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Segment Information
 9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Segment Information
Segment Information  

The Company's reportable business segments are based on the major coal producing basins in which the Company operates and may include a number of mine complexes. The Company manages its coal sales by coal basin, not by individual mining complex. Geology, coal transportation routes to customers, regulatory environments and coal quality or type are characteristic to a basin, and, accordingly, market and contract pricing have developed by coal basin. Mining operations are evaluated based on adjusted EBITDA, 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; and the Appalachia (APP) segment, with operations primarily in West Virginia.  The “Other” category combines other operating segments and includes the Company’s coal mining operations in Colorado and Illinois.
 
Operating segment results for the three and nine months ended September 30, 2015 and 2014 are presented below. The Company uses Adjusted EBITDA to assess the operating segments’ performance and to allocate resources. The Company’s management believes that Adjusted EBITDA presents a useful measure of our ability to service existing debt and incur additional debt based on ongoing operations.  Corporate, Other and Eliminations includes 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. 
 
 
PRB
 
APP
 
Other
Operating
Segments
 
Corporate,
Other and
Eliminations
 
Consolidated
 
 
(in thousands)
Three Months Ended September 30, 2015
 
 
 
 

 
 

 
 

 
 

Revenues
 
$
390,360

 
$
205,573

 
$
92,611

 
$
—

 
$
688,544

Adjusted EBITDA
 
86,204

 
41,754

 
12,927

 
(6,080
)
 
134,805

Depreciation, depletion and amortization
 
47,321

 
44,098

 
11,193

 
1,353

 
103,965

Amortization of acquired sales contracts, net
 
(1,124
)
 
(870
)
 
—

 
—

 
(1,994
)
Capital expenditures
 
869

 
3,990

 
2,889

 
2,141

 
9,889

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2014
 
 
 
 

 
 

 
 

 
 

Revenues
 
$
389,386

 
$
272,354

 
$
80,440

 
$
—

 
$
742,180

Adjusted EBITDA
 
62,771

 
12,327

 
22,412

 
(25,608
)
 
71,902

Depreciation, depletion and amortization
 
43,962

 
48,867

 
10,499

 
1,827

 
105,155

Amortization of acquired sales contracts, net
 
(1,200
)
 
(1,815
)
 
3

 
(1
)
 
(3,013
)
Capital expenditures
 
8,174

 
9,240

 
4,678

 
863

 
22,955

 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2015
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
1,124,046

 
$
653,310

 
$
232,655

 
$
—

 
$
2,010,011

Adjusted EBITDA
 
214,920

 
92,988

 
22,074

 
(68,077
)
 
261,905

Depreciation, depletion and amortization
 
134,393

 
135,028

 
32,082

 
4,708

 
306,211

Amortization of acquired sales contracts, net
 
(3,170
)
 
(3,858
)
 
—

 
—

 
(7,028
)
Total assets
 
1,711,945

 
1,374,436

 
321,449

 
2,440,167

 
5,847,997

Capital expenditures
 
22,263

 
15,323

 
7,199

 
64,465

 
109,250

 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2014
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
1,106,258

 
$
832,452

 
$
251,239

 
$
1,978

 
$
2,191,927

Adjusted EBITDA
 
135,136

 
67,794

 
44,007

 
(82,498
)
 
164,439

Depreciation, depletion and amortization
 
124,243

 
155,087

 
29,601

 
3,111

 
312,042

Amortization of acquired sales contracts, net
 
(2,774
)
 
(7,266
)
 
93

 
(1
)
 
(9,948
)
Capital expenditures
 
17,230

 
28,232

 
8,626

 
64,613

 
118,701





A reconciliation of adjusted EBITDA to consolidated loss before income taxes follows:

 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
 
2015
 
2014
 
2015
 
2014
 
 
 
(In thousands)
 
 
 
 
 
Adjusted EBITDA
 
$
134,805

 
$
71,902

 
$
261,905

 
$
164,439

 
Depreciation, depletion and amortization
 
(103,965
)
 
(105,155
)
 
(306,211
)
 
(312,042
)
 
Amortization of acquired sales contracts, net
 
1,994

 
3,013

 
7,028

 
9,948

 
Asset impairment and mine closure costs
 
(2,120,292
)
 
(5,060
)
 
(2,139,438
)
 
(6,572
)
 
Losses from disposed operations resulting from Patriot Coal bankruptcy
 
(149,314
)
 
—

 
(149,314
)
 
—

 
Interest expense, net
 
(99,087
)
 
(96,268
)
 
(294,578
)
 
(286,820
)
 
Nonoperating expense
 
(7,482
)
 
—

 
(11,498
)
 
—

 
Loss before income taxes
 
$
(2,343,341
)
 
$
(131,568
)
 
$
(2,632,106
)
 
$
(431,047
)