Supplemental Guarantor and Non-Guarantor Financial Information (Tables)

6 Months Ended

Jun. 30, 2015

Supplemental Guarantor and Non-Guarantor Financial Information

Schedule of supplemental condensed consolidating balance sheets

SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEETS (UNAUDITED)

JUNE 30, 2015

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total Consolidated
ASSETS
Cash and cash equivalents	$	230,340		$	—	$	36,663	$	—		$	267,003
Trade receivables, net	—			70,005		1,665		—			71,670
Other receivables	125,524			2,684		527		—			128,735
Intercompany receivables	4,401			134,300		—		(138,701		)	—
Inventories	—			100,627		61,479		—			162,106
Deferred income taxes	15,984			—		263		—			16,247
Prepaid expenses	8,118			40,773		3,303		—			52,194
Other current assets	164			6,673		2,243		—			9,080
Total current assets	384,531			355,062		106,143		(138,701		)	707,035
Mineral interests, net	—			132,125		314,445		—			446,570
Property, plant and equipment, net	6,618			683,146		213,921		—			903,685
Investment in subsidiaries	814,796			6,477		—		(821,273		)	—
Other long-term assets	39,909			13,533		16,980		—			70,422
Total assets	$	1,245,854		$	1,190,343	$	651,489	$	(959,974	)	$	2,127,712
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Accounts payable	$	19,875		$	27,073	$	3,804	$	—		$	50,752
Accrued expenses	66,462			51,039		11,899		—			129,400
Intercompany payables	134,300			—		4,401		(138,701		)	—
Pension and other postretirement benefits obligation	851			28,937		—		—			29,788
Liability for uncertain tax positions	161,271			—		4,829		—			166,100
Other current liabilities	12,001			26,238		15,172		—			53,411
Current debt	3,015,052			9,361		1,436		—			3,025,849
Total current liabilities	3,409,812			142,648		41,541		(138,701		)	3,455,300
Deferred income taxes	27,432			—		42,605		—			70,037
Pension and other postretirement benefits obligation	10,457			635,422		—		—			645,879
Other long-term liabilities	30,082			100,469		57,874		—			188,425
Total liabilities	3,477,783			878,539		142,020		(138,701		)	4,359,641
Stockholders' equity (deficit):	(2,231,929		)	311,804		509,469		(821,273		)	(2,231,929		)
Total liabilities and stockholders' equity (deficit)	$	1,245,854		$	1,190,343	$	651,489	$	(959,974	)	$	2,127,712

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	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	43,420		17,857		6,471		—			67,748
Total assets	$	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
Liability for uncertain tax positions	156,486		—		7,862		—			164,348
Other current liabilities	11,958		27,172		12,474		—			51,604
Total current liabilities	434,993		154,777		52,909		(221,070		)	421,609
Long-term debt	3,063,121		5,704		53		—			3,068,878
Deferred income taxes	23,766		—		706,919		—			730,685
Pension and other postretirement benefits obligation	10,502		630,729		—		—			641,231
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
Total liabilities and stockholders' equity	$	3,849,085	$	1,342,513	$	3,600,694	$	(3,460,928	)	$	5,331,364

Schedule of supplemental condensed consolidating statements of operations

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(UNAUDITED)

THREE MONTHS ENDED JUNE 30, 2015

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total Consolidated
Revenues:
Sales	$	—		$	183,315		$	10,520		$	—	$	193,835
Miscellaneous income (loss)	775			2,630			(613		)	—		2,792
Total revenues	775			185,945			9,907			—		196,627
Cost and expenses:
Cost of sales (exclusive of depreciation and depletion)	—			203,680			22,187			—		225,867
Depreciation and depletion	599			34,012			16,867			—		51,478
Selling, general and administrative	14,458			10,998			2,773			—		28,229
Other postretirement benefits	(66		)	12,399			—			—		12,333
Restructuring charges	355			1,322			769			—		2,446
Asset impairments	—			—			2,897,928			—		2,897,928
Total costs and expenses	15,346			262,411			2,940,524			—		3,218,281
Operating loss	(14,571		)	(76,466		)	(2,930,617		)	—		(3,021,654		)
Interest income (expense), net	(75,234		)	(166		)	549			—		(74,851		)
Loss before income tax benefit	(89,805		)	(76,632		)	(2,930,068		)	—		(3,096,505		)
Income tax benefit	(3,239		)	—			(638,202		)	—		(641,441		)
Equity in net losses of subsidiaries	(2,368,498		)	—			—			2,368,498		—
Net loss	$	(2,455,064	)	$	(76,632	)	$	(2,291,866	)	$	2,368,498	$	(2,455,064	)

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(UNAUDITED)

