| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies |
| Consol Energy, Inc. |
| 300 Delaware Avenue, Suite 567, Wilmington, DE 19801 * (302) 477-1260 |
| Business Description | The company is among the largest coal companies in the U.S. based upon total revenue, net income and operating cash flow. |
| Offering Information Company has | |||
| Trading As | CNX (NYSE) | Industry | Natural Resource (SIC 1222) |
| Type of Stock Offered | Common Shares | Filing Date | 12/15/1998 |
| Domestic Shares Offered | 22,600,000 | Offer Date | 04/29/1999 |
| Foreign Shares Offered | 0 | Filing Range | $18.00 - $21.00 |
| Company Shares | 22,600,000 | Offer Price | $16.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.800 |
| Gross Proceeds | $361,600,000 | Selling | $0.480 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 80,267,558 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| J.P. Morgan Securities Inc. | Lead Manager | (212) 648-0517 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 9 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1993 | 12/31/1994 | 12/31/1995 | 12/31/1996 | 12/31/1997 | 09/30/1997 | 09/30/1998 |
| Revenues | 1,785.952 | 2,412.481 | 2,314.235 | 2,396.954 | 2,349.638 | 1,735.491 | 1,717.513 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | -88.811 | 134.581 | 130.050 | 152.729 | 183.780 | 119.884 | 124.697 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | 35.08 | -4.07 | 3.57 | -1.974 | -1.04 | ||
| Net Income Growth (%) | - | -3.37 | 17.44 | 20.33 | 4.01 | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | 5.58 | 5.62 | 6.37 | 7.82 | 7.26 | 6.91 |
| Cash Flow - Oper. | 427.91 | 243.27 | 262.52 | ||||
| Cash Flow - Inv. | 52.24 | -74.85 | -233.42 | ||||
| Cash Flow - Fin. | -501.35 | -87.36 | -9.96 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 09/30/1998 | Financial Ratios | ||||
| Total Assets | 3,989.23 | Current Assets | - | Current Ratio | - |
| Total Liab. | 3,561.77 | Current Liab. | - | Debt Ratio | 89.28% |
| Total Equity | 427.46 | Working Cap. | -77.62 | Debt to Equity Ratio | 8.33 |
| Cash | - | Return on Assets | 3.13% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to repay a portion of the company's commercial paper issued in order to finance: the November 1998 purchase of shares of common shares from DuPont Energy Company, the payment of a dividend prior to this offering, the September 1998 acquisition of Rochester & Pittsburgh Coal Company and the refinancing of certain indebtedness of Rochester & Pittsburgh Coal Company. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Thelen, Marrin, Johnson & Bridges |
| Bank's Law Firm | Davis, Polk & Wardwell |
| Auditor | Ernst & Young |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |