XML 59 R47.htm IDEA: XBRL DOCUMENT v3.22.2
Long-term Debt - Narrative (Details)
3 Months Ended 6 Months Ended
Mar. 07, 2022
USD ($)
Sep. 30, 2022
USD ($)
Jun. 30, 2022
USD ($)
d
$ / shares
shares
Mar. 31, 2022
USD ($)
shares
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
d
$ / shares
shares
Jun. 30, 2021
USD ($)
Mar. 01, 2025
Jul. 25, 2022
USD ($)
Mar. 01, 2022
USD ($)
Feb. 24, 2022
$ / shares
Dec. 31, 2021
USD ($)
shares
Jan. 29, 2021
USD ($)
Nov. 06, 2020
USD ($)
Debt Instrument [Line Items]                            
Debt issuance cost     $ 28,000,000.0     $ 28,000,000.0           $ 34,800,000    
Interest expense     37,600,000   $ 45,400,000 77,000,000.0 $ 97,800,000              
Net loss (gain) on early debt extinguishment     2,300,000   11,800,000 25,800,000 (15,300,000)              
Finance lease obligations     24,100,000     24,100,000           $ 29,300,000    
Letters of credit outstanding, amount     475,100,000     475,100,000                
Proceeds from common stock issuances, net of costs           222,000,000.0 65,100,000              
Proceeds from (Payments for) Deposits Applied to Debt Retirements           270,900,000                
Payments for Deposits Applied to Debt Retirements           232,400,000                
Interest Paid, Capitalized, Investing Activities     $ 40,600,000   48,000,000.0 77,800,000 104,300,000              
Extinguishment of Debt, Gain (Loss), Net of Tax           $ 23,000,000                
Letter of Credit                            
Debt Instrument [Line Items]                            
Stated interest rate     0.75%     0.75%                
Line of credit facility, maximum borrowing capacity     $ 250,000,000     $ 250,000,000                
Common Stock                            
Debt Instrument [Line Items]                            
Common stock, shares issued (in shares) | shares     187,100,000     187,100,000           176,300,000    
Common stock, shares authorized (in shares) | shares     450,000,000.0     450,000,000.0           450,000,000.0    
Sale of Stock, Number of Shares Issued in Transaction | shares           10,000,000                
Shares Issued, Price Per Share | $ / shares                     $ 14.98      
At Market Issuance                            
Debt Instrument [Line Items]                            
Sale of Stock, Number of Shares Issued in Transaction | shares       24,800,000                    
At Market Issuance | Common Stock                            
Debt Instrument [Line Items]                            
Sale of Stock, Description of Transaction 225.0 million                          
Common Stock                            
Debt Instrument [Line Items]                            
Proceeds from common stock issuances, net of costs     $ 106,100,000                      
Common Stock | At Market Issuance                            
Debt Instrument [Line Items]                            
Proceeds from common stock issuances, net of costs       $ 269,800,000                    
10.00% Revolving Credit Facility maturing 2025                            
Debt Instrument [Line Items]                            
Line of Credit Facility, Borrowing Capacity, Description           225.0 million                
Proceeds from lines of credit           $ 222,000,000                
Line of Credit, Current     0     $ 0                
10.00% Revolving Credit Facility maturing 2025 | At Market Issuance | Common Stock                            
Debt Instrument [Line Items]                            
Sale of Stock, Number of Shares Issued in Transaction | shares           10,100,000                
Surety Bond                            
Debt Instrument [Line Items]                            
Interest expense     13,600,000   $ 13,900,000 $ 27,100,000 $ 24,700,000              
Obligations                            
Debt Instrument [Line Items]                            
Debt instrument, repurchase amount     $ 5,700,000     $ 5,700,000                
Senior Notes | 3.250% Convertible Senior Notes due March 2028 (2028 Convertible Notes)                            
Debt Instrument [Line Items]                            
Stated interest rate     3.25%     3.25%                
Long-term debt     $ 320,000,000.0     $ 320,000,000.0           $ 0    
Principal amount                   $ 320,000,000        
Debt Issuance Costs, Gross     $ 11,200,000     $ 11,200,000                
Debt Instrument, Convertible, Threshold Consecutive Trading Days     30     30                
Debt Instrument, Principle Amount     $ 1,000     $ 1,000                
Common Stock, Excess of the Conversion Price, Percentage     1.30     1.30                
Principle Amount, Percentage     0.98     0.98                
Conversion of Stock, Shares Issued | shares           50.3816                
Debt Instrument, Convertible, Conversion Price | $ / shares     $ 19.85     $ 19.85                
Conversion Price Premium, Percent                     0.325      
Aggregate Principle Amount, Notes Outstanding     $ 75,000,000     $ 75,000,000                
Senior Notes | 3.250% Convertible Senior Notes due March 2028 (2028 Convertible Notes) | Subsequent Event                            
Debt Instrument [Line Items]                            
Principle Amount, Percentage               1            
Senior Notes | 3.250% Convertible Senior Notes due March 2028 (2028 Convertible Notes) | Minimum                            
Debt Instrument [Line Items]                            
Debt Instrument, Convertible, Threshold Consecutive Trading Days     20                      
Senior Notes | 6.000% Senior Secured Notes due March 2022 (2022 Notes)                            
Debt Instrument [Line Items]                            
Stated interest rate     6.00%     6.00%                
Long-term debt     $ 0     $ 0           23,100,000    
Payments for Deposits Applied to Debt Retirements           $ 23,100,000                
