3 unchanged sentences
Before then, there was no public market for our common stock.
−Removed: Capital Allocation
+Added: Capital Allocation Policy
On May 17, 2017, the Board adopted a policy (the “Capital Allocation Policy”) of paying a quarterly cash dividend of $0.05 per share.
15 unchanged sentences
$ — 4,740,814
−Removed: 2016 Equity Incentive Plan 43,580 (3)
(1) The weighted-average exercise price does not take into account restricted stock units or phantom units, which do not have an exercise price.
(2) The number of securities to be issued under our 2017 Equity Incentive Plan represents 828,402 unvested restricted stock units and 13,157 shares of common stock issuable upon settlement of vested restricted stock unit awards.
−Removed: (3) The number of securities to be issued under our 2016 Equity Incentive Plan represents 43,580 shares of common stock issuable upon settlement of a vested phantom unit award.
−Removed: (4) While our 2016 Equity Incentive Plan remains in effect with respect to awards granted prior to the effectiveness of our 2017 Equity Incentive Plan, no further awards will be granted under the 2016 Equity Plan.
Stock Repurchases
8 unchanged sentences
Note that historical stock price performance is not necessarily indicative of future stock price performance.
−Removed: Selected Historical Financial Data
−Removed: The following tables set forth our selected historical financial data as of and for each of the periods indicated.
−Removed: 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 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.
−Removed: 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.
−Removed: and its subsidiaries for periods beginning with the completion of our corporate conversion and thereafter.
−Removed: The term “Predecessor” refers to the assets acquired and liabilities assumed by Warrior Met Coal, LLC from Walter Energy in the Asset Acquisition on March 31, 2016.
−Removed: The Predecessor periods included in the 2018 Annual Report begin as of January 1, 2016 and end as of March 31, 2016
−Removed: You should read this selected consolidated and combined historical financial data together with “Part II, Item 7.
−Removed: Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the financial statements and related notes thereto included elsewhere in this Annual Report or the 2018 Annual Report, as applicable.
−Removed: Our historical results are not necessarily indicative of our future results of operations, financial position and cash flows.
−Removed: Successor Predecessor
−Removed: For the years ended December 31, For the nine months ended December 31, For the three months ended March 31,
−Removed: 2020 2019 2018 2017 2016 2016
−Removed: Statements of Operations Data :
−Removed: (in thousands except per share data)
−Removed: Sales $ 761,871 $ 1,235,998 $ 1,342,683 $ 1,124,645 $ 276,560 $ 65,154
−Removed: Other revenues 20,867 32,311 35,324 44,447 21,074 6,229
−Removed: Total revenues 782,738 1,268,309 1,378,007 1,169,092 297,634 71,383
−Removed: Costs and expenses:
−Removed: Cost of sales (exclusive of items shown separately below) 625,170 720,745 716,645 592,530 244,723 72,297
−Removed: Cost of other revenues (exclusive of items shown separately below) 33,736 29,828 10,172 28,422 19,367 4,698
−Removed: Depreciation and depletion 118,092 97,330 97,209 75,413 47,413 28,958
−Removed: Selling, general and administrative 32,879 37,014 36,626 36,453 20,507 9,008
−Removed: Other postretirement benefits — — — — — 6,160
−Removed: Restructuring costs — — — — — 3,418
−Removed: Transaction and other costs — — 9,068 12,873 13,568 —
−Removed: Total costs and expenses 809,877 884,917 869,720 745,691 345,578 124,539
−Removed: Operating (loss) income (27,139) 383,392 508,287 423,401 (47,944) (53,156)
−Removed: Interest expense, net (32,310) (29,335) (37,314) (6,947) (1,711) (16,562)
−Removed: Loss on early extinguishment of debt — (9,756) — — — 7,920
−Removed: Other income 3,544 22,815 — — — —
−Removed: (Loss) income before income taxes (55,905) 367,116 470,973 416,454 (49,655) (61,798)
−Removed: Income tax (benefit) expense (1)
−Removed: (20,144) 65,417 (225,814) (38,592) 18 18
−Removed: Net (loss) income $ (35,761) $ 301,699 $ 696,787 $ 455,046 $ (49,637) $ (61,816)
−Removed: Basic and diluted net (loss) income per share:
−Removed: Net (loss) income per share—basic $ (0.70) $ 5.87 $ 13.19 $ 8.62
−Removed: Net (loss) income per share—diluted $ (0.70) $ 5.86 $ 13.17 $ 8.62
−Removed: Weighted average number of shares outstanding—basic 51,168 51,363 52,812 52.8
−Removed: Weighted average number of shares outstanding— diluted 51,168 51,493 52,918 52.806
−Removed: Dividends per share (2) :
−Removed: $ 0.20 $ 4.61 $ 6.73 $ 14.92
−Removed: Statements of Cash Flow Data:
−Removed: Cash provided by (used in):
−Removed: Operating activities $ 112,626 $ 532,814 $ 559,396 $ 434.512 $ (9,187) $ (40,698)
−Removed: Investing activities $ (108,189) $ (134,213) $ (107,629) $ (92.625) $ (30,884) $ (5,422)
−Removed: Financing activities $ 14,096 $ (411,623) $ (281,626) $ (458.279) $ 192,727 $ (6,240)
−Removed: __________________
−Removed: (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: (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.
−Removed: Successor Predecessor
−Removed: December 31, 2020 December 31,
−Removed: 2019 December 31, 2018 December 31, 2017 December 31, 2016
−Removed: (in thousands)
−Removed: Balance Sheet Data:
−Removed: Cash and cash equivalents $ 211,916 $ 193,383 $ 205,577 $ 35,470 $ 150,045
−Removed: Working capital (1)
−Removed: $ 297,165 $ 315,094 $ 345,497 $ 163,614 $ 228,986
−Removed: Mineral interests, net $ 100,855 $ 110,130 $ 120,427 $ 130,004 $ 143,231
−Removed: Property, plant and equipment, net $ 637,108 $ 606,200 $ 540,315 $ 536,745 $ 496,959
−Removed: Total assets $ 1,393,936 $ 1,344,264 $ 1,395,040 $ 993,315 $ 947,631
−Removed: Long-term debt $ 379,908 $ 339,189 $ 468,231 $ 342,948 $ 3,725
−Removed: Total liabilities $ 668,695 $ 578,682 $ 682,428 $ 580,292 $ 194,664
−Removed: Total stockholders’ equity $ 725,241 $ 765,582 $ 712,612 $ 413,023 $ 752,967
−Removed: __________________
−Removed: (1) Working capital consists of current assets less current liabilities, excluding current portion of long-term debt.
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.