Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | |||||||
Date of Report (Date of earliest event reported): July 22, 2016 | |||||||
PEABODY ENERGY CORPORATION | |||||||
(Exact name of registrant as specified in its charter) | |||||||
Delaware | 1-16463 | 13-4004153 | |||||
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | |||||
701 Market Street, St. Louis, Missouri | 63101-1826 | ||||||
(Address of principal executive offices) | (Zip Code) | ||||||
Registrant's telephone number, including area code: (314) 342-3400 | |||||||
N/A | |||||||
(Former name or former address, if changed since last report.) | |||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | |||||||
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||||
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||||
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||||
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
• | Peabody Energy's ability to obtain Bankruptcy Court approval with respect to motions or other requests made to the Bankruptcy Court in the Chapter 11 Cases, including maintaining strategic control as debtor-in-possession; |
• | Peabody Energy's ability to negotiate, develop, confirm and consummate a plan of reorganization; |
• | the effects of the Chapter 11 Cases on Peabody Energy's operations, including customer, supplier, banking, insurance and other relationships and agreements, and relationships with third parties, regulatory authorities and employees; |
• | Bankruptcy Court rulings in the Chapter 11 Cases as well as the outcome of all other pending litigation and the outcome of the Chapter 11 Cases in general; |
• | the length of time that Peabody Energy will operate under Chapter 11 protection and the continued availability of operating capital during the pendency of the proceedings; |
• | the risks associated with third-party motions in the Chapter 11 Cases, which may interfere with Peabody Energy's ability to confirm and consummate a plan of reorganization; |
• | the potential adverse effects of the Chapter 11 Cases on Peabody Energy's liquidity and results of operations; |
• | increased advisory costs to execute a plan of reorganization and increased administrative and legal costs related to the Chapter 11 Cases and other litigation and the inherent risks involved in a bankruptcy process; |
• | the impact of the NYSE’s delisting of Peabody Energy common stock on the liquidity and market price of Peabody Energy common stock and on Peabody Energy's ability to access the public capital markets; |
• | Peabody Energy's ability to continue as a going concern including Peabody Energy's ability to confirm a plan of reorganization that restructures Peabody Energy's debt obligations to address Peabody Energy's liquidity issues and allow emergence from the Chapter 11 Cases; |
• | Peabody Energy's ability to maintain adequate debtor-in-possession financing or use cash collateral; |
• | the potential adverse effects of the Chapter 11 Cases on Peabody Energy's liquidity, results of operations, or business prospects; |
• | the risks associated with third-party motions in the Chapter 11 Cases, which may interfere with Peabody Energy's plan of reorganization and restructuring generally; |
• | the cost, availability and access to capital and financial markets, including the ability to secure new financing upon and after emerging from the Chapter 11 Cases; |
• | the risk that the Chapter 11 Cases will disrupt or impede Peabody Energy's international operations, including the Australian operations; |
Exhibit No. | Description of Exhibit |
99.1 | Monthly Operating Report for the month ended June 30, 2016, filed with the United States Bankruptcy Court for the Eastern District of Missouri. |
PEABODY ENERGY CORPORATION | |
July 22, 2016 | /s/ Amy B. Schwetz |
Name: Amy B. Schwetz | |
Title: Executive Vice President and Chief Financial Officer | |
Exhibit No. | Description |
99.1 | Monthly Operating Report for the month ended June 30, 2016, filed with the United States Bankruptcy Court for the Eastern District of Missouri. |
REQUIRED DOCUMENTS | Form No. | Document Attached | Explanation Attached |
Debtor Entities and Notes to MOR | x | ||
Schedule of Cash Receipts and Disbursements | MOR-1 | x | |
Bank Account Information | MOR-1a | x | |
Copies of bank reconciliations | |||
Copies of bank statements | |||
Statement of Operations | MOR-2 | x | |
Balance Sheet | MOR-3 | x | |
Statement of Cash Flows | MOR-3a | x | |
Status of Postpetition Taxes | MOR-4 | x | |
Copies of IRS Form 6123 or payment receipt | |||
Copies of tax returns filed during reporting period | |||
Status of Insurance Coverage and Premium Payments | MOR-4 | x | |
Summary of Unpaid Postpetition Debts | MOR-5 | x | |
Accounts Receivable Reconciliation and Aging | MOR-5 | x | |
Taxes Reconciliation and Aging | MOR-5 | x | |
