Supplemental Guarantor/Non-Guarantor Financial Information | 9 Months Ended |
Sep. 30, 2014 |
Supplemental Guarantor Non Guarantor Financial Information [Abstract] | ' |
Supplemental Guarantor Non Guarantor Financial Information Disclosure [Text Block] | ' |
Supplemental Guarantor/Non-Guarantor Financial Information |
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 2013 Credit Facility 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 Statements of Operations |
|
| | | | | | | | | | | | | | | | | | | |
| Three Months Ended September 30, 2014 |
| Parent | | Guarantor | | Non-Guarantor | | Eliminations | | Consolidated |
Company | Subsidiaries | Subsidiaries |
| (Dollars in millions) |
Total revenues | $ | — | | | $ | 1,008.10 | | | $ | 731.1 | | | $ | (16.3 | ) | | $ | 1,722.90 | |
|
Costs and expenses | | | | | | | | | |
Operating costs and expenses (exclusive of items shown separately below) | (6.7 | ) | | 758.2 | | | 718.1 | | | (16.3 | ) | | 1,453.30 | |
|
Depreciation, depletion and amortization | — | | | 77 | | | 86.6 | | | — | | | 163.6 | |
|
Asset retirement obligation expenses | — | | | 6.5 | | | 8.5 | | | — | | | 15 | |
|
Selling and administrative expenses | 12 | | | 36.4 | | | 4.5 | | | — | | | 52.9 | |
|
Other operating (income) loss: | | | | | | | | | |
Net gain on disposal or exchange of assets | — | | | (4.4 | ) | | (9.5 | ) | | — | | | (13.9 | ) |
|
Loss from equity affiliates and investment in subsidiaries | 80.9 | | | 3.6 | | | 12.2 | | | (80.9 | ) | | 15.8 | |
|
Interest expense | 106 | | | 1.7 | | | 171.2 | | | (164.4 | ) | | 114.5 | |
|
Interest income | — | | | (2.8 | ) | | (165.3 | ) | | 164.4 | | | (3.7 | ) |
|
(Loss) income from continuing operations before income taxes | (192.2 | ) | | 131.9 | | | (95.2 | ) | | 80.9 | | | (74.6 | ) |
|
Income tax (benefit) provision | (41.1 | ) | | 57 | | | 63.5 | | | — | | | 79.4 | |
|
(Loss) income from continuing operations, net of income taxes | (151.1 | ) | | 74.9 | | | (158.7 | ) | | 80.9 | | | (154.0 | ) |
|
Income (loss) from discontinued operations, net of income taxes | 0.5 | | | (0.1 | ) | | 4.6 | | | — | | | 5 | |
|
Net (loss) income | (150.6 | ) | | 74.8 | | | (154.1 | ) | | 80.9 | | | (149.0 | ) |
|
Less: Net income attributable to noncontrolling interests | — | | | — | | | 1.6 | | | — | | | 1.6 | |
|
Net (loss) income attributable to common stockholders | $ | (150.6 | ) | | $ | 74.8 | | | $ | (155.7 | ) | | $ | 80.9 | | | $ | (150.6 | ) |
|
Unaudited Supplemental Condensed Consolidating Statements of Comprehensive Income |
|
| | | | | | | | | | | | | | | | | | | |
| Three Months Ended September 30, 2014 |
| Parent | | Guarantor | | Non-Guarantor | | Eliminations | | Consolidated |
Company | Subsidiaries | Subsidiaries |
| (Dollars in millions) |
Net (loss) income | $ | (150.6 | ) | | $ | 74.8 | | | $ | (154.1 | ) | | $ | 80.9 | | | $ | (149.0 | ) |
|
Other comprehensive (loss) income, net of income taxes | (207.6 | ) | | 2.7 | | | (6.7 | ) | | 4 | | | (207.6 | ) |
|
Comprehensive (loss) income | (358.2 | ) | | 77.5 | | | (160.8 | ) | | 84.9 | | | (356.6 | ) |
|
Less: Comprehensive income attributable to noncontrolling interests | — | | | — | | | 1.6 | | | — | | | 1.6 | |
|
Comprehensive (loss) income attributable to common stockholders | $ | (358.2 | ) | | $ | 77.5 | | | $ | (162.4 | ) | | $ | 84.9 | | | $ | (358.2 | ) |
|
Unaudited Supplemental Condensed Consolidating Statements of Operations |
|
| | | | | | | | | | | | | | | | | | | |
| Three Months Ended September 30, 2013 |
| Parent | | Guarantor | | Non-Guarantor | | Eliminations | | Consolidated |
Company | Subsidiaries | Subsidiaries |
| (Dollars in millions) |
Total revenues | $ | — | | | $ | 1,005.80 | | | $ | 823.8 | | | $ | (32.0 | ) | | $ | 1,797.60 | |
|
Costs and expenses | | | | | | | | | |
Operating costs and expenses (exclusive of items shown separately below) | (14.4 | ) | | 755.6 | | | 722.9 | | | (32.0 | ) | | 1,432.10 | |
|
Depreciation, depletion and amortization | — | | | 83 | | | 103.4 | | | — | | | 186.4 | |
|
Asset retirement obligation expenses | — | | | 4.8 | | | 8.6 | | | — | | | 13.4 | |
|
Selling and administrative expenses | 11.2 | | | 38.5 | | | 5.3 | | | — | | | 55 | |
|
Other operating (income) loss: | | | | | | | | | |
Net gain on disposal or exchange of assets | — | | | (4.0 | ) | | (0.1 | ) | | — | | | (4.1 | ) |
|
(Income) loss from equity affiliates and investment in subsidiaries | (98.0 | ) | | 2 | | | 0.6 | | | 98 | | | 2.6 | |
|
Interest expense | 113 | | | 88.2 | | | 22.6 | | | (112.8 | ) | | 111 | |
|
Interest income | (0.1 | ) | | (98.8 | ) | | (18.1 | ) | | 112.8 | | | (4.2 | ) |
|
Unrealized (gain) loss on derivatives | — | | | (19.7 | ) | | 19.7 | | | — | | | — | |
|
(Loss) income from continuing operations before income taxes | (11.7 | ) | | 156.2 | | | (41.1 | ) | | (98.0 | ) | | 5.4 | |
|
Income tax provision (benefit) | 10 | | | (32.2 | ) | | 3.6 | | | — | | | (18.6 | ) |
|
(Loss) income from continuing operations, net of income taxes | (21.7 | ) | | 188.4 | | | (44.7 | ) | | (98.0 | ) | | 24 | |
|
Loss from discontinued operations, net of income taxes | (4.4 | ) | | (1.8 | ) | | (36.9 | ) | | — | | | (43.1 | ) |
|
Net (loss) income | (26.1 | ) | | 186.6 | | | (81.6 | ) | | (98.0 | ) | | (19.1 | ) |
|
Less: Net income attributable to noncontrolling interests | — | | | — | | | 7 | | | — | | | 7 | |
|
Net (loss) income attributable to common stockholders | $ | (26.1 | ) | | $ | 186.6 | | | $ | (88.6 | ) | | $ | (98.0 | ) | | $ | (26.1 | ) |
|
Unaudited Supplemental Condensed Consolidating Statements of Comprehensive Income |
|
| | | | | | | | | | | | | | | | | | | |
| Three Months Ended September 30, 2013 |
| Parent | | Guarantor | | Non-Guarantor | | Eliminations | | Consolidated |
Company | Subsidiaries | Subsidiaries |
| (Dollars in millions) |
Net (loss) income | $ | (26.1 | ) | | $ | 186.6 | | | $ | (81.6 | ) | | $ | (98.0 | ) | | $ | (19.1 | ) |
|
Other comprehensive income (loss), net of income taxes | 14.1 | | | 14.2 | | | (36.4 | ) | | 22.2 | | | 14.1 | |
|
Comprehensive (loss) income | (12.0 | ) | | 200.8 | | | (118.0 | ) | | (75.8 | ) | | (5.0 | ) |
|
Less: Comprehensive loss attributable to noncontrolling interests | — | | | — | | | 7 | | | — | | | 7 | |
|
Comprehensive (loss) income attributable to common stockholders | $ | (12.0 | ) | | $ | 200.8 | | | $ | (125.0 | ) | | $ | (75.8 | ) | | $ | (12.0 | ) |
|
Unaudited Supplemental Condensed Consolidating Statements of Operations |
|
| | | | | | | | | | | | | | | | | | | |
| Nine Months Ended September 30, 2014 |
| Parent | | Guarantor | | Non-Guarantor | | Eliminations | | Consolidated |
Company | Subsidiaries | Subsidiaries |
| (Dollars in millions) |
Total revenues | $ | — | | | $ | 2,989.50 | | | $ | 2,177.30 | | | $ | (59.1 | ) | | $ | 5,107.70 | |
|
Costs and expenses | | | | | | | | | |
Operating costs and expenses (exclusive of items shown separately below) | 7.2 | | | 2,226.20 | | | 2,141.40 | | | (59.1 | ) | | 4,315.70 | |