Senior Notes | 6.375% Senior Secured Notes due March 2025 (2025 Notes)                            
Debt Instrument [Line Items]                            
Stated interest rate     6.375%     6.375%                
Long-term debt     $ 77,500,000     $ 77,500,000           334,900,000    
Debt Instrument, Debt Default, Amount     $ 257,400,000     $ 257,400,000                
Senior Notes | 8.500% Senior Secured Notes due December 2024 (2024 Peabody Notes)                            
Debt Instrument [Line Items]                            
Stated interest rate     8.50%     8.50%                
Long-term debt     $ 0     $ 0           62,600,000    
Debt Instrument, Exchange Offer, Required Purchase Amount                       $ 38,600,000    
Debt Instrument, Exchange Offer, Required Purchase, Percentage Of Accreted Value     0.25     0.25           0.94940    
Debt Instrument Exchanged, Aggregate Principal Amount     $ 30,000,000     $ 30,000,000           $ 100,000    
Cash collateral or restricted cash requirement     $ 28,500,000     $ 28,500,000                
Senior Notes | 10.000% Senior Secured Notes due December 2024 (2024 Co-Issuer Notes)                            
Debt Instrument [Line Items]                            
Stated interest rate     10.00%     10.00%                
Net loss (gain) on early debt extinguishment     $ (3,300,000)     $ (500,000)                
Long-term debt     193,600,000     193,600,000           193,900,000    
Outstanding borrowings     43,900,000     43,900,000                
Debt Instrument, Covenant, Liquidity Attributable To Co-Issuers                         $ 60,000,000  
Mandatory principal prepayment, if required, period payable, threshold           105,600,000                
Debt instrument, repurchase amount     $ 50,000,000     $ 50,000,000                
Debt Securities, Available-for-Sale, Weighted Average Yield     103.91%     103.91%                
30 day repurchase threshold | d     30     30                
Senior Notes | 10.000% Senior Secured Notes due December 2024 (2024 Co-Issuer Notes) | Forecast                            
Debt Instrument [Line Items]                            
Mandatory principal prepayment, if required, period payable, threshold   $ 65,100,000                        
Senior Notes | 10.000% Senior Secured Notes due December 2024 (2024 Co-Issuer Notes) | 2024 Co-Issuer Notes                            
Debt Instrument [Line Items]                            
Debt instrument, repurchase amount     $ 93,900,000     $ 93,900,000                
Senior Notes | 10.000% Senior Secured Notes due December 2024 (2024 Co-Issuer Notes) | Subsequent Event | 2024 Co-Issuer Notes                            
Debt Instrument [Line Items]                            
Debt instrument, repurchase amount                 $ 97,500,000          
Senior Notes | 10.000% Senior Secured Notes due December 2024 (2024 Co-Issuer Notes) | Weighted Average                            
Debt Instrument [Line Items]                            
Debt instrument, repurchase amount     $ 52,000,000     $ 52,000,000                
Senior Notes | 10.00% Revolving Credit Facility maturing 2025                            
Debt Instrument [Line Items]                            
Stated interest rate     10.00%     10.00%                
Line of credit facility, maximum borrowing capacity $ 150,000,000                          
Senior Notes | Peabody Notes                            
Debt Instrument [Line Items]                            
Debt Instrument, Debt Default, Amount     $ 62,600,000     $ 62,600,000                
Senior Notes | New Co-Issuer Term Note                            
Debt Instrument [Line Items]                            
Mandatory principal prepayment, if required, period payable, threshold           300,000                
Term Loan | Senior Secured Term Loan due 2024 (Co-Issuer Term Loans)                            
Debt Instrument [Line Items]                            
Long-term debt     138,800,000     138,800,000           206,000,000.0    
Term Loan | Senior Secured Term Loan due 2025, net of original issue discount (Senior Secured Term Loan)                            
Debt Instrument [Line Items]                            
Long-term debt     320,900,000     320,900,000           $ 322,800,000    
Outstanding borrowings     22,600,000     22,600,000                
Debt instrument, repurchase amount     $ 21,300,000     $ 21,300,000                
Term Loan | Successor Credit Agreement                            
Debt Instrument [Line Items]                            
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate     4.37%     4.37%                
Term Loan | Successor Credit Agreement | London Interbank Offered Rate (LIBOR) [Member]                            
Debt Instrument [Line Items]                            
Basis spread on variable rate           2.75%                
Line of credit | Letter of Credit                            
Debt Instrument [Line Items]                            
Debt Instrument, Covenant, Aggregate Liquidity At End Of Each Quarter     $ 125,000,000     $ 125,000,000                
Surety Bond                            
Debt Instrument [Line Items]                            
Transaction support agreements, additional collateral to be posted                           $ 75,000,000
Loans | New Co-Issuer Term Loans                            
Debt Instrument [Line Items]                            
Mandatory principal prepayment, if required, period payable, threshold           17,200,000                
Debt instrument, pro rata portion of the offer     37,900,000     37,900,000                
Loans | 2024 Co-Issuer Notes                            
Debt Instrument [Line Items]                            
Debt instrument, pro rata portion of the offer     $ 27,200,000     $ 27,200,000