Coronado Global Resources (CODQL) 10-Q 9 May 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2022	Apr. 30, 2022
Entity Information [Line Items]
Entity Registrant Name	Coronado Global Resources Inc.
Entity Central Index Key	0001770561
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Shell Company	false
Document Period End Date	Mar. 31, 2022
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		167,645,373
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Entity File Number	1-16247
Entity Tax Identification Number	83-1780608
Entity Incorporation State Country Code	DE
Entity Address Address Line1	Level 33, Central Plaza One
Entity Address Address Line 2	345 Queen Street
Entity Address City Or Town	Brisbane, Queensland
Entity Address Country	AU
Entity Address Postal Zip Code	4000
Country Region	61
City Area Code	7
Local Phone Number	3031 7777

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and restricted cash	$ 571,467	$ 437,931
Trade receivables, net	498,963	271,923
Inventories	132,759	118,922
Other current assets	50,727	47,647
Assets held for sale	27,019	27,023
Total current assets	1,280,935	903,446
Non-current assets:
Property, plant and equipment, net	1,425,579	1,397,363
Right of use asset - operating leases, net	10,304	13,656
Goodwill	28,008	28,008
Intangible assets, net	3,463	3,514
Restricted deposits	84,810	80,981
Deferred income tax assets	0	14,716
Other non-current assets	19,256	19,728
Total assets	2,852,355	2,461,412
Current liabilities:
Accounts payable	58,241	97,514
Accrued expenses and other current liabilities	332,959	270,942
Dividends payable	151,758	0
Income tax payable	88,614	25,612
Asset retirement obligations	9,597	9,414
Contract obligations	38,769	39,961
Lease liabilities	8,505	8,452
Other current financial liabilities	5,482	8,508
Liabilities held for sale	11,934	12,113
Total current liabilities	705,859	472,516
Non-current liabilities:
Asset retirement obligations	114,366	110,863
Contract obligations	138,364	141,188
Deferred consideration liability	244,943	230,492
Interest bearing liabilities	300,275	300,169
Other financial liabilities	13,176	13,822
Lease liabilities	10,836	12,894
Deferred income tax liabilities	82,757	75,750
Other non-current liabilities	28,918	26,216
Total liabilities	1,639,494	1,383,910
Common stock $0.01 par value; 1,000,000,000 shares authorized,167,645,373 shares issued and outstanding as of March 31, 2022 and December 31, 2021	1,677	1,677
Series A Preferred stock $0.01 par value; 100,000,000 shares authorized, 1 Share issued and outstanding as of March 31, 2022 and December 31, 2021	0	0
Additional paid-in capital	1,089,631	1,089,547
Accumulated other comprehensive losses	(27,970)	(44,228)
Retained earnings	149,523	30,506
Total stockholders' equity	1,212,861	1,077,502
Total liabilities and stockholders' equity	$ 2,852,355	$ 2,461,412

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Condensed Consolidated Balance Sheets [Abstract]
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	167,645,373	167,645,373
Common stock, shares outstanding (in shares)	167,645,373	167,645,373
Preferred stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	1	1
Preferred stock, shares outstanding (in shares)	1	1

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues:
Revenues	$ 947,125	$ 376,111
Costs and expenses:
Cost of coal revenues (exclusive of items shown separately below)	357,500	274,103
Depreciation, depletion and amortization	38,009	53,081
Freight expenses	59,264	52,141
Stanwell rebate	29,053	15,819
Other royalties	83,032	20,947
Selling, general, and administrative expenses	7,876	5,775
Total costs and expenses	574,734	421,866
Other (expense) income:
Interest expense, net	(17,332)	(15,135)
(Increase) decrease in provision for discounting and credit losses	(428)	3,778
Other, net	(2,790)	(2,928)
Total other expense, net	(20,550)	(14,285)
Income (loss) before tax	351,841	(60,040)
Income tax (expense) benefit	(81,943)	19,068
Net income (loss)	269,898	(40,972)
Less: Net loss attributable to noncontrolling interest	0	(2)
Net income (loss) attributable to Coronado Global Resources Inc.	269,898	(40,970)
Other comprehensive income, net of income taxes:
Foreign currency translation adjustment	16,258	(4,609)
Net (loss) gain on cash flow hedges, net of tax	0	4,926
Total other comprehensive income	16,258	317
Total comprehensive income (loss)	286,156	(40,655)
Less: Net loss attributable to noncontrolling interest	0	(2)
Total comprehensive income (loss) attributable to Coronado Global Resources Inc.	$ 286,156	$ (40,653)
Earnings (loss) per share of common stock
Basic	$ 1.61	$ (0.30)
Diluted	$ 1.61	$ (0.30)
Coal Revenues [Member]
Revenues:
Revenues	$ 936,628	$ 299,161
Coal Revenues From Related Parties [Member]
Revenues:
Revenues	0	68,041
Other Revenues [Member]
Revenues:
Revenues	$ 10,497	$ 8,909

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity - USD ($)	Total	Common Stock [Member]	Preferred Stock [Member]	Additional Paid in Capital [Member]	Accumulated Other Comprehensive Losses [Member]	(Accumulated losses) Retained earnings	Noncontrolling Interest [Member]
Balance, beginning of period at Dec. 31, 2020	$ 806,863,000	$ 1,384,000	$ 0	$ 993,052,000	$ (28,806,000)	$ (158,919,000)	$ 152,000
Balance, beginning of period, shares at Dec. 31, 2020		138,387,890	1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(40,972,000)	$ 0	$ 0	0	0	(40,970,000)	(2,000)
Other comprehensive income (loss)	317,000	0	0	0	317,000	0	0
Total comprehensive income (loss)	(40,655,000)	0	0	0	317,000	(40,970,000)	(2,000)
Share-based compensation for equity classified awards	(538,000)	0	0	(538,000)	0	0	0
Acquisition of noncontrolling interest	(853,000)	0	0	(703,000)	0	0	(150,000)
Balance, end of period at Mar. 31, 2021	764,817,000	$ 1,384,000	$ 0	991,811,000	(28,489,000)	(199,889,000)	0
Balance, end of period, shares at Mar. 31, 2021		138,387,890	1
Balance, beginning of period at Dec. 31, 2021	1,077,502,000	$ 1,677,000	$ 0	1,089,547,000	(44,228,000)	30,506,000	0
Balance, beginning of period, shares at Dec. 31, 2021		167,645,373	1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	269,898,000	$ 0	$ 0	0	0	269,898,000	0
Other comprehensive income (loss)	16,258,000	0	0	0	16,258,000	0	0
Total comprehensive income (loss)	286,156,000	0	0	0	16,258,000	269,898,000	0
Share-based compensation for equity classified awards	84,000	0	0	84,000	0	0	0
Dividends declared	(150,881,000)	0	0	0	0	(150,881,000)	0
Balance, end of period at Mar. 31, 2022	$ 1,212,861,000	$ 1,677,000	$ 0	$ 1,089,631,000	$ (27,970,000)	$ 149,523,000	$ 0
Balance, end of period, shares at Mar. 31, 2022		167,645,373	1

