Segment Information

6 Months Ended

Jun. 30, 2013

Segment Information

Segment Information

Note 12—Segment Information

        The Company's reportable segments are strategic business units arranged geographically which have separate management teams. These reportable segments are U.S. Operations, Canadian and U.K. Operations, and Other. Both the U.S. Operations and Canadian and U.K. Operations reportable segments' primary business is that of mining, processing and exporting metallurgical coal for the steel industry. The Other segment primarily includes unallocated corporate expenses.

        The accounting policies of the segments are the same as those described in Note 2 of the Notes to Consolidated Financial Statements included in the Company's Annual Report filed with the Securities and Exchange Commission on Form 10-K for the fiscal year ended December 31, 2012. The Company evaluates performance primarily based on operating income of the respective business segments.

        Summarized financial information of the Company's reportable segments is shown in the following tables (in thousands):

	For the three months ended June 30,						For the six months ended June 30,
	2013			2012			2013			2012
Revenues:
U.S. Operations	$	321,009		$	466,761		$	660,234		$	918,911
Canadian and U.K. Operations		119,873			209,645			271,317			387,996
Other		614			1,168			1,288			2,230
Total Revenues	$	441,496		$	677,574		$	932,839		$	1,309,137
Segment operating income (loss):
U.S. Operations	$	37,333		$	107,245		$	30,376		$	214,226
Canadian and U.K. Operations		(66,347	)		(24,679	)		(115,113	)		(38,234	)
Other		(1,539	)		(14,593	)		(9,436	)		(23,943	)
Total operating income (loss)		(30,553	)		67,973			(94,173	)		152,049
Less interest expense, net		(52,985	)		(30,763	)		(104,953	)		(58,553	)
Other loss, net		(714	)		(5,919	)		(609	)		(12,912	)
Income (loss) from continuing operations before income tax expense (benefit)		(84,252	)		31,291			(199,735	)		80,584
Income tax expense (benefit)		(49,760	)		4,535			(115,799	)		13,212
Income (loss) from continuing operations	$	(34,492	)	$	26,756		$	(83,936	)	$	67,372
Depreciation and depletion:
U.S. Operations	$	31,189		$	43,704		$	78,662		$	85,846
Canadian and U.K. Operations		36,620			30,535			69,852			54,671
Other		511			220			996			435
Total	$	68,320		$	74,459		$	149,510		$	140,952
Capital expenditures:
U.S. Operations	$	38,803		$	43,851		$	66,204		$	79,963
Canadian and U.K. Operations		7,231			78,177			13,545			162,357
Other		190			3,183			502			3,736
Total	$	46,224		$	125,211		$	80,251		$	246,056

	June 30, 2013		December 31, 2012
Identifiable assets:
U.S. Operations	$	1,199,787	$	1,603,745
Canadian and U.K. Operations		3,800,009		3,728,817
Other		732,060		435,858
Total	$	5,731,856	$	5,768,420