Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 04, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'ARCH COAL INC | ' |
Entity Central Index Key | '0001037676 | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Sep-13 | ' |
Amendment Flag | 'false | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 212,279,999 |
Consolidated_Statements_Of_Ope
Consolidated Statements Of Operations (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Income Statement [Abstract] | ' | ' | ' | ' |
Revenues | $791,269 | $975,170 | $2,294,971 | $2,901,092 |
Costs and Expenses [Abstract] | ' | ' | ' | ' |
Cost of sales (exclusive of items shown separately below) | 688,712 | 808,489 | 1,994,653 | 2,414,306 |
Depreciation, depletion and amortization | 106,323 | 118,942 | 327,601 | 374,631 |
Amortization of acquired sales contracts, net | -2,568 | -4,093 | -7,587 | -22,561 |
Change in fair value of coal derivatives and coal trading activities, net | 9,753 | 5,840 | 2,053 | -29,827 |
Asset impairment and mine closure costs | 200,397 | -2,144 | 220,879 | 523,439 |
Goodwill impairment | ' | ' | ' | 115,791 |
Legal contingencies | ' | -79,532 | ' | -79,532 |
Selling, general and administrative expenses | 28,800 | 33,266 | 96,311 | 99,305 |
Other operating income, net | -5,395 | -24,840 | -16,476 | -44,606 |
Total operating expenses | 1,026,022 | 855,928 | 2,617,434 | 3,350,946 |
Income (loss) from operations | -234,753 | 119,242 | -322,463 | -449,854 |
Interest expense, net | ' | ' | ' | ' |
Interest expense | -95,624 | -75,710 | -285,454 | -229,210 |
Interest and investment income | 697 | 1,459 | 4,749 | 3,568 |
Interest expense, net | -94,927 | -74,251 | -280,705 | -225,642 |
Other nonoperating expense: | ' | ' | ' | ' |
Net loss resulting from early retirement and refinancing of debt | ' | ' | ' | -19,042 |
Loss from continuing operations before income taxes | -329,680 | 44,991 | -603,168 | -694,538 |
Provision for (benefit from) income taxes | -121,913 | 20,318 | -230,734 | -262,656 |
Income (loss) from continuing operations | -207,767 | 24,673 | -372,434 | -431,882 |
Income from discontinued operations, including gain on sale - net of tax | 79,404 | 21,078 | 101,816 | 43,618 |
Net income (loss) | -128,363 | 45,751 | -270,618 | -388,264 |
Less: Net income attributable to noncontrolling interest | ' | ' | ' | -268 |
Net income (loss) attributable to Arch Coal, Inc. | ($128,363) | $45,751 | ($270,618) | ($388,532) |
Earnings (loss) per common share | ' | ' | ' | ' |
Income (Loss) from Continuing Operations, Per Basic Share | ($0.98) | $0.12 | ($1.76) | ($2.04) |
Income (Loss) from Continuing Operations, Per Diluted Share | ($0.98) | $0.12 | ($1.76) | ($2.04) |
Basic earnings (loss) per common share | ($0.61) | $0.22 | ($1.28) | ($1.83) |
Diluted earnings (loss) per common share | ($0.61) | $0.22 | ($1.28) | ($1.83) |
Weighted average shares outstanding | ' | ' | ' | ' |
Basic, weighted average shares outstanding | 212,111 | 212,053 | 212,085 | 211,931 |
Diluted, weighted average shares outstanding | 212,111 | 212,076 | 212,085 | 211,931 |
Dividends declared per common share | $0.03 | $0.03 | $0.09 | $0.17 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' | ' | ' |
Net income (loss) | ($128,363) | $45,751 | ($270,618) | ($388,264) |
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax | 1,346 | -439 | -224 | 10,586 |
Derivatives Qualifying as Hedges, Tax benefit | -486 | 157 | 82 | -3,810 |
Derivatives Qualifying as Hedges, Adjustment, Net of Tax | 860 | -282 | -142 | 6,776 |
Pension and Other Postretirement Benefit Plans, Total comprehensive income (loss) before tax | 1,277 | -989 | 4,981 | -5,957 |
Pension and Other Postretirement Benefit Plans, Tax impact | -458 | 374 | -1,791 | 2,162 |
Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax | 819 | -615 | 3,190 | -3,795 |
Available-for-sale Securities Adjustment, Total comprehensive income (loss) before tax | 1,136 | -869 | 7,648 | -377 |
Available-for-sale Securities, Tax benefit | -448 | 314 | -2,795 | 137 |
Available-for-sale Securities Adjustment, Net of Tax | 688 | -555 | 4,853 | -240 |
Total other comprehensive income (loss) | 2,367 | -1,452 | 7,901 | 2,741 |
Total comprehensive income (loss) | ($125,996) | $44,299 | ($262,717) | ($385,523) |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets | ' | ' |
Cash and cash equivalents | $1,133,128 | $784,622 |
Restricted cash | ' | 3,453 |
Short term investments | 248,724 | 234,305 |
Trade accounts receivable | 190,723 | 247,539 |
Other receivables | 24,116 | 84,541 |
Inventories | 287,409 | 365,424 |
Prepaid royalties | 8,350 | 11,416 |
Deferred income taxes | 67,381 | 67,360 |
Coal derivative assets | 22,836 | 22,975 |
Other current assets | 46,972 | 92,469 |
Total current assets | 2,029,639 | 1,914,104 |
Property, plant and equipment, net | 6,778,225 | 7,337,098 |
Other assets | ' | ' |
Prepaid royalties | 85,001 | 87,773 |
Goodwill | 265,423 | 265,423 |
Equity investments | 223,554 | 242,215 |
Other noncurrent assets | 149,613 | 160,164 |
Total other assets | 723,591 | 755,575 |
Total assets | 9,531,455 | 10,006,777 |
Current liabilities | ' | ' |
Accounts payable | 207,273 | 224,418 |
Coal derivative liabilities | 421 | 1,737 |
Accrued expenses and other current liabilities | 349,033 | 318,018 |
Current maturities of debt | 23,050 | 32,896 |
Total current liabilities | 579,777 | 577,069 |
Long-term debt | 5,074,384 | 5,085,879 |
Asset retirement obligations | 411,121 | 409,705 |
Accrued pension benefits | 68,539 | 67,630 |
Accrued postretirement benefits other than pension | 44,279 | 45,086 |
Accrued workers’ compensation | 82,014 | 81,629 |
Deferred income taxes | 484,130 | 664,182 |
Other noncurrent liabilities | 205,557 | 221,030 |
Total liabilities | 6,949,801 | 7,152,210 |
Stockholders' equity | ' | ' |
Common stock, $0.01 par value, authorized 260,000 shares, issued 213,792 and 213,759 shares at September 30, 2013 and December 31, 2012 | 2,141 | 2,141 |
Paid-in capital | 3,035,732 | 3,026,823 |
Treasury stock, at cost | -53,848 | -53,848 |
Accumulated deficit | -393,765 | -104,042 |
Accumulated other comprehensive loss | -8,606 | -16,507 |
Total stockholders’ equity | 2,581,654 | 2,854,567 |
Total liabilities and stockholders’ equity | $9,531,455 | $10,006,777 |
Balance_Sheet_Parenthetical_Pa
Balance Sheet Parenthetical (Parentheticals) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Statement of Financial Position [Abstract] | ' | ' |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 260,000,000 | 260,000,000 |
Common stock, shares issued | 213,792,000 | 213,759,000 |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Operating activties | ' | ' |
Net income (loss) | ($270,618) | ($388,264) |
Adjustments to reconcile net loss to cash provided by operating activities: | ' | ' |
Depreciation, depletion and amortization | 348,863 | 399,672 |
Amortization of acquired sales contracts, net | -7,587 | -22,561 |
Amortization relating to financing activities | 18,525 | 14,345 |
Prepaid royalties expensed | 11,973 | 19,802 |
Employee stock-based compensation expense | 8,909 | 9,435 |
Asset impairment and noncash mine closure costs | 220,879 | 501,942 |
Amortization of premiums on debt securities held | 3,679 | ' |
Gain on sale of Canyon Fuel | -115,679 | ' |
Goodwill impairment | ' | 115,791 |
Net loss resulting from early retirement of debt and financing activities | ' | 19,042 |
Changes in: | ' | ' |
Receivables | 72,436 | 102,252 |
Inventories | 21,387 | -16,635 |
Coal derivative assets and liabilities | -1,568 | -29,523 |
Accounts payable, accrued expenses and other current liabilities | 19,287 | -51,968 |
Income taxes, net | 787 | 22,048 |
Deferred income taxes | 184,418 | 255,530 |
Other | 39,737 | -83,453 |
Cash provided by operating activities | 186,592 | 356,395 |
Investing activities | ' | ' |
Capital expenditures | -223,168 | -303,968 |
Minimum royalty payments | -10,901 | -9,192 |
Proceeds from dispositions of property, plant and equipment | 8,799 | 22,624 |
Proceeds from sale-leaseback transactions | 34,919 | ' |
Proceeds from sale of Canyon Fuel | 422,663 | ' |
Purchases of short term investments | -85,418 | -99,628 |
Proceeds from sales of short term investments | 67,255 | ' |
Investments in and advances to affiliates | -11,124 | -12,685 |
Purchase of noncontrolling interest | ' | -17,500 |
Change in restricted cash | 3,453 | 6,872 |
Cash provided by (used in) investing activities | 206,478 | -413,477 |
Financing activities | ' | ' |
Proceeds from issuance of term loan | ' | 1,386,000 |
Payments on term loan | -12,375 | -3,500 |
Payments to retire debt | -384 | -452,806 |
Net decrease in borrowings under lines of credit | ' | -381,300 |
Net payments on other debt | -12,700 | -13,078 |
Debt financing costs | ' | -34,686 |
Dividends paid | -19,105 | -36,072 |
Proceeds from exercise of options under incentive plans | ' | 5,131 |
Cash provided by (used in) financing activities | -44,564 | 469,689 |
Increase in cash and cash equivalents | 348,506 | 412,607 |
Cash and cash equivalents, beginning of period | 784,622 | 138,149 |
Cash and cash equivalents, end of period | $1,133,128 | $550,756 |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
Basis of Presentation | |
The accompanying unaudited condensed consolidated financial statements include the accounts of Arch Coal, Inc. and its subsidiaries and controlled entities (the “Company”). The Company’s primary business is the production of thermal and metallurgical coal from surface and underground mines located throughout the United States, for sale to utility, industrial and steel producers both in the United States and around the world. The Company currently operates mining complexes in West Virginia, Kentucky, Maryland, Virginia, Illinois, Wyoming and Colorado. In addition, the Company is developing a metallurgical coal mine in West Virginia. All subsidiaries are wholly-owned. Intercompany transactions and accounts have been eliminated in consolidation. | |
The Company completed the sale of a subsidiary comprised of three mining complexes in the Western Bituminous reportable segment ("WBIT") on August 16, 2013. The results of these mining complexes have been segregated from continuing operations and are reflected, net of tax, as discontinued operations in the condensed consolidated statements of operations for all periods presented. See further discussion in Note 3, "Discontinued Operations". | |
In response to decreasing demand for thermal coal in Appalachia, the Company closed four mining complexes, temporarily idled a fifth complex, and curtailed production at other mines in the region in the second quarter of 2012. The operations continued to ship from inventory into the third quarter of 2012. The results for the closed and idled complexes are reflected in continuing operations in the condensed consolidating statements of operations for the three and nine month periods ended September 30, 2012. See further discussion in Note 5, "Impairment Charges". | |
The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial reporting and U.S. Securities and Exchange Commission regulations. In the opinion of management, all adjustments, consisting of normal, recurring accruals considered necessary for a fair presentation, have been included. Results of operations for the three and nine month periods ended September 30, 2013 are not necessarily indicative of results to be expected for the year ending December 31, 2013. These financial statements should be read in conjunction with the audited financial statements and related notes as of and for the year ended December 31, 2012 included in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission. |
Accounting_Policies_Accounting
Accounting Policies Accounting Policies | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Accounting Policies | ' |
Accounting Policies | |
There is no new accounting guidance that is expected to have a significant impact on the Company’s financial statements. |
Discontinued_Operations
Discontinued Operations | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | |||||||||||||||
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | ' | |||||||||||||||
Discontinued Operations | ||||||||||||||||
As part of a strategy to divest its non-core thermal coal assets, the Company entered into a definitive agreement on June 27, 2013 to sell Canyon Fuel Company, LLC (Canyon Fuel), to Bowie Resources, LLC. Canyon Fuel operated two longwall mining complexes and a continuous miner operation in Utah. The sale was completed on August 16, 2013, for $422.7 million in cash, including adjustments to initial working capital estimates. The purchase price is subject to final working capital adjustments, which we do not expect to have a significant impact on our results of operations or liquidity. | ||||||||||||||||
The following table summarizes the results of discontinued operations: | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(In thousands) | ||||||||||||||||
Total Revenues | $ | 45,763 | $ | 112,448 | $ | 219,002 | $ | 289,715 | ||||||||
Income from discontinued operations before income taxes | $ | 3,429 | $ | 16,718 | $ | 32,166 | $ | 50,911 | ||||||||
Gain on sale | 115,679 | — | 115,679 | — | ||||||||||||
Income tax expense (benefit) | 39,704 | (4,360 | ) | 46,029 | 7,293 | |||||||||||
Income from discontinued operations, including gain on sale - net of tax | $ | 79,404 | $ | 21,078 | $ | 101,816 | $ | 43,618 | ||||||||
Basic earnings per common share from discontinued operations | $ | 0.37 | $ | 0.1 | $ | 0.48 | $ | 0.21 | ||||||||
Diluted earnings per common share from discontinued operations | $ | 0.37 | $ | 0.1 | $ | 0.48 | $ | 0.21 | ||||||||
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income (Loss) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Abstract] | ' | |||||||||||||||
Comprehensive Income (Loss) Note [Text Block] | ' | |||||||||||||||
Accumulated Other Comprehensive Loss | ||||||||||||||||
Other comprehensive loss includes transactions recorded in stockholders' equity during the year, excluding net income and transactions with stockholders. In February 2013, the FASB issued ASU 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. The standard requires that companies present, either parenthetically on the face of the financial statements or in a single note, the effect of significant amounts reclassified from each component of accumulated other comprehensive income and the income statement line items affected by the reclassification. The Company adopted the provisions of the new guidance in the first quarter of 2013. | ||||||||||||||||
The following items are included in accumulated other comprehensive loss: | ||||||||||||||||
Pension, | ||||||||||||||||
Postretirement | ||||||||||||||||
and Other | Accumulated | |||||||||||||||
Post- | Other | |||||||||||||||
Derivative | Employment | Available-for- | Comprehensive | |||||||||||||
Instruments | Benefits | Sale Securities | Loss | |||||||||||||
(In thousands) | ||||||||||||||||
Balance at December 31, 2012 | $ | 2,244 | $ | (18,286 | ) | $ | (465 | ) | $ | (16,507 | ) | |||||
Unrealized gains | 1,197 | 1,938 | 4,653 | 7,788 | ||||||||||||
Amounts reclassified from accumulated other comprehensive income | (1,339 | ) | 1,252 | 200 | 113 | |||||||||||
Balance at September 30, 2013 | $ | 2,102 | $ | (15,096 | ) | $ | 4,388 | $ | (8,606 | ) | ||||||
The following amounts were reclassified out of accumulated other comprehensive loss: | ||||||||||||||||
Amount Reclassified from | ||||||||||||||||
Accumulated Comprehensive Loss | Line Item in the | |||||||||||||||
Details about accumulated other | Three Months Ended | Nine Months Ended | Condensed Consolidated | |||||||||||||
comprehensive income components | 30-Sep-13 | 30-Sep-13 | Statement of Operations | |||||||||||||
(In thousands) | ||||||||||||||||
Derivative instruments | $ | 692 | $ | 2,093 | Revenues | |||||||||||
(249 | ) | (754 | ) | Provision for (benefit from) income taxes | ||||||||||||
$ | 443 | $ | 1,339 | Net of tax | ||||||||||||
Pension, postretirement and other post-employment benefits | ||||||||||||||||
Amortization of prior service credits | $ | 5,573 | $ | 11,154 | 1 | |||||||||||
Amortization of actuarial gains (losses), net | (3,823 | ) | (13,108 | ) | 1 | |||||||||||
1,750 | (1,954 | ) | Total before tax | |||||||||||||
(631 | ) | 702 | Provision for (benefit from) income taxes | |||||||||||||
$ | 1,119 | $ | (1,252 | ) | Net of tax | |||||||||||
Available-for-sale securities | $ | (4 | ) | $ | (313 | ) | 2 | Interest and investment income | ||||||||
2 | 113 | Provision for (benefit from) income taxes | ||||||||||||||
$ | (2 | ) | $ | (200 | ) | Net of tax | ||||||||||
1 Production-related benefits and workers' compensation costs are included in costs to produce coal. See Note 14, "Workers' Compensation Expense" and Note 15 "Employee Benefit Plans" for more information about pension, postretirement and postemployment benefit costs. | ||||||||||||||||
2 The gains and losses on sales of available-for-sale-securities are determined on a specific identification basis. |
Impairment_Charges
Impairment Charges | 9 Months Ended |
Sep. 30, 2013 | |
Impairment charges [Abstract] | ' |
Asset Impairment Charges [Text Block] | ' |
Impairment charges | |
Weak thermal coal markets in Appalachia are expected to persist longer than the Company previously anticipated, which caused the Company to assess in the third quarter of 2013 whether the carrying values of certain assets were recoverable through future cash flows. The Company determined that the carrying amounts of certain assets associated with the Hazard mining complex in Kentucky and the Company's ADDCAR subsidiary, which manufactures and sells its patented highwall mining system, could not be recovered through future cash flows expected to be generated from use of the assets and their ultimate disposal. | |
The assets' fair values were determined based on projections of cash flows to be generated from use of the assets and their ultimate disposal including estimates relating to market demand, coal prices, production costs and mine plans, and recovery value of the assets. An impairment loss of $142.8 million was recognized to write the carrying value of the assets to their fair value of $71.3 million. These losses are reflected on the line "Asset impairment and mine closure costs" in the condensed consolidated statements of operations. | |
During the third quarter of 2013, the Company also recognized an other-than-temporary impairment of an equity method investment. See further discussion in Note 8, "Equity Method Investments and Membership Interests in Joint Ventures." | |
In the second quarter of 2012, the closure and idling of mines in Appalachia discussed in Note 1, "Basis of Presentation" resulted in closure costs and impairment charges of $523.4 million that are reflected on the line "Asset impairment and mine closures costs" in the condensed consolidated statements of operations. |
Inventories
Inventories | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Inventories | ' | ||||||||
Inventories | |||||||||
Inventories consist of the following: | |||||||||
30-Sep | 31-Dec | ||||||||
2013 | 2012 | ||||||||
(In thousands) | |||||||||
Coal | $ | 134,481 | $ | 180,917 | |||||
Repair parts and supplies | 143,763 | 172,139 | |||||||
Work-in-process | 9,165 | 12,368 | |||||||
$ | 287,409 | $ | 365,424 | ||||||
The repair parts and supplies are stated net of an allowance for slow-moving and obsolete inventories of $8.8 million at September 30, 2013 and $13.6 million at December 31, 2012. |
Investments_in_AvailableforSal
Investments in Available-for-Sale Securities | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Available-for-sale Securities [Abstract] | ' | |||||||||||||||||||||||
Available-for-sale Securities [Text Block] | ' | |||||||||||||||||||||||
. Investments in Available-for-Sale Securities | ||||||||||||||||||||||||
The Company has invested in marketable debt securities, primarily highly liquid AA - rated corporate bonds and U.S. government and government agency securities. These investments are held in the custody of a major financial institution. These securities, along with the Company's investments in marketable equity securities, are classified as available-for-sale securities and, accordingly, the unrealized gains and losses are recorded through other comprehensive income. | ||||||||||||||||||||||||
The Company's investments in available-for-sale marketable securities are as follows: | ||||||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||||||
Balance Sheet | ||||||||||||||||||||||||
Gross | Gross | Classification | ||||||||||||||||||||||
Unrealized | Unrealized | Fair | Short-Term | Other | ||||||||||||||||||||
Cost Basis | Gains | Losses | Value | Investments | Assets | |||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Available-for-sale: | ||||||||||||||||||||||||
U.S. government and agency securities | $ | 123,809 | $ | 7 | $ | (126 | ) | $ | 123,690 | $ | 123,690 | $ | — | |||||||||||
Corporate notes and bonds | 125,479 | 21 | (466 | ) | 125,034 | 125,034 | — | |||||||||||||||||
Equity securities | 5,271 | 10,284 | (2,865 | ) | 12,690 | — | 12,690 | |||||||||||||||||
Total Investments | $ | 254,559 | $ | 10,312 | $ | (3,457 | ) | $ | 261,414 | $ | 248,724 | $ | 12,690 | |||||||||||
December 31, 2012 | ||||||||||||||||||||||||
Balance Sheet | ||||||||||||||||||||||||
Gross | Gross | Classification | ||||||||||||||||||||||
Unrealized | Unrealized | Fair | Short-Term | Other | ||||||||||||||||||||
Cost Basis | Gains | Losses | Value | Investments | Assets | |||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Available-for-sale: | ||||||||||||||||||||||||
U.S. government and agency securities | $ | 146,993 | $ | 2 | $ | (412 | ) | $ | 146,583 | $ | 146,583 | $ | — | |||||||||||
Corporate notes and bonds | 88,118 | — | (396 | ) | 87,722 | 87,722 | — | |||||||||||||||||
Equity securities | 5,271 | 2,704 | (2,628 | ) | 5,347 | — | 5,347 | |||||||||||||||||
Total Investments | $ | 240,382 | $ | 2,706 | $ | (3,436 | ) | $ | 239,652 | $ | 234,305 | $ | 5,347 | |||||||||||
The aggregate fair value of investments with unrealized losses that have been owned for less than a year was $167.5 million and $223.3 million at September 30, 2013 and December 31, 2012, respectively. The aggregate fair value of investments with unrealized losses that have been owned for over a year was $51.6 million and $0.4 million at September 30, 2013 and December 31, 2012, respectively. | ||||||||||||||||||||||||
The debt securities outstanding at September 30, 2013 have maturity dates ranging from the fourth quarter of 2013 through the first quarter of 2015. The Company classifies its investments as current based on the nature of the investments and their availability to provide cash for use in current operations. |
Equity_Investments_And_Members
Equity Investments And Membership Interests In Joint Ventures | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||
Equity Method Investments and Joint Ventures [Abstract] | ' | ||||||||||||||||||||||||||||
Equity Investments and Membership Interests in Joint Ventures | ' | ||||||||||||||||||||||||||||
