Supplemental Guarantor and Non-Guarantor Financial Information (Tables)

9 Months Ended

Sep. 30, 2015

Supplemental Guarantor and Non-Guarantor Financial Information

Schedule of supplemental condensed consolidating balance sheets

SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEETS (UNAUDITED)

SEPTEMBER 30, 2015

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total Consolidated
ASSETS
Cash and cash equivalents	$	142,130		$	4,521	$	35,459	$	—		$	182,110
Trade receivables, net	—			54,025		7,939		—			61,964
Other receivables	125,448			2,853		260		—			128,561
Intercompany receivables	4,828			92,724		—		(97,552		)	—
Inventories	—			95,722		43,256		—			138,978
Deferred income taxes	15,984			—		263		—			16,247
Prepaid expenses	12,294			30,534		1,678		—			44,506
Other current assets	156			139		2,163		—			2,458
Total current assets	300,840			280,518		91,018		(97,552		)	574,824
Mineral interests, net	—			133,549		302,569		—			436,118
Property, plant and equipment, net	6,226			664,466		205,322		—			876,014
Investment in subsidiaries	707,655			6,481		—		(714,136		)	—
Other long-term assets	40,098			32,164		17,701		—			89,963
Total assets	$	1,054,819		$	1,117,178	$	616,610	$	(811,688	)	$	1,976,919
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Liabilities not subject to compromise
Accounts payable	$	18,085		$	18,741	$	4,288	$	—		$	41,114
Accrued expenses	8,649			37,791		6,892		—			53,332
Intercompany payables	92,724			—		4,828		(97,552		)	—
Other current liabilities	125,317			20,946		16,534		—			162,797
Current debt	—			—		156		—			156
Total current liabilities	244,775			77,478		32,698		(97,552		)	257,399
Deferred income taxes	26,330			—		40,110		—			66,440
Other long-term liabilities	24,750			104,660		56,943		—			186,353
Total liabilities not subject to compromise	295,855			182,138		129,751		(97,552		)	510,192
Liabilities subject to compromise	3,158,642			707,652		111					3,866,405
Total liabilities	3,454,497			889,790		129,862		(97,552		)	4,376,597
Stockholders' equity (deficit):	(2,399,678		)	227,388		486,748		(714,136		)	(2,399,678		)
Total liabilities and stockholders' equity (deficit)	$	1,054,819		$	1,117,178	$	616,610	$	(811,688	)	$	1,976,919

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
Accounts payable	$	2,296	$	30,697	$	5,987	$	—		$	38,980
Accrued expenses	43,088		60,762		21,468		—			125,318
Pension and other postretirement benefits obligation	95		28,937		—		—			29,032
Intercompany payables	221,070		—		—		(221,070		)	—
Other current liabilities	168,444		27,172		20,336		—			215,952
Current debt	—		7,209		5,118		—			12,327
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 SEPTEMBER 30, 2015

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total Consolidated
Revenues:
Sales	$	—		$	155,845		$	23,223		$	—	$	179,068
Miscellaneous income	226			1,910			3,595			—		5,731
Total revenues	226			157,755			26,818			—		184,799
Cost and expenses:
Cost of sales (exclusive of depreciation and depletion)	—			190,245			26,402			—		216,647
Depreciation and depletion	493			33,334			9,660			—		43,487
Selling, general and administrative	4,822			6,711			2,700			—		14,233
Other postretirement benefits	(67		)	12,400			—			—		12,333
Restructuring charges	192			3,178			846			—		4,216
Total costs and expenses	5,440			245,868			39,608			—		290,916
Operating loss	(5,214		)	(88,113		)	(12,790		)	—		(106,117		)
Interest income (expense), net	(42,535		)	(45		)	358			—		(42,222		)
Loss before reorganization items, net and income tax benefit	(47,749		)	(88,158		)	(12,432		)	—		(148,339		)
Reorganization items, net	(17,581		)	230			334					(17,017		)
Loss before income tax benefit	(65,330		)	(87,928		)	(12,098		)	—		(165,356		)
Income tax benefit	(3,144		)	—			(3,569		)	—		(6,713		)
Equity in net losses of subsidiaries	(96,457		)	—			—			96,457		—
Net loss	$	(158,643	)	$	(87,928	)	$	(8,529	)	$	96,457	$	(158,643	)