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Condensed Consolidated Statements of Stockholders' Equity [Abstract]
Other comprehensive income loss tax	$ 2,111

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net income (loss)	$ 269,898	$ (40,972)
Adjustments to reconcile net income to cash and restricted cash provided by operating activities:
Depreciation, depletion and amortization	38,009	53,081
Amortization of right of use asset - operating leases	3,401	2,246
Amortization of deferred financing costs	484	1,379
Non-cash interest expense	7,689	6,647
Amortization of contract obligations	(8,670)	(8,509)
Loss on disposal of property, plant and equipment	228	101
Equity-based compensation expense	84	(555)
Deferred income taxes	19,027	(18,437)
Reclamation of asset retirement obligations	(1,156)	(557)
Increase (decrease) in provision for discounting and credit losses	428	(3,778)
Changes in operating assets and liabilities:
Accounts receivable - including related party receivables	(226,983)	59,690
Inventories	(10,574)	(4,701)
Other current assets	3,160	2,255
Accounts payable	(34,488)	(19,849)
Accrued expenses and other current liabilities	54,967	(26,790)
Operating lease liabilities	(2,086)	(2,758)
Change in other liabilities	58,431	6,746
Net cash provided by operating activities	171,849	5,239
Cash flows from investing activities:
Capital expenditures	(37,768)	(28,604)
Purchase of restricted deposits	(3,548)	(4,550)
Redemption of restricted deposits	140	250
Net cash used in investing activities	(41,176)	(32,904)
Cash flows from financing activities:
Proceeds from interest bearing liabilities and other financial liabilities	0	53,489
Debt issuance costs and other financing costs	0	(1,266)
Principal payments on interest bearing liabilities and other financial liabilities	(4,773)	(38,110)
Principal payments on finance lease obligations	(21)	0
Premiums paid on early redemption of debt	(22)	0
Net cash (used in) provided by financing activities	(4,816)	14,113
Net increase (decrease) in cash and restricted cash	125,857	(13,552)
Effect of exchange rate changes on cash and restricted cash	7,679	1,516
Cash and restricted cash at beginning of period	437,931	45,736
Cash and restricted cash at end of period	571,467	33,700
Supplemental disclosure of cash flow information:
Cash payments for interest	677	7,111
Restricted cash	$ 251	$ 251

Description of Business, Basis

Description of Business, Basis of Presentation	3 Months Ended
	Mar. 31, 2022
Description of Business, Basis of Presentation [Abstract]
Description of Business, Basis of Presentation	1. Description of Business, Basis of Presentation (a) Description of the Business Coronado Global Resources Inc. is a global producer, marketer, and exporter of a full range of metallurgical coals, an essential element in the production of steel. The Company has a portfolio of operating mines and development projects in Queensland, Australia, and in the states of Pennsylvania, Virginia and West Virginia in the United States, or U.S. (b) Basis of Presentation The interim unaudited condensed consolidated financial statements have been prepared in accordance with the requirements of U.S. generally accepted accounting principles, or U.S. GAAP, and with the instructions to Form 10-Q and Article 10 of Regulation S-X related to interim financial reporting issued by the Securities and Exchange Commission, or the SEC. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K filed with the SEC and the Australian Securities Exchange, or the ASX, on February 22, 2022. The interim unaudited condensed consolidated financial statements are presented in U.S. dollars, unless otherwise stated. They include the accounts of Coronado Global Resources Inc., its wholly-owned subsidiaries and subsidiaries in which it has a controlling interest. References to “US$” or “USD” are references to U.S. dollars. References to “A$” or “AUD” are references to Australian dollars, the lawful currency of the Commonwealth of Australia. The “Company” and “Coronado” are used interchangeably to refer to Coronado Global Resources Inc. and its subsidiaries, collectively, or to Coronado Global Resources Inc., as appropriate to the context. Interests in subsidiaries controlled by the Company are consolidated with any outside stockholder interests reflected as noncontrolling interests. All intercompany balances and transactions have been eliminated upon consolidation. In the opinion of management, these interim financial statements reflect all normal, recurring adjustments necessary for the fair presentation of the Company’s financial position, results of operations, comprehensive income, cash flows and changes in equity for the periods presented. Balance sheet information presented herein as of December 31, 2021 has been derived from the Company’s audited consolidated balance sheet at that date. The Company’s results of operations for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for future quarters or for the year ending December 31, 2022.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Please see Note 2 “Summary of Significant Accounting Policies” contained in the audited consolidated financial statements for the year ended December 31, 2021 included in Coronado Global Resources Inc.’s Annual Report on Form 10-K filed with the SEC and ASX on February 22, 2022. (a) Newly Adopted Accounting Standards During the period there has been no new Accounting Standards Update issued by the Financial Accounting Standards Board that had material impact on the Company’s consolidated financial statements.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2022
Segment Information [Abstract]
Segment Information	3. Segment Information The Company has a portfolio of operating mines and development projects in Queensland, Australia, and in the states of Pennsylvania, Virginia and West Virginia in the U.S. The operations in Australia, or Australian Operations, comprise the 100%-owned Curragh producing mine complex. The operations in the United States, or U.S. Operations, comprise two 100%-owned producing mine complexes (Buchanan and Logan), one 100%-owned idled mine complex (Greenbrier) and two development properties (Mon Valley and Russell County). The Company operates its business along two reportable segments: Australia and the United States. The organization of the two reportable segments reflects how the Company’s chief operating decision maker, or CODM, manages and allocates resources to the various components of the Company’s business. The CODM uses Adjusted EBITDA as the primary metric to measure each segment’s operating performance. Adjusted EBITDA is not a measure of financial performance in accordance with U.S. GAAP. Investors should be aware that the Company’s presentation of Adjusted EBITDA may not be comparable to similarly titled financial measures used by other companies. Adjusted EBITDA is defined as earnings before interest, taxes, depreciation, depletion and amortization and other foreign exchange losses. Adjusted EBITDA is also adjusted for certain discrete items that management exclude in analyzing each of the Company’s segments’ operating performance. “Other and corporate” relates to additional financial information for the corporate function such as accounting, treasury, legal, human resources, compliance, and tax. As such, the corporate function is not determined to be a reportable segment but is discretely disclosed for purposes of reconciliation to the Company’s condensed consolidated financial statements. Reportable segment results as of and for the three months ended March 31, 2022 and 2021 are presented below: Australia United States Other and Corporate Total (in US$ thousands) Three months ended March 31, 2022 Total revenues $ 605,298 $ 341,827 $ — $ 947,125 Adjusted EBITDA 238,968 179,899 ( 7,880) 410,987 Net income/(loss) 150,147 122,968 ( 3,217) 269,898 Total assets 1,371,294 976,326 504,735 2,852,355 Capital expenditures 15,962 23,749 92 39,803 Three months ended March 31, 2021 Total revenues $ 238,293 $ 137,818 $ — $ 376,111 Adjusted EBITDA ( 23,059) 36,530 ( 5,830) 7,641 Net (loss) income ( 42,331) 10,391 ( 9,032) ( 40,972) Total assets 1,082,586 855,527 117,616 2,055,729 Capital expenditures 7,032 14,538 1,034 22,604 The reconciliations of Adjusted EBITDA to net income attributable to the Company for the three months ended March 31, 2022 and 2021 are as follows: Three months ended March 31, 2022 2021 (in US$ thousands) Net income (loss) $ 269,898 $ ( 40,972) Depreciation, depletion and amortization 38,009 53,081 Interest expense (net of income) 17,332 15,135 Other foreign exchange losses 1,991 1,749 Income tax expense (benefit) 81,943 ( 19,068) Losses on idled assets held for sale (1) 1,386 1,494 Increase (decrease) in provision for discounting and credit losses 428 ( 3,778) Consolidated Adjusted EBITDA $ 410,987 $ 7,641 (1) The reconciliations of capital expenditures per the Company’s segment information to capital expenditures disclosed on the unaudited Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2022 and 2021 are as follows: Three months ended March 31, 2022 2021 (in US$ thousands) Capital expenditures per Condensed Consolidated Statements of Cash Flows $ 37,768 $ 28,604 Accruals for capital expenditures 9,510 — Payment for capital acquired in prior periods ( 7,475) ( 6,000) Capital expenditures per segment detail $ 39,803 $ 22,604 Disaggregation of Revenue The Company disaggregates the revenue from contracts with customers by major product group for each of the Company’s reportable segments, as the Company believes it best depicts the nature, amount, timing and uncertainty of revenues and cash flows. All revenue is recognized at a point in time. Three months ended March 31, 2022 Australia United States Total (in US$ thousands) Product Groups: Metallurgical coal $ 554,009 $ 337,720 $ 891,729 Thermal coal 42,289 2,610 44,899 Total coal revenue 596,298 340,330 936,628 Other (1) 9,000 1,497 10,497 Total $ 605,298 $ 341,827 $ 947,125 Three months ended March 31, 2021 Australia United States Total (in US$ thousands) Product Groups: Metallurgical coal $ 206,452 $ 136,984 $ 343,436 Thermal coal 22,998 768 23,766 Total coal revenue 229,450 137,752 367,202 Other (1) 8,843 66 8,909 Total $ 238,293 $ 137,818 $ 376,111 (1) Other revenue for the Australian segment includes the amortization of the Stanwell non-market coal supply contract obligation liability.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2022
Inventories [Abstract]
Inventories	4. Inventories (in US$ thousands) March 31, 2022 December 31, Raw coal $ 12,829 $ 17,334 Saleable coal 58,687 42,006 Total coal inventories 71,516 59,340 Supplies inventory 61,243 59,582 Total inventories $ 132,759 $ 118,922 Coal inventories measured at its net realizable value were $ 4.0 million and $ 2.2 million at March 31, 2022 and December 31, 2021, respectively, and relates to coal designated for deliveries under the Stanwell non-market coal supply agreement.

