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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
OPERATING ACTIVITIES    
Net income $ 72,552 $ 196,266
Less income from discontinued operations (5,180)  
Income from continuing operations 67,372 196,266
Adjustments to reconcile net income to net cash flows provided by (used in) operating activities:    
Depreciation and depletion 140,952 100,828
Deferred income tax credit (18,894) (11,121)
Gain on investment in Western Coal Corp   (20,553)
Other 18,360 10,247
Decrease (increase) in current assets, net of effect of business acquisitions:    
Receivables 113,203 (41,571)
Inventories (66,213) 38,076
Prepaid expenses and other current assets (22,095) 30
Increase (decrease) in current liabilities, net of effect of business acquisitions:    
Accounts payable 81,684 (29,612)
Accrued expenses and other current liabilities (5,807) 36,769
Cash flows provided by operating activities 308,562 279,359
INVESTING ACTIVITIES    
Additions to property, plant and equipment (246,056) (136,417)
Acquisition of Western Coal Corp., net of cash acquired   (2,432,693)
Proceeds from sales of investments 12,228  
Other 582 5,286
Cash flows used in investing activities (233,246) (2,563,824)
FINANCING ACTIVITIES    
Proceeds from issuance of debt   2,350,000
Borrowings under revolving credit agreement 112,350 41,461
Repayments on revolving credit agreement (63,341) (20,725)
Retirements of debt (118,003) (153,310)
Dividends paid (15,618) (14,434)
Debt issuance costs   (80,027)
Other 288 1,766
Cash flows provided by (used in) financing activities (84,324) 2,124,731
Cash flows used in continuing operations (9,008) (159,734)
CASH FLOWS FROM DISCONTINUED OPERATIONS    
Cash flows provided by investing activities 9,500  
Effect of foreign exchange rates on cash (242)  
Net increase (decrease) in cash and cash equivalents 250 (159,734)
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 250 (159,734)
Cash and cash equivalents at end of period $ 128,680 $ 134,211