Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2022

Disaggregation of Revenue by Product Type and Market

With respect to its seaborne mining segments, the Company classifies as “Export” certain revenue from domestically-delivered coal under contracts in which the price is derived on a basis similar to export contracts.


	Three Months Ended March 31, 2022
	Seaborne Thermal Mining		Seaborne Metallurgical Mining		Powder River Basin Mining		Other U.S. Thermal Mining		Corporate and Other (1)		Consolidated
	(Dollars in millions)
Thermal coal
Domestic	$	40.4	$	—	$	251.5	$	199.9	$	—	$	491.8
Export	210.5		—		—		—		—		210.5
Total thermal	250.9		—		251.5		199.9		—		702.3
Metallurgical coal

Export	—		318.0		—		—		—		318.0
Total metallurgical	—		318.0		—		—		—		318.0
Other (2)	0.3		3.3		(0.3)		3.2		(335.4)		(328.9)
Revenue	$	251.2	$	321.3	$	251.2	$	203.1	$	(335.4)	$	691.4


	Three Months Ended March 31, 2021
	Seaborne Thermal Mining		Seaborne Metallurgical Mining		Powder River Basin Mining		Other U.S. Thermal Mining		Corporate and Other (1)		Consolidated
	(Dollars in millions)
Thermal coal
Domestic	$	44.1	$	—	$	228.4	$	146.8	$	—	$	419.3
Export	131.9		—		—		—		—		131.9
Total thermal	176.0		—		228.4		146.8		—		551.2
Metallurgical coal

Export	—		86.6		—		—		—		86.6
Total metallurgical	—		86.6		—		—		—		86.6
Other (2)	0.4		0.9		—		2.5		9.7		13.5
Revenue	$	176.4	$	87.5	$	228.4	$	149.3	$	9.7	$	651.3

(1) Corporate and Other revenue includes net losses related to unrealized mark-to-market adjustments on derivatives related to forecasted sales and other financial trading activity of $290.2 million and $4.9 million during the three months ended March 31, 2022 and 2021, respectively. Refer to Note 7. “Derivatives and Fair Value Measurements” for additional information. Also included in Corporate and Other revenue is revenue with customers of $19.0 million and $17.9 million during the three months ended March 31, 2022 and 2021, respectively.

(2) Other includes revenue from arrangements such as customer contract-related payments associated with volume shortfalls, royalties related to coal lease agreements, sales agency commissions, farm income and property and facility rentals.

Schedule of Accounts Receivable

“Accounts receivable, net” at March 31, 2022 and December 31, 2021 consisted of the following:


	March 31, 2022		December 31, 2021
	(Dollars in millions)
Trade receivables, net	$	323.4	$	307.0
Miscellaneous receivables, net	34.0		43.5
Accounts receivable, net	$	357.4	$	350.5