Equity Method Investments and Membership Interests in Joint Ventures | |||||||||||||||||||||||||||||
The Company accounts for its investments and membership interests in joint ventures under the equity method of accounting if the Company has the ability to exercise significant influence, but not control, over the entity. Below are the equity method investments reflected in the condensed consolidated balance sheets: | |||||||||||||||||||||||||||||
In thousands | Knight Hawk | DKRW | DTA | Tenaska | Millennium | Tongue River | Total | ||||||||||||||||||||||
Balance at December 31, 2012 | $ | 149,063 | $ | 15,515 | $ | 15,462 | $ | 15,264 | $ | 32,214 | $ | 14,697 | $ | 242,215 | |||||||||||||||
Advances to (distributions from) affiliates, net | (5,342 | ) | — | 2,537 | — | 4,954 | 2,696 | 4,845 | |||||||||||||||||||||
Equity in comprehensive income (loss) | 13,362 | (1,832 | ) | (3,855 | ) | — | (1,953 | ) | (281 | ) | 5,441 | ||||||||||||||||||
Impairment of equity investment | — | (13,683 | ) | — | (15,264 | ) | — | — | (28,947 | ) | |||||||||||||||||||
Balance at September 30, 2013 | $ | 157,083 | $ | — | $ | 14,144 | $ | — | $ | 35,215 | $ | 17,112 | $ | 223,554 | |||||||||||||||
Equity method investments are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the investments may not be recoverable. Certain of the Company's investments are in development stage companies whose success depends on factors including receipt of permits and other regulatory environment issues, the ability of the investee companies to raise additional funds in financial markets that can be volatile, and other key business factors. | |||||||||||||||||||||||||||||
During the second quarter of 2013, Tenaska Trailblazer Partners, LLC ("Tenaska") announced that it was discontinuing its development plans for the Trailblazer Energy Center in Texas. As a result, the Company recorded a $20.5 million impairment charge, which consisted of its 35% equity investment of $15.3 million and a $5.2 million receivable balance related to reimbursements for development work. | |||||||||||||||||||||||||||||
DKRW Advanced Fuels, LLC ("DKRW") had previously entered into an Engineering, Procurement and Construction Agreement with a Chinese company to construct and commission the Medicine Bow coal-to-liquids facility. The project did not progress to the next stage of development, and the Company recorded an other-than-temporary impairment charge of $57.7 million in the third quarter of 2013, which includes the Company's 24% equity investment of $13.7 million and a $44.0 million loan receivable balance. The impairment charges are included on the line "Asset impairment and mine closure costs" in the condensed consolidated statement of operations. | |||||||||||||||||||||||||||||
The Company may be required to make future contingent payments of up to $58.5 million related to development financing for certain of its equity investees. The Company’s obligation to make these payments, as well as the timing of any payments required, is contingent upon the achievement of project development milestones, which can be affected by the factors named above. |
Derivatives
Derivatives | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Derivatives | ' | ||||||||||||||||||||||||
Derivatives | |||||||||||||||||||||||||
Diesel fuel price risk management | |||||||||||||||||||||||||
The Company is exposed to price risk with respect to diesel fuel purchased for use in its operations. The Company anticipates purchasing approximately 57 to 67 million gallons of diesel fuel for use in its operations during 2013. To protect the Company’s cash flows from increases in the price of diesel fuel for its operations, the Company uses forward physical diesel purchase contracts and purchased heating oil call options. At September 30, 2013, the Company had protected the price of approximately 94% of its expected purchases for the remainder of 2013 and 82% of its expected 2014 purchases. At September 30, 2013, the Company had purchased heating oil call options for approximately 65 million gallons for the purpose of managing the price risk associated with future diesel purchases. | |||||||||||||||||||||||||
The Company has also purchased heating oil call options to manage the price risk associated with fuel surcharges on its barge and rail shipments, which cover increases in diesel fuel prices for the respective carriers. At September 30, 2013, the Company held heating oil call options for 2.8 million gallons that will settle in the remainder of 2013 and 3.8 million gallons that will settle ratably in 2014 for the purpose of managing the fluctuations in cash flows associated with fuel surcharges on future shipments. | |||||||||||||||||||||||||
These positions reduce the Company’s risk of cash flow fluctuations related to these surcharges but the positions are not accounted for as hedges. | |||||||||||||||||||||||||
Coal risk management positions | |||||||||||||||||||||||||
The Company may sell or purchase forward contracts, swaps and options in the over-the-counter coal market in order to manage its exposure to coal prices. The Company has exposure to the risk of fluctuating coal prices related to forecasted sales or purchases of coal or to the risk of changes in the fair value of a fixed price physical sales contract. Certain derivative contracts may be designated as hedges of these risks. | |||||||||||||||||||||||||
At September 30, 2013, the Company held derivatives for risk management purposes that are expected to settle in the following years: | |||||||||||||||||||||||||
(Tons in thousands) | 2013 | 2014 | 2015 | Total | |||||||||||||||||||||
Coal sales | 2,314 | 4,458 | 780 | 7,552 | |||||||||||||||||||||
Coal purchases | 609 | 1,260 | — | 1,869 | |||||||||||||||||||||
Coal trading positions | |||||||||||||||||||||||||
The Company may sell or purchase forward contracts, swaps and options in the over-the-counter coal market for trading purposes. The Company is exposed to the risk of changes in coal prices on the value of its coal trading portfolio. The estimated future realization of the value of the trading portfolio is $0.4 million of gains in the remainder of 2013 and $7.0 million of gains in 2014. | |||||||||||||||||||||||||
Tabular derivatives disclosures | |||||||||||||||||||||||||
The Company has master netting agreements with all of its counterparties which allow for the settlement of contracts in an asset position with contracts in a liability position in the event of default or termination. Such netting arrangements reduce the Company’s credit exposure related to these counterparties. For classification purposes, the Company records the net fair value of all the positions with a given counterparty as a net asset or liability in the condensed consolidated balance sheets. The amounts shown in the table below represent the fair value position of individual contracts, and not the net position presented in the accompanying condensed consolidated balance sheets. The fair value and location of derivatives reflected in the accompanying condensed consolidated balance sheets are as follows: | |||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||
Fair Value of Derivatives | Asset | Liability | Asset | Liability | |||||||||||||||||||||
(In thousands) | Derivative | Derivative | Derivative | Derivative | |||||||||||||||||||||
Derivatives Designated as Hedging Instruments | |||||||||||||||||||||||||
Coal | $ | 3,009 | $ | (4 | ) | $ | 3,277 | $ | (10 | ) | |||||||||||||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||||||||||||
Heating oil -- diesel purchases | 3,825 | — | 7,379 | — | |||||||||||||||||||||
Heating oil -- fuel surcharges | 400 | — | 1,961 | — | |||||||||||||||||||||
Coal -- held for trading purposes | 59,789 | (52,383 | ) | 17,403 | (16,933 | ) | |||||||||||||||||||
Coal -- risk management | 15,907 | (3,903 | ) | 24,843 | (7,342 | ) | |||||||||||||||||||
Total | 79,921 | (56,286 | ) | 51,586 | (24,275 | ) | |||||||||||||||||||
Total derivatives | 82,930 | (56,290 | ) | 54,863 | (24,285 | ) | |||||||||||||||||||
Effect of counterparty netting | (55,869 | ) | 55,869 | (22,548 | ) | 22,548 | |||||||||||||||||||
Net derivatives as classified in the balance sheets | $ | 27,061 | $ | (421 | ) | $ | 26,640 | $ | 32,315 | $ | (1,737 | ) | $ | 30,578 | |||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||
Net derivatives as reflected on the balance sheets | |||||||||||||||||||||||||
Heating oil | Other current assets | $ | 4,225 | $ | 9,340 | ||||||||||||||||||||
Coal | Coal derivative assets | 22,836 | 22,975 | ||||||||||||||||||||||
Coal derivative liabilities | (421 | ) | (1,737 | ) | |||||||||||||||||||||
$ | 26,640 | $ | 30,578 | ||||||||||||||||||||||
The Company had a current liability for the obligation to post cash collateral of $4.9 million at September 30, 2013 and a current asset for the right to reclaim cash collateral of $16.2 million at December 31, 2012. These amounts are not included with the derivatives presented in the table above and are included in "accrued expenses and other current liabilities" and “other current assets”, respectively, in the accompanying condensed consolidated balance sheets. | |||||||||||||||||||||||||
The effects of derivatives on measures of financial performance are as follows: | |||||||||||||||||||||||||
Derivatives used in Cash Flow Hedging Relationships (in thousands) | |||||||||||||||||||||||||
For the three months ended September 30, | |||||||||||||||||||||||||
Gain (Loss) Recognized in Other Comprehensive Income(Effective Portion) | Gains (Losses) Reclassified from Other Comprehensive Income into Income | ||||||||||||||||||||||||
(Effective Portion) | |||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Coal sales | (1) | $ | 3,132 | $ | 259 | $ | 911 | $ | 542 | ||||||||||||||||
Coal purchases | (2) | (942 | ) | (178 | ) | (123 | ) | — | |||||||||||||||||
Totals | $ | 2,190 | $ | 81 | $ | 788 | $ | 542 | |||||||||||||||||
No ineffectiveness or amounts excluded from effectiveness testing relating to the Company’s cash flow hedging relationships were recognized in the results of operations in the three month periods ended September 30, 2013 and 2012. | |||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments (in thousands) | |||||||||||||||||||||||||
For the three months ended September 30, | |||||||||||||||||||||||||
Gain (Loss) Recognized | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Coal — unrealized | (3) | $ | (10,668 | ) | $ | (11,328 | ) | ||||||||||||||||||
Coal — realized | (4) | $ | 9,929 | $ | 14,072 | ||||||||||||||||||||
Heating oil — diesel purchases | (4) | $ | (288 | ) | $ | 5,184 | |||||||||||||||||||
Heating oil — fuel surcharges | (4) | $ | (222 | ) | $ | 1,092 | |||||||||||||||||||
____________________________________________________________ | |||||||||||||||||||||||||
Location in statement of operations: | |||||||||||||||||||||||||
(1) — Revenues | |||||||||||||||||||||||||
(2) — Cost of sales | |||||||||||||||||||||||||
(3) — Change in fair value of coal derivatives and coal trading activities, net | |||||||||||||||||||||||||
(4) — Other operating income, net | |||||||||||||||||||||||||
Derivatives used in Cash Flow Hedging Relationships (in thousands) | |||||||||||||||||||||||||
For the nine months ended September 30 | |||||||||||||||||||||||||
Gain (Loss) Recognized in Other Comprehensive Income(Effective Portion) | Gains (Losses) Reclassified from Other Comprehensive Income into Income | ||||||||||||||||||||||||
(Effective Portion) | |||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Coal sales | (1) | $ | 2,308 | $ | 4,983 | $ | 2,822 | $ | 1,552 | ||||||||||||||||
Coal purchases | (2) | (511 | ) | (1,122 | ) | (633 | ) | — | |||||||||||||||||
Totals | $ | 1,797 | $ | 3,861 | $ | 2,189 | $ | 1,552 | |||||||||||||||||
No ineffectiveness or amounts excluded from effectiveness testing relating to the Company’s cash flow hedging relationships were recognized in the results of operations in the nine month periods ended September 30, 2013 and 2012. | |||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments (in thousands) | |||||||||||||||||||||||||
For the nine months ended September 30 | |||||||||||||||||||||||||
Gain (Loss) Recognized | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Coal — unrealized | (3) | $ | (5,089 | ) | $ | 23,670 | |||||||||||||||||||
Coal — realized | (4) | $ | 25,725 | $ | 25,901 | ||||||||||||||||||||
Heating oil — diesel purchases | (4) | $ | (9,760 | ) | $ | (16,902 | ) | ||||||||||||||||||
Heating oil — fuel surcharges | (4) | $ | (817 | ) | $ | (1,140 | ) | ||||||||||||||||||
____________________________________________________________ | |||||||||||||||||||||||||
Location in statement of operations: | |||||||||||||||||||||||||
(1) — Revenues | |||||||||||||||||||||||||
(2) — Cost of sales | |||||||||||||||||||||||||
(3) — Change in fair value of coal derivatives and coal trading activities, net | |||||||||||||||||||||||||
(4) — Other operating income, net | |||||||||||||||||||||||||
The Company recognized net unrealized and realized gains of $0.9 million and $5.5 million during the three months ended September 30, 2013 and 2012, respectively, related to its trading portfolio. The Company recognized net unrealized and realized gains of $3.0 million and $6.2 million during the nine months ended September 30, 2013 and 2012, respectively, related to its trading portfolio, which are included in the caption “Change in fair value of coal derivatives and coal trading activities, net” in the accompanying condensed consolidated statements of operations, and are not included in the previous tables reflecting the effects of derivatives on measures of financial performance. | |||||||||||||||||||||||||
Based on fair values at September 30, 2013, gains on derivative contracts designated as hedge instruments in cash flow hedges of approximately $2.9 million are expected to be reclassified from other comprehensive income into earnings during the next twelve months. |
Debt
Debt | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Debt | ' | ||||||||
Debt | |||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
(In thousands) | |||||||||
Term loan ($1.63 billion face value) due 2018 | $ | 1,617,097 | $ | 1,627,384 | |||||
8.75% senior notes ($600.0 million face value) due 2016 | 592,646 | 590,999 | |||||||
7.00% senior notes due 2019 at par | 1,000,000 | 1,000,000 | |||||||
9.875% senior notes ($375.0 million face value) due 2019 | 361,779 | 360,042 | |||||||
7.25% senior notes due 2020 at par | 500,000 | 500,000 | |||||||
7.25% senior notes due 2021 at par | 1,000,000 | 1,000,000 | |||||||
Other | 25,912 | 40,350 | |||||||
5,097,434 | 5,118,775 | ||||||||
Less current maturities of debt | 23,050 | 32,896 | |||||||
Long-term debt | $ | 5,074,384 | $ | 5,085,879 | |||||
At September 30, 2013, the available borrowing capacity under the Company's lines of credit was approximately $204.0 million. |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||
Fair Value Measurements | |||||||||||||||||
The hierarchy of fair value measurements assigns a level to fair value measurements based on the inputs used in the respective valuation techniques. The levels of the hierarchy, as defined below, give the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. | |||||||||||||||||
· Level 1 is defined as observable inputs such as quoted prices in active markets for identical assets. Level 1 assets include available-for-sale equity securities, U.S. Treasury securities, and coal futures that are submitted for clearing on the New York Mercantile Exchange. | |||||||||||||||||
· Level 2 is defined as observable inputs other than Level 1 prices. These include quoted prices for similar assets or liabilities in an active market, quoted prices for identical assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. The Company’s level 2 assets and liabilities include U.S. government agency securities and commodity contracts (coal and heating oil) with fair values derived from quoted prices in over-the-counter markets or from prices received from direct broker quotes. | |||||||||||||||||
· Level 3 is defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. These include the Company’s commodity option contracts (coal and heating oil) valued using modeling techniques, such as Black-Scholes, that require the use of inputs, particularly volatility, that are rarely observable. Changes in the unobservable inputs would not have a significant impact on the reported Level 3 fair values at September 30, 2013. | |||||||||||||||||
The table below sets forth, by level, the Company’s financial assets and liabilities that are recorded at fair value in the accompanying condensed consolidated balance sheet: | |||||||||||||||||
Fair Value at September 30, 2013 | |||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
(In thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Investments in marketable securities | $ | 261,414 | $ | 101,338 | $ | 160,076 | $ | — | |||||||||
Derivatives | 27,061 | 22,750 | — | 4,311 | |||||||||||||
Total assets | $ | 288,475 | $ | 124,088 | $ | 160,076 | $ | 4,311 | |||||||||
Liabilities: | |||||||||||||||||
Derivatives | $ | 421 | $ | — | $ | 204 | $ | 217 | |||||||||
The Company’s contracts with its counterparties allow for the settlement of contracts in an asset position with contracts in a liability position in the event of default or termination. For classification purposes, the Company records the net fair value of all the positions with these counterparties as a net asset or liability. Each level in the table above displays the underlying contracts according to their classification in the accompanying condensed consolidated balance sheet, based on this counterparty netting. | |||||||||||||||||
The following table summarizes the change in the fair values of financial instruments categorized as level 3. | |||||||||||||||||
Three Months Ended September 30, 2013 | Nine Months Ended September 30, 2013 | ||||||||||||||||
(In thousands) | |||||||||||||||||
Balance, beginning of period | $ | 3,438 | $ | 8,174 | |||||||||||||
Realized and unrealized losses recognized in earnings, net | (570 | ) | (9,882 | ) | |||||||||||||
Purchases | 1,464 | 7,317 | |||||||||||||||
Issuances | — | (25 | ) | ||||||||||||||
Settlements | (238 | ) | (1,490 | ) | |||||||||||||
Ending balance | $ | 4,094 | $ | 4,094 | |||||||||||||
Net unrealized losses during the three and nine month periods ended September 30, 2013 related to level 3 financial instruments held on September 30, 2013 were $0.2 million and $4.8 million, respectively. | |||||||||||||||||
Fair Value of Long-Term Debt | |||||||||||||||||
At September 30, 2013 and December 31, 2012, the fair value of the Company’s debt, including amounts classified as current, was $4.5 billion and $5.0 billion, respectively. Fair values are based upon observed prices in an active market, when available, or from valuation models using market information, which fall into Level 2 in the fair value hierarchy. |
Accrued_Expenses_and_Other_Cur
Accrued Expenses and Other Current Liabilities | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Accrued Expenses and Other Current Liabilities [Abstract] | ' | ||||||||
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | ' | ||||||||
Accrued Expenses and Other Current Liabilities | |||||||||
Accrued expenses and other current liabilities consist of the following: | |||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
(In thousands) | |||||||||
Payroll and employee benefits | $ | 68,245 | $ | 72,405 | |||||
Taxes other than income taxes | 113,872 | 121,029 | |||||||
Interest | 80,454 | 42,413 | |||||||
Acquired sales contracts | 14,461 | 14,038 | |||||||
Workers’ compensation | 12,215 | 10,371 | |||||||
Asset retirement obligations | 38,895 | 38,920 | |||||||
Other | 20,891 | 18,842 | |||||||
$ | 349,033 | $ | 318,018 | ||||||
StockBased_Compensation_And_Ot
Stock-Based Compensation And Other Incentive Plans | 9 Months Ended |
Sep. 30, 2013 | |
Share-based Compensation [Abstract] | ' |
Stock-Based Compensation And Other Incentive Plans | ' |
Stock-Based Compensation and Other Incentive Plans | |
The Company granted options to purchase approximately 2.0 million shares of common stock during the nine months ended September 30, 2013. The weighted average exercise price of the options was $5.23 per share and the weighted average grant date fair value was $2.37 per share. The options’ fair value was determined using the Black-Scholes option pricing model, using a weighted average risk-free rate of 0.65%, a weighted average dividend yield of 2.30% and a weighted average volatility of 66.74%. The options’ expected life is 4.5 years and the options vest ratably over three years and provide for the continuation of vesting after retirement for recipients that meet certain criteria. The expense for these options will be recognized through the date that the employee first becomes eligible to retire and is no longer required to provide service to earn all or part of the award. | |
During the nine months ended September 30, 2013, the Company also granted restricted stock units totaling 969,100 shares whose grant date fair value was $5.20 per share. The shares vest at the end of three years. | |
The Company has a long-term incentive program that allows for the award of performance units. The total number of units earned by a participant is based on financial and operational performance measures, and may be paid out in cash or in shares of the Company’s common stock. The Company recognizes compensation expense over the three-year term of the grant. Amounts accrued and unpaid for all grants under the plan totaled $15.0 million and $13.1 million as of September 30, 2013 and December 31, 2012, respectively. |
Workers_Compensation_Expense
Workers' Compensation Expense | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Workers' Compensation Expense [Abstract] | ' | ||||||||||||||||
Workers' Compensation Expense | ' | ||||||||||||||||
Workers’ Compensation Expense | |||||||||||||||||
The following table details the components of workers’ compensation expense: | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(In thousands) | |||||||||||||||||
Service cost | $ | 363 | $ | 419 | $ | 1,373 | $ | 1,458 | |||||||||
Interest cost | 709 | 629 | 2,022 | 1,708 | |||||||||||||
Net amortization | 262 | — | 731 | (574 | ) | ||||||||||||
Curtailments | 816 | — | 816 | 1,933 | |||||||||||||
Total occupational disease | 2,150 | 1,048 | 4,942 | 4,525 | |||||||||||||
Traumatic injury claims and assessments | 4,114 | 7,453 | 16,263 | 19,052 | |||||||||||||
Total workers’ compensation expense | $ | 6,264 | $ | 8,501 | $ | 21,205 | $ | 23,577 | |||||||||
Employee_Benefit_Plans
Employee Benefit Plans | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Pension and Other Postretirement Benefit Expense [Abstract] | ' | |||||||||||||||
Employee Benefit Plans | ' | |||||||||||||||
. Employee Benefit Plans | ||||||||||||||||
The following table details the components of pension benefit costs (credits): | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(In thousands) | ||||||||||||||||
Service cost | $ | 6,672 | $ | 6,156 | $ | 21,162 | $ | 21,062 | ||||||||
Interest cost | 3,994 | 3,683 | 11,796 | 11,755 | ||||||||||||
Curtailments | 47 | — | 47 | 324 | ||||||||||||
Expected return on plan assets | (5,848 | ) | (5,508 | ) | (17,690 | ) | (16,523 | ) | ||||||||
Amortization of prior service costs (credits) | (51 | ) | 273 | (152 | ) | 200 | ||||||||||
Amortization of other actuarial losses | 3,617 | 3,248 | 12,430 | 11,019 | ||||||||||||
Net benefit cost | $ | 8,431 | $ | 7,852 | $ | 27,593 | $ | 27,837 | ||||||||
The following table details the components of other postretirement benefit costs (credits): | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(In thousands) | ||||||||||||||||
Service cost | $ | 497 | $ | 541 | $ | 1,591 | $ | 1,629 | ||||||||
Interest cost | 427 | 508 | 1,273 | 1,519 | ||||||||||||
Curtailments | (5,444 | ) | (2,212 | ) | (5,444 | ) | (4,049 | ) | ||||||||
Amortization of prior service credits | (2,641 | ) | (2,837 | ) | (8,121 | ) | (8,708 | ) | ||||||||
Amortization of other actuarial losses (gains) | (55 | ) | (130 | ) | (53 | ) | (391 | ) | ||||||||
Net benefit credit | $ | (7,216 | ) | $ | (4,130 | ) | $ | (10,754 | ) | $ | (10,000 | ) | ||||
A curtailment was triggered in the third quarter of 2013 by reductions in employees' expected years of future service resulting primarily from the sale of Canyon Fuel. Curtailments include the recognition of unamortized prior service costs and actuarial adjustments to the respective projected benefit obligations for the cash balance pension and medical plans and pneumoconiosis benefits. |
Earnings_Per_Common_Share
Earnings Per Common Share | 9 Months Ended |
Sep. 30, 2013 | |
Earnings Per Share [Abstract] | ' |
Earnings Per Common Share | ' |
. Earnings (Loss) Per Common Share | |
The effect of options, restricted stock and restricted stock units equaling 7.0 million and 5.8 million shares of common stock were excluded from the calculation of diluted weighted average shares outstanding for the three month periods ended September 30, 2013 and 2012, respectively, and 7.9 million and 5.0 million shares were excluded for the nine month periods ended September 30, 2013 and 2012, respectively, because the exercise price or grant price of the securities exceeded the average market price of the Company's common stock for these periods. The weighted average share impacts of options, restricted stock and restricted stock units that were excluded from the calculation of weighted average shares due to the Company's incurring a net loss for the three and nine month periods ended September 30, 2013 and the nine months ended September 30,2012 were not significant. |
Settlement_with_Patriot_Coal
Settlement with Patriot Coal | 9 Months Ended |
Sep. 30, 2013 | |
Settlement with Patriot Coal [Abstract] | ' |
Legal Matters and Contingencies [Text Block] | ' |
Settlement with Patriot Coal | |
On December 31, 2005, Arch entered into a purchase and sale agreement to sell mining complexes to Magnum Coal Company ("Magnum"). On July 23, 2008, Patriot Coal Corporation acquired Magnum from Arc Light Capital Partners. On July 9, 2012, Patriot Coal Corporation and certain of its wholly owned subsidiaries, including Magnum, (collectively, "Patriot") filed voluntary petitions for reorganization under Chapter 11 of the U.S. Code in the U.S. Bankruptcy Court for the Southern District of New York. | |
The Company entered into a settlement agreement with Patriot on October, 10, 2013 that resolves all pending and potential legal claims with Patriot stemming from the sale of coal companies to Magnum and the subsequent purchase of those companies by Patriot in 2008. | |
The Company will pay $5.0 million in cash to Patriot upon its exit from bankruptcy, which is reflected in "Other operating income, net" in the condensed consolidated statement of operations for the three month and nine month periods ended September 30, 2013. Additionally, the settlement includes the release of a $16.7 million letter of credit posted by Patriot in the Company's favor for surety bonds related to the companies sold to Magnum. The Company has also agreed to purchase Patriot's Guffey reserves for $16.0 million in cash upon their exit from bankruptcy. The Guffey reserves border the Company's Leer metallurgical coal development. |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Contingencies | ' |
Commitments and Contingencies | |
The Company accrues for cost related to contingencies when a loss is probable and the amount is reasonably determinable. Disclosure of contingencies is included in the financial statements when it is at least reasonably possible that a material loss or an additional material loss in excess of amounts already accrued may be incurred. | |
Allegheny Energy Supply (“Allegheny”), the sole customer of coal produced at the Company's subsidiary Wolf Run Mining Company's (“Wolf Run”) Sycamore No. 2 mine, filed a lawsuit against Wolf Run, Hunter Ridge Holdings, Inc. (“Hunter Ridge”), and ICG in state court in Allegheny County, Pennsylvania on December 28, 2006, and amended its complaint on April 23, 2007. Allegheny claimed that Wolf Run breached a coal supply contract when it declared force majeure under the contract upon idling the Sycamore No. 2 mine in the third quarter of 2006, and that Wolf Run continued to breach the contract by failing to ship in volumes referenced in the contract. The Sycamore No. 2 mine was idled after encountering adverse geologic conditions and abandoned gas wells that were previously unidentified and unmapped. | |
After extensive searching for gas wells and rehabilitation of the mine, it was re-opened in 2007, but with notice to Allegheny that it would necessarily operate at reduced volumes in order to safely and effectively avoid the many gas wells within the reserve. The amended complaint also alleged that the production stoppages constitute a breach of the guarantee agreement by Hunter Ridge and breach of certain representations made upon entering into the contract in early 2005. Allegheny voluntarily dropped the breach of representation claims later. Allegheny claimed that it would incur costs in excess of $100 million to purchase replacement coal over the life of the contract. ICG, Wolf Run and Hunter Ridge answered the amended complaint on August 13, 2007, disputing all of the remaining claims. | |
On November 3, 2008, ICG, Wolf Run and Hunter Ridge filed an amended answer and counterclaim against the plaintiffs seeking to void the coal supply agreement due to, among other things, fraudulent inducement and conspiracy. On September 23, 2009, Allegheny filed a second amended complaint alleging several alternative theories of liability in its effort to extend contractual liability to ICG, which was not a party to the original contract and did not exist at the time Wolf Run and Allegheny entered into the contract. No new substantive claims were asserted. ICG answered the second amended complaint on October 13, 2009, denying all of the new claims. The Company's counterclaim was dismissed on motion for summary judgment entered on May 11, 2010. Allegheny's claims against ICG were also dismissed by summary judgment, but the claims against Wolf Run and Hunter Ridge were not. The court conducted a non-jury trial of this matter beginning on January 10, 2011 and concluding on February 1, 2011. | |
At the trial, Allegheny presented its evidence for breach of contract and claimed that it is entitled to past and future damages in the aggregate of between $228 million and $377 million. Wolf Run and Hunter Ridge presented their defense of the claims, including evidence with respect to the existence of force majeure conditions and excuse under the contract and applicable law. Wolf Run and Hunter Ridge presented evidence that Allegheny's damages calculations were significantly inflated because it did not seek to determine damages as of the time of the breach and in some instances artificially assumed future nondelivery or did not take into account the apparent requirement to supply coal in the future. On May 2, 2011, the trial court entered a Memorandum and Verdict determining that Wolf Run had breached the coal supply contract and that the performance shortfall was not excused by force majeure. The trial court awarded total damages and interest in the amount of $104.1 million, which consisted of $13.8 million for past damages, and $90.3 million for future damages. ICG and Allegheny filed post-verdict motions in the trial court and on August 23, 2011, the court denied the parties' motions. The court entered a final judgment on August 25, 2011, in the amount of $104.1 million, which included pre-judgment interest. | |
The parties appealed the lower court's decision to the Superior Court of Pennsylvania. On August 13, 2012, the Superior Court of Pennsylvania affirmed the award of past damages, but ruled that the lower court should have calculated future damages as of the date of breach, and remanded the matter back to the lower court with instructions to recalculate that portion of the award. On November 19, 2012, Allegheny filed a Petition for Allowance of Appeal with the Supreme Court of Pennsylvania and Wolf Run and Hunter Ridge filed an Answer. On July 2, 2013, the Supreme Court of Pennsylvania denied the Petition of Allowance. As this action finalized the past damage award, Wolf Run paid $15.6 million for the past damage amount, including interest, to Allegheny in July 2013. The future damage award is now back before the lower court, but no hearing dates have been set at this time. | |
In addition, the Company is a party to numerous claims and lawsuits with respect to various matters. As of September 30, 2013 and December 31, 2012, the Company had accrued $21.2 million and $32.8 million, respectively, for all legal matters, including $7.7 million and $4.4 million, respectively, classified as current. The ultimate resolution of any such legal matter could result in outcomes which may be materially different from amounts the Company has accrued for such matters. |
Segment_Information
Segment Information | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||||||||||||||||||
Segment Information | |||||||||||||||||||||||||
The Company has three reportable business segments, which are based on the major coal producing basins in which the Company operates. Each of these reportable business segments includes a number of mine complexes. The Company manages its coal sales by coal basin, not by individual mine complex. Geology, coal transportation routes to customers, regulatory environments and coal quality or type are characteristic to a basin. Accordingly, market and contract pricing have developed by coal basin. Mine operations are evaluated based on their per-ton operating costs (defined as including all mining costs but excluding pass-through transportation expenses), as well as on other non-financial measures, such as safety and environmental performance. The Company’s reportable segments are the Powder River Basin (PRB) segment, with operations in Wyoming; the WBIT segment, with operations in Colorado; the Appalachia (APP) segment, with operations in West Virginia, Kentucky, Maryland and Virginia. The “Other” operating segment includes primarily the Company’s Illinois operations and ADDCAR. | |||||||||||||||||||||||||
Operating segment results for the three and nine months ended September 30, 2013 and 2012 are presented below. Results for the reportable segments include all direct costs of mining, including all depreciation, depletion and amortization related to the mining operations, even if the assets are not recorded at the operating segment level. Corporate, Other and Eliminations includes these charges, as well as the change in fair value of coal derivatives and coal trading activities, net; corporate overhead; land management; other support functions; and the elimination of intercompany transactions. The operating segment results for the WBIT segment for all periods presented reflect only continuing operations, since Canyon Fuel results are classified as discontinued operations in the condensed consolidated statements of operations. | |||||||||||||||||||||||||
The asset amounts below represent an allocation of assets consistent with the basis used for the Company’s incentive compensation plans. The amounts in Corporate, Other and Eliminations represent primarily corporate assets (cash, receivables, investments, plant, property and equipment) as well as unassigned coal reserves, above-market acquired sales contracts and other unassigned assets. Goodwill is allocated to the respective reporting units, even though it may not be reflected in the subsidiaries’ financial statements. Asset balances for the WBIT segment as of September 30, 2012 include the Canyon Fuel assets. Prior year asset amounts have been restated to reflect a change in how certain unassigned coal reserves and goodwill amounts are presented. | |||||||||||||||||||||||||
PRB | APP | WBIT | Other | Corporate, | Consolidated | ||||||||||||||||||||
Operating | Other and | ||||||||||||||||||||||||
Segments | Eliminations | ||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Three months ended September 30, 2013 | |||||||||||||||||||||||||
Revenues | $ | 420,521 | $ | 263,188 | $ | 78,022 | $ | 29,538 | $ | — | $ | 791,269 | |||||||||||||
Income (loss) from operations | 20,694 | (157,883 | ) | 9,287 | (9,231 | ) | (97,620 | ) | (234,753 | ) | |||||||||||||||
Depreciation, depletion and amortization | 46,619 | 46,529 | 9,436 | 2,523 | 1,216 | 106,323 | |||||||||||||||||||
Amortization of acquired sales contracts, net | (864 | ) | (2,691 | ) | — | 987 | — | (2,568 | ) | ||||||||||||||||
Asset impairment and mine closure costs | — | 126,449 | — | 16,280 | 57,668 | 200,397 | |||||||||||||||||||
Capital expenditures | 1,695 | 44,624 | 5,859 | 1,263 | 663 | 54,104 | |||||||||||||||||||
Three months ended September 30, 2012 | |||||||||||||||||||||||||
Revenues | $ | 406,719 | $ | 436,409 | $ | 105,515 | $ | 26,527 | $ | — | $ | 975,170 | |||||||||||||
Income (loss) from operations | 38,873 | 88,695 | 24,110 | (1,298 | ) | (31,138 | ) | 119,242 | |||||||||||||||||
Depreciation, depletion and amortization | 43,944 | 61,596 | 9,985 | 2,594 | 823 | 118,942 | |||||||||||||||||||
Amortization of acquired sales contracts, net | (589 | ) | (3,711 | ) | — | 207 | — | (4,093 | ) | ||||||||||||||||
Asset impairment and mine closure costs | — | (1,801 | ) | — | (210 | ) | (133 | ) | (2,144 | ) | |||||||||||||||
Capital expenditures | 5,620 | 77,772 | 13,510 | 3,640 | 1,353 | 101,895 | |||||||||||||||||||
Nine months ended September 30, 2013 | |||||||||||||||||||||||||
Revenues | $ | 1,135,892 | $ | 883,484 | $ | 187,374 | $ | 88,221 | $ | — | $ | 2,294,971 | |||||||||||||
Income (loss) from operations | 53,244 | (190,278 | ) | 23,766 | (407 | ) | (208,788 | ) | (322,463 | ) | |||||||||||||||
Depreciation, depletion and amortization | 130,993 | 157,866 | 26,528 | 7,792 | 4,422 | 327,601 | |||||||||||||||||||
Amortization of acquired sales contracts, net | (3,004 | ) | (7,975 | ) | — | 3,392 | — | (7,587 | ) | ||||||||||||||||
Asset impairment and mine closure costs | — | 126,449 | — | 16,280 | 78,150 | 220,879 | |||||||||||||||||||
Total assets | 1,897,218 | 4,141,072 | 146,947 | 137,941 | 3,208,277 | 9,531,455 | |||||||||||||||||||
Capital expenditures | 5,671 | 137,390 | 13,147 | 4,776 | 62,184 | 223,168 | |||||||||||||||||||
Nine months ended September 30, 2012 | |||||||||||||||||||||||||
Revenues | $ | 1,130,408 | $ | 1,409,776 | $ | 272,359 | $ | 88,549 | $ | — | $ | 2,901,092 | |||||||||||||
Income (loss) from operations | 94,163 | (388,563 | ) | 34,937 | (3,757 | ) | (186,634 | ) | (449,854 | ) | |||||||||||||||
Depreciation, depletion and amortization | 122,298 | 210,789 | 29,894 | 9,704 | 1,946 | 374,631 | |||||||||||||||||||
Amortization of acquired sales contracts, net | (1,374 | ) | (21,658 | ) | — | 471 | — | (22,561 | ) | ||||||||||||||||
Asset impairment and mine closure costs | — | 524,115 | — | (437 | ) | (239 | ) | 523,439 | |||||||||||||||||
Total assets | 2,234,941 | 4,130,273 | 676,057 | 169,981 | 2,724,602 | 9,935,854 | |||||||||||||||||||
Capital expenditures | 15,399 | 222,177 | 42,761 | 8,153 | 15,478 | 303,968 | |||||||||||||||||||
A reconciliation of segment income (loss) from operations to consolidated loss before income taxes follows: | |||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Income (loss) from operations | $ | (234,753 | ) | $ | 119,242 | $ | (322,463 | ) | $ | (449,854 | ) | ||||||||||||||
Interest expense | (95,624 | ) | (75,710 | ) | (285,454 | ) | (229,210 | ) | |||||||||||||||||
Interest and investment income | 697 | 1,459 | 4,749 | 3,568 | |||||||||||||||||||||
Other nonoperating expense | $ | — | $ | — | $ | — | $ | (19,042 | ) | ||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (329,680 | ) | $ | 44,991 | $ | (603,168 | ) | $ | (694,538 | ) | ||||||||||||||
Supplemental_Condensed_Consoli
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 | |||||||||||||||||||||
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): | |||||||||||||||||||||
Condensed Consolidating Statements of Operations | |||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Guarantor | ||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Revenues | $ | — | $ | 791,269 | $ | — | $ | — | $ | 791,269 | |||||||||||
Costs, expenses and other | |||||||||||||||||||||
Cost of sales (exclusive of items shown separately below) | 169 | 688,543 | — | — | 688,712 | ||||||||||||||||
Depreciation, depletion and amortization | 1,549 | 104,765 | 9 | — | 106,323 | ||||||||||||||||
Amortization of acquired sales contracts, net | — | (2,568 | ) | — | — | (2,568 | ) | ||||||||||||||
Change in fair value of coal derivatives and coal trading activities, net | — | 9,753 | — | — | 9,753 | ||||||||||||||||
Asset impairment and mine closure costs | 57,668 | 142,729 | — | — | 200,397 | ||||||||||||||||
Selling, general and administrative expenses | 19,104 | 8,214 | 1,482 | — | 28,800 | ||||||||||||||||
Other operating income, net | 2,345 | (7,740 | ) | — | — | (5,395 | ) | ||||||||||||||
80,835 | 943,696 | 1,491 | — | 1,026,022 | |||||||||||||||||
Loss from investment in subsidiaries | (61,537 | ) | — | — | 61,537 | — | |||||||||||||||
Loss from operations | (142,372 | ) | (152,427 | ) | (1,491 | ) | 61,537 | (234,753 | ) | ||||||||||||
Interest expense, net | |||||||||||||||||||||
Interest expense | (114,536 | ) | (6,222 | ) | (1,070 | ) | 26,204 | (95,624 | ) | ||||||||||||
Interest and investment income | 6,606 | 18,975 | 1,320 | (26,204 | ) | 697 | |||||||||||||||
(107,930 | ) | 12,753 | 250 | — | (94,927 | ) | |||||||||||||||
Loss from continuing operations before income taxes | (250,302 | ) | (139,674 | ) | (1,241 | ) | 61,537 | (329,680 | ) | ||||||||||||
Provision for (benefit from) income taxes | (121,939 | ) | — | 26 | — | (121,913 | ) | ||||||||||||||
Loss from continuing operations | (128,363 | ) | (139,674 | ) | (1,267 | ) | 61,537 | (207,767 | ) | ||||||||||||
Income from discontinued operations, including gain on sale - net of tax | — | 79,404 | — | — | 79,404 | ||||||||||||||||
Net loss | $ | (128,363 | ) | $ | (60,270 | ) | $ | (1,267 | ) | $ | 61,537 | $ | (128,363 | ) | |||||||
Total comprehensive loss | $ | (125,996 | ) | $ | (59,241 | ) | $ | (1,267 | ) | $ | 60,508 | $ | (125,996 | ) | |||||||
Condensed Consolidating Statements of Operations | |||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Guarantor | ||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Revenues | $ | — | $ | 2,294,971 | $ | — | $ | — | $ | 2,294,971 | |||||||||||
Costs, expenses and other | |||||||||||||||||||||
Cost of sales (exclusive of items shown separately below) | 4,881 | 1,989,772 | — | — | 1,994,653 | ||||||||||||||||
Depreciation, depletion and amortization | 4,430 | 323,144 | 27 | — | 327,601 | ||||||||||||||||
Amortization of acquired sales contracts, net | — | (7,587 | ) | — | — | (7,587 | ) | ||||||||||||||
Change in fair value of coal derivatives and coal trading activities, net | — | 2,053 | — | — | 2,053 | ||||||||||||||||
Asset impairment and mine closure costs | 78,150 | 142,729 | — | — | 220,879 | ||||||||||||||||
Selling, general and administrative expenses | 63,006 | 28,978 | 4,327 | — | 96,311 | ||||||||||||||||
Other operating income, net | (4,663 | ) | (10,704 | ) | (1,109 | ) | — | (16,476 | ) | ||||||||||||
145,804 | 2,468,385 | 3,245 | — | 2,617,434 | |||||||||||||||||
Loss from investment in subsidiaries | (42,199 | ) | — | — | 42,199 | — | |||||||||||||||
Loss from operations | (188,003 | ) | (173,414 | ) | (3,245 | ) | 42,199 | (322,463 | ) | ||||||||||||
Interest expense, net | |||||||||||||||||||||
Interest expense | (336,310 | ) | (18,502 | ) | (3,170 | ) | 72,528 | (285,454 | ) | ||||||||||||
Interest and investment income | 22,917 | 49,986 | 4,374 | (72,528 | ) | 4,749 | |||||||||||||||
(313,393 | ) | 31,484 | 1,204 | — | (280,705 | ) | |||||||||||||||
Loss from continuing operations before income taxes | (501,396 | ) | (141,930 | ) | (2,041 | ) | 42,199 | (603,168 | ) | ||||||||||||
Provision for (benefit from) income taxes | (230,778 | ) | — | 44 | — | (230,734 | ) | ||||||||||||||
Loss from continuing operations | (270,618 | ) | (141,930 | ) | (2,085 | ) | 42,199 | (372,434 | ) | ||||||||||||
Income from discontinued operations, including gain on sale - net of tax | — | 101,816 | — | — | 101,816 | ||||||||||||||||
Net loss | $ | (270,618 | ) | $ | (40,114 | ) | $ | (2,085 | ) | $ | 42,199 | $ | (270,618 | ) | |||||||
Total comprehensive loss | $ | (262,717 | ) | $ | (39,175 | ) | $ | (2,085 | ) | $ | 41,260 | $ | (262,717 | ) | |||||||
Condensed Consolidating Statements of Operations | |||||||||||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Guarantor | ||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Revenues | $ | — | $ | 975,170 | $ | — | $ | — | $ | 975,170 | |||||||||||
Costs, expenses and other | |||||||||||||||||||||
Cost of sales (exclusive of items shown separately below) | 2,437 | 806,052 | — | — | 808,489 | ||||||||||||||||
Depreciation, depletion and amortization | 1,399 | 117,534 | 9 | — | 118,942 | ||||||||||||||||
Amortization of acquired sales contracts, net | — | (4,093 | ) | — | — | (4,093 | ) | ||||||||||||||
Change in fair value of coal derivatives and coal trading activities, net | — | 5,840 | — | — | 5,840 | ||||||||||||||||
Asset impairment and mine closure costs | — | (2,144 | ) | — | — | (2,144 | ) | ||||||||||||||
Legal contingencies | — | (79,532 | ) | — | — | (79,532 | ) | ||||||||||||||
Selling, general and administrative expenses | 22,051 | 9,432 | 1,783 | — | 33,266 | ||||||||||||||||
Other operating income, net | (11,052 | ) | (13,699 | ) | (89 | ) | — | (24,840 | ) | ||||||||||||
14,835 | 839,390 | 1,703 | — | 855,928 | |||||||||||||||||
Income from investment in subsidiaries | 164,152 | — | — | (164,152 | ) | — | |||||||||||||||
Income (loss) from operations | 149,317 | 135,780 | (1,703 | ) | (164,152 | ) | 119,242 | ||||||||||||||
Interest expense, net | |||||||||||||||||||||
Interest expense | (91,577 | ) | (6,870 | ) | (649 | ) | 23,386 | (75,710 | ) | ||||||||||||
Interest and investment income | 8,329 | 14,570 | 1,946 | (23,386 | ) | 1,459 | |||||||||||||||
(83,248 | ) | 7,700 | 1,297 | — | (74,251 | ) | |||||||||||||||
Income (loss) from continuing operations before income taxes | 66,069 | 143,480 | (406 | ) | (164,152 | ) | 44,991 | ||||||||||||||
Provision for income taxes | 20,318 | — | — | — | 20,318 | ||||||||||||||||
Income (loss) from continuing operations | 45,751 | 143,480 | (406 | ) | (164,152 | ) | 24,673 | ||||||||||||||
Income from discontinued operations, net of tax | — | 21,078 | — | — | 21,078 | ||||||||||||||||
Net income (loss) | $ | 45,751 | $ | 164,558 | $ | (406 | ) | $ | (164,152 | ) | $ | 45,751 | |||||||||
Total comprehensive income (loss) | $ | 44,299 | $ | 163,375 | $ | (406 | ) | $ | (162,969 | ) | $ | 44,299 | |||||||||
Condensed Consolidating Statements of Operations | |||||||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Guarantor | ||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Revenues | $ | — | $ | 2,901,092 | $ | — | $ | — | $ | 2,901,092 | |||||||||||
Costs, expenses and other | — | ||||||||||||||||||||
Cost of sales (exclusive of items shown separately below) | 7,694 | 2,406,612 | — | — | 2,414,306 | ||||||||||||||||
Depreciation, depletion and amortization | 3,959 | 370,648 | 24 | — | 374,631 | ||||||||||||||||
Amortization of acquired sales contracts, net | — | (22,561 | ) | — | — | (22,561 | ) | ||||||||||||||
Change in fair value of coal derivatives and coal trading activities, net | — | (29,827 | ) | — | — | (29,827 | ) | ||||||||||||||
Asset impairment and mine closure costs | — | 523,439 | — | — | 523,439 | ||||||||||||||||
Goodwill impairment | — | 115,791 | — | — | 115,791 | ||||||||||||||||
Legal contingencies | — | (79,532 | ) | — | — | (79,532 | ) | ||||||||||||||
Selling, general and administrative expenses | 62,469 | 30,965 | 5,871 | — | 99,305 | ||||||||||||||||
Other operating income, net | (7,693 | ) | (23,811 | ) | (13,102 | ) | — | (44,606 | ) | ||||||||||||
66,429 | 3,291,724 | (7,207 | ) | — | 3,350,946 | ||||||||||||||||
Loss from investment in subsidiaries | (324,429 | ) | — | — | 324,429 | — | |||||||||||||||
Income (loss) from operations | (390,858 | ) | (390,632 | ) | 7,207 | 324,429 | (449,854 | ) | |||||||||||||
Interest expense, net | |||||||||||||||||||||
Interest expense | (263,381 | ) | (27,285 | ) | (2,382 | ) | 63,838 | (229,210 | ) | ||||||||||||
Interest and investment income | 19,087 | 42,508 | 5,811 | (63,838 | ) | 3,568 | |||||||||||||||
(244,294 | ) | 15,223 | 3,429 | — | (225,642 | ) | |||||||||||||||
Other non-operating expense | |||||||||||||||||||||
Net loss resulting from early retirement of ICG debt | (17,349 | ) | (1,693 | ) | — | — | (19,042 | ) | |||||||||||||
Income (loss) from continuing operations before income taxes | (652,501 | ) | (377,102 | ) | 10,636 | 324,429 | (694,538 | ) | |||||||||||||
Provision for (benefit from) income taxes | (264,237 | ) | — | 1,581 | — | (262,656 | ) | ||||||||||||||
Income (loss) from continuing operations | (388,264 | ) | (377,102 | ) | 9,055 | 324,429 | (431,882 | ) | |||||||||||||
Income from discontinued operations, net of tax | — | 43,618 | — | — | 43,618 | ||||||||||||||||
Net Income (loss) | (388,264 | ) | (333,484 | ) | 9,055 | 324,429 | (388,264 | ) | |||||||||||||
Less: Net income attributable to noncontrolling interest | (268 | ) | — | — | — | (268 | ) | ||||||||||||||
Net Income (loss) attributable to Arch Coal, Inc. | $ | (388,532 | ) | $ | (333,484 | ) | $ | 9,055 | $ | 324,429 | $ | (388,532 | ) | ||||||||
Total comprehensive income (loss) | $ | (385,523 | ) | $ | (336,648 | ) | $ | 9,055 | $ | 327,593 | $ | (385,523 | ) | ||||||||
Condensed Consolidating Balance Sheets | |||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Assets | |||||||||||||||||||||
Cash and cash equivalents | $ | 1,021,245 | $ | 100,410 | $ | 11,473 | $ | — | $ | 1,133,128 | |||||||||||
Restricted cash | — | — | — | — | — | ||||||||||||||||
Short term investments | 248,724 | — | — | — | 248,724 | ||||||||||||||||
Receivables | 7,847 | 21,178 | 190,493 | (4,679 | ) | 214,839 | |||||||||||||||
Inventories | — | 287,409 | — | — | 287,409 | ||||||||||||||||
Other | 96,992 | 48,270 | 277 | — | 145,539 | ||||||||||||||||
Total current assets | 1,374,808 | 457,267 | 202,243 | (4,679 | ) | 2,029,639 | |||||||||||||||
Property, plant and equipment, net | 25,526 | 6,752,687 | 46 | (34 | ) | 6,778,225 | |||||||||||||||
Investment in subsidiaries | 7,992,601 | — | — | (7,992,601 | ) | — | |||||||||||||||
Intercompany receivables | — | 1,986,992 | — | (1,986,992 | ) | — | |||||||||||||||
Note receivable from Arch Western | 675,000 | — | — | (675,000 | ) | — | |||||||||||||||
Other | 147,950 | 575,551 | 90 | — | 723,591 | ||||||||||||||||
Total other assets | 8,815,551 | 2,562,543 | 90 | (10,654,593 | ) | 723,591 | |||||||||||||||
Total assets | $ | 10,215,885 | $ | 9,772,497 | $ | 202,379 | $ | (10,659,306 | ) | $ | 9,531,455 | ||||||||||
Liabilities and Stockholders’ Equity | |||||||||||||||||||||
Accounts payable | $ | 20,728 | $ | 186,468 | $ | 77 | $ | — | $ | 207,273 | |||||||||||
Accrued expenses and other current liabilities | 107,756 | 246,063 | 314 | (4,679 | ) | 349,454 | |||||||||||||||
Current maturities of debt | 19,343 | 3,707 | — | — | 23,050 | ||||||||||||||||
Total current liabilities | 147,827 | 436,238 | 391 | (4,679 | ) | 579,777 | |||||||||||||||
Long-term debt | 5,055,021 | 19,363 | — | — | 5,074,384 | ||||||||||||||||
Intercompany payables | 1,810,718 | — | 176,274 | (1,986,992 | ) | — | |||||||||||||||
Note payable to Arch Coal | — | 675,000 | — | (675,000 | ) | — | |||||||||||||||
Asset retirement obligations | 1,150 | 409,971 | — | — | 411,121 | ||||||||||||||||
Accrued pension benefits | 36,304 | 32,235 | — | — | 68,539 | ||||||||||||||||
Accrued postretirement benefits other than pension | 14,267 | 30,012 | — | — | 44,279 | ||||||||||||||||
Accrued workers’ compensation | 25,601 | 56,413 | — | — | 82,014 | ||||||||||||||||
Deferred income taxes | 484,130 | — | — | — | 484,130 | ||||||||||||||||
Other noncurrent liabilities | 59,179 | 146,055 | 323 | — | 205,557 | ||||||||||||||||
Total liabilities | 7,634,197 | 1,805,287 | 176,988 | (2,666,671 | ) | 6,949,801 | |||||||||||||||
Stockholders’ equity | 2,581,688 | 7,967,210 | 25,391 | (7,992,635 | ) | 2,581,654 | |||||||||||||||
Total liabilities and stockholders’ equity | $ | 10,215,885 | $ | 9,772,497 | $ | 202,379 | $ | (10,659,306 | ) | $ | 9,531,455 | ||||||||||
Condensed Consolidating Balance Sheets | |||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Assets | |||||||||||||||||||||
Cash and cash equivalents | $ | 671,313 | $ | 100,468 | $ | 12,841 | $ | — | $ | 784,622 | |||||||||||
Restricted cash | 3,453 | — | — | — | 3,453 | ||||||||||||||||
Short term investments | 234,305 | — | — | — | 234,305 | ||||||||||||||||
Receivables | 49,281 | 40,452 | 247,171 | (4,824 | ) | 332,080 | |||||||||||||||
Inventories | — | 365,424 | — | — | 365,424 | ||||||||||||||||
Other | 106,786 | 86,877 | 557 | — | 194,220 | ||||||||||||||||
Total current assets | 1,065,138 | 593,221 | 260,569 | (4,824 | ) | 1,914,104 | |||||||||||||||
Property, plant and equipment, net | 27,476 | 7,309,550 | 72 | — | 7,337,098 | ||||||||||||||||
Investment in subsidiaries | 8,254,508 | — | — | (8,254,508 | ) | — | |||||||||||||||
Intercompany receivables | — | 1,600,311 | — | (1,600,311 | ) | — | |||||||||||||||
Note receivable from Arch Western | 675,000 | — | — | (675,000 | ) | — | |||||||||||||||
Other | 187,171 | 568,314 | 90 | — | 755,575 | ||||||||||||||||
Total other assets | 9,116,679 | 2,168,625 | 90 | (10,529,819 | ) | 755,575 | |||||||||||||||
Total assets | $ | 10,209,293 | $ | 10,071,396 | $ | 260,731 | $ | (10,534,643 | ) | $ | 10,006,777 | ||||||||||
Liabilities and Stockholders’ Equity | |||||||||||||||||||||
Accounts payable | $ | 19,859 | $ | 204,370 | $ | 189 | $ | — | $ | 224,418 | |||||||||||
Accrued expenses and other current liabilities | 65,293 | 259,162 | 124 | (4,824 | ) | 319,755 | |||||||||||||||
Current maturities of debt | 32,054 | 842 | — | — | 32,896 | ||||||||||||||||
Total current liabilities | 117,206 | 464,374 | 313 | (4,824 | ) | 577,069 | |||||||||||||||
Long-term debt | 5,061,925 | 23,954 | — | — | 5,085,879 | ||||||||||||||||
Intercompany payables | 1,367,739 | — | 232,572 | (1,600,311 | ) | — | |||||||||||||||
Note payable to Arch Coal | — | 675,000 | — | (675,000 | ) | — | |||||||||||||||
Asset retirement obligations | 1,646 | 408,059 | — | — | 409,705 | ||||||||||||||||
Accrued pension benefits | 33,456 | 34,174 | — | — | 67,630 | ||||||||||||||||
Accrued postretirement benefits other than pension | 13,953 | 31,133 | — | — | 45,086 | ||||||||||||||||
Accrued workers’ compensation | 25,323 | 56,306 | — | — | 81,629 | ||||||||||||||||
Deferred income taxes | 664,182 | — | — | — | 664,182 | ||||||||||||||||
Other noncurrent liabilities | 69,296 | 151,360 | 374 | — | 221,030 | ||||||||||||||||
Total liabilities | 7,354,726 | 1,844,360 | 233,259 | (2,280,135 | ) | 7,152,210 | |||||||||||||||
Stockholders’ equity | 2,854,567 | 8,227,036 | 27,472 | (8,254,508 | ) | 2,854,567 | |||||||||||||||
Total liabilities and stockholders’ equity | $ | 10,209,293 | $ | 10,071,396 | $ | 260,731 | $ | (10,534,643 | ) | $ | 10,006,777 | ||||||||||
Condensed Consolidating Statements of Cash Flows | |||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||
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 | ||||||||||
Investing Activities | |||||||||||||||||||||
Capital expenditures | (2,488 | ) | (220,680 | ) | — | — | (223,168 | ) | |||||||||||||
Minimum royalty payments | — | (10,901 | ) | — | — | (10,901 | ) | ||||||||||||||
Proceeds from dispositions of property, plant and equipment | — | 8,799 | — | — | 8,799 | ||||||||||||||||
Proceeds from sales-leaseback transactions | — | 34,919 | — | — | 34,919 | ||||||||||||||||
Proceeds from sale of Canyon Fuel | — | 422,663 | — | — | 422,663 | ||||||||||||||||
Purchases of short term investments | (85,418 | ) | — | — | — | (85,418 | ) | ||||||||||||||
Proceeds from sales of short term investments | 67,255 | — | — | — | 67,255 | ||||||||||||||||
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 | |||||||||||||||
Financing Activities | |||||||||||||||||||||
Contributions from parent | — | 384 | — | (384 | ) | — | |||||||||||||||
Payments on term loan | (12,375 | ) | — | — | — | (12,375 | ) | ||||||||||||||
Payments to retire debt | — | (384 | ) | — | — | (384 | ) | ||||||||||||||
Net payments on other debt | (12,700 | ) | — | — | — | (12,700 | ) | ||||||||||||||
Dividends paid | (19,105 | ) | — | — | — | (19,105 | ) | ||||||||||||||
Transactions with affiliates, net | 437,532 | (381,234 | ) | (56,298 | ) | — | — | ||||||||||||||
Cash provided by (used in) financing activities | 393,352 | (381,234 | ) | (56,298 | ) | (384 | ) | (44,564 | ) | ||||||||||||
Increase (decrease) in cash and cash equivalents | 349,932 | (58 | ) | (1,368 | ) | — | 348,506 | ||||||||||||||
Cash and cash equivalents, beginning of period | 671,313 | 100,468 | 12,841 | — | 784,622 | ||||||||||||||||
Cash and cash equivalents, end of period | $ | 1,021,245 | $ | 100,410 | $ | 11,473 | $ | — | $ | 1,133,128 | |||||||||||
Condensed Consolidating Statements of Cash Flows | |||||||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||
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 | ||||||||||
Investing Activities | |||||||||||||||||||||
Capital expenditures | (4,150 | ) | (299,818 | ) | — | — | (303,968 | ) | |||||||||||||
Minimum royalty payments | — | (9,192 | ) | — | — | (9,192 | ) | ||||||||||||||
Proceeds from dispositions of property, plant and equipment | — | 1,127 | 21,497 | — | 22,624 | ||||||||||||||||
Purchases of short term investments | (99,628 | ) | — | — | — | (99,628 | ) | ||||||||||||||
Investments in and advances to affiliates | (5,138 | ) | (9,082 | ) | — | 1,535 | (12,685 | ) | |||||||||||||
Purchase of noncontrolling interest | — | (17,500 | ) | — | — | (17,500 | ) | ||||||||||||||
Change in restricted cash | 6,872 | — | — | — | 6,872 | ||||||||||||||||
Cash provided by (used in) investing activities | (102,044 | ) | (334,465 | ) | 21,497 | 1,535 | (413,477 | ) | |||||||||||||
Financing Activities | |||||||||||||||||||||
Contributions from parent | — | 1,535 | — | (1,535 | ) | — | |||||||||||||||
Proceeds from issuance of term loan | 1,386,000 | — | — | — | 1,386,000 | ||||||||||||||||
Payments on term loan | (3,500 | ) | — | — | — | (3,500 | ) | ||||||||||||||
Payments to retire debt | — | (452,806 | ) | — | — | (452,806 | ) | ||||||||||||||
Net decrease in borrowings under lines of credit | (375,000 | ) | — | (6,300 | ) | — | (381,300 | ) | |||||||||||||
Net payments from other debt | (13,078 | ) | — | — | — | (13,078 | ) | ||||||||||||||
Debt financing costs | (34,640 | ) | — | (46 | ) | — | (34,686 | ) | |||||||||||||
Dividends paid | (36,072 | ) | — | — | — | (36,072 | ) | ||||||||||||||
Proceeds from exercise of options under incentive plans | 5,131 | — | — | — | 5,131 | ||||||||||||||||
Transactions with affiliates, net | 30,338 | 66,364 | (96,702 | ) | — | — | |||||||||||||||
Cash provided by (used in) financing activities | 959,179 | (384,907 | ) | (103,048 | ) | (1,535 | ) | 469,689 | |||||||||||||
Increase in cash and cash equivalents | 247,006 | 155,173 | 10,428 | — | 412,607 | ||||||||||||||||
Cash and cash equivalents, beginning of period | 66,542 | 70,258 | 1,349 | — | 138,149 | ||||||||||||||||
Cash and cash equivalents, end of period | $ | 313,548 | $ | 225,431 | $ | 11,777 | $ | — | $ | 550,756 | |||||||||||
Basis_of_Presentation_Policy
Basis of Presentation (Policy) | 9 Months Ended |
Sep. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Basis of Presentation | ' |
The accompanying unaudited condensed consolidated financial statements include the accounts of Arch Coal, Inc. and its subsidiaries and controlled entities (the “Company”). The Company’s primary business is the production of thermal and metallurgical coal from surface and underground mines located throughout the United States, for sale to utility, industrial and steel producers both in the United States and around the world. The Company currently operates mining complexes in West Virginia, Kentucky, Maryland, Virginia, Illinois, Wyoming and Colorado. In addition, the Company is developing a metallurgical coal mine in West Virginia. All subsidiaries are wholly-owned. Intercompany transactions and accounts have been eliminated in consolidation. | |
The Company completed the sale of a subsidiary comprised of three mining complexes in the Western Bituminous reportable segment ("WBIT") on August 16, 2013. The results of these mining complexes have been segregated from continuing operations and are reflected, net of tax, as discontinued operations in the condensed consolidated statements of operations for all periods presented. See further discussion in Note 3, "Discontinued Operations". | |
In response to decreasing demand for thermal coal in Appalachia, the Company closed four mining complexes, temporarily idled a fifth complex, and curtailed production at other mines in the region in the second quarter of 2012. The operations continued to ship from inventory into the third quarter of 2012. The results for the closed and idled complexes are reflected in continuing operations in the condensed consolidating statements of operations for the three and nine month periods ended September 30, 2012. See further discussion in Note 5, "Impairment Charges". | |
The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial reporting and U.S. Securities and Exchange Commission regulations. In the opinion of management, all adjustments, consisting of normal, recurring accruals considered necessary for a fair presentation, have been included. Results of operations for the three and nine month periods ended September 30, 2013 are not necessarily indicative of results to be expected for the year ending December 31, 2013. These financial statements should be read in conjunction with the audited financial statements and related notes as of and for the year ended December 31, 2012 included in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission. |
Discontinued_Operations_Tables
Discontinued Operations (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | |||||||||||||||
ResultsOfDiscontinuedOperationsTableTextBlock [Table Text Block] | ' | |||||||||||||||
The following table summarizes the results of discontinued operations: | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(In thousands) | ||||||||||||||||
Total Revenues | $ | 45,763 | $ | 112,448 | $ | 219,002 | $ | 289,715 | ||||||||
Income from discontinued operations before income taxes | $ | 3,429 | $ | 16,718 | $ | 32,166 | $ | 50,911 | ||||||||
Gain on sale | 115,679 | — | 115,679 | — | ||||||||||||
Income tax expense (benefit) | 39,704 | (4,360 | ) | 46,029 | 7,293 | |||||||||||
Income from discontinued operations, including gain on sale - net of tax | $ | 79,404 | $ | 21,078 | $ | 101,816 | $ | 43,618 | ||||||||
Basic earnings per common share from discontinued operations | $ | 0.37 | $ | 0.1 | $ | 0.48 | $ | 0.21 | ||||||||
Diluted earnings per common share from discontinued operations | $ | 0.37 | $ | 0.1 | $ | 0.48 | $ | 0.21 | ||||||||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Abstract] | ' | |||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | |||||||||||||||
ollowing items are included in accumulated other comprehensive loss: | ||||||||||||||||
Pension, | ||||||||||||||||
Postretirement | ||||||||||||||||
and Other | Accumulated | |||||||||||||||
Post- | Other | |||||||||||||||
Derivative | Employment | Available-for- | Comprehensive | |||||||||||||
Instruments | Benefits | Sale Securities | Loss | |||||||||||||
(In thousands) | ||||||||||||||||
Balance at December 31, 2012 | $ | 2,244 | $ | (18,286 | ) | $ | (465 | ) | $ | (16,507 | ) | |||||
Unrealized gains | 1,197 | 1,938 | 4,653 | 7,788 | ||||||||||||
Amounts reclassified from accumulated other comprehensive income | (1,339 | ) | 1,252 | 200 | 113 | |||||||||||
Balance at September 30, 2013 | $ | 2,102 | $ | (15,096 | ) | $ | 4,388 | $ | (8,606 | ) | ||||||
Schedule of comprehensive income reclassifications [Table Text Block] | ' | |||||||||||||||
The following amounts were reclassified out of accumulated other comprehensive loss: | ||||||||||||||||
Amount Reclassified from | ||||||||||||||||
Accumulated Comprehensive Loss | Line Item in the | |||||||||||||||
Details about accumulated other | Three Months Ended | Nine Months Ended | Condensed Consolidated | |||||||||||||
comprehensive income components | 30-Sep-13 | 30-Sep-13 | Statement of Operations | |||||||||||||
(In thousands) | ||||||||||||||||
Derivative instruments | $ | 692 | $ | 2,093 | Revenues | |||||||||||
(249 | ) | (754 | ) | Provision for (benefit from) income taxes | ||||||||||||
$ | 443 | $ | 1,339 | Net of tax | ||||||||||||
Pension, postretirement and other post-employment benefits | ||||||||||||||||
Amortization of prior service credits | $ | 5,573 | $ | 11,154 | 1 | |||||||||||
Amortization of actuarial gains (losses), net | (3,823 | ) | (13,108 | ) | 1 | |||||||||||
1,750 | (1,954 | ) | Total before tax | |||||||||||||
(631 | ) | 702 | Provision for (benefit from) income taxes | |||||||||||||
$ | 1,119 | $ | (1,252 | ) | Net of tax | |||||||||||
Available-for-sale securities | $ | (4 | ) | $ | (313 | ) | 2 | Interest and investment income | ||||||||
2 | 113 | Provision for (benefit from) income taxes | ||||||||||||||
$ | (2 | ) | $ | (200 | ) | Net of tax | ||||||||||
1 Production-related benefits and workers' compensation costs are included in costs to produce coal. See Note 14, "Workers' Compensation Expense" and Note 15 "Employee Benefit Plans" for more information about pension, postretirement and postemployment benefit costs. | ||||||||||||||||
2 The gains and losses on sales of available-for-sale-securities are determined on a specific identification basis. |
Inventories_Tables
Inventories (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Inventories | ' | ||||||||
Inventories consist of the following: | |||||||||
30-Sep | 31-Dec | ||||||||
2013 | 2012 | ||||||||
(In thousands) | |||||||||
Coal | $ | 134,481 | $ | 180,917 | |||||
Repair parts and supplies | 143,763 | 172,139 | |||||||
Work-in-process | 9,165 | 12,368 | |||||||
$ | 287,409 | $ | 365,424 | ||||||
Investments_in_AvailableforSal1
Investments in Available-for-Sale Securities (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Available-for-sale Securities [Abstract] | ' | |||||||||||||||||||||||
Available-for-sale Securities [Table Text Block] | ' | |||||||||||||||||||||||
The Company's investments in available-for-sale marketable securities are as follows: | ||||||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||||||
Balance Sheet | ||||||||||||||||||||||||
Gross | Gross | Classification | ||||||||||||||||||||||
Unrealized | Unrealized | Fair | Short-Term | Other | ||||||||||||||||||||
Cost Basis | Gains | Losses | Value | Investments | Assets | |||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Available-for-sale: | ||||||||||||||||||||||||
U.S. government and agency securities | $ | 123,809 | $ | 7 | $ | (126 | ) | $ | 123,690 | $ | 123,690 | $ | — | |||||||||||
Corporate notes and bonds | 125,479 | 21 | (466 | ) | 125,034 | 125,034 | — | |||||||||||||||||
Equity securities | 5,271 | 10,284 | (2,865 | ) | 12,690 | — | 12,690 | |||||||||||||||||
Total Investments | $ | 254,559 | $ | 10,312 | $ | (3,457 | ) | $ | 261,414 | $ | 248,724 | $ | 12,690 | |||||||||||
December 31, 2012 | ||||||||||||||||||||||||
Balance Sheet | ||||||||||||||||||||||||
Gross | Gross | Classification | ||||||||||||||||||||||
Unrealized | Unrealized | Fair | Short-Term | Other | ||||||||||||||||||||
Cost Basis | Gains | Losses | Value | Investments | Assets | |||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Available-for-sale: | ||||||||||||||||||||||||
U.S. government and agency securities | $ | 146,993 | $ | 2 | $ | (412 | ) | $ | 146,583 | $ | 146,583 | $ | — | |||||||||||
Corporate notes and bonds | 88,118 | — | (396 | ) | 87,722 | 87,722 | — | |||||||||||||||||
Equity securities | 5,271 | 2,704 | (2,628 | ) | 5,347 | — | 5,347 | |||||||||||||||||
Total Investments | $ | 240,382 | $ | 2,706 | $ | (3,436 | ) | $ | 239,652 | $ | 234,305 | $ | 5,347 | |||||||||||
Equity_Investments_And_Members1
Equity Investments And Membership Interests In Joint Ventures (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||
Equity Method Investments and Joint Ventures [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule Of Equity Method Investments | ' | ||||||||||||||||||||||||||||
In thousands | Knight Hawk | DKRW | DTA | Tenaska | Millennium | Tongue River | Total | ||||||||||||||||||||||
Balance at December 31, 2012 | $ | 149,063 | $ | 15,515 | $ | 15,462 | $ | 15,264 | $ | 32,214 | $ | 14,697 | $ | 242,215 | |||||||||||||||
Advances to (distributions from) affiliates, net | (5,342 | ) | — | 2,537 | — | 4,954 | 2,696 | 4,845 | |||||||||||||||||||||
