Segment Information

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company reports its results of operations primarily through the following reportable segments: “Western U.S. Mining,” “Midwestern U.S. Mining,” “Australian Mining,” “Trading and Brokerage” and “Corporate and Other.” The Company’s chief operating decision maker uses Adjusted EBITDA as the primary measure of segment profit and loss. The Company defines Adjusted EBITDA as (loss) income from continuing operations before deducting net interest expense, income taxes, asset retirement obligation expenses, depreciation, depletion and amortization, asset impairment and mine closure costs and amortization of basis difference associated with equity method investments.

Reportable segment results were as follows:

	Three Months Ended March 31,
	2013			2012
	(Dollars in millions)
Revenues:
Australian Mining	$	738.0		$	854.1
Western U.S. Mining	640.1			761.0
Midwestern U.S. Mining	336.7			347.7
Trading and Brokerage	25.9			52.5
Corporate and Other	7.3			5.4
Total	$	1,748.0		$	2,020.7
Adjusted EBITDA:
Australian Mining	$	100.4		$	295.6
Western U.S. Mining	160.5			207.0
Midwestern U.S. Mining	112.3			109.2
Trading and Brokerage	16.0			28.1
Corporate and Other	(109.1		)	(128.4		)
Total	$	280.1		$	511.5

A reconciliation of Adjusted EBITDA to consolidated (loss) income from continuing operations, net of income taxes follows:

	Three Months Ended March 31,
	2013			2012
	(Dollars in millions)
Total Adjusted EBITDA	$	280.1		$	511.5
Depreciation, depletion and amortization	170.7			142.9
Amortization of basis difference related to equity affiliates	1.6			2.3
Asset retirement obligation expenses	19.0			15.0
Interest expense	101.3			102.0
Interest income	(5.9		)	(8.1		)
Income tax provision	3.7			74.4
(Loss) income from continuing operations, net of income taxes	$	(10.3	)	$	183.0