Supplemental Guarantor and Non-Guarantor Financial Information (Tables)

3 Months Ended

Mar. 31, 2015

Supplemental Guarantor and Non-Guarantor Financial Information [Abstract]

Schedule of supplemental condensed consolidating balance sheets

SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEETS (UNAUDITED)

MARCH 31, 2015

(in thousands)

	Parent (Issuer)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total Consolidated
ASSETS
Cash and cash equivalents	$	394,156	$	281	$	40,269	$	—		$	434,706
Trade receivables, net	—		81,359		8,139		—			89,498
Other receivables	123,094		1,984		1,170		—			126,248
Intercompany receivables	—		205,976		4,949		(210,925		)	—
Inventories	—		110,545		61,790		—			172,335
Deferred income taxes	15,984		—		833		—			16,817
Prepaid expenses	5,162		33,427		1,572		—			40,161
Other current assets	171		6,675		2,120		—			8,966
Total current assets	538,567		440,247		120,842		(210,925		)	888,731
Mineral interests, net	—		133,458		2,686,282		—			2,819,740
Property, plant and equipment, net	6,978		686,071		730,998		—			1,424,047
Investment in subsidiaries	3,160,580		6,528		—		(3,167,108		)	—
Other long-term assets	43,085		13,445		13,389		—			69,919
Total assets	$	3,749,210	$	1,279,749	$	3,551,511	$	(3,378,033	)	$	5,202,437
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	$	6,643	$	35,921	$	4,983	$	—		$	47,547
Accrued expenses	85,059		57,215		13,371		—			155,645
Intercompany payables	210,925		—		—		(210,925		)	—
Pension and other postretirement benefits obligation	473		28,937		—		—			29,410
Other current liabilities	170,696		26,640		16,261		—			213,597
Current debt	3,001,037		11,090		3,147		—			3,015,274
Total current liabilities	3,474,833		159,803		37,762		(210,925		)	3,461,473
Pension and other postretirement benefits obligation	10,516		632,937		—		—			643,453
Deferred income taxes	26,206		—		678,498		—			704,704
Other long-term liabilities	40,506		98,928		56,224		—			195,658
Total liabilities	3,552,061		891,668		772,484		(210,925		)	5,005,288
Stockholders' equity	197,149		388,081		2,779,027		(3,167,108		)	197,149
Total liabilities and stockholders' equity	$	3,749,210	$	1,279,749	$	3,551,511	$	(3,378,033	)	$	5,202,437

SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEETS (UNAUDITED)

DECEMBER 31, 2014

(in thousands)

	Parent (Issuer)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total Consolidated
ASSETS
Cash and cash equivalents	$	421,533	$	1,117	$	45,882	$	—		$	468,532
Trade receivables, net	—		88,959		2,098		—			91,057
Other receivables	123,659		2,193		1,185		—			127,037
Intercompany receivables	—		206,118		14,952		(221,070		)	—
Inventories	—		110,882		90,716		—			201,598
Deferred income taxes	15,986		—		833		—			16,819
Prepaid expenses	3,424		40,044		2,722		—			46,190
Other current assets (1)	106		7,029		2,150		—			9,285
Total current assets	564,708		456,342		160,538		(221,070		)	960,518
Mineral interests, net	—		135,377		2,701,424		—			2,836,801
Property, plant and equipment, net	7,558		726,478		732,261		—			1,466,297
Investment in subsidiaries	3,233,399		6,459		—		(3,239,858		)	—
Other long-term assets (1)	43,420		17,857		6,471		—			67,748
	$	3,849,085	$	1,342,513	$	3,600,694	$	(3,460,928	)	$	5,331,364
LIABILITIES AND STOCKHOLDERS' EQUITY
Current debt	$	—	$	7,209	$	5,118	$	—		$	12,327
Accounts payable	2,296		30,697		5,987		—			38,980
Accrued expenses	43,088		60,762		21,468		—			125,318
Intercompany payables	221,070		—		—		(221,070		)	—
Pension and other postretirement benefits obligation	95		28,937		—		—			29,032
Other current liabilities	168,444		27,172		20,336		—			215,952
Total current liabilities	434,993		154,777		52,909		(221,070		)	421,609
Long-term debt (1)	3,063,121		5,704		53		—			3,068,878
Pension and other postretirement benefits obligation	10,502		630,729		—		—			641,231
Deferred income taxes	23,766		—		706,919		—			730,685
Other long-term liabilities	35,122		96,599		55,659		—			187,380
Total liabilities	3,567,504		887,809		815,540		(221,070		)	5,049,783
Stockholders' equity	281,581		454,704		2,785,154		(3,239,858		)	281,581
	$	3,849,085	$	1,342,513	$	3,600,694	$	(3,460,928	)	$	5,331,364

