Supplemental Condensed Consolidating Financial Information | 9 Months Ended |
Sep. 30, 2013 |
Supplemental Condensed Consolidating Financial Information [Abstract] | ' |
Supplemental Condensed Consolidating Financial Information Text Block | ' |
Supplemental Condensed Consolidating Financial Information |
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Pursuant to the indentures governing Arch Coal, Inc.’s senior notes, certain wholly-owned subsidiaries of the Company have fully and unconditionally guaranteed the senior notes on a joint and several basis. The following tables present condensed consolidating financial information for (i) the Company, (ii) the issuer of the senior notes, (iii) the guarantors under the senior notes, and (iv) the entities which are not guarantors under the senior notes (Arch Receivable Company, LLC and the Company’s subsidiaries outside the United States): |
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Condensed Consolidating Statements of Operations |
Three Months Ended September 30, 2013 |
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| | Parent/Issuer | | Guarantor | | Non- | | Eliminations | | Consolidated |
Subsidiaries | Guarantor |
| Subsidiaries |
| | (In thousands) |
Revenues | | $ | — | | | $ | 791,269 | | | $ | — | | | $ | — | | | $ | 791,269 | |
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Costs, expenses and other | | | | | | | | | | | | | | | |
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Cost of sales (exclusive of items shown separately below) | | 169 | | | 688,543 | | | — | | | — | | | 688,712 | |
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Depreciation, depletion and amortization | | 1,549 | | | 104,765 | | | 9 | | | — | | | 106,323 | |
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Amortization of acquired sales contracts, net | | — | | | (2,568 | ) | | — | | | — | | | (2,568 | ) |
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Change in fair value of coal derivatives and coal trading activities, net | | — | | | 9,753 | | | — | | | — | | | 9,753 | |
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Asset impairment and mine closure costs | | 57,668 | | | 142,729 | | | — | | | — | | | 200,397 | |
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Selling, general and administrative expenses | | 19,104 | | | 8,214 | | | 1,482 | | | — | | | 28,800 | |
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Other operating income, net | | 2,345 | | | (7,740 | ) | | — | | | — | | | (5,395 | ) |
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| | 80,835 | | | 943,696 | | | 1,491 | | | — | | | 1,026,022 | |
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Loss from investment in subsidiaries | | (61,537 | ) | | — | | | — | | | 61,537 | | | — | |
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Loss from operations | | (142,372 | ) | | (152,427 | ) | | (1,491 | ) | | 61,537 | | | (234,753 | ) |
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Interest expense, net | | | | | | | | | | | | | | | |
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Interest expense | | (114,536 | ) | | (6,222 | ) | | (1,070 | ) | | 26,204 | | | (95,624 | ) |
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Interest and investment income | | 6,606 | | | 18,975 | | | 1,320 | | | (26,204 | ) | | 697 | |
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| | (107,930 | ) | | 12,753 | | | 250 | | | — | | | (94,927 | ) |
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Loss from continuing operations before income taxes | | (250,302 | ) | | (139,674 | ) | | (1,241 | ) | | 61,537 | | | (329,680 | ) |
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Provision for (benefit from) income taxes | | (121,939 | ) | | — | | | 26 | | | — | | | (121,913 | ) |
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Loss from continuing operations | | (128,363 | ) | | (139,674 | ) | | (1,267 | ) | | 61,537 | | | (207,767 | ) |
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Income from discontinued operations, including gain on sale - net of tax | | — | | | 79,404 | | | — | | | — | | | 79,404 | |
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Net loss | | $ | (128,363 | ) | | $ | (60,270 | ) | | $ | (1,267 | ) | | $ | 61,537 | | | $ | (128,363 | ) |
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Total comprehensive loss | | $ | (125,996 | ) | | $ | (59,241 | ) | | $ | (1,267 | ) | | $ | 60,508 | | | $ | (125,996 | ) |
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Condensed Consolidating Statements of Operations |
Nine Months Ended September 30, 2013 |
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| | Parent/Issuer | | Guarantor | | Non- | | Eliminations | | Consolidated |
