Warrior Met Coal, Inc. recently released its financial results for the fiscal year ended December 31, 2024. The company's balance sheets show an increase in total assets from $2,357,058 in 2023 to $2,591,516 in 2024. The company's current assets decreased from $1,069,166 in 2023 to $887,062 in 2024, with cash and cash equivalents declining from $738,197 to $491,547.
The statements of operations reveal a decrease in revenues from $1,676,625 in 2023 to $1,525,220 in 2024. The cost of sales increased from $910,269 in 2023 to $1,007,297 in 2024, while operating income decreased from $541,406 in 2023 to $254,890 in 2024. Net income also experienced a decline, dropping from $478,629 in 2023 to $250,603 in 2024.
The statements of changes in equity show an increase in total stockholders' equity from $1,874,446 in 2023 to $2,090,817 in 2024. Additionally, the company declared dividends of $0.82 per share in 2024, compared to $1.16 per share in 2023.
In terms of operating activities, net income decreased from $478,629 in 2023 to $250,603 in 2024. Depreciation and depletion expenses increased from $127,356 in 2023 to $153,982 in 2024. The company also recorded a loss on early extinguishment of debt of $11,699 in 2023. Additionally, there were changes in operating assets and liabilities, including decreases in trade accounts receivable and inventories.
These financial results indicate various changes in the company's financial performance and position compared to the previous period. Today the company's shares have moved -0.78% to a price of $63.72. Check out the company's full 8-K submission here.
