FORM 8-K |
Patriot Coal Corporation |
(Exact name of registrant as specified in its charter) |
Delaware | 001-33466 | 20-5622045 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
12312 Olive Boulevard, Suite 400 St. Louis, Missouri | 63141 | |
(Address of principal executive offices) | (Zip Code) |
q | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
q | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
q | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
q | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
PATRIOT COAL CORPORATION | ||
By: | /s/ John E. Lushefski | |
John E. Lushefski | ||
Senior Vice President & Chief Financial Officer |
Case No. (Jointly Administered) | 12-51502 |
Reporting Period: | Feb 28, 2013 |
Federal Tax I.D. # | 20-5622045 |
REQUIRED DOCUMENTS | Form No. | Document Attached | Explanation Attached |
Legal Entities and Notes to MOR | x | ||
Schedule of Cash Receipts and Disbursements | MOR-1 | x | |
Bank Account Information | MOR-1a | x | |
Copies of bank statements | x | ||
Cash disbursements journals | x | ||
Statements of Operations (Income Statement) | MOR-2 | x | |
Balance Sheets | MOR-3 | x | |
Status of Post-Petition Taxes | MOR-4 | x | |
Copies of IRS Form 6123 or payment receipt | x | ||
Copies of tax returns filed during reporting period | x | ||
Summary of Unpaid Post-Petition Debts | MOR-4 | x | |
Listing of Aged Accounts Payable | x | ||
Accounts Receivable Reconciliation and Aging | MOR-5 | x | |
Taxes Reconciliation and Aging | MOR-5 | x | |
Schedule of Payments to Professionals | MOR-6 | x | |
Post Petition Secured Notes Adequate Protection Payments | MOR-6 | x | |
Debtor Questionnaire | MOR-7 | x |
/s/ JOHN E. LUSHEFSKI | March 21, 2013 | |||
Signature of Authorized Individual* | Date | |||
John E. Lushefski | ||||
Printed Name of Authorized Individual | ||||
Senior Vice President and Chief Financial Officer | ||||
Title |
* | Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company. |
In re Patriot Coal Corporation | Form No. | Legal Entities and Notes to MOR |
Case No. (Jointly Administered) | 12-51502 | |
Reporting Period: | Feb 28, 2013 | |
Federal Tax I.D. # | 20-5622045 |
Debtor | Case Number |
Patriot Coal Corporation | 12-51502 |
Affinity Mining Company | 12-52020 |
Apogee Coal Company, LLC | 12-52026 |
Appalachia Mine Services, LLC | 12-52021 |
Beaver Dam Coal Company, LLC | 12-52022 |
Big Eagle, LLC | 12-52028 |
Big Eagle Rail, LLC | 12-52027 |
Black Stallion Coal Company, LLC | 12-52030 |
Black Walnut Coal Company | 12-52029 |
Bluegrass Mine Services, LLC | 12-52031 |
Brook Trout Coal, LLC | 12-52034 |
Catenary Coal Company, LLC | 12-52036 |
Central States Coal Reserves of Kentucky, LLC | 12-52038 |
Charles Coal Company, LLC | 12-52037 |
Cleaton Coal Company | 12-52039 |
Coal Clean LLC | 12-52040 |
Coal Properties, LLC | 12-52041 |
Coal Reserve Holding Limited Liability Company No.2 | 12-52042 |
Colony Bay Coal Company | 12-52043 |
Cook Mountain Coal Company, LLC | 12-52044 |
Corydon Resources LLC | 12-52045 |
Coventry Mining Services, LLC | 12-52046 |
Coyote Coal Company LLC | 12-52047 |
Cub Branch Coal Company LLC | 12-52048 |
Dakota LLC | 12-52050 |
Day LLC | 12-52049 |
Dixon Mining Company, LLC | 12-52051 |
Dodge Hill Holding JV, LLC | 12-52053 |
Dodge Hill Mining Company, LLC | 12-52055 |
Dodge Hill of Kentucky, LLC | 12-52054 |
EACC Camps, Inc. | 12-52056 |
