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Supplemental Guarantor and Non-Guarantor Financial Information
 6 Months Ended
Jun. 30, 2014
Supplemental Guarantor and Non-Guarantor Financial Information  
Supplemental Guarantor and Non-Guarantor Financial Information

Note 13—Supplemental Guarantor and Non-Guarantor Financial Information

        In accordance with the indentures governing the 9.875% senior notes due December 2020 and the 8.50% senior notes due April 2021 (collectively the "Senior Notes"), as of June 30, 2014 certain 100% owned U.S. domestic restricted subsidiaries of the Company have fully and unconditionally guaranteed the Senior Notes on a joint and several basis. The following tables present unaudited condensed consolidating financial information for (i) the Company, (ii) the issuer of the senior notes, (iii) the subsidiaries which are guarantors under the senior notes, and (iv) the subsidiaries which are not guarantors of the senior notes:

WALTER ENERGY, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEETS (UNAUDITED)
JUNE 30, 2014
(in thousands)

 
   Parent
(Issuer)		   Guarantor
Subsidiaries		   Non-Guarantor
Subsidiaries		   Eliminations   Total
Consolidated		  

ASSETS

                                

Cash and cash equivalents

   $ 255,620   $ 27   $ 37,825   $ —   $ 293,472  

Receivables, net

     102,008     103,686     25,338     —     231,032  

Intercompany receivables

     —     179,412     60,357     (239,769 )   —  

Intercompany loans receivable

     —     —     352     (352 )   —  

Inventories

     —     130,447     144,035     —     274,482  

Deferred income taxes

     26,390     4,733     956     —     32,079  

Prepaid expenses

     1,457     38,683     5,221     —     45,361  

Assets held for sale

     —     24,150     —     —     24,150  

Other current assets

     9,666     478     2,360     —     12,504  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current assets

     395,141     481,616     276,444     (240,121 )   913,080  

Mineral interests, net

     —     6,897     2,880,715     —     2,887,612  

Property, plant and equipment, net

     7,680     712,731     826,869     —     1,547,280  

Deferred income taxes

     3,046     7,990     —     (11,036 )   —  

Investment in subsidiaries

     3,435,398     81,384     —     (3,516,782 )   —  

Other long-term assets

     85,925     18,718     9,283     —     113,926  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 3,927,190   $ 1,309,336   $ 3,993,311   $ (3,767,939 ) $ 5,461,898  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

LIABILITIES AND STOCKHOLDERS' EQUITY

                                

Current debt

   $ —   $ 7,461   $ 7,892   $ —   $ 15,353  

Accounts payable

     6,968     42,342     11,141     —     60,451  

Accrued expenses

     45,962     60,237     36,632     —     142,831  

Intercompany payables

     239,769     —     —     (239,769 )   —  

Intercompany loans payable

     352     —     —     (352 )   —  

Accumulated other postretirement benefits obligation

     945     29,942     —     —     30,887  

Other current liabilities

     179,634     21,313     24,766     —     225,713  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current liabilities

     473,630     161,295     80,431     (240,121 )   475,235  

Long-term debt

     2,869,931     9,355     1,665     —     2,880,951  

Accumulated other postretirement benefits obligation

     (497 )   575,353     —     —     574,856  

Deferred income taxes

     —     —     794,627     (11,036 )   783,591  

Other long-term liabilities

     26,791     81,079     82,060     —     189,930  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities

     3,369,855     827,082     958,783     (251,157 )   4,904,563  

Stockholders' equity

     557,335     482,254     3,034,528     (3,516,782 )   557,335  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities and stockholders' equity

   $ 3,927,190   $ 1,309,336   $ 3,993,311   $ (3,767,939 ) $ 5,461,898  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

WALTER ENERGY, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEETS (Unaudited)
DECEMBER 31, 2013
(in thousands)

 
   Parent
(Issuer)		   Guarantor
Subsidiaries		   Non-Guarantor
Subsidiaries		   Eliminations   Total
Consolidated		  

ASSETS

                                

Cash and cash equivalents

   $ 234,150   $ 101   $ 26,567   $ —   $ 260,818  

Receivables, net

     113,936     90,460     77,367     —     281,763  

Intercompany receivables

     —     30,126     57,778     (87,904 )   —  

Intercompany loans receivable

     63,549     1,104,282     —     (1,167,831 )   —  

Inventories

     —     168,434     144,213     —     312,647  

Deferred income taxes

     23,957     12,154     956     —     37,067  

Prepaid expenses

     2,245     34,011     2,766     —     39,022  

Other current assets

     15,257     440     2,334     —     18,031  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current assets

     453,094     1,440,008     311,981     (1,255,735 )   949,348  

Mineral interests, net

     —     7,294     2,897,708     —     2,905,002  

Property, plant and equipment, net

     7,248     764,406     865,898     —     1,637,552  

Deferred income taxes

     3,049     4,458     —     (7,507 )   —  

Investment in subsidiaries

     4,409,683     86,357     —     (4,496,040 )   —  

Other long-term assets

     73,564     10,323     15,071     —     98,958  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 4,946,638   $ 2,312,846   $ 4,090,658   $ (5,759,282 ) $ 5,590,860  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

LIABILITIES AND STOCKHOLDERS' EQUITY

                                

Current debt

   $ —   $ 1,313   $ 7,897   $ —   $ 9,210  

Accounts payable

     5,604     64,678     22,430     —     92,712  

Accrued expenses

     34,551     53,582     45,737     —     133,870  

Intercompany payables

     87,904     —     —     (87,904 )   —  

Intercompany loans payable

     1,104,282     —     63,549     (1,167,831 )   —  

Accumulated other postretirement benefits obligation

     94     29,942     —     —     30,036  

Other current liabilities

     164,364     27,062     22,647     —     214,073  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current liabilities

     1,396,799     176,577     162,260     (1,255,735 )   479,901  

Long-term debt

     2,763,957     —     5,665     —     2,769,622  

Accumulated other postretirement benefits obligation

     263     570,449     —     —     570,712  

Deferred income taxes

     —     —     830,374     (7,507 )   822,867  

Other long-term liabilities

     32,925     73,420     88,719     —     195,064  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities

     4,193,944     820,446     1,087,018     (1,263,242 )   4,838,166  

Stockholders' equity

     752,694     1,492,400     3,003,640     (4,496,040 )   752,694  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities and stockholders' equity

   $ 4,946,638   $ 2,312,846   $ 4,090,658   $ (5,759,282 ) $ 5,590,860  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

WALTER ENERGY, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(UNAUDITED)
THREE MONTHS ENDED JUNE 30, 2014
(in thousands)

 
   Parent
(Issuer)		   Guarantor
Subsidiaries		   Non-Guarantor
Subsidiaries		   Eliminations   Total
Consolidated		  

Revenues:

                                

Sales

   $ —   $ 277,856   $ 100,126   $ —   $ 377,982  

Miscellaneous income (loss)

     324     1,822     (1,777 )   —     369  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

     324     279,678     98,349     —     378,351  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cost and expenses:

                                

Cost of sales (exclusive of depreciation and depletion)

     —     226,588     117,173     —     343,761  

Depreciation and depletion

     613     31,840     37,363     —     69,816  

Selling, general and administrative

     1,961     10,935     6,106     —     19,002  

Postretirement benefits

     (44 )   13,913     —     —     13,869  

Restructuring and asset impairments

     514     23,686     7,142     —     31,342  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

     3,044     306,962     167,784     —     477,790  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating loss

     (2,720 )   (27,284 )   (69,435 )   —     (99,439 )

Interest expense, net

     (72,338 )   (292 )   (772 )   —     (73,402 )

Gain on extinguishment of debt

     11,397     —     —     —     11,397  

Other income (loss)

     981     —     (3 )   —     978  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Loss before income tax expense (benefit)

     (62,680 )   (27,576 )   (70,210 )   —     (160,466 )

Income tax expense (benefit)

     16,128     (7,753 )   (17,450 )   —     (9,075 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Equity in net losses of subsidiaries

     (72,583 )   —     —     72,583     —  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net loss

   $ (151,391 ) $ (19,823 ) $ (52,760 ) $ 72,583   $ (151,391 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

WALTER ENERGY, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(UNAUDITED)
THREE MONTHS ENDED JUNE 30, 2013
(in thousands)

 
   Parent
(Issuer)		   Guarantor
Subsidiaries		   Non-Guarantor
Subsidiaries		   Eliminations   Total
Consolidated		  

Revenues:

                                

Sales

   $ —   $ 299,198   $ 138,600   $ —   $ 437,798  

Miscellaneous income

     220     779     2,699     —     3,698  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

