16 unchanged sentences
The following table sets forth certain information relating to our equity compensation plans as of December 31, 2020:
−Removed: Number of Securities to be Issued upon Exercise of Outstanding Options, Warrants, and Rights
−Removed: Weighted Average Exercise Price of Outstanding Options, Warrants, and Rights (1)
+Added: Number of Securities to be Issued upon Exercise of Outstanding Options, Warrants, and Rights Weighted Average Exercise Price of Outstanding Options, Warrants, and Rights (1)
Number of Securities Remaining Available for Future Issuance
1 unchanged sentence
2017 Equity Incentive Plan 812,396 (2)
+Added: $ — 4,977,874
2016 Equity Incentive Plan 43,580 (3)
7 unchanged sentences
The performance graph and the information contained in this section is not “soliciting material”, is being “furnished” not “filed” with the SEC and is not to be incorporated by reference into any of our filings under the Securities Act or the Exchange Act whether made before or after the date hereof and irrespective of any general incorporation language contained in such filing.
−Removed: The following graph shows a comparison from April 13, 2017 (the date our common stock commenced trading on the NYSE) through December 31, 2019 of the cumulative total return for our common stock, the Russell 3000 Stock Index and the Dow Jones U.S.
+Added: The following graph shows a comparison from April 13, 2017 (the date our common stock commenced trading on the NYSE) through December 31, 2020 of the cumulative total return for our common stock, the Russell 3000 Stock Index and a peer group comprised of Arch Resources, Inc.
+Added: and Peabody Energy Corp ("Custom Composite Index").
+Added: The Custom Composite Index reflects publicly listed U.S.
+Added: companies within the coal industry of similar size and product type.
The graph assumes that $100 was invested on April 13, 2017 in our common stock and each index and that all dividends were reinvested.
3 unchanged sentences
The selected consolidated historical financial data as of December 31, 2020 and 2019, for the years ended December 31, 2020, December 31, 2019, and December 31, 2018 is derived from the audited consolidated financial statements of the Successor included elsewhere in this Annual Report.
−Removed: The selected consolidated historical financial data for the nine months ended December 31, 2016 is derived from the audited consolidated financial statements of the Successor included in our Annual Report on Form 10-K for the year ended December 31, 2018 (the “2018 Annual Report”) and the selected combined historical financial data for the three months ended March 31, 2016 is derived from the audited combined historical financial statements of our Predecessor included in the 2018 Annual Report.
+Added: The selected consolidated historical financial data as of December 31, 2018 and 2017, for the year ended December 31, 2017 and for the nine months ended December 31, 2016 is derived from the audited consolidated financial statements of the Successor included in our Annual Report on Form 10-K for the year ended December 31, 2018 (the “2018 Annual Report”) and the selected combined historical financial data for the three months ended March 31, 2016 is derived from the audited combined historical financial statements of our Predecessor included in the 2018 Annual Report.
The term “Successor” refers to (1) Warrior Met Coal, LLC and its subsidiaries for periods beginning as of April 1, 2016 and ending immediately before the completion of our corporate conversion and (2) Warrior Met Coal, Inc.
5 unchanged sentences
Our historical results are not necessarily indicative of our future results of operations, financial position and cash flows.
−Removed: For the years ended December 31,
−Removed: For the nine months ended December 31,
−Removed: For the three months ended March 31,
+Added: Successor Predecessor
+Added: For the years ended December 31, For the nine months ended December 31, For the three months ended March 31,
+Added: 2020 2019 2018 2017 2016 2016
Statements of Operations Data :
(in thousands except per share data)
+Added: Sales $ 761,871 $ 1,235,998 $ 1,342,683 $ 1,124,645 $ 276,560 $ 65,154
Other revenues 20,867 32,311 35,324 44,447 21,074 6,229
9 unchanged sentences
Total costs and expenses 809,877 884,917 869,720 745,691 345,578 124,539
−Removed: Operating income (loss)
+Added: Operating (loss) income (27,139) 383,392 508,287 423,401 (47,944) (53,156)
Interest expense, net (32,310) (29,335) (37,314) (6,947) (1,711) (16,562)
Loss on early extinguishment of debt — (9,756) — — — 7,920
−Removed: Income (loss) before income taxes
−Removed: Income tax expense (benefit) (1)
−Removed: Net income (loss)
−Removed: Basic and diluted net income per share:
−Removed: Net income per share—basic
−Removed: Net income per share—diluted
+Added: Other income 3,544 22,815 — — — —
+Added: (Loss) income before income taxes (55,905) 367,116 470,973 416,454 (49,655) (61,798)
+Added: Income tax (benefit) expense (1)
+Added: (20,144) 65,417 (225,814) (38,592) 18 18
+Added: Net (loss) income $ (35,761) $ 301,699 $ 696,787 $ 455,046 $ (49,637) $ (61,816)
+Added: Basic and diluted net (loss) income per share:
+Added: Net (loss) income per share—basic $ (0.70) $ 5.87 $ 13.19 $ 8.62
+Added: Net (loss) income per share—diluted $ (0.70) $ 5.86 $ 13.17 $ 8.62
Weighted average number of shares outstanding—basic 51,168 51,363 52,812 52.8
1 unchanged sentence
Dividends per share (2) :
+Added: $ 0.20 $ 4.61 $ 6.73 $ 14.92
Statements of Cash Flow Data:
5 unchanged sentences
(1) The income tax benefit recorded for the year ended December 31, 2018 is primarily due to the NOL valuation allowance release (see Note 7 to our consolidated financial statements included elsewhere in this Annual Report).
−Removed: December 31, 2019
−Removed: December 31, 2017
−Removed: December 31, 2016
+Added: (2) The dividends per share paid for the year ended December 31, 2017 reflect two special cash dividends that were paid in the aggregate amount of $790.0 million.
+Added: Successor Predecessor
+Added: December 31, 2020 December 31,
+Added: 2019 December 31, 2018 December 31, 2017 December 31, 2016
(in thousands)
2 unchanged sentences
Working capital (1)
+Added: $ 297,165 $ 315,094 $ 345,497 $ 163,614 $ 228,986
Mineral interests, net $ 100,855 $ 110,130 $ 120,427 $ 130,004 $ 143,231
Property, plant and equipment, net $ 637,108 $ 606,200 $ 540,315 $ 536,745 $ 496,959
+Added: Total assets $ 1,393,936 $ 1,344,264 $ 1,395,040 $ 993,315 $ 947,631
Long-term debt $ 379,908 $ 339,189 $ 468,231 $ 342,948 $ 3,725
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.