Eastern Associated Coal, LLC | 12-52057 |
Eastern Coal Company, LLC | 12-52059 |
Eastern Royalty, LLC | 12-52060 |
Emerald Processing, L.L.C. | 12-52061 |
Gateway Eagle Coal Company, LLC | 12-52062 |
Grand Eagle Mining, LLC | 12-52064 |
In re Patriot Coal Corporation | Form No. | Legal Entities and Notes to MOR |
Case No. (Jointly Administered) | 12-51502 | |
Reporting Period: | Feb 28, 2013 | |
Federal Tax I.D. # | 20-5622045 |
Heritage Coal Company LLC | 12-52063 |
Highland Mining Company, LLC | 12-52065 |
Hillside Mining Company | 12-52066 |
Hobet Mining, LLC | 12-52068 |
Indian Hill Company LLC | 12-52069 |
Infinity Coal Sales, LLC | 12-52070 |
Interior Holdings, LLC | 12-52072 |
IO Coal LLC | 12-52073 |
Jarrell's Branch Coal Company | 12-52075 |
Jupiter Holdings LLC | 12-52076 |
Kanawha Eagle Coal, LLC | 12-52077 |
Kanawha River Ventures I, LLC | 12-52078 |
Kanawha River Ventures II, LLC | 12-52079 |
Kanawha River Ventures III, LLC | 12-52080 |
KE Ventures, LLC | 12-52081 |
Little Creek LLC | 12-52082 |
Logan Fork Coal Company | 12-52083 |
Magnum Coal Company LLC | 12-52084 |
Magnum Coal Sales LLC | 12-52085 |
Martinka Coal Company, LLC | 12-52086 |
Midland Trail Energy LLC | 12-52087 |
Midwest Coal Resources II, LLC | 12-52088 |
Mountain View Coal Company, LLC | 12-52089 |
New Trout Coal Holdings II, LLC | 12-52090 |
Newtown Energy, Inc. | 12-52091 |
North Page Coal Corp. | 12-52092 |
Ohio County Coal Company, LLC | 12-52094 |
Panther LLC | 12-52095 |
Patriot Beaver Dam Holdings, LLC | 12-52017 |
Patriot Coal Company, L.P. | 12-52096 |
Patriot Coal Sales LLC | 12-52097 |
Patriot Coal Services LLC | 12-52102 |
Patriot Leasing Company LLC | 12-52103 |
Patriot Midwest Holdings, LLC | 12-52104 |
Patriot Reserve Holdings, LLC | 12-52105 |
Patriot Trading LLC | 12-52106 |
PCX Enterprises, Inc. | 12-52019 |
Pine Ridge Coal Company, LLC | 12-52107 |
Pond Creek Land Resources, LLC | 12-52108 |
Pond Fork Processing LLC | 12-52110 |
Remington Holdings LLC | 12-52117 |
In re Patriot Coal Corporation | Form No. | Legal Entities and Notes to MOR |
Case No. (Jointly Administered) | 12-51502 | |
Reporting Period: | Feb 28, 2013 | |
Federal Tax I.D. # | 20-5622045 |
Remington II LLC | 12-52118 |
Remington LLC | 12-52119 |
Rivers Edge Mining, Inc. | 12-52120 |
Robin Land Company, LLC | 12-52121 |
Sentry Mining, LLC | 12-52123 |
Snowberry Land Company | 12-52124 |
Speed Mining LLC | 12-52125 |
Sterling Smokeless Coal Company, LLC | 12-52127 |
TC Sales Company, LLC | 12-52128 |
The Presidents Energy Company LLC | 12-52130 |
Thunderhill Coal LLC | 12-52131 |
Trout Coal Holdings, LLC | 12-52132 |
Union County Coal Co., LLC | 12-52133 |
Viper LLC | 12-52134 |
Weatherby Processing LLC | 12-52135 |
Wildcat Energy LLC | 12-52136 |
Wildcat, LLC | 12-52137 |
Will Scarlet Properties LLC | 12-52138 |
Winchester LLC | 12-52139 |
Winifrede Dock Limited Liability Company | 12-52140 |
Yankeetown Dock, LLC | 12-52141 |
In re Patriot Coal Corporation | Form No. | Legal Entities and Notes to MOR |
Case No. (Jointly Administered) | 12-51502 | |
Reporting Period: | Feb 28, 2013 | |
Federal Tax I.D. # | 20-5622045 |
In re Patriot Coal Corporation | Form No. | MOR-1 |
Case No. (Jointly Administered) | 12-51502 | |
Reporting Period: | Feb 28, 2013 | |
Federal Tax I.D. # | 20-5622045 |
Debtor | Case Number | Cash Receipts | Cash Disbursements | ||||
Patriot Coal Corporation | 12-51502 | $ | 82,570 | $ | 34,910 | ||
Affinity Mining Company | 12-52020 | — | — | ||||
Apogee Coal Company, LLC | 12-52026 | — | 10,205 | ||||
Appalachia Mine Services, LLC | 12-52021 | — | 731 | ||||
Beaver Dam Coal Company, LLC | 12-52022 | — | — | ||||
Big Eagle, LLC | 12-52028 | — | 15 | ||||
Big Eagle Rail, LLC | 12-52027 | — | — | ||||
Black Stallion Coal Company, LLC | 12-52030 | — | 3,131 | ||||
Black Walnut Coal Company | 12-52029 | — | — | ||||
Bluegrass Mine Services, LLC | 12-52031 | — | 60 | ||||
Brook Trout Coal, LLC | 12-52034 | — | — | ||||
Catenary Coal Company, LLC | 12-52036 | — | 4,194 | ||||
Central States Coal Reserves of Kentucky, LLC | 12-52038 | — | 211 | ||||
Charles Coal Company, LLC | 12-52037 | — | — | ||||
Cleaton Coal Company | 12-52039 | — | 1 | ||||
Coal Clean LLC | 12-52040 | — | 306 | ||||
Coal Properties, LLC | 12-52041 | — | — | ||||
Coal Reserve Holding Limited Liability Company No.2 | 12-52042 | — | — | ||||
Colony Bay Coal Company | 12-52043 | — | 140 | ||||
Cook Mountain Coal Company, LLC | 12-52044 | — | 3 | ||||
Corydon Resources LLC | 12-52045 | — | 9 | ||||
Coventry Mining Services, LLC | 12-52046 | — | — | ||||
Coyote Coal Company LLC | 12-52047 | — | 2,867 | ||||
Cub Branch Coal Company LLC | 12-52048 | — | — | ||||
Dakota LLC | 12-52050 | — | 8 | ||||
Day LLC | 12-52049 | — | — | ||||
Dixon Mining Company, LLC | 12-52051 | — | — | ||||
Dodge Hill Holding JV, LLC | 12-52053 | — | — | ||||
Dodge Hill Mining Company, LLC | 12-52055 | — | 3,325 | ||||
Dodge Hill of Kentucky, LLC | 12-52054 | — | — | ||||
EACC Camps, Inc. | 12-52056 | — | — | ||||
Eastern Associated Coal, LLC | 12-52057 | — | 20,621 | ||||
Eastern Coal Company, LLC | 12-52059 | — | — | ||||
Eastern Royalty, LLC | 12-52060 | — | 705 | ||||
Emerald Processing, L.L.C. | 12-52061 | — | 177 | ||||
Gateway Eagle Coal Company, LLC | 12-52062 | — | 1,274 | ||||
Grand Eagle Mining, LLC | 12-52064 | — | 416 | ||||
Heritage Coal Company LLC | 12-52063 | — | 1,802 | ||||
Highland Mining Company, LLC | 12-52065 | — | 11,520 |
In re Patriot Coal Corporation | Form No. | MOR-1 |
Case No. (Jointly Administered) | 12-51502 | |
Reporting Period: | Feb 28, 2013 | |
Federal Tax I.D. # | 20-5622045 |
Hillside Mining Company | 12-52066 | — | 94 | ||||
Hobet Mining, LLC | 12-52068 | — | 10,989 | ||||
Indian Hill Company LLC | 12-52069 | — | — | ||||
Infinity Coal Sales, LLC | 12-52070 | — | — | ||||
Interior Holdings, LLC | 12-52072 | — | — | ||||
IO Coal LLC | 12-52073 | — | — | ||||
Jarrell's Branch Coal Company | 12-52075 | — | — | ||||
Jupiter Holdings LLC | 12-52076 | — | 107 | ||||
Kanawha Eagle Coal, LLC | 12-52077 | — | 4,699 | ||||
Kanawha River Ventures I, LLC | 12-52078 | — | — | ||||
Kanawha River Ventures II, LLC | 12-52079 | — | — | ||||
Kanawha River Ventures III, LLC | 12-52080 | — | 4 | ||||
KE Ventures, LLC | 12-52081 | — | — | ||||
Little Creek LLC | 12-52082 | — | 68 | ||||
Logan Fork Coal Company | 12-52083 | — | — | ||||
Magnum Coal Company LLC | 12-52084 | — | 2,333 | ||||
Magnum Coal Sales LLC | 12-52085 | — | — | ||||
Martinka Coal Company, LLC | 12-52086 | — | 77 | ||||
Midland Trail Energy LLC | 12-52087 | — | 2,943 | ||||
Midwest Coal Resources II, LLC | 12-52088 | — | — | ||||
Mountain View Coal Company, LLC | 12-52089 | — | 9 | ||||
New Trout Coal Holdings II, LLC | 12-52090 | — | — | ||||
Newtown Energy, Inc. | 12-52091 | — | 1,092 | ||||
