Supplemental Consolidating Financial Information (Tables)

6 Months Ended

Jun. 30, 2015

Supplemental Condensed Consolidating Financial Information [Abstract]

Schedule of Condensed Consolidating Statements of Income

Condensed Consolidating Statements of Operations

Three Months Ended June 30,2015

	Parent/Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Revenues	$	—		$	644,462		$	—		$	—		$	644,462
Costs, expenses and other
Cost of sales (exclusive of items shown separately below)	5,908			561,191			—			(847		)	566,252
Depreciation, depletion and amortization	1,013			96,359			—			—			97,372
Amortization of acquired sales contracts, net	—			(1,644		)	—			—			(1,644		)
Change in fair value of coal derivatives and coal trading activities, net	—			1,211			—			—			1,211
Asset impairment and mine closure costs	1,225			17,921			—			—			19,146
Selling, general and administrative expenses	17,166			6,270			1,325			(493		)	24,268
Other operating (income) expense, net	(138		)	7,483			(1,282		)	1,340			7,403
	25,174			688,791			43			—			714,008
Loss from investment in subsidiaries	(30,462		)	—			—			30,462			—
Loss from operations	(55,636		)	(44,329		)	(43		)	30,462			(69,546		)
Interest expense, net
Interest expense	(119,231		)	(6,576		)	(1,127		)	27,360			(99,574		)
Interest and investment income	6,675			20,256			1,391			(27,360		)	962
	(112,556		)	13,680			264			—			(98,612		)
Expenses related to debt restructuring	(4,016		)	—			—			—			(4,016		)
Income (loss) from continuing operations before income taxes	(172,208		)	(30,649		)	221			30,462			(172,174		)
Provision for (benefit from) income taxes	(4,105		)	—			34			—			(4,071		)
Net income (loss)	$	(168,103	)	$	(30,649	)	$	187		$	30,462		$	(168,103	)
Total comprehensive income (loss)	$	(167,887	)	$	(30,811	)	$	187		$	30,624		$	(167,887	)

Condensed Consolidating Statements of Operations

Three Months Ended June 30,2014

	Parent/Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Revenues	$	—		$	713,776		$	—		$	—		$	713,776
Costs, expenses and other
Cost of sales (exclusive of items shown separately below)	3,547			619,470			—			(880		)	622,137
Depreciation, depletion and amortization	1,346			101,109			9			—			102,464
Amortization of acquired sales contracts, net	—			(3,239		)	—			—			(3,239		)
Change in fair value of coal derivatives and coal trading activities, net	—			(2,992		)	—			—			(2,992		)
Asset impairment and mine closure costs	1,512			—			—			—			1,512
Selling, general and administrative expenses	21,729			7,250			1,489			(537		)	29,931
Other operating (income) expense, net	(1,883		)	1,554			(1,320		)	1,417			(232		)
	26,251			723,152			178			—			749,581
Income from investment in subsidiaries	2,502			—			—			(2,502		)	—
Loss from operations	(23,749		)	(9,376		)	(178		)	(2,502		)	(35,805		)
Interest expense, net
Interest expense	(116,084		)	(6,565		)	(1,092		)	25,781			(97,960		)
Interest and investment income	8,125			18,341			1,351			(25,781		)	2,036
	(107,959		)	11,776			259			—			(95,924		)
Income (loss) from continuing operations before income taxes	(131,708		)	2,400			81			(2,502		)	(131,729		)
Provision for (benefit from) income taxes	(34,848		)	—			(21		)	—			(34,869		)
Net loss	$	(96,860	)	$	2,400		$	102		$	(2,502	)	$	(96,860	)
Total comprehensive income (loss)	$	(98,437	)	$	1,647		$	102		$	(1,749	)	$	(98,437	)