     220     299,977     141,299     —     441,496  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cost and expenses:

                                

Cost of sales (exclusive of depreciation and depletion)

     —     211,314     156,302     —     367,616  

Depreciation and depletion

     511     33,673     34,136     —     68,320  

Selling, general and administrative

     3,939     13,921     9,269     —     27,129  

Postretirement benefits

     (55 )   14,780     —     —     14,725  

Restructuring and asset impairments

     —     (9,063 )   3,322     —     (5,741 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

     4,395     264,625     203,029     —     472,049  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating income (loss)

     (4,175 )   35,352     (61,730 )   —     (30,553 )

Interest income (expense), net

     (57,131 )   6,303     (2,157 )   —     (52,985 )

Other loss

     —     —     (714 )   —     (714 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income (loss) before income tax expense (benefit)

     (61,306 )   41,655     (64,601 )   —     (84,252 )

Income tax expense (benefit)

     (22,108 )   8,533     (36,185 )   —     (49,760 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Equity in earnings of subsidiaries

     4,706     —     —     (4,706 )   —  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income (loss)

   $ (34,492 ) $ 33,122   $ (28,416 ) $ (4,706 ) $ (34,492 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

WALTER ENERGY, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (UNAUDITED)
SIX MONTHS ENDED JUNE 30, 2014
(in thousands)

 
   Parent
(Issuer)		   Guarantor
Subsidiaries		   Non-Guarantor
Subsidiaries		   Eliminations   Total
Consolidated		  

Revenues:

                                

Sales

   $ —   $ 583,898   $ 199,313   $ —   $ 783,211  

Miscellaneous income

     979     3,694     4,352     —     9,025  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

     979     587,592     203,665     —     792,236  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cost and expenses:

                                

Cost of sales (exclusive of depreciation and depletion)

     —     461,954     231,682     —     693,636  

Depreciation and depletion

     1,261     67,048     77,931     —     146,240  

Selling, general and administrative

     3,114     23,871     12,796     —     39,781  

Postretirement benefits

     (88 )   27,826     —     —     27,738  

Restructuring and asset impairments

     514     23,686     7,142     —     31,342  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

     4,801     604,385     329,551     —     938,737  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating loss

     (3,822 )   (16,793 )   (125,886 )   —     (146,501 )

Interest income (expense), net

     (144,742 )   6,962     (1,054 )   —     (138,834 )

Loss on extinguishment of debt

     (2,492 )   —     —     —     (2,492 )

Other loss

     (719 )         (59 )   —     (778 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Loss before income tax benefit

     (151,775 )   (9,831 )   (126,999 )   —     (288,605 )

Income tax benefit

     (2,433 )   (4,359 )   (38,244 )   —     (45,036 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Equity in net losses of subsidiaries

     (94,227 )   —     —     94,227     —  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net loss

   $ (243,569 ) $ (5,472 ) $ (88,755 ) $ 94,227   $ (243,569 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

WALTER ENERGY, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (UNAUDITED)
SIX MONTHS ENDED JUNE 30, 2013
(in thousands)

 
   Parent
(Issuer)		   Guarantor
Subsidiaries		   Non-Guarantor
Subsidiaries		   Eliminations   Total
Consolidated		  

Revenues:

                                

Sales

   $ —   $ 614,010   $ 313,397   $ —   $ 927,407  

Miscellaneous income

     773     2,969     1,690     —     5,432  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

     773     616,979     315,087     —     932,839  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cost and expenses:

                                

Cost of sales (exclusive of depreciation and depletion)

     —     458,991     329,559     —     788,550  

Depreciation and depletion

     996     74,083     74,431     —     149,510  

Selling, general and administrative

     10,150     27,254     20,399     —     57,803  

Postretirement benefits

     (110 )   29,560     —     —     29,450  

Restructuring and asset impairments

     —     (8,947 )   10,646     —     1,699  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

     11,036     580,941     435,035     —     1,027,012  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating income (loss)

     (10,263 )   36,038     (119,948 )   —     (94,173 )

Interest income (expense), net

     (108,627 )   13,283     (3,608 )   —     (98,952 )

Loss on extinguishment of debt

     (6,001 )   —     —     —     (6,001 )

Other loss

     —     —     (609 )   —     (609 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income (loss) before income tax expense (benefit)

