American Resources Corporation (AREC)

American Resources Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	2.67	10.87	11.49	10.62	0
Cash & Short-Term Investments	2.67	10.87	11.49	10.62	0
Cash Growth	-75.48%	-5.39%	8.24%	319319.22%	-99.86%
Accounts Receivable	-	0.66	3.18	0.04	2.42
Other Receivables	-	-	-	0.23	0.23
Receivables	-	0.66	3.18	0.27	2.66
Inventory	0.05	0.45	-	0.15	0.52
Prepaid Expenses	1.87	0.79	0.62	0.18	-
Other Current Assets	30.3	-	0.01	-	-
Total Current Assets	34.89	12.77	15.3	11.22	3.18
Property, Plant & Equipment	33.61	22.15	23.63	22.5	27.67
Long-Term Investments	18.78	18.78	2.5	-	-
Other Long-Term Assets	4.37	2.12	1.1	0.58	0.27
Total Assets	91.75	55.92	42.87	38.42	35.23
Accounts Payable	9.08	9.21	7.18	4.97	11.04
Accrued Expenses	0.51	0.11	1.33	1.04	2.87
Short-Term Debt	-	-	0.07	0.07	7.55
Current Portion of Long-Term Debt	0.8	11.7	5.86	11	20.49
Current Portion of Leases	4.86	3.89	0.15	-	-
Other Current Liabilities	2.81	2.52	1.95	3.85	3.05
Total Current Liabilities	18.07	27.43	16.54	20.93	45.01
Long-Term Debt	44.15	-	9.17	19.56	5.33
Long-Term Leases	8.01	7.9	0.55	0.07	0.09
Other Long-Term Liabilities	21.29	20.3	18.97	17.86	17.51
Total Liabilities	91.52	55.63	45.22	58.42	67.93
Common Stock	0.01	0.01	0.01	0	0
Additional Paid-In Capital	178.91	167.52	163.44	113.28	90.33
Retained Earnings	-178.69	-167.24	-165.79	-133.29	-123.03
Total Common Equity	0.22	0.28	-2.35	-20.01	-32.7
Shareholders' Equity	0.22	0.28	-2.35	-20.01	-32.7
Total Liabilities & Equity	91.75	55.92	42.87	38.42	35.23
Total Debt	57.83	23.49	15.8	30.7	33.46
Net Cash (Debt)	-55.17	-12.62	-4.31	-20.09	-33.46
Net Cash Per Share	-0.73	-0.19	-0.08	-0.68	-1.39
Filing Date Shares Outstanding	79.18	78.21	65.74	50.8	26.03
Total Common Shares Outstanding	76.25	66.78	65.08	42.97	27.41
Working Capital	16.81	-14.67	-1.24	-9.72	-41.83
Book Value Per Share	0.00	0.00	-0.04	-0.47	-1.19
Tangible Book Value	0.22	0.28	-2.35	-20.01	-32.7
Tangible Book Value Per Share	0.00	0.00	-0.04	-0.47	-1.19
Land	1.62	1.62	1.57	1.57	1.75
Machinery	-	-	12.89	9.37	11.52
Construction In Progress	6.77	-	0.01	-	-

Updated Nov 19, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q