Schedule of Payments to Professionals | MOR-6 | x | |
First and Second Lien Debt; Adequate Protection Payments | MOR-6 | x | |
Debtor Questionnaire | MOR-7 | x | |
Report of Other Significant Events | MOR-7 | x |
/s/ Amy B. Schwetz | July 22, 2016 | |
Signature of Authorized Individual* | Date | |
Amy B. Schwetz | ||
Printed Name of Authorized Individual | ||
Executive Vice President and Chief Financial Officer | ||
Title |
Debtor | Case No. | Debtor | Case No. |
Peabody Energy Corporation | 16-42529 | Peabody Powder River Services, LLC | 16-42613 |
Peabody Investments Corp. | 16-42549 | Peabody Wyoming Services, LLC | 16-42653 |
Peabody International Services, Inc. | 16-42541 | Big Sky Coal Company | 16-42530 |
Peabody International Investments, Inc. | 16-42536 | Peabody Powder River Mining, LLC | 16-42666 |
Peabody Holding Company, LLC | 16-42592 | Peabody Caballo Mining, LLC | 16-42533 |
Peabody Operations Holding, LLC | 16-42678 | Peabody Colorado Operations, LLC | 16-42563 |
Gold Fields Mining, LLC | 16-42561 | Seneca Coal Company, LLC | 16-42652 |
Arid Operations, Inc. | 16-42562 | Twentymile Coal, LLC | 16-42669 |
Gold Fields Chile, LLC | 16-42548 | Colorado Yampa Coal Company, LLC. | 16-42560 |
Gold Fields Ortiz, LLC | 16-42578 | Moffat County Mining, LLC | 16-42636 |
Peabody Venezuela Coal Corp. | 16-42651 | Shoshone Coal Corporation | 16-42668 |
Midco Supply and Equipment Corporation | 16-42585 | Hayden Gulch Terminal, LLC | 16-42583 |
Peabody Terminal Holding Company, LLC | 16-42650 | Peabody Sage Creek Mining, LLC | 16-42625 |
Peabody Terminals, LLC | 16-42614 | Peabody Rocky Mountain Services, LLC | 16-42616 |
Peabody Midwest Operations, LLC | 16-42660 | Peabody Rocky Mountain Management Services, LLC | 16-42603 |
Dyson Creek Mining Company, LLC | 16-42621 | Peabody Colorado Services, LLC | 16-42531 |
Peabody Midwest Mining, LLC | 16-42667 | Peabody Twentymile Mining, LLC | 16-42627 |
Peabody Arclar Mining, LLC | 16-42545 | New Mexico Coal Resources, LLC | 16-42647 |
Falcon Coal Company, LLC | 16-42547 | Peabody Natural Resources Company | 16-42634 |
Sugar Camp Properties, LLC | 16-42649 | Gallo Finance Company, LLC. | 16-42586 |
United Minerals Company LLC | 16-42663 | Peabody America, LLC | 16-42609 |
Big Ridge, Inc. | 16-42553 | El Segundo Coal Company, LLC | 16-42691 |
Peabody Bear Run Mining, LLC | 16-42565 | Peabody New Mexico Services, LLC | 16-42646 |
Peabody Wild Boar Mining, LLC | 16-42672 | Peabody Western Coal Company | 16-42644 |
Peabody Bear Run Services, LLC | 16-42574 | Peabody Coalsales, LLC | 16-42539 |
Peabody Gateway Services, LLC | 16-42581 | COALSALES II, LLC | 16-42570 |
Peabody Illinois Services, LLC | 16-42610 | Peabody COALTRADE, LLC | 16-42575 |
Peabody Indiana Services, LLC | 16-42619 | Peabody COALTRADE International (CTI), LLC | 16-42590 |
Peabody Wild Boar Services, LLC | 16-42677 | Peabody Energy Solutions, Inc. | 16-42632 |
Peabody Midwest Management Services, LLC | 16-42593 | American Land Development, LLC | 16-42535 |
Peabody Midwest Services, LLC | 16-42608 | Dyson Creek Coal Company, LLC | 16-42612 |
Midwest Coal Acquistion Corporation | 16-42576 | Juniper Coal Company, LLC. | 16-42577 |
Peabody Coulterville Mining, LLC | 16-42550 | Independence Material Handling, LLC | 16-42606 |
Peabody Gateway North Mining, LLC | 16-42624 | Cottonwood Land Company | 16-42572 |
Riverview Terminal Company | 16-42664 | Cyprus Creek Land Company | 16-42534 |
Black Hills Mining Company LLC | 16-42544 | American Land Holdings of Illinois, LLC | 16-42600 |
Point Pleasant Dock Company LLC | 16-42655 | Midwest Coal Reserves of Illinois, LLC | 16-42597 |
Peabody Powder River Operations, LLC | 16-42676 | Illinois Land Holdings, LLC | 16-42599 |
West Roundup Resources, LLC | 16-42671 | Century Mineral Resources, Inc. | 16-42567 |
BTU Western Resources, Inc. | 16-42554 | American Land Holdings of Indiana, LLC | 16-42546 |
Debtor | Case No. | Debtor | Case No. |
Midwest Coal Reserves of Indiana, LLC | 16-42611 | Sage Creek Land & Reserves, LLC | 16-42635 |
American Land Holdings of Kentucky, LLC | 16-42589 | Twentymile Holdings, LLC | 16-42654 |
Caseyville Dock Company, LLC | 16-42537 | American Land Holdings Of New Mexico, LLC | 16-42579 |
Peabody Recreational Lands, L.L.C. | 16-42605 | Four Star Holdings, LLC | 16-42556 |
Hillside Recreational Lands, LLC | 16-42594 | Francisco Equipment Company, LLC | 16-42568 |
Peabody-Waterside Development LLC | 16-42662 | Francisco Land Holdings Company, LLC | 16-42580 |
Cyprus Creek Land Resources LLC | 16-42602 | Francisco Mining, LLC | 16-42591 |
Peabody Development Company, LLC | 16-42558 | Kentucky Syngas, LLC | 16-42618 |
Central States Coal Reserves Of Illinois, LLC | 16-42688 | Lively Grove Energy, LLC | 16-42595 |
Central States Coal Reserves of Indiana, LLC | 16-42551 | Marigold Electricity, LLC | 16-42628 |