     (124,891 )   49,321     (124,165 )   —     (199,735 )

Income tax expense (benefit)

     (48,775 )   5,137     (72,161 )   —     (115,799 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Equity in net losses of subsidiaries

     (7,820 )   —     —     7,820     —  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income (loss)

   $ (83,936 ) $ 44,184   $ (52,004 ) $ 7,820   $ (83,936 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

WALTER ENERGY, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE
INCOME (LOSS) (UNAUDITED)
THREE MONTHS ENDED JUNE 30, 2014
(in thousands)

 
   Parent
(Issuer)		   Guarantor
Subsidiaries		   Non-Guarantor
Subsidiaries		   Eliminations   Total
Consolidated		  

Net loss

   $ (151,391 ) $ (19,823 ) $ (52,760 ) $ 72,583   $ (151,391 )

Other comprehensive income (loss):

                                

Change in pension and postretirement benefit plans, net of tax

     3,498     3,187     —     (3,187 )   3,498  

Change in foreign currency translation adjustment

     11,264     —     11,264     (11,264 )   11,264  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total other comprehensive income

     14,762     3,187     11,264     (14,451 )   14,762  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total comprehensive loss

   $ (136,629 ) $ (16,636 ) $ (41,496 ) $ 58,132   $ (136,629 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

WALTER ENERGY, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE
INCOME (LOSS) (UNAUDITED)
THREE MONTHS ENDED JUNE 30, 2013
(in thousands)

 
   Parent
(Issuer)		   Guarantor
Subsidiaries		   Non-Guarantor
Subsidiaries		   Eliminations   Total
Consolidated		  

Net income (loss)

   $ (34,492 ) $ 33,122   $ (28,416 ) $ (4,706 ) $ (34,492 )

Other comprehensive income (loss):

                                

Change in pension and postretirement benefit plans, net of tax

     4,658     —     —     —     4,658  

Change in unrealized gain on hedges, net of tax

     526     16     —     (16 )   526  

Change in foreign currency translation adjustment

     (1,461 )   —     (1,461 )   1,461     (1,461 )

Change in unrealized gain on investments

     (1 )   —     (1 )   1     (1 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total other comprehensive income (loss)

     3,722     16     (1,462 )   1,446     3,722  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total comprehensive income (loss)

   $ (30,770 ) $ 33,138   $ (29,878 ) $ (3,260 ) $ (30,770 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

WALTER ENERGY, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE
INCOME (LOSS) (UNAUDITED)
SIX MONTHS ENDED JUNE 30, 2014
(in thousands)

 
   Parent
(Issuer)		   Guarantor
Subsidiaries		   Non-Guarantor
Subsidiaries		   Eliminations   Total
Consolidated		  

Net loss

   $ (243,569 ) $ (5,472 ) $ (88,755 ) $ 94,227   $ (243,569 )

Other comprehensive income (loss):

                                

Change in pension and postretirement benefit plans, net of tax

     7,017     6,991     —     (6,991 )   7,017  

Change in unrealized gain on hedges, net of tax

     1,679     3     —     (3 )   1,679  

Change in foreign currency translation adjustment

     13,428     —     13,428     (13,428 )   13,428  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total other comprehensive income

     22,124     6,994     13,428     (20,422 )   22,124  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total comprehensive income (loss)

   $ (221,445 ) $ 1,522   $ (75,327 ) $ 73,805   $ (221,445 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

WALTER ENERGY, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE
INCOME (LOSS) (UNAUDITED)
SIX MONTHS ENDED JUNE 30, 2013
(in thousands)

 
   Parent
(Issuer)		   Guarantor
Subsidiaries		   Non-Guarantor
Subsidiaries		   Eliminations   Total
Consolidated		  

Net income (loss)

   $ (83,936 ) $ 44,184   $ (52,004 ) $ 7,820   $ (83,936 )

Other comprehensive income (loss):

                                

Change in pension and postretirement benefit plans, net of tax

     9,317     —     —     —     9,317  

Change in unrealized gain on hedges, net of tax

     1,248     37     —     (37 )   1,248  

Change in foreign currency translation adjustment

     (17,086 )   —     (17,086 )   17,086     (17,086 )

Change in unrealized gain on investments

     43     —     43     (43 )   43  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total other comprehensive income (loss)

     (6,478 )   37     (17,043 )   17,006     (6,478 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total comprehensive income (loss)

