Property, plant and equipment consisted of the following:
 December 31,
 20252024
Plant and Equipment$4,876,926 $3,633,741 
Coal Properties and Surface Lands2,241,915 913,819 
Airshafts591,146 521,334 
Mine Development690,845 366,260 
Advance Mining Royalties329,970 328,927 
Total Property, Plant and Equipment8,730,802 5,764,081 
Less: Accumulated Depreciation, Depletion and Amortization4,343,920 3,842,382 
Total Property, Plant and Equipment - Net$4,386,882 $1,921,699 

Historical Timeline

Fiscal YearFiled
2025Feb 17, 2026Showing above
2024Feb 20, 2025
2023Feb 9, 2024
2022Feb 10, 2023
2019Feb 14, 2020

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.