Supplemental Guarantor/Non-Guarantor Financial Information | 6 Months Ended |
Jun. 30, 2014 | Jun. 30, 2013 |
Supplemental Guarantor Non Guarantor Financial Information [Abstract] | ' | ' |
Supplemental Guarantor Non Guarantor Financial Information Disclosure [Text Block] | ' | ' |
Supplemental Guarantor/Non-Guarantor Financial Information | Unaudited Supplemental Condensed Consolidating Statements of Operations |
In accordance with the indentures governing the 7.375% Senior Notes due November 2016, the 6.00% Senior Notes due November 2018, the 6.50% Senior Notes due September 2020, the 6.25% Senior Notes due November 2021 and the 7.875% Senior Notes due November 2026 (collectively the Senior Notes), certain 100% owned U.S. subsidiaries of the Company (each, a Guarantor Subsidiary) have fully and unconditionally guaranteed the Senior Notes, on a joint and several basis.The indentures governing the Senior Notes contain customary exceptions under which a guarantee of a Guarantor Subsidiary will terminate, including (a) the release or discharge of the guarantee of the Company’s Credit Agreement by such Guarantor Subsidiary, except a discharge or release by or as a result of payment under such guarantee, (b) a sale or other disposition, by way of merger, consolidation or otherwise, of all of the capital stock of such Guarantor Subsidiary, and (c) the legal defeasance or discharge of the indentures. Separate financial statements and other disclosures concerning the Guarantor Subsidiaries are not presented because management believes that such information is not material to the holders of the Senior Notes. The following historical financial statement information is provided for the Guarantor/Non-Guarantor Subsidiaries. | |
Unaudited Supplemental Condensed Consolidating Balance Sheets | | | | | | | | | | | | | | | | | | | | |
| | Three Months Ended June 30, 2014 |
| | | | | | | | | | | | | | | | | | | | | Parent | | Guarantor | | Non-Guarantor | | Eliminations | | Consolidated |
| June 30, 2014 | Company | Subsidiaries | Subsidiaries |
| Parent | | Guarantor | | Non-Guarantor | | Reclassifications/ | | Consolidated | | (Dollars in millions) |
Company | Subsidiaries | Subsidiaries | Eliminations | Total revenues | $ | — | | | $ | 1,005.00 | | | $ | 774.9 | | | $ | (21.9 | ) | | $ | 1,758.00 | |
| (Dollars in millions) |
Assets | | | | | | | | | | Costs and expenses | | | | | | | | | |
Current assets | | | | | | | | | | Operating costs and expenses (exclusive of items shown separately below) | (7.3 | ) | | 741.2 | | | 755.6 | | | (21.9 | ) | | 1,467.60 | |
Cash and cash equivalents | $ | 323.6 | | | $ | 0.2 | | | $ | 174.6 | | | $ | — | | | $ | 498.4 | |
Depreciation, depletion and amortization | — | | | 76.2 | | | 86.9 | | | — | | | 163.1 | |
Accounts receivable, net | 0.3 | | | — | | | 447.1 | | | (0.3 | ) | | 447.1 | |
Asset retirement obligation expenses | — | | | 7 | | | 8.9 | | | — | | | 15.9 | |
Receivables from affiliates, net | 369.2 | | | — | | | — | | | (369.2 | ) | | — | |
Selling and administrative expenses | 11 | | | 42.8 | | | 5.4 | | | — | | | 59.2 | |
Inventories | — | | | 217.6 | | | 330.8 | | | — | | | 548.4 | |
Other operating (income) loss: | | | | | | | | | |
Assets from coal trading activities, net | — | | | 46.1 | | | 4.7 | | | — | | | 50.8 | | Net (gain) loss on disposal or exchange of assets | — | | | (2.3 | ) | | 0.1 | | | — | | | (2.2 | ) |
|
Deferred income taxes | 24 | | | 36 | | | 7.2 | | | — | | | 67.2 | | Loss (income) from equity affiliates and investment in subsidiaries | 4.4 | | | 2.1 | | | 19.5 | | | (4.4 | ) | | 21.6 | |
|
Other current assets | 11.1 | | | 17.2 | | | 237.6 | | | — | | | 265.9 | | Interest expense | 107.2 | | | 1.7 | | | 1.7 | | | (5.4 | ) | | 105.2 | |
|
Total current assets | 728.2 | | | 317.1 | | | 1,202.00 | | | (369.5 | ) | | 1,877.80 | | Interest income | (0.1 | ) | | (2.1 | ) | | (7.6 | ) | | 5.4 | | | (4.4 | ) |
|
Property, plant, equipment and mine development, net | — | | | 4,904.60 | | | 5,795.90 | | | — | | | 10,700.50 | | (Loss) income from continuing operations before income taxes | (115.2 | ) | | 138.4 | | | (95.6 | ) | | 4.4 | | | (68.0 | ) |
|
Deferred income taxes | — | | | — | | | 79.4 | | | 2.7 | | | 82.1 | | Income tax (benefit) provision | (41.0 | ) | | 41 | | | 4 | | | — | | | 4 | |
|
Investments and other assets | 10,704.60 | | | 8.5 | | | 742.9 | | | (10,424.2 | ) | | 1,031.80 | | (Loss) income from continuing operations, net of income taxes | (74.2 | ) | | 97.4 | | | (99.6 | ) | | 4.4 | | | (72.0 | ) |
|
Notes receivable from affiliates, net | — | | | 1,546.80 | | | — | | | (1,546.8 | ) | | — | | Income (loss) from discontinued operations, net of income taxes | 0.9 | | | (0.5 | ) | | 0.4 | | | — | | | 0.8 | |
|
Total assets | $ | 11,432.80 | | | $ | 6,777.00 | | | $ | 7,820.20 | | | $ | (12,337.8 | ) | | $ | 13,692.20 | | Net (loss) income | (73.3 | ) | | 96.9 | | | (99.2 | ) | | 4.4 | | | (71.2 | ) |
|
Liabilities and Stockholders’ Equity | | | | | | | | | | Less: Net income attributable to noncontrolling interests | — | | | — | | | 2.1 | | | — | | | 2.1 | |
Current liabilities | | | | | | | | | |
Current maturities of long-term debt | $ | 12 | | | $ | 0.1 | | | $ | 8.7 | | | $ | — | | | $ | 20.8 | | Net (loss) income attributable to common stockholders | $ | (73.3 | ) | | $ | 96.9 | | | $ | (101.3 | ) | | $ | 4.4 | | | $ | (73.3 | ) |
|
Payables to affiliates, net | — | | | 296.5 | | | 72.7 | | | (369.2 | ) | | — | | Unaudited Supplemental Condensed Consolidating Statements of Comprehensive Income |
|
Deferred income taxes | — | | | — | | | 7.5 | | | — | | | 7.5 | | | | | | | | | | | | | | | | | | | | | |
| Three Months Ended June 30, 2014 |
Liabilities from coal trading activities, net | — | | | 4.8 | | | 9.6 | | | — | | | 14.4 | | | Parent | | Guarantor | | Non-Guarantor | | Eliminations | | Consolidated |
Company | Subsidiaries | Subsidiaries |
Accounts payable and accrued expenses | 194.2 | | | 580.9 | | | 687.2 | | | (0.3 | ) | | 1,462.00 | | | (Dollars in millions) |
Net (loss) income | $ | (73.3 | ) | | $ | 96.9 | | | $ | (99.2 | ) | | $ | 4.4 | | | $ | (71.2 | ) |
Total current liabilities | 206.2 | | | 882.3 | | | 785.7 | | | (369.5 | ) | | 1,504.70 | |
Other comprehensive income (loss), net of income taxes | 74.5 | | | (7.5 | ) | | 2.6 | | | 4.9 | | | 74.5 | |
Long-term debt, less current maturities | 5,955.30 | | | 6.4 | | | 11.5 | | | — | | | 5,973.20 | |
Comprehensive income (loss) | 1.2 | | | 89.4 | | | (96.6 | ) | | 9.3 | | | 3.3 | |
Deferred income taxes | 22.4 | | | 34.4 | | | — | | | 2.7 | | | 59.5 | |
Less: Comprehensive income attributable to noncontrolling interests | — | | | — | | | 2.1 | | | — | | | 2.1 | |
Notes payable to affiliates, net | 1,078.10 | | | — | | | 468.7 | | | (1,546.8 | ) | | — | |
Comprehensive income (loss) attributable to common stockholders | $ | 1.2 | | | $ | 89.4 | | | $ | (98.7 | ) | | $ | 9.3 | | | $ | 1.2 | |
Other noncurrent liabilities | 210 | | | 1,555.00 | | | 385.4 | | | — | | | 2,150.40 | |
Unaudited Supplemental Condensed Consolidating Statements of Operations |
Total liabilities | 7,472.00 | | | 2,478.10 | | | 1,651.30 | | | (1,913.6 | ) | | 9,687.80 | | |
| | | | | | | | | | | | | | | | | | | |
Peabody Energy Corporation stockholders’ equity | 3,960.80 | | | 4,298.90 | | | 6,125.30 | | | (10,424.2 | ) | | 3,960.80 | | | Three Months Ended June 30, 2013 |
| Parent | | Guarantor | | Non-Guarantor | | Eliminations | | Consolidated |
Noncontrolling interests | — | | | — | | | 43.6 | | | — | | | 43.6 | | Company | Subsidiaries | Subsidiaries |
| (Dollars in millions) |
Total stockholders’ equity | 3,960.80 | | | 4,298.90 | | | 6,168.90 | | | (10,424.2 | ) | | 4,004.40 | | Total revenues | $ | — | | | $ | 972.5 | | | $ | 818.8 | | | $ | (66.0 | ) | | $ | 1,725.30 | |
|
Total liabilities and stockholders’ equity | $ | 11,432.80 | | | $ | 6,777.00 | | | $ | 7,820.20 | | | $ | (12,337.8 | ) | | $ | 13,692.20 | | Costs and expenses | | | | | | | | | |
Operating costs and expenses (exclusive of items shown separately below) | (62.8 | ) | | 823 | | | 743 | | | (66.0 | ) | | 1,437.20 | |
|
Supplemental Condensed Consolidating Balance Sheets | Depreciation, depletion and amortization | — | | | 85.5 | | | 100.2 | | | — | | | 185.7 | |
|
| | | | | | | | | | | | | | | | | | | | Asset retirement obligation expenses | — | | | 10.2 | | | 8.1 | | | — | | | 18.3 | |
| December 31, 2013 |
| Parent | | Guarantor | | Non-Guarantor | | Reclassifications/ | | Consolidated | Selling and administrative expenses | 14.6 | | | 44.3 | | | 5.1 | | | — | | | 64 | |
Company | Subsidiaries | Subsidiaries | Eliminations |
| (Dollars in millions) | Other operating (income) loss: | | | | | | | | | |
Assets | | | | | | | | | | Net gain on disposal or exchange of assets | — | | | (43.0 | ) | | (0.2 | ) | | — | | | (43.2 | ) |
Current assets | | | | | | | | | |
Cash and cash equivalents | $ | 300.7 | | | $ | 0.3 | | | $ | 143 | | | $ | — | | | $ | 444 | | Asset impairment | 21.5 | | | — | | | — | | | — | | | 21.5 | |
|
Accounts receivable, net | 1.3 | | | — | | | 559.1 | | | (2.5 | ) | | 557.9 | | (Income) loss from equity affiliates and investment in subsidiaries | (174.4 | ) | | 4.5 | | | 10.9 | | | 174.4 | | | 15.4 | |
|
Receivables from affiliates, net | 68.4 | | | — | | | — | | | (68.4 | ) | | — | | Interest expense | 101.3 | | | 8.7 | | | 95.4 | | | (94.6 | ) | | 110.8 | |
|
Inventories | — | | | 235.1 | | | 271.6 | | | — | | | 506.7 | | Interest income | (0.1 | ) | | (90.5 | ) | | (5.1 | ) | | 94.6 | | | (1.1 | ) |
|
Assets from coal trading activities, net | — | | | 46.7 | | | — | | | (10.6 | ) | | 36.1 | | Unrealized loss (gain) on derivatives | — | | | 502.6 | | | (502.6 | ) | | — | | | — | |
|
Deferred income taxes | — | | | 61.9 | | | 6.4 | | | (1.9 | ) | | 66.4 | | Income (loss) from continuing operations before income taxes | 99.9 | | | (372.8 | ) | | 364 | | | (174.4 | ) | | (83.3 | ) |
|
Other current assets | 34.5 | | | 73.7 | | | 273.4 | | | — | | | 381.6 | | Income tax provision (benefit) | 5.8 | | | (193.1 | ) | | 2.6 | | | — | | | (184.7 | ) |
|
Total current assets | 404.9 | | | 417.7 | | | 1,253.50 | | | (83.4 | ) | | 1,992.70 | | Income (loss) from continuing operations, net of income taxes | 94.1 | | | (179.7 | ) | | 361.4 | | | (174.4 | ) | | 101.4 | |
|
Property, plant, equipment and mine development, net | — | | | 5,055.70 | | | 6,026.80 | | | — | | | 11,082.50 | | Loss from discontinued operations, net of income taxes | (3.8 | ) | | (1.0 | ) | | (9.5 | ) | | — | | | (14.3 | ) |
|
Deferred income taxes | 16.5 | | | — | | | 7.8 | | | (16.5 | ) | | 7.8 | | Net income (loss) | 90.3 | | | (180.7 | ) | | 351.9 | | | (174.4 | ) | | 87.1 | |
|
Investments and other assets | 11,394.90 | | | 8.8 | | | 762.6 | | | (11,115.9 | ) | | 1,050.40 | | Less: Net loss attributable to noncontrolling interests | — | | | — | | | (3.2 | ) | | — | | | (3.2 | ) |
|
Notes receivable from affiliates, net | — | | | 1,478.60 | | | — | | | (1,478.6 | ) | | — | | Net income (loss) attributable to common stockholders | $ | 90.3 | | | $ | (180.7 | ) | | $ | 355.1 | | | $ | (174.4 | ) | | $ | 90.3 | |
|
Total assets | $ | 11,816.30 | | | $ | 6,960.80 | | | $ | 8,050.70 | | | $ | (12,694.4 | ) | | $ | 14,133.40 | | Unaudited Supplemental Condensed Consolidating Statements of Comprehensive Income |
|
Liabilities and Stockholders’ Equity | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Current liabilities | | | | | | | | | | | Three Months Ended June 30, 2013 |
Current maturities of long-term debt | $ | 12 | | | $ | 0.1 | | | $ | 19.6 | | | $ | — | | | $ | 31.7 | | | Parent | | Guarantor | | Non-Guarantor | | Eliminations | | Consolidated |
Company | Subsidiaries | Subsidiaries |
Payables to affiliates, net | — | | | 10.4 | | | 58 | | | (68.4 | ) | | — | | | (Dollars in millions) |
Net income (loss) | $ | 90.3 | | | $ | (180.7 | ) | | $ | 351.9 | | | $ | (174.4 | ) | | $ | 87.1 | |
Deferred income taxes | 1.9 | | | — | | | — | | | (1.9 | ) | | — | |
Other comprehensive (loss) income, net of income taxes | (431.6 | ) | | 51 | | | (49.9 | ) | | (1.1 | ) | | (431.6 | ) |
Liabilities from coal trading activities, net | — | | | 0.2 | | | 16.5 | | | (10.6 | ) | | 6.1 | |
Comprehensive (loss) income | (341.3 | ) | | (129.7 | ) | | 302 | | | (175.5 | ) | | (344.5 | ) |
Accounts payable and accrued expenses | 360 | | | 577.7 | | | 802.5 | | | (2.5 | ) | | 1,737.70 | |
Less: Comprehensive loss attributable to noncontrolling interests | — | | | — | | | (3.2 | ) | | — | | | (3.2 | ) |
Total current liabilities | 373.9 | | | 588.4 | | | 896.6 | | | (83.4 | ) | | 1,775.50 | |
Comprehensive (loss) income attributable to common stockholders | $ | (341.3 | ) | | $ | (129.7 | ) | | $ | 305.2 | | | $ | (175.5 | ) | | $ | (341.3 | ) |
Long-term debt, less current maturities | 5,959.10 | | | 6.5 | | | 5.1 | | | — | | | 5,970.70 | |
Unaudited Supplemental Condensed Consolidating Statements of Operations |
Deferred income taxes | — | | | 55.9 | | | 1.5 | | | (16.5 | ) | | 40.9 | | |
| | | | | | | | | | | | | | | | | | | |
Notes payable to affiliates, net | 1,078.20 | | | — | | | 400.4 | | | (1,478.6 | ) | | — | | | Six Months Ended June 30, 2014 |
| Parent | | Guarantor | | Non-Guarantor | | Eliminations | | Consolidated |
Other noncurrent liabilities | 496.4 | | | 1,521.80 | | | 380.2 | | | — | | | 2,398.40 | | Company | Subsidiaries | Subsidiaries |
| (Dollars in millions) |
Total liabilities | 7,907.60 | | | 2,172.60 | | | 1,683.80 | | | (1,578.5 | ) | | 10,185.50 | | Total revenues | $ | — | | | $ | 1,981.40 | | | $ | 1,446.20 | | | $ | (42.8 | ) | | $ | 3,384.80 | |
|
Peabody Energy Corporation stockholders’ equity | 3,908.70 | | | 4,788.20 | | | 6,327.70 | | | (11,115.9 | ) | | 3,908.70 | | Costs and expenses | | | | | | | | | |
Operating costs and expenses (exclusive of items shown separately below) | 13.9 | | | 1,468.00 | | | 1,423.30 | | | (42.8 | ) | | 2,862.40 | |
Noncontrolling interests | — | | | — | | | 39.2 | | | — | | | 39.2 | |
Depreciation, depletion and amortization | — | | | 153.4 | | | 166.9 | | | — | | | 320.3 | |
Total stockholders’ equity | 3,908.70 | | | 4,788.20 | | | 6,366.90 | | | (11,115.9 | ) | | 3,947.90 | |
Asset retirement obligation expenses | — | | | 15.6 | | | 15.9 | | | — | | | 31.5 | |
Total liabilities and stockholders’ equity | $ | 11,816.30 | | | $ | 6,960.80 | | | $ | 8,050.70 | | | $ | (12,694.4 | ) | | $ | 14,133.40 | |
Selling and administrative expenses | 24.6 | | | 84.1 | | | 10 | | | — | | | 118.7 | |
Unaudited Supplemental Condensed Consolidating Statements of Cash Flows |
| | | | | Other operating (income) loss: | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | Net gain on disposal or exchange of assets | — | | | (11.9 | ) | | (0.1 | ) | | — | | | (12.0 | ) |
| Six Months Ended June 30, 2014 | | | | |
| Parent | | Guarantor | | Non-Guarantor | | Consolidated | | | | | (Income) loss from equity affiliates and investment in subsidiaries | (35.2 | ) | | 2.7 | | | 25.5 | | | 35.2 | | | 28.2 | |
Company | Subsidiaries | Subsidiaries | | | | |
| (Dollars in millions) | | | | | Interest expense | 212.9 | | | 3.3 | | | 3.1 | | | (10.8 | ) | | 208.5 | |
Cash Flows From Operating Activities | | | | | | | | | | | |
Net cash (used in) provided by continuing operations | $ | (112.4 | ) | | $ | 330.3 | | | $ | (60.8 | ) | | $ | 157.1 | | | | | | Interest income | (0.2 | ) | | (4.5 | ) | | (14.1 | ) | | 10.8 | | | (8.0 | ) |
| | | |
Net cash used in discontinued operations | (72.9 | ) | | (1.4 | ) | | (7.5 | ) | | (81.8 | ) | | | | | (Loss) income from continuing operations before income taxes | (216.0 | ) | | 270.7 | | | (184.3 | ) | | (35.2 | ) | | (164.8 | ) |
Net cash (used in) provided by operating activities | (185.3 | ) | | 328.9 | | | (68.3 | ) | | 75.3 | | | | | |
| | | | Income tax (benefit) provision | (93.0 | ) | | 65.8 | | | (21.3 | ) | | — | | | (48.5 | ) |
Cash Flows From Investing Activities | | | | | | | | | | | |
Additions to property, plant, equipment and mine development | — | | | (32.1 | ) | | (32.6 | ) | | (64.7 | ) | | | | | (Loss) income from continuing operations, net of income taxes | (123.0 | ) | | 204.9 | | | (163.0 | ) | | (35.2 | ) | | (116.3 | ) |
