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Supplemental Guarantor/Non-Guarantor Financial Information | 12 Months Ended
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Dec. 31, 2016
Supplemental Guarantor Non Guarantor Financial Information [Abstract] |
Supplemental Guarantor/Non-Guarantor Financial Information | Supplemental Guarantor/Non-Guarantor Financial Information In accordance with the indentures governing the Senior Notes, certain 100% owned U.S. subsidiaries of the Company (each, a Guarantor Subsidiary) have fully and unconditionally guaranteed the Senior Notes, on a joint and several basis. The indentures governing the Senior Notes contain customary exceptions under which a guarantee of a Guarantor Subsidiary will terminate, including (a) the release or discharge of the guarantee of the Company’s 2013 Credit Facility by such Guarantor Subsidiary, except a discharge or release by or as a result of payment under such guarantee, (b) a sale or other disposition, by way of merger, consolidation or otherwise, of all of the capital stock of such Guarantor Subsidiary, and (c) the legal defeasance or discharge of the indentures. Separate financial statements and other disclosures concerning the Guarantor Subsidiaries are not presented because management believes that such information is not material to the holders of the Senior Notes. The following historical financial statement information is provided for the Guarantor/Non-Guarantor Subsidiaries. PEABODY ENERGY CORPORATION (DEBTOR-IN-POSSESSION) SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
| Year Ended December 31, 2016
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
| (Dollars in millions)
Total revenues | $ | — |  |  | $ | 2,830.0 |  |  | $ | 2,189.8 |  |  | $ | (304.5 | ) |  | $ | 4,715.3 |
Costs and expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Operating costs and expenses (exclusive of items shown separately below) | 172.9 |  |  | 2,172.4 |  |  | 2,066.8 |  |  | (304.5 | ) |  | 4,107.6 |
Depreciation, depletion and amortization | — |  |  | 217.4 |  |  | 248.0 |  |  | — |  |  | 465.4 |
Asset retirement obligation expenses | — |  |  | 15.8 |  |  | 26.0 |  |  | — |  |  | 41.8 |
Selling and administrative expenses | 12.8 |  |  | 126.5 |  |  | 14.1 |  |  | — |  |  | 153.4 |
Restructuring charges | — |  |  | 11.9 |  |  | 3.6 |  |  | — |  |  | 15.5 |
Other operating (income) loss: |  |  |  |  |  |  |  |  |  |  |  |  |
Net gain on disposal of assets | — |  |  | (21.4 | ) |  | (1.8 | ) |  | — |  |  | (23.2 | )
Asset impairment | — |  |  | 37.5 |  |  | 210.4 |  |  | — |  |  | 247.9 |
Loss from equity affiliates and investment in subsidiaries | 185.0 |  |  | 4.5 |  |  | (20.7 | ) |  | (185.0 | ) |  | (16.2 | )
Interest expense | 288.6 |  |  | 19.6 |  |  | 24.4 |  |  | (34.0 | ) |  | 298.6 |
Loss on early debt extinguishment | 29.5 |  |  | — |  |  | — |  |  | — |  |  | 29.5 |
Interest income | (0.2 | ) |  | (4.8 | ) |  | (34.7 | ) |  | 34.0 |  |  | (5.7 | )
Reorganization items, net | 73.4 |  |  | 82.1 |  |  | 3.5 |  |  | — |  |  | 159.0 |
(Loss) income from continuing operations before income taxes | (762.0 | ) |  | 168.5 |  |  | (349.8 | ) |  | 185.0 |  |  | (758.3 | )
Income tax (benefit) provision | (84.6 | ) |  | (11.0 | ) |  | 11.6 |  |  | — |  |  | (84.0 | )
(Loss) income from continuing operations, net of income taxes | (677.4 | ) |  | 179.5 |  |  | (361.4 | ) |  | 185.0 |  |  | (674.3 | )
(Loss) income from discontinued operations, net of income taxes | (62.4 | ) |  | (0.1 | ) |  | 4.9 |  |  | — |  |  | (57.6 | )
