	1,330	1,309	1,304
Invested Capital Turnover	1.84	1.69	2.09	2.20	2.20	1.98	1.85	1.70	1.73	1.68
Increase / (Decrease) in Invested Capital	97	135	224	280	209	-18	73	51	44	44
Enterprise Value (EV)	2,214	2,283	1,953	2,233	3,296	3,019	2,525	2,877	2,849	2,883
Market Capitalization	2,075	2,172	1,980	2,290	3,341	3,103	2,586	2,985	3,070	3,136
Book Value per Share	$26.28	$33.43	$36.86	$39.36	$40.92	$43.32	$47.26	$48.95	$52.04	$53.35
Tangible Book Value per Share	$26.28	$33.43	$36.86	$39.36	$40.92	$43.32	$47.26	$48.95	$52.04	$53.35
Total Capital	1,370	1,550	1,569	1,569	1,513	1,541	1,583	1,629	1,725	1,776
Total Debt	454	384	288	234	204	197	194	191	196	208
Total Long-Term Debt	427	355	263	215	189	186	185	185	84	95
Net Debt	139	111	-26	-56	-44	-84	-61	-109	-220	-253
Capital Expenditures (CapEx)	46	35	28	42	42	52	36	55	39	41
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-245	-95	-120	-106	-108	-113	-50	-72	-100	-80
Debt-free Net Working Capital (DFNWC)	70	179	194	184	141	168	205	227	316	380
Net Working Capital (NWC)	43	150	170	165	125	157	196	221	205	267
Net Nonoperating Expense (NNE)	5.42	4.93	8.71	5.85	5.50	-42	4.64	4.32	3.94	-72
Net Nonoperating Obligations (NNO)	139	111	-26	-56	-44	-84	-61	-109	-220	-265
Total Depreciation and Amortization (D&A)	57	60	62	66	60	59	58	56	54	59
Debt-free, Cash-free Net Working Capital to Revenue	-13.20%	-4.63%	-5.03%	-4.24%	-4.23%	-4.50%	-2.11%	-3.25%	-4.47%	-3.73%
Debt-free Net Working Capital to Revenue	3.76%	8.74%	8.14%	7.33%	5.53%	6.72%	8.60%	10.22%	14.20%	17.69%
Net Working Capital to Revenue	2.33%	7.33%	7.11%	6.57%	4.92%	6.27%	8.24%	9.95%	9.18%	12.44%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.36	$5.56	$6.67	$5.00	$3.15	$5.09	$3.40	$1.96	$3.23	$1.06
Adjusted Weighted Average Basic Shares Outstanding	34.87M	34.75M	33.92M	31.99M	31.01M	29.60M	29.39M	29.39M	29.39M	54.02M
Adjusted Diluted Earnings per Share	$4.25	$5.41	$6.55	$4.94	$3.11	$5.19	$3.39	$1.96	$3.22	$1.04
Adjusted Weighted Average Diluted Shares Outstanding	34.87M	34.75M	33.92M	31.99M	31.01M	29.60M	29.39M	29.39M	29.39M	54.02M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	34.87M	34.75M	33.92M	31.99M	31.01M	29.60M	29.39M	29.39M	29.39M	54.02M
Normalized Net Operating Profit after Tax (NOPAT)	136	195	239	174	106	115	107	62	100	-41
Normalized NOPAT Margin	25.75%	31.10%	34.72%	26.26%	18.64%	19.57%	18.85%	12.45%	17.32%	-8.03%
Pre Tax Income Margin	36.14%	37.45%	39.50%	31.06%	21.37%	30.46%	21.01%	13.39%	19.69%	6.24%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	17.01	18.82	27.46	29.69	19.32	24.94	22.96	14.44	25.26	-5.88
NOPAT to Interest Expense	13.17	14.99	23.26	24.26	15.99	21.90	19.71	12.49	21.35	-5.72
EBIT Less CapEx to Interest Expense	13.16	16.15	24.76	23.81	13.05	15.02	16.27	3.49	16.90	-11.59
NOPAT Less CapEx to Interest Expense	9.32	12.32	20.56	18.38	9.72	11.98	13.02	1.55	12.98	-11.44
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	8.91%	15.31%	15.64%	19.77%	16.20%	11.51%	7.16%	0.26%	2.05%	5.54%
Augmented Payout Ratio	8.91%	15.31%	26.35%	38.68%	56.29%	72.40%	79.62%	79.20%	48.79%	30.29%

Frequently Asked Questions About Core Natural Resources' Financials

When does Core Natural Resources's financial year end?

According to the most recent income statement we have on file, Core Natural Resources' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Core Natural Resources' net income changed over the last 9 years?

Core Natural Resources' net income appears to be on an upward trend, with a most recent value of $286.41 million in 2024, falling from $317.42 million in 2015. The previous period was $655.89 million in 2023. See where experts think Core Natural Resources is headed by visiting Core Natural Resources' forecast page.

What is Core Natural Resources's operating income?

Core Natural Resources's total operating income in 2024 was $272.17 million, based on the following breakdown:

Total Gross Profit: $2.15 billion
Total Operating Expenses: $1.88 billion

How has Core Natural Resources revenue changed over the last 9 years?

Over the last 9 years, Core Natural Resources' total revenue changed from $1.42 billion in 2015 to $2.15 billion in 2024, a change of 51.1%.

How much debt does Core Natural Resources have?

Core Natural Resources' total liabilities were at $1.31 billion at the end of 2024, a 1.5% decrease from 2023, and a 30.5% decrease since 2016.

How much cash does Core Natural Resources have?

In the past 8 years, Core Natural Resources' cash and equivalents has ranged from $13.31 million in 2016 to $408.24 million in 2024, and is currently $408.24 million as of their latest financial filing in 2024.

How has Core Natural Resources' book value per share changed over the last 9 years?

Over the last 9 years, Core Natural Resources' book value per share changed from 0.00 in 2015 to 53.35 in 2024, a change of 5,335.2%.

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This page (NYSE:CNR) was last updated on 5/5/2025 by MarketBeat.com Staff

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Core Natural Resources (CNR) Financials

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Core Natural Resources (CNR) Financials

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