Segment Information (Tables)

3 Months Ended

Mar. 31, 2019

Reportable segment results were as follows:



	Three Months Ended March 31,
	2019			2018
	(Dollars in millions)
Revenues:
Seaborne Thermal Mining	$	251.0		$	201.4
Seaborne Metallurgical Mining	324.5			466.2
Powder River Basin Mining	287.3			389.3
Midwestern U.S. Mining	179.1			201.7
Western U.S. Mining	155.7			143.7
Corporate and Other	53.0			60.4
Total	$	1,250.6		$	1,462.7

Adjusted EBITDA:
Seaborne Thermal Mining	$	94.7		$	61.6
Seaborne Metallurgical Mining	85.8			166.4
Powder River Basin Mining	36.4			74.5
Midwestern U.S. Mining	33.3			31.2
Western U.S. Mining	42.6			32.0
Corporate and Other ⁽¹⁾	(38.9		)	(1.8		)
Total	$	253.9		$	363.9


⁽¹⁾	As described in Note 16. “Other Events,” included in the three months ended March 31, 2018, is the gain of $20.6 million recognized on the sale of certain surplus land assets in Queensland and the gain of $7.1 million recognized on the sale of the Company’s interest in the RMJV.

Reconciliation of Adjusted EBITDA to consolidated loss from continuing operations, net of income taxes

A reconciliation of consolidated income from continuing operations, net of income taxes to Adjusted EBITDA follows:



	Three Months Ended March 31,
	2019			2018
	(Dollars in millions)
Income from continuing operations, net of income taxes	$	133.3		$	208.3
Depreciation, depletion and amortization	172.5			169.6
Asset retirement obligation expenses	13.8			12.3
Provision for North Goonyella equipment loss	24.7			—
North Goonyella insurance recoveries - equipment ⁽¹⁾	(91.1		)	—
Changes in deferred tax asset valuation allowance and reserves and amortization of basis difference related to equity affiliates	—			(7.6		)
Interest expense	35.8			36.3
Interest income	(8.3		)	(7.2		)
Reorganization items, net	—			(12.8		)
Unrealized gains on economic hedges	(39.8		)	(38.6		)
Unrealized (gains) losses on non-coal trading derivative contracts	(0.2		)	1.8
Fresh start take-or-pay contract-based intangible recognition	(5.6		)	(8.3		)
Income tax provision	18.8			10.1
Total Adjusted EBITDA	$	253.9		$	363.9

⁽¹⁾

As described in Note 16. “Other Events,” the Company recorded a $125.0 million insurance recovery during the three months ended March 31, 2019 related to losses incurred at its North Goonyella Mine. Of this amount, Adjusted EBITDA excludes an allocated amount applicable to total equipment losses recognized at the time of the insurance recovery settlement, which consisted of $24.7 million and $66.4 million recognized during the three months ended March 31, 2019 and the year ended December 31, 2018, respectively. The remaining $33.9 million, applicable to incremental costs and business interruption losses, is included in Adjusted EBITDA for the three months ended March 31, 2019.