THREE MONTHS ENDED JUNE 30, 2014

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total Consolidated
Revenues:
Sales	$	—		$	298,199		$	79,783		$	—	$	377,982
Miscellaneous income (loss)	324			1,851			(1,806		)	—		369
Total revenues	324			300,050			77,977			—		378,351
Cost and expenses:
Cost of sales (exclusive of depreciation and depletion)	—			244,186			99,575			—		343,761
Depreciation and depletion	613			36,154			33,049			—		69,816
Selling, general and administrative	1,961			11,647			5,394			—		19,002
Other postretirement benefits	(44		)	13,913			—			—		13,869
Restructuring charges	514			681			7,104			—		8,299
Asset impairments	—			23,043			—			—		23,043
Total costs and expenses	3,044			329,624			145,122			—		477,790
Operating loss	(2,720		)	(29,574		)	(67,145		)	—		(99,439		)
Interest expense, net	(72,338		)	(251		)	(813		)	—		(73,402		)
Gain on extinguishment of debt	11,397			—			—			—		11,397
Other income (loss), net	981			—			(3		)	—		978
Loss before income tax expense (benefit)	(62,680		)	(29,825		)	(67,961		)	—		(160,466		)
Income tax expense (benefit)	16,128			(6,988		)	(18,215		)	—		(9,075		)
Equity in net losses of subsidiaries	(72,583		)	—			—			72,583		—
Net loss	$	(151,391	)	$	(22,837	)	$	(49,746	)	$	72,583	$	(151,391	)

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (UNAUDITED)

SIX MONTHS ENDED JUNE 30, 2015

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total Consolidated
Revenues:
Sales	$	—		$	431,685		$	47,796		$	—	$	479,481
Miscellaneous income	1,228			2,885			3,959			—		8,072
Total revenues	1,228			434,570			51,755			—		487,553
Cost and expenses:
Cost of sales (exclusive of depreciation and depletion)	—			436,096			74,464			—		510,560
Depreciation and depletion	1,174			70,276			39,210			—		110,660
Selling, general and administrative	19,841			23,493			5,956			—		49,290
Other postretirement benefits	(133		)	24,799			—			—		24,666
Restructuring charges	355			1,322			769			—		2,446
Asset impairments	—			—			2,897,928			—		2,897,928
Total costs and expenses	21,237			555,986			3,018,327			—		3,595,550
Operating loss	(20,009		)	(121,416		)	(2,966,572		)	—		(3,107,997		)
Interest expense, net	(151,590		)	(361		)	(1,136		)	—		(153,087		)
Gain on extinguishment of debt	58,626			—			—			—		58,626
Loss before income tax benefit	(112,973		)	(121,777		)	(2,967,708		)	—		(3,202,458		)
Income tax benefit	(3,239		)	—			(663,959		)	—		(667,198		)
Equity in net losses of subsidiaries	(2,425,526		)	—			—			2,425,526		—
Net loss	$	(2,535,260	)	$	(121,777	)	$	(2,303,749	)	$	2,425,526	$	(2,535,260	)

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (UNAUDITED)

SIX MONTHS ENDED JUNE 30, 2014

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total Consolidated
Revenues:
Sales	$	—		$	623,110		$	160,101		$	—	$	783,211
Miscellaneous income	979			3,730			4,316			—		9,025
Total revenues	979			626,840			164,417			—		792,236
Cost and expenses:
Cost of sales (exclusive of depreciation and depletion)	—			498,227			195,409			—		693,636
Depreciation and depletion	1,261			74,255			70,724			—		146,240
Selling, general and administrative	3,114			25,505			11,162			—		39,781
Other postretirement benefits	(88		)	27,826			—			—		27,738
Restructuring charges	514			681			7,104			—		8,299
Asset impairments	—			23,043			—			—		23,043
Total costs and expenses	4,801			649,537			284,399			—		938,737
Operating loss	(3,822		)	(22,697		)	(119,982		)	—		(146,501		)
Interest expense, net	(144,742		)	6,983			(1,075		)	—		(138,834		)
Loss on extinguishment of debt	(2,492		)	—			—			—		(2,492		)
Other loss, net	(719		)	—			(59		)	—		(778		)
Loss before income tax benefit	(151,775		)	(15,714		)	(121,116		)	—		(288,605		)
Income tax benefit	(2,433		)	(4,359		)	(38,244		)	—		(45,036		)
Equity in net losses of subsidiaries	(94,227		)	—			—			94,227		—
Net loss	$	(243,569	)	$	(11,355	)	$	(82,872	)	$	94,227	$	(243,569	)

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

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE

INCOME (LOSS) (UNAUDITED)

THREE MONTHS ENDED JUNE 30, 2014

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Net loss	$	(151,391	)	$	(22,837	)	$	(49,746	)	$	72,583		$	(151,391	)
Other comprehensive income:
Change in pension and other postretirement benefit plans, net of tax	3,498			3,187			—			(3,187		)	3,498
Change in foreign currency translation adjustment	11,264			—			11,264			(11,264		)	11,264
Total other comprehensive income	14,762			3,187			11,264			(14,451		)	14,762
Total comprehensive loss	$	(136,629	)	$	(19,650	)	$	(38,482	)	$	58,132		$	(136,629	)

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE

INCOME (LOSS) (UNAUDITED)