Property, Plant and Equipment

Property, Plant and Equipment	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	5. Property, Plant and Equipment (in US$ thousands) March 31, 2022 December 31, Land $ 28,286 $ 27,853 Buildings and improvements 90,569 88,079 Plant, machinery, mining equipment and transportation vehicles 987,523 963,272 Mineral rights and reserves 374,326 374,326 Office and computer equipment 8,908 8,718 Mine development 583,828 566,201 Asset retirement obligation asset 75,498 75,215 Construction in process 62,746 42,055 2,211,684 2,145,719 Less accumulated depreciation, depletion and amortization 786,105 748,356 Net property, plant and equipment $ 1,425,579 $ 1,397,363

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	3 Months Ended
	Mar. 31, 2022
Accrued Expenses and Other Current Liabilities [Abstract]
Accrued Expenses and Other Current Liabilities	6. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consist of the following: (in US$ thousands) March 31, 2022 December 31, Wages and employee benefits $ 44,336 $ 41,187 Taxes other than income taxes 7,817 6,246 Accrued royalties 107,144 70,237 Accrued freight costs 35,341 27,754 Accrued mining fees 79,917 65,835 Acquisition related accruals 32,173 31,201 Other liabilities 26,231 28,482 Total accrued expenses and other current liabilities $ 332,959 $ 270,942 Included within acquisition related accruals is an amount outstanding for stamp duty payable on the Curragh acquisition of $ 32.2 million (A$ 43.0 million). This amount was outstanding as at March 31, 2022 and December 31, 2021 pending assessment by the Office of State Revenue in Queensland, Australia.

Dividends Payable

Dividends Payable	3 Months Ended
	Mar. 31, 2022
Dividends Payable [Abstract]
Dividends Payable [Text Block]	7. Dividends Payable On February 24, 2022, the Company’s Board declared an unfranked ordinary dividend of 9.0 cents March 17, 2022. The dividend had a record date of March 18, 2022 and was paid on April 8, 2022.

Interest Bearing Liabilities

Interest Bearing Liabilities	3 Months Ended
	Mar. 31, 2022
Interest Bearing Liabilities [Abstract]
Interest Bearing Liabilities	8. Interest Bearing Liabilities The following is a summary of interest-bearing liabilities at March 31, 2022: (in US$ thousands) March 31, 2022 December 31, 2021 Weighted Average Interest Rate at March 31, 2022 Final Maturity 10.75% Senior Secured Notes $ 314,453 $ 315,000 12.14% (2) 2026 ABL Facility — — 2024 Discount and debt issuance costs (1) ( 14,178) ( 14,831) Total interest bearing liabilities $ 300,275 $ 300,169 (1) (2) Senior Secured Notes As of March 31, 2022, the Company’s $ 350.0 million aggregate principal amount of 10.750% Senior Secured Notes due 2026, or the Notes, outstanding amount was $ 314.5 million. The Notes mature on May 15, 2026 and are senior secured obligations of the Company. The terms of the Notes are governed by the Indenture. The Indenture contains customary covenants for high yield bonds, including, but not limited to, limitations on investments, liens, indebtedness, asset sales, transactions with affiliates and restricted payments, including payment of dividends on capital stock. As of March 31, 2022, the Company was in compliance with all applicable covenants under the Indenture. In connection with the dividend declared on February 24, 2022, the Company offered to purchase up to $ 100.0 million aggregate principal amount of the Notes pursuant to the terms of the Indenture. On March 30, 2022, pursuant to the offer to purchase, the Company purchased an aggregate principal amount of $ 0.5 million at a price equal to 104% of the principal amount of the Notes, plus accrued and unpaid interest on the Notes to, but not including, the date of redemption. Debt issuance costs, recorded as a direct deduction from the face amount of the Notes, were $ 14.2 million and $ 14.8 million at March 31, 2022 and December 31, 2021, respectively. ABL Facility On May 12, 2021, the Company entered into a senior secured asset-based revolving credit agreement in an initial principal amount of $ 100.0 million, or the ABL Facility, including a $ 30.0 million sublimit for the issuance of letters of credit and $ 5.0 million for swingline loans, at any time outstanding, subject to borrowing base availability. The ABL Facility matures on May 12, 2024. Borrowings under the ABL Facility bear interest at a rate equal to a BBSY rate plus an applicable margin. In addition to paying interest on the outstanding borrowings under the ABL Facility, the Company is also required to pay a fee in respect of unutilized commitments, on amounts available to be drawn under outstanding letters of credit and certain administrative fees. As at March 31, 2022, no amounts were drawn and no letters of credit were outstanding under the ABL Facility . At March 31, 2022, the Company was in compliance with all applicable covenants under the ABL Facility. Debt issuance costs, recorded as “Other non-current assets” in the unaudited Consolidated Balance sheet, were $ 3.8 million and $ 4.3 million at March 31, 2022 and December 31, 2021, respectively .

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Taxes [Abstract]
Income Taxes [Text Block]	9. Income Taxes For the three months ended March 31, 2022 and 2021, the Company estimated its annual effective tax rate and applied this effective tax rate to its year-to-date pretax income at the end of the interim reporting period. The tax effects of unusual or infrequently occurring items, including effects of changes in tax laws or rates and changes in judgment about the realizability of deferred tax assets, are reported in the interim period in which they occur. The Company’s 2022 estimated annual effective tax rate is 23.3%, which has been favorably impacted by mine depletion deductions in the United States. The Company had an income tax expense of $ 81.9 million based on an income before tax of $ 351.8 million for the three months ended March 31, 2022. Income tax benefit of $ 19.1 million for the three months ended March 31, 2021 was calculated based on an estimated annual effective tax rate of 31.8% for the period. The Company utilizes the “more likely than not” standard in recognizing a tax benefit in its financial statements. For the three months ended March 31, 2021, the Company had no unrecognized tax benefits. If accrual for interest or penalties is required, it is the Company’s policy to include these as a component of income tax expense. The Company is subject to taxation in the U.S. and its various states, as well as Australia and its various localities. In the U.S. and Australia, the first tax return was lodged for the year ended December 31, 2018. In the U.S., companies are subject to open tax audits for a period of seven years at the federal level and five years at the state level. In Australia, companies are subject to open tax audits for a period of four years from the date of assessment. The Company assessed the need for a valuation allowance by evaluating future taxable income, available for tax strategies and the reversal of temporary tax differences. At December 31, 2021, the Australian Operations had tax losses carried forward of $ 27.0 million (tax effected), which are indefinite lived and included in deferred tax assets. In addition, a company, which is not part of the Australian tax consolidated group, had tax losses carried forward of $ 8.1 million (tax effected) for which a full valuation allowance has been recognized.

Earnings per Share

Earnings per Share	3 Months Ended
	Mar. 31, 2022
Earnings per Share [Abstract]
Earnings per Share	10. Earnings per Share Basic earnings per share of common stock is computed by dividing net income attributable to the Company for the period, by the weighted-average number of shares of common stock outstanding during the same period. Diluted earnings per share of common stock is computed by dividing net income attributable to the Company by the weighted-average number of shares of common stock outstanding adjusted to give effect to potentially dilutive securities. Basic and diluted earnings per share was calculated as follows (in thousands, except per share data): Three months ended March 31, (in US$ thousands, except per share data) 2022 2021 Numerator: Net income (loss) $ 269,898 $ ( 40,972) Less: Net income (loss) attributable to Non-controlling interest — ( 2) Net income (loss) attributable to Company stockholders $ 269,898 $ ( 40,970) Denominator (in thousands): Weighted-average shares of common stock outstanding 167,645 138,388 Effects of dilutive shares 88 - Weighted average diluted shares of common stock outstanding 167,733 138,388 Earnings (Loss) Per Share (US$): Basic 1.61 ( 0.30) Dilutive 1.61 ( 0.30)

Derivatives and Fair Value Meas

Derivatives and Fair Value Measurement	3 Months Ended
	Mar. 31, 2022
Derivatives and Fair Value Measurement [Abstract]
Derivatives and Fair Value Measurement	11. Fair Value Measurement The fair value of a financial instrument is the amount that will be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair values of financial instruments involve uncertainty and cannot be determined with precision. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. The Company determines fair value based on assumptions that market participants would use in pricing an asset or liability in the market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels: Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date. Level 2 Inputs: Other than quoted prices that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at measurement date. Financial Instruments Measured on a Recurring Basis As of March 31, 2022, there were no financial instruments required to be measured at fair value on a recurring basis. Other Financial Instruments The following methods and assumptions are used to estimate the fair value of other financial instruments as of March 31, 2022 and December 31, 2021:  Cash and restricted cash, accounts receivable, accounts payable, accrued expenses, lease liabilities and other current financial liabilities: The carrying amounts reported in the unaudited Condensed Consolidated Balance Sheets approximate fair value due to the short maturity of these instruments.  Restricted deposits, lease liabilities, interest bearing liabilities and other financial liabilities: The fair values approximate the carrying values reported in the unaudited Condensed Consolidated Balance Sheets.  Interest bearing liabilities: The Company’s outstanding interest-bearing liabilities are carried at amortized cost. As of March 31, 2022, there were no borrowings outstanding under the ABL Facility. The estimated fair value of the Notes is approximately $ 334.9 million based upon observable market data (Level 2).

Accumulated Other Comprehensive

Accumulated Other Comprehensive Losses	3 Months Ended
	Mar. 31, 2022
Accumulated Other Comprehensive Losses [Abstract]
Accumulated Other Comprehensive Income	12. Accumulated Other Comprehensive Losses Accumulated other comprehensive losses consisted of the following at March 31, 2022: (in US$ thousands) Foreign currency translation adjustments Balance at December 31, 2021 $ ( 44,228) Net current-period other comprehensive income (loss): Gain in other comprehensive income (loss) before reclassifications 3,671 Gain on long-term intra-entity foreign currency transactions 12,587 Total net current-period other comprehensive gain 16,258 Balance at March 31, 2022 $ ( 27,970)

Commitments

Commitments	3 Months Ended
	Mar. 31, 2022
Commitments [Abstract]
Commitments	13. Commitments (a) Mineral Leases The Company leases mineral interests and surface rights from land owners under various terms and royalty rates. The future minimum royalties under these leases are as follows: (in US$ thousands) Amount Year ending December 31, 2022 $ 5,265 2023 5,145 2024 5,056 2025 4,893 2026 4,813 Thereafter 24,695 Total $ 49,867 Mineral leases are not in scope of ASC 842 and continue to be accounted for under the guidance in ASC 932, Extractive Activities – Mining. (b) Other commitments As of March 31, 2022, purchase commitments for capital expenditures were $ 26.2 million, all of which is obligated within the next twelve months. In Australia, the Company has generally secured the ability to transport coal through rail contracts and coal export terminal contracts that are primarily funded through take-or-pay arrangements with terms ranging up to 9 years. In the U.S., the Company typically negotiates its rail and coal terminal access on an annual basis. As of March 31, 2022, these Australian and U.S. commitments under take-or-pay arrangements totaled $ 1.1 billion, of which approximately $ 89.5 million is obligated within the next twelve months.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2022
Contingencies [Abstract]
Contingencies	14. Contingencies In the normal course of business, the Company is a party to certain guarantees and financial instruments with off-balance sheet risk, such as letters of credit and performance or surety bonds. No liabilities related to these arrangements are reflected in the Company’s unaudited Condensed Consolidated Balance Sheets. Management does not expect any material losses to result from these guarantees or off-balance sheet financial instruments. At March 31, 2022, the Company had outstanding bank guarantees of $ 46.1 million to secure various obligations and commitments. Restricted deposits represent cash deposits held at third parties as required by certain agreements entered into by the Company to provide cash collateral. The Company had cash collateral in the form of deposits in the amount of $ 84.8 million and $ 81.0 million as of March 31, 2022 and December 31, 2021, respectively, to provide back-to-back support for bank guarantees, financial payments and other performance obligations and various other operating agreements. These deposits are restricted and classified as long-term assets in the unaudited Condensed Consolidated Balance Sheets. In accordance with the terms of the ABL Facility, the Company may be required to cash collateralize the ABL Facility to the extent of outstanding letters of credit after the expiration or termination date of such letter of credit. As of March 31, 2022, no letter of credit was outstanding and no cash collateral was required. For the U.S. Operations in order to provide the required financial assurance, the Company generally uses surety bonds for post-mining reclamation. The Company can also use bank letters of credit to collateralize certain obligations. As of March 31, 2022, the Company had outstanding surety bonds of $ 29.6 million and letters of credit of $ 16.8 million issued from our available bank guarantees, to secure various obligations and commitments. Future regulatory changes relating to these obligations could result in increase obligations, additional costs or additional collateral requirements. From time to time, the Company becomes a party to other legal proceedings in the ordinary course of business in Australia, the U.S. and other countries where the Company does business. Based on current information, the Company believes that such other pending or threatened proceedings are likely to be resolved without a material adverse effect on its financial condition, results of operations or cash flows. In management’s opinion, the Company is not currently involved in any legal proceedings, which individually or in the aggregate could have a material effect on the financial condition, results of operations and/or liquidity of the Company.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	15. Subsequent Events On May 9, 2022, the Company’s Board of Directors declared a special unfranked dividend of $ 99.5 million, or 5.9 100.6 million, or 6.0 May 31, 2022 and be payable on June 21, 2022. The total special dividends of $ 200.0 million will be funded from available cash. In connection with the declared special dividend, Coronado Finance Pty Ltd, a wholly-owned subsidiary of the Company offered to purchase up to $ 100.6 million aggregate principal amount of the Notes at a purchase price equal to 104% of the principal amount of the Notes pursuant to the terms of the Indenture. The payment of the special dividend is not contingent on acceptance of the offer to purchase the Notes by the Note holders.

Description of Business, Basi_2

Description of Business, Basis of Presentation (Policy)	3 Months Ended
	Mar. 31, 2022
Description of Business, Basis of Presentation [Abstract]
Description of the Business	(a) Description of the Business Coronado Global Resources Inc. is a global producer, marketer, and exporter of a full range of metallurgical coals, an essential element in the production of steel. The Company has a portfolio of operating mines and development projects in Queensland, Australia, and in the states of Pennsylvania, Virginia and West Virginia in the United States, or U.S.
Basis of Presentation	(b) Basis of Presentation The interim unaudited condensed consolidated financial statements have been prepared in accordance with the requirements of U.S. generally accepted accounting principles, or U.S. GAAP, and with the instructions to Form 10-Q and Article 10 of Regulation S-X related to interim financial reporting issued by the Securities and Exchange Commission, or the SEC. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K filed with the SEC and the Australian Securities Exchange, or the ASX, on February 22, 2022. The interim unaudited condensed consolidated financial statements are presented in U.S. dollars, unless otherwise stated. They include the accounts of Coronado Global Resources Inc., its wholly-owned subsidiaries and subsidiaries in which it has a controlling interest. References to “US$” or “USD” are references to U.S. dollars. References to “A$” or “AUD” are references to Australian dollars, the lawful currency of the Commonwealth of Australia. The “Company” and “Coronado” are used interchangeably to refer to Coronado Global Resources Inc. and its subsidiaries, collectively, or to Coronado Global Resources Inc., as appropriate to the context. Interests in subsidiaries controlled by the Company are consolidated with any outside stockholder interests reflected as noncontrolling interests. All intercompany balances and transactions have been eliminated upon consolidation. In the opinion of management, these interim financial statements reflect all normal, recurring adjustments necessary for the fair presentation of the Company’s financial position, results of operations, comprehensive income, cash flows and changes in equity for the periods presented. Balance sheet information presented herein as of December 31, 2021 has been derived from the Company’s audited consolidated balance sheet at that date. The Company’s results of operations for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for future quarters or for the year ending December 31, 2022.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policy)	3 Months Ended
	Mar. 31, 2022
Summary of Significant Accounting Policies [Abstract]
Newly Adopted Accounting Standards	(a) Newly Adopted Accounting Standards During the period there has been no new Accounting Standards Update issued by the Financial Accounting Standards Board that had material impact on the Company’s consolidated financial statements.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Information [Abstract]
Reportable Segment Results	Australia United States Other and Corporate Total (in US$ thousands) Three months ended March 31, 2022 Total revenues $ 605,298 $ 341,827 $ — $ 947,125 Adjusted EBITDA 238,968 179,899 ( 7,880) 410,987 Net income/(loss) 150,147 122,968 ( 3,217) 269,898 Total assets 1,371,294 976,326 504,735 2,852,355 Capital expenditures 15,962 23,749 92 39,803 Three months ended March 31, 2021 Total revenues $ 238,293 $ 137,818 $ — $ 376,111 Adjusted EBITDA ( 23,059) 36,530 ( 5,830) 7,641 Net (loss) income ( 42,331) 10,391 ( 9,032) ( 40,972) Total assets 1,082,586 855,527 117,616 2,055,729 Capital expenditures 7,032 14,538 1,034 22,604
Reconciliation of EBITDA to Net Income	Three months ended March 31, 2022 2021 (in US$ thousands) Net income (loss) $ 269,898 $ ( 40,972) Depreciation, depletion and amortization 38,009 53,081 Interest expense (net of income) 17,332 15,135 Other foreign exchange losses 1,991 1,749 Income tax expense (benefit) 81,943 ( 19,068) Losses on idled assets held for sale (1) 1,386 1,494 Increase (decrease) in provision for discounting and credit losses 428 ( 3,778) Consolidated Adjusted EBITDA $ 410,987 $ 7,641 (1)
Reconciliation of Capital Expenditures	Three months ended March 31, 2022 2021 (in US$ thousands) Capital expenditures per Condensed Consolidated Statements of Cash Flows $ 37,768 $ 28,604 Accruals for capital expenditures 9,510 — Payment for capital acquired in prior periods ( 7,475) ( 6,000) Capital expenditures per segment detail $ 39,803 $ 22,604
Disaggregation of Revenue	Three months ended March 31, 2022 Australia United States Total (in US$ thousands) Product Groups: Metallurgical coal $ 554,009 $ 337,720 $ 891,729 Thermal coal 42,289 2,610 44,899 Total coal revenue 596,298 340,330 936,628 Other (1) 9,000 1,497 10,497 Total $ 605,298 $ 341,827 $ 947,125 Three months ended March 31, 2021 Australia United States Total (in US$ thousands) Product Groups: Metallurgical coal $ 206,452 $ 136,984 $ 343,436 Thermal coal 22,998 768 23,766 Total coal revenue 229,450 137,752 367,202 Other (1) 8,843 66 8,909 Total $ 238,293 $ 137,818 $ 376,111 (1) Other revenue for the Australian segment includes the amortization of the Stanwell non-market coal supply contract obligation liability.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2022
Inventories [Abstract]
Schedule of Inventories	(in US$ thousands) March 31, 2022 December 31, Raw coal $ 12,829 $ 17,334 Saleable coal 58,687 42,006 Total coal inventories 71,516 59,340 Supplies inventory 61,243 59,582 Total inventories $ 132,759 $ 118,922

