Quarterly Financial Information

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information [Abstract]

Quarterly Financial Information [Text Block]

Quarterly Selected Financial Data

Quarterly selected financial data for the years ended December 31, 2013 and 2012 is summarized below:

	March 31			June 30			September 30			December 31
	(b)			(a)			(a) (b)			(a) (b)
	(In thousands, except per share data)
2013:
Revenues	$	737,370		$	766,332		$	791,269		$	719,386
Gross profit (loss)	$	(18,560	)	$	2,505		$	90		$	(44,801	)
Asset impairment and mine closure costs	$	—		$	20,482		$	200,397		$	—
Goodwill impairment	$	—		$	—		$	—		$	265,423
Loss from operations	$	(51,431	)	$	(36,279	)	$	(234,753	)	$	(340,678	)
Loss from continuing operations	$	(84,316	)	$	(80,351	)	$	(207,767	)	$	(372,794	)
Income from discontinued operations, net of tax	$	14,267		$	8,145		$	79,404		$	1,580
Net loss	$	(70,049	)	$	(72,206	)	$	(128,363	)	$	(371,214	)
Diluted loss per common share
Loss from continuing operations	$	(0.40	)	$	(0.38	)	$	(0.98	)	$	(1.76	)
Net loss attributable to Arch Coal, Inc.	$	(0.33	)	$	(0.34	)	$	(0.61	)	$	(1.75	)

	March 31			June 30			September 30			December 31
	(b)			(a)			(a)			(a)
	(In thousands, except per share data)
2012:
Revenues	$	960,237		$	965,685		$	975,170		$	867,034
Gross profit	$	37,715		$	47,163		$	53,017		$	12,516
Asset impairment and mine closure costs	$	—		$	525,583		$	(2,144	)	$	15,743
Goodwill impairment	$	—		$	115,791		$	—		$	214,889
Income (loss) from operations	$	27,797		$	(596,893	)	$	119,242		$	(307,158	)
Income (loss) from continuing operations	$	(14,099	)	$	(442,456	)	$	24,673		$	(307,033	)
Income from discontinued operations, net of tax	$	15,508		$	7,032		$	21,078		$	11,610
Net income (loss)	$	1,409		$	(435,424	)	$	45,751		$	(295,423	)
Diluted income (loss) per common share
Income (loss) from continuing operations	$	(0.07	)	$	(2.09	)	$	0.12		$	(1.45	)
Net loss attributable to Arch Coal, Inc.	$	0.01		$	(2.05	)	$	0.22		$	(1.39	)

(a) In response to challenging market conditions, the Company made the decision to close or idle 10 mines in Appalachia and curtailed production at other thermal mines in the second quarter of 2012. Challenging markets also resulted in impairment charges relating to mining and other operations, investments in equity method subsidiaries and goodwill in both 2013 and 2012. See further discussion in Note 5, "Impairment Charges and Mine Closure Costs " and Note 6, "Goodwill ".

(b) The Company entered into a definitive agreement on June 27, 2013 to sell Canyon Fuel and the sale was completed on August 16, 2013. Beginning in the second quarter of 2013, all quarterly filings with the Securities and Exchange Commission reflected Canyon Fuel as a discontinued operation in the consolidated statements of operations. These first quarter of 2013 and 2012 results reflect this presentation. See further information in Note 3, "Discontinued Operations".