Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

Reportable segment results were as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(Dollars in millions)
Revenue:
Seaborne Thermal Mining	$	354.9	$	194.1	$	606.1	$	370.5
Seaborne Metallurgical Mining	533.8		121.0		855.1		208.5
Powder River Basin Mining	229.7		248.6		480.9		477.0
Other U.S. Thermal Mining	224.9		162.1		428.0		311.4
Corporate and Other	(21.4)		(2.4)		(356.8)		7.3
Total	$	1,321.9	$	723.4	$	2,013.3	$	1,374.7

Adjusted EBITDA:
Seaborne Thermal Mining	$	176.8	$	71.4	$	267.3	$	99.9
Seaborne Metallurgical Mining	299.7		(26.4)		480.7		(48.8)
Powder River Basin Mining	(2.0)		45.5		5.6		75.6
Other U.S. Thermal Mining	61.9		44.3		111.9		80.5
Corporate and Other	41.4		(12.7)		39.8		(24.0)
Total	$	577.8	$	122.1	$	905.3	$	183.2

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(Dollars in millions)
Income (loss) from continuing operations, net of income taxes	$	411.3	$	(23.0)	$	291.5	$	(100.7)
Depreciation, depletion and amortization	73.8		77.1		146.7		145.4
Asset retirement obligation expenses	12.7		15.1		27.7		31.0
Restructuring charges	0.2		2.1		1.8		4.2




Changes in deferred tax asset valuation allowance and reserves and amortization of basis difference related to equity affiliates	(0.6)		(0.5)		(1.2)		(2.0)
Interest expense	37.6		45.4		77.0		97.8
Net loss (gain) on early debt extinguishment	2.3		(11.8)		25.8		(15.3)
Interest income	(0.9)		(1.3)		(1.4)		(2.8)

Unrealized losses on derivative contracts related to forecasted sales	24.5		23.7		325.5		25.6
Unrealized losses on foreign currency option contracts	6.3		1.2		3.0		8.8

Take-or-pay contract-based intangible recognition	(0.7)		(1.1)		(1.4)		(2.2)
Income tax provision (benefit)	11.3		(4.8)		10.3		(6.6)
Adjusted EBITDA	$	577.8	$	122.1	$	905.3	$	183.2