Condensed Consolidating Statements of Operations

Six Months Ended June 30,2015

	Parent/Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Revenues	$	—		$	1,321,467		$	—		$	—		$	1,321,467
Costs, expenses and other
Cost of sales (exclusive of items shown separately below)	13,378			1,116,877			—			(1,681		)	1,128,574
Depreciation, depletion and amortization	2,073			200,171			2			—			202,246
Amortization of acquired sales contracts, net	—			(5,034		)	—			—			(5,034		)
Change in fair value of coal derivatives and coal trading activities, net	—			2,431			—			—			2,431
Asset impairment and mine closure costs	1,225			17,921			—			—			19,146
Selling, general and administrative expenses	32,605			12,514			2,773			(1,019		)	46,873
Other operating (income) expense, net	3,562			12,760			(2,533		)	2,700			16,489
	52,843			1,357,640			242			—			1,410,725
Loss from investment in subsidiaries	(9,413		)	—			—			9,413			—
Loss from operations	(62,256		)	(36,173		)	(242		)	9,413			(89,258		)
Interest expense, net
Interest expense	(237,286		)	(13,340		)	(2,402		)	54,202			(198,826		)
Interest and investment income	14,747			40,030			2,760			(54,202		)	3,335
	(222,539		)	26,690			358			—			(195,491		)
Expenses related to debt restructuring	(4,016		)	—			—			—			(4,016		)
Income (loss) from continuing operations before income taxes	(288,811		)	(9,483		)	116			9,413			(288,765		)
Provision for (benefit from) income taxes	(7,513		)	—			46			—			(7,467		)
Net income (loss)	$	(281,298	)	$	(9,483	)	$	70		$	9,413		$	(281,298	)
Total comprehensive income (loss)	$	(277,478	)	$	(6,405	)	$	70		$	6,335		$	(277,478	)

Condensed Consolidating Statements of Operations

Six Months Ended June 30,2014

	Parent/Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Revenues	$	—		$	1,449,747		$	—		$	—		$	1,449,747
Costs, expenses and other
Cost of sales (exclusive of items shown separately below)	6,937			1,303,246			—			(1,732		)	1,308,451
Depreciation, depletion and amortization	2,818			204,051			18			—			206,887
Amortization of acquired sales contracts, net	—			(6,935		)	—			—			(6,935		)
Change in fair value of coal derivatives and coal trading activities, net	—			(2,078		)	—			—			(2,078		)
Asset impairment and mine closure costs	1,512			—			—			—			1,512
Selling, general and administrative expenses	41,673			15,115			3,292			(1,013		)	59,067
Other operating (income) expense, net	(290		)	(7,929		)	(2,756		)	2,745			(8,230		)
	52,650			1,505,470			554			—			1,558,674
Loss from investment in subsidiaries	(32,844		)	—			—			32,844			—
Loss from operations	(85,494		)	(55,723		)	(554		)	32,844			(108,927		)
Interest expense, net
Interest expense	(229,739		)	(12,890		)	(2,142		)	50,340			(194,431		)
Interest and investment income	15,726			35,993			2,500			(50,340		)	3,879
	(214,013		)	23,103			358			—			(190,552		)
Loss from continuing operations before income taxes	(299,507		)	(32,620		)	(196		)	32,844			(299,479		)
Provision for (benefit from) income taxes	(78,508		)	—			28			—			(78,480		)
Net loss	$	(220,999	)	$	(32,620	)	$	(224	)	$	32,844		$	(220,999	)
Total comprehensive loss	$	(225,206	)	$	(34,779	)	$	(224	)	$	35,003		$	(225,206	)

Schedule of Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheets

June 30, 2015

	Parent/Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
Assets
Cash and cash equivalents	$	367,668	$	60,568	$	11,419	$	—		$	439,655
Short term investments	249,754		—		—		—			249,754
Restricted cash	—		—		43,563		—			43,563
Receivables	9,525		10,352		204,002		(4,338		)	219,541
Inventories	—		223,929		—		—			223,929
Other	80,295		39,160		1,024		—			120,479
Total current assets	707,242		334,009		260,008		(4,338		)	1,296,921
Property, plant and equipment, net	9,211		6,331,424		—		391			6,341,026
Investment in subsidiaries	7,448,526		—		—		(7,448,526		)	—
Intercompany receivables	—		2,164,803		—		(2,164,803		)	—
Note receivable from Arch Western	675,000		—		—		(675,000		)	—
Other	119,670		277,555		1,183		—			398,408
Total other assets	8,243,196		2,442,358		1,183		(10,288,329		)	398,408
Total assets	$	8,959,649	$	9,107,791	$	261,191	$	(10,292,276	)	$	8,036,355
Liabilities and Stockholders’ Equity
Accounts payable	$	12,096	$	144,588	$	41	$	—		$	156,725
Accrued expenses and other current liabilities	59,336		207,265		695		(4,338		)	262,958
Current maturities of debt	21,651		10,112		—		—			31,763
Total current liabilities	93,083		361,965		736		(4,338		)	451,446
Long-term debt	5,078,125		36,456		—		—			5,114,581
Intercompany payables	1,930,704		—		234,099		(2,164,803		)	—
Note payable to Arch Coal	—		675,000		—		(675,000		)	—
Asset retirement obligations	1,018		408,417		—		—			409,435
Accrued pension benefits	5,023		8,557		—		—			13,580
Accrued postretirement benefits other than pension	4,298		29,878		—		—			34,176
Accrued workers’ compensation	10,714		86,775		—		—			97,489
Deferred income taxes	411,930		—		—		—			411,930
Other noncurrent liabilities	31,120		78,332		241		—			109,693
Total liabilities	7,566,015		1,685,380		235,076		(2,844,141		)	6,642,330
Stockholders’ equity	1,393,634		7,422,411		26,115		(7,448,135		)	1,394,025
Total liabilities and stockholders’ equity	$	8,959,649	$	9,107,791	$	261,191	$	(10,292,276	)	$	8,036,355

Condensed Consolidating Balance Sheets

December 31, 2014

	Parent/Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
Assets
Cash and cash equivalents	$	572,185	$	150,358	$	11,688	$	—		$	734,231
Short term investments	248,954		—		—		—			248,954
Restricted cash	—		—		5,678		—			5,678
Receivables	9,656		15,933		211,043		(4,615		)	232,017
Inventories	—		190,253		—		—			190,253
Other	89,211		41,455		952		—			131,618
Total current assets	920,006		397,999		229,361		(4,615		)	1,542,751
Property, plant and equipment, net	10,470		6,442,623		2		363			6,453,458
Investment in subsidiaries	7,464,221		—		—		(7,464,221		)	—
Intercompany receivables	—		2,021,110		—		(2,021,110		)	—
Note receivable from Arch Western	675,000		—		—		(675,000		)	—
Other	131,884		300,058		1,572		—			433,514
Total other assets	8,271,105		2,321,168		1,572		(10,160,331		)	433,514
Total assets	$	9,201,581	$	9,161,790	$	230,935	$	(10,164,583	)	$	8,429,723
Liabilities and Stockholders’ Equity
Accounts payable	$	23,394	$	156,664	$	55	$	—		$	180,113
Accrued expenses and other current liabilities	85,899		220,017		1,095		(4,615		)	302,396
Current maturities of debt	27,625		9,260		—		—			36,885
Total current liabilities	136,918		385,941		1,150		(4,615		)	519,394
Long-term debt	5,084,839		38,646		—		—			5,123,485
Intercompany payables	1,817,755		—		203,355		(2,021,110		)	—
Note payable to Arch Coal	—		675,000		—		(675,000		)	—
Asset retirement obligations	981		397,915		—		—			398,896
Accrued pension benefits	5,967		10,293		—		—			16,260
Accrued postretirement benefits other than pension	4,430		28,238		—		—			32,668
Accrued workers’ compensation	9,172		85,119		—		—			94,291
Deferred income taxes	422,809		—		—		—			422,809
Other noncurrent liabilities	50,919		102,461		386		—			153,766
Total liabilities	7,533,790		1,723,613		204,891		(2,700,725		)	6,761,569
Stockholders’ equity	1,667,791		7,438,177		26,044		(7,463,858		)	1,668,154
Total liabilities and stockholders’ equity	$	9,201,581	$	9,161,790	$	230,935	$	(10,164,583	)	$	8,429,723