Peabody Natural Gas, LLC | 16-42626 | NM Equipment Company, LLC | 16-42582 |
American Land Holdings of West Virginia, LLC | 16-42571 | Peabody Archveyor, LLC | 16-42623 |
Conservancy Resources, LLC | 16-42564 | Peabody Energy Investments, Inc. | 16-42642 |
School Creek Coal Resources, LLC | 16-42643 | Peabody Magnolia Grove Holdings, LLC | 16-42587 |
American Land Holdings of Colorado, LLC | 16-42540 | Peabody Southwest, LLC | 16-42631 |
Sage Creek Holdings, LLC | 16-42670 | Peabody Southwestern Coal Company, LLC. | 16-42641 |
Peabody Electricity, LLC | 16-42532 | Peabody Williams Fork Mining, LLC | 16-42630 |
Star Lake Energy Company, L.L.C. | 16-42639 | Porcupine Production, LLC | 16-42648 |
Peabody Energy Generation Holding Company | 16-42656 | Porcupine Transportation, LLC | 16-42665 |
Thoroughbred Generating Company, L.L.C. | 16-42679 | Seneca Property, LLC | 16-42659 |
Thoroughbred Mining Company LLC | 16-42680 | Southwest Coal Holdings, LLC | 16-42674 |
Mustang Energy Company. LLC | 16-42657 | Twentymile Equipment Company, LLC | 16-42675 |
Peabody Wyoming Gas, LLC | 16-42640 | Wild Boar Equipment Company, LLC | 16-42658 |
Peabody Venture Fund, LLC | 16-42637 | Wild Boar Land Holdings Company, LLC | 16-42661 |
Peabody PowerTree Investments LLC | 16-42596 | James River Coal Terminal, LLC | 16-42569 |
Highwall Mining Services Company | 16-42588 | Peabody Employment Services, LLC | 16-42538 |
HMC Mining, LLC | 16-42566 | Kentucky United Coal LLC | 16-42573 |
PEC Equipment Company, LLC | 16-42673 | Coal Reserve Holding Limited Liability Company No. 1 | 16-42543 |
Peabody Services Holdings, LLC | 16-42645 | Peabody Asset Holdings, LLC | 16-42555 |
Caballo Grande, LLC | 16-42559 | Peabody IC Funding Corp. | 16-42615 |
Peabody Cardinal Gasification, LLC | 16-42542 | Peabody IC Holdings, LLC | 16-42601 |
Empire Land Holdings, LLC | 16-42692 | Peabody Holdings (Gibraltar) Ltd. | 16-42604 |
Peabody Trout Creek Reservoir LLC | 16-42622 | Midwest Coal Reserves of Kentucky, LLC | 16-42620 |
Pond River Land Company | 16-42629 | Peabody China, LLC | 16-42552 |
Pacific Export Resources, LLC | 16-42598 | Peabody Mongolia, LLC | 16-42617 |
Kayenta Mobile Home Park, Inc. | 16-42607 | PG INVESTMENTS SIX, L.L.C. | 16-42638 |
Peabody School Creek Mining, LLC | 16-42633 |
1. | Introduction. |
2. | Accounting Principles. |
3. | General Methodology. |
4. | Past Performance. |
5. | Accounts Payable and Accrued Expenses. |
6. | Carrying Value of Assets. |
7. | Intercompany Receivables/Payables. |
8. | Prepetition Liabilities. |
9. | Postpetition Liabilities. |
10. | Allocation of Prepetition and Postpetition Liabilities. |
11. | Reservation of Rights. |
Case No. | Debtor | Cash Receipts | Cash Disbursements | ||||
16-42529 | Peabody Energy Corporation | $ | 232.6 | $ | 21.0 | ||
16-42549 | Peabody Investments Corp. | 4.7 | 27.1 | ||||
16-42541 | Peabody International Services, Inc. | — | 0.1 | ||||
16-42536 | Peabody International Investments, Inc. | — | — | ||||
16-42592 | Peabody Holding Company, LLC | — | 1.4 | ||||
16-42678 | Peabody Operations Holding, LLC | — | — | ||||
16-42561 | Gold Fields Mining, LLC | — | 0.1 | ||||
16-42562 | Arid Operations, Inc. | — | — | ||||
16-42548 | Gold Fields Chile, LLC | — | — | ||||
16-42578 | Gold Fields Ortiz, LLC | — | — | ||||
16-42651 | Peabody Venezuela Coal Corp. | — | — | ||||
16-42585 | Midco Supply and Equipment Corporation | — | — | ||||
16-42650 | Peabody Terminal Holding Company, LLC | — | — | ||||
16-42614 | Peabody Terminals, LLC | — | 0.4 | ||||
16-42660 | Peabody Midwest Operations, LLC | — | — | ||||
16-42621 | Dyson Creek Mining Company, LLC | — | — | ||||
16-42667 | Peabody Midwest Mining, LLC | — | 6.5 | ||||
16-42545 | Peabody Arclar Mining, LLC | — | 1.9 | ||||
16-42547 | Falcon Coal Company, LLC | — | — | ||||
16-42649 | Sugar Camp Properties, LLC | — | — | ||||
16-42663 | United Minerals Company LLC | — | — | ||||
16-42553 | Big Ridge, Inc. | — | — | ||||
16-42565 | Peabody Bear Run Mining, LLC | — | 13.3 | ||||
16-42672 | Peabody Wild Boar Mining, LLC | — | 2.2 | ||||
16-42574 | Peabody Bear Run Services, LLC | — | 3.3 | ||||
16-42581 | Peabody Gateway Services, LLC | — | 0.9 | ||||
16-42610 | Peabody Illinois Services, LLC | — | 1.3 | ||||
16-42619 | Peabody Indiana Services, LLC | — | 3.1 | ||||
16-42677 | Peabody Wild Boar Services, LLC | — | 1.0 | ||||
16-42593 | Peabody Midwest Management Services, LLC | — | 1.6 | ||||
16-42608 | Peabody Midwest Services, LLC | — | — | ||||
16-42576 | Midwest Coal Acquistion Corporation | — | — | ||||
16-42550 | Peabody Coulterville Mining, LLC | — | — | ||||
16-42624 | Peabody Gateway North Mining, LLC | — | 1.1 | ||||
16-42664 | Riverview Terminal Company | — | — | ||||
16-42544 | Black Hills Mining Company LLC | — | — | ||||
16-42655 | Point Pleasant Dock Company LLC | — | — | ||||
