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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
OPERATING ACTIVITIES    
Net income (loss) $ (989,404) $ 283,346
Less income from discontinued operations (5,180)  
Income (loss) from continuing operations (994,584) 283,346
Adjustments to reconcile net income (loss) from continuing operations to net cash flows provided by (used in) operating activities:    
Depreciation and depletion 223,512 157,972
Deferred income tax credit (100,419) (16,901)
Gain on investment in Western Coal Corp   (20,553)
Impairment charges 1,106,715  
Other 41,022 8,349
Decrease (increase) in current assets, net of effect of business acquisitions:    
Receivables 79,310 30,655
Inventories (113,601) 21,856
Prepaid expenses and other current assets (8,412) 19,496
Increase in current liabilities, net of effect of business acquisitions:    
Accounts payable 91,349 24,645
Accrued expenses and other current liabilities 8,114 764
Cash flows provided by operating activities 333,006 509,629
INVESTING ACTIVITIES    
Additions to property, plant and equipment (331,340) (293,377)
Acquisition of Western Coal Corp., net of cash acquired   (2,432,693)
Proceeds from sales of investments 12,382 27,325
Other 1,076 814
Cash flows used in investing activities (317,882) (2,697,931)
FINANCING ACTIVITIES    
Proceeds from issuance of debt   2,350,000
Borrowings under revolving credit agreement 272,926 41,461
Repayments on revolving credit agreement (125,396) (41,461)
Retirements of debt (128,450) (165,024)
Dividends paid (23,432) (22,236)
Net consideration paid upon exercise of warrants (11,535)  
Debt issuance costs (6,376) (80,027)
Other 178 (1,197)
Cash flows provided by (used in) financing activities (22,085) 2,081,516
Cash flows used in continuing operations (6,961) (106,786)
CASH FLOWS FROM DISCONTINUED OPERATIONS    
Cash flows provided by investing activities 9,500  
Effect of foreign exchange rates on cash (1,047) (2,013)
Net increase (decrease) in cash and cash equivalents 1,492 (108,799)
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 1,492 (108,799)
Cash and cash equivalents at end of period $ 129,922 $ 185,146