Supplemental Consolidating Financial Information (Tables)

9 Months Ended

Sep. 30, 2015

Supplemental Condensed Consolidating Financial Information [Abstract]

Schedule of Condensed Consolidating Statements of Income

Condensed Consolidating Statements of Operations

Three Months Ended September 30,2015

	Parent/Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Revenues	$	—		$	688,544		$	—		$	—		$	688,544
Costs, expenses and other
Cost of sales (exclusive of items shown separately below)	3,211			537,471			—			(490		)	540,192
Depreciation, depletion and amortization	896			103,069			—			—			103,965
Amortization of acquired sales contracts, net	—			(1,994		)	—			—			(1,994		)
Change in fair value of coal derivatives and coal trading activities, net	—			(3,559		)	—			—			(3,559		)
Asset impairment and mine closure costs	21,292			2,099,000			—			—			2,120,292
Losses from disposed operations resulting from Patriot Coal bankruptcy	149,314			—			—						149,314
Selling, general and administrative expenses	18,059			6,725			1,489			(542		)	25,731
Other operating (income) expense, net	3,503			(12,343		)	(817		)	1,032			(8,625		)
	196,275			2,728,369			672			—			2,925,316
Loss from investment in subsidiaries	(2,025,900		)	—			—			2,025,900			—
Loss from operations	(2,222,175		)	(2,039,825		)	(672		)	2,025,900			(2,236,772		)
Interest expense, net
Interest expense	(120,404		)	(6,629		)	(1,199		)	28,473			(99,759		)
Interest and investment income	6,710			20,781			1,654			(28,473		)	672
	(113,694		)	14,152			455			—			(99,087		)
Expenses related to debt restructuring	(7,482		)	—			—			—			(7,482		)
Income (loss) from continuing operations before income taxes	(2,343,351		)	(2,025,673		)	(217		)	2,025,900			(2,343,341		)
Provision for (benefit from) income taxes	(343,875		)	—			10			—			(343,865		)
Net income (loss)	$	(1,999,476	)	$	(2,025,673	)	$	(227	)	$	2,025,900		$	(1,999,476	)
Total comprehensive income (loss)	$	(2,000,570	)	$	(2,026,697	)	$	(227	)	$	2,026,924		$	(2,000,570	)

Condensed Consolidating Statements of Operations

Three Months Ended September 30,2014

	Parent/Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Revenues	$	—		$	742,180		$	—		$	—		$	742,180
Costs, expenses and other
Cost of sales (exclusive of items shown separately below)	2,442			645,672			—			(1,018		)	647,096
Depreciation, depletion and amortization	1,175			103,971			9			—			105,155
Amortization of acquired sales contracts, net	—			(3,013		)	—			—			(3,013		)
Change in fair value of coal derivatives and coal trading activities, net	—			(3,733		)	—			—			(3,733		)
Asset impairment and mine closure costs	—			5,060			—			—			5,060
Selling, general and administrative expenses	19,542			7,427			1,679			(512		)	28,136
Other operating (income) expense, net	1,562			(2,942		)	(1,371		)	1,530			(1,221		)
	24,721			752,442			317			—			777,480
Income from investment in subsidiaries	2,005			—			—			(2,005		)	—
Loss from operations	(22,716		)	(10,262		)	(317		)	(2,005		)	(35,300		)
Interest expense, net
Interest expense	(116,742		)	(6,577		)	(1,116		)	26,218			(98,217		)
Interest and investment income	7,872			18,987			1,308			(26,218		)	1,949
	(108,870		)	12,410			192			—			(96,268		)
Income (loss) from continuing operations before income taxes	(131,586		)	2,148			(125		)	(2,005		)	(131,568		)
Provision for (benefit from) income taxes	(34,368		)	—			(21		)	—			(34,350		)
Net loss	$	(97,218	)	$	2,148		$	(104	)	$	(2,005	)	$	(97,218	)
Total comprehensive income (loss)	$	(99,197	)	$	1,717		$	(143	)	$	(1,574	)	$	(99,197	)

Condensed Consolidating Statements of Operations

Nine Months Ended September 30,2015

	Parent/Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Revenues	$	—		$	2,010,011		$	—		$	—		$	2,010,011
Costs, expenses and other
Cost of sales (exclusive of items shown separately below)	16,589			1,654,348			—			(2,171		)	1,668,766
Depreciation, depletion and amortization	2,969			303,240			2			—			306,211
Amortization of acquired sales contracts, net	—			(7,028		)	—			—			(7,028		)
Change in fair value of coal derivatives and coal trading activities, net	—			(1,128		)	—			—			(1,128		)
Asset impairment and mine closure costs	22,517			2,116,921			—			—			2,139,438
Losses from disposed operations resulting from Patriot Coal bankruptcy	149,314			—			—			—			149,314
Selling, general and administrative expenses	50,664			19,239			4,262			(1,561		)	72,604
Other operating (income) expense, net	7,065			417			(3,350		)	3,732			7,864
	249,118			4,086,009			914			—			4,336,041
Loss from investment in subsidiaries	(2,035,313		)	—			—			2,035,313			—
Loss from operations	(2,284,431		)	(2,075,998		)	(914		)	2,035,313			(2,326,030		)
Interest expense, net
Interest expense	(357,690		)	(19,969		)	(3,601		)	82,675			(298,585		)
Interest and investment income	21,457			60,811			4,414			(82,675		)	4,007
	(336,233		)	40,842			813			—			(294,578		)
Expenses related to debt restructuring	(11,498		)	—			—			—			(11,498		)
Income (loss) from continuing operations before income taxes	(2,632,162		)	(2,035,156		)	(101		)	2,035,313			(2,632,106		)
Provision for (benefit from) income taxes	(351,388		)	—			56			—			(351,332		)
Net income (loss)	$	(2,280,774	)	$	(2,035,156	)	$	(157	)	$	2,035,313		$	(2,280,774	)
Total comprehensive income (loss)	$	(2,278,048	)	$	(2,033,102	)	$	(157	)	$	2,033,259		$	(2,278,048	)

Condensed Consolidating Statements of Operations

Nine Months Ended September 30,2014

	Parent/Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Revenues	$	—		$	2,191,927		$	—		$	—		$	2,191,927
Costs, expenses and other
Cost of sales (exclusive of items shown separately below)	9,378			1,948,918			—			(2,749		)	1,955,547
Depreciation, depletion and amortization	3,993			308,022			27			—			312,042
Amortization of acquired sales contracts, net	—			(9,948		)	—			—			(9,948		)
Change in fair value of coal derivatives and coal trading activities, net	—			(5,811		)	—			—			(5,811		)
Asset impairment and mine closure costs	1,512			5,060			—			—			6,572
Selling, general and administrative expenses	61,216			22,540			4,971			(1,524		)	87,203
Other operating (income) expense, net	1,272			(10,869		)	(4,127		)	4,273			(9,451		)
	77,371			2,257,912			871			—			2,336,154
Loss from investment in subsidiaries	(30,839		)	—			—			30,839			—
Loss from operations	(108,210		)	(65,985		)	(871		)	30,839			(144,227		)
Interest expense, net
Interest expense	(346,481		)	(19,466		)	(3,258		)	76,557			(292,648		)
Interest and investment income	23,598			54,979			3,808			(76,557		)	5,828
	(322,883		)	35,513			550			—			(286,820		)
Loss from continuing operations before income taxes	(431,093		)	(30,472		)	(321		)	30,839			(431,047		)
Provision for (benefit from) income taxes	(112,876		)	—			46			—			(112,830		)
Net loss	$	(318,217	)	$	(30,472	)	$	(367	)	$	30,839		$	(318,217	)
Total comprehensive loss	$	(324,403	)	$	(33,062	)	$	(367	)	$	33,429		$	(324,403	)

Schedule of Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheets

September 30, 2015

	Parent/Issuer			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
Assets
Cash and cash equivalents	$	362,643		$	120,484	$	11,661	$	—		$	494,788
Short term investments	199,731			—		—		—			199,731
Restricted cash	—			—		50,409		—			50,409
Receivables	14,307			12,502		216,959		(4,359		)	239,409
Inventories	—			239,035		—		—			239,035
Other	50,449			44,565		933		—			95,947
Total current assets	627,130			416,586		279,962		(4,359		)	1,319,319
Property, plant and equipment, net	8,447			4,164,189		—		402			4,173,038
Investment in subsidiaries	5,421,088			—		—		(5,421,088		)	—
Intercompany receivables	—			2,225,149		—		(2,225,149		)	—
Note receivable from Arch Western	675,000			—		—		(675,000		)	—
Other	99,939			254,712		989		—			355,640
Total other assets	6,196,027			2,479,861		989		(8,321,237		)	355,640
Total assets	$	6,831,604		$	7,060,636	$	280,951	$	(8,325,194	)	$	5,847,997
Liabilities and Stockholders’ Equity
Accounts payable	$	13,566		$	138,624	$	39	$	—		$	152,229
Accrued expenses and other current liabilities	118,662			195,577		867		(4,359		)	310,747
Current maturities of debt	21,810			10,427		—		—			32,237
Total current liabilities	154,038			344,628		906		(4,359		)	495,213
Long-term debt	5,074,812			33,680		—		—			5,108,492
Intercompany payables	1,971,290			—		253,859		(2,225,149		)	—
Note payable to Arch Coal	—			675,000		—		(675,000		)	—
Asset retirement obligations	1,037			413,157		—		—			414,194
Accrued pension benefits	4,247			7,814		—		—			12,061
Accrued postretirement benefits other than pension	4,234			29,732		—		—			33,966
Accrued workers’ compensation	10,291			85,614		—		—			95,905
Deferred income taxes	44,806			—		—		—			44,806
Other noncurrent liabilities	172,691			75,810		299		—			248,800
Total liabilities	7,437,446			1,665,435		255,064		(2,904,508		)	6,453,437
Stockholders’ equity	(605,842		)	5,395,201		25,887		(5,420,686		)	(605,440		)
Total liabilities and stockholders’ equity	$	6,831,604		$	7,060,636	$	280,951	$	(8,325,194	)	$	5,847,997

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

Nine Months Ended September 30,2015

	Parent/Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
	(In thousands)
Cash provided by (used in) operating activities	$	(353,386	)	$	279,503		$	(5,799	)	$	—	$	(79,682	)
Investing Activities
Capital expenditures	(956		)	(108,294		)	—			—		(109,250		)
Additions to prepaid royalties	—			(5,808		)	—			—		(5,808		)
Proceeds from disposals and divestitures	—			1,020			—			—		1,020
Purchases of marketable securities	(203,094		)	—			—			—		(203,094		)
Proceeds from sale or maturity of marketable securities and other investments	248,362			—			—			—		248,362
Investments in and advances to affiliates	(788		)	(7,156		)	—			—		(7,944		)
Cash used in investing activities	43,524			(120,238		)	—			—		(76,714		)
Financing Activities
Payments on term loan	(14,625		)	—			—			—		(14,625		)
Net payments on other debt	(5,814		)	(6,378		)	—			—		(12,192		)
Expenses related to debt restructuring	(11,498		)	—			—			—		(11,498		)
Deposits of restricted cash	—			—			(44,732		)	—		(44,732		)
Transactions with affiliates, net	132,257			(182,761		)	50,504			—		—
Cash provided by (used in) financing activities	100,320			(189,139		)	5,772			—		(83,047		)
Decrease in cash and cash equivalents	(209,542		)	(29,874		)	(27		)	—		(239,443		)
Cash and cash equivalents, beginning of period	572,185			150,358			11,688			—		734,231
Cash and cash equivalents, end of period	$	362,643		$	120,484		$	11,661		$	—	$	494,788

Condensed Consolidating Statements of Cash Flows

Nine Months Ended September 30,2014

	Parent/Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
	(In thousands)
Cash provided by (used in) operating activities	$	(342,497	)	$	360,036		$	(15,549	)	$	—	$	1,990
Investing Activities
Capital expenditures	(1,195		)	(117,506		)	—			—		(118,701		)
Additions to prepaid royalties	—			(3,604		)	—			—		(3,604		)
Proceeds from disposals and divestitures	46,634			4,337			—			—		50,971
Purchases of short term investments	(181,546		)	—			—			—		(181,546		)
Proceeds from sales of short term investments	178,293			—			—			—		178,293
Investments in and advances to affiliates	(2,047		)	(11,346		)	—			—		(13,393		)
Cash provided by (used in) investing activities	40,139			(128,119		)	—			—		(87,980		)
Financing Activities												—
Payments on term loan	(14,625		)	—			—			—		(14,625		)
Debt financing costs	(2,219		)	—			—			—		(2,219		)
Net payments on other debt	(6,814		)	(3,373		)	—			—		(10,187		)
Dividends paid	(2,123		)	—			—			—		(2,123		)
Change in restricted cash	—			—			(6		)	—		(6		)
Other	(15		)	—			—			—		(15		)
Transactions with affiliates, net	162,643			(178,603		)	15,960			—		—
Cash provided by (used in) financing activities	136,847			(181,976		)	15,954			—		(29,175		)
Increase (decrease) in cash and cash equivalents	(165,511		)	49,941			405			—		(115,165		)
Cash and cash equivalents, beginning of period	799,333			100,418			11,348			—		911,099
Cash and cash equivalents, end of period	$	633,822		$	150,359		$	11,753		$	—	$	795,934