16-42676 | Peabody Powder River Operations, LLC | — | — | ||||
16-42671 | West Roundup Resources, LLC | — | — | ||||
16-42554 | BTU Western Resources, Inc. | — | 8.3 |
Case No. | Debtor | Cash Receipts | Cash Disbursements | ||||
16-42613 | Peabody Powder River Services, LLC | — | 10.0 | ||||
16-42653 | Peabody Wyoming Services, LLC | — | — | ||||
16-42530 | Big Sky Coal Company | — | — | ||||
16-42666 | Peabody Powder River Mining, LLC | — | 33.8 | ||||
16-42533 | Peabody Caballo Mining, LLC | — | 3.0 | ||||
16-42563 | Peabody Colorado Operations, LLC | — | — | ||||
16-42652 | Seneca Coal Company, LLC | — | — | ||||
16-42669 | Twentymile Coal, LLC | — | 1.2 | ||||
16-42560 | Colorado Yampa Coal Company, LLC. | — | — | ||||
16-42636 | Moffat County Mining, LLC | — | — | ||||
16-42668 | Shoshone Coal Corporation | — | — | ||||
16-42583 | Hayden Gulch Terminal, LLC | — | — | ||||
16-42625 | Peabody Sage Creek Mining, LLC | — | — | ||||
16-42616 | Peabody Rocky Mountain Services, LLC | — | 1.9 | ||||
16-42603 | Peabody Rocky Mountain Management Services, LLC | — | 0.6 | ||||
16-42531 | Peabody Colorado Services, LLC | — | — | ||||
16-42627 | Peabody Twentymile Mining, LLC | — | 5.7 | ||||
16-42647 | New Mexico Coal Resources, LLC | — | — | ||||
16-42634 | Peabody Natural Resources Company | — | — | ||||
16-42586 | Gallo Finance Company, LLC. | — | — | ||||
16-42609 | Peabody America, LLC | — | — | ||||
16-42691 | El Segundo Coal Company, LLC | — | 4.0 | ||||
16-42646 | Peabody New Mexico Services, LLC | — | 2.6 | ||||
16-42644 | Peabody Western Coal Company | — | 14.0 | ||||
16-42539 | Peabody Coalsales, LLC | — | 0.6 | ||||
16-42570 | COALSALES II, LLC | — | — | ||||
16-42575 | Peabody COALTRADE, LLC | — | 1.1 | ||||
16-42590 | Peabody COALTRADE International (CTI), LLC | — | — | ||||
16-42632 | Peabody Energy Solutions, Inc. | — | — | ||||
16-42535 | American Land Development, LLC | — | — | ||||
16-42612 | Dyson Creek Coal Company, LLC | — | — | ||||
16-42577 | Juniper Coal Company, LLC. | — | — | ||||
16-42606 | Independence Material Handling, LLC | — | — | ||||
16-42572 | Cottonwood Land Company | — | — | ||||
16-42534 | Cyprus Creek Land Company | — | — | ||||
16-42600 | American Land Holdings of Illinois, LLC | — | 0.1 | ||||
16-42597 | Midwest Coal Reserves of Illinois, LLC | — | — | ||||
16-42599 | Illinois Land Holdings, LLC | — | — | ||||
16-42567 | Century Mineral Resources, Inc. | — | — | ||||
16-42546 | American Land Holdings of Indiana, LLC | — | 2.7 | ||||
16-42611 | Midwest Coal Reserves of Indiana, LLC | — | 0.1 | ||||
16-42589 | American Land Holdings of Kentucky, LLC | — | — | ||||
16-42537 | Caseyville Dock Company, LLC | — | — | ||||
16-42605 | Peabody Recreational Lands, L.L.C. | — | — | ||||
16-42594 | Hillside Recreational Lands, LLC | — | — |
Case No. | Debtor | Cash Receipts | Cash Disbursements | ||||
16-42662 | Peabody-Waterside Development LLC | — | — | ||||
16-42602 | Cyprus Creek Land Resources LLC | — | — | ||||
16-42558 | Peabody Development Company, LLC | — | 0.1 | ||||
16-42688 | Central States Coal Reserves Of Illinois, LLC | — | — | ||||
16-42551 | Central States Coal Reserves of Indiana, LLC | — | — | ||||
16-42626 | Peabody Natural Gas, LLC | — | — | ||||
16-42571 | American Land Holdings of West Virginia, LLC | — | — | ||||
16-42564 | Conservancy Resources, LLC | — | 0.1 | ||||
16-42643 | School Creek Coal Resources, LLC | — | 3.7 | ||||
16-42540 | American Land Holdings of Colorado, LLC | — | — | ||||
16-42670 | Sage Creek Holdings, LLC | — | — | ||||
16-42532 | Peabody Electricity, LLC | — | 0.6 | ||||
16-42639 | Star Lake Energy Company, L.L.C. | — | — | ||||
16-42656 | Peabody Energy Generation Holding Company | — | — | ||||
16-42679 | Thoroughbred Generating Company, L.L.C. | — | — | ||||
16-42680 | Thoroughbred Mining Company LLC | — | — | ||||
16-42657 | Mustang Energy Company. LLC | — | — | ||||
16-42640 | Peabody Wyoming Gas, LLC | — | — | ||||
16-42637 | Peabody Venture Fund, LLC | — | — | ||||
16-42596 | Peabody PowerTree Investments LLC | — | — | ||||
16-42588 | Highwall Mining Services Company | — | — | ||||
16-42566 | HMC Mining, LLC | — | — | ||||
16-42673 | PEC Equipment Company, LLC | — | 9.4 | ||||
16-42645 | Peabody Services Holdings, LLC | — | — | ||||
16-42559 | Caballo Grande, LLC | — | — | ||||
16-42542 | Peabody Cardinal Gasification, LLC | — | — | ||||
16-42692 | Empire Land Holdings, LLC | — | — | ||||
16-42622 | Peabody Trout Creek Reservoir LLC | — | — | ||||
16-42629 | Pond River Land Company | — | — | ||||
16-42598 | Pacific Export Resources, LLC | — | — | ||||
16-42607 | Kayenta Mobile Home Park, Inc. | — | — | ||||
16-42633 | Peabody School Creek Mining, LLC | — | — | ||||
16-42635 | Sage Creek Land & Reserves, LLC | — | — | ||||
16-42654 | Twentymile Holdings, LLC | — | — | ||||