   $ (90,414 ) $ 44,221   $ (69,047 ) $ 24,826   $ (90,414 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

WALTER ENERGY, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
(UNAUDITED)
SIX MONTHS ENDED JUNE 30, 2014
(in thousands)

 
   Parent
(Issuer)		   Guarantor
Subsidiaries		   Non-Guarantor
Subsidiaries		   Eliminations   Total
Consolidated		  

Cash flows provided by (used in) operating activities

   $ (112,535 ) $ 95,649   $ (22,122 ) $ —   $ (39,008 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

INVESTING ACTIVITIES

                                

Additions to property, plant and equipment           

     (1,691 )   (37,428 )   (4,357 )   —     (43,476 )

Intercompany loans made

     (3,700 )   —     —     3,700     —  

Intercompany loans received

     1,828     —     —     (1,828 )   —  

Other

     —     —     (350 )   —     (350 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash flows used in investing activities

     (3,563 )   (37,428 )   (4,707 )   1,872     (43,826 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

FINANCING ACTIVITIES

                                

Proceeds from issuance of debt

     553,000     —     —     —     553,000  

Retirements of debt

     (406,566 )   (3,590 )   (3,968 )   —     (414,124 )

Dividends paid

     (1,284 )   —     —     —     (1,284 )

Debt issuance costs

     (21,325 )   —     —     —     (21,325 )

Advances from (to) consolidated entities

     13,934     (54,705 )   40,771     —     —  

Intercompany borrowings

     —     —     3,700     (3,700 )   —  

Intercompany payments made

     —     —     (1,828 )   1,828     —  

Other

     (191 )   —     —     —     (191 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash flows provided by (used in) financing activities

     137,568     (58,295 )   38,675     (1,872 )   116,076  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Effect of foreign exchange rates on cash

     —     —     (588 )   —     (588 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net increase (decrease) in cash and cash equivalents

     21,470     (74 )   11,258     —     32,654  

Cash and cash equivalents at beginning of period

     234,150     101     26,567     —     260,818  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash and cash equivalents at end of period

   $ 255,620   $ 27   $ 37,825   $ —   $ 293,472  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

WALTER ENERGY, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
(UNAUDITED)
SIX MONTHS ENDED JUNE 30, 2013
(in thousands)

 
   Parent
(Issuer)		   Guarantor
Subsidiaries		   Non-Guarantor
Subsidiaries		   Eliminations   Total
Consolidated		  

Cash flows provided by (used in) operating activities

   $ (130,045 ) $ 112,000   $ (6,057 ) $ —   $ (24,102 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

INVESTING ACTIVITIES

                                

Additions to property, plant and equipment           

     (459 )   (58,130 )   (21,662 )   —     (80,251 )

Intercompany notes issued

     (54,736 )   —     —     54,736     —  

Intercompany notes proceeds

     23,500     —     —     (23,500 )   —  

Investments in subsidiaries

     (50,103 )   —     —     50,103     —  

Other

     —     —     964     —     964  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash flows used in investing activities

     (81,798 )   (58,130 )   (20,698 )   81,339     (79,287 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

FINANCING ACTIVITIES

                                

Proceeds from issuance of debt

     450,000     —     —     —     450,000  

Retirements of debt

     (250,000 )   (4,903 )   (4,297 )   —     (259,200 )

Dividends paid

     (15,638 )   —     —     —     (15,638 )

Debt issuance costs

     (15,080 )   —     —     —     (15,080 )

Advances from (to) consolidated entities

     95,962     (49,028 )   (46,934 )   —     —  

Intercompany notes borrowings

     —     —     54,736     (54,736 )   —  

Intercompany notes payments

     —     —     (23,500 )   23,500     —  

Investment from Parent

     —     —     50,103     (50,103 )   —  

Other

     (600 )   —     —     —     (600 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash flows provided by (used in) financing activities

     264,644     (53,931 )   30,108     (81,339 )   159,482  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Effect of foreign exchange rates on cash

     —     —     (1,816 )   —     (1,816 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net increase (decrease) in cash and cash equivalents

     52,801     (61 )   1,537     —     54,277  

Cash and cash equivalents at beginning of period

     83,833     61     32,707     —     116,601  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash and cash equivalents at end of period

   $ 136,634   $ —   $ 34,244   $ —   $ 170,878  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​