North Page Coal Corp. | 12-52092 | — | — | ||||
Ohio County Coal Company, LLC | 12-52094 | — | 93 | ||||
Panther LLC | 12-52095 | — | 8,010 | ||||
Patriot Beaver Dam Holdings, LLC | 12-52017 | — | — | ||||
Patriot Coal Company, L.P. | 12-52096 | — | 151 | ||||
Patriot Coal Sales LLC | 12-52097 | — | 7,248 | ||||
Patriot Coal Services LLC | 12-52102 | — | 2,056 | ||||
Patriot Leasing Company LLC | 12-52103 | — | 3,605 | ||||
Patriot Midwest Holdings, LLC | 12-52104 | — | — | ||||
Patriot Reserve Holdings, LLC | 12-52105 | — | 61 | ||||
Patriot Trading LLC | 12-52106 | — | — | ||||
PCX Enterprises, Inc. | 12-52019 | — | — | ||||
Pine Ridge Coal Company, LLC | 12-52107 | — | 665 | ||||
Pond Creek Land Resources, LLC | 12-52108 | — | — | ||||
Pond Fork Processing LLC | 12-52110 | — | — | ||||
Remington Holdings LLC | 12-52117 | — | — | ||||
Remington II LLC | 12-52118 | — | — |
In re Patriot Coal Corporation | Form No. | MOR-1 |
Case No. (Jointly Administered) | 12-51502 | |
Reporting Period: | Feb 28, 2013 | |
Federal Tax I.D. # | 20-5622045 |
Remington LLC | 12-52119 | — | 3,258 | ||||
Rivers Edge Mining, Inc. | 12-52120 | — | 12 | ||||
Robin Land Company, LLC | 12-52121 | — | 1,732 | ||||
Sentry Mining, LLC | 12-52123 | — | — | ||||
Snowberry Land Company | 12-52124 | — | — | ||||
Speed Mining LLC | 12-52125 | — | 3,097 | ||||
Sterling Smokeless Coal Company, LLC | 12-52127 | — | — | ||||
TC Sales Company, LLC | 12-52128 | — | — | ||||
The Presidents Energy Company LLC | 12-52130 | — | — | ||||
Thunderhill Coal LLC | 12-52131 | — | — | ||||
Trout Coal Holdings, LLC | 12-52132 | — | — | ||||
Union County Coal Co., LLC | 12-52133 | — | — | ||||
Viper LLC | 12-52134 | — | — | ||||
Weatherby Processing LLC | 12-52135 | — | — | ||||
Wildcat Energy LLC | 12-52136 | — | 865 | ||||
Wildcat, LLC | 12-52137 | — | 24 | ||||
Will Scarlet Properties LLC | 12-52138 | — | 15 | ||||
Winchester LLC | 12-52139 | — | — | ||||
Winifrede Dock Limited Liability Company | 12-52140 | — | 9 | ||||
Yankeetown Dock, LLC | 12-52141 | — | — |
In re Patriot Coal Corporation | Form No. | MOR-1a |
Case No. (Jointly Administered) | 12-51502 | |
Reporting Period: | Feb 28, 2013 | |
Federal Tax I.D. # | 20-5622045 |
Legal Entity | Case Number | Bank Name / Address | Account Number | Bank Balance | ||
Patriot Coal Corporation | 12-51502 | Bank of America, 901 Main Street, 7th Floor, Dallas, TX 75202 | 7867 | $ | 14,689 | |
Patriot Coal Corporation | 12-51502 | Bank of America, 901 Main Street, 7th Floor, Dallas, TX 75202 | 1665 | — | ||
Patriot Coal Corporation | 12-51502 | Bank of America, 901 Main Street, 7th Floor, Dallas, TX 75202 | 8796 | 200,016 | ||
Patriot Coal Corporation | 12-51502 | Bank of America, 901 Main Street, 7th Floor, Dallas, TX 75202 | 1872 | — | ||
Patriot Coal Corporation | 12-51502 | PNC Bank, 201 East Fifth Street, Cincinnati, OH 45202 | 0808 | 100 | ||
Patriot Coal Corporation | 12-51502 | PNC Bank, 201 East Fifth Street, Cincinnati, OH 45202 | 0744 | 2,000 | ||
Patriot Coal Corporation | 12-51502 | PNC Bank, 201 East Fifth Street, Cincinnati, OH 45202 | 0736 | 5,000 | ||
Patriot Coal Corporation | 12-51502 | The Private Bank and Trust, 1401 South Brentwood Blvd., Saint Louis, MO 63144 | 0847 | 20,000 | ||
Patriot Coal Corporation | 12-51502 | The Private Bank and Trust, 1401 South Brentwood Blvd., Saint Louis, MO 63144 | 9577 | 1 | ||
