XML 64 R5.htm IDEA: XBRL DOCUMENT v2.3.0.15
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows From Operating Activities  
Net income$ 752.4$ 587.2
Loss from discontinued operations, net of income taxes3.72.2
Income from continuing operations, net of income taxes756.1589.4
Adjustments to reconcile income from continuing operations, net of income taxes to net cash provided by operating activities:  
Depreciation, depletion and amortization327.8327.3
Deferred income taxes49.1178.6
Share-based compensation32.430.1
Net gain on disposal or exchange of assets(31.4)(15.4)
Loss (income) from equity affiliates9.0(2.1)
Changes in current assets and liabilities:  
Accounts receivable(12.5)(124.3)
Accounts receivable securitization program0(154.6)
Inventories(17.5)(71.2)
Net assets from coal trading activities71.7(0.8)
Other current assets(41.6)19.9
Accounts payable and accrued expenses(8.6)116.5
Asset retirement obligations27.820.3
Workers' compensation obligations0.35.6
Pension costs25.517.5
Accrued postretirement benefit costs26.618.4
Contributions to pension plans(1.3)(23.9)
Other, net(19.3)(27.8)
Net cash provided by continuing operations1,194.1903.5
Net cash used in discontinued operations(3.6)(11.3)
Net cash provided by operating activities1,190.5892.2
Cash Flows From Investing Activities  
Additions to property, plant, equipment and mine development(616.2)(291.3)
Federal coal lease expenditures(42.4)0
Investment in Prairie State Energy Campus(29.8)(52.5)
Proceeds from disposal of assets12.19.7
Investments in equity affiliates and joint ventures(39.8)(18.8)
Proceeds from sales of debt and equity securities53.310.6
Purchases of debt and equity securities(44.1)(73.6)
Purchases of short-term investments(100.0)0
Maturity of short-term investments100.00
Investment in shares of Macarthur Coal Limited(45.5)0
Other, net(4.4)(7.4)
Net cash used in investing activities(756.8)(423.3)
Cash Flows From Financing Activities  
Proceeds from long-term debt1.41,150.0
Payments of long-term debt(248.4)(1,148.5)
Dividends paid(69.1)(56.5)
Repurchase of employee common stock relinquished for tax withholding(16.1)(8.4)
Payment of debt issuance costs(4.0)(32.2)
Excess tax benefits related to share-based compensation6.10
Proceeds from stock options exercised4.55.9
Other, net(1.7)(0.5)
Net cash used in financing activities(327.3)(90.2)
Net change in cash and cash equivalents106.4378.7
Cash and cash equivalents at beginning of period1,295.2988.8
Cash and cash equivalents at end of period$ 1,401.6$ 1,367.5