|
Depreciation, depletion and amortization | — | | | 230.4 | | | 253.5 | | | — | | | 483.9 | |
|
Asset retirement obligation expenses | — | | | 22.1 | | | 24.4 | | | — | | | 46.5 | |
|
Selling and administrative expenses | 36.6 | | | 120.5 | | | 14.5 | | | — | | | 171.6 | |
|
Other operating (income) loss: | | | | | | | | | |
Net gain on disposal or exchange of assets | — | | | (16.3 | ) | | (9.6 | ) | | — | | | (25.9 | ) |
|
Loss from equity affiliates and investment in subsidiaries | 45.7 | | | 6.3 | | | 37.7 | | | (45.7 | ) | | 44 | |
|
Interest expense | 318.9 | | | 5 | | | 174.3 | | | (175.2 | ) | | 323 | |
|
Interest income | (0.2 | ) | | (7.3 | ) | | (179.4 | ) | | 175.2 | | | (11.7 | ) |
|
(Loss) income from continuing operations before income taxes | (408.2 | ) | | 402.6 | | | (279.5 | ) | | 45.7 | | | (239.4 | ) |
|
Income tax (benefit) provision | (134.1 | ) | | 122.8 | | | 42.2 | | | — | | | 30.9 | |
|
(Loss) income from continuing operations, net of income taxes | (274.1 | ) | | 279.8 | | | (321.7 | ) | | 45.7 | | | (270.3 | ) |
|
Income (loss) from discontinued operations, net of income taxes | 1.7 | | | (1.3 | ) | | 5.6 | | | — | | | 6 | |
|
Net (loss) income | (272.4 | ) | | 278.5 | | | (316.1 | ) | | 45.7 | | | (264.3 | ) |
|
Less: Net income attributable to noncontrolling interests | — | | | — | | | 8.1 | | | — | | | 8.1 | |
|
Net (loss) income attributable to common stockholders | $ | (272.4 | ) | | $ | 278.5 | | | $ | (324.2 | ) | | $ | 45.7 | | | $ | (272.4 | ) |
|
Unaudited Supplemental Condensed Consolidating Statements of Comprehensive Income |
|
| | | | | | | | | | | | | | | | | | | |
| Nine Months Ended September 30, 2014 |
| Parent | | Guarantor | | Non-Guarantor | | Eliminations | | Consolidated |
Company | Subsidiaries | Subsidiaries |
| (Dollars in millions) |
Net (loss) income | $ | (272.4 | ) | | $ | 278.5 | | | $ | (316.1 | ) | | $ | 45.7 | | | $ | (264.3 | ) |
|
Other comprehensive (loss) income, net of income taxes | (7.2 | ) | | 5.1 | | | (22.6 | ) | | 17.5 | | | (7.2 | ) |
|
Comprehensive (loss) income | (279.6 | ) | | 283.6 | | | (338.7 | ) | | 63.2 | | | (271.5 | ) |
|
Less: Comprehensive income attributable to noncontrolling interests | — | | | — | | | 8.1 | | | — | | | 8.1 | |
|
Comprehensive (loss) income attributable to common stockholders | $ | (279.6 | ) | | $ | 283.6 | | | $ | (346.8 | ) | | $ | 63.2 | | | $ | (279.6 | ) |
|
Unaudited Supplemental Condensed Consolidating Statements of Operations |
|
| | | | | | | | | | | | | | | | | | | |
| Nine Months Ended September 30, 2013 |
| Parent | | Guarantor | | Non-Guarantor | | Eliminations | | Consolidated |
Company | Subsidiaries | Subsidiaries |
| (Dollars in millions) |
Total revenues | $ | — | | | $ | 2,992.90 | | | $ | 2,438.80 | | | $ | (160.8 | ) | | $ | 5,270.90 | |
|
Costs and expenses | | | | | | | | | |
Operating costs and expenses (exclusive of items shown separately below) | (168.9 | ) | | 2,279.50 | | | 2,308.90 | | | (160.8 | ) | | 4,258.70 | |
|
Depreciation, depletion and amortization | — | | | 248.1 | | | 294.7 | | | — | | | 542.8 | |
|
Asset retirement obligation expenses | — | | | 26.6 | | | 24.1 | | | — | | | 50.7 | |
|
Selling and administrative expenses | 39.5 | | | 125.7 | | | 18.9 | | | — | | | 184.1 | |
|
Other operating (income) loss: | | | | | | | | | |
Net gain on disposal or exchange of assets | — | | | (49.8 | ) | | (0.1 | ) | | — | | | (49.9 | ) |
|
