Segment Information

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company reports its results of operations primarily through the following reportable segments: “Australian Mining," “Western U.S. Mining,” “Midwestern U.S. 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, charges for the settlement of claims and litigation related to previously divested operations and amortization of basis difference related to equity affiliates.

Reportable segment results were as follows:

	Three Months Ended March 31,
	2014			2013
	(Dollars in millions)
Revenues:
Australian Mining	$	611.8		$	738.0
Western U.S. Mining	682.0			640.1
Midwestern U.S. Mining	303.0			336.7
Trading and Brokerage	21.0			25.9
Corporate and Other	9.0			7.3
Total	$	1,626.8		$	1,748.0
Adjusted EBITDA:
Australian Mining	$	1.8		$	100.4
Western U.S. Mining	173.9			160.5
Midwestern U.S. Mining	78.7			112.3
Trading and Brokerage	(1.9		)	16.0
Corporate and Other	(75.6		)	(109.1		)
Total	$	176.9		$	280.1

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

	Three Months Ended March 31,
	2014			2013
	(Dollars in millions)
Total Adjusted EBITDA	$	176.9		$	280.1
Depreciation, depletion and amortization	(157.2		)	(170.7		)
Amortization of basis difference related to equity affiliates	(1.2		)	(1.6		)
Asset retirement obligation expenses	(15.6		)	(19.0		)
Interest expense	(103.3		)	(101.3		)
Interest income	3.6			5.9
Income tax benefit (provision)	52.5			(3.7		)
Loss from continuing operations, net of income taxes	$	(44.3	)	$	(10.3	)