THREE MONTHS ENDED JUNE 30, 2015

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Net loss	$	(2,455,064	)	$	(76,632	)	$	(2,291,866	)	$	2,368,498		$	(2,455,064	)
Other comprehensive income:
Change in pension and other postretirement benefit plans, net of tax	3,700			3,550			—			(3,550		)	3,700
Change in foreign currency translation adjustment	21,420			—			21,420			(21,420		)	21,420
Total other comprehensive income	25,120			3,550			21,420			(24,970		)	25,120
Total comprehensive loss	$	(2,429,944	)	$	(73,082	)	$	(2,270,446	)	$	2,343,528		$	(2,429,944	)

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE

INCOME (LOSS) (UNAUDITED)

SIX MONTHS ENDED JUNE 30, 2015

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Net loss	$	(2,535,260	)	$	(121,777	)	$	(2,303,749	)	$	2,425,526		$	(2,535,260	)
Other comprehensive income:
Change in pension and other postretirement benefit plans, net of tax	7,399			7,100			—			(7,100		)	7,399
Change in foreign currency translation adjustment	3,095			—			3,095			(3,095		)	3,095
Total other comprehensive income	10,494			7,100			3,095			(10,195		)	10,494
Total comprehensive loss	$	(2,524,766	)	$	(114,677	)	$	(2,300,654	)	$	2,415,331		$	(2,524,766	)

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE

INCOME (LOSS) (UNAUDITED)

SIX MONTHS ENDED JUNE 30, 2014

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Net loss	$	(243,569	)	$	(11,355	)	$	(82,872	)	$	94,227		$	(243,569	)
Other comprehensive income:
Change in pension and other postretirement benefit plans, net of tax	7,017			6,991			—			(6,991		)	7,017
Change in unrealized gain on hedges, net of tax	1,679			3			—			(3		)	1,679
Change in foreign currency translation adjustment	13,428			—			13,428			(13,428		)	13,428
Total other comprehensive income	22,124			6,994			13,428			(20,422		)	22,124
Total comprehensive loss	$	(221,445	)	$	(4,361	)	$	(69,444	)	$	73,805		$	(221,445	)

Schedule of supplemental condensed consolidating statement of cash flows

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

(UNAUDITED)

SIX MONTHS ENDED JUNE 30, 2015

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total Consolidated
Cash flows provided by (used in) operating activities	$	22,008		$	(151,526	)	$	(17,612	)	$	—	$	(147,130	)
INVESTING ACTIVITIES
Additions to property, plant and equipment	(598		)	(44,984		)	(2,750		)	—		(48,332		)
Proceeds from sale of property, plant and equipment	—			1,454			252			—		1,706
Other	—			—			589			—		589
Cash flows used in investing activities	(598		)	(43,530		)	(1,909		)	—		(46,037		)
FINANCING ACTIVITIES
Retirements of debt	—			(3,550		)	(3,498		)	—		(7,048		)
Advances from (to) consolidated entities	(212,543		)	197,489			15,054			—		—
Other	(60		)	—			—			—		(60		)
Cash flows provided by (used in) financing activities	(212,603		)	193,939			11,556			—		(7,108		)
Effect of foreign exchange rates on cash	—			—			(1,254		)	—		(1,254		)
Net decrease in cash and cash equivalents	(191,193		)	(1,117		)	(9,219		)	—		(201,529		)
Cash and cash equivalents at beginning of period	421,533			1,117			45,882			—		468,532
Cash and cash equivalents at end of period	$	230,340		$	—		$	36,663		$	—	$	267,003

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

(UNAUDITED)

SIX MONTHS ENDED JUNE 30, 2014

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Cash flows provided by (used in) operating activities	$	(112,535	)	$	98,093		$	(24,566	)	$	—		$	(39,008	)
INVESTING ACTIVITIES
Additions to property, plant and equipment	(1,691		)	(37,459		)	(4,326		)	—			(43,476		)
Intercompany loans made	(3,700		)	—			—			3,700			—
Intercompany loans received	1,828			—			—			(1,828		)	—
Other	—			—			(350		)	—			(350		)
Cash flows used in investing activities	(3,563		)	(37,459		)	(4,676		)	1,872			(43,826		)
FINANCING ACTIVITIES
Proceeds from issuance of debt	553,000			—			—			—			553,000
Retirements of debt	(406,566		)	(3,685		)	(3,873		)	—			(414,124		)
Dividends paid	(1,284		)	—			—			—			(1,284		)
Debt issuance costs	(21,325		)	—			—			—			(21,325		)
Advances from (to) consolidated entities	13,934			(53,903		)	39,969			—			—
Intercompany notes borrowings	—			—			3,700			(3,700		)	—
Intercompany notes payments	—			—			(1,828		)	1,828			—
Other	(191		)	—			—			—			(191		)
Cash flows provided by (used in) financing activities	137,568			(57,588		)	37,968			(1,872		)	116,076
Effect of foreign exchange rates on cash	—			—			(588		)	—			(588		)
Net increase in cash and cash equivalents	21,470			3,046			8,138			—			32,654
Cash and cash equivalents at beginning of period	234,150			1,620			25,048			—			260,818
Cash and cash equivalents at end of period	$	255,620		$	4,666		$	33,186		$	—		$	293,472