Equity in comprehensive income (loss) | 13,362 | (1,832 | ) | (3,855 | ) | — | (1,953 | ) | (281 | ) | 5,441 | ||||||||||||||||||
Impairment of equity investment | — | (13,683 | ) | — | (15,264 | ) | — | — | (28,947 | ) | |||||||||||||||||||
Balance at September 30, 2013 | $ | 157,083 | $ | — | $ | 14,144 | $ | — | $ | 35,215 | $ | 17,112 | $ | 223,554 | |||||||||||||||
Derivatives_Tables
Derivatives (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Price Risk Derivatives | ' | ||||||||||||||||||||||||
At September 30, 2013, the Company held derivatives for risk management purposes that are expected to settle in the following years: | |||||||||||||||||||||||||
(Tons in thousands) | 2013 | 2014 | 2015 | Total | |||||||||||||||||||||
Coal sales | 2,314 | 4,458 | 780 | 7,552 | |||||||||||||||||||||
Coal purchases | 609 | 1,260 | — | 1,869 | |||||||||||||||||||||
Disclosure Of Fair Value Of Derivatives | ' | ||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||
Fair Value of Derivatives | Asset | Liability | Asset | Liability | |||||||||||||||||||||
(In thousands) | Derivative | Derivative | Derivative | Derivative | |||||||||||||||||||||
Derivatives Designated as Hedging Instruments | |||||||||||||||||||||||||
Coal | $ | 3,009 | $ | (4 | ) | $ | 3,277 | $ | (10 | ) | |||||||||||||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||||||||||||
Heating oil -- diesel purchases | 3,825 | — | 7,379 | — | |||||||||||||||||||||
Heating oil -- fuel surcharges | 400 | — | 1,961 | — | |||||||||||||||||||||
Coal -- held for trading purposes | 59,789 | (52,383 | ) | 17,403 | (16,933 | ) | |||||||||||||||||||
Coal -- risk management | 15,907 | (3,903 | ) | 24,843 | (7,342 | ) | |||||||||||||||||||
Total | 79,921 | (56,286 | ) | 51,586 | (24,275 | ) | |||||||||||||||||||
Total derivatives | 82,930 | (56,290 | ) | 54,863 | (24,285 | ) | |||||||||||||||||||
Effect of counterparty netting | (55,869 | ) | 55,869 | (22,548 | ) | 22,548 | |||||||||||||||||||
Net derivatives as classified in the balance sheets | $ | 27,061 | $ | (421 | ) | $ | 26,640 | $ | 32,315 | $ | (1,737 | ) | $ | 30,578 | |||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||
Net derivatives as reflected on the balance sheets | |||||||||||||||||||||||||
Heating oil | Other current assets | $ | 4,225 | $ | 9,340 | ||||||||||||||||||||
Coal | Coal derivative assets | 22,836 | 22,975 | ||||||||||||||||||||||
Coal derivative liabilities | (421 | ) | (1,737 | ) | |||||||||||||||||||||
$ | 26,640 | $ | 30,578 | ||||||||||||||||||||||
Effects Of Derivatives On Measures Of Financial Performance | ' | ||||||||||||||||||||||||
Derivatives used in Cash Flow Hedging Relationships (in thousands) | |||||||||||||||||||||||||
For the nine months ended September 30 | |||||||||||||||||||||||||
Gain (Loss) Recognized in Other Comprehensive Income(Effective Portion) | Gains (Losses) Reclassified from Other Comprehensive Income into Income | ||||||||||||||||||||||||
(Effective Portion) | |||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Coal sales | (1) | $ | 2,308 | $ | 4,983 | $ | 2,822 | $ | 1,552 | ||||||||||||||||
Coal purchases | (2) | (511 | ) | (1,122 | ) | (633 | ) | — | |||||||||||||||||
Totals | $ | 1,797 | $ | 3,861 | $ | 2,189 | $ | 1,552 | |||||||||||||||||
No ineffectiveness or amounts excluded from effectiveness testing relating to the Company’s cash flow hedging relationships were recognized in the results of operations in the nine month periods ended September 30, 2013 and 2012. | |||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments (in thousands) | |||||||||||||||||||||||||
For the nine months ended September 30 | |||||||||||||||||||||||||
Gain (Loss) Recognized | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Coal — unrealized | (3) | $ | (5,089 | ) | $ | 23,670 | |||||||||||||||||||
Coal — realized | (4) | $ | 25,725 | $ | 25,901 | ||||||||||||||||||||
Heating oil — diesel purchases | (4) | $ | (9,760 | ) | $ | (16,902 | ) | ||||||||||||||||||
Heating oil — fuel surcharges | (4) | $ | (817 | ) | $ | (1,140 | ) | ||||||||||||||||||
____________________________________________________________ | |||||||||||||||||||||||||
Location in statement of operations: | |||||||||||||||||||||||||
(1) — Revenues | |||||||||||||||||||||||||
(2) — Cost of sales | |||||||||||||||||||||||||
(3) — Change in fair value of coal derivatives and coal trading activities, net | |||||||||||||||||||||||||
(4) — Other operating income, net | |||||||||||||||||||||||||
Derivatives used in Cash Flow Hedging Relationships (in thousands) | |||||||||||||||||||||||||
For the three months ended September 30, | |||||||||||||||||||||||||
Gain (Loss) Recognized in Other Comprehensive Income(Effective Portion) | Gains (Losses) Reclassified from Other Comprehensive Income into Income | ||||||||||||||||||||||||
(Effective Portion) | |||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Coal sales | (1) | $ | 3,132 | $ | 259 | $ | 911 | $ | 542 | ||||||||||||||||
Coal purchases | (2) | (942 | ) | (178 | ) | (123 | ) | — | |||||||||||||||||
Totals | $ | 2,190 | $ | 81 | $ | 788 | $ | 542 | |||||||||||||||||
No ineffectiveness or amounts excluded from effectiveness testing relating to the Company’s cash flow hedging relationships were recognized in the results of operations in the three month periods ended September 30, 2013 and 2012. | |||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments (in thousands) | |||||||||||||||||||||||||
For the three months ended September 30, | |||||||||||||||||||||||||
Gain (Loss) Recognized | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Coal — unrealized | (3) | $ | (10,668 | ) | $ | (11,328 | ) | ||||||||||||||||||
Coal — realized | (4) | $ | 9,929 | $ | 14,072 | ||||||||||||||||||||
Heating oil — diesel purchases | (4) | $ | (288 | ) | $ | 5,184 | |||||||||||||||||||
Heating oil — fuel surcharges | (4) | $ | (222 | ) | $ | 1,092 | |||||||||||||||||||
____________________________________________________________ | |||||||||||||||||||||||||
Location in statement of operations: | |||||||||||||||||||||||||
(1) — Revenues | |||||||||||||||||||||||||
(2) — Cost of sales | |||||||||||||||||||||||||
(3) — Change in fair value of coal derivatives and coal trading activities, net | |||||||||||||||||||||||||
(4) — Other operating income, net |
Debt_Tables
Debt (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Debt | ' | ||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
(In thousands) | |||||||||
Term loan ($1.63 billion face value) due 2018 | $ | 1,617,097 | $ | 1,627,384 | |||||
8.75% senior notes ($600.0 million face value) due 2016 | 592,646 | 590,999 | |||||||
7.00% senior notes due 2019 at par | 1,000,000 | 1,000,000 | |||||||
9.875% senior notes ($375.0 million face value) due 2019 | 361,779 | 360,042 | |||||||
7.25% senior notes due 2020 at par | 500,000 | 500,000 | |||||||
7.25% senior notes due 2021 at par | 1,000,000 | 1,000,000 | |||||||
Other | 25,912 | 40,350 | |||||||
5,097,434 | 5,118,775 | ||||||||
Less current maturities of debt | 23,050 | 32,896 | |||||||
Long-term debt | $ | 5,074,384 | $ | 5,085,879 | |||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Summary Of Financial Assets And Liabilities Accounted For At Fair Value | ' | ||||||||||||||||
The table below sets forth, by level, the Company’s financial assets and liabilities that are recorded at fair value in the accompanying condensed consolidated balance sheet: | |||||||||||||||||
Fair Value at September 30, 2013 | |||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
(In thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Investments in marketable securities | $ | 261,414 | $ | 101,338 | $ | 160,076 | $ | — | |||||||||
Derivatives | 27,061 | 22,750 | — | 4,311 | |||||||||||||
Total assets | $ | 288,475 | $ | 124,088 | $ | 160,076 | $ | 4,311 | |||||||||
Liabilities: | |||||||||||||||||
Derivatives | $ | 421 | $ | — | $ | 204 | $ | 217 | |||||||||
Summary Of Change In The Fair Values Of Financial Instruments Categorized As Level 3 | ' | ||||||||||||||||
The following table summarizes the change in the fair values of financial instruments categorized as level 3. | |||||||||||||||||
Three Months Ended September 30, 2013 | Nine Months Ended September 30, 2013 | ||||||||||||||||
(In thousands) | |||||||||||||||||
Balance, beginning of period | $ | 3,438 | $ | 8,174 | |||||||||||||
Realized and unrealized losses recognized in earnings, net | (570 | ) | (9,882 | ) | |||||||||||||
Purchases | 1,464 | 7,317 | |||||||||||||||
Issuances | — | (25 | ) | ||||||||||||||
Settlements | (238 | ) | (1,490 | ) | |||||||||||||
Ending balance | $ | 4,094 | $ | 4,094 | |||||||||||||
Accrued_Expenses_and_Other_Cur1
Accrued Expenses and Other Current Liabilities Accrued Expenses and Other Current Liabilities (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Accrued Expenses and Other Current Liabilities [Abstract] | ' | ||||||||
Schedule of Accrued Liabilities [Table Text Block] | ' | ||||||||
Accrued expenses and other current liabilities consist of the following: | |||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
(In thousands) | |||||||||
Payroll and employee benefits | $ | 68,245 | $ | 72,405 | |||||
Taxes other than income taxes | 113,872 | 121,029 | |||||||
Interest | 80,454 | 42,413 | |||||||
Acquired sales contracts | 14,461 | 14,038 | |||||||
Workers’ compensation | 12,215 | 10,371 | |||||||
Asset retirement obligations | 38,895 | 38,920 | |||||||
Other | 20,891 | 18,842 | |||||||
$ | 349,033 | $ | 318,018 | ||||||
Workers_Compensation_Expense_T
Workers' Compensation Expense (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Workers' Compensation Expense [Abstract] | ' | ||||||||||||||||
Workers' Compensation Expense | ' | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(In thousands) | |||||||||||||||||
Service cost | $ | 363 | $ | 419 | $ | 1,373 | $ | 1,458 | |||||||||
Interest cost | 709 | 629 | 2,022 | 1,708 | |||||||||||||
Net amortization | 262 | — | 731 | (574 | ) | ||||||||||||
Curtailments | 816 | — | 816 | 1,933 | |||||||||||||
Total occupational disease | 2,150 | 1,048 | 4,942 | 4,525 | |||||||||||||
Traumatic injury claims and assessments | 4,114 | 7,453 | 16,263 | 19,052 | |||||||||||||
Total workers’ compensation expense | $ | 6,264 | $ | 8,501 | $ | 21,205 | $ | 23,577 | |||||||||
Employee_Benefit_Plans_Tables
Employee Benefit Plans (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Pension and Other Postretirement Benefit Expense [Abstract] | ' | |||||||||||||||
Other Postretirement Benefit Costs Table Text Block [Table Text Block] | ' | |||||||||||||||
The following table details the components of other postretirement benefit costs (credits): | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(In thousands) | ||||||||||||||||
Service cost | $ | 497 | $ | 541 | $ | 1,591 | $ | 1,629 | ||||||||
Interest cost | 427 | 508 | 1,273 | 1,519 | ||||||||||||
Curtailments | (5,444 | ) | (2,212 | ) | (5,444 | ) | (4,049 | ) | ||||||||
Amortization of prior service credits | (2,641 | ) | (2,837 | ) | (8,121 | ) | (8,708 | ) | ||||||||
Amortization of other actuarial losses (gains) | (55 | ) | (130 | ) | (53 | ) | (391 | ) | ||||||||
Net benefit credit | $ | (7,216 | ) | $ | (4,130 | ) | $ | (10,754 | ) | $ | (10,000 | ) | ||||
Pension Benefit Costs | ' | |||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(In thousands) | ||||||||||||||||
Service cost | $ | 6,672 | $ | 6,156 | $ | 21,162 | $ | 21,062 | ||||||||
Interest cost | 3,994 | 3,683 | 11,796 | 11,755 | ||||||||||||
Curtailments | 47 | — | 47 | 324 | ||||||||||||
Expected return on plan assets | (5,848 | ) | (5,508 | ) | (17,690 | ) | (16,523 | ) | ||||||||
Amortization of prior service costs (credits) | (51 | ) | 273 | (152 | ) | 200 | ||||||||||
Amortization of other actuarial losses | 3,617 | 3,248 | 12,430 | 11,019 | ||||||||||||
Net benefit cost | $ | 8,431 | $ | 7,852 | $ | 27,593 | $ | 27,837 | ||||||||
Segment_Information_Tables
Segment Information (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||||||
Schedule Of Operating Segment Results | ' | ||||||||||||||||||||||||
PRB | APP | WBIT | Other | Corporate, | Consolidated | ||||||||||||||||||||
Operating | Other and | ||||||||||||||||||||||||
Segments | Eliminations | ||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Three months ended September 30, 2013 | |||||||||||||||||||||||||
Revenues | $ | 420,521 | $ | 263,188 | $ | 78,022 | $ | 29,538 | $ | — | $ | 791,269 | |||||||||||||
Income (loss) from operations | 20,694 | (157,883 | ) | 9,287 | (9,231 | ) | (97,620 | ) | (234,753 | ) | |||||||||||||||
Depreciation, depletion and amortization | 46,619 | 46,529 | 9,436 | 2,523 | 1,216 | 106,323 | |||||||||||||||||||
Amortization of acquired sales contracts, net | (864 | ) | (2,691 | ) | — | 987 | — | (2,568 | ) | ||||||||||||||||
Asset impairment and mine closure costs | — | 126,449 | — | 16,280 | 57,668 | 200,397 | |||||||||||||||||||
Capital expenditures | 1,695 | 44,624 | 5,859 | 1,263 | 663 | 54,104 | |||||||||||||||||||
Three months ended September 30, 2012 | |||||||||||||||||||||||||
Revenues | $ | 406,719 | $ | 436,409 | $ | 105,515 | $ | 26,527 | $ | — | $ | 975,170 | |||||||||||||
Income (loss) from operations | 38,873 | 88,695 | 24,110 | (1,298 | ) | (31,138 | ) | 119,242 | |||||||||||||||||
Depreciation, depletion and amortization | 43,944 | 61,596 | 9,985 | 2,594 | 823 | 118,942 | |||||||||||||||||||
Amortization of acquired sales contracts, net | (589 | ) | (3,711 | ) | — | 207 | — | (4,093 | ) | ||||||||||||||||
Asset impairment and mine closure costs | — | (1,801 | ) | — | (210 | ) | (133 | ) | (2,144 | ) | |||||||||||||||
Capital expenditures | 5,620 | 77,772 | 13,510 | 3,640 | 1,353 | 101,895 | |||||||||||||||||||
Nine months ended September 30, 2013 | |||||||||||||||||||||||||
Revenues | $ | 1,135,892 | $ | 883,484 | $ | 187,374 | $ | 88,221 | $ | — | $ | 2,294,971 | |||||||||||||
Income (loss) from operations | 53,244 | (190,278 | ) | 23,766 | (407 | ) | (208,788 | ) | (322,463 | ) | |||||||||||||||
Depreciation, depletion and amortization | 130,993 | 157,866 | 26,528 | 7,792 | 4,422 | 327,601 | |||||||||||||||||||
Amortization of acquired sales contracts, net | (3,004 | ) | (7,975 | ) | — | 3,392 | — | (7,587 | ) | ||||||||||||||||
Asset impairment and mine closure costs | — | 126,449 | — | 16,280 | 78,150 | 220,879 | |||||||||||||||||||
Total assets | 1,897,218 | 4,141,072 | 146,947 | 137,941 | 3,208,277 | 9,531,455 | |||||||||||||||||||
Capital expenditures | 5,671 | 137,390 | 13,147 | 4,776 | 62,184 | 223,168 | |||||||||||||||||||
Nine months ended September 30, 2012 | |||||||||||||||||||||||||
Revenues | $ | 1,130,408 | $ | 1,409,776 | $ | 272,359 | $ | 88,549 | $ | — | $ | 2,901,092 | |||||||||||||
Income (loss) from operations | 94,163 | (388,563 | ) | 34,937 | (3,757 | ) | (186,634 | ) | (449,854 | ) | |||||||||||||||
Depreciation, depletion and amortization | 122,298 | 210,789 | 29,894 | 9,704 | 1,946 | 374,631 | |||||||||||||||||||
Amortization of acquired sales contracts, net | (1,374 | ) | (21,658 | ) | — | 471 | — | (22,561 | ) | ||||||||||||||||
Asset impairment and mine closure costs | — | 524,115 | — | (437 | ) | (239 | ) | 523,439 | |||||||||||||||||
Total assets | 2,234,941 | 4,130,273 | 676,057 | 169,981 | 2,724,602 | 9,935,854 | |||||||||||||||||||
Capital expenditures | 15,399 | 222,177 | 42,761 | 8,153 | 15,478 | 303,968 | |||||||||||||||||||
Reconciliation Statement Of Segment Income From Operations To Consolidated Income Before Income Taxes | ' | ||||||||||||||||||||||||
A reconciliation of segment income (loss) from operations to consolidated loss before income taxes follows: | |||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Income (loss) from operations | $ | (234,753 | ) | $ | 119,242 | $ | (322,463 | ) | $ | (449,854 | ) | ||||||||||||||
Interest expense | (95,624 | ) | (75,710 | ) | (285,454 | ) | (229,210 | ) | |||||||||||||||||
Interest and investment income | 697 | 1,459 | 4,749 | 3,568 | |||||||||||||||||||||
Other nonoperating expense | $ | — | $ | — | $ | — | $ | (19,042 | ) | ||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (329,680 | ) | $ | 44,991 | $ | (603,168 | ) | $ | (694,538 | ) | ||||||||||||||
Supplemental_Condensed_Consoli1
Supplemental Condensed Consolidating Financial Information (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Supplemental Condensed Consolidating Financial Information [Abstract] | ' | ||||||||||||||||||||
Schedule of Condensed Consolidating Statements of Income [Table Text Block] | ' | ||||||||||||||||||||
Condensed Consolidating Statements of Operations | |||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Guarantor | ||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Revenues | $ | — | $ | 791,269 | $ | — | $ | — | $ | 791,269 | |||||||||||
Costs, expenses and other | |||||||||||||||||||||
Cost of sales (exclusive of items shown separately below) | 169 | 688,543 | — | — | 688,712 | ||||||||||||||||
Depreciation, depletion and amortization | 1,549 | 104,765 | 9 | — | 106,323 | ||||||||||||||||
Amortization of acquired sales contracts, net | — | (2,568 | ) | — | — | (2,568 | ) | ||||||||||||||
Change in fair value of coal derivatives and coal trading activities, net | — | 9,753 | — | — | 9,753 | ||||||||||||||||
Asset impairment and mine closure costs | 57,668 | 142,729 | — | — | 200,397 | ||||||||||||||||
Selling, general and administrative expenses | 19,104 | 8,214 | 1,482 | — | 28,800 | ||||||||||||||||
Other operating income, net | 2,345 | (7,740 | ) | — | — | (5,395 | ) | ||||||||||||||
80,835 | 943,696 | 1,491 | — | 1,026,022 | |||||||||||||||||
Loss from investment in subsidiaries | (61,537 | ) | — | — | 61,537 | — | |||||||||||||||
Loss from operations | (142,372 | ) | (152,427 | ) | (1,491 | ) | 61,537 | (234,753 | ) | ||||||||||||
Interest expense, net | |||||||||||||||||||||
Interest expense | (114,536 | ) | (6,222 | ) | (1,070 | ) | 26,204 | (95,624 | ) | ||||||||||||
Interest and investment income | 6,606 | 18,975 | 1,320 | (26,204 | ) | 697 | |||||||||||||||
(107,930 | ) | 12,753 | 250 | — | (94,927 | ) | |||||||||||||||
Loss from continuing operations before income taxes | (250,302 | ) | (139,674 | ) | (1,241 | ) | 61,537 | (329,680 | ) | ||||||||||||
Provision for (benefit from) income taxes | (121,939 | ) | — | 26 | — | (121,913 | ) | ||||||||||||||
Loss from continuing operations | (128,363 | ) | (139,674 | ) | (1,267 | ) | 61,537 | (207,767 | ) | ||||||||||||
Income from discontinued operations, including gain on sale - net of tax | — | 79,404 | — | — | 79,404 | ||||||||||||||||
Net loss | $ | (128,363 | ) | $ | (60,270 | ) | $ | (1,267 | ) | $ | 61,537 | $ | (128,363 | ) | |||||||
Total comprehensive loss | $ | (125,996 | ) | $ | (59,241 | ) | $ | (1,267 | ) | $ | 60,508 | $ | (125,996 | ) | |||||||
Condensed Consolidating Statements of Operations | |||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Guarantor | ||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Revenues | $ | — | $ | 2,294,971 | $ | — | $ | — | $ | 2,294,971 | |||||||||||
Costs, expenses and other | |||||||||||||||||||||
Cost of sales (exclusive of items shown separately below) | 4,881 | 1,989,772 | — | — | 1,994,653 | ||||||||||||||||
Depreciation, depletion and amortization | 4,430 | 323,144 | 27 | — | 327,601 | ||||||||||||||||
Amortization of acquired sales contracts, net | — | (7,587 | ) | — | — | (7,587 | ) | ||||||||||||||
Change in fair value of coal derivatives and coal trading activities, net | — | 2,053 | — | — | 2,053 | ||||||||||||||||
Asset impairment and mine closure costs | 78,150 | 142,729 | — | — | 220,879 | ||||||||||||||||
Selling, general and administrative expenses | 63,006 | 28,978 | 4,327 | — | 96,311 | ||||||||||||||||
Other operating income, net | (4,663 | ) | (10,704 | ) | (1,109 | ) | — | (16,476 | ) | ||||||||||||
145,804 | 2,468,385 | 3,245 | — | 2,617,434 | |||||||||||||||||
Loss from investment in subsidiaries | (42,199 | ) | — | — | 42,199 | — | |||||||||||||||
Loss from operations | (188,003 | ) | (173,414 | ) | (3,245 | ) | 42,199 | (322,463 | ) | ||||||||||||
Interest expense, net | |||||||||||||||||||||
Interest expense | (336,310 | ) | (18,502 | ) | (3,170 | ) | 72,528 | (285,454 | ) | ||||||||||||
Interest and investment income | 22,917 | 49,986 | 4,374 | (72,528 | ) | 4,749 | |||||||||||||||
(313,393 | ) | 31,484 | 1,204 | — | (280,705 | ) | |||||||||||||||
Loss from continuing operations before income taxes | (501,396 | ) | (141,930 | ) | (2,041 | ) | 42,199 | (603,168 | ) | ||||||||||||
Provision for (benefit from) income taxes | (230,778 | ) | — | 44 | — | (230,734 | ) | ||||||||||||||
Loss from continuing operations | (270,618 | ) | (141,930 | ) | (2,085 | ) | 42,199 | (372,434 | ) | ||||||||||||
Income from discontinued operations, including gain on sale - net of tax | — | 101,816 | — | — | 101,816 | ||||||||||||||||
Net loss | $ | (270,618 | ) | $ | (40,114 | ) | $ | (2,085 | ) | $ | 42,199 | $ | (270,618 | ) | |||||||
Total comprehensive loss | $ | (262,717 | ) | $ | (39,175 | ) | $ | (2,085 | ) | $ | 41,260 | $ | (262,717 | ) | |||||||
Condensed Consolidating Statements of Operations | |||||||||||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Guarantor | ||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Revenues | $ | — | $ | 975,170 | $ | — | $ | — | $ | 975,170 | |||||||||||
Costs, expenses and other | |||||||||||||||||||||
Cost of sales (exclusive of items shown separately below) | 2,437 | 806,052 | — | — | 808,489 | ||||||||||||||||
Depreciation, depletion and amortization | 1,399 | 117,534 | 9 | — | 118,942 | ||||||||||||||||
Amortization of acquired sales contracts, net | — | (4,093 | ) | — | — | (4,093 | ) | ||||||||||||||
Change in fair value of coal derivatives and coal trading activities, net | — | 5,840 | — | — | 5,840 | ||||||||||||||||
Asset impairment and mine closure costs | — | (2,144 | ) | — | — | (2,144 | ) | ||||||||||||||
Legal contingencies | — | (79,532 | ) | — | — | (79,532 | ) | ||||||||||||||
Selling, general and administrative expenses | 22,051 | 9,432 | 1,783 | — | 33,266 | ||||||||||||||||
Other operating income, net | (11,052 | ) | (13,699 | ) | (89 | ) | — | (24,840 | ) | ||||||||||||
14,835 | 839,390 | 1,703 | — | 855,928 | |||||||||||||||||
Income from investment in subsidiaries | 164,152 | — | — | (164,152 | ) | — | |||||||||||||||
Income (loss) from operations | 149,317 | 135,780 | (1,703 | ) | (164,152 | ) | 119,242 | ||||||||||||||
Interest expense, net | |||||||||||||||||||||
Interest expense | (91,577 | ) | (6,870 | ) | (649 | ) | 23,386 | (75,710 | ) | ||||||||||||
Interest and investment income | 8,329 | 14,570 | 1,946 | (23,386 | ) | 1,459 | |||||||||||||||
(83,248 | ) | 7,700 | 1,297 | — | (74,251 | ) | |||||||||||||||
Income (loss) from continuing operations before income taxes | 66,069 | 143,480 | (406 | ) | (164,152 | ) | 44,991 | ||||||||||||||
Provision for income taxes | 20,318 | — | — | — | 20,318 | ||||||||||||||||
Income (loss) from continuing operations | 45,751 | 143,480 | (406 | ) | (164,152 | ) | 24,673 | ||||||||||||||
Income from discontinued operations, net of tax | — | 21,078 | — | — | 21,078 | ||||||||||||||||
Net income (loss) | $ | 45,751 | $ | 164,558 | $ | (406 | ) | $ | (164,152 | ) | $ | 45,751 | |||||||||
Total comprehensive income (loss) | $ | 44,299 | $ | 163,375 | $ | (406 | ) | $ | (162,969 | ) | $ | 44,299 | |||||||||
Condensed Consolidating Statements of Operations | |||||||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Guarantor | ||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Revenues | $ | — | $ | 2,901,092 | $ | — | $ | — | $ | 2,901,092 | |||||||||||
Costs, expenses and other | — | ||||||||||||||||||||
Cost of sales (exclusive of items shown separately below) | 7,694 | 2,406,612 | — | — | 2,414,306 | ||||||||||||||||
Depreciation, depletion and amortization | 3,959 | 370,648 | 24 | — | 374,631 | ||||||||||||||||
Amortization of acquired sales contracts, net | — | (22,561 | ) | — | — | (22,561 | ) | ||||||||||||||
Change in fair value of coal derivatives and coal trading activities, net | — | (29,827 | ) | — | — | (29,827 | ) | ||||||||||||||
Asset impairment and mine closure costs | — | 523,439 | — | — | 523,439 | ||||||||||||||||
Goodwill impairment | — | 115,791 | — | — | 115,791 | ||||||||||||||||
Legal contingencies | — | (79,532 | ) | — | — | (79,532 | ) | ||||||||||||||
Selling, general and administrative expenses | 62,469 | 30,965 | 5,871 | — | 99,305 | ||||||||||||||||
Other operating income, net | (7,693 | ) | (23,811 | ) | (13,102 | ) | — | (44,606 | ) | ||||||||||||
66,429 | 3,291,724 | (7,207 | ) | — | 3,350,946 | ||||||||||||||||
Loss from investment in subsidiaries | (324,429 | ) | — | — | 324,429 | — | |||||||||||||||
Income (loss) from operations | (390,858 | ) | (390,632 | ) | 7,207 | 324,429 | (449,854 | ) | |||||||||||||
Interest expense, net | |||||||||||||||||||||
Interest expense | (263,381 | ) | (27,285 | ) | (2,382 | ) | 63,838 | (229,210 | ) | ||||||||||||
Interest and investment income | 19,087 | 42,508 | 5,811 | (63,838 | ) | 3,568 | |||||||||||||||
(244,294 | ) | 15,223 | 3,429 | — | (225,642 | ) | |||||||||||||||
Other non-operating expense | |||||||||||||||||||||
Net loss resulting from early retirement of ICG debt | (17,349 | ) | (1,693 | ) | — | — | (19,042 | ) | |||||||||||||
Income (loss) from continuing operations before income taxes | (652,501 | ) | (377,102 | ) | 10,636 | 324,429 | (694,538 | ) | |||||||||||||
Provision for (benefit from) income taxes | (264,237 | ) | — | 1,581 | — | (262,656 | ) | ||||||||||||||
Income (loss) from continuing operations | (388,264 | ) | (377,102 | ) | 9,055 | 324,429 | (431,882 | ) | |||||||||||||
Income from discontinued operations, net of tax | — | 43,618 | — | — | 43,618 | ||||||||||||||||
Net Income (loss) | (388,264 | ) | (333,484 | ) | 9,055 | 324,429 | (388,264 | ) | |||||||||||||
Less: Net income attributable to noncontrolling interest | (268 | ) | — | — | — | (268 | ) | ||||||||||||||
Net Income (loss) attributable to Arch Coal, Inc. | $ | (388,532 | ) | $ | (333,484 | ) | $ | 9,055 | $ | 324,429 | $ | (388,532 | ) | ||||||||
Total comprehensive income (loss) | $ | (385,523 | ) | $ | (336,648 | ) | $ | 9,055 | $ | 327,593 | $ | (385,523 | ) | ||||||||
Schedule of Condensed Consolidating Balance Sheets [Table Text Block] | ' | ||||||||||||||||||||
Condensed Consolidating Balance Sheets | |||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Assets | |||||||||||||||||||||
Cash and cash equivalents | $ | 1,021,245 | $ | 100,410 | $ | 11,473 | $ | — | $ | 1,133,128 | |||||||||||
Restricted cash | — | — | — | — | — | ||||||||||||||||
Short term investments | 248,724 | — | — | — | 248,724 | ||||||||||||||||
Receivables | 7,847 | 21,178 | 190,493 | (4,679 | ) | 214,839 | |||||||||||||||
Inventories | — | 287,409 | — | — | 287,409 | ||||||||||||||||
Other | 96,992 | 48,270 | 277 | — | 145,539 | ||||||||||||||||
Total current assets | 1,374,808 | 457,267 | 202,243 | (4,679 | ) | 2,029,639 | |||||||||||||||
Property, plant and equipment, net | 25,526 | 6,752,687 | 46 | (34 | ) | 6,778,225 | |||||||||||||||
Investment in subsidiaries | 7,992,601 | — | — | (7,992,601 | ) | — | |||||||||||||||
Intercompany receivables | — | 1,986,992 | — | (1,986,992 | ) | — | |||||||||||||||
Note receivable from Arch Western | 675,000 | — | — | (675,000 | ) | — | |||||||||||||||
Other | 147,950 | 575,551 | 90 | — | 723,591 | ||||||||||||||||
Total other assets | 8,815,551 | 2,562,543 | 90 | (10,654,593 | ) | 723,591 | |||||||||||||||
Total assets | $ | 10,215,885 | $ | 9,772,497 | $ | 202,379 | $ | (10,659,306 | ) | $ | 9,531,455 | ||||||||||
Liabilities and Stockholders’ Equity | |||||||||||||||||||||
Accounts payable | $ | 20,728 | $ | 186,468 | $ | 77 | $ | — | $ | 207,273 | |||||||||||
Accrued expenses and other current liabilities | 107,756 | 246,063 | 314 | (4,679 | ) | 349,454 | |||||||||||||||
Current maturities of debt | 19,343 | 3,707 | — | — | 23,050 | ||||||||||||||||
Total current liabilities | 147,827 | 436,238 | 391 | (4,679 | ) | 579,777 | |||||||||||||||
Long-term debt | 5,055,021 | 19,363 | — | — | 5,074,384 | ||||||||||||||||
Intercompany payables | 1,810,718 | — | 176,274 | (1,986,992 | ) | — | |||||||||||||||
Note payable to Arch Coal | — | 675,000 | — | (675,000 | ) | — | |||||||||||||||
Asset retirement obligations | 1,150 | 409,971 | — | — | 411,121 | ||||||||||||||||
Accrued pension benefits | 36,304 | 32,235 | — | — | 68,539 | ||||||||||||||||
Accrued postretirement benefits other than pension | 14,267 | 30,012 | — | — | 44,279 | ||||||||||||||||
Accrued workers’ compensation | 25,601 | 56,413 | — | — | 82,014 | ||||||||||||||||
Deferred income taxes | 484,130 | — | — | — | 484,130 | ||||||||||||||||
Other noncurrent liabilities | 59,179 | 146,055 | 323 | — | 205,557 | ||||||||||||||||
Total liabilities | 7,634,197 | 1,805,287 | 176,988 | (2,666,671 | ) | 6,949,801 | |||||||||||||||
Stockholders’ equity | 2,581,688 | 7,967,210 | 25,391 | (7,992,635 | ) | 2,581,654 | |||||||||||||||
Total liabilities and stockholders’ equity | $ | 10,215,885 | $ | 9,772,497 | $ | 202,379 | $ | (10,659,306 | ) | $ | 9,531,455 | ||||||||||
Condensed Consolidating Balance Sheets | |||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Parent/Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||
Subsidiaries | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Assets | |||||||||||||||||||||
Cash and cash equivalents | $ | 671,313 | $ | 100,468 | $ | 12,841 | $ | — | $ | 784,622 | |||||||||||
Restricted cash | 3,453 | — | — | — | 3,453 | ||||||||||||||||
Short term investments | 234,305 | — | — | — | 234,305 | ||||||||||||||||
Receivables | 49,281 | 40,452 | 247,171 | (4,824 | ) | 332,080 | |||||||||||||||
Inventories | — | 365,424 | — | — | 365,424 | ||||||||||||||||
Other | 106,786 | 86,877 | 557 | — | 194,220 | ||||||||||||||||
Total current assets | 1,065,138 | 593,221 | 260,569 | (4,824 | ) | 1,914,104 | |||||||||||||||
Property, plant and equipment, net | 27,476 | 7,309,550 | 72 | — | 7,337,098 | ||||||||||||||||
Investment in subsidiaries | 8,254,508 | — | — | (8,254,508 | ) | — | |||||||||||||||
Intercompany receivables | — | 1,600,311 | — | (1,600,311 | ) | — | |||||||||||||||
Note receivable from Arch Western | 675,000 | — | — | (675,000 | ) | — | |||||||||||||||
Other | 187,171 | 568,314 | 90 | — | 755,575 | ||||||||||||||||
Total other assets | 9,116,679 | 2,168,625 | 90 | (10,529,819 | ) | 755,575 | |||||||||||||||
Total assets | $ | 10,209,293 | $ | 10,071,396 | $ | 260,731 | $ | (10,534,643 | ) | $ | 10,006,777 | ||||||||||
Liabilities and Stockholders’ Equity | |||||||||||||||||||||
Accounts payable | $ | 19,859 | $ | 204,370 | $ | 189 | $ | — | $ | 224,418 | |||||||||||
Accrued expenses and other current liabilities | 65,293 | 259,162 | 124 | (4,824 | ) | 319,755 | |||||||||||||||
Current maturities of debt | 32,054 | 842 | — | — | 32,896 | ||||||||||||||||
Total current liabilities | 117,206 | 464,374 | 313 | (4,824 | ) | 577,069 | |||||||||||||||
Long-term debt | 5,061,925 | 23,954 | — | — | 5,085,879 | ||||||||||||||||
Intercompany payables | 1,367,739 | — | 232,572 | (1,600,311 | ) | — | |||||||||||||||
Note payable to Arch Coal | — | 675,000 | — | (675,000 | ) | — | |||||||||||||||
Asset retirement obligations | 1,646 | 408,059 | — | — | 409,705 | ||||||||||||||||
Accrued pension benefits | 33,456 | 34,174 | — | — | 67,630 | ||||||||||||||||
Accrued postretirement benefits other than pension | 13,953 | 31,133 | — | — | 45,086 | ||||||||||||||||
Accrued workers’ compensation | 25,323 | 56,306 | — | — | 81,629 | ||||||||||||||||
Deferred income taxes | 664,182 | — | — | — | 664,182 | ||||||||||||||||
Other noncurrent liabilities | 69,296 | 151,360 | 374 | — | 221,030 | ||||||||||||||||
Total liabilities | 7,354,726 | 1,844,360 | 233,259 | (2,280,135 | ) | 7,152,210 | |||||||||||||||
Stockholders’ equity | 2,854,567 | 8,227,036 | 27,472 | (8,254,508 | ) | 2,854,567 | |||||||||||||||
Total liabilities and stockholders’ equity | $ | 10,209,293 | $ | 10,071,396 | $ | 260,731 | $ | (10,534,643 | ) | $ | 10,006,777 | ||||||||||
Schedule of Condensed Consolidating Statements of Cash Flows [Table Text Block] | ' | ||||||||||||||||||||
Condensed Consolidating Statements of Cash Flows | |||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||
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 | ||||||||||
Investing Activities | |||||||||||||||||||||
Capital expenditures | (2,488 | ) | (220,680 | ) | — | — | (223,168 | ) | |||||||||||||
Minimum royalty payments | — | (10,901 | ) | — | — | (10,901 | ) | ||||||||||||||
Proceeds from dispositions of property, plant and equipment | — | 8,799 | — | — | 8,799 | ||||||||||||||||
Proceeds from sales-leaseback transactions | — | 34,919 | — | — | 34,919 | ||||||||||||||||
Proceeds from sale of Canyon Fuel | — | 422,663 | — | — | 422,663 | ||||||||||||||||
Purchases of short term investments | (85,418 | ) | — | — | — | (85,418 | ) | ||||||||||||||
Proceeds from sales of short term investments | 67,255 | — | — | — | 67,255 | ||||||||||||||||
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 | |||||||||||||||
Financing Activities | |||||||||||||||||||||
Contributions from parent | — | 384 | — | (384 | ) | — | |||||||||||||||
Payments on term loan | (12,375 | ) | — | — | — | (12,375 | ) | ||||||||||||||
Payments to retire debt | — | (384 | ) | — | — | (384 | ) | ||||||||||||||
Net payments on other debt | (12,700 | ) | — | — | — | (12,700 | ) | ||||||||||||||
Dividends paid | (19,105 | ) | — | — | — | (19,105 | ) | ||||||||||||||
Transactions with affiliates, net | 437,532 | (381,234 | ) | (56,298 | ) | — | — | ||||||||||||||
Cash provided by (used in) financing activities | 393,352 | (381,234 | ) | (56,298 | ) | (384 | ) | (44,564 | ) | ||||||||||||
Increase (decrease) in cash and cash equivalents | 349,932 | (58 | ) | (1,368 | ) | — | 348,506 | ||||||||||||||
Cash and cash equivalents, beginning of period | 671,313 | 100,468 | 12,841 | — | 784,622 | ||||||||||||||||
Cash and cash equivalents, end of period | $ | 1,021,245 | $ | 100,410 | $ | 11,473 | $ | — | $ | 1,133,128 | |||||||||||
Condensed Consolidating Statements of Cash Flows | |||||||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||
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 | ||||||||||
Investing Activities | |||||||||||||||||||||
Capital expenditures | (4,150 | ) | (299,818 | ) | — | — | (303,968 | ) | |||||||||||||
Minimum royalty payments | — | (9,192 | ) | — | — | (9,192 | ) | ||||||||||||||
Proceeds from dispositions of property, plant and equipment | — | 1,127 | 21,497 | — | 22,624 | ||||||||||||||||
Purchases of short term investments | (99,628 | ) | — | — | — | (99,628 | ) | ||||||||||||||
Investments in and advances to affiliates | (5,138 | ) | (9,082 | ) | — | 1,535 | (12,685 | ) | |||||||||||||
Purchase of noncontrolling interest | — | (17,500 | ) | — | — | (17,500 | ) | ||||||||||||||
Change in restricted cash | 6,872 | — | — | — | 6,872 | ||||||||||||||||
Cash provided by (used in) investing activities | (102,044 | ) | (334,465 | ) | 21,497 | 1,535 | (413,477 | ) | |||||||||||||
Financing Activities | |||||||||||||||||||||
Contributions from parent | — | 1,535 | — | (1,535 | ) | — | |||||||||||||||
Proceeds from issuance of term loan | 1,386,000 | — | — | — | 1,386,000 | ||||||||||||||||
Payments on term loan | (3,500 | ) | — | — | — | (3,500 | ) | ||||||||||||||
Payments to retire debt | — | (452,806 | ) | — | — | (452,806 | ) | ||||||||||||||
Net decrease in borrowings under lines of credit | (375,000 | ) | — | (6,300 | ) | — | (381,300 | ) | |||||||||||||
Net payments from other debt | (13,078 | ) | — | — | — | (13,078 | ) | ||||||||||||||
Debt financing costs | (34,640 | ) | — | (46 | ) | — | (34,686 | ) | |||||||||||||
Dividends paid | (36,072 | ) | — | — | — | (36,072 | ) | ||||||||||||||
Proceeds from exercise of options under incentive plans | 5,131 | — | — | — | 5,131 | ||||||||||||||||
Transactions with affiliates, net | 30,338 | 66,364 | (96,702 | ) | — | — | |||||||||||||||
Cash provided by (used in) financing activities | 959,179 | (384,907 | ) | (103,048 | ) | (1,535 | ) | 469,689 | |||||||||||||
Increase in cash and cash equivalents | 247,006 | 155,173 | 10,428 | — | 412,607 | ||||||||||||||||
Cash and cash equivalents, beginning of period | 66,542 | 70,258 | 1,349 | — | 138,149 | ||||||||||||||||
Cash and cash equivalents, end of period | $ | 313,548 | $ | 225,431 | $ | 11,777 | $ | — | $ | 550,756 | |||||||||||
Basis_of_Presentation_Narrativ
Basis of Presentation (Narrative) (Details) | 9 Months Ended |
Sep. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
number of mining complexes temporarily idled | 1 |
Discontinued Operations [Member] | ' |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' |
Number of mining complexes operated | 3 |
Long-Lived Assets to be Abandoned, Asset Name [Domain] | ' |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' |
Number of mining complexes operated | 4 |
Discontinued_Operations_Narrat
Discontinued Operations (Narrative) (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Discontinued Operations and Disposal Groups [Abstract] | ' | ' |
Proceeds from sale of Canyon Fuel | $422,663 | ' |
Discontinued_Operations_Schedu
Discontinued Operations (Schedule of Results of Discontinued Operations) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Discontinued Operations and Disposal Groups [Abstract] | ' | ' | ' | ' |
Total Revenues | $45,763 | $112,448 | $219,002 | $289,715 |
Income from discontinued operations before income taxes | 3,429 | 16,718 | 32,166 | 50,911 |
Gain on sale | 115,679 | ' | 115,679 | ' |
Income tax expense (benefit) | 39,704 | -4,360 | 46,029 | 7,293 |
Income from discontinued operations, including gain on sale - net of tax | $79,404 | $21,078 | $101,816 | $43,618 |
Basic earnings per common share from discontinued operations | $0.37 | $0.10 | $0.48 | $0.21 |
Diluted earnings per common share from discontinued operations | $0.37 | $0.10 | $0.48 | $0.21 |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income (Loss) (Schedule of Accumulated Other Comprehensive Income (Loss)) (Details) (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 |
Accumulated Other Comprenhensive Income (Loss) [Roll Forward] | ' |
Balance at December 31, 2012 | ($16,507) |
Unrealized gains | 7,788 |
Amounts reclassified from accumulated other comprehensive income | 113 |
Balance at September 30, 2013 | -8,606 |
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | ' |
Accumulated Other Comprenhensive Income (Loss) [Roll Forward] | ' |
Balance at December 31, 2012 | 2,244 |
Unrealized gains | 1,197 |
Amounts reclassified from accumulated other comprehensive income | -1,339 |
Balance at September 30, 2013 | 2,102 |
Accumulated Defined Benefit Plans Adjustment [Member] | ' |
Accumulated Other Comprenhensive Income (Loss) [Roll Forward] | ' |
Balance at December 31, 2012 | -18,286 |
Unrealized gains | 1,938 |
Amounts reclassified from accumulated other comprehensive income | 1,252 |
Balance at September 30, 2013 | -15,096 |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ' |
Accumulated Other Comprenhensive Income (Loss) [Roll Forward] | ' |
Balance at December 31, 2012 | -465 |
Unrealized gains | 4,653 |
Amounts reclassified from accumulated other comprehensive income | 200 |
Balance at September 30, 2013 | $4,388 |
Accumulated_Other_Comprehensiv3
Accumulated Other Comprehensive Income (Loss) (Schedule of Reclassifications) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Revenues | $791,269 | $975,170 | $2,294,971 | $2,901,092 |
Loss from continuing operations before income taxes | -329,680 | 44,991 | -603,168 | -694,538 |
Provision for (benefit from) income taxes | 121,913 | -20,318 | 230,734 | 262,656 |
Net income (loss) | -128,363 | 45,751 | -270,618 | -388,264 |
reclassification out of accumulated other comprehensive income [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Amortization of prior service credits | 5,573 | ' | 11,154 | ' |
Amortization of actuarial gains (losses), net | -3,823 | ' | -13,108 | ' |
Loss from continuing operations before income taxes | 1,750 | ' | -1,954 | ' |
Provision for (benefit from) income taxes | -631 | ' | 702 | ' |
Net income (loss) | 1,119 | ' | -1,252 | ' |
reclassification out of accumulated other comprehensive income [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Interest and investment income | -4 | ' | -313 | ' |
Provision for (benefit from) income taxes | 2 | ' | 113 | ' |
Net income (loss) | -2 | ' | -200 | ' |
Commodity Contract [Member] | reclassification out of accumulated other comprehensive income [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Revenues | 692 | ' | 2,093 | ' |
Provision for (benefit from) income taxes | -249 | ' | -754 | ' |
Net income (loss) | $443 | ' | $1,339 | ' |
Impairment_Charges_Impairment_
Impairment Charges Impairment Charges (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Impaired Long-Lived Assets Held and Used [Line Items] | ' | ' | ' | ' |
Asset impairment and mine closure costs | $200,397,000 | ($2,144,000) | $220,879,000 | $523,439,000 |
Impaired Long-Lived Assets Held and Used, Asset Name [Domain] | ' | ' | ' | ' |
Impaired Long-Lived Assets Held and Used [Line Items] | ' | ' | ' | ' |
Asset impairment and mine closure costs | ' | ' | 142,800,000 | ' |
Assets, Fair Value Disclosure, Nonrecurring | $71,300,000 | ' | $71,300,000 | ' |
Inventories_Inventories_Detail
Inventories (Inventories) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Inventory Disclosure [Abstract] | ' | ' |
Coal | $134,481,000 | $180,917,000 |
Repair parts and supplies | 143,763,000 | 172,139,000 |
Work-in-process | 9,165,000 | 12,368,000 |
Inventories | 287,409,000 | 365,424,000 |
Allowance for slow-moving and obsolete inventories | $8,800,000 | $13,600,000 |
Investments_in_AvailableforSal2
Investments in Available-for-Sale Securities (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Cost Basis | $254,559 | $240,382 |
Gross Unrealized Gains | 10,312 | 2,706 |
Gross Unrealized Losses | -3,457 | -3,436 |
Fair Value | 261,414 | 239,652 |
Total Investments | 248,724 | 234,305 |
US Government Agencies Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Cost Basis | 123,809 | 146,993 |
Available-for-sale Debt Securities Gross Unrealized Gain | 7 | 2 |
Available-for-sale Debt Securities, Gross Unrealized Loss | -126 | -412 |
Fair Value | 123,690 | 146,583 |
Corporate Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Cost Basis | 125,479 | 88,118 |
Available-for-sale Debt Securities Gross Unrealized Gain | 21 | ' |
Available-for-sale Debt Securities, Gross Unrealized Loss | -466 | -396 |
Fair Value | 125,034 | 87,722 |
Equity Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Cost Basis | 5,271 | 5,271 |
Available-for-sale Equity Securities, Gross Unrealized Gain | 10,284 | 2,704 |
Available-for-sale Equity Securities, Gross Unrealized Loss | -2,865 | -2,628 |
Fair Value | 12,690 | 5,347 |
Short-term Investments [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
U.S. government and agency securities | 123,690 | 146,583 |
Corporate notes and bonds | 125,034 | 87,722 |
Total Investments | 248,724 | 234,305 |
Other Assets [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Equity securities | $12,690 | $5,347 |
Investments_in_AvailableforSal3
Investments in Available-for-Sale Securities (Narrative) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Available-for-sale Securities [Abstract] | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $167.50 | $223.30 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Greater than Twelve Months, Fair Value | $51.60 | $0.40 |
Equity_Investments_And_Members2
Equity Investments And Membership Interests In Joint Ventures (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |
Tenaska [Member] | DKRW [Member] | Equity Method Investee [Member] | |||||
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Equity method investment impairment | $200,397,000 | ($2,144,000) | $220,879,000 | $523,439,000 | $20,500,000 | $57,700,000 | ' |
Impairment of equity investment | ' | ' | -28,947,000 | ' | -15,264,000 | -13,683,000 | ' |
Note Receivable from Equity Method Investee, Write-downs | ' | ' | ' | ' | 5,200,000 | 44,000,000 | ' |
Equity Method Investment, Ownership Percentage | ' | ' | ' | ' | 35.00% | 24.00% | ' |
Future development costs, maximum limit | ' | ' | ' | ' | ' | ' | $58,500,000 |
Equity_Investments_And_Members3
Equity Investments And Membership Interests In Joint Ventures (Schedule Of Equity Method Investments) (Details) (USD $) | 3 Months Ended | 9 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2013 | Sep. 30, 2013 |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ' | ' |
Balance at December 31, 2012 | ' | $242,215 |
Advances to (distributions from) affiliates, net | ' | 4,845 |
Equity in comprehensive income (loss) | ' | -5,441 |
Impairment of equity investment | ' | -28,947 |
Balance at September 30, 2013 | ' | 223,554 |
Knight Hawk [Member] | ' | ' |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ' | ' |
Balance at December 31, 2012 | ' | 149,063 |
Advances to (distributions from) affiliates, net | ' | -5,342 |
Equity in comprehensive income (loss) | ' | -13,362 |
Impairment of equity investment | ' | ' |
Balance at September 30, 2013 | ' | 157,083 |
DKRW [Member] | ' | ' |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ' | ' |
Balance at December 31, 2012 | ' | 15,515 |
Advances to (distributions from) affiliates, net | ' | ' |
Equity in comprehensive income (loss) | ' | 1,832 |
Impairment of equity investment | ' | -13,683 |
Balance at September 30, 2013 | ' | ' |
DTA [Member] | ' | ' |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ' | ' |
Balance at December 31, 2012 | ' | 15,462 |
Advances to (distributions from) affiliates, net | ' | 2,537 |
Equity in comprehensive income (loss) | ' | 3,855 |
Impairment of equity investment | ' | ' |
Balance at September 30, 2013 | ' | 14,144 |
Tenaska [Member] | ' | ' |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ' | ' |
Balance at December 31, 2012 | ' | 15,264 |
Advances to (distributions from) affiliates, net | ' | ' |
Equity in comprehensive income (loss) | ' | ' |
Impairment of equity investment | -15,264 | ' |
Balance at September 30, 2013 | ' | ' |
Millennium [Member] | ' | ' |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ' | ' |
