Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Reportable segment results were as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(Dollars in millions)
Revenue:
Seaborne Thermal	$	297.4	$	353.2	$	1,043.4	$	959.3
Seaborne Metallurgical	247.0		310.7		907.9		1,165.8
Powder River Basin	313.0		290.5		878.0		771.4
Other U.S. Thermal	228.2		261.4		677.5		689.4
Corporate and Other	(6.7)		126.7		204.9		(230.1)
Total	$	1,078.9	$	1,342.5	$	3,711.7	$	3,355.8

Adjusted EBITDA:
Seaborne Thermal	$	115.5	$	171.2	$	477.0	$	438.5
Seaborne Metallurgical	78.6		113.2		271.9		593.9
Powder River Basin	54.1		37.9		116.1		43.5
Other U.S. Thermal	49.1		72.7		165.2		184.6
Corporate and Other	(27.3)		43.9		(11.4)		83.7
Total	$	270.0	$	438.9	$	1,018.8	$	1,344.2

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(Dollars in millions)
Income from continuing operations, net of income taxes	$	128.8	$	384.4	$	617.0	$	675.9
Depreciation, depletion and amortization	82.3		80.7		239.2		227.4
Asset retirement obligation expenses	15.4		13.1		46.3		40.8
Restructuring charges	0.9		1.0		3.0		2.8

Asset impairment	—		1.7		2.0		1.7
Provision for NARM and Shoal Creek loss	3.3		—		37.0		—

Changes in amortization of basis difference related to equity affiliates	(0.5)		(0.5)		(1.2)		(1.7)
Interest expense	13.8		33.8		45.5		110.8
Net loss on early debt extinguishment	—		8.7		8.8		34.5
Interest income	(20.3)		(4.9)		(56.5)		(6.3)

Unrealized (gains) losses on derivative contracts related to forecasted sales	—		(90.4)		(159.0)		235.1
Unrealized losses (gains) on foreign currency option contracts	0.5		1.4		(0.1)		4.4

Take-or-pay contract-based intangible recognition	(0.7)		(0.8)		(1.9)		(2.2)
Income tax provision	46.5		10.7		238.7		21.0
Adjusted EBITDA	$	270.0	$	438.9	$	1,018.8	$	1,344.2