Property, Plant, and Equipment

Property, Plant, and Equipment (Tables)	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	(in US$ thousands) March 31, 2022 December 31, Land $ 28,286 $ 27,853 Buildings and improvements 90,569 88,079 Plant, machinery, mining equipment and transportation vehicles 987,523 963,272 Mineral rights and reserves 374,326 374,326 Office and computer equipment 8,908 8,718 Mine development 583,828 566,201 Asset retirement obligation asset 75,498 75,215 Construction in process 62,746 42,055 2,211,684 2,145,719 Less accumulated depreciation, depletion and amortization 786,105 748,356 Net property, plant and equipment $ 1,425,579 $ 1,397,363

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	3 Months Ended
	Mar. 31, 2022
Accrued Expenses and Other Current Liabilities [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	(in US$ thousands) March 31, 2022 December 31, Wages and employee benefits $ 44,336 $ 41,187 Taxes other than income taxes 7,817 6,246 Accrued royalties 107,144 70,237 Accrued freight costs 35,341 27,754 Accrued mining fees 79,917 65,835 Acquisition related accruals 32,173 31,201 Other liabilities 26,231 28,482 Total accrued expenses and other current liabilities $ 332,959 $ 270,942

Interest Bearing Liabilities (T

Interest Bearing Liabilities (Tables)	3 Months Ended
	Mar. 31, 2022
Interest Bearing Liabilities [Abstract]
Summary of Interest Bearing Liabilities	The following is a summary of interest-bearing liabilities at March 31, 2022: (in US$ thousands) March 31, 2022 December 31, 2021 Weighted Average Interest Rate at March 31, 2022 Final Maturity 10.75% Senior Secured Notes $ 314,453 $ 315,000 12.14% (2) 2026 ABL Facility — — 2024 Discount and debt issuance costs (1) ( 14,178) ( 14,831) Total interest bearing liabilities $ 300,275 $ 300,169 (1) (2)

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings per Share [Abstract]
Schedule of Earnings Per Share	Basic and diluted earnings per share was calculated as follows (in thousands, except per share data): Three months ended March 31, (in US$ thousands, except per share data) 2022 2021 Numerator: Net income (loss) $ 269,898 $ ( 40,972) Less: Net income (loss) attributable to Non-controlling interest — ( 2) Net income (loss) attributable to Company stockholders $ 269,898 $ ( 40,970) Denominator (in thousands): Weighted-average shares of common stock outstanding 167,645 138,388 Effects of dilutive shares 88 - Weighted average diluted shares of common stock outstanding 167,733 138,388 Earnings (Loss) Per Share (US$): Basic 1.61 ( 0.30) Dilutive 1.61 ( 0.30)

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Losses (Tables)	3 Months Ended
	Mar. 31, 2022
Accumulated Other Comprehensive Losses [Abstract]
Schedule of Accumulated Other Comprehensive Losses	(in US$ thousands) Foreign currency translation adjustments Balance at December 31, 2021 $ ( 44,228) Net current-period other comprehensive income (loss): Gain in other comprehensive income (loss) before reclassifications 3,671 Gain on long-term intra-entity foreign currency transactions 12,587 Total net current-period other comprehensive gain 16,258 Balance at March 31, 2022 $ ( 27,970)

Commitments (Tables)

Commitments (Tables)	3 Months Ended
	Mar. 31, 2022
Commitments [Abstract]
Future Minimum Royalties	(in US$ thousands) Amount Year ending December 31, 2022 $ 5,265 2023 5,145 2024 5,056 2025 4,893 2026 4,813 Thereafter 24,695 Total $ 49,867 Mineral leases are not in scope of ASC 842 and continue to be accounted for under the guidance in ASC 932, Extractive Activities – Mining.

