t December 31, 2013, CONSOL Energy has provided the following financial guarantees, unconditional purchase obligations and letters of credit to certain third parties, as described by major category in the following table. These amounts represent the maximum potential total of future payments that we could be required to make under these instruments. These amounts have not been reduced for potential recoveries under recourse or collateralization provisions. Generally, recoveries under reclamation bonds would be limited to the extent of the work performed at the time of the default. CONSOL Energy management believes that these guarantees will expire without being funded, and therefore the commitments will not have a material adverse effect on financial condition.
|
| | | | | | | | | | | | | | | | | | | |
| Amount of Commitment Expiration Per Period |
| Total Amounts Committed | | Less Than 1 Year | | 1-3 Years | | 3-5 Years | | Beyond 5 Years |
Letters of Credit: | | | | | | | | | |
Employee-Related | $ | 190,358 |
| | $ | 164,852 |
| | $ | 25,506 |
| | $ | — |
| | $ | — |
|
Environmental | 56,293 |
| | 23,075 |
| | 33,218 |
| | — |
| | — |
|
Other | 114,106 |
| | 76,460 |
| | 37,646 |
| | — |
| | — |
|
Total Letters of Credit | 360,757 |
| | 264,387 |
| | 96,370 |
| | — |
| | — |
|
Surety Bonds: | | | | | | | | | |
Employee-Related | 204,884 |
| | 204,884 |
| | — |
| | — |
| | — |
|
Environmental | 610,209 |
| | 610,209 |
| | — |
| | — |
| | — |
|
Other | 32,492 |
| | 32,481 |
| | 10 |
| | — |
| | 1 |
|
Total Surety Bonds | 847,585 |
| | 847,574 |
| | 10 |
| | — |
| | 1 |
|
Gurantees: | | | | | | | | | |
Coal | 333,460 |
| | 200,400 |
| | 133,060 |
| | — |
| | — |
|
Other | 70,523 | | 35,611 | | 10,846 | | 9,718 | | 14,348 |
Total Guarantees | 403,983 |
| | 236,011 |
| | 143,906 |
| | 9,718 |
| | 14,348 |
|
Total Commitments | $ | 1,612,325 |
| | $ | 1,347,972 |
| | $ | 240,286 |
| | $ | 9,718 |
| | $ | 14,349 |
|
