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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
OPERATING ACTIVITIES    
Net income $ 40,616 $ 81,813
Adjustments to reconcile net income to net cash flows provided by (used in) operating activities:    
Depreciation and depletion 66,493 28,358
Deferred income tax credit (10,894)  
Amortization of debt issuance costs 3,644 786
Other 8,756 3,175
Decrease (increase) in current assets:    
Receivables 16,889 (1,753)
Inventories (63,192) 1,190
Prepaid expenses and other current assets 5,462 6,488
Increase (decrease) in current liabilities:    
Accounts payable 37,604 (5,444)
Accrued expenses and other current liabilities (34,524) 33,912
Cash flows provided by operating activities 70,854 148,525
INVESTING ACTIVITIES    
Additions to property, plant and equipment (120,845) (44,293)
Investment in Western Coal Corp.   (293,678)
Proceeds from sales of investments 12,228  
Other (85) 211
Cash flows used in investing activities (108,702) (337,760)
FINANCING ACTIVITIES    
Borrowings under revolving credit agreement 135,294  
Repayments on revolving credit agreement (70,156)  
Retirements of debt (9,177) (7,199)
Dividends paid (7,806) (6,642)
Other (624) 2,336
Cash flows provided by (used in) financing activities 47,531 (11,505)
Effect of foreign exchange rates on cash 87  
Net increase (decrease) in cash and cash equivalents 9,770 (200,740)
Cash and cash equivalents at beginning of period 128,430 293,410
Add: Cash and cash equivalents of discontinued operations at beginning of period   535
Net increase (decrease) in cash and cash equivalents 9,770 (200,740)
Cash and cash equivalents at end of period $ 138,200 $ 93,205