Patriot Coal Corporation | 12-51502 | Comerica Bank, 1717 Main Street, Dallas, TX 75201 | 0469 | closed | ||
Patriot Coal Corporation | 12-51502 | Sovereign/Santander, One Aldwyn Center, Villanova, PA 19085 | 0078 | closed | ||
Patriot Coal Corporation | 12-51502 | BB&T, 233 Wyndale Road, PO Box 1209, Abingdon, VA 24212 | 0285 | 1,008 | ||
Patriot Coal Corporation | 12-51502 | Old National Bank, PO Box 23, Henderson, KY 42419-0023 | 5798 | 27 | ||
Patriot Coal Corporation | 12-51502 | United National Bank (WV), 500 Virginia Street East, Charleston, WV 25301 | 9778 | 5 | ||
Patriot Coal Corporation | 12-51502 | Reich and Tang, 1411 Broadway, 28th Floor, New York, NY 10018 | 0688 | closed | ||
Apogee Coal Company, LLC | 12-52026 | Logan Bank and Trust Company | 3013 | 3 | ||
Appalachia Mine Services, LLC | 12-52021 | Premier Bank Boone Division, 300 State Street, Madison, WV 25130 | 9760 | 4 | ||
Catenary Coal Company, LLC | 12-52036 | City National Bank, 25 Gatewater Road, P.O. Box 7520, Charleston, WV 25356-0520 | 6124 | 9 | ||
Dodge Hill Mining Company, LLC | 12-52055 | Old National Bank, PO Box 718, Evansville, IN 47705 | 4618 | 4 | ||
Eastern Associated Coal, LLC | 12-52057 | Boone County Bank, PO Box 7, Madison, WV 25130 | 2203 | 3 | ||
Eastern Associated Coal, LLC | 12-52057 | Clear Mountain Bank, PO Box 205, Bruceton Mills, WV 26525 | 3650 | 5 | ||
Emerald Processing, L.L.C. | 12-52061 | TruPoint Bank, 1897 Lee Highway, Bristol, VA 24202 | 7076 | 6 | ||
Emerald Processing, L.L.C. | 12-52061 | TruPoint Bank, 1897 Lee Highway, Bristol, VA 24202 | 4393 | 15 |
In re Patriot Coal Corporation | Form No. | MOR-1a |
Case No. (Jointly Administered) | 12-51502 | |
Reporting Period: | Feb 28, 2013 | |
Federal Tax I.D. # | 20-5622045 |
Heritage Coal Company LLC | 12-52063 | Old National Bank, PO Box 718, Evansville, IN 47705 | 9523 | 2 | ||
Heritage Coal Company LLC | 12-52063 | US Bank, EP-MN-WS3C, 60 Livingston Ave, 3rd Floor, St Paul, MN 55107 | 6000 | — | ||
Highland Mining Company, LLC | 12-52065 | Old National Bank, PO Box 718, Evansville, IN 47705 | 3346 | 3 | ||
Hobet Mining, LLC | 12-52068 | United Bank, 500 Virginia Street East, Charleston, WV 25301 | 5973 | 5 | ||
Kanawha Eagle Coal, LLC | 12-52077 | Whitesville State Bank, P.O. Box 68, Whitesville, WV 25209 | 9116 | 4 | ||
Kanawha Eagle Coal, LLC | 12-52077 | BB&T , 233 Wyndale Road, PO Box 1209, Abingdon, VA 24212 | 0365 | 99 | ||
Magnum Coal Company LLC | 12-52084 | Huntington Bank, 919 5th Ave., Huntington, WV 25701 | 8169 | 26 | ||
Midland Trail Energy LLC | 12-52087 | City National Bank, 25 Gatewater Road, P.O. Box 7520, Charleston, WV 25356-0520 | 7457 | 2 | ||
Newtown Energy, Inc. | 12-52091 | TruPoint Bank, 1897 Lee Highway, Bristol, VA 24202 | 7068 | 2 | ||
Newtown Energy, Inc. | 12-52091 | TruPoint Bank, 1897 Lee Highway, Bristol, VA 24202 | 4628 | 8 | ||
Panther LLC | 12-52095 | City National Bank, 25 Gatewater Road, P.O. Box 7520, Charleston, WV 25356-0520 | 0773 | 2 | ||
Panther LLC | 12-52095 | City National Bank, 25 Gatewater Road, P.O. Box 7520, Charleston, WV 25356-0520 | 1670 | 2 | ||
Patriot Coal Company, L.P. | 12-52096 | Ohio Valley National Bank, PO Box 5, Henderson, KY 42420 | 9129 | 7 | ||
PCX Enterprises, Inc. | 12-52019 | Capital One Bank, 404 Fifth Ave., 4th Floor, New York, NY 10018 | 3612 | — | ||
Pine Ridge Coal Company, LLC | 12-52107 | Whitesville State Bank, P.O. Box 68, Whitesville, WV 25209 | 6286 | closed | ||