Segment Information (Narrative)

Segment Information (Narrative) (Details)	3 Months Ended
	Mar. 31, 2022segmentProperties
Segment Reporting Information [Line Items]
Number of reportable segments | segment	2
United States Segment [Member] | Producing mine complexes, Buchanan and Logan [Member]
Segment Reporting Information [Line Items]
Portfolio of operating mines and development projects (number)	2
United States Segment [Member] | Idled mine complex (Greenbrier) [Member]
Segment Reporting Information [Line Items]
Portfolio of operating mines and development projects (number)	1
United States Segment [Member] | Development properties, Mon Valley and Russell County [Member]
Segment Reporting Information [Line Items]
Portfolio of operating mines and development projects (number)	2

Segment Information (Reportable

Segment Information (Reportable Segment Results) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Reportable segment results
Total revenues	$ 947,125	$ 376,111
Adjusted EBITDA	410,987	7,641
Net income (loss)	269,898	(40,972)
Total assets	2,852,355	2,055,729	$ 2,461,412
Capital expenditures	39,803	22,604
Other and Corporate [Member]
Reportable segment results
Adjusted EBITDA	(7,880)	(5,830)
Net income (loss)	(3,217)	(9,032)
Total assets	504,735	117,616
Capital expenditures	92	1,034
Australia Segment [Member] | Operating Segments [Member]
Reportable segment results
Total revenues	605,298	238,293
Adjusted EBITDA	238,968	(23,059)
Net income (loss)	150,147	(42,331)
Total assets	1,371,294	1,082,586
Capital expenditures	15,962	7,032
United States Segment [Member] | Operating Segments [Member]
Reportable segment results
Total revenues	341,827	137,818
Adjusted EBITDA	179,899	36,530
Net income (loss)	122,968	10,391
Total assets	976,326	855,527
Capital expenditures	$ 23,749	$ 14,538

Segment Information (Reconcilia

Segment Information (Reconciliation of EBITDA to Net Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Information [Abstract]
Net income (loss)	$ 269,898	$ (40,972)
Depreciation, depletion and amortization	38,009	53,081
Interest expense (net of income)	17,332	15,135
Other foreign exchange losses	1,991	1,749
Income tax expense (benefit)	81,943	(19,068)
Losses on idled assets held for sale	1,386	(1,494)
Increase (decrease) in provision for discounting and credit losses	428	(3,778)
Consolidated Adjusted EBITDA	$ 410,987	$ 7,641

Segment Information (Reconcil_2

Segment Information (Reconciliation of Capital Expenditures) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures per Condensed Consolidated Statements of Cash Flows	$ 37,768	$ 28,604
Operating Segments [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures per Condensed Consolidated Statements of Cash Flows	37,768	28,604
Accruals For Capital Expenditures	9,510	0
Payment for capital acquired in prior periods	7,475	6,000
Capital expenditures per segment detail	$ 39,803	$ 22,604

Segment Information (Disaggrega

Segment Information (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenues	$ 947,125	$ 376,111
Other revenues	10,497	8,909
Total	947,125	376,111
Product Groups [Member]
Disaggregation of Revenue [Line Items]
Total	947,125	376,111
Metallurgical Coal [Member]
Disaggregation of Revenue [Line Items]
Revenues	891,729	343,436
Thermal Coal [Member]
Disaggregation of Revenue [Line Items]
Revenues	44,899	23,766
Total Coal Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenues	936,628	367,202
Australia Segment [Member] | Operating Segments [Member]
Disaggregation of Revenue [Line Items]
Other revenues	9,000	8,843
Total	605,298	238,293
Australia Segment [Member] | Metallurgical Coal [Member] | Operating Segments [Member]
Disaggregation of Revenue [Line Items]
Revenues	554,009	206,452
Australia Segment [Member] | Thermal Coal [Member] | Operating Segments [Member]
Disaggregation of Revenue [Line Items]
Revenues	42,289	22,998
Australia Segment [Member] | Total Coal Revenue [Member] | Operating Segments [Member]
Disaggregation of Revenue [Line Items]
Revenues	596,298	229,450
United States Segment [Member] | Operating Segments [Member]
Disaggregation of Revenue [Line Items]
Other revenues	1,497	66
Total	341,827	137,818
United States Segment [Member] | Metallurgical Coal [Member] | Operating Segments [Member]
Disaggregation of Revenue [Line Items]
Revenues	337,720	136,984
United States Segment [Member] | Thermal Coal [Member] | Operating Segments [Member]
Disaggregation of Revenue [Line Items]
Revenues	2,610	768
United States Segment [Member] | Total Coal Revenue [Member] | Operating Segments [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 340,330	$ 137,752

Inventories (Schedule of Invent

Inventories (Schedule of Inventories) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Inventories [Abstract]
Raw coal	$ 12,829	$ 17,334
Saleable coal	58,687	42,006
Total coal inventories	71,516	59,340
Supplies inventories	61,243	59,582
Total inventories	132,759	118,922
Net realizable value of inventory	$ 4,000	$ 2,200

Property, Plant and Equipment (

Property, Plant and Equipment (Schedule of Property, Plant and Equipment) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Property Plant And Equipment [Line Items]
Property, plant, equipment and equipment, gross	$ 2,211,684	$ 2,145,719
Less accumulated depreciation, depletion and amortization	786,105	748,356
Net property, plant and equipment	1,425,579	1,397,363
Land [Member]
Property Plant And Equipment [Line Items]
Property, plant, equipment and equipment, gross	28,286	27,853
Buildings And Improvements [Member]
Property Plant And Equipment [Line Items]
Property, plant, equipment and equipment, gross	90,569	88,079
Plant, Machinery, Mining Equipment And Transportation Vehicles [Member]
Property Plant And Equipment [Line Items]
Property, plant, equipment and equipment, gross	987,523	963,272
Mineral Rights And Reserves [Member]
Property Plant And Equipment [Line Items]
Property, plant, equipment and equipment, gross	374,326	374,326
Office And Computer Equipment [Member]
Property Plant And Equipment [Line Items]
Property, plant, equipment and equipment, gross	8,908	8,718
Mine Development [Member]
Property Plant And Equipment [Line Items]
Property, plant, equipment and equipment, gross	583,828	566,201
Asset Retirement Obligation Asset [Member]
Property Plant And Equipment [Line Items]
Property, plant, equipment and equipment, gross	75,498	75,215
Construction In Process [Member]
Property Plant And Equipment [Line Items]
Property, plant, equipment and equipment, gross	$ 62,746	$ 42,055

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities (Schedule of Accrued Expenses and Other Current Liabilities) (Details) $ in Thousands, $ in Millions	Mar. 31, 2022AUD ($)	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Accrued Expenses and Other Current Liabilities [Abstract]
Wages and employee benefits		$ 44,336	$ 41,187
Taxes other than income taxes		7,817	6,246
Accrued royalties		107,144	70,237
Accrued freight costs		35,341	27,754
Accrued mining fees		79,917	65,835
Acquisition related accruals		32,173	31,201
Other liabilities		26,231	28,482
Total accrued expenses and other current liabilities		$ 332,959	270,942
Stamp duty payable	$ 43		$ 32,200

Dividends Payable (Narrative) (

Dividends Payable (Narrative) (Details) - Unfranked ordinary dividend [Member] - $ / shares	May 09, 2022	Apr. 08, 2022	Mar. 31, 2022	Feb. 24, 2022
Dividends Payable [Line Items]
Dividends Payable, Date of Record			Mar. 17, 2022
Subsequent Event [Member]
Dividends Payable [Line Items]
Dividends Payable, Date of Record	May 31, 2022
Dividends Payable, Date to be Paid	Jun. 21, 2022	Apr. 8, 2022
CHESS Depositary Interests [Member]
Dividends Payable [Line Items]
Dividends Payable, Amount Per Share				$ 0.09