(1) In the current quarter, the Company adopted ASU 2015-03 to present debt issuance costs as a direct deduction to the carrying amount of debt. The adoption of this guidance has been applied on a retrospective basis. See Note 1 to the Condensed Consolidated Financial Statements for additional information.

Schedule of supplemental condensed consolidating statements of operations

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(UNAUDITED)

THREE MONTHS ENDED MARCH 31, 2015

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total Consolidated
Revenues:
Sales	$	—		$	248,370		$	37,276		$	—	$	285,646
Miscellaneous income	453			255			4,572			—		5,280
Total revenues	453			248,625			41,848			—		290,926
Cost and expenses:
Cost of sales (exclusive of depreciation and depletion)	—			232,416			52,277			—		284,693
Depreciation and depletion	575			36,264			22,343			—		59,182
Selling, general and administrative	5,383			12,495			3,183			—		21,061
Other postretirement benefits	(67		)	12,400			—			—		12,333
Total costs and expenses	5,891			293,575			77,803			—		377,269
Operating loss	(5,438		)	(44,950		)	(35,955		)	—		(86,343		)
Interest expense, net	(76,356		)	(195		)	(1,685		)	—		(78,236		)
Gain on extinguishment of debt	58,626			—			—			—		58,626
Loss before income tax benefit	(23,168		)	(45,145		)	(37,640		)	—		(105,953		)
Income tax benefit	—			—			(25,757		)	—		(25,757		)
Equity in net losses of subsidiaries	(57,028		)	—			—			57,028		—
Net loss	$	(80,196	)	$	(45,145	)	$	(11,883	)	$	57,028	$	(80,196	)

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(UNAUDITED)

THREE MONTHS ENDED MARCH 31, 2014

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations		Total Consolidated
Revenues:
Sales	$	—		$	324,911	$	80,318		$	—	$	405,229
Miscellaneous income	655			1,879		6,122			—		8,656
Total revenues	655			326,790		86,440			—		413,885
Cost and expenses:
Cost of sales (exclusive of depreciation and depletion)	—			254,041		95,834			—		349,875
Depreciation and depletion	648			38,101		37,675			—		76,424
Selling, general and administrative	1,153			13,858		5,768			—		20,779
Other postretirement benefits	(44		)	13,913		—			—		13,869
Total costs and expenses	1,757			319,913		139,277			—		460,947
Operating income (loss)	(1,102		)	6,877		(52,837		)	—		(47,062		)
Interest income (expense), net	(72,404		)	7,234		(262		)	—		(65,432		)
Loss on extinguishment of debt	(13,889		)	—		—			—		(13,889		)
Other loss	(1,700		)	—		(56		)	—		(1,756		)
Income (loss) before income tax expense (benefit)	(89,095		)	14,111		(53,155		)	—		(128,139		)
Income tax expense (benefit)	(18,561		)	2,629		(20,029		)	—		(35,961		)
Equity in net losses of subsidiaries	(21,644		)	—		—			21,644		—
Net income (loss)	$	(92,178	)	$	11,482	$	(33,126	)	$	21,644	$	(92,178	)

Schedule of supplemental condensed consolidating statements of comprehensive income (loss)

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE

INCOME (LOSS) (UNAUDITED)

THREE MONTHS ENDED MARCH 31, 2015

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Net loss	$	(80,196	)	$	(45,145	)	$	(11,883	)	$	57,028		$	(80,196	)
Other comprehensive income (loss):
Change in pension and other postretirement benefit plans, net of tax	3,699			3,550			—			(3,550		)	3,699
Change in foreign currency translation adjustment	(18,325		)	—			(18,325		)	18,325			(18,325		)
Total other comprehensive income (loss)	(14,626		)	3,550			(18,325		)	14,775			(14,626		)
Total comprehensive loss	$	(94,822	)	$	(41,595	)	$	(30,208	)	$	71,803		$	(94,822	)

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE

INCOME (LOSS) (UNAUDITED)

THREE MONTHS ENDED MARCH 31, 2014

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Net income (loss)	$	(92,178	)	$	11,482	$	(33,126	)	$	21,644		$	(92,178	)
Other comprehensive income (loss):
Change in pension and other postretirement benefit plans, net of tax	3,519			3,804		—			(3,804		)	3,519
Change in unrealized gain on hedges, net of tax	1,679			3		—			(3		)	1,679
Change in foreign currency translation adjustment	2,164			—		2,164			(2,164		)	2,164
Total other comprehensive income	7,362			3,807		2,164			(5,971		)	7,362
Total comprehensive income (loss)	$	(84,816	)	$	15,289	$	(30,962	)	$	15,673		$	(84,816	)

Schedule of supplemental condensed consolidating statement of cash flows

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

(UNAUDITED)

THREE MONTHS ENDED MARCH 31, 2015

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total Consolidated
Cash flows provided by (used in) operating activities	$	29,810		$	(35,097	)	$	(7,612	)	$	—	$	(12,899	)
INVESTING ACTIVITIES
Additions to property, plant and equipment	(360		)	(16,195		)	(812		)	—		(17,367		)
Proceeds from sale of property, plant and equipment	—			1,329			—			—		1,329
Other	—			—			356			—		356
Cash flows used in investing activities	(360		)	(14,866		)	(456		)	—		(15,682		)
FINANCING ACTIVITIES
Retirements of debt	—			(1,760		)	(1,735		)	—		(3,495		)
Advances from (to) consolidated entities	(56,767		)	50,887			5,880			—		—
Other	(60		)	—			—			—		(60		)
Cash flows provided by (used in) financing activities	(56,827		)	49,127			4,145			—		(3,555		)
Effect of foreign exchange rates on cash	—			—			(1,690		)	—		(1,690		)
Net decrease in cash and cash equivalents	(27,377		)	(836		)	(5,613		)	—		(33,826		)
Cash and cash equivalents at beginning of period	421,533			1,117			45,882			—		468,532
Cash and cash equivalents at end of period	$	394,156		$	281		$	40,269		$	—	$	434,706

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

(UNAUDITED)

THREE MONTHS ENDED MARCH 31, 2014

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Cash flows provided by (used in) operating activities	$	(100,236	)	$	146,110		$	(10,484	)	$	—		$	35,390
INVESTING ACTIVITIES
Additions to property, plant and equipment	(1,421		)	(9,117		)	(1,743		)	—			(12,281		)
Intercompany loans made	(2,500		)	—			—			2,500			—
Other	—			—			(151		)	—			(151		)
Cash flows used in investing activities	(3,921		)	(9,117		)	(1,894		)	2,500			(12,432		)
FINANCING ACTIVITIES
Proceeds from issuance of debt	553,000			—			—			—			553,000
Retirements of debt	(406,566		)	(1,511		)	(1,847		)	—			(409,924		)
Dividends paid	(626		)	—			—			—			(626		)
Debt issuance costs	(20,343		)	—			—			—			(20,343		)
Advances from (to) consolidated entities	124,182			(135,728		)	11,546			—			—
Intercompany notes borrowings	—			—			2,500			(2,500		)	—
Other	(119		)	(47		)	—			—			(166		)
Cash flows provided by (used in) financing activities	249,528			(137,286		)	12,199			(2,500		)	121,941
Effect of foreign exchange rates on cash	—			—			(1,002		)	—			(1,002		)
Net increase (decrease) in cash and cash equivalents	145,371			(293		)	(1,181		)	—			143,897
Cash and cash equivalents at beginning of period	234,150			1,620			25,048			—			260,818
Cash and cash equivalents at end of period	$	379,521		$	1,327		$	23,867		$	—		$	404,715