Asset impairment | 21.5 | | | — | | | — | | | — | | | 21.5 | |
|
(Income) loss from equity affiliates and investment in subsidiaries | (192.1 | ) | | 10.4 | | | 25.2 | | | 192.1 | | | 35.6 | |
|
Interest expense | 316.2 | | | 99.2 | | | 142.8 | | | (235.1 | ) | | 323.1 | |
|
Interest income | (68.3 | ) | | (138.5 | ) | | (39.5 | ) | | 235.1 | | | (11.2 | ) |
|
Unrealized loss (gain) on derivatives | — | | | 441.9 | | | (441.9 | ) | | — | | | — | |
|
Income (loss) from continuing operations before income taxes | 52.1 | | | (50.2 | ) | | 105.7 | | | (192.1 | ) | | (84.5 | ) |
|
Income tax provision (benefit) | 0.5 | | | (117.4 | ) | | (82.7 | ) | | — | | | (199.6 | ) |
|
Income (loss) from continuing operations, net of income taxes | 51.6 | | | 67.2 | | | 188.4 | | | (192.1 | ) | | 115.1 | |
|
Loss from discontinued operations, net of income taxes | (10.8 | ) | | (4.3 | ) | | (51.4 | ) | | — | | | (66.5 | ) |
|
Net income (loss) | 40.8 | | | 62.9 | | | 137 | | | (192.1 | ) | | 48.6 | |
|
Less: Net income attributable to noncontrolling interests | — | | | — | | | 7.8 | | | — | | | 7.8 | |
|
Net income (loss) attributable to common stockholders | $ | 40.8 | | | $ | 62.9 | | | $ | 129.2 | | | $ | (192.1 | ) | | $ | 40.8 | |
|
Unaudited Supplemental Condensed Consolidating Statements of Comprehensive Income |
|
| | | | | | | | | | | | | | | | | | | |
| Nine Months Ended September 30, 2013 |
| Parent | | Guarantor | | Non-Guarantor | | Eliminations | | Consolidated |
Company | Subsidiaries | Subsidiaries |
| (Dollars in millions) |
Net income (loss) | $ | 40.8 | | | $ | 62.9 | | | $ | 137 | | | $ | (192.1 | ) | | $ | 48.6 | |
|
Other comprehensive (loss) income, net of income taxes | (416.9 | ) | | 42.7 | | | (100.5 | ) | | 57.8 | | | (416.9 | ) |
|
Comprehensive (loss) income | (376.1 | ) | | 105.6 | | | 36.5 | | | (134.3 | ) | | (368.3 | ) |
|
Less: Comprehensive income attributable to noncontrolling interests | — | | | — | | | 7.8 | | | — | | | 7.8 | |
|
Comprehensive (loss) income attributable to common stockholders | $ | (376.1 | ) | | $ | 105.6 | | | $ | 28.7 | | | $ | (134.3 | ) | | $ | (376.1 | ) |
|
Unaudited Supplemental Condensed Consolidating Balance Sheets |
|
| | | | | | | | | | | | | | | | | | | |
| September 30, 2014 |
| Parent | | Guarantor | | Non-Guarantor | | Reclassifications/ | | Consolidated |
Company | Subsidiaries | Subsidiaries | Eliminations |
| (Dollars in millions) |
Assets | | | | | | | | | |
Current assets | | | | | | | | | |
Cash and cash equivalents | $ | 317.4 | | | $ | 0.2 | | | $ | 148.9 | | | $ | — | | | $ | 466.5 | |
|
Accounts receivable, net | 0.1 | | | — | | | 489.9 | | | — | | | 490 | |
|
Receivables from affiliates, net | 230.6 | | | — | | | — | | | (230.6 | ) | | — | |
|
Inventories | — | | | 211.6 | | | 279.3 | | | — | | | 490.9 | |
|
Assets from coal trading activities, net | — | | | 47 | | | 5.7 | | | — | | | 52.7 | |
|
Deferred income taxes | 34.7 | | | 62.2 | | | 10 | | | — | | | 106.9 | |
|
Other current assets | 0.4 | | | 60.1 | | | 263.9 | | | — | | | 324.4 | |
|
Total current assets | 583.2 | | | 381.1 | | | 1,197.70 | | | (230.6 | ) | | 1,931.40 | |
|
Property, plant, equipment and mine development, net | — | | | 4,931.70 | | | 5,719.40 | | | — | | | 10,651.10 | |
|
Deferred income taxes | — | | | 19.8 | | | — | | | (14.9 | ) | | 4.9 | |
|
Investments and other assets | 10,730.10 | | | 8 | | | 684.6 | | | (10,465.4 | ) | | 957.3 | |
|