Interest Bearing Liabilities (N

Interest Bearing Liabilities (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Feb. 25, 2022	Dec. 31, 2021	May 12, 2021
Debt Instrument [Line Items]
Letters of credit outstanding, amount	$ 16,800,000
Senior Secured Notes [Member]
Debt Instrument [Line Items]
Repayments of long term debt	500,000
Principal amount	$ 350,000	$ 100,000,000
Interest rate	10.75%
Redemption price, percentage	104.00%
Long-term debt	$ 314,453,000		$ 315,000,000
Debt Instrument, Maturity Date	May 15, 2026
Debt issuance costs	$ 14,178,000		14,831,000
ABL Facility [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity				$ 100,000,000
Available credit	0
Long-term debt	0		0
Debt issuance costs	3,800,000		$ 4,300,000
Line of credit	0
Letters of credit outstanding, amount	0
ABL Facility [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity				30,000,000
Line of credit	$ 0
ABL Facility [Member] | Swingline loans [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity				$ 5,000,000

Interest Bearing Liabilities (S

Interest Bearing Liabilities (Summary of Interest Bearing Liabilities) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Interest bearing liabilities	$ 300,275	$ 300,169
Senior Secured Notes [Member]
Debt Instrument [Line Items]
Long-term debt	314,453	315,000
Discount and debt issuance costs	$ (14,178)	(14,831)
Weighted Average Interest Rate	12.14%
Final Maturity	2026
ABL Facility [Member]
Debt Instrument [Line Items]
Long-term debt	$ 0	0
Discount and debt issuance costs	$ (3,800)	$ (4,300)
Final Maturity	2024

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Income Taxes [Abstract]
Effective tax rate	23.30%	31.80%
Income loss before tax	$ 351,841,000	$ (60,040,000)
Income Tax Expense (Benefit)	$ 81,943,000	(19,068,000)
Unrecognized Tax Benefits		$ 0
Income taxes [Line Items]
Tax losses carried forward			$ 8,100,000
Australia Segment [Member]
Income taxes [Line Items]
Tax losses carried forward			$ 27,000,000

Earnings per Share (Schedule of

Earnings per Share (Schedule of Earnings per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Numerator:
Net income (loss)	$ 269,898	$ (40,972)
Less: Net loss attributable to noncontrolling interest	0	(2)
Net income (loss) attributable to Company stockholders	$ 269,898	$ (40,970)
Denominator:
Weighted-average shares of common stock outstanding	167,645	138,388
Effects of dilutive shares	88
Weighted average diluted shares of common stock outstanding	167,733	138,388
Earnings (Loss) Per Share (US$):
Basic	$ 1.61	$ (0.30)
Diluted	$ 1.61	$ (0.30)

Derivatives and Fair Value Me_2

Derivatives and Fair Value Measurement (Narrative) (Details)	Mar. 31, 2022USD ($)
Fair Value, Measurements, Recurring
Derivatives, Fair Value [Line Items]
Financial Instruments Owned At Fair Value	$ 0
Fair Value, Inputs, Level 2 [Member]
Derivatives, Fair Value [Line Items]
Fair value of notes	334,900,000
ABL Facility [Member]
Derivatives, Fair Value [Line Items]
Available credit	$ 0

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Losses (Schedule of Accumulated Comprehensive Losses) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income, beginning of period	$ (44,228)
Net current-period other comprehensive income (loss):
Tax effects		$ (2,111)
Total other comprehensive income	16,258	$ 317
Accumulated other comprehensive income, end of period	(27,970)
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income, beginning of period	(44,228)
Net current-period other comprehensive income (loss):
Gain (loss) in other comprehensive income (loss) before reclassifications	3,671
Loss on long-term intra-entity foreign currency transactions	12,587
Total other comprehensive income	16,258
Accumulated other comprehensive income, end of period	$ (27,970)

Commitments (Narrative) (Detail

Commitments (Narrative) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Commitments [Abstract]
Purchase commitments for capital expenditures	$ 26.2
Take-or-pay arrangement term	9 years
Take-or-pay arrangements, total	$ 1,100
Take-or-pay arrangements, due within the next year	$ 89.5

Commitments (Future Minimum Roy

Commitments (Future Minimum Royalties) (Details) $ in Thousands	Mar. 31, 2022USD ($)
Commitments [Abstract]
2022	$ 5,265
2023	5,145
2024	5,056
2025	4,893
2026	4,813
Thereafter	24,695
Total	$ 49,867

Contingencies (Narrative) (Deta

Contingencies (Narrative) (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Company guarantees	$ 46,100,000
Restricted deposits	84,810,000	$ 80,981,000
Surety bonds	29,600,000
ABL Facility [Member]
Loss Contingencies [Line Items]
Line of credit	0
ABL Facility [Member] | Letter of Credit [Member]
Loss Contingencies [Line Items]
Line of credit	$ 0

Subsequent Events Narrative (De

Subsequent Events Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	May 09, 2022	Apr. 08, 2022	Mar. 31, 2022	Apr. 30, 2022	Feb. 24, 2022
Dividend Declared [Member]
Subsequent Event [Line Items]
Dividends Payable, Date of Record			Mar. 17, 2022
CHESS Depositary Interests [Member] | Dividend Declared [Member]
Subsequent Event [Line Items]
Dividends Payable, Amount Per Share					$ 0.09
Subsequent Event [Member] | Dividend Declared [Member]
Subsequent Event [Line Items]
Dividends Payable, Date of Record	May 31, 2022
Dividends Payable	$ 200
Dividends Payable, Date to be Paid	Jun. 21, 2022	Apr. 8, 2022
Subsequent Event [Member] | Special unfranked ordinary dividend one [Member]
Subsequent Event [Line Items]
Dividends Payable	$ 99.5
Subsequent Event [Member] | Special unfranked ordinary dividend two [Member]
Subsequent Event [Line Items]
Dividends Payable	100.6
Subsequent Event [Member] | Coronado Finance Pty Notes [Member]
Subsequent Event [Line Items]
Principal amount	$ 100.6
Percentage of principal amount redeemable	104.00%
Subsequent Event [Member] | CHESS Depositary Interests [Member] | Special unfranked ordinary dividend one [Member]
Subsequent Event [Line Items]
Dividends Payable, Amount Per Share				$ 0.059
Subsequent Event [Member] | CHESS Depositary Interests [Member] | Special unfranked ordinary dividend two [Member]
Subsequent Event [Line Items]
Dividends Payable, Amount Per Share				$ 0.06