Net (loss) income | (739.8 | ) |  | 179.4 |  |  | (356.5 | ) |  | 185.0 |  |  | (731.9 | )
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 7.9 |  |  | — |  |  | 7.9 |
Net (loss) income attributable to common stockholders | $ | (739.8 | ) |  | $ | 179.4 |  |  | $ | (364.4 | ) |  | $ | 185.0 |  |  | $ | (739.8 | )
PEABODY ENERGY CORPORATION (DEBTOR-IN-POSSESSION) SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
| Year Ended December 31, 2015
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
| (Dollars in millions)
Total revenues | $ | — |  |  | $ | 3,535.3 |  |  | $ | 2,535.3 |  |  | $ | (461.4 | ) |  | $ | 5,609.2 |
Costs and expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Operating costs and expenses (exclusive of items shown separately below) | 436.6 |  |  | 2,782.6 |  |  | 2,249.9 |  |  | (461.4 | ) |  | 5,007.7 |
Depreciation, depletion and amortization | — |  |  | 249.7 |  |  | 322.5 |  |  | — |  |  | 572.2 |
Asset retirement obligation expenses | — |  |  | 13.2 |  |  | 32.3 |  |  | — |  |  | 45.5 |
Selling and administrative expenses | 32.1 |  |  | 132.6 |  |  | 11.7 |  |  | — |  |  | 176.4 |
Restructuring charges | (3.9 | ) |  | 11.4 |  |  | 16.0 |  |  | — |  |  | 23.5 |
Other operating (income) loss: |  |  |  |  |  |  |  |  |  |  |  |  |
Net gain on disposal of assets | (2.3 | ) |  | (29.8 | ) |  | (12.9 | ) |  | — |  |  | (45.0 | )
Asset impairment | — |  |  | 308.6 |  |  | 969.2 |  |  | — |  |  | 1,277.8 |
Loss from equity affiliates and investment in subsidiaries | 933.9 |  |  | 6.9 |  |  | 9.0 |  |  | (933.9 | ) |  | 15.9 |
Interest expense | 468.4 |  |  | 19.6 |  |  | 24.7 |  |  | (47.3 | ) |  | 465.4 |
Loss on early debt extinguishment | 67.8 |  |  | — |  |  | — |  |  | — |  |  | 67.8 |
Interest income | (14.0 | ) |  | (2.4 | ) |  | (38.6 | ) |  | 47.3 |  |  | (7.7 | )
(Loss) income from continuing operations before income taxes | (1,918.6 | ) |  | 42.9 |  |  | (1,048.5 | ) |  | 933.9 |  |  | (1,990.3 | )
Income tax (benefit) provision | (87.4 | ) |  | (108.2 | ) |  | 19.2 |  |  | — |  |  | (176.4 | )
(Loss) income from continuing operations, net of income taxes | (1,831.2 | ) |  | 151.1 |  |  | (1,067.7 | ) |  | 933.9 |  |  | (1,813.9 | )
(Loss) income from discontinued operations, net of income taxes | (164.8 | ) |  | 1.6 |  |  | (11.8 | ) |  | — |  |  | (175.0 | )
Net (loss) income | (1,996.0 | ) |  | 152.7 |  |  | (1,079.5 | ) |  | 933.9 |  |  | (1,988.9 | )
Less: Net income attributable to noncontrolling interests | — |  |  | 0.8 |  |  | 6.3 |  |  | — |  |  | 7.1 |
Net (loss) income attributable to common stockholders | $ | (1,996.0 | ) |  | $ | 151.9 |  |  | $ | (1,085.8 | ) |  | $ | 933.9 |  |  | $ | (1,996.0 | )
PEABODY ENERGY CORPORATION (DEBTOR-IN-POSSESSION) SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
| Year Ended December 31, 2014
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
| (Dollars in millions)
Total revenues | $ | — |  |  | $ | 4,063.8 |  |  | $ | 3,311.7 |  |  | $ | (583.3 | ) |  | $ | 6,792.2 |
Costs and expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Operating costs and expenses (exclusive of items shown separately below) | 49.6 |  |  | 3,121.9 |  |  | 3,128.7 |  |  | (583.3 | ) |  | 5,716.9 |
Depreciation, depletion and amortization | — |  |  | 271.0 |  |  | 384.7 |  |  | — |  |  | 655.7 |
Asset retirement obligation expenses | — |  |  | 23.2 |  |  | 57.8 |  |  | — |  |  | 81.0 |
Selling and administrative expenses | 46.8 |  |  | 161.1 |  |  | 19.2 |  |  | — |  |  | 227.1 |