| | | |
Changes in accrued expenses related to capital expenditures | — | | | (1.3 | ) | | (16.2 | ) | | (17.5 | ) | | | | | Income (loss) from discontinued operations, net of income taxes | 1.2 | | | (1.2 | ) | | 1 | | | — | | | 1 | |
| | | |
Proceeds from disposal of assets, net of notes receivable | — | | | 50.9 | | | 88.3 | | | 139.2 | | | | | | Net (loss) income | (121.8 | ) | | 203.7 | | | (162.0 | ) | | (35.2 | ) | | (115.3 | ) |
| | | |
Purchases of debt securities | — | | | — | | | (4.2 | ) | | (4.2 | ) | | | | | Less: Net income attributable to noncontrolling interests | — | | | — | | | 6.5 | | | — | | | 6.5 | |
| | | |
Proceeds from sales and maturities of debt securities | — | | | — | | | 5 | | | 5 | | | | | | Net (loss) income attributable to common stockholders | $ | (121.8 | ) | | $ | 203.7 | | | $ | (168.5 | ) | | $ | (35.2 | ) | | $ | (121.8 | ) |
| | | |
Contributions to joint ventures | — | | | — | | | (271.3 | ) | | (271.3 | ) | | | | | Unaudited Supplemental Condensed Consolidating Statements of Comprehensive Income |
| | | | |
Distributions from joint ventures | — | | | — | | | 269 | | | 269 | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | Six Months Ended June 30, 2014 |
Advances to related parties | — | | | — | | | (12.3 | ) | | (12.3 | ) | | | | | | Parent | | Guarantor | | Non-Guarantor | | Eliminations | | Consolidated |
| | | | Company | Subsidiaries | Subsidiaries |
Repayments of loans from related parties | — | | | — | | | 2.2 | | | 2.2 | | | | | | | (Dollars in millions) |
| | | | Net (loss) income | $ | (121.8 | ) | | $ | 203.7 | | | $ | (162.0 | ) | | $ | (35.2 | ) | | $ | (115.3 | ) |
Other, net | — | | | (1.7 | ) | | (0.3 | ) | | (2.0 | ) | | | | |
| | | | Other comprehensive income (loss), net of income taxes | 200.4 | | | 2.4 | | | (15.9 | ) | | 13.5 | | | 200.4 | |
Net cash provided by continuing operations | — | | | 15.8 | | | 27.6 | | | 43.4 | | | | | |
| | | | Comprehensive income (loss) | 78.6 | | | 206.1 | | | (177.9 | ) | | (21.7 | ) | | 85.1 | |
Net cash provided by discontinued operations | — | | | — | | | 5 | | | 5 | | | | | |
| | | | Less: Comprehensive income attributable to noncontrolling interests | — | | | — | | | 6.5 | | | — | | | 6.5 | |
Net cash provided by investing activities | — | | | 15.8 | | | 32.6 | | | 48.4 | | | | | |
| | | | Comprehensive income (loss) attributable to common stockholders | $ | 78.6 | | | $ | 206.1 | | | $ | (184.4 | ) | | $ | (21.7 | ) | | $ | 78.6 | |
Cash Flows From Financing Activities | | | | | | | | | | | |
Repayments of long-term debt | (6.0 | ) | | — | | | (4.4 | ) | | (10.4 | ) | | | | | Unaudited Supplemental Condensed Consolidating Statements of Operations |
| | | | |
Payment of debt issuance costs | (10.1 | ) | | — | | | — | | | (10.1 | ) | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | Six Months Ended June 30, 2013 |
Dividends paid | (46.1 | ) | | — | | | — | | | (46.1 | ) | | | | | | Parent | | Guarantor | | Non-Guarantor | | Eliminations | | Consolidated |
| | | | Company | Subsidiaries | Subsidiaries |
Other, net | 1 | | | (1.7 | ) | | (2.0 | ) | | (2.7 | ) | | | | | | (Dollars in millions) |