Balance at December 31, 2012 | ' | 32,214 |
Advances to (distributions from) affiliates, net | ' | 4,954 |
Equity in comprehensive income (loss) | ' | 1,953 |
Impairment of equity investment | ' | ' |
Balance at September 30, 2013 | ' | 35,215 |
Tongue River [Member] | ' | ' |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ' | ' |
Balance at December 31, 2012 | ' | 14,697 |
Advances to (distributions from) affiliates, net | ' | 2,696 |
Equity in comprehensive income (loss) | ' | 281 |
Impairment of equity investment | ' | ' |
Balance at September 30, 2013 | ' | $17,112 |
Derivatives_Narrative_Details
Derivatives (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Current asset (liability) for the right to reclaim cash collateral | ($4,900,000) | ' | ($4,900,000) | ' | $16,200,000 |
Net unrealized and realized gains (losses) related to trading portfolio | 900,000 | 5,500,000 | 3,000,000 | 6,200,000 | ' |
Gain on derivative contracts designated as hedge instruments in cash flow hedges to be reclassified from OCI into earnings during the next twelve months | 2,900,000 | ' | 2,900,000 | ' | ' |
Net derivative assets as classified in the balance sheet | 27,061,000 | ' | 27,061,000 | ' | 32,315,000 |
Year One [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Value of trading portfolio realized | ' | ' | 400,000 | ' | ' |
Year Two [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Value of trading portfolio realized | ' | ' | $7,000,000 | ' | ' |
Diesel Purchases [Member] | Year One [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Percent of expected requirements covered | 94.00% | ' | 94.00% | ' | ' |
Diesel Purchases [Member] | Year Two [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Percent of expected requirements covered | 82.00% | ' | 82.00% | ' | ' |
Diesel Purchases [Member] | Heating Oil [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Quantities under derivative contracts | 65,000,000 | ' | 65,000,000 | ' | ' |
Diesel Purchases [Member] | Minimum Annual Purchase [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Gallons of diesel fuel purchased annually | ' | ' | 57,000,000 | ' | ' |
Diesel Purchases [Member] | Maximum [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Gallons of diesel fuel purchased annually | ' | ' | 67,000,000 | ' | ' |
Diesel Usage Fuel Surcharges [Member] | Heating Oil [Member] | Year One [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Quantities under derivative contracts | 2,800,000 | ' | 2,800,000 | ' | ' |
Diesel Usage Fuel Surcharges [Member] | Heating Oil [Member] | Year Two [Member] | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' |
Quantities under derivative contracts | 4,000,000 | ' | 4,000,000 | ' | ' |
Derivatives_Schedule_of_Price_
Derivatives (Schedule of Price Risk Derivatives) (Details) | Sep. 30, 2013 |
Coal Sales [Member] | ' |
Derivative [Line Items] | ' |
Derivatives Held | 7,552,000 |
Coal Purchases [Member] | ' |
Derivative [Line Items] | ' |
Derivatives Held | 1,869,000 |
Year One [Member] | Coal Sales [Member] | ' |
Derivative [Line Items] | ' |
Derivatives Held | 2,314,000 |
Year One [Member] | Coal Purchases [Member] | ' |
Derivative [Line Items] | ' |
Derivatives Held | 609,000 |
Year Two [Member] | Coal Sales [Member] | ' |
Derivative [Line Items] | ' |
Derivatives Held | 4,458,000 |
Year Two [Member] | Coal Purchases [Member] | ' |
Derivative [Line Items] | ' |
Derivatives Held | 1,260,000 |
Year Three [Member] | Coal Sales [Member] | ' |
Derivative [Line Items] | ' |
Derivatives Held | 780,000 |
Year Three [Member] | Coal Purchases [Member] | ' |
Derivative [Line Items] | ' |
Derivatives Held | ' |
Derivatives_Disclosure_Of_Fair
Derivatives (Disclosure Of Fair Value Of Derivatives) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Derivative [Line Items] | ' | ' |
Derivative Assets | $82,930 | $54,863 |
Derivative Liabilities | -56,290 | -24,285 |
Effect of counterparty netting in derivative assets | -55,869 | -22,548 |
Effect of counterparty netting in derivative liabilities | 55,869 | 22,548 |
Net derivative assets as classified in the balance sheet | 27,061 | 32,315 |
Net derivative liabilities as classified in the balance sheet | -421 | -1,737 |
Net derivatives as classified in the balance sheet | 26,640 | 30,578 |
Designated as Hedging Instrument [Member] | Coal [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative Assets | 3,009 | 3,277 |
Derivative Liabilities | -4 | -10 |
Not Designated as Hedging Instrument [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative Assets | 79,921 | 51,586 |
Derivative Liabilities | -56,286 | -24,275 |
Not Designated as Hedging Instrument [Member] | Coal [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative Assets | 15,907 | 24,843 |
Derivative Liabilities | -3,903 | -7,342 |
Not Designated as Hedging Instrument [Member] | Coal Held for Trading Purposes [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative Assets | 59,789 | 17,403 |
Derivative Liabilities | -52,383 | -16,933 |
Not Designated as Hedging Instrument [Member] | Heating Oil-Diesel Purchases [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative Assets | 3,825 | 7,379 |
Derivative Liabilities | ' | ' |
Not Designated as Hedging Instrument [Member] | Heating Oil-Fuel Surchages [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative Assets | 400 | 1,961 |
Derivative Liabilities | ' | ' |
Derivatives_Net_Derivatives_As
Derivatives (Net Derivatives As Reflected On The Balance Sheets) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Derivatives, Fair Value [Line Items] | ' | ' |
Net derivatives as classified in the balance sheet | $26,640 | $30,578 |
Other Current Assets [Member] | Heating Oil [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Net derivatives as classified in the balance sheet | 4,225 | 9,340 |
Coal Derivative Assets [Member] | Coal [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Net derivatives as classified in the balance sheet | 22,836 | 22,975 |
Coal Derivative Liabilities [Member] | Coal [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Net derivatives as classified in the balance sheet | ($421) | ($1,737) |
Derivatives_Effects_Of_Derivat
Derivatives (Effects Of Derivatives On Measures Of Financial Performance) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ||
Gain (Loss) Recognized in OCI (Effective Portion) | $2,190 | $81 | $1,797 | [1] | $3,861 | [1] |
Gains (Losses) Reclassified from OCI into Income (Effective Portion) | 788 | 542 | 2,189 | [1] | 1,552 | [1] |
Coal Purchases [Member] | ' | ' | ' | ' | ||
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ||
Gain (Loss) Recognized in OCI (Effective Portion) | -942 | -178 | -511 | [1] | -1,122 | [1] |
Gains (Losses) Reclassified from OCI into Income (Effective Portion) | -123 | ' | -633 | [1] | ' | [1] |
Coal Sales [Member] | ' | ' | ' | ' | ||
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ||
Gain (Loss) Recognized in OCI (Effective Portion) | 3,132 | 259 | 2,308 | [2] | 4,983 | [2] |
Gains (Losses) Reclassified from OCI into Income (Effective Portion) | 911 | 542 | 2,822 | [2] | 1,552 | [2] |
Coal [Member] | ' | ' | ' | ' | ||
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ||
Unrealized Gain (Loss) on Derivatives | -10,668 | -11,328 | -5,089 | [3] | 23,670 | [3] |
Coal derivative settlements, non-hedging | 9,929 | 14,072 | 25,725 | [4] | 25,901 | [4] |
Heating Oil-Diesel Purchases [Member] | ' | ' | ' | ' | ||
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ||
Realized Gains (Losses) | -288 | 5,184 | -9,760 | [4] | -16,902 | [4] |
Heating Oil-Fuel Surchages [Member] | ' | ' | ' | ' | ||
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ||
Realized Gains (Losses) | ($222) | $1,092 | ($817) | [4] | ($1,140) | [4] |
[1] | Cost of sales | |||||
[2] | Revenues | |||||
[3] | Change in fair value of coal derivatives and coal trading activities, net | |||||
[4] | Other operating income, net |
Debt_Debt_Details
Debt (Debt) (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Dec. 31, 2012 | |
Debt Instrument [Line Items] | ' | ' |
Other | $25,912,000 | $40,350,000 |
Total | 5,097,434,000 | 5,118,775,000 |
Current maturities of debt | 23,050,000 | 32,896,000 |
Long-term debt | 5,074,384,000 | 5,085,879,000 |
Available borrowing capacity under lines of credit | 204,000,000 | ' |
Loans Payable [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Term loan ($1.63 billion face value) due 2018 | 1,617,097,000 | 1,627,384,000 |
Debt Instrument, Basis Spread on Variable Rate | 4.50% | ' |
Debt Instrument, Face Amount | 1,630,000,000 | ' |
8.75% Senior Notes Due 2016 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Senior notes | 592,646,000 | 590,999,000 |
Senior notes interest rate | 8.75% | ' |
Debt Instrument, Face Amount | 600,000,000 | ' |
7.00% Senior Notes Due 2019 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Senior notes | 1,000,000,000 | 1,000,000,000 |
Senior notes interest rate | 7.00% | ' |
9.875% Senior Notes Due 2019 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Senior notes | 361,779,000 | 360,042,000 |
Senior notes interest rate | 9.88% | ' |
Debt Instrument, Face Amount | 375,000,000 | ' |
7.25% Senior Notes Due 2020 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Senior notes | 500,000,000 | 500,000,000 |
Senior notes interest rate | 7.25% | ' |
7.25% Senior Notes Due 2021 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Senior notes | $1,000,000,000 | $1,000,000,000 |
Senior notes interest rate | 7.25% | ' |
Fair_Value_Measurements_Narrat
Fair Value Measurements (Narrative) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 |
Level 3 [Member] | Level 3 [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' |
Net unrealized losses related to level 3 financial instruments | ' | ' | $200,000 | $4,800,000 |
Fair value of senior notes and other long-term debt, including amounts classified as current | $4,500,000,000 | $5,000,000,000 | ' | ' |
Fair_Value_Measurements_Summar
Fair Value Measurements (Summary Of Change In The Fair Values Of Financial Instruments Categorized As Level 3) (Details) (USD $) | 3 Months Ended | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' |
Balance, beginning of period | $3,438 | $8,174 |
Realized and unrealized losses recognized in earnings, net | -570 | -9,882 |
Purchases | 1,464 | 7,317 |
Issuances | ' | -25 |
Settlements | -238 | -1,490 |
Ending balance | $4,094 | $4,094 |
Fair_Value_Measurements_Summar1
Fair Value Measurements (Summary Of Financial Assets And Liabilities Accounted For At Fair Value) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Assets: | ' | ' |
Investments in marketable securities | $261,414 | $239,652 |
Derivatives | 27,061 | 32,315 |
Total assets | 288,475 | ' |
Liabilities: | ' | ' |
Coal derivative liabilities | 421 | 1,737 |
Level 1 [Member] | ' | ' |
Assets: | ' | ' |
Investments in marketable securities | 101,338 | ' |
Derivatives | 22,750 | ' |
Total assets | 124,088 | ' |
Liabilities: | ' | ' |
Coal derivative liabilities | ' | ' |
Level 2 [Member] | ' | ' |
Assets: | ' | ' |
Investments in marketable securities | 160,076 | ' |
Derivatives | ' | ' |
Total assets | 160,076 | ' |
Liabilities: | ' | ' |
Coal derivative liabilities | 204 | ' |
Level 3 [Member] | ' | ' |
Assets: | ' | ' |
Investments in marketable securities | ' | ' |
Derivatives | 4,311 | ' |
Total assets | 4,311 | ' |
Liabilities: | ' | ' |
Coal derivative liabilities | $217 | ' |
Accrued_Expenses_and_Other_Cur2
Accrued Expenses and Other Current Liabilities (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accrued Expenses and Other Current Liabilities [Abstract] | ' | ' |
Payroll and employee benefits | $68,245 | $72,405 |
Taxes other than income taxes | 113,872 | 121,029 |
Interest | 80,454 | 42,413 |
Acquired sales contracts | 14,461 | 14,038 |
Workers’ compensation | 12,215 | 10,371 |
Asset retirement obligations | 38,895 | 38,920 |
Other | 20,891 | 18,842 |
Accrued Liabilities, Current | $349,033 | $318,018 |
StockBased_Compensation_And_Ot1
Stock-Based Compensation And Other Incentive Plans (Narrative) (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Dec. 31, 2012 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Granted, Common Shares | 2,000,000 | ' |
Weighted average exercise price of options granted | $5.23 | ' |
Options granted, weighted average grant date fair value | $2.37 | ' |
Option, weighted average risk free rate | 0.65% | ' |
Option, weighted average dividend yield | 2.30% | ' |
Option, weighted average volatility | 66.74% | ' |
Amounts unpaid under long term incentive plan | $15,000,000 | $13,100,000 |
Stock Option [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Expected life of options | '4 years 6 months | ' |
Share based awards vesting period | '3 years | ' |
Restricted Stock [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Share based awards vesting period | '3 years | ' |
Stock Issued During Period, Shares, Restricted Stock Award, Gross | 969,100 | ' |
Stock Issued During Period, Value, Restricted Stock Award, Gross | $5.20 | ' |
Workers_Compensation_Workers_C
Workers' Compensation (Worker's Compensation Expense) (Details) (Workers' Compensation [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Workers' Compensation [Member] | ' | ' | ' | ' |
Accrued Workers' Compensation [Line Items] | ' | ' | ' | ' |
Service cost | $363 | $419 | $1,373 | $1,458 |
Interest cost | 709 | 629 | 2,022 | 1,708 |
Net amortization | 262 | ' | 731 | -574 |
Curtailments | 816 | ' | 816 | 1,933 |
Total net benefit | 2,150 | 1,048 | 4,942 | 4,525 |
Traumatic injury claims and assessments | 4,114 | 7,453 | 16,263 | 19,052 |
Total workers’ compensation expense | $6,264 | $8,501 | $21,205 | $23,577 |
Employee_Benefit_Plans_Pension
Employee Benefit Plans (Pension And Other Postretirement Benefit Costs) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service cost | $6,672 | $6,156 | $21,162 | $21,062 |
Interest cost | 3,994 | 3,683 | 11,796 | 11,755 |
Curtailments | 47 | ' | 47 | 324 |
Expected return on plan assets | -5,848 | -5,508 | -17,690 | -16,523 |
Amortization of prior service cost (credit) | -51 | 273 | -152 | 200 |
Amortization of other actuarial (gains) losses | 3,617 | 3,248 | 12,430 | 11,019 |
Total net benefit | 8,431 | 7,852 | 27,593 | 27,837 |
Other Postretirement Benefit Plans, Defined Benefit [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service cost | 497 | 541 | 1,591 | 1,629 |
Interest cost | 427 | 508 | 1,273 | 1,519 |
Curtailments | -5,444 | -2,212 | -5,444 | -4,049 |
Amortization of prior service cost (credit) | -2,641 | -2,837 | -8,121 | -8,708 |
Amortization of other actuarial (gains) losses | -55 | -130 | -53 | -391 |
Total net benefit | ($7,216) | ($4,130) | ($10,754) | ($10,000) |
Earnings_Per_Common_Share_Narr
Earnings Per Common Share (Narrative) (Details) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Effect of options to purchase common stock | 7 | 5.8 | 7.9 | 5 |
Settlement_with_Patriot_Coal_D
Settlement with Patriot Coal (Details) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 |
Subsequent Event [Line Items] | ' |
Payments for Legal Settlements | $15.60 |
Purchase commitment, remaining minimum amount committed | 16 |
Letters of credit posted in the Companys favor | 16.7 |
Subsequent Event [Member] | ' |
Subsequent Event [Line Items] | ' |
Payments for Legal Settlements | $5 |
Commitments_and_Contingencies_
Commitments and Contingencies (Narrative) (Details) (USD $) | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | Aug. 25, 2011 | Aug. 13, 2007 |
Purchase replacement coal | ' | ' | ' | $100 |
Damages and interest awarded | ' | ' | 104.1 | ' |
Payments for Legal Settlements | 15.6 | ' | ' | ' |
Amount accrued | 21.2 | 32.8 | ' | ' |
Amount accrued current portion | 7.7 | 4.4 | ' | ' |
Maximum [Member] | ' | ' | ' | ' |
Aggregate amount of past and future damages | 377 | ' | ' | ' |
Minimum [Member] | ' | ' | ' | ' |
Aggregate amount of past and future damages | 228 | ' | ' | ' |
past damages [Member] | ' | ' | ' | ' |
Damages and interest awarded | ' | ' | 13.8 | ' |
future damages [Member] | ' | ' | ' | ' |
Damages and interest awarded | ' | ' | $90.30 | ' |
Segment_Information_Narrative_
Segment Information (Narrative) (Details) | 9 Months Ended |
Sep. 30, 2013 | |
Segment Reporting [Abstract] | ' |
Segment Reporting, Factors Used to Identify Entity's Reportable Segments | 3 |
Segment_Information_Schedule_O
Segment Information (Schedule Of Operating Segment Results) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Revenues | $791,269 | $975,170 | $2,294,971 | $2,901,092 | ' |
Income (loss) from operations | -234,753 | 119,242 | -322,463 | -449,854 | ' |
Depreciation, depletion and amortization | 106,323 | 118,942 | 327,601 | 374,631 | ' |
Amortization of acquired sales contracts, net | -2,568 | -4,093 | -7,587 | -22,561 | ' |
Asset impairment and mine closure costs | 200,397 | -2,144 | 220,879 | 523,439 | ' |
Total assets | 9,531,455 | 9,935,854 | 9,531,455 | 9,935,854 | 10,006,777 |
Capital expenditures | 54,104 | 101,895 | 223,168 | 303,968 | ' |
PRB [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Revenues | 420,521 | 406,719 | 1,135,892 | 1,130,408 | ' |
Income (loss) from operations | 20,694 | 38,873 | 53,244 | 94,163 | ' |
Depreciation, depletion and amortization | 46,619 | 43,944 | 130,993 | 122,298 | ' |
Amortization of acquired sales contracts, net | -864 | -589 | -3,004 | -1,374 | ' |
Asset impairment and mine closure costs | ' | ' | ' | ' | ' |
Total assets | 1,897,218 | 2,234,941 | 1,897,218 | 2,234,941 | ' |
Capital expenditures | 1,695 | 5,620 | 5,671 | 15,399 | ' |
APP [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Revenues | 263,188 | 436,409 | 883,484 | 1,409,776 | ' |
Income (loss) from operations | -157,883 | 88,695 | -190,278 | -388,563 | ' |
Depreciation, depletion and amortization | 46,529 | 61,596 | 157,866 | 210,789 | ' |
Amortization of acquired sales contracts, net | -2,691 | -3,711 | -7,975 | -21,658 | ' |
Asset impairment and mine closure costs | 126,449 | -1,801 | 126,449 | 524,115 | ' |
Total assets | 4,141,072 | 4,130,273 | 4,141,072 | 4,130,273 | ' |
Capital expenditures | 44,624 | 77,772 | 137,390 | 222,177 | ' |
WBIT [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Revenues | 78,022 | 105,515 | 187,374 | 272,359 | ' |
Income (loss) from operations | 9,287 | 24,110 | 23,766 | 34,937 | ' |
Depreciation, depletion and amortization | 9,436 | 9,985 | 26,528 | 29,894 | ' |
Amortization of acquired sales contracts, net | ' | ' | ' | ' | ' |
Asset impairment and mine closure costs | ' | ' | ' | ' | ' |
Total assets | 146,947 | 676,057 | 146,947 | 676,057 | ' |
Capital expenditures | 5,859 | 13,510 | 13,147 | 42,761 | ' |
Other Segments [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Revenues | 29,538 | 26,527 | 88,221 | 88,549 | ' |
Income (loss) from operations | -9,231 | -1,298 | -407 | -3,757 | ' |
Depreciation, depletion and amortization | 2,523 | 2,594 | 7,792 | 9,704 | ' |
Amortization of acquired sales contracts, net | 987 | 207 | 3,392 | 471 | ' |
Asset impairment and mine closure costs | 16,280 | -210 | 16,280 | -437 | ' |
Total assets | 137,941 | 169,981 | 137,941 | 169,981 | ' |
Capital expenditures | 1,263 | 3,640 | 4,776 | 8,153 | ' |
Corporate, Other and Eliminations [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' |
Income (loss) from operations | -97,620 | -31,138 | -208,788 | -186,634 | ' |
Depreciation, depletion and amortization | 1,216 | 823 | 4,422 | 1,946 | ' |
Amortization of acquired sales contracts, net | ' | ' | ' | ' | ' |
Asset impairment and mine closure costs | 57,668 | -133 | 78,150 | -239 | ' |
Total assets | 3,208,277 | 2,724,602 | 3,208,277 | 2,724,602 | ' |
Capital expenditures | $663 | $1,353 | $62,184 | $15,478 | ' |
Segment_Information_Reconcilia
Segment Information (Reconciliation Statement Of Segment Income from Operations To Consolidated Income Before Income Taxes) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Segment Reporting [Abstract] | ' | ' | ' | ' |
Income (loss) from operations | ($234,753) | $119,242 | ($322,463) | ($449,854) |
Interest expense | -95,624 | -75,710 | -285,454 | -229,210 |
Interest and investment income | 697 | 1,459 | 4,749 | 3,568 |
Other nonoperating expenses | ' | ' | ' | -19,042 |
Income (loss) from continuing operations before income taxes | ($329,680) | $44,991 | ($603,168) | ($694,538) |
Supplemental_Condensed_Consoli2
Supplemental Condensed Consolidating Financial Information (Schedule Of Condensed Consolidating Statements Of Operations) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Condensed Financial Statement Line Items | ' | ' | ' | ' |
Revenues | $791,269 | $975,170 | $2,294,971 | $2,901,092 |
Costs, expenses and other | ' | ' | ' | ' |
Cost of sales (exclusive of items shown separately below) | 688,712 | 808,489 | 1,994,653 | 2,414,306 |
Depreciation, depletion and amortization | 106,323 | 118,942 | 327,601 | 374,631 |
Amortization of acquired sales contracts, net | -2,568 | -4,093 | -7,587 | -22,561 |
Change in fair value of coal derivatives and coal trading activities, net | 9,753 | 5,840 | 2,053 | -29,827 |
Asset impairment and mine closure costs | 200,397 | -2,144 | 220,879 | 523,439 |
Legal contingencies | ' | -79,532 | ' | -79,532 |
Goodwill impairment | ' | ' | ' | 115,791 |
Selling, general and administrative expenses | 28,800 | 33,266 | 96,311 | 99,305 |
Other operating income, net | -5,395 | -24,840 | -16,476 | -44,606 |
Operating Expenses | 1,026,022 | 855,928 | 2,617,434 | 3,350,946 |
Loss from investment in subsidiaries | ' | ' | ' | ' |
Income (loss) from operations | -234,753 | 119,242 | -322,463 | -449,854 |
Interest expense, net | ' | ' | ' | ' |
Interest expense | -95,624 | -75,710 | -285,454 | -229,210 |
Interest and investment income | 697 | 1,459 | 4,749 | 3,568 |
Interest expense, net | -94,927 | -74,251 | -280,705 | -225,642 |
Other Nonoperating Income (Expense) [Abstract] | ' | ' | ' | ' |
Net loss resulting from early retirement and refinancing of debt | ' | ' | ' | -19,042 |
Income (loss) before income taxes | -329,680 | 44,991 | -603,168 | -694,538 |
Provision for (benefit from) income taxes | -121,913 | 20,318 | -230,734 | -262,656 |
Income (Loss) from Continuing Operations | -207,767 | 24,673 | -372,434 | -431,882 |
Income from discontinued operations, including gain on sale - net of tax | 79,404 | 21,078 | 101,816 | 43,618 |
Net income (loss) | -128,363 | 45,751 | -270,618 | -388,264 |
Less: Net income attributable to noncontrolling interest | ' | ' | ' | -268 |
Net income (loss) attributable to Arch Coal, Inc. | -128,363 | 45,751 | -270,618 | -388,532 |
Total comprehensive income (loss) | -125,996 | 44,299 | -262,717 | -385,523 |
Parent/Issuer [Member] | ' | ' | ' | ' |
Condensed Financial Statement Line Items | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' |
Costs, expenses and other | ' | ' | ' | ' |
Cost of sales (exclusive of items shown separately below) | 169 | 2,437 | 4,881 | 7,694 |
Depreciation, depletion and amortization | 1,549 | 1,399 | 4,430 | 3,959 |
Amortization of acquired sales contracts, net | ' | ' | ' | ' |