Notes receivable from affiliates, net | — | | | 1,515.00 | | | — | | | (1,515.0 | ) | | — | |
|
Total assets | $ | 11,313.30 | | | $ | 6,855.60 | | | $ | 7,601.70 | | | $ | (12,225.9 | ) | | $ | 13,544.70 | |
|
Liabilities and Stockholders’ Equity | | | | | | | | | |
Current liabilities | | | | | | | | | |
Current maturities of long-term debt | $ | 12 | | | $ | 0.1 | | | $ | 9.3 | | | $ | — | | | $ | 21.4 | |
|
Payables to affiliates, net | — | | | 203.4 | | | 27.2 | | | (230.6 | ) | | — | |
|
Liabilities from coal trading activities, net | — | | | 9.8 | | | 12.6 | | | — | | | 22.4 | |
|
Accounts payable and accrued expenses | 382.1 | | | 616.9 | | | 657.5 | | | — | | | 1,656.50 | |
|
Total current liabilities | 394.1 | | | 830.2 | | | 706.6 | | | (230.6 | ) | | 1,700.30 | |
|
Long-term debt, less current maturities | 5,953.40 | | | 6.4 | | | 9.9 | | | — | | | 5,969.70 | |
|
Deferred income taxes | 27.7 | | | — | | | 3.2 | | | (14.9 | ) | | 16 | |
|
Notes payable to affiliates, net | 1,032.60 | | | — | | | 482.4 | | | (1,515.0 | ) | | — | |
|
Other noncurrent liabilities | 311.9 | | | 1,566.60 | | | 385.1 | | | — | | | 2,263.60 | |
|
Total liabilities | 7,719.70 | | | 2,403.20 | | | 1,587.20 | | | (1,760.5 | ) | | 9,949.60 | |
|
Peabody Energy Corporation stockholders’ equity | 3,593.60 | | | 4,452.40 | | | 6,013.00 | | | (10,465.4 | ) | | 3,593.60 | |
|
Noncontrolling interests | — | | | — | | | 1.5 | | | — | | | 1.5 | |
|
Total stockholders’ equity | 3,593.60 | | | 4,452.40 | | | 6,014.50 | | | (10,465.4 | ) | | 3,595.10 | |
|
Total liabilities and stockholders’ equity | $ | 11,313.30 | | | $ | 6,855.60 | | | $ | 7,601.70 | | | $ | (12,225.9 | ) | | $ | 13,544.70 | |
|
|
Supplemental Condensed Consolidating Balance Sheets |
|
| | | | | | | | | | | | | | | | | | | |
| December 31, 2013 |
| Parent | | Guarantor | | Non-Guarantor | | Reclassifications/ | | Consolidated |
Company | Subsidiaries | Subsidiaries | Eliminations |
| (Dollars in millions) |
Assets | | | | | | | | | |
Current assets | | | | | | | | | |
Cash and cash equivalents | $ | 300.7 | | | $ | 0.3 | | | $ | 143 | | | $ | — | | | $ | 444 | |
|
Accounts receivable, net | 1.3 | | | — | | | 559.1 | | | (2.5 | ) | | 557.9 | |
|
Receivables from affiliates, net | 22.8 | | | 35.2 | | | — | | | (58.0 | ) | | — | |
|
Inventories | — | | | 235.1 | | | 271.6 | | | — | | | 506.7 | |
|
Assets from coal trading activities, net | — | | | 46.7 | | | — | | | (10.6 | ) | | 36.1 | |
|
Deferred income taxes | — | | | 61.9 | | | 6.4 | | | (1.9 | ) | | 66.4 | |
|
Other current assets | 34.5 | | | 73.7 | | | 273.4 | | | — | | | 381.6 | |
|
Total current assets | 359.3 | | | 452.9 | | | 1,253.50 | | | (73.0 | ) | | 1,992.70 | |
|
Property, plant, equipment and mine development, net | — | | | 5,055.70 | | | 6,026.80 | | | — | | | 11,082.50 | |
|
Deferred income taxes | 16.5 | | | — | | | 7.8 | | | (16.5 | ) | | 7.8 | |
|
Investments and other assets | 11,394.90 | | | 8.8 | | | 762.6 | | | (11,115.9 | ) | | 1,050.40 | |
|
Notes receivable from affiliates, net | — | | | 1,433.00 | | | — | | | (1,433.0 | ) | | — | |
|
Total assets | $ | 11,770.70 | | | $ | 6,950.40 | | | $ | 8,050.70 | | | $ | (12,638.4 | ) | | $ | 14,133.40 | |
|
Liabilities and Stockholders’ Equity | | | | | | | | | |
Current liabilities | | | | | | | | | |
Current maturities of long-term debt | $ | 12 | | | $ | 0.1 | | | $ | 19.6 | | | $ | — | | | $ | 31.7 | |
|
Payables to affiliates, net | — | | | — | | | 58 | | | (58.0 | ) | | — | |
|