| | | | Total revenues | $ | — | | | $ | 1,987.10 | | | $ | 1,615.00 | | | $ | (128.8 | ) | | $ | 3,473.30 | |
Transactions with affiliates, net | 269.4 | | | (343.1 | ) | | 73.7 | | | — | | | | | |
| | | | Costs and expenses | | | | | | | | | |
Net cash provided by (used in) financing activities | 208.2 | | | (344.8 | ) | | 67.3 | | | (69.3 | ) | | | | | Operating costs and expenses (exclusive of items shown separately below) | (154.5 | ) | | 1,523.90 | | | 1,586.00 | | | (128.8 | ) | | 2,826.60 | |
| | | |
Net change in cash and cash equivalents | 22.9 | | | (0.1 | ) | | 31.6 | | | 54.4 | | | | | | Depreciation, depletion and amortization | — | | | 165.1 | | | 191.3 | | | — | | | 356.4 | |
| | | |
Cash and cash equivalents at beginning of period | 300.7 | | | 0.3 | | | 143 | | | 444 | | | | | | Asset retirement obligation expenses | — | | | 21.8 | | | 15.5 | | | — | | | 37.3 | |
| | | |
Cash and cash equivalents at end of period | $ | 323.6 | | | $ | 0.2 | | | $ | 174.6 | | | $ | 498.4 | | | | | | Selling and administrative expenses | 23.8 | | | 91.7 | | | 13.6 | | | — | | | 129.1 | |
| | | |
Unaudited Supplemental Condensed Consolidating Statements of Cash Flows | Other operating (income) loss: | | | | | | | | | |
| | | | | Net gain on disposal or exchange of assets | — | | | (45.8 | ) | | — | | | — | | | (45.8 | ) |
| | | | | | | | | | | | | | | | | | | |
| Six Months Ended June 30, 2013 | | | | | Asset impairment | 21.5 | | | — | | | — | | | — | | | 21.5 | |
| Parent | | Guarantor | | Non-Guarantor | | Consolidated | | | | |
Company | Subsidiaries | Subsidiaries | | | | | (Income) loss from equity affiliates and investment in subsidiaries | (89.6 | ) | | 8.4 | | | 24.6 | | | 89.6 | | | 33 | |
| (Dollars in millions) | | | | |
Cash Flows From Operating Activities | | | | | | | | | | | | Interest expense | 203.2 | | | 11 | | | 205.9 | | | (208.0 | ) | | 212.1 | |
Net cash provided by (used in) continuing operations | $ | 114.5 | | | $ | 496.5 | | | $ | (245.1 | ) | | $ | 365.9 | | | | | |
| | | | Interest income | (68.2 | ) | | (125.4 | ) | | (21.4 | ) | | 208 | | | (7.0 | ) |
Net cash (used in) provided by discontinued operations | (8.1 | ) | | 0.5 | | | (26.9 | ) | | (34.5 | ) | | | | |
| | | | Unrealized loss (gain) on derivatives | — | | | 461.6 | | | (461.6 | ) | | — | | | — | |
Net cash provided by (used in) operating activities | 106.4 | | | 497 | | | (272.0 | ) | | 331.4 | | | | | |
| | | | Income (loss) from continuing operations before income taxes | 63.8 | | | (125.2 | ) | | 61.1 | | | (89.6 | ) | | (89.9 | ) |
Cash Flows From Investing Activities | | | | | | | | | | | |
Additions to property, plant, equipment and mine development | — | | | (45.1 | ) | | (121.4 | ) | | (166.5 | ) | | | | | Income tax benefit | (9.5 | ) | | (85.2 | ) | | (86.3 | ) | | — | | | (181.0 | ) |
| | | |
Changes in accrued expenses related to capital expenditures | — | | | (2.4 | ) | | (100.2 | ) | | (102.6 | ) | | | | | Income (loss) from continuing operations, net of income taxes | 73.3 | | | (40.0 | ) | | 147.4 | | | (89.6 | ) | | 91.1 | |
| | | |
Proceeds from disposal of assets, net of notes receivable | — | | | 42.1 | | | 81.8 | | | 123.9 | | | | | | Loss from discontinued operations, net of income taxes | (6.4 | ) | | (2.5 | ) | | (14.5 | ) | | — | | | (23.4 | ) |
