XML 87 R7.htm IDEA: XBRL DOCUMENT v3.19.3
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Dec. 31, 2018
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Dec. 31, 2018
Sep. 30, 2019
Dec. 31, 2018
Cash Flows From Operating Activities                  
Net income $ (78.1)   $ 79.8 $ 91.3 $ 403.2        
Loss from discontinued operations, net of income taxes 3.8   4.1 10.6 9.0        
Income from continuing operations, net of income taxes (74.3)   83.9 101.9 412.2        
Adjustments to reconcile income from continuing operations, net of income taxes to net cash provided by operating activities:                  
Depreciation, depletion and amortization 141.5   169.6 479.4 503.1        
Noncash interest expense, net       11.4 11.3        
Deferred income taxes       (0.4) 17.5        
Noncash share-based compensation       30.2 25.6        
Asset impairment 20.0   0.0 20.0 0.0        
Net gain on disposals (1.1)   (20.8) (2.8) (49.8)        
Loss (income) from equity affiliates 20.7   (17.2) 7.5 (64.4)        
Provision for North Goonyella equipment loss 0.0   49.3 24.7 49.3   $ 66.4    
Foreign currency option contracts       3.5 7.9        
Noncash reorganization items, net       0.0 (12.8)        
Changes in current assets and liabilities:                  
Accounts receivable       118.9 177.3        
Inventories       (15.1) 14.4        
Other current assets       (27.3) (36.2)        
Accounts payable and accrued expenses       (115.1) (39.0)        
Collateral arrangements       0.0 323.1        
Asset retirement obligations       9.1 9.5        
Workers’ compensation obligations       0.5 (0.4)        
Postretirement benefit obligations       (37.8) (6.6)        
Pension obligations       (16.9) (68.8)        
Other, net       (13.9) 10.6        
Net cash provided by continuing operations       577.8 1,283.8        
Net cash used in discontinued operations       (25.2) (23.0)        
Net cash provided by operating activities       552.6 1,260.8        
Cash Flows From Investing Activities                  
Additions to property, plant, equipment and mine development       (182.8) (186.5)        
Changes in accrued expenses related to capital expenditures       (5.6) (7.0)        
Federal coal lease expenditures       0.0 (0.5)        
Insurance proceeds attributable to North Goonyella equipment losses       23.2 0.0        
Proceeds from disposal of assets, net of receivables       27.6 69.0        
Amount attributable to acquisition of Shoal Creek Mine       (2.4) 0.0        
Contributions to joint ventures       (326.4) (358.2)        
Distributions from joint ventures       316.7 355.0        
Advances to related parties       (12.5) (5.6)        
Cash receipts from Middlemount Coal Pty Ltd       14.7 81.1        
Investment in equity securities       0.0 (10.0)        
Other, net       (0.1) (2.8)        
Net cash used in investing activities       (147.6) (65.5)        
Cash Flows From Financing Activities                  
Repayments of long-term debt       (23.9) (73.0)        
Payment of debt issuance and other deferred financing costs       (6.4) (21.2)        
Common stock repurchases       (300.2) (699.6)        
Repurchase of employee common stock relinquished for tax withholding       (12.3) (14.5)        
Dividends paid       (243.9) (44.6)        
Distributions to noncontrolling interests       (23.4) (10.3)        
Other, net       0.1 0.1        
Net cash used in financing activities       (610.0) (863.1)        
Net change in cash, cash equivalents and restricted cash       (205.0) 332.2        
Cash, cash equivalents and restricted cash at beginning of period   $ 1,402.4   1,017.4 1,070.2 $ 1,402.4 1,070.2    
Cash, cash equivalents and restricted cash at end of period 812.4 1,017.4 1,402.4 812.4 1,402.4 812.4 1,017.4    
Reconciliation of cash, cash equivalents and restricted cash                  
Cash and cash equivalents               $ 759.1 $ 981.9
Restricted cash included in “Investments and other assets”               53.3 35.5
Cash, cash equivalents and restricted cash $ 812.4 $ 1,402.4 $ 1,402.4 $ 1,017.4 $ 1,070.2 $ 1,402.4 $ 1,070.2 $ 812.4 $ 1,017.4