16-42579 | American Land Holdings Of New Mexico, LLC | — | — | ||||
16-42556 | Four Star Holdings, LLC | — | — | ||||
16-42568 | Francisco Equipment Company, LLC | — | — | ||||
16-42580 | Francisco Land Holdings Company, LLC | — | — | ||||
16-42591 | Francisco Mining, LLC | — | — | ||||
16-42618 | Kentucky Syngas, LLC | — | — | ||||
16-42595 | Lively Grove Energy, LLC | — | — | ||||
16-42628 | Marigold Electricity, LLC | — | — | ||||
16-42582 | NM Equipment Company, LLC | — | — | ||||
16-42623 | Peabody Archveyor, LLC | — | — | ||||
16-42642 | Peabody Energy Investments, Inc. | — | — |
Case No. | Debtor | Cash Receipts | Cash Disbursements | ||||
16-42587 | Peabody Magnolia Grove Holdings, LLC | — | — | ||||
16-42631 | Peabody Southwest, LLC | — | — | ||||
16-42641 | Peabody Southwestern Coal Company, LLC. | — | — | ||||
16-42630 | Peabody Williams Fork Mining, LLC | — | — | ||||
16-42648 | Porcupine Production, LLC | — | — | ||||
16-42665 | Porcupine Transportation, LLC | — | — | ||||
16-42659 | Seneca Property, LLC | — | — | ||||
16-42674 | Southwest Coal Holdings, LLC | — | — | ||||
16-42675 | Twentymile Equipment Company, LLC | — | — | ||||
16-42658 | Wild Boar Equipment Company, LLC | — | — | ||||
16-42661 | Wild Boar Land Holdings Company, LLC | — | — | ||||
16-42569 | James River Coal Terminal, LLC | — | — | ||||
16-42538 | Peabody Employment Services, LLC | — | — | ||||
16-42573 | Kentucky United Coal LLC | — | — | ||||
16-42543 | Coal Reserve Holding Limited Liability Company No. 1 | — | — | ||||
16-42555 | Peabody Asset Holdings, LLC | 6.5 | — | ||||
16-42615 | Peabody IC Funding Corp. | — | — | ||||
16-42601 | Peabody IC Holdings, LLC | — | — | ||||
16-42604 | Peabody Holdings (Gibraltar) Ltd. | — | — | ||||
16-42620 | Midwest Coal Reserves of Kentucky, LLC | — | — | ||||
16-42552 | Peabody China, LLC | — | — | ||||
16-42617 | Peabody Mongolia, LLC | — | — | ||||
16-42638 | PG INVESTMENTS SIX, L.L.C. | — | — | ||||
Total | $ | 243.8 | $ | 189.9 |
Legal Entity | Case Number | Financial Institution | Account Number Ending | Book Balance in USD | ||
COALSALES II, LLC | 16-42570 | Bank of America | 7828 | $ | — | |
Gold Fields Mining, LLC | 16-42561 | Bank of America | 7750 | — | ||
Gold Fields Mining, LLC | 16-42561 | PNC Bank | 1447 | — | ||
Gold Fields Mining, LLC | 16-42561 | U.S. Bank | 3000 | — | ||
Gold Fields Mining, LLC | 16-42561 | U.S. Bank | 7000 | — | ||
Gold Fields Mining, LLC | 16-42561 | U.S. Bank | 7000 | — | ||
Gold Fields Mining, LLC | 16-42561 | U.S. Bank | 8000 | — | ||
Peabody Asset Holdings, LLC | 16-42555 | Bank of America | 3574 | 6.5 | ||
Peabody COALTRADE International (CTI), LLC | 16-42590 | PNC Bank | 0195 | — | ||
Peabody COALTRADE, LLC | 16-42575 | Bank of America | 7844 | — | ||
Peabody Coulterville Mining, LLC | 16-42550 | Coulterville Banking Center | 3141 | — | ||
Peabody Development Company, LLC | 16-42558 | PNC Bank | 1295 | — | ||
Peabody Energy Corporation | 16-42529 | Bank of America (2) | 3MSS | — | ||
Peabody Energy Corporation | 16-42529 | Bank of America | 7721 | 27.6 | ||
Peabody Energy Corporation | 16-42529 | BBVA Compass Bancshares | 6185 | 20.1 | ||
Peabody Energy Corporation | 16-42529 | Citibank | 5856 | — | ||
Peabody Energy Corporation | 16-42529 | Citibank | 5857 | — | ||
Peabody Energy Corporation | 16-42529 | Citibank | 7362 | — | ||
Peabody Energy Corporation | 16-42529 | Goldman Sachs | 1467 | — | ||
Peabody Energy Corporation | 16-42529 | HSBC US | 7995 | — | ||
Peabody Energy Corporation | 16-42529 | PNC Bank | 5539 | 47.2 | ||
Peabody Energy Corporation | 16-42529 | Regions Bank | 0061 | 25.2 | ||
Peabody Energy Corporation | 16-42529 | Regions Bank | 0188 | 289.0 | ||
Peabody Energy Corporation | 16-42529 | Standard Chartered Bank | 8001 | — | ||
Peabody Energy Corporation | 16-42529 | TD Bank | 4661 | 1.4 | ||
Peabody Energy Corporation | 16-42529 | Texas Capital Bank | 8596 | — | ||
Peabody Energy Corporation | 16-42529 | U.S. Bank | 0672 | 0.2 | ||
Peabody Energy Corporation | 16-42529 | Wells Fargo Bank | 3458 | — | ||
Peabody Energy Corporation | 16-42529 | Wells Fargo Bank | 6745 | — | ||
Peabody Energy Corporation | 16-42529 | Wells Fargo Bank | 2953 | 327.0 | ||
Peabody Holdings (Gibraltar) Limited | 16-42604 | Bank of America | 8465 | 2.5 | ||
Peabody International Services Inc. | 16-42541 | Bank of America | 2615 | — | ||
Peabody Investments Corp. | 16-42549 | Bank of America (1) | 0622 | — | ||
Peabody Investments Corp. | 16-42549 | Bank of America | 5431 | — | ||
Peabody Investments Corp. | 16-42549 | Bank of America | 7734 | — | ||
Peabody Investments Corp. | 16-42549 | Bank of America | 7747 | — | ||
Peabody Investments Corp. | 16-42549 | Commerce Bank | 4951 | — | ||
Peabody Investments Corp. | 16-42549 | Fifth Third Bank | 7783 | — | ||
Peabody Investments Corp. | 16-42549 | PNC Bank | 1375 | — | ||