| | | |
Purchases of debt securities | — | | | — | | | (9.7 | ) | | (9.7 | ) | | | | | Net income (loss) | 66.9 | | | (42.5 | ) | | 132.9 | | | (89.6 | ) | | 67.7 | |
| | | |
Proceeds from sales and maturities of debt securities | — | | | — | | | 17 | | | 17 | | | | | | Less: Net income attributable to noncontrolling interests | — | | | — | | | 0.8 | | | — | | | 0.8 | |
| | | |
Proceeds from the maturity of short-term investments | — | | | — | | | 4.8 | | | 4.8 | | | | | | Net income (loss) attributable to common stockholders | $ | 66.9 | | | $ | (42.5 | ) | | $ | 132.1 | | | $ | (89.6 | ) | | $ | 66.9 | |
| | | |
Contributions to joint ventures | — | | | — | | | (323.8 | ) | | (323.8 | ) | | | | | Unaudited Supplemental Condensed Consolidating Statements of Comprehensive Income |
| | | | |
Distributions from joint ventures | — | | | — | | | 372.1 | | | 372.1 | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | Six Months Ended June 30, 2013 |
Advances to related parties | — | | | — | | | (35.7 | ) | | (35.7 | ) | | | | | | Parent | | Guarantor | | Non-Guarantor | | Eliminations | | Consolidated |
| | | | Company | Subsidiaries | Subsidiaries |
Repayments of loans from related parties | — | | | — | | | 18.2 | | | 18.2 | | | | | | | (Dollars in millions) |
| | | | Net income (loss) | $ | 66.9 | | | $ | (42.5 | ) | | $ | 132.9 | | | $ | (89.6 | ) | | $ | 67.7 | |
Other, net | — | | | (3.4 | ) | | (0.2 | ) | | (3.6 | ) | | | | |
| | | | Other comprehensive (loss) income, net of income taxes | (431.0 | ) | | 28.5 | | | (64.1 | ) | | 35.6 | | | (431.0 | ) |
Net cash used in continuing operations | — | | | (8.8 | ) | | (97.1 | ) | | (105.9 | ) | | | | |
| | | | Comprehensive (loss) income | (364.1 | ) | | (14.0 | ) | | 68.8 | | | (54.0 | ) | | (363.3 | ) |
Net cash used in discontinued operations | — | | | — | | | (0.3 | ) | | (0.3 | ) | | | | |
| | | | Less: Comprehensive income attributable to noncontrolling interests | — | | | — | | | 0.8 | | | — | | | 0.8 | |
Net cash used in investing activities | — | | | (8.8 | ) | | (97.4 | ) | | (106.2 | ) | | | | |
| | | | Comprehensive (loss) income attributable to common stockholders | $ | (364.1 | ) | | $ | (14.0 | ) | | $ | 68 | | | $ | (54.0 | ) | | $ | (364.1 | ) |
Cash Flows From Financing Activities | | | | | | | | | | | |
Repayments of long-term debt | (167.0 | ) | | (0.1 | ) | | (48.5 | ) | | (215.6 | ) | | | | | |
Dividends paid | (45.9 | ) | | — | | | — | | | (45.9 | ) | | | | | |
| | | | |
Other, net | 0.9 | | | (5.2 | ) | | (0.3 | ) | | (4.6 | ) | | | | | |
| | | | |
Transactions with affiliates, net | 169.8 | | | (483.0 | ) | | 313.2 | | | — | | | | | | |
| | | | |
Net cash (used in) provided by financing activities | (42.2 | ) | | (488.3 | ) | | 264.4 | | | (266.1 | ) | | | | | |
| | | | |
Net change in cash and cash equivalents | 64.2 | | | (0.1 | ) | | (105.0 | ) | | (40.9 | ) | | | | | |
| | | | |
Cash and cash equivalents at beginning of period | 269.6 | | | 0.3 | | | 288.9 | | | 558.8 | | | | | | |
| | | | |
Cash and cash equivalents at end of period | $ | 333.8 | | | $ | 0.2 | | | $ | 183.9 | | | $ | 517.9 | | | | | | |
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