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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Western Coal Corporation
Sep. 30, 2010
HighMount Exploration & Production Alabama, LLC
OPERATING ACTIVITIES    
Net income$ 265,392$ 293,929  
Loss from discontinued operations 1,848  
Income from continuing operations265,392295,777  
Adjustments to reconcile income from continuing operations to net cash flows provided by (used in) operating activities:    
Depreciation and depletion180,83071,959  
Deferred income taxes(19,138)85,703  
Gain on investment in Western Coal Corp(20,553)   
Other29,098(12,553)  
Decrease (increase) in current assets, net of effect of business acquisitions:    
Receivables30,655(91,783)  
Inventories(1,560)12,580  
Other current assets19,49612,839  
Increase in current liabilities, net of effect of business acquisitions:    
Accounts payable24,64514,966  
Accrued expenses and other current liabilities76433,584  
Cash flows provided by operating activities509,629423,072  
INVESTING ACTIVITIES    
Additions to property, plant and equipment(293,377)(80,230)  
Acquisition, net of cash acquired  (2,432,693)(209,964)
Proceeds from sales of investments27,325   
Other814(4,105)  
Cash flows used in investing activities(2,697,931)(294,299)  
FINANCING ACTIVITIES    
Proceeds from issuance of debt2,350,000   
Borrowings under revolving credit agreement41,461   
Repayments on revolving credit agreement(41,461)   
Retirements of debt(165,024)(19,711)  
Dividends paid(22,236)(18,654)  
Purchases of stock under stock repurchase program (65,438)  
Debt issuance costs(80,027)   
Other(1,197)30,043  
Cash flows provided by (used in) financing activities2,081,516(73,760)  
Cash flows provided by (used in) continuing operations(106,786)55,013  
CASH FLOWS FROM DISCONTINUED OPERATIONS    
Cash flows used in operating activities (6,146)  
Cash flows provided by investing activities 3,453  
Cash flows used in discontinued operations (2,693)  
Effect of foreign exchange rates on cash(2,013)   
Net increase (decrease) in cash and cash equivalents(108,799)52,320  
Cash and cash equivalents at beginning of period293,410165,279  
Add: Cash and cash equivalents of discontinued operations at beginning of period5351,254  
Net increase (decrease) in cash and cash equivalents(108,799)52,320  
Less: Cash and cash equivalents of discontinued operations at end of period 434  
Cash and cash equivalents at end of period185,146218,419  
Acquisition of Western Coal in 2011 and HighMount in 2010:    
Fair value of assets acquired  5,681,133217,607
Less: fair value of liabilities assumed  (1,934,931)(7,643)
fair value of shares of common stock issued  (1,224,126) 
fair value of stock options issued and warrants  (34,765) 
gain on investment  (20,553) 
cash acquired  (34,065) 
Net cash paid  2,432,693209,964
Non-cash transactions:    
Financing of one-year property insurance premium $ 18,947