Peabody Investments Corp. | 16-42549 | Regions Bank | 0088 | — |
Legal Entity | Case Number | Financial Institution | Account Number Ending | Book Balance in USD | ||
Peabody Investments Corp. | 16-42549 | U.S. Bank | 4740 | 1.0 | ||
Peabody Investments Corp. | 16-42549 | U.S. Bank | 7836 | 1.0 | ||
Peabody Midwest Mining, LLC | 16-42667 | Bank of America | 7815 | — | ||
Peabody Natural Gas, LLC | 16-42626 | Bank of America | 4219 | — | ||
Peabody Natural Gas, LLC | 16-42626 | PNC Bank | 9694 | — | ||
Peabody Natural Resources Company | 16-42634 | Grants State Bank | 3722 | — | ||
Peabody Natural Resources Company | 16-42634 | PNC Bank | 1439 | — | ||
Peabody Powder River Mining, LLC | 16-42666 | Bank of America | 7873 | — | ||
Peabody Powder River Services, LLC | 16-42613 | UMB Bank | 0246 | — | ||
Peabody Recreational Lands, L.L.C. | 16-42605 | U.S. Bank | 1279 | — | ||
Peabody Rocky Mountain Management Services, LLC | 16-42603 | UMB Bank | 0270 | — | ||
Peabody Rocky Mountain Services, LLC | 16-42616 | UMB Bank | 0262 | — | ||
Peabody Western Coal Company | 16-42644 | Bank of America | 7860 | — | ||
Peabody Western Coal Company | 16-42644 | Bank of America (1) | 0635 | — | ||
Peabody Western Coal Company | 16-42644 | U.S. Bank | 2082 | 1.0 | ||
Peabody Western Coal Company | 16-42644 | Wells Fargo Bank | 3356 | — | ||
Twentymile Coal, LLC | 16-42669 | Wells Fargo Bank | 3692 | — | ||
Total | $ | 749.7 |
For the Month Ended June 30, 2016 | |||||||||||||||
Debtors | Non-Debtors | Eliminations | Consolidated | ||||||||||||
Revenues | |||||||||||||||
Sales | $ | 238.1 | $ | 110.1 | $ | — | $ | 348.2 | |||||||
Other revenues | 3.6 | 33.7 | (0.5 | ) | 36.8 | ||||||||||
Total revenues | 241.7 | 143.8 | (0.5 | ) | 385.0 | ||||||||||
Costs and expenses | |||||||||||||||
Operating costs and expenses (exclusive of items shown separately below) | 188.5 | 152.2 | (0.5 | ) | 340.2 | ||||||||||
Depreciation, depletion and amortization | 20.3 | 20.7 | — | 41.0 | |||||||||||
Asset retirement obligation expenses | 1.2 | 1.7 | — | 2.9 | |||||||||||
Selling and administrative expenses | 7.5 | 0.2 | — | 7.7 | |||||||||||
Restructuring charges | 1.3 | — | — | 1.3 | |||||||||||
Other operating (income) loss: | |||||||||||||||
Net gain on disposal of assets | (4.1 | ) | — | — | (4.1 | ) | |||||||||
Loss from equity affiliates and investment in subsidiaries (1) | 35.8 | 0.4 | (35.5 | ) | 0.7 | ||||||||||
Operating loss | (8.8 | ) | (31.4 | ) | 35.5 | (4.7 | ) | ||||||||
Interest expense | 17.7 | 2.3 | (1.1 | ) | 18.9 | ||||||||||
Interest income | (0.4 | ) | (1.3 | ) | 1.1 | (0.6 | ) | ||||||||
Reorganization items, net | 15.9 | (0.3 | ) | — | 15.6 | ||||||||||
Loss from continuing operations before income taxes | (42.0 | ) | (32.1 | ) | 35.5 | (38.6 | ) | ||||||||
Income tax (benefit) provision | (1.2 | ) | 1.6 | — | 0.4 | ||||||||||
Loss from continuing operations, net of income taxes | (40.8 | ) | (33.7 | ) | 35.5 | (39.0 | ) | ||||||||
Loss from discontinued operations, net of income taxes | (1.0 | ) | (0.4 | ) | — | (1.4 | ) | ||||||||
Net loss | (41.8 | ) | (34.1 | ) | 35.5 | (40.4 | ) | ||||||||
Less: Net income attributable to noncontrolling interests | — | 1.4 | — | 1.4 | |||||||||||
Net loss attributable to common stockholders | $ | (41.8 | ) | $ | (35.5 | ) | $ | 35.5 | $ | (41.8 | ) |
Debtors | Non-Debtors | Consolidated | |||||||||
Loss on termination of derivative contracts | $ | — | $ | — | $ | — | |||||
Professional fees | 16.1 | (0.3 | ) | 15.8 | |||||||
Accounts payable settlement (gains) losses | (0.2 | ) | — | (0.2 | ) | ||||||
Adjustment for rejected executory contracts | — | — | — | ||||||||
Interest income | (0.1 | ) | — | (0.1 | ) | ||||||
Other | 0.1 | — | 0.1 | ||||||||
Reorganization items, net | $ | 15.9 | $ | (0.3 | ) | $ | 15.6 |
As of June 30, 2016 | |||||||||||||||
Debtors | Non-Debtors | Eliminations | Consolidated | ||||||||||||
Assets | |||||||||||||||
Current assets | |||||||||||||||
Cash and cash equivalents | $ | 749.7 | $ | 524.6 | $ | — | $ | 1,274.3 | |||||||
Restricted cash | — | 47.1 | — | 47.1 | |||||||||||
Accounts receivable, net | 21.3 | 329.3 | — | 350.6 | |||||||||||
Receivables from affiliates, net | 451.6 | — | (451.6 | ) | — | ||||||||||
Inventories | 162.0 | 141.7 | — | 303.7 | |||||||||||
Assets from coal trading activities, net | 0.3 | 17.0 | — | 17.3 | |||||||||||
Deferred income taxes | 53.4 | 0.1 | — | 53.5 | |||||||||||
Other current assets | 96.3 | 239.1 | — | 335.4 | |||||||||||
Total current assets | 1,534.6 | 1,298.9 | (451.6 | ) | 2,381.9 | ||||||||||
Property, plant, equipment and mine development, net | 4,701.2 | 4,360.7 | — | 9,061.9 | |||||||||||
Deferred income taxes | — | 2.2 | — | 2.2 | |||||||||||
Investments and other assets | 4,298.9 | 331.4 | (4,064.1 | ) | 566.2 | ||||||||||
Notes receivable from affiliates, net | 762.8 | — | (762.8 | ) | — | ||||||||||
Total assets | $ | 11,297.5 | $ | 5,993.2 | $ | (5,278.5 | ) | $ | 12,012.2 | ||||||
Liabilities and Stockholders’ Equity | |||||||||||||||
Current liabilities | |||||||||||||||
Current portion of long-term debt | $ | 478.8 | $ | 3.5 | $ | — | $ | 482.3 | |||||||
Payables to affiliates, net | — | 451.6 | (451.6 | ) | — | ||||||||||
Liabilities from coal trading activities, net | 0.1 | 15.6 | — | 15.7 | |||||||||||
Accounts payable and accrued expenses | 403.3 | 355.0 | — | 758.3 | |||||||||||
Total current liabilities | 882.2 | 825.7 | (451.6 | ) | 1,256.3 | ||||||||||
Deferred income taxes | 55.2 | 3.6 | — | 58.8 | |||||||||||
Notes payable to affiliates, net | — | 762.8 | (762.8 | ) | — | ||||||||||
Other noncurrent liabilities | 1,589.7 | 334.1 | — | 1,923.8 | |||||||||||
Total liabilities not subject to compromise | 2,527.1 | 1,926.2 | (1,214.4 | ) | 3,238.9 | ||||||||||
Liabilities subject to compromise | 8,152.8 | — | — | 8,152.8 | |||||||||||
Total liabilities | 10,679.9 | 1,926.2 | (1,214.4 | ) | 11,391.7 | ||||||||||
Peabody Energy Corporation stockholders’ equity | 617.6 | 4,064.1 | (4,064.1 | ) | 617.6 | ||||||||||
Noncontrolling interests | — | 2.9 | — | 2.9 | |||||||||||
Total stockholders’ equity | 617.6 | 4,067.0 | (4,064.1 | ) | 620.5 | ||||||||||
Total liabilities and stockholders’ equity | $ | 11,297.5 | $ | 5,993.2 | $ | (5,278.5 | ) | $ | 12,012.2 |
As of June 30, 2016 | |||
Debt | $ | 7,751.7 | |
Interest payable | 172.6 | ||
Trade payables | 86.9 | ||
Postretirement benefit obligations (1) | 33.7 | ||
Property taxes | 10.8 | ||
Other accrued liabilities | 97.1 | ||
Liabilities subject to compromise | $ | 8,152.8 |
For the Month Ended June 30, 2016 | |||||||||||||||
Debtors | Non-Debtors | Eliminations | Consolidated | ||||||||||||
Cash Flows From Operating Activities | |||||||||||||||
Net loss | $ | (41.8 | ) | $ | (34.1 | ) | $ | 35.5 | $ | (40.4 | ) | ||||
Loss from discontinued operations, net of income taxes | 1.0 | 0.4 | — | 1.4 | |||||||||||
Loss from continuing operations, net of income taxes | (40.8 | ) | (33.7 | ) | 35.5 | (39.0 | ) | ||||||||
Adjustments to reconcile loss from continuing operations, net of income taxes to net cash provided by (used in) operating activities: | |||||||||||||||
Depreciation, depletion and amortization | 20.3 | 20.7 | — | 41.0 | |||||||||||
Noncash interest expense | 4.2 | 0.1 | — | 4.3 | |||||||||||
Deferred income taxes | 6.8 | 0.2 | — | 7.0 | |||||||||||
Noncash share-based compensation | 1.4 | — | — | 1.4 | |||||||||||
Net gain on disposal of assets | (4.1 | ) | — | — | (4.1 | ) | |||||||||
Loss from equity affiliates and investment in subsidiaries | 35.8 | 0.4 | (35.5 | ) | 0.7 | ||||||||||
Reorganization items, net | 12.0 | (0.9 | ) | — | 11.1 | ||||||||||
Restricted cash | — | 10.2 | — | 10.2 | |||||||||||
Changes in current assets and liabilities: | |||||||||||||||
Accounts receivable | (36.4 | ) | (48.6 | ) | — | (85.0 | ) | ||||||||
Intercompany activity related to ARS program, net | 24.5 | (24.5 | ) | — | — | ||||||||||
Inventories | 10.3 | 1.5 | — | 11.8 | |||||||||||
Net assets from coal trading activities | 0.1 | (1.5 | ) | — | (1.4 | ) | |||||||||
Other current assets | (4.1 | ) | 5.8 | — | 1.7 | ||||||||||
Accounts payable and accrued expenses | 25.5 | 3.0 | — | 28.5 | |||||||||||
Asset retirement obligations | (1.0 | ) | 1.1 | — | 0.1 | ||||||||||
Accrued postretirement benefit costs | (0.7 | ) | — | — | (0.7 | ) | |||||||||
Accrued pension costs | 2.3 | — | — | 2.3 | |||||||||||
Other, net | 13.4 | (1.6 | ) | — | 11.8 | ||||||||||
Net cash provided by (used in) continuing operations | 69.5 | (67.8 | ) | — | 1.7 | ||||||||||
Net cash used in discontinued operations | (0.8 | ) | (0.3 | ) | — | (1.1 | ) | ||||||||
Net cash provided by (used in) operating activities | 68.7 | (68.1 | ) | — | 0.6 | ||||||||||
Cash Flows From Investing Activities | |||||||||||||||
Additions to property, plant, equipment and mine development | (8.9 | ) | (1.6 | ) | — | (10.5 | ) | ||||||||
Changes in accrued expenses related to capital expenditures | 0.2 | (0.9 | ) | — | (0.7 | ) | |||||||||
Proceeds from disposal of assets, net of notes receivable | 6.6 | — | — | 6.6 | |||||||||||
Contributions to joint ventures | — | (21.0 | ) | — | (21.0 | ) | |||||||||
Distributions from joint ventures | — | 18.3 | — | 18.3 | |||||||||||
Other, net | (0.1 | ) | 0.1 | — | — | ||||||||||
Net cash used in investing activities | (2.2 | ) | (5.1 | ) | — | (7.3 | ) | ||||||||
Cash Flows From Financing Activities | |||||||||||||||
Repayments of long-term debt | (0.5 | ) | (0.4 | ) | — | (0.9 | ) | ||||||||
Payment of deferred financing costs | (8.5 | ) | (1.1 | ) | — | (9.6 | ) | ||||||||
Distributions to noncontrolling interests | (0.1 | ) | (2.4 | ) | — | (2.5 | ) | ||||||||