Deferred income taxes | 1.9 | | | — | | | — | | | (1.9 | ) | | — | |
|
Liabilities from coal trading activities, net | — | | | 0.2 | | | 16.5 | | | (10.6 | ) | | 6.1 | |
|
Accounts payable and accrued expenses | 360 | | | 577.7 | | | 802.5 | | | (2.5 | ) | | 1,737.70 | |
|
Total current liabilities | 373.9 | | | 578 | | | 896.6 | | | (73.0 | ) | | 1,775.50 | |
|
Long-term debt, less current maturities | 5,959.10 | | | 6.5 | | | 5.1 | | | — | | | 5,970.70 | |
|
Deferred income taxes | — | | | 55.9 | | | 1.5 | | | (16.5 | ) | | 40.9 | |
|
Notes payable to affiliates, net | 1,032.60 | | | — | | | 400.4 | | | (1,433.0 | ) | | — | |
|
Other noncurrent liabilities | 496.4 | | | 1,521.80 | | | 380.2 | | | — | | | 2,398.40 | |
|
Total liabilities | 7,862.00 | | | 2,162.20 | | | 1,683.80 | | | (1,522.5 | ) | | 10,185.50 | |
|
Peabody Energy Corporation stockholders’ equity | 3,908.70 | | | 4,788.20 | | | 6,327.70 | | | (11,115.9 | ) | | 3,908.70 | |
|
Noncontrolling interests | — | | | — | | | 39.2 | | | — | | | 39.2 | |
|
Total stockholders’ equity | 3,908.70 | | | 4,788.20 | | | 6,366.90 | | | (11,115.9 | ) | | 3,947.90 | |
|
Total liabilities and stockholders’ equity | $ | 11,770.70 | | | $ | 6,950.40 | | | $ | 8,050.70 | | | $ | (12,638.4 | ) | | $ | 14,133.40 | |
|
Unaudited Supplemental Condensed Consolidating Statements of Cash Flows |
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| Nine Months Ended September 30, 2014 | | | | |
| Parent | | Guarantor | | Non-Guarantor | | Consolidated | | | | |
Company | Subsidiaries | Subsidiaries | | | | |
| (Dollars in millions) | | | | |
Cash Flows From Operating Activities | | | | | | | | | | | |
Net cash (used in) provided by continuing operations | $ | (286.9 | ) | | $ | 634.2 | | | $ | (1.5 | ) | | $ | 345.8 | | | | | |
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Net cash used in discontinued operations | (72.1 | ) | | (3.6 | ) | | (20.0 | ) | | (95.7 | ) | | | | |
Net cash (used in) provided by operating activities | (359.0 | ) | | 630.6 | | | (21.5 | ) | | 250.1 | | | | | |
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Cash Flows From Investing Activities | | | | | | | | | | | |
Additions to property, plant, equipment and mine development | — | | | (57.8 | ) | | (49.7 | ) | | (107.5 | ) | | | | |
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Changes in accrued expenses related to capital expenditures | — | | | 0.9 | | | (23.7 | ) | | (22.8 | ) | | | | |
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Federal coal lease expenditures | — | | | (89.4 | ) | | — | | | (89.4 | ) | | | | |
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Proceeds from disposal of assets, net of notes receivable | — | | | 54.7 | | | 97.8 | | | 152.5 | | | | | |
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Purchases of debt securities | — | | | — | | | (6.0 | ) | | (6.0 | ) | | | | |
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Proceeds from sales and maturities of debt securities | — | | | — | | | 7.7 | | | 7.7 | | | | | |
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Contributions to joint ventures | — | | | — | | | (410.4 | ) | | (410.4 | ) | | | | |
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Distributions from joint ventures | — | | | — | | | 408.5 | | | 408.5 | | | | | |
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Advances to related parties | — | | | — | | | (19.7 | ) | | (19.7 | ) | | | | |
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Repayments of loans from related parties | — | | | — | | | 1.4 | | | 1.4 | | | | | |
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Other, net | — | | | (3.6 | ) | | (0.3 | ) | | (3.9 | ) | | | | |
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Net cash (used in) provided by investing activities | — | | | (95.2 | ) | | 5.6 | | | (89.6 | ) | | | | |
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Cash Flows From Financing Activities | | | | | | | | | | | | | | | |
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Repayments of long-term debt | (9.0 | ) | | (0.1 | ) | | (6.5 | ) | | (15.6 | ) | | | | |
Proceeds from long-term debt | — | | | — | | | 1.1 | | | 1.1 | | | | | |
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Payment of deferred financing costs | (10.1 | ) | | — | | | — | | | (10.1 | ) | | | | |
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Repurchase of employee common stock relinquished for tax withholding | (2.3 | ) | | — | | | — | | | (2.3 | ) | | | | |
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Dividends paid | (69.2 | ) | | — | | | — | | | (69.2 | ) | | | | |
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Restricted cash for distributions to noncontrolling interests | — | | | — | | | (42.5 | ) | | (42.5 | ) | | | | |
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Other, net | 5.5 | | | (1.6 | ) | | (3.3 | ) | | 0.6 | | | | | |
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Transactions with affiliates, net | 460.8 | | | (533.8 | ) | | 73 | | | — | | | | | |
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Net cash provided by (used in) financing activities | 375.7 | | | (535.5 | ) | | 21.8 | | | (138.0 | ) | | | | |
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Net change in cash and cash equivalents | 16.7 | | | (0.1 | ) | | 5.9 | | | 22.5 | | | | | |
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Cash and cash equivalents at beginning of period | 300.7 | | | 0.3 | | | 143 | | | 444 | | | | | |
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Cash and cash equivalents at end of period | $ | 317.4 | | | $ | 0.2 | | | $ | 148.9 | | | $ | 466.5 | | | | | |
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Unaudited Supplemental Condensed Consolidating Statements of Cash Flows |
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| Nine Months Ended September 30, 2013 | | | | |
| Parent | | Guarantor | | Non-Guarantor | | Consolidated | | | | |
Company | Subsidiaries | Subsidiaries | | | | |
| (Dollars in millions) | | | | |
Cash Flows From Operating Activities | | | | | | | | | | | |
Net cash provided by (used in) continuing operations | $ | 98.1 | | | $ | 687.4 | | | $ | (207.9 | ) | | $ | 577.6 | | | | | |
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Net cash used in discontinued operations | (14.3 | ) | | (0.3 | ) | | (19.0 | ) | | (33.6 | ) | | | | |
Net cash provided by (used in) operating activities | 83.8 | | | 687.1 | | | (226.9 | ) | | 544 | | | | | |
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Cash Flows From Investing Activities | | | | | | | | | | | |
Additions to property, plant, equipment and mine development | — | | | (65.1 | ) | | (163.6 | ) | | (228.7 | ) | | | | |
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Changes in accrued expenses related to capital expenditures | — | | | (2.4 | ) | | (100.2 | ) | | (102.6 | ) | | | | |
