XML 123 R49.htm IDEA: XBRL DOCUMENT v2.4.0.6
Acquisitions (Details 2) (USD $)
12 Months Ended 3 Months Ended 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2011
Canadian and U.K. operations
Dec. 31, 2011
U.S. Operations
Dec. 31, 2010
U.S. Operations
Dec. 31, 2009
U.S. Operations
Dec. 31, 2011
Western Coal Corp
Dec. 31, 2010
Western Coal Corp
Apr. 02, 2011
Western Coal Corp
Apr. 02, 2011
Western Coal Corp
Common stock of Walter Energy
Apr. 02, 2011
Western Coal Corp
Stock options issued and warrants assumed
Dec. 31, 2011
Western Coal Corp
Canadian and U.K. operations
Dec. 31, 2011
Western Coal Corp
U.S. Operations
Sep. 30, 2011
Western Coal Corp
Preliminary
Sep. 30, 2011
Western Coal Corp
Adjustments
Jun. 30, 2011
Western Coal Corp
Adjustments
Dec. 31, 2011
Western Coal Corp
Adjustments
Dec. 31, 2011
North River Mine
M
May 06, 2011
North River Mine
Acquisitions                                        
Depreciation and depletion $ 245,509,000 $ 98,702,000 $ 72,939,000 $ 93,392,000 $ 151,341,000 $ 98,170,000 $ 72,533,000                          
Net income 349,176,000 385,797,000 137,158,000                         4,100,000 7,800,000      
Diluted net income per share (in dollars per share) $ 5.76 $ 7.18 $ 2.55                         $ 0.07 $ 0.13      
Purchase consideration:                                        
Cash consideration                   2,173,080,000                   1,100,000
Liabilities assumed                                       90,900,000
Fair value of shares of common stock issued or stock options issued and warrants                     1,224,126,000 34,765,000                
Fair value of consideration transferred                   3,431,971,000                    
Business Combination Step Acquisition Equity Interest in Acquiree Fair Value                   314,231,000                    
Total consideration                   3,746,202,000                    
Below-market coal sales contract liability                                       70,000,000
Remaining maturity period of below-market coal sales contract liability (in months)                                     26  
Fair value of assets acquired and liabilities assumed                                        
Cash and cash equivalents               34,065,000             34,065,000          
Receivables               163,668,000             163,668,000          
Inventories               121,229,000             122,012,000     (783,000)    
Other current assets               86,475,000             65,606,000     20,869,000    
Mineral interests               2,992,000,000             4,399,000,000     (1,407,000,000)    
Property, plant and equipment               560,894,000             565,228,000     (4,334,000)    
Goodwill               1,122,884,000         1,054,000,000 68,700,000 277,404,000     845,480,000 1,700,000  
Other long-term assets               54,150,000             54,150,000          
Total assets               5,135,365,000             5,681,133,000     (545,768,000)    
Accounts payable and accrued liabilities               184,983,000             180,157,000     4,826,000    
Other current liabilities               82,175,000             75,824,000     6,351,000    
Deferred tax liability               1,021,161,000             1,576,896,000     (555,735,000)    
Other long-term liabilities               100,844,000             102,054,000     (1,210,000)    
Total liabilities               1,389,163,000             1,934,931,000     (545,768,000)    
Net assets acquired               3,746,202,000             3,746,202,000          
Acquisition related costs (included in Selling, general and administrative expenses at the end of the period)               23,200,000                        
Actual Western Coal Results Included in Walter Energy's Consolidated Results                                        
Revenue               846,682,000                        
Net income               60,538,000                        
Supplemental Pro forma Combined Results                                        
Revenue               2,795,566,000 2,358,040,000                      
Net income               $ 403,945,000 $ 325,196,000