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

(UNAUDITED)

THREE MONTHS ENDED SEPTEMBER 30, 2014

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total Consolidated
Revenues:
Sales	$	—		$	280,010		$	39,532		$	—	$	319,542
Miscellaneous income (loss)	(40		)	1,834			8,210			—		10,004
Total revenues	(40		)	281,844			47,742			—		329,546
Cost and expenses:
Cost of sales (exclusive of depreciation and depletion)	—			246,187			51,738			—		297,925
Depreciation and depletion	612			35,289			22,512			—		58,413
Selling, general and administrative	1,387			11,564			3,647			—		16,598
Other postretirement benefits	(45		)	13,914			—			—		13,869
Restructuring charges (benefit)	50			(13		)	(2,500		)	—		(2,463		)
Asset impairments	—			37			—			—		37
Total costs and expenses	2,004			306,978			75,397			—		384,379
Operating loss	(2,044		)	(25,134		)	(27,655		)	—		(54,833		)
Interest expense, net	(77,856		)	(257		)	(1,118		)	—		(79,231		)
Gain on extinguishment of debt	3,394			—			—			—		3,394
Other income (loss), net	1,424			—			—			—		1,424
Loss before income tax expense (benefit)	(75,082		)	(25,391		)	(28,773		)	—		(129,246		)
Income tax expense (benefit)	(404		)	17			(29,957		)	—		(30,344		)
Equity in net losses of subsidiaries	(24,224		)	—			—			24,224		—
Net loss	$	(98,902	)	$	(25,408	)	$	1,184		$	24,224	$	(98,902	)

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (UNAUDITED)

NINE MONTHS ENDED SEPTEMBER 30, 2015

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total Consolidated
Revenues:
Sales	$	—		$	587,530		$	71,019		$	—	$	658,549
Miscellaneous income	1,454			4,795			7,554			—		13,803
Total revenues	1,454			592,325			78,573			—		672,352
Cost and expenses:
Cost of sales (exclusive of depreciation and depletion)	—			626,341			100,866			—		727,207
Depreciation and depletion	1,667			103,610			48,870			—		154,147
Selling, general and administrative	24,663			30,204			8,656			—		63,523
Other postretirement benefits	(200		)	37,199			—			—		36,999
Restructuring charges	547			4,500			1,615			—		6,662
Asset impairments	—			—			2,897,928			—		2,897,928
Total costs and expenses	26,677			801,854			3,057,935			—		3,886,466
Operating loss	(25,223		)	(209,529		)	(2,979,362		)	—		(3,214,114		)
Interest expense, net	(194,125		)	(406		)	(778		)	—		(195,309		)
Gain on extinguishment of debt	58,626			—			—			—		58,626
Loss before reorganization items, net and income tax benefit	(160,722		)	(209,935		)	(2,980,140		)	—		(3,350,797		)
Reorganization items, net	(17,581		)	230			334					(17,017		)
Loss before income tax benefit	(178,303		)	(209,705		)	(2,979,806		)	—		(3,367,814		)
Income tax benefit	(6,383		)	—			(667,528		)	—		(673,911		)
Equity in net losses of subsidiaries	(2,521,983		)	—			—			2,521,983		—
Net loss	$	(2,693,903	)	$	(209,705	)	$	(2,312,278	)	$	2,521,983	$	(2,693,903	)

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (UNAUDITED)

NINE MONTHS ENDED SEPTEMBER 30, 2014

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total Consolidated
Revenues:
Sales	$	—		$	903,120		$	199,633		$	—	$	1,102,753
Miscellaneous income	939			5,564			12,526			—		19,029
Total revenues	939			908,684			212,159			—		1,121,782
Cost and expenses:
Cost of sales (exclusive of depreciation and depletion)	—			744,414			247,147			—		991,561
Depreciation and depletion	1,873			109,544			93,236			—		204,653
Selling, general and administrative	4,501			37,069			14,809			—		56,379
Other postretirement benefits	(133		)	41,740			—			—		41,607
Restructuring charges	564			667			4,604			—		5,835
Asset impairments	—			23,081			—			—		23,081
Total costs and expenses	6,805			956,515			359,796			—		1,323,116
Operating loss	(5,866		)	(47,831		)	(147,637		)	—		(201,334		)
Interest income (expense), net	(222,598		)	6,726			(2,193		)	—		(218,065		)
Gain on extinguishment of debt	902			—			—			—		902
Other income (loss), net	705			—			(59		)	—		646
Loss before income tax benefit	(226,857		)	(41,105		)	(149,889		)	—		(417,851		)
Income tax benefit	(2,837		)	(4,342		)	(68,201		)	—		(75,380		)
Equity in net losses of subsidiaries	(118,451		)	—			—			118,451		—
Net loss	$	(342,471	)	$	(36,763	)	$	(81,688	)	$	118,451	$	(342,471	)

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

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE

INCOME (LOSS) (UNAUDITED)

THREE MONTHS ENDED SEPTEMBER 30, 2014

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Net loss	$	(98,902	)	$	(25,408	)	$	1,184		$	24,224		$	(98,902	)
Other comprehensive income (loss):
Change in pension and other postretirement benefit plans, net of tax	2,977			2,963			—			(2,963		)	2,977
Change in foreign currency translation adjustment	(21,672		)	—			(21,672		)	21,672			(21,672		)
Total other comprehensive income (loss)	(18,695		)	2,963			(21,672		)	18,709			(18,695		)
Total comprehensive loss	$	(117,597	)	$	(22,445	)	$	(20,488	)	$	42,933		$	(117,597	)

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE

INCOME (LOSS) (UNAUDITED)

THREE MONTHS ENDED SEPTEMBER 30, 2015

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Net loss	$	(158,643	)	$	(87,928	)	$	(8,529	)	$	96,457		$	(158,643	)
Other comprehensive income (loss):
Change in pension and other postretirement benefit plans, net of tax	4,007			3,846			—			(3,846		)	4,007
Change in foreign currency translation adjustment	(13,922		)	—			(13,922		)	13,922			(13,922		)
Total other comprehensive income (loss)	(9,915		)	3,846			(13,922		)	10,076			(9,915		)
Total comprehensive loss	$	(168,558	)	$	(84,082	)	$	(22,451	)	$	106,533		$	(168,558	)

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE

INCOME (LOSS) (UNAUDITED)

NINE MONTHS ENDED SEPTEMBER 30, 2015

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Net loss	$	(2,693,903	)	$	(209,705	)	$	(2,312,278	)	$	2,521,983		$	(2,693,903	)
Other comprehensive income (loss):
Change in pension and other postretirement benefit plans, net of tax	11,406			10,946			—			(10,946		)	11,406
Change in foreign currency translation adjustment	(10,827		)	—			(10,827		)	10,827			(10,827		)
Total other comprehensive income (loss)	579			10,946			(10,827		)	(119		)	579
Total comprehensive loss	$	(2,693,324	)	$	(198,759	)	$	(2,323,105	)	$	2,521,864		$	(2,693,324	)

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE

INCOME (LOSS) (UNAUDITED)