Change in fair value of coal derivatives and coal trading activities, net | ' | ' | ' | ' |
Asset impairment and mine closure costs | 57,668 | ' | 78,150 | ' |
Legal contingencies | ' | ' | ' | ' |
Goodwill impairment | ' | ' | ' | ' |
Selling, general and administrative expenses | 19,104 | 22,051 | 63,006 | 62,469 |
Other operating income, net | 2,345 | -11,052 | -4,663 | -7,693 |
Operating Expenses | 80,835 | 14,835 | 145,804 | 66,429 |
Loss from investment in subsidiaries | -61,537 | 164,152 | -42,199 | -324,429 |
Income (loss) from operations | -142,372 | 149,317 | -188,003 | -390,858 |
Interest expense, net | ' | ' | ' | ' |
Interest expense | -114,536 | -91,577 | -336,310 | -263,381 |
Interest and investment income | 6,606 | 8,329 | 22,917 | 19,087 |
Interest expense, net | -107,930 | -83,248 | -313,393 | -244,294 |
Other Nonoperating Income (Expense) [Abstract] | ' | ' | ' | ' |
Net loss resulting from early retirement and refinancing of debt | ' | ' | ' | -17,349 |
Income (loss) before income taxes | -250,302 | 66,069 | -501,396 | -652,501 |
Provision for (benefit from) income taxes | -121,939 | 20,318 | -230,778 | -264,237 |
Income (Loss) from Continuing Operations | -128,363 | 45,751 | -270,618 | -388,264 |
Income from discontinued operations, including gain on sale - net of tax | ' | ' | ' | ' |
Net income (loss) | ' | ' | ' | -388,264 |
Less: Net income attributable to noncontrolling interest | ' | ' | ' | -268 |
Net income (loss) attributable to Arch Coal, Inc. | -128,363 | 45,751 | -270,618 | -388,532 |
Total comprehensive income (loss) | -125,996 | 44,299 | -262,717 | -385,523 |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Condensed Financial Statement Line Items | ' | ' | ' | ' |
Revenues | 791,269 | 975,170 | 2,294,971 | 2,901,092 |
Costs, expenses and other | ' | ' | ' | ' |
Cost of sales (exclusive of items shown separately below) | 688,543 | 806,052 | 1,989,772 | 2,406,612 |
Depreciation, depletion and amortization | 104,765 | 117,534 | 323,144 | 370,648 |
Amortization of acquired sales contracts, net | -2,568 | -4,093 | -7,587 | -22,561 |
Change in fair value of coal derivatives and coal trading activities, net | 9,753 | 5,840 | 2,053 | -29,827 |
Asset impairment and mine closure costs | 142,729 | -2,144 | 142,729 | 523,439 |
Legal contingencies | ' | -79,532 | ' | -79,532 |
Goodwill impairment | ' | ' | ' | 115,791 |
Selling, general and administrative expenses | 8,214 | 9,432 | 28,978 | 30,965 |
Other operating income, net | -7,740 | -13,699 | -10,704 | -23,811 |
Operating Expenses | 943,696 | 839,390 | 2,468,385 | 3,291,724 |
Loss from investment in subsidiaries | ' | ' | ' | ' |
Income (loss) from operations | -152,427 | 135,780 | -173,414 | -390,632 |
Interest expense, net | ' | ' | ' | ' |
Interest expense | -6,222 | -6,870 | -18,502 | -27,285 |
Interest and investment income | 18,975 | 14,570 | 49,986 | 42,508 |
Interest expense, net | 12,753 | 7,700 | 31,484 | 15,223 |
Other Nonoperating Income (Expense) [Abstract] | ' | ' | ' | ' |
Net loss resulting from early retirement and refinancing of debt | ' | ' | ' | -1,693 |
Income (loss) before income taxes | -139,674 | 143,480 | -141,930 | -377,102 |
Provision for (benefit from) income taxes | ' | ' | ' | ' |
Income (Loss) from Continuing Operations | -139,674 | 143,480 | -141,930 | -377,102 |
Income from discontinued operations, including gain on sale - net of tax | 79,404 | 21,078 | 101,816 | 43,618 |
Net income (loss) | ' | ' | ' | -333,484 |
Less: Net income attributable to noncontrolling interest | ' | ' | ' | ' |
Net income (loss) attributable to Arch Coal, Inc. | -60,270 | 164,558 | -40,114 | -333,484 |
Total comprehensive income (loss) | -59,241 | 163,375 | -39,175 | -336,648 |
Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Condensed Financial Statement Line Items | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' |
Costs, expenses and other | ' | ' | ' | ' |
Cost of sales (exclusive of items shown separately below) | ' | ' | ' | ' |
Depreciation, depletion and amortization | 9 | 9 | 27 | 24 |
Amortization of acquired sales contracts, net | ' | ' | ' | ' |
Change in fair value of coal derivatives and coal trading activities, net | ' | ' | ' | ' |
Asset impairment and mine closure costs | ' | ' | ' | ' |
Legal contingencies | ' | ' | ' | ' |
Goodwill impairment | ' | ' | ' | ' |
Selling, general and administrative expenses | 1,482 | 1,783 | 4,327 | 5,871 |
Other operating income, net | ' | -89 | -1,109 | -13,102 |
Operating Expenses | 1,491 | 1,703 | 3,245 | -7,207 |
Loss from investment in subsidiaries | ' | ' | ' | ' |
Income (loss) from operations | -1,491 | -1,703 | -3,245 | 7,207 |
Interest expense, net | ' | ' | ' | ' |
Interest expense | -1,070 | -649 | -3,170 | -2,382 |
Interest and investment income | 1,320 | 1,946 | 4,374 | 5,811 |
Interest expense, net | 250 | 1,297 | 1,204 | 3,429 |
Other Nonoperating Income (Expense) [Abstract] | ' | ' | ' | ' |
Net loss resulting from early retirement and refinancing of debt | ' | ' | ' | ' |
Income (loss) before income taxes | -1,241 | -406 | -2,041 | 10,636 |
Provision for (benefit from) income taxes | 26 | ' | 44 | 1,581 |
Income (Loss) from Continuing Operations | -1,267 | -406 | -2,085 | 9,055 |
Income from discontinued operations, including gain on sale - net of tax | ' | ' | ' | ' |
Net income (loss) | ' | ' | ' | 9,055 |
Less: Net income attributable to noncontrolling interest | ' | ' | ' | ' |
Net income (loss) attributable to Arch Coal, Inc. | -1,267 | -406 | -2,085 | 9,055 |
Total comprehensive income (loss) | -1,267 | -406 | -2,085 | 9,055 |
Eliminations [Member] | ' | ' | ' | ' |
Condensed Financial Statement Line Items | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' |
Costs, expenses and other | ' | ' | ' | ' |
Cost of sales (exclusive of items shown separately below) | ' | ' | ' | ' |
Depreciation, depletion and amortization | ' | ' | ' | ' |
Amortization of acquired sales contracts, net | ' | ' | ' | ' |
Change in fair value of coal derivatives and coal trading activities, net | ' | ' | ' | ' |
Asset impairment and mine closure costs | ' | ' | ' | ' |
Legal contingencies | ' | ' | ' | ' |
Goodwill impairment | ' | ' | ' | ' |
Selling, general and administrative expenses | ' | ' | ' | ' |
Other operating income, net | ' | ' | ' | ' |
Operating Expenses | ' | ' | ' | ' |
Loss from investment in subsidiaries | 61,537 | -164,152 | 42,199 | 324,429 |
Income (loss) from operations | 61,537 | -164,152 | 42,199 | 324,429 |
Interest expense, net | ' | ' | ' | ' |
Interest expense | 26,204 | 23,386 | 72,528 | 63,838 |
Interest and investment income | -26,204 | -23,386 | -72,528 | -63,838 |
Interest expense, net | ' | ' | ' | ' |
Other Nonoperating Income (Expense) [Abstract] | ' | ' | ' | ' |
Net loss resulting from early retirement and refinancing of debt | ' | ' | ' | ' |
Income (loss) before income taxes | 61,537 | -164,152 | 42,199 | 324,429 |
Provision for (benefit from) income taxes | ' | ' | ' | ' |
Income (Loss) from Continuing Operations | 61,537 | -164,152 | 42,199 | 324,429 |
Income from discontinued operations, including gain on sale - net of tax | ' | ' | ' | ' |
Net income (loss) | ' | ' | ' | 324,429 |
Less: Net income attributable to noncontrolling interest | ' | ' | ' | ' |
Net income (loss) attributable to Arch Coal, Inc. | 61,537 | -164,152 | 42,199 | 324,429 |
Total comprehensive income (loss) | $60,508 | ($162,969) | $41,260 | $327,593 |
Supplemental_Condensed_Consoli3
Supplemental Condensed Consolidating Financial Information (Schedule Of Condensed Consolidating Balance Sheets) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||
Assets | ' | ' | ' | ' |
Cash and cash equivalents | $1,133,128 | $784,622 | $550,756 | $138,149 |
Restricted cash | ' | 3,453 | ' | ' |
Short term investments | 248,724 | 234,305 | ' | ' |
Receivables | 214,839 | 332,080 | ' | ' |
Inventories | 287,409 | 365,424 | ' | ' |
Other | 145,539 | 194,220 | ' | ' |
Total current assets | 2,029,639 | 1,914,104 | ' | ' |
Property, plant and equipment, net | 6,778,225 | 7,337,098 | ' | ' |
Investment in subsidiaries | ' | ' | ' | ' |
Intercompany receivables | ' | ' | ' | ' |
Note receivable from Arch Western | ' | ' | ' | ' |
Other | 723,591 | 755,575 | ' | ' |
Assets, Noncurrent | 723,591 | 755,575 | ' | ' |
Total assets | 9,531,455 | 10,006,777 | 9,935,854 | ' |
Liabilities and Stockholders’ Equity | ' | ' | ' | ' |
Accounts payable | 207,273 | 224,418 | ' | ' |
Accrued expenses and other current liabilities | 349,454 | 319,755 | ' | ' |
Current maturities of debt | 23,050 | 32,896 | ' | ' |
Total current liabilities | 579,777 | 577,069 | ' | ' |
Long-term debt | 5,074,384 | 5,085,879 | ' | ' |
Intercompany payables | ' | ' | ' | ' |
Note payable to Arch Coal | ' | ' | ' | ' |
Asset retirement obligations | 411,121 | 409,705 | ' | ' |
Accrued pension benefits | 68,539 | 67,630 | ' | ' |
Accrued postretirement benefits other than pension | 44,279 | 45,086 | ' | ' |
Accrued workers’ compensation | 82,014 | 81,629 | ' | ' |
Deferred income taxes | 484,130 | 664,182 | ' | ' |
Other noncurrent liabilities | 205,557 | 221,030 | ' | ' |
Total liabilities | 6,949,801 | 7,152,210 | ' | ' |
Stockholders' equity | 2,581,654 | 2,854,567 | ' | ' |
Total liabilities and stockholders’ equity | 9,531,455 | 10,006,777 | ' | ' |
Parent/Issuer [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Cash and cash equivalents | 1,021,245 | 671,313 | 313,548 | 66,542 |
Restricted cash | ' | 3,453 | ' | ' |
Short term investments | 248,724 | 234,305 | ' | ' |
Receivables | 7,847 | 49,281 | ' | ' |
Inventories | ' | ' | ' | ' |
Other | 96,992 | 106,786 | ' | ' |
Total current assets | 1,374,808 | 1,065,138 | ' | ' |
Property, plant and equipment, net | 25,526 | 27,476 | ' | ' |
Investment in subsidiaries | 7,992,601 | 8,254,508 | ' | ' |
Intercompany receivables | ' | ' | ' | ' |
Note receivable from Arch Western | 675,000 | 675,000 | ' | ' |
Other | 147,950 | 187,171 | ' | ' |
Assets, Noncurrent | 8,815,551 | 9,116,679 | ' | ' |
Total assets | 10,215,885 | 10,209,293 | ' | ' |
Liabilities and Stockholders’ Equity | ' | ' | ' | ' |
Accounts payable | 20,728 | 19,859 | ' | ' |
Accrued expenses and other current liabilities | 107,756 | 65,293 | ' | ' |
Current maturities of debt | 19,343 | 32,054 | ' | ' |
Total current liabilities | 147,827 | 117,206 | ' | ' |
Long-term debt | 5,055,021 | 5,061,925 | ' | ' |
Intercompany payables | 1,810,718 | 1,367,739 | ' | ' |
Note payable to Arch Coal | ' | ' | ' | ' |
Asset retirement obligations | 1,150 | 1,646 | ' | ' |
Accrued pension benefits | 36,304 | 33,456 | ' | ' |
Accrued postretirement benefits other than pension | 14,267 | 13,953 | ' | ' |
Accrued workers’ compensation | 25,601 | 25,323 | ' | ' |
Deferred income taxes | 484,130 | 664,182 | ' | ' |
Other noncurrent liabilities | 59,179 | 69,296 | ' | ' |
Total liabilities | 7,634,197 | 7,354,726 | ' | ' |
Stockholders' equity | 2,581,688 | 2,854,567 | ' | ' |
Total liabilities and stockholders’ equity | 10,215,885 | 10,209,293 | ' | ' |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Cash and cash equivalents | 100,410 | 100,468 | 225,431 | 70,258 |
Restricted cash | ' | ' | ' | ' |
Short term investments | ' | ' | ' | ' |
Receivables | 21,178 | 40,452 | ' | ' |
Inventories | 287,409 | 365,424 | ' | ' |
Other | 48,270 | 86,877 | ' | ' |
Total current assets | 457,267 | 593,221 | ' | ' |
Property, plant and equipment, net | 6,752,687 | 7,309,550 | ' | ' |
Investment in subsidiaries | ' | ' | ' | ' |
Intercompany receivables | 1,986,992 | 1,600,311 | ' | ' |
Note receivable from Arch Western | ' | ' | ' | ' |
Other | 575,551 | 568,314 | ' | ' |
Assets, Noncurrent | 2,562,543 | 2,168,625 | ' | ' |
Total assets | 9,772,497 | 10,071,396 | ' | ' |
Liabilities and Stockholders’ Equity | ' | ' | ' | ' |
Accounts payable | 186,468 | 204,370 | ' | ' |
Accrued expenses and other current liabilities | 246,063 | 259,162 | ' | ' |
Current maturities of debt | 3,707 | 842 | ' | ' |
Total current liabilities | 436,238 | 464,374 | ' | ' |
Long-term debt | 19,363 | 23,954 | ' | ' |
Intercompany payables | ' | ' | ' | ' |
Note payable to Arch Coal | 675,000 | 675,000 | ' | ' |
Asset retirement obligations | 409,971 | 408,059 | ' | ' |
Accrued pension benefits | 32,235 | 34,174 | ' | ' |
Accrued postretirement benefits other than pension | 30,012 | 31,133 | ' | ' |
Accrued workers’ compensation | 56,413 | 56,306 | ' | ' |
Deferred income taxes | ' | ' | ' | ' |
Other noncurrent liabilities | 146,055 | 151,360 | ' | ' |
Total liabilities | 1,805,287 | 1,844,360 | ' | ' |
Stockholders' equity | 7,967,210 | 8,227,036 | ' | ' |
Total liabilities and stockholders’ equity | 9,772,497 | 10,071,396 | ' | ' |
Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Cash and cash equivalents | 11,473 | 12,841 | 11,777 | 1,349 |
Restricted cash | ' | ' | ' | ' |
Short term investments | ' | ' | ' | ' |
Receivables | 190,493 | 247,171 | ' | ' |
Inventories | ' | ' | ' | ' |
Other | 277 | 557 | ' | ' |
Total current assets | 202,243 | 260,569 | ' | ' |
Property, plant and equipment, net | 46 | 72 | ' | ' |
Investment in subsidiaries | ' | ' | ' | ' |
Intercompany receivables | ' | ' | ' | ' |
Note receivable from Arch Western | ' | ' | ' | ' |
Other | 90 | 90 | ' | ' |
Assets, Noncurrent | 90 | 90 | ' | ' |
Total assets | 202,379 | 260,731 | ' | ' |
Liabilities and Stockholders’ Equity | ' | ' | ' | ' |
Accounts payable | 77 | 189 | ' | ' |
Accrued expenses and other current liabilities | 314 | 124 | ' | ' |
Current maturities of debt | ' | ' | ' | ' |
Total current liabilities | 391 | 313 | ' | ' |
Long-term debt | ' | ' | ' | ' |
Intercompany payables | 176,274 | 232,572 | ' | ' |
Note payable to Arch Coal | ' | ' | ' | ' |
Asset retirement obligations | ' | ' | ' | ' |
Accrued pension benefits | ' | ' | ' | ' |
Accrued postretirement benefits other than pension | ' | ' | ' | ' |
Accrued workers’ compensation | ' | ' | ' | ' |
Deferred income taxes | ' | ' | ' | ' |
Other noncurrent liabilities | 323 | 374 | ' | ' |
Total liabilities | 176,988 | 233,259 | ' | ' |
Stockholders' equity | 25,391 | 27,472 | ' | ' |
Total liabilities and stockholders’ equity | 202,379 | 260,731 | ' | ' |
Eliminations [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Cash and cash equivalents | ' | ' | ' | ' |
Restricted cash | ' | ' | ' | ' |
Short term investments | ' | ' | ' | ' |
Receivables | -4,679 | -4,824 | ' | ' |
Inventories | ' | ' | ' | ' |
Other | ' | ' | ' | ' |
Total current assets | -4,679 | -4,824 | ' | ' |
Property, plant and equipment, net | -34 | ' | ' | ' |
Investment in subsidiaries | -7,992,601 | -8,254,508 | ' | ' |
Intercompany receivables | -1,986,992 | -1,600,311 | ' | ' |
Note receivable from Arch Western | -675,000 | -675,000 | ' | ' |
Other | ' | ' | ' | ' |
Assets, Noncurrent | -10,654,593 | -10,529,819 | ' | ' |
Total assets | -10,659,306 | -10,534,643 | ' | ' |
Liabilities and Stockholders’ Equity | ' | ' | ' | ' |
Accounts payable | ' | ' | ' | ' |
Accrued expenses and other current liabilities | -4,679 | -4,824 | ' | ' |
Current maturities of debt | ' | ' | ' | ' |
Total current liabilities | -4,679 | -4,824 | ' | ' |
Long-term debt | ' | ' | ' | ' |
Intercompany payables | -1,986,992 | -1,600,311 | ' | ' |
Note payable to Arch Coal | -675,000 | -675,000 | ' | ' |
Asset retirement obligations | ' | ' | ' | ' |
Accrued pension benefits | ' | ' | ' | ' |
Accrued postretirement benefits other than pension | ' | ' | ' | ' |
Accrued workers’ compensation | ' | ' | ' | ' |
Deferred income taxes | ' | ' | ' | ' |
Other noncurrent liabilities | ' | ' | ' | ' |
Total liabilities | -2,666,671 | -2,280,135 | ' | ' |
Stockholders' equity | -7,992,635 | -8,254,508 | ' | ' |
Total liabilities and stockholders’ equity | ($10,659,306) | ($10,534,643) | ' | ' |
Supplemental_Condensed_Consoli4
Supplemental Condensed Consolidating Financial Information (Schedule Of Condensed Consolidating Statements Of Cash Flows) (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Cash provided by (used in) operating activities | $186,592 | $356,395 |
Investing Activities | ' | ' |
Capital expenditures | -223,168 | -303,968 |
Minimum royalty payments | -10,901 | -9,192 |
Proceeds from dispositions of property, plant and equipment | 8,799 | 22,624 |
Proceeds from sale-leaseback transactions | 34,919 | ' |
Proceeds from sale of Canyon Fuel | 422,663 | ' |
Purchases of short term investments | -85,418 | -99,628 |
Proceeds from sales of short term investments | 67,255 | ' |
Investments in and advances to affiliates | -11,124 | -12,685 |
Purchase of noncontrolling interest | ' | -17,500 |
Change in restricted cash | 3,453 | 6,872 |
Cash provided by (used in) investing activities | 206,478 | -413,477 |
Financing Activities | ' | ' |
Contributions from parent | ' | ' |
Proceeds from issuance of term loan | ' | 1,386,000 |
Payments on term loan | -12,375 | -3,500 |
Payments to retire debt | -384 | -452,806 |
Net decrease in borrowings under lines of credit | ' | -381,300 |
Net payments on other debt | -12,700 | -13,078 |
Debt financing costs | ' | -34,686 |
Dividends paid | -19,105 | -36,072 |
Proceeds from exercise of options under incentive plans | ' | 5,131 |
Transactions with affiliates, net | ' | ' |
Cash provided by (used in) financing activities | -44,564 | 469,689 |
Increase (decrease) in cash and cash equivalents | 348,506 | 412,607 |
Cash and cash equivalents, beginning of period | 784,622 | 138,149 |
Cash and cash equivalents, end of period | 1,133,128 | 550,756 |
Parent/Issuer [Member] | ' | ' |
Cash provided by (used in) operating activities | -22,206 | -610,129 |
Investing Activities | ' | ' |
Capital expenditures | -2,488 | -4,150 |
Minimum royalty payments | ' | ' |
Proceeds from dispositions of property, plant and equipment | ' | ' |
Proceeds from sale-leaseback transactions | ' | ' |
Proceeds from sale of Canyon Fuel | ' | ' |
Purchases of short term investments | -85,418 | -99,628 |
Proceeds from sales of short term investments | 67,255 | ' |
Investments in and advances to affiliates | -4,016 | -5,138 |
Purchase of noncontrolling interest | ' | ' |
Change in restricted cash | 3,453 | 6,872 |
Cash provided by (used in) investing activities | -21,214 | -102,044 |
Financing Activities | ' | ' |
Contributions from parent | ' | ' |
Proceeds from issuance of term loan | ' | 1,386,000 |
Payments on term loan | -12,375 | -3,500 |
Payments to retire debt | ' | ' |
Net decrease in borrowings under lines of credit | ' | -375,000 |
Net payments on other debt | -12,700 | -13,078 |
Debt financing costs | ' | -34,640 |
Dividends paid | -19,105 | -36,072 |
Proceeds from exercise of options under incentive plans | ' | 5,131 |
Transactions with affiliates, net | 437,532 | 30,338 |
Cash provided by (used in) financing activities | 393,352 | 959,179 |
Increase (decrease) in cash and cash equivalents | 349,932 | 247,006 |
Cash and cash equivalents, beginning of period | 671,313 | 66,542 |
Cash and cash equivalents, end of period | 1,021,245 | 313,548 |
Guarantor Subsidiaries [Member] | ' | ' |
Cash provided by (used in) operating activities | 153,868 | 874,545 |
Investing Activities | ' | ' |
Capital expenditures | -220,680 | -299,818 |
Minimum royalty payments | -10,901 | -9,192 |
Proceeds from dispositions of property, plant and equipment | 8,799 | 1,127 |
Proceeds from sale-leaseback transactions | 34,919 | ' |
Proceeds from sale of Canyon Fuel | 422,663 | ' |
Purchases of short term investments | ' | ' |
Proceeds from sales of short term investments | ' | ' |
Investments in and advances to affiliates | -7,492 | -9,082 |
Purchase of noncontrolling interest | ' | -17,500 |
Change in restricted cash | ' | ' |
Cash provided by (used in) investing activities | 227,308 | -334,465 |
Financing Activities | ' | ' |
Contributions from parent | 384 | 1,535 |
Proceeds from issuance of term loan | ' | ' |
Payments on term loan | ' | ' |
Payments to retire debt | -384 | -452,806 |
Net decrease in borrowings under lines of credit | ' | ' |
Net payments on other debt | ' | ' |
Debt financing costs | ' | ' |
Dividends paid | ' | ' |
Proceeds from exercise of options under incentive plans | ' | ' |
Transactions with affiliates, net | -381,234 | 66,364 |
Cash provided by (used in) financing activities | -381,234 | -384,907 |
Increase (decrease) in cash and cash equivalents | -58 | 155,173 |
Cash and cash equivalents, beginning of period | 100,468 | 70,258 |
Cash and cash equivalents, end of period | 100,410 | 225,431 |
Non-Guarantor Subsidiaries [Member] | ' | ' |
Cash provided by (used in) operating activities | 54,930 | 91,979 |
Investing Activities | ' | ' |
Capital expenditures | ' | ' |
Minimum royalty payments | ' | ' |
Proceeds from dispositions of property, plant and equipment | ' | 21,497 |
Proceeds from sale-leaseback transactions | ' | ' |
Proceeds from sale of Canyon Fuel | ' | ' |
Purchases of short term investments | ' | ' |
Proceeds from sales of short term investments | ' | ' |
Investments in and advances to affiliates | ' | ' |
Purchase of noncontrolling interest | ' | ' |
Change in restricted cash | ' | ' |
Cash provided by (used in) investing activities | ' | 21,497 |
Financing Activities | ' | ' |
Contributions from parent | ' | ' |
Proceeds from issuance of term loan | ' | ' |
Payments on term loan | ' | ' |
Payments to retire debt | ' | ' |
Net decrease in borrowings under lines of credit | ' | -6,300 |
Net payments on other debt | ' | ' |
Debt financing costs | ' | -46 |
Dividends paid | ' | ' |
Proceeds from exercise of options under incentive plans | ' | ' |
Transactions with affiliates, net | -56,298 | -96,702 |
Cash provided by (used in) financing activities | -56,298 | -103,048 |
Increase (decrease) in cash and cash equivalents | -1,368 | 10,428 |
Cash and cash equivalents, beginning of period | 12,841 | 1,349 |
Cash and cash equivalents, end of period | 11,473 | 11,777 |
Eliminations [Member] | ' | ' |
Cash provided by (used in) operating activities | ' | ' |
Investing Activities | ' | ' |
Capital expenditures | ' | ' |
Minimum royalty payments | ' | ' |
Proceeds from dispositions of property, plant and equipment | ' | ' |
Proceeds from sale-leaseback transactions | ' | ' |
Proceeds from sale of Canyon Fuel | ' | ' |
Purchases of short term investments | ' | ' |
Proceeds from sales of short term investments | ' | ' |
Investments in and advances to affiliates | 384 | 1,535 |
Purchase of noncontrolling interest | ' | ' |
Change in restricted cash | ' | ' |
Cash provided by (used in) investing activities | 384 | 1,535 |
Financing Activities | ' | ' |
Contributions from parent | -384 | -1,535 |
Proceeds from issuance of term loan | ' | ' |
Payments on term loan | ' | ' |
Payments to retire debt | ' | ' |
Net decrease in borrowings under lines of credit | ' | ' |
Net payments on other debt | ' | ' |
Debt financing costs | ' | ' |
Dividends paid | ' | ' |
Proceeds from exercise of options under incentive plans | ' | ' |
Transactions with affiliates, net | ' | ' |
Cash provided by (used in) financing activities | -384 | -1,535 |
Increase (decrease) in cash and cash equivalents | ' | ' |
Cash and cash equivalents, beginning of period | ' | ' |
Cash and cash equivalents, end of period | ' | ' |