Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment results for the year ended December 31, 2022 were as follows:


	Seaborne Thermal Mining		Seaborne Metallurgical Mining		Powder River Basin Mining		Other U.S. Thermal Mining		Corporate and Other		Consolidated
	(Dollars in millions)
Revenue	$	1,345.6	$	1,616.9	$	1,065.5	$	952.2	$	1.7	$	4,981.9
Adjusted EBITDA	647.6		781.7		68.2		242.4		104.8		1,844.7
Additions to property, plant, equipment and mine development	38.8		84.8		59.1		35.3		3.5		221.5

Income from equity affiliates	—		—		—		—		(131.2)		(131.2)

Segment results for the year ended December 31, 2021 were as follows:


	Seaborne Thermal Mining		Seaborne Metallurgical Mining		Powder River Basin Mining		Other U.S. Thermal Mining		Corporate and Other		Consolidated
	(Dollars in millions)
Revenue	$	934.0	$	727.7	$	971.2	$	689.1	$	(3.7)	$	3,318.3
Adjusted EBITDA	353.1		178.2		134.9		164.2		86.3		916.7
Additions to property, plant, equipment and mine development	88.6		25.1		41.4		24.2		3.8		183.1

Income from equity affiliates	—		—		—		—		(82.1)		(82.1)

Segment results for the year ended December 31, 2020 were as follows:


	Seaborne Thermal Mining		Seaborne Metallurgical Mining		Powder River Basin Mining		Other U.S. Thermal Mining		Corporate and Other		Consolidated
	(Dollars in millions)
Revenue	$	711.8	$	486.5	$	991.1	$	707.3	$	(15.6)	$	2,881.1
Adjusted EBITDA	163.2		(130.2)		194.8		168.4		(137.4)		258.8
Additions to property, plant, equipment and mine development	100.7		50.8		13.2		23.3		3.4		191.4

Loss from equity affiliates	—		—		—		—		60.1		60.1

Assets as of December 31, 2022 were as follows:


	Seaborne Mining		U.S. Thermal Mining		Corporate and Other		Consolidated
	(Dollars in millions)
Total assets	$	1,632.6	$	1,359.4	$	2,618.8	$	5,610.8
Property, plant, equipment and mine development, net	1,220.7		1,217.5		426.8		2,865.0
Operating lease right-of-use assets	20.5		0.5		5.9		26.9

Assets as of December 31, 2021 were as follows:


	Seaborne Mining		U.S. Thermal Mining		Corporate and Other		Consolidated
	(Dollars in millions)
Total assets	$	1,669.6	$	1,318.5	$	1,961.7	$	4,949.8
Property, plant, equipment and mine development, net	1,298.8		1,209.5		442.3		2,950.6
Operating lease right-of-use assets	19.2		3.3		13.0		35.5

Assets as of December 31, 2020 were as follows:


	Seaborne Mining		U.S. Thermal Mining		Corporate and Other		Consolidated
	(Dollars in millions)
Total assets	$	1,763.0	$	1,345.3	$	1,558.8	$	4,667.1
Property, plant, equipment and mine development, net	1,347.3		1,258.8		445.0		3,051.1
Operating lease right-of-use assets	30.8		3.5		15.6		49.9

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


	Year Ended December 31,
	2022		2021		2020
	(Dollars in millions)
Income (loss) from continuing operations, net of income taxes	$	1,317.4	$	347.4	$	(1,859.8)
Depreciation, depletion and amortization	317.6		308.7		346.0
Asset retirement obligation expenses	49.4		44.7		45.7
Restructuring charges	2.9		8.3		37.9
Transaction costs related to joint ventures	—		—		23.1

Asset impairment	11.2		—		1,487.4


Changes in deferred tax asset valuation allowance and reserves and amortization of basis difference related to equity affiliates	(2.3)		(33.8)		30.9
Interest expense	140.3		183.4		139.8
Net loss (gain) on early debt extinguishment	57.9		(33.2)		—
Interest income	(18.4)		(6.5)		(9.4)
Net mark-to-market adjustment on actuarially determined liabilities	(27.8)		(43.4)		(5.1)




Unrealized losses on derivative contracts related to forecasted sales	35.8		115.1		29.6
Unrealized losses (gains) on foreign currency option contracts	2.3		7.5		(7.1)

Take-or-pay contract-based intangible recognition	(2.8)		(4.3)		(8.2)
Income tax (benefit) provision	(38.8)		22.8		8.0
Total Adjusted EBITDA	$	1,844.7	$	916.7	$	258.8

The following table presents revenue as a percent of total revenue from external customers by geographic region: