XML 29 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net loss $ (36,875) $ (3,170) $ (29,162)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation, depletion and amortization 45,594 44,690 44,254
Accretion of asset retirement obligation and receivable 10,878 11,540 9,974
Non-cash tax benefits     (17,062)
Amortization of intangible assets and liabilities, net 657 590 279
Share-based compensation 4,721 4,049 2,552
Loss on sales of assets 640 226 191
Non-cash interest expense   1,236 1,470
Amortization of deferred financing costs 2,515 2,304 1,975
Loss on extinguishment of debt 17,030    
Loss (gain) on sales of investment securities (150) (604) 412
Loss (gain) on derivative instruments 3,079 3,456 (6,122)
Changes in operating assets and liabilities:      
Receivables, net 5,491 (4,728) 15,503
Inventories (2,125) 2,300 (1,217)
Excess of pneumoconiosis benefit obligation over trust assets 4,319 1,460 3,025
Accounts payable and accrued expenses 4,128 9,041 (13,802)
Deferred revenue (9,918) (7,399) 10,486
Accrual for workers' compensation 1,248 (841) (1,619)
Asset retirement obligations (6,510) (7,783) (2,219)
Accrual for postretirement medical benefits (1,643) (2,832) 7,762
Pension and SERP obligations (1,278) (3,902) 3,173
Other assets and liabilities 2,934 (4,280) (405)
Net cash provided by operating activities 44,735 45,353 29,448
Cash flows from investing activities:      
Additions to property, plant and equipment (27,594) (22,814) (34,546)
Change in restricted investments and bond collateral and reclamation deposits (5,986) (8,545) (4,601)
Cash payments related to acquisitions and other (4,000)    
Net proceeds from sales of assets 687 712 937
Proceeds from the sale of restricted investments 3,350 2,307 796
Receivable from customer for property and equipment purchases (96) (840) (1,183)
Net cash used in investing activities (33,639) (29,180) (38,597)
Cash flows from financing activities:      
Change in book overdrafts (724) (595) 596
Borrowings from long-term debt, net of debt discount 142,500   8,562
Repayments of long-term debt (73,566) (20,405) (35,275)
Borrowings on revolving lines of credit 87,200 170,900 94,116
Repayments on revolving lines of credit (105,600) (168,900) (88,016)
Debt issuance costs and other refinancing costs (15,019) (1,925) (256)
Preferred dividends paid (21,301)    
Exercise of stock options 422 8  
Net cash provided by (used in) financing activities 13,912 (20,917) (20,273)
Net increase (decrease) in cash and cash equivalents 25,008 (4,744) (29,422)
Cash and cash equivalents, beginning of year 5,775 10,519 39,941
Cash and cash equivalents, end of year 30,783 5,775 10,519
Supplemental disclosures of cash flow information:      
Cash paid for interest 21,199 19,744 20,418
Cash paid (received) for income taxes (250) (236) 2,263
Non-cash transactions:      
Accrued purchases of property and equipment 570 628 949
Capital leases and other financing sources $ 531 $ 3,748 $ 11,286