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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Successor    
Cash Flows From Operating Activities    
Net income $ 207.0  
Loss from discontinued operations, net of income taxes 1.3  
Income from continuing operations, net of income taxes 208.3  
Adjustments to reconcile income from continuing operations, net of income taxes to net cash provided by operating activities:    
Depreciation, depletion and amortization 169.6  
Noncash interest expense, net 3.1  
Deferred income taxes 0.7  
Noncash share-based compensation 8.1  
Asset impairment 0.0  
Net gain on disposals (30.6)  
Income from equity affiliates (22.0)  
Foreign currency option contracts 2.0  
Reclassification from other comprehensive earnings for terminated hedge contracts 0.0  
Noncash reorganization items, net (12.8)  
Changes in current assets and liabilities:    
Accounts receivable 117.1  
Inventories 25.2  
Net assets from coal trading activities (11.6)  
Other current assets (25.6)  
Accounts payable and accrued expenses (42.5)  
Collateral arrangements 214.0  
Asset retirement obligations 7.0  
Workers’ compensation obligations 0.3  
Postretirement benefit obligations (2.6)  
Pension obligations (32.3)  
Other, net 5.3  
Net cash provided by continuing operations 580.7  
Net cash used in discontinued operations (1.0)  
Net cash provided by operating activities 579.7  
Cash Flows From Investing Activities    
Additions to property, plant, equipment and mine development (53.7)  
Changes in accrued expenses related to capital expenditures (4.9)  
Federal coal lease expenditures (0.5)  
Proceeds from disposal of assets, net of receivables 23.0  
Contributions to joint ventures (123.5)  
Distributions from joint ventures 120.7  
Advances to related parties (2.0)  
Repayments of loans from related parties 35.3  
Payments for (Proceeds from) Other Investing Activities 0.8  
Net cash (used in) provided by investing activities (6.4)  
Cash Flows From Financing Activities    
Proceeds from long-term debt 0.0  
Repayments of long-term debt (8.2)  
Payment of deferred financing costs 0.0  
Common stock repurchases (175.5)  
Dividends paid (15.0)  
Distributions to noncontrolling interests (6.6)  
Proceeds from (Payments for) Other Financing Activities 0.2  
Net cash (used in) provided by financing activities (205.1)  
Net change in cash, cash equivalents and restricted cash 368.2  
Cash, cash equivalents and restricted cash at beginning of period [1] 1,070.2  
Cash, cash equivalents and restricted cash at end of period [2] 1,438.4  
Cash and cash equivalents at beginning of period 1,012.1  
Restricted cash at beginning of period 40.1  
Restricted cash included in investments and other assets at beginning of period 18.0  
Cash, cash equivalents and restricted cash at beginning of period [1] 1,070.2  
Cash and cash equivalents at end of period 1,416.6  
Restricted cash at end of period 0.0  
Restricted cash included in investments and other assets at end of period $ 21.8  
Predecessor    
Cash Flows From Operating Activities    
Net income   $ 120.2
Loss from discontinued operations, net of income taxes   4.1
Income from continuing operations, net of income taxes   124.3
Adjustments to reconcile income from continuing operations, net of income taxes to net cash provided by operating activities:    
Depreciation, depletion and amortization   119.9
Noncash interest expense, net   0.5
Deferred income taxes   1.7
Noncash share-based compensation   1.9
Asset impairment   30.5
Net gain on disposals   (22.8)
Income from equity affiliates   (15.0)
Foreign currency option contracts   0.0
Reclassification from other comprehensive earnings for terminated hedge contracts   27.6
Noncash reorganization items, net   10.0
Changes in current assets and liabilities:    
Accounts receivable   159.3
Inventories   (47.2)
Net assets from coal trading activities   (0.5)
Other current assets   0.1
Accounts payable and accrued expenses   (64.9)
Collateral arrangements   (66.4)
Asset retirement obligations   10.2
Workers’ compensation obligations   (3.1)
Postretirement benefit obligations   0.8
Pension obligations   5.4
Other, net   (8.0)
Net cash provided by continuing operations   264.3
Net cash used in discontinued operations   (8.2)
Net cash provided by operating activities   256.1
Cash Flows From Investing Activities    
Additions to property, plant, equipment and mine development   (32.8)
Changes in accrued expenses related to capital expenditures   (1.4)
Federal coal lease expenditures   (0.5)
Proceeds from disposal of assets, net of receivables   24.3
Contributions to joint ventures   (95.4)
Distributions from joint ventures   90.5
Advances to related parties   (0.4)
Repayments of loans from related parties   31.1
Payments for (Proceeds from) Other Investing Activities   0.3
Net cash (used in) provided by investing activities   15.1
Cash Flows From Financing Activities    
Proceeds from long-term debt   1,000.0
Repayments of long-term debt   (2.1)
Payment of deferred financing costs   (45.4)
Common stock repurchases   0.0
Dividends paid   0.0
Distributions to noncontrolling interests   (0.1)
Proceeds from (Payments for) Other Financing Activities   (0.1)
Net cash (used in) provided by financing activities   952.3
Net change in cash, cash equivalents and restricted cash   1,223.5
Cash, cash equivalents and restricted cash at beginning of period   941.2
Cash, cash equivalents and restricted cash at end of period   2,164.7
Cash, cash equivalents and restricted cash at beginning of period   $ 941.2
[1] The following table provides a reconciliation of “Cash, cash equivalents and restricted cash at beginning of period”:
[2] The following table provides a reconciliation of “Cash, cash equivalents and restricted cash at end of period”: