Equity Method Investments

3 Months Ended

Mar. 31, 2019

The Company had total equity method investments of $48.4 million and $45.9 million reflected in “Investments and other assets” in the condensed consolidated balance sheets as of March 31, 2019 and December 31, 2018, respectively, related to Middlemount Coal Pty Ltd (Middlemount). Included in “Income from equity affiliates” in the unaudited condensed consolidated statements of operations was $3.8 million and $22.2 million related to Middlemount for the three months ended March 31, 2019 and 2018, respectively. Middlemount’s standalone results include (on a 50% attributable basis):



	Three Months Ended March 31,
	2019		2018
	(Dollars in millions)
Depreciation, depletion and amortization and asset retirement obligation expenses	$	3.6	$	3.9
Net interest expense	2.2		3.6
Income tax provision	1.7		5.1

The Company received cash payments from Middlemount of $1.1 million and $35.8 million during the three months ended March 31, 2019 and 2018, respectively.