Segment Information

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Segment Information

The Company has three reportable business segments, which are based on the major coal producing basins in which the Company operates. Each of these reportable business segments includes a number of mine complexes. The Company manages its coal sales by coal basin, not by individual mine complex. Geology, coal transportation routes to customers, regulatory environments and coal quality or type are characteristic to a basin. Accordingly, market and contract pricing have developed by coal basin. Mine operations are evaluated based on their per-ton operating costs (defined as including all mining costs but excluding pass-through transportation expenses), as well as on other non-financial measures, such as safety and environmental performance. The Company’s reportable segments are the Powder River Basin (PRB) segment, with operations in Wyoming; the WBIT segment, with operations in Utah and Colorado; the Appalachia (APP) segment, with operations in West Virginia, Kentucky, Maryland and Virginia.  The “Other” operating segment includes primarily the Company’s Illinois operations and ADDCAR subsidiary, which manufactures and sells its patented highwall mining system.

Operating segment results for the three and six months ended June 30,2013 and 2012 are presented below. Results for the reportable segments include all direct costs of mining, including all depreciation, depletion and amortization related to the mining operations, even if the assets are not recorded at the operating segment level. Corporate, Other and Eliminations includes these charges, as well as the change in fair value of coal derivatives and coal trading activities, net; corporate overhead; land management; other support functions; and the elimination of intercompany transactions. The operating segment results for the WBIT segment for all periods presented reflect only continuing operations, since Canyon Fuel results are classified as discontinued operations in the condensed consolidated statement of operations.

The asset amounts below represent an allocation of assets consistent with the basis used for the Company’s incentive compensation plans. The amounts in Corporate, Other and Eliminations represent primarily corporate assets (cash, receivables, investments, plant, property and equipment) as well as unassigned coal reserves, above-market acquired sales contracts and other unassigned assets. Goodwill is allocated to the respective reporting units, even though it may not be reflected in the subsidiaries’ financial statements. Asset balances for the WBIT segment include assets held for sale. Prior year asset amounts have been restated to reflect a change in how certain unassigned coal reserves and goodwill amounts are presented.

	PRB			APP			WBIT		Other Operating Segments			Corporate, Other and Eliminations			Consolidated
	(in thousands)
Three months ended June 30, 2013
Revenues	$	353,425		$	337,678		$	41,840	$	33,389		$	—		$	766,332
Income (loss) from operations	16,798			(5,238		)	12,140		1,167			(61,146		)	(36,279		)
Depreciation, depletion and amortization	42,147			56,006			8,396		2,660			1,876			111,085
Amortization of acquired sales contracts, net	(941		)	(2,812		)	—		1,544			—			(2,209		)
Asset impairment and mine closure costs	—			—			—		—			20,482			20,482
Capital expenditures	1,819			43,470			5,786		3,031			60,436			114,542
Three months ended June 30, 2012
Revenues	$	322,512		$	504,309		$	101,699	$	37,165		$	—		$	965,685
Income (loss) from operations	22,747			(493,093		)	5,870		1,291			(133,708		)	(596,893		)
Depreciation, depletion and amortization	37,131			73,176			10,122		3,423			684			124,536
Amortization of acquired sales contracts, net	31			(4,859		)	—		377			—			(4,451		)
Asset impairment and mine closure costs	—			525,916			—		(227		)	(106		)	525,583
Capital expenditures	5,793			78,102			14,114		(1,131		)	11,924			108,802
Six months ended June 30, 2013
Revenues	$	715,371		$	620,296		$	109,352	$	58,683		$	—		$	1,503,702
Income (loss) from operations	32,550			(32,395		)	14,480		(407		)	(101,938		)	(87,710		)
Depreciation, depletion and amortization	84,374			111,337			17,092		5,269			3,206			221,278
Amortization of acquired sales contracts, net	(2,140		)	(5,284		)	—		2,405			—			(5,019		)
Asset impairment and mine closure costs	—			—			—		—			20,482			20,482
Total assets	1,954,828			4,264,500			651,884		154,354			2,705,163			9,730,729
Capital expenditures	3,976			92,766			7,288		3,513			61,521			169,064
Six months ended June 30, 2012
Revenues	$	723,689		$	973,367		$	166,844	$	62,022		$	—		$	1,925,922
Income (loss) from operations	55,290			(477,258		)	10,827		(2,459		)	(155,496		)	(569,096		)
Depreciation, depletion and amortization	78,354			149,193			19,909		7,110			1,123			255,689
Amortization of acquired sales contracts, net	(785		)	(17,947		)	—		264			—			(18,468		)
Asset impairment and mine closure costs	—			525,916			—		(227		)	(106		)	525,583
Total assets	2,044,743			4,154,871			715,362		170,446			2,868,516			9,953,938
Capital expenditures	9,779			144,405			29,251		4,513			14,125			202,073

A reconciliation of segment income (loss) from operations to consolidated loss before income taxes follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
	(In thousands)
Loss from operations	$	(36,279	)	$	(596,893	)	$	(87,710	)	$	(569,096	)
Interest expense	(94,756		)	(78,728		)	(189,830		)	(153,500		)
Interest and investment income	1,216			1,088			4,052			2,109
Other nonoperating expenses	$	—		$	(19,042	)	$	—		$	(19,042	)
Loss from continuing operations before income taxes	$	(129,819	)	$	(693,575	)	$	(273,488	)	$	(739,529	)