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Federal coal lease expenditures | — | | | (89.5 | ) | | — | | | (89.5 | ) | | | | |
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Proceeds from disposal of assets, net of notes receivable | — | | | 48.3 | | | 85 | | | 133.3 | | | | | |
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Purchases of debt securities | — | | | — | | | (9.9 | ) | | (9.9 | ) | | | | |
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Proceeds from sales and maturities of debt securities | — | | | — | | | 17.7 | | | 17.7 | | | | | |
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Proceeds from the maturity of short-term investments | — | | | — | | | 4.8 | | | 4.8 | | | | | |
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Contributions to joint ventures | — | | | — | | | (539.8 | ) | | (539.8 | ) | | | | |
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Distributions from joint ventures | — | | | — | | | 576.6 | | | 576.6 | | | | | |
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Advances to related parties | — | | | — | | | (39.5 | ) | | (39.5 | ) | | | | |
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Repayments of loans from related parties | — | | | — | | | 22.7 | | | 22.7 | | | | | |
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Other, net | — | | | (4.1 | ) | | (0.1 | ) | | (4.2 | ) | | | | |
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Net cash used in continuing operations | — | | | (112.8 | ) | | (146.3 | ) | | (259.1 | ) | | | | |
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Net cash used in discontinued operations | — | | | — | | | (1.0 | ) | | (1.0 | ) | | | | |
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Net cash used in investing activities | — | | | (112.8 | ) | | (147.3 | ) | | (260.1 | ) | | | | |
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Cash Flows From Financing Activities | | | | | | | | | | | |
Repayments of long-term debt | (1,331.3 | ) | | (0.1 | ) | | (52.6 | ) | | (1,384.0 | ) | | | | |
Proceeds from long-term debt | 1,188.00 | | | — | | | — | | | 1,188.00 | | | | | |
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Payment of debt issuance costs | (22.8 | ) | | — | | | — | | | (22.8 | ) | | | | |
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Repurchase of employee common stock relinquished for tax withholding | (2.9 | ) | | — | | | — | | | (2.9 | ) | | | | |
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Dividends paid | (68.8 | ) | | — | | | — | | | (68.8 | ) | | | | |
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Other, net | 6.7 | | | (1.7 | ) | | (5.9 | ) | | (0.9 | ) | | | | |
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Transactions with affiliates, net | 231.4 | | | (572.5 | ) | | 341.1 | | | — | | | | | |
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Net cash (used in) provided by financing activities | 0.3 | | | (574.3 | ) | | 282.6 | | | (291.4 | ) | | | | |
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Net change in cash and cash equivalents | 84.1 | | | — | | | (91.6 | ) | | (7.5 | ) | | | | |
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Cash and cash equivalents at beginning of period | 269.6 | | | 0.3 | | | 288.9 | | | 558.8 | | | | | |
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Cash and cash equivalents at end of period | $ | 353.7 | | | $ | 0.3 | | | $ | 197.3 | | | $ | 551.3 | | | | | |
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