Robin Land Company, LLC | 12-52121 | Huntington Bank, 919 5th Ave., Huntington, WV 25701 | 1897 | 3 |
In re Patriot Coal Corporation | Form No. | MOR-2 |
Case No. (Jointly Administered) | 12-51502 | |
Reporting Period: | Feb 28, 2013 | |
Federal Tax I.D. # | 20-5622045 |
Debtor Entities | Non-Debtor Entities | Eliminations | Consolidated Patriot Coal Corporation | ||||||||||||
Revenues | |||||||||||||||
Sales | $ | 104,219 | $ | — | $ | — | $ | 104,219 | |||||||
Other revenues | 853 | — | — | 853 | |||||||||||
Total revenues | 105,072 | — | — | 105,072 | |||||||||||
Cost and expenses | |||||||||||||||
Operating costs and expenses | 120,310 | — | — | 120,310 | |||||||||||
Depreciation, depletion and amortization | 14,452 | — | — | 14,452 | |||||||||||
Asset retirement obligation expense | 5,796 | — | — | 5,796 | |||||||||||
Impairment and restructuring charge | 12 | — | — | 12 | |||||||||||
Selling and administrative expenses | 3,333 | — | — | 3,333 | |||||||||||
Net gain on disposal or exchange of assets | (2,072 | ) | — | — | (2,072 | ) | |||||||||
Loss from equity affiliates | — | 1,184 | — | 1,184 | |||||||||||
Loss from non-debtor entities | 1,184 | — | (1,184 | ) | — | ||||||||||
Operating loss | (37,943 | ) | (1,184 | ) | 1,184 | (37,943 | ) | ||||||||
Interest expense and other | 4,297 | — | — | 4,297 | |||||||||||
Interest income | (3 | ) | — | — | (3 | ) | |||||||||
Loss before reorganization items and income taxes | (42,237 | ) | (1,184 | ) | 1,184 | (42,237 | ) | ||||||||
Reorganization items, net (1) | 4,910 | — | — | 4,910 | |||||||||||
Loss before income taxes | (47,147 | ) | (1,184 | ) | 1,184 | (47,147 | ) | ||||||||
Income tax benefit | — | — | — | — | |||||||||||
Net loss | $ | (47,147 | ) | $ | (1,184 | ) | $ | 1,184 | $ | (47,147 | ) |
Professional fees | 4,915 | ||
Interest income | (5 | ) | |
Reorganization items, net | $ | 4,910 |
In re Patriot Coal Corporation | Form No. | MOR-3 |
Case No. (Jointly Administered) | 12-51502 | |
Reporting Period: | Feb 28, 2013 | |
Federal Tax I.D. # | 20-5622045 |
Debtor Entities | Non-Debtor Entities | Eliminations | Consolidated Patriot Coal Corporation | ||||||||||||
ASSETS | |||||||||||||||
Current assets | |||||||||||||||
Cash and cash equivalents | $ | 241,939 | $ | 59 | $ | — | $ | 241,998 | |||||||
Accounts receivable and other, net of allowance | 116,167 | — | — | 116,167 | |||||||||||
Inventories | 102,706 | — | — | 102,706 | |||||||||||
Prepaid expenses and other current assets | 104,805 | 641 | — | 105,446 | |||||||||||
Total current assets | 565,617 | 700 | — | 566,317 | |||||||||||
Property, plant, equipment and mine development | |||||||||||||||
Land and coal interests | 2,893,799 | — | — | 2,893,799 | |||||||||||
Buildings and improvements | 583,714 | — | — | 583,714 | |||||||||||
Machinery and equipment | 763,474 | — | — | 763,474 | |||||||||||
Less accumulated depreciation, depletion and amortization | (1,153,678 | ) | — | — | (1,153,678 | ) | |||||||||
Property, plant, equipment and mine development, net | 3,087,309 | — | — | 3,087,309 | |||||||||||
Cash collateralization deposits | 64,990 | — | — | 64,990 | |||||||||||
Investments and other assets | 6,158 | 23,576 | — | 29,734 | |||||||||||
Investments in non-debtor entities | 18,337 | — | (18,337 | ) | — | ||||||||||
Intercompany receivable (payable) | 2,753 | (2,753 | ) | — | — | ||||||||||