NINE MONTHS ENDED SEPTEMBER 30, 2014

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Net loss	$	(342,471	)	$	(36,763	)	$	(81,688	)	$	118,451		$	(342,471	)
Other comprehensive income (loss):
Change in pension and other postretirement benefit plans, net of tax	9,994			9,954			—			(9,954		)	9,994
Change in unrealized gain on hedges, net of tax	1,679			3			—			(3		)	1,679
Change in foreign currency translation adjustment	(8,244		)	—			(8,244		)	8,244			(8,244		)
Total other comprehensive income (loss)	3,429			9,957			(8,244		)	(1,713		)	3,429
Total comprehensive loss	$	(339,042	)	$	(26,806	)	$	(89,932	)	$	116,738		$	(339,042	)

Schedule of supplemental condensed consolidating statement of cash flows

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

(UNAUDITED)

NINE MONTHS ENDED SEPTEMBER 30, 2015

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total Consolidated
Cash flows provided by (used in) operating activities	$	55,538		$	(254,568	)	$	(17,960	)	$	—	$	(216,990	)
INVESTING ACTIVITIES
Additions to property, plant and equipment	(699		)	(57,295		)	(3,335		)	—		(61,329		)
Proceeds from sale of property, plant and equipment	—			1,575			201			—		1,776
Other	—			—			364			—		364
Cash flows used in investing activities	(699		)	(55,720		)	(2,770		)	—		(59,189		)
FINANCING ACTIVITIES
Retirements of debt	—			(4,150		)	(4,336		)	—		(8,486		)
Advances from (to) consolidated entities	(334,182		)	317,842			16,340			—		—
Other	(60		)	—			—			—		(60		)
Cash flows provided by (used in) financing activities	(334,242		)	313,692			12,004			—		(8,546		)
Effect of foreign exchange rates on cash	—			—			(1,697		)	—		(1,697		)
Net increase (decrease) in cash and cash equivalents	(279,403		)	3,404			(10,423		)	—		(286,422		)
Cash and cash equivalents at beginning of period	421,533			1,117			45,882			—		468,532
Cash and cash equivalents at end of period	$	142,130		$	4,521		$	35,459		$	—	$	182,110

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

(UNAUDITED)

NINE MONTHS ENDED SEPTEMBER 30, 2014

(in thousands)

	Parent (Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Cash flows provided by (used in) operating activities	$	(124,771	)	$	116,284		$	(12,299	)	$	—		$	(20,786	)
INVESTING ACTIVITIES
Additions to property, plant and equipment	(2,758		)	(60,853		)	(6,122		)	—			(69,733		)
Proceeds from sale of property, plant and equipment	—			24,112			—			—			24,112
Intercompany loans made	(5,200		)	—			—			5,200			—
Intercompany loans received	1,828			—			—			(1,828		)	—
Other	—			—			134			—			134
Cash flows used in investing activities	(6,130		)	(36,741		)	(5,988		)	3,372			(45,487		)
FINANCING ACTIVITIES
Proceeds from issuance of debt	869,800			—			—			—			869,800
Retirements of debt	(406,566		)	(5,894		)	(5,861		)	—			(418,321		)
Dividends paid	(1,944		)	—			—			—			(1,944		)
Debt issuance costs	(27,748		)	—			—			—			(27,748		)
Advances from (to) consolidated entities	30,043			(73,617		)	43,574			—			—
Intercompany notes borrowings	—			—			5,200			(5,200		)	—
Intercompany notes payments	—			—			(1,828		)	1,828			—
Other	(195		)	—			—			—			(195		)
Cash flows provided by (used in) financing activities	463,390			(79,511		)	41,085			(3,372		)	421,592
Effect of foreign exchange rates on cash	—			—			(1,514		)	—			(1,514		)
Net increase in cash and cash equivalents	332,489			32			21,284			—			353,805
Cash and cash equivalents at beginning of period	234,150			1,620			25,048			—			260,818
Cash and cash equivalents at end of period	$	566,639		$	1,652		$	46,332		$	—		$	614,623