Schedule of Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statements of Cash Flows

Six Months Ended June 30,2015

	Parent/Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
	(In thousands)
Cash provided by (used in) operating activities	$	(295,792	)	$	163,345		$	6,872		$	—	$	(125,575	)
Investing Activities
Capital expenditures	(815		)	(98,546		)	—			—		(99,361		)
Additions to prepaid royalties	—			(409		)	—			—		(409		)
Proceeds from disposals and divestitures	—			991			—			—		991
Purchases of marketable securities	(161,336		)	—			—			—		(161,336		)
Proceeds from sale or maturity of marketable securities and other investments	157,729			—			—			—		157,729
Investments in and advances to affiliates	(788		)	(4,350		)	—			—		(5,138		)
Cash used in investing activities	(5,210		)	(102,314		)	—			—		(107,524		)
Financing Activities
Payments on term loan	(9,750		)	—			—			—		(9,750		)
Net payments on other debt	(5,973		)	(3,853		)	—			—		(9,826		)
Expenses related to debt restructuring	(4,016		)	—			—			—		(4,016		)
Withdrawals (deposits) of restricted cash	—			—			(37,885		)	—		(37,885		)
Transactions with affiliates, net	116,224			(146,968		)	30,744			—		—
Cash provided by (used in) financing activities	96,485			(150,821		)	(7,141		)	—		(61,477		)
Decrease in cash and cash equivalents	(204,517		)	(89,790		)	(269		)	—		(294,576		)
Cash and cash equivalents, beginning of period	572,185			150,358			11,688			—		734,231
Cash and cash equivalents, end of period	$	367,668		$	60,568		$	11,419		$	—	$	439,655

Condensed Consolidating Statements of Cash Flows

Six Months Ended June 30,2014

	Parent/Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
	(In thousands)
Cash provided by (used in) operating activities	$	(268,382	)	$	196,505		$	(6,469	)	$	—	$	(78,346	)
Investing Activities
Capital expenditures	(660		)	(95,086		)	—			—		(95,746		)
Additions to prepaid royalties	—			(3,341		)	—			—		(3,341		)
Proceeds from disposals and divestitures	39,132			4,113			—			—		43,245
Purchases of short term investments	(168,951		)	—			—			—		(168,951		)
Proceeds from sales of short term investments	166,018			—			—			—		166,018
Investments in and advances to affiliates	(1,581		)	(7,920		)	—			—		(9,501		)
Cash provided by (used in) investing activities	33,958			(102,234		)	—			—		(68,276		)
Financing Activities
Payments on term loan	(9,750		)	—			—			—		(9,750		)
Debt financing costs	(1,957		)	—			—			—		(1,957		)
Net payments on other debt	(7,547		)	(1,843		)	—			—		(9,390		)
Dividends paid	(2,123		)	—			—			—		(2,123		)
Change in restricted cash	—			—			(1,103		)	—		(1,103		)
Transactions with affiliates, net	84,719			(92,486		)	7,767			—		—
Cash provided by (used in) financing activities	63,342			(94,329		)	6,664			—		(24,323		)
Increase (decrease) in cash and cash equivalents	(171,082		)	(58		)	195			—		(170,945		)
Cash and cash equivalents, beginning of period	799,333			100,418			11,348			—		911,099
Cash and cash equivalents, end of period	$	628,251		$	100,360		$	11,543		$	—	$	740,154