Transactions with affiliates, net | (3.5 | ) | 3.5 | — | — | ||||||||||
Net cash used in financing activities | (12.6 | ) | (0.4 | ) | — | (13.0 | ) | ||||||||
Net change in cash and cash equivalents | 53.9 | (73.6 | ) | — | (19.7 | ) | |||||||||
Cash and cash equivalents at beginning of period | 695.8 | 598.2 | — | 1,294.0 | |||||||||||
Cash and cash equivalents at end of period | $ | 749.7 | $ | 524.6 | $ | — | $ | 1,274.3 |
Professional | Role | Amount Paid During the Month Ended June 30, 2016 | Cumulative Paid from April 13, 2016 through June 30, 2016 | ||||
Debtors' Retained Professionals | |||||||
Jones Day | Counsel | $ | — | $ | — | ||
Armstrong Teasdale LLP | Local counsel | — | — | ||||
FTI Consulting, Inc. | Financial advisor | — | — | ||||
Kurtzman Carson Consultants, LLC | Claims, balloting and noticing agent | — | — | ||||
Lazard Freres & Co., LLC | Investment banker | — | — | ||||
Quinn Emanuel Urquhart & Sullivan | Special litigation counsel | — | — | ||||
Ernst & Young | Auditor and tax advisor | — | — | ||||
Official Committee of Unsecured Creditors' Retained Professionals | |||||||
Morrison & Foerster LLP | Counsel | — | — | ||||
Curtis Mallet-Prevost, Colt & Mosle, LLP | Conflicts counsel | — | — | ||||
Spencer Fane LLP | Local counsel | — | — | ||||
Berkeley Research Group, LLC | Financial advisor | — | — | ||||
Jefferies LLC | Investment banker | — | — | ||||
Blackacre LLC | Independent expert | — | — | ||||
Total Payments to Retained Professionals | $ | — | $ | — |
Principal | Beginning Balance | Principal Advances, Net of Original Issue Discounts | Debt Issuance Costs | Repayments | Amortization of Debt Issuance Costs and Original Issue Discounts | Ending Balance | ||||||||||||||||||
DIP Term Loan | $ | 461.5 | $ | — | $ | (8.4 | ) | $ | — | $ | 4.3 | $ | 457.4 | |||||||||||
Revolver (1) | 1,058.5 | 98.8 | — | — | — | 1,157.3 | ||||||||||||||||||
Term Loan B Facility | 1,154.5 | — | — | — | — | 1,154.5 | ||||||||||||||||||
10% Senior Notes | 962.3 | — | — | — | — | 962.3 | ||||||||||||||||||
Terminated derivative contracts (2) | 257.3 | — | — | — | — | 257.3 | ||||||||||||||||||
Total | $ | 3,894.1 | $ | 98.8 | $ | (8.4 | ) | $ | — | $ | 4.3 | $ | 3,988.8 |
Accrued Interest/Fees | Beginning Balance | Interest and Fees Incurred | Repayments | Ending Balance | ||||||||||||
DIP Term Loan | $ | 1.1 | $ | 4.7 | $ | (4.8 | ) | $ | 1.0 | |||||||
Revolver | 1.5 | 3.9 | (2.9 | ) | 2.5 | |||||||||||
Term Loan B Facility | 8.4 | 2.6 | (11.0 | ) | — | |||||||||||
Terminated derivative contracts | — | 0.6 | (0.6 | ) | — | |||||||||||
Letters of credit and surety | 2.1 | 1.0 | (0.1 | ) | 3.0 | |||||||||||
Total | $ | 13.1 | $ | 12.8 | $ | (19.4 | ) | $ | 6.5 |
Must be completed each month. If the answer to any of the questions is "Yes", provide a detailed explanation of each item. Attach additional sheets if necessary. | Yes | No | Explanation | |
1. | Have any assets been sold or transferred outside the normal course of business this reporting period? | X | ||
2. | Have any funds been disbursed from any account other than a debtor in possession account this reporting period? | X | ||
3. | Is the Debtor delinquent in the timely filing of any postpetition tax returns? | X | ||
4. | Are workers compensation, general liability or other necessary insurance coverages expired or canceled, or has the Debtor received notice of expiration or cancellation of such policies? | X | ||
5. | Is the Debtor delinquent in paying any insurance premium payments? | X | See MOR-4 | |
6. | Have any payments been made on prepetition liabilities this reporting period? | X | The Debtors have made payments on prepetition liabilities as allowed by orders entered by the Court. | |
7. | Are any postpetition receivables (accounts, notes or loans) due from related parties? | X | Intercompany receivables per Note 7 to MOR | |
8. | Are any postpetition payroll taxes past due? | X | See MOR-4 | |
9. | Are any postpetition State or Federal income taxes past due? | X | See MOR-4 | |
10. | Are any postpetition real estate taxes past due? | X | See MOR-4 | |
11. | Are any other postpetition taxes past due? | X | See MOR-4 | |
12. | Have any prepetition taxes been paid during this reporting period? | X | The Debtors have made payments on prepetition taxes as allowed by orders entered by the Court. | |
13. | Are any amounts owed to postpetition creditors delinquent? | X | ||
14. | Are any wage payments past due? | X | ||
15. | Have any post petition loans been received by the Debtor from any party? | X | DIP Term Loan per MOR-6 | |
16. | Is the Debtor delinquent in paying any U.S. Trustee fees? | X | ||
17. | Is the Debtor delinquent with Court ordered payments to attorneys or other professionals? | X | ||
18. | Have the owners or shareholders received any compensation outside of the normal course of business? | X |