Restructuring and pension settlement charges | — |  |  | 26.0 |  |  | — |  |  | — |  |  | 26.0 |
Other operating (income) loss: |  |  |  |  |  |  |  |  |  |  |  |  |
Net gain on disposal of assets | — |  |  | (17.7 | ) |  | (23.7 | ) |  | — |  |  | (41.4 | )
Asset impairment | 4.7 |  |  | 63.3 |  |  | 86.4 |  |  | — |  |  | 154.4 |
Loss from equity affiliates and investment in subsidiaries | 128.5 |  |  | 7.6 |  |  | 100.0 |  |  | (128.5 | ) |  | 107.6 |
Interest expense | 423.1 |  |  | 19.5 |  |  | 34.3 |  |  | (50.3 | ) |  | 426.6 |
Loss on early debt extinguishment | 1.6 |  |  | — |  |  | — |  |  | — |  |  | 1.6 |
Interest income | (15.3 | ) |  | (2.9 | ) |  | (47.5 | ) |  | 50.3 |  |  | (15.4 | )
(Loss) income from continuing operations before income taxes | (639.0 | ) |  | 390.8 |  |  | (428.2 | ) |  | 128.5 |  |  | (547.9 | )
Income tax provision | 116.4 |  |  | 23.7 |  |  | 61.1 |  |  | — |  |  | 201.2 |
(Loss) income from continuing operations, net of income taxes | (755.4 | ) |  | 367.1 |  |  | (489.3 | ) |  | 128.5 |  |  | (749.1 | )
(Loss) income from discontinued operations, net of income taxes | (31.6 | ) |  | (7.2 | ) |  | 10.6 |  |  | — |  |  | (28.2 | )
Net (loss) income | (787.0 | ) |  | 359.9 |  |  | (478.7 | ) |  | 128.5 |  |  | (777.3 | )
Less: Net income attributable to noncontrolling interests | — |  |  | 5.2 |  |  | 4.5 |  |  | — |  |  | 9.7 |
Net (loss) income attributable to common stockholders | $ | (787.0 | ) |  | $ | 354.7 |  |  | $ | (483.2 | ) |  | $ | 128.5 |  |  | $ | (787.0 | )
PEABODY ENERGY CORPORATION (DEBTOR-IN-POSSESSION) SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
| Year Ended December 31, 2016
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
| (Dollars in millions)
Net (loss) income | $ | (739.8 | ) |  | $ | 179.4 |  |  | $ | (356.5 | ) |  | $ | 185.0 |  |  | $ | (731.9 | )
Other comprehensive income (loss), net of income taxes: |  |  |  |  |  |  |  |  |
Net unrealized gains on cash flow hedges (net of $85.9 tax provision) |  |  |  |  |  |  |  |  |
(Decrease) increase in fair value of cash flow hedges | — |  |  | — |  |  | — |  |  | — |  |  | — |
Reclassification for realized losses included in net (loss) income | 146.3 |  |  | — |  |  | — |  |  | — |  |  | 146.3 |
Net unrealized gains on cash flow hedges | 146.3 |  |  | — |  |  | — |  |  | — |  |  | 146.3 |
Postretirement plans and workers' compensation obligations (net of $1.5 tax benefit) |  |  |  |  |  |  |  |  |
Prior service cost for the period | — |  |  | (4.5 | ) |  | — |  |  | — |  |  | (4.5 | )
Net actuarial gain (loss) for the period | 8.9 |  |  | (22.4 | ) |  | — |  |  | — |  |  | (13.5 | )
Amortization of actuarial (loss) gain and prior service cost included in net (loss) income | (6.1 | ) |  | 21.5 |  |  | — |  |  | — |  |  | 15.4 |
Postretirement plans and workers' compensation obligations | 2.8 |  |  | (5.4 | ) |  | — |  |  | — |  |  | (2.6 | )
Foreign currency translation adjustment | — |  |  | — |  |  | (1.8 | ) |  | — |  |  | (1.8 | )
Other comprehensive loss from investment in subsidiaries | (7.2 | ) |  | — |  |  | — |  |  | 7.2 |  |  | — |
Other comprehensive income (loss), net of income taxes | 141.9 |  |  | (5.4 | ) |  | (1.8 | ) |  | 7.2 |  |  | 141.9 |
Comprehensive (loss) income | (597.9 | ) |  | 174.0 |  |  | (358.3 | ) |  | 192.2 |  |  | (590.0 | )
Less: Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | 7.9 |  |  | — |  |  | 7.9 |
Comprehensive (loss) income attributable to common stockholders | $ | (597.9 | ) |  | $ | 174.0 |  |  | $ | (366.2 | ) |  | $ | 192.2 |  |  | