XML 18 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows From Operating Activities    
Net loss $ (398.9) $ (1,216.8)
Loss from discontinued operations, net of income taxes 6.4 45.2
Loss from continuing operations, net of income taxes (392.5) (1,171.6)
Adjustments to reconcile loss from continuing operations, net of income taxes to net cash used in operating activities:    
Depreciation, depletion and amortization 227.7 294.6
Noncash interest expense 16.3 15.2
Deferred income taxes (66.9) (89.6)
Noncash share-based compensation 5.1 13.6
Asset impairment 17.2 900.8
Net gain on disposal of assets (15.5) (12.3)
Loss from equity affiliates 9.7 7.0
Gain on VEBA settlement (68.1) 0.0
Settlement of hedge positions (25.0) 0.0
Gains on previously monetized foreign currency hedge positions 0.0 (14.8)
Noncash reorganization items, net 96.8 0.0
Restricted cash (79.7) 0.0
Changes in current assets and liabilities:    
Accounts receivable 34.4 178.1
Change in receivable from accounts receivable securitization program (168.5) 80.0
Inventories 3.7 7.5
Net assets from coal trading activities 6.3 (12.9)
Other current assets (33.4) (3.6)
Accounts payable and accrued expenses (16.7) (277.9)
Asset retirement obligations 14.2 20.5
Accrued postretirement benefit costs (0.6) 11.1
Accrued pension costs 11.5 14.9
Take-or-pay obligation settlement (15.5) 0.0
Other, net 11.9 (13.0)
Net cash used in continuing operations (427.6) (52.4)
Net cash used in discontinued operations (4.2) (4.0)
Net cash used in operating activities (431.8) (56.4)
Cash Flows From Investing Activities    
Additions to property, plant, equipment and mine development (38.1) (50.9)
Changes in accrued expenses related to capital expenditures (7.1) (13.2)
Proceeds from disposal of assets, net of notes receivable 116.0 23.9
Purchases of debt and equity securities 0.0 (17.9)
Proceeds from sales and maturities of debt and equity securities 0.0 27.1
Contributions to joint ventures (159.7) (239.8)
Distributions from joint ventures 163.5 236.7
Other, net (8.9) (2.0)
Net cash provided by (used in) investing activities 65.7 (36.1)
Cash Flows From Financing Activities    
Proceeds from long-term debt 1,422.0 975.7
Repayments of long-term debt (9.0) (660.7)
Payment of deferred financing costs (29.5) (28.7)
Dividends paid 0.0 (1.4)
Distributions to noncontrolling interests (2.5) (1.8)
Other, net (1.9) (1.5)
Net cash provided by financing activities 1,379.1 281.6
Net change in cash and cash equivalents 1,013.0 189.1
Cash and cash equivalents at beginning of period 261.3 298.0
Cash and cash equivalents at end of period $ 1,274.3 $ 487.1