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Summary Quarterly Financial Information
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Data [Abstract]  
Summary Quarterly Financial Information (Unaudited)
Summary of Quarterly Financial Information (Unaudited)
Subsequent to the original filing of the Annual Report on Form 10-K for the year ended December 31, 2016, an error was identified that impacted previously reported results, as discussed in Note 1. "Basis of Presentation." The tables below set forth the revised unaudited quarterly results of operations amounts for the years ended December 31, 2016 and 2015, as compared to the amounts previously reported.
 
Year Ended December 31, 2016
 
Previously Reported
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
(In millions, except per share data)
Loss from continuing operations, net of income taxes
$
(161.7
)
 
$
(230.8
)
 
$
(95.6
)
 
$
(186.2
)
Net loss
(165.1
)
 
(233.8
)
 
(133.7
)
 
(199.3
)
Net loss attributable to common stockholders
(165.1
)
 
(235.5
)
 
(135.5
)
 
(203.7
)
Basic and diluted loss per share - loss from continuing operations(1)
$
(8.85
)
 
$
(12.71
)
 
$
(5.32
)
 
$
(10.42
)
(1) EPS for the quarters may not sum to the amounts for the year as each period is computed on a discrete basis.
 
Year Ended December 31, 2015
 
Previously Reported
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
(In millions, except per share data)
Loss from continuing operations, net of income taxes
$
(164.4
)
 
$
(1,007.2
)
 
$
(144.4
)
 
$
(497.9
)
Net loss
(173.3
)
 
(1,043.5
)
 
(301.9
)
 
(470.2
)
Net loss attributable to common stockholders
(176.6
)
 
(1,045.3
)
 
(304.7
)
 
(469.4
)
Basic and diluted loss per share - loss from continuing operations(1)
$
(9.31
)
 
$
(55.59
)
 
$
(8.08
)
 
$
(27.28
)
(1) EPS for the quarters may not sum to the amounts for the year as each period is computed on a discrete basis.

A summary of the unaudited quarterly results of operations for the years ended December 31, 2016 and 2015 is presented below.
 
Year Ended December 31, 2016
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
(In millions, except per share data)
Revenues
$
1,027.2

 
$
1,040.2

 
$
1,207.1

 
$
1,440.8

Operating loss
(102.7
)
 
(107.7
)
 
(21.6
)
 
(44.9
)
Loss from continuing operations, net of income taxes
(167.7
)
 
(223.2
)
 
(97.7
)
 
(175.2
)
Net loss
(171.1
)
 
(226.2
)
 
(135.8
)
 
(188.3
)
Net loss attributable to common stockholders
(171.1
)
 
(227.9
)
 
(137.6
)
 
(192.7
)
Basic and diluted EPS — continuing operations(1)
$
(9.17
)
 
$
(12.30
)
 
$
(5.44
)
 
$
(9.82
)
Weighted average shares used in calculating basic and diluted EPS
18.3

 
18.3

 
18.3

 
18.3

(1) 
EPS for the quarters may not sum to the amounts for the year as each period is computed on a discrete basis.
Operating loss for the first quarter and second quarter of 2016 reflected $26.4 million and $10.3 million of debt restructuring costs, respectively. Operating loss for the first and fourth quarters of 2016 included $17.2 million and $230.7 million of asset impairment costs, respectively, primarily driven by the impairment of Metropolitan Mine to reflect estimated selling price. The operating loss for the second quarter of 2016 included net gain on disposal of assets of $13.7 million, primarily driven by net gains on sale of the Olive Downs South tenements and participation interest in Prairie State Energy Campus of $2.8 million and $6.2 million, respectively. Operating loss for the fourth quarter of 2016 included income from equity affiliates of $28.8 million, due to favorable coal pricing at Middlemount. Loss from continuing operations, net of income taxes for the first quarter included $126.2 million of interest expense, while the following three quarters experienced significant decreases in interest expense due to bankruptcy filing and stay of interest payments. Loss from continuing operations, net of income taxes for the second, third and fourth quarters of 2016 reflected $95.4 million, $29.7 million and $33.9 million of reorganization items, net due to bankruptcy filing and ongoing chapter 11 cases, respectively. Loss from continuing operations, net of income taxes for the fourth quarter of 2016 included a loss on debt extinguishment of $29.5 million resulting from the repayment of debtor-in-possession term loan. Loss from discontinued operations, net of income for the third and fourth quarters reflected $38.1 million and $13.1 million of Patriot bankruptcy related charges associated with black lung liabilities and the UMWA Combined Benefit fund, respectively.
 
Year Ended December 31, 2015
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
(In millions, except per share data)
Revenues
$
1,537.9

 
$
1,339.3

 
$
1,418.9

 
$
1,313.1

Operating profit (loss)
2.2

 
(975.8
)
 
(20.4
)
 
(470.8
)
Loss from continuing operations, net of income taxes
(148.8
)
 
(1,006.0
)
 
(126.4
)
 
(502.0
)
Net loss
(157.7
)
 
(1,042.3
)
 
(283.9
)
 
(474.3
)
Net loss attributable to common stockholders
(161.0
)
 
(1,044.1
)
 
(286.7
)
 
(473.5
)
Basic and diluted EPS — continuing operations(1)
$
(8.44
)
 
$
(55.53
)
 
$
(7.09
)
 
$
(27.50
)
Weighted average shares used in calculating basic and diluted EPS
18.0

 
18.2

 
18.2

 
18.2

(1) 
EPS for the quarters may not sum to the amounts for the year as each period is computed on a discrete basis.
Operating loss for the fourth quarter of 2015 reflected $377.0 million of asset impairment costs. Operating loss for the second quarter of 2015 included $900.8 million of asset impairment costs and $21.2 million of restructuring and pension settlement charges. Loss from continuing operations for the first and second quarter of 2015 included losses on early debt extinguishment of $59.5 million and $8.3 million, respectively. Loss from continuing operations, net of income taxes for the first, third, and fourth quarters of 2015 included benefits (expenses) related to the remeasurement of foreign income tax accounts of $0.2 million, $0.8 million and $(0.5) million, respectively. Loss from continuing operations, net of income taxes, for the second quarter and fourth quarter of 2015 included a tax benefit related to asset impairment of $67.4 million and $7.9 million, respectively. Loss from continuing operations, net of income taxes, for the fourth quarter of 2015 included an increase in valuation allowance on certain U.S. deferred tax assets of $177.0 million. Loss from discontinued operations, net of income taxes, for the third quarter of 2015 included $155.1 million of Patriot bankruptcy related charges associated with black lung liabilities and the UMWA Combined Benefit Fund. Loss from discontinued operations, net of income taxes, for the second quarter of 2015 reflected a $34.7 million charge, net of taxes, related to adverse changes in the fair value of credit support provided to Patriot. Loss from discontinued operations for the first quarter of 2015 included a contingent loss accrual of $7.6 million associated with the QBH litigation.