Subsidiaries | Guarantor |
| Subsidiaries |
| | (In thousands) |
Revenues | | $ | — | | | $ | 2,294,971 | | | $ | — | | | $ | — | | | $ | 2,294,971 | |
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Costs, expenses and other | | | | | | | | | | | |
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Cost of sales (exclusive of items shown separately below) | | 4,881 | | | 1,989,772 | | | — | | | — | | | 1,994,653 | |
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Depreciation, depletion and amortization | | 4,430 | | | 323,144 | | | 27 | | | — | | | 327,601 | |
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Amortization of acquired sales contracts, net | | — | | | (7,587 | ) | | — | | | — | | | (7,587 | ) |
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Change in fair value of coal derivatives and coal trading activities, net | | — | | | 2,053 | | | — | | | — | | | 2,053 | |
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Asset impairment and mine closure costs | | 78,150 | | | 142,729 | | | — | | | — | | | 220,879 | |
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Selling, general and administrative expenses | | 63,006 | | | 28,978 | | | 4,327 | | | — | | | 96,311 | |
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Other operating income, net | | (4,663 | ) | | (10,704 | ) | | (1,109 | ) | | — | | | (16,476 | ) |
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| | 145,804 | | | 2,468,385 | | | 3,245 | | | — | | | 2,617,434 | |
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Loss from investment in subsidiaries | | (42,199 | ) | | — | | | — | | | 42,199 | | | — | |
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Loss from operations | | (188,003 | ) | | (173,414 | ) | | (3,245 | ) | | 42,199 | | | (322,463 | ) |
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Interest expense, net | | | | | | | | | | | | | | | |
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Interest expense | | (336,310 | ) | | (18,502 | ) | | (3,170 | ) | | 72,528 | | | (285,454 | ) |
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Interest and investment income | | 22,917 | | | 49,986 | | | 4,374 | | | (72,528 | ) | | 4,749 | |
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| | (313,393 | ) | | 31,484 | | | 1,204 | | | — | | | (280,705 | ) |
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Loss from continuing operations before income taxes | | (501,396 | ) | | (141,930 | ) | | (2,041 | ) | | 42,199 | | | (603,168 | ) |
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Provision for (benefit from) income taxes | | (230,778 | ) | | — | | | 44 | | | — | | | (230,734 | ) |
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Loss from continuing operations | | (270,618 | ) | | (141,930 | ) | | (2,085 | ) | | 42,199 | | | (372,434 | ) |
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Income from discontinued operations, including gain on sale - net of tax | | — | | | 101,816 | | | — | | | — | | | 101,816 | |
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Net loss | | $ | (270,618 | ) | | $ | (40,114 | ) | | $ | (2,085 | ) | | $ | 42,199 | | | $ | (270,618 | ) |
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Total comprehensive loss | | $ | (262,717 | ) | | $ | (39,175 | ) | | $ | (2,085 | ) | | $ | 41,260 | | | $ | (262,717 | ) |
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Condensed Consolidating Statements of Operations |
Three Months Ended September 30, 2012 |
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| | Parent/Issuer | | Guarantor | | Non- | | Eliminations | | Consolidated |
Subsidiaries | Guarantor |
| Subsidiaries |
| | (In thousands) |
Revenues | | $ | — | | | $ | 975,170 | | | $ | — | | | $ | — | | | $ | 975,170 | |
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Costs, expenses and other | | | | | | | | | | | | | | | |
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Cost of sales (exclusive of items shown separately below) | | 2,437 | | | 806,052 | | | — | | | — | | | 808,489 | |
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Depreciation, depletion and amortization | | 1,399 | | | 117,534 | | | 9 | | | — | | | 118,942 | |
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Amortization of acquired sales contracts, net | | — | | | (4,093 | ) | | — | | | — | | | (4,093 | ) |
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Change in fair value of coal derivatives and coal trading activities, net | | — | | | 5,840 | | | — | | | — | | | 5,840 | |
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Asset impairment and mine closure costs | | — | | | (2,144 | ) | | — | | | — | | | (2,144 | ) |
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Legal contingencies | | — | | | (79,532 | ) | | — | | | — | | | (79,532 | ) |
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Selling, general and administrative expenses | | 22,051 | | | 9,432 | | | 1,783 | | | — | | | 33,266 | |
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Other operating income, net | | (11,052 | ) | | (13,699 | ) | | (89 | ) | | — | | | (24,840 | ) |
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| | 14,835 | | | 839,390 | | | 1,703 | | | — | | | 855,928 | |
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Income from investment in subsidiaries | | 164,152 | | | — | | | — | | | (164,152 | ) | | — | |
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Income (loss) from operations | | 149,317 | | | 135,780 | | | (1,703 | ) | | (164,152 | ) | | 119,242 | |
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Interest expense, net | | | | | | | | | | | | | | | |
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Interest expense | | (91,577 | ) | | (6,870 | ) | | (649 | ) | | 23,386 | | | (75,710 | ) |
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Interest and investment income | | 8,329 | | | 14,570 | | | 1,946 | | | (23,386 | ) | | 1,459 | |
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| | (83,248 | ) | | 7,700 | | | 1,297 | | | — | | | (74,251 | ) |
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Income (loss) from continuing operations before income taxes | | 66,069 | | | 143,480 | | | (406 | ) | | (164,152 | ) | | 44,991 | |
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Provision for income taxes | | 20,318 | | | — | | | — | | | — | | | 20,318 | |
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Income (loss) from continuing operations | | 45,751 | | | 143,480 | | | (406 | ) | | (164,152 | ) | | 24,673 | |
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Income from discontinued operations, net of tax | | — | | | 21,078 | | | — | | | — | | | 21,078 | |
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Net income (loss) | | $ | 45,751 | | | $ | 164,558 | | | $ | (406 | ) | | $ | (164,152 | ) | | $ | 45,751 | |
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Total comprehensive income (loss) | | $ | 44,299 | | | $ | 163,375 | | | $ | (406 | ) | | $ | (162,969 | ) | | $ | 44,299 | |
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Condensed Consolidating Statements of Operations |
Nine Months Ended September 30, 2012 |
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| | Parent/Issuer | | Guarantor | | Non- | | Eliminations | | Consolidated |
Subsidiaries | Guarantor |
| Subsidiaries |
| | (In thousands) |
Revenues | | $ | — | | | $ | 2,901,092 | | | $ | — | | | $ | — | | | $ | 2,901,092 | |
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Costs, expenses and other | | | | | | | | | | — | |
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Cost of sales (exclusive of items shown separately below) | | 7,694 | | | 2,406,612 | | | — | | | — | | | 2,414,306 | |
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Depreciation, depletion and amortization | | 3,959 | | | 370,648 | | | 24 | | | — | | | 374,631 | |
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Amortization of acquired sales contracts, net | | — | | | (22,561 | ) | | — | | | — | | | (22,561 | ) |
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Change in fair value of coal derivatives and coal trading activities, net | | — | | | (29,827 | ) | | — | | | — | | | (29,827 | ) |
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Asset impairment and mine closure costs | | — | | | 523,439 | | | — | | | — | | | 523,439 | |
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Goodwill impairment | | — | | | 115,791 | | | — | | | — | | | 115,791 | |
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Legal contingencies | | — | | | (79,532 | ) | | — | | | — | | | (79,532 | ) |
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Selling, general and administrative expenses | | 62,469 | | | 30,965 | | | 5,871 | | | — | | | 99,305 | |
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Other operating income, net | | (7,693 | ) | | (23,811 | ) | | (13,102 | ) | | — | | | (44,606 | ) |
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| | 66,429 | | | 3,291,724 | | | (7,207 | ) | | — | | | 3,350,946 | |
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Loss from investment in subsidiaries | | (324,429 | ) | | — | | | — | | | 324,429 | | | — | |
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Income (loss) from operations | | (390,858 | ) | | (390,632 | ) | | 7,207 | | | 324,429 | | | (449,854 | ) |
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Interest expense, net | | | | | | | | | | |
Interest expense | | (263,381 | ) | | (27,285 | ) | | (2,382 | ) | | 63,838 | | | (229,210 | ) |
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Interest and investment income | | 19,087 | | | 42,508 | | | 5,811 | | | (63,838 | ) | | 3,568 | |
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| | (244,294 | ) | | 15,223 | | | 3,429 | | | — | | | (225,642 | ) |
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Other non-operating expense | | | | | | | | | | |
Net loss resulting from early retirement of ICG debt | | (17,349 | ) | | (1,693 | ) | | — | | | — | | | (19,042 | ) |
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Income (loss) from continuing operations before income taxes | | (652,501 | ) | | (377,102 | ) | | 10,636 | | | 324,429 | | | (694,538 | ) |
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Provision for (benefit from) income taxes | | (264,237 | ) | | — | | | 1,581 | | | — | | | (262,656 | ) |
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Income (loss) from continuing operations | | (388,264 | ) | | (377,102 | ) | | 9,055 | | | 324,429 | | | (431,882 | ) |
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Income from discontinued operations, net of tax | | — | | | 43,618 | | | — | | | — | | | 43,618 | |
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Net Income (loss) | | (388,264 | ) | | (333,484 | ) | | 9,055 | | | 324,429 | | | (388,264 | ) |
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Less: Net income attributable to noncontrolling interest | | (268 | ) | | — | | | — | | | — | | | (268 | ) |
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Net Income (loss) attributable to Arch Coal, Inc. | | $ | (388,532 | ) | | $ | (333,484 | ) | | $ | 9,055 | | | $ | 324,429 | | | $ | (388,532 | ) |
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Total comprehensive income (loss) | | $ | (385,523 | ) | | $ | (336,648 | ) | | $ | 9,055 | | | $ | 327,593 | | | $ | (385,523 | ) |
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Condensed Consolidating Balance Sheets |
September 30, 2013 |
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| | Parent/Issuer | | Guarantor | | Non-Guarantor | | Eliminations | | Consolidated |
Subsidiaries | Subsidiaries |
| | (In thousands) |
Assets | | | | | | | | | | | | | | | |
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Cash and cash equivalents | | $ | 1,021,245 | | | $ | 100,410 | | | $ | 11,473 | | | $ | — | | | $ | 1,133,128 | |
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Restricted cash | | — | | | — | | | — | | | — | | | — | |
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Short term investments | | 248,724 | | | — | | | — | | | — | | | 248,724 | |
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Receivables | | 7,847 | | | 21,178 | | | 190,493 | | | (4,679 | ) | | 214,839 | |
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Inventories | | — | | | 287,409 | | | — | | | — | | | 287,409 | |
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Other | | 96,992 | | | 48,270 | | | 277 | | | — | | | 145,539 | |
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Total current assets | | 1,374,808 | | | 457,267 | | | 202,243 | | | (4,679 | ) | | 2,029,639 | |
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Property, plant and equipment, net | | 25,526 | | | 6,752,687 | | | 46 | | | (34 | ) | | 6,778,225 | |
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Investment in subsidiaries | | 7,992,601 | | | — | | | — | | | (7,992,601 | ) | | — | |
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Intercompany receivables | | — | | | 1,986,992 | | | — | | | (1,986,992 | ) | | — | |
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Note receivable from Arch Western | | 675,000 | | | — | | | — | | | (675,000 | ) | | — | |
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Other | | 147,950 | | | 575,551 | | | 90 | | | — | | | 723,591 | |
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Total other assets | | 8,815,551 | | | 2,562,543 | | | 90 | | | (10,654,593 | ) | | 723,591 | |
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Total assets | | $ | 10,215,885 | | | $ | 9,772,497 | | | $ | 202,379 | | | $ | (10,659,306 | ) | | $ | 9,531,455 | |
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Liabilities and Stockholders’ Equity | | | | | | | | | | | | | | | |
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Accounts payable | | $ | 20,728 | | | $ | 186,468 | | | $ | 77 | | | $ | — | | | $ | 207,273 | |
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Accrued expenses and other current liabilities | | 107,756 | | | 246,063 | | | 314 | | | (4,679 | ) | | 349,454 | |
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Current maturities of debt | | 19,343 | | | 3,707 | | | — | | | — | | | 23,050 | |
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Total current liabilities | | 147,827 | | | 436,238 | | | 391 | | | (4,679 | ) | | 579,777 | |
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Long-term debt | | 5,055,021 | | | 19,363 | | | — | | | — | | | 5,074,384 | |
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Intercompany payables | | 1,810,718 | | | — | | | 176,274 | | | (1,986,992 | ) | | — | |
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Note payable to Arch Coal | | — | | | 675,000 | | | — | | | (675,000 | ) | | — | |
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Asset retirement obligations | | 1,150 | | | 409,971 | | | — | | | — | | | 411,121 | |
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Accrued pension benefits | | 36,304 | | | 32,235 | | | — | | | — | | | 68,539 | |
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Accrued postretirement benefits other than pension | | 14,267 | | | 30,012 | | | — | | | — | | | 44,279 | |
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Accrued workers’ compensation | | 25,601 | | | 56,413 | | | — | | | — | | | 82,014 | |
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Deferred income taxes | | 484,130 | | | — | | | — | | | — | | | 484,130 | |
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Other noncurrent liabilities | | 59,179 | | | 146,055 | | | 323 | | | — | | | 205,557 | |
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Total liabilities | | 7,634,197 | | | 1,805,287 | | | 176,988 | | | (2,666,671 | ) | | 6,949,801 | |
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Stockholders’ equity | | 2,581,688 | | | 7,967,210 | | | 25,391 | | | (7,992,635 | ) | | 2,581,654 | |
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Total liabilities and stockholders’ equity | | $ | 10,215,885 | | | $ | 9,772,497 | | | $ | 202,379 | | | $ | (10,659,306 | ) | | $ | 9,531,455 | |
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Condensed Consolidating Balance Sheets |
December 31, 2012 |
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| | Parent/Issuer | | Guarantor | | Non-Guarantor | | Eliminations | | Consolidated |
Subsidiaries | Subsidiaries |
| | (In thousands) |
Assets | | | | | | | | | | | | | | | |
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Cash and cash equivalents | | $ | 671,313 | | | $ | 100,468 | | | $ | 12,841 | | | $ | — | | | $ | 784,622 | |
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Restricted cash | | 3,453 | | | — | | | — | | | — | | | 3,453 | |
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Short term investments | | 234,305 | | | — | | | — | | | — | | | 234,305 | |
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Receivables | | 49,281 | | | 40,452 | | | 247,171 | | | (4,824 | ) | | 332,080 | |
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Inventories | | — | | | 365,424 | | | — | | | — | | | 365,424 | |
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Other | | 106,786 | | | 86,877 | | | 557 | | | — | | | 194,220 | |
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Total current assets | | 1,065,138 | | | 593,221 | | | 260,569 | | | (4,824 | ) | | 1,914,104 | |
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Property, plant and equipment, net | | 27,476 | | | 7,309,550 | | | 72 | | | — | | | 7,337,098 | |
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Investment in subsidiaries | | 8,254,508 | | | — | | | — | | | (8,254,508 | ) | | — | |
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Intercompany receivables | | — | | | 1,600,311 | | | — | | | (1,600,311 | ) | | — | |
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Note receivable from Arch Western | | 675,000 | | | — | | | — | | | (675,000 | ) | | — | |
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Other | | 187,171 | | | 568,314 | | | 90 | | | — | | | 755,575 | |
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Total other assets | | 9,116,679 | | | 2,168,625 | | | 90 | | | (10,529,819 | ) | | 755,575 | |
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Total assets | | $ | 10,209,293 | | | $ | 10,071,396 | | | $ | 260,731 | | | $ | (10,534,643 | ) | | $ | 10,006,777 | |
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Liabilities and Stockholders’ Equity | | | | | | | | | | | | | | | |
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Accounts payable | | $ | 19,859 | | | $ | 204,370 | | | $ | 189 | | | $ | — | | | $ | 224,418 | |
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Accrued expenses and other current liabilities | | 65,293 | | | 259,162 | | | 124 | | | (4,824 | ) | | 319,755 | |
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Current maturities of debt | | 32,054 | | | 842 | | | — | | | — | | | 32,896 | |
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Total current liabilities | | 117,206 | | | 464,374 | | | 313 | | | (4,824 | ) | | 577,069 | |
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Long-term debt | | 5,061,925 | | | 23,954 | | | — | | | — | | | 5,085,879 | |
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Intercompany payables | | 1,367,739 | | | — | | | 232,572 | | | (1,600,311 | ) | | — | |
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Note payable to Arch Coal | | — | | | 675,000 | | | — | | | (675,000 | ) | | — | |
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Asset retirement obligations | | 1,646 | | | 408,059 | | | — | | | — | | | 409,705 | |
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Accrued pension benefits | | 33,456 | | | 34,174 | | | — | | | — | | | 67,630 | |
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Accrued postretirement benefits other than pension | | 13,953 | | | 31,133 | | | — | | | — | | | 45,086 | |
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Accrued workers’ compensation | | 25,323 | | | 56,306 | | | — | | | — | | | 81,629 | |
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Deferred income taxes | | 664,182 | | | — | | | — | | | — | | | 664,182 | |
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Other noncurrent liabilities | | 69,296 | | | 151,360 | | | 374 | | | — | | | 221,030 | |
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Total liabilities | | 7,354,726 | | | 1,844,360 | | | 233,259 | | | (2,280,135 | ) | | 7,152,210 | |
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Stockholders’ equity | | 2,854,567 | | | 8,227,036 | | | 27,472 | | | (8,254,508 | ) | | 2,854,567 | |
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Total liabilities and stockholders’ equity | | $ | 10,209,293 | | | $ | 10,071,396 | | | $ | 260,731 | | | $ | (10,534,643 | ) | | $ | 10,006,777 | |
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Condensed Consolidating Statements of Cash Flows |
Nine Months Ended September 30, 2013 |
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| | Parent/Issuer | | Guarantor | | Non-Guarantor | | Eliminations | | Consolidated |
Subsidiaries | Subsidiaries |
| | (In thousands) |
Cash provided by (used in) operating activities | | $ | (22,206 | ) | | $ | 153,868 | | | $ | 54,930 | | | $ | — | | | $ | 186,592 | |
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Investing Activities | | | | | | | | | | | |
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Capital expenditures | | (2,488 | ) | | (220,680 | ) | | — | | | — | | | (223,168 | ) |
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Minimum royalty payments | | — | | | (10,901 | ) | | — | | | — | | | (10,901 | ) |
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Proceeds from dispositions of property, plant and equipment | | — | | | 8,799 | | | — | | | — | | | 8,799 | |
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Proceeds from sales-leaseback transactions | | — | | | 34,919 | | | — | | | — | | | 34,919 | |
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Proceeds from sale of Canyon Fuel | | — | | | 422,663 | | | — | | | — | | | 422,663 | |
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Purchases of short term investments | | (85,418 | ) | | — | | | — | | | — | | | (85,418 | ) |
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Proceeds from sales of short term investments | | 67,255 | | | — | | | — | | | — | | | 67,255 | |
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Investments in and advances to affiliates | | (4,016 | ) | | (7,492 | ) | | — | | | 384 | | | (11,124 | ) |
|
Change in restricted cash | | 3,453 | | | — | | | — | | | — | | | 3,453 | |
|
Cash provided by (used in) investing activities | | (21,214 | ) | | 227,308 | | | — | | | 384 | | | 206,478 | |
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Financing Activities | | | | | | | | | | | | | | |
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Contributions from parent | | — | | | 384 | | | — | | | (384 | ) | | — | |
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Payments on term loan | | (12,375 | ) | | — | | | — | | | — | | | (12,375 | ) |
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Payments to retire debt | | — | | | (384 | ) | | — | | | — | | | (384 | ) |
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Net payments on other debt | | (12,700 | ) | | — | | | — | | | — | | | (12,700 | ) |
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Dividends paid | | (19,105 | ) | | — | | | — | | | — | | | (19,105 | ) |
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Transactions with affiliates, net | | 437,532 | | | (381,234 | ) | | (56,298 | ) | | — | | | — | |
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Cash provided by (used in) financing activities | | 393,352 | | | (381,234 | ) | | (56,298 | ) | | (384 | ) | | (44,564 | ) |
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Increase (decrease) in cash and cash equivalents | | 349,932 | | | (58 | ) | | (1,368 | ) | | — | | | 348,506 | |
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Cash and cash equivalents, beginning of period | | 671,313 | | | 100,468 | | | 12,841 | | | — | | | 784,622 | |
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Cash and cash equivalents, end of period | | $ | 1,021,245 | | | $ | 100,410 | | | $ | 11,473 | | | $ | — | | | $ | 1,133,128 | |
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Condensed Consolidating Statements of Cash Flows |
Nine Months Ended September 30, 2012 |
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| | Parent/Issuer | | Guarantor | | Non-Guarantor | | Eliminations | | Consolidated |
Subsidiaries | Subsidiaries |
| | (In thousands) |
Cash provided by (used in) operating activities | | $ | (610,129 | ) | | $ | 874,545 | | | $ | 91,979 | | | $ | — | | | $ | 356,395 | |
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Investing Activities | | | | | | | | | | | |
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Capital expenditures | | (4,150 | ) | | (299,818 | ) | | — | | | — | | | (303,968 | ) |
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Minimum royalty payments | | — | | | (9,192 | ) | | — | | | — | | | (9,192 | ) |
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Proceeds from dispositions of property, plant and equipment | | — | | | 1,127 | | | 21,497 | | | — | | | 22,624 | |
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Purchases of short term investments | | (99,628 | ) | | — | | | — | | | — | | | (99,628 | ) |
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Investments in and advances to affiliates | | (5,138 | ) | | (9,082 | ) | | — | | | 1,535 | | | (12,685 | ) |
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Purchase of noncontrolling interest | | — | | | (17,500 | ) | | — | | | — | | | (17,500 | ) |
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Change in restricted cash | | 6,872 | | | — | | | — | | | — | | | 6,872 | |
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Cash provided by (used in) investing activities | | (102,044 | ) | | (334,465 | ) | | 21,497 | | | 1,535 | | | (413,477 | ) |
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Financing Activities | | | | | | | | | | | | | | |
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Contributions from parent | | — | | | 1,535 | | | — | | | (1,535 | ) | | — | |
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Proceeds from issuance of term loan | | 1,386,000 | | | — | | | — | | | — | | | 1,386,000 | |
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Payments on term loan | | (3,500 | ) | | — | | | — | | | — | | | (3,500 | ) |
|
Payments to retire debt | | — | | | (452,806 | ) | | — | | | — | | | (452,806 | ) |
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Net decrease in borrowings under lines of credit | | (375,000 | ) | | — | | | (6,300 | ) | | — | | | (381,300 | ) |
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Net payments from other debt | | (13,078 | ) | | — | | | — | | | — | | | (13,078 | ) |
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Debt financing costs | | (34,640 | ) | | — | | | (46 | ) | | — | | | (34,686 | ) |
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Dividends paid | | (36,072 | ) | | — | | | — | | | — | | | (36,072 | ) |
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Proceeds from exercise of options under incentive plans | | 5,131 | | | — | | | — | | | — | | | 5,131 | |
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Transactions with affiliates, net | | 30,338 | | | 66,364 | | | (96,702 | ) | | — | | | — | |
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Cash provided by (used in) financing activities | | 959,179 | | | (384,907 | ) | | (103,048 | ) | | (1,535 | ) | | 469,689 | |
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Increase in cash and cash equivalents | | 247,006 | | | 155,173 | | | 10,428 | | | — | | | 412,607 | |
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Cash and cash equivalents, beginning of period | | 66,542 | | | 70,258 | | | 1,349 | | | — | | | 138,149 | |
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Cash and cash equivalents, end of period | | $ | 313,548 | | | $ | 225,431 | | | $ | 11,777 | | | $ | — | | | $ | 550,756 | |
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