Total assets | $ | 3,745,164 | $ | 21,523 | $ | (18,337 | ) | $ | 3,748,350 | ||||||
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | |||||||||||||||
Current liabilities | |||||||||||||||
Accounts payable and accrued expenses | $ | 224,749 | $ | 3,186 | $ | — | $ | 227,935 | |||||||
Current portion of debt | 376,816 | — | — | 376,816 | |||||||||||
Total current liabilities | 601,565 | 3,186 | — | 604,751 | |||||||||||
Long-term debt, less current maturities | 2,230 | — | — | 2,230 | |||||||||||
Asset retirement obligation | 723,344 | — | — | 723,344 | |||||||||||
Workers' compensation obligations | 255,570 | — | — | 255,570 | |||||||||||
Postretirement Coal Act benefit obligations | 87,805 | — | — | 87,805 | |||||||||||
Obligation to industry fund | 33,735 | — | — | 33,735 | |||||||||||
Other noncurrent liabilities | 87,477 | — | — | 87,477 | |||||||||||
Total liabilities not subject to compromise | 1,791,726 | 3,186 | — | 1,794,912 | |||||||||||
Liabilities subject to compromise (1) | 2,261,699 | — | — | 2,261,699 | |||||||||||
Total liabilities | 4,053,425 | 3,186 | — | 4,056,611 | |||||||||||
Stockholders' equity (deficit) | (308,261 | ) | 18,337 | (18,337 | ) | (308,261 | ) | ||||||||
Total liabilities and stockholders' equity (deficit) | $ | 3,745,164 | $ | 21,523 | $ | (18,337 | ) | $ | 3,748,350 |
In re Patriot Coal Corporation | Form No. | MOR-3 |
Case No. (Jointly Administered) | 12-51502 | |
Reporting Period: | Feb 28, 2013 | |
Federal Tax I.D. # | 20-5622045 |
In re Patriot Coal Corporation | Form No. | MOR-3 |
Case No. (Jointly Administered) | 12-51502 | |
Reporting Period: | Feb 28, 2013 | |
Federal Tax I.D. # | 20-5622045 |
Postretirement benefit obligations, excluding Coal Act | $ | 1,514,760 | |
Unsecured debt | 458,500 | ||
Interest payable | 4,838 | ||
Rejected executory contracts and leases | 156,586 | ||
Trade payables | 91,587 | ||
Other accruals | 35,428 | ||
$ | 2,261,699 |
In re Patriot Coal Corporation | Form No. | MOR-4 |
Case No. (Jointly Administered) | 12-51502 | |
Reporting Period: | Feb 28, 2013 | |
Federal Tax I.D. # | 20-5622045 |
Beginning Tax Liability | Amount Withheld and/or Accrued | Amount (Paid) Received | Ending Tax Liability | ||||||||||
Payroll Taxes - Federal, State and Local | $ | 1,615 | $ | 9,716 | $ | (9,678 | ) | $ | 1,653 | ||||
Federal Taxes, excluding Payroll Taxes | |||||||||||||
Federal Production Tax | 772 | 1,042 | (821 | ) | 993 | ||||||||
Federal Income Tax | — | — | — | — | |||||||||
Total Federal Taxes, excluding Payroll Taxes | 772 | 1,042 | (821 | ) | 993 | ||||||||
State and Local Taxes, excluding Payroll Taxes | |||||||||||||
State Production Tax | 23,661 | 2,898 | (6,976 | ) | 19,583 | ||||||||
Real Estate Tax | 10,243 | 810 | (7,453 | ) | 3,600 | ||||||||
Personal Property Tax | 6,608 | 909 | (3,927 | ) | 3,590 | ||||||||
Sales Tax | 1 | — | — | 1 | |||||||||
Use Tax | 150 | 127 | (119 | ) | 158 | ||||||||
Franchise Tax | (473 | ) | 52 | (46 | ) | (467 | ) | ||||||
Other Taxes | 76 | 26 | (95 | ) | 7 | ||||||||
Total State and Local Taxes, excluding Payroll Taxes | 40,266 | 4,822 | (18,616 | ) | 26,472 | ||||||||
Total Taxes | $ | 42,653 | $ | 15,580 | $ | (29,115 | ) | $ | 29,118 | ||||
In re Patriot Coal Corporation | Form No. | MOR-6 |
Case No. (Jointly Administered) | 12-51502 | |
Reporting Period: | Feb 28, 2013 | |
Federal Tax I.D. # | 20-5622045 |
Amount Paid | ||||||||||
Professional | Role | Month | Cumulative from July 9, 2012 | |||||||
AlixPartners/AP Services | Bankruptcy & Restructuring Advisors | $ | 1,246 | $ | 3,873 | |||||
Blackstone Advisory Partners L.P. | Investment Banker | 146 | 858 | |||||||
Bryan Cave LLP | Restructuring & Corporate Counsel | 35 | 35 | |||||||
Carmody MacDonald P.C. | UCC Counsel | 32 | 32 | |||||||
Cole, Schotz, Miesel, Forman & Leonard, P.A. | UCC Conflicts Counsel | 31 | 482 | |||||||
Curtis, Mallet-Prevost, Colt & Mosle LLP | Conflicts Counsel | 59 | 285 | |||||||
Davis Polk & Wardwell LLP | Special Counsel | 1,570 | 12,564 | |||||||
EPIQ Bankruptcy Solutions, LLC | UCC Information Agent | 4 | 18 | |||||||
GCG, Inc. | Notice, Claim & Administrative Agent | 534 | 2,663 | |||||||
Houlihan Lokey Capital, Inc. | UCC Financial Advisor & Investment Banker | — | 667 | |||||||
Kramer Levin Naftalis & Frankel, LLP | UCC Counsel | 564 | 4,059 | |||||||
Mesirow Financial Consulting, LLC | UCC Financial Advisor | 637 | 637 | |||||||
Weil, Gotshal & Manges LLP | DIP Lender Counsel | — | 1,209 | |||||||
Willkie Farr & Gallagher LLP | DIP Lender Counsel | 119 | 1,350 |
In re Patriot Coal Corporation | Form No. | MOR-7 |
Case No. (Jointly Administered) | 12-51502 | |
Reporting Period: | Feb 28, 2013 | |
Federal Tax I.D. # | 20-5622045 |
Must be completed each month. If the answer to any of the questions is “Yes”, provide a detailed explanation of each item. Attach additional sheets if necessary. | Yes | No | Explanation | ||
1 | Have any assets been sold or transferred outside the normal course of business this reporting period? | ü | |||
2 | Have any funds been disbursed from any account other than a debtor in possession account this reporting period? | ü | Disbursements from Non-Debtor account acquired in December 2012 | ||
3 | Is the Debtor delinquent in the timely filing of any post-petition tax returns? | ü | |||
4 | Are workers compensation, general liability or other necessary insurance coverages expired or cancelled, or has the debtor received notice of expiration or cancellation of such policies? | ü | |||
5 | Is the Debtor delinquent in paying any insurance premium payment? | ü | |||
6 | Have any payments been made on pre-petition liabilities this reporting period? | ü | Only per motions approved by the court | ||
7 | Are any post petition receivables (accounts, notes or loans) due from related parties? | ü | Normal course of business | ||
8 | Are any post petition payroll taxes past due? | ü | |||
9 | Are any post petition State or Federal income taxes past due? | ü | |||
10 | Are any post petition real estate taxes past due? | ü | |||
11 | Are any other post petition taxes past due? | ü | |||
12 | Have any pre-petition taxes been paid during this reporting period? | ü | Only per motions approved by the court | ||
13 | Are any amounts owed to post petition creditors delinquent? | ü | |||
14 | Are any wage payments past due? | ü | |||
15 | Have any post petition loans been received by the Debtor from any party? | ü | Ordinary course of business purchase money promissory note for equipment | ||
16 | Is the Debtor delinquent in paying any U.S. Trustee fees? | ü | |||
17 | Is the Debtor delinquent with any court ordered payments to attorneys or other professionals? | ü | |||
18 | Have the owners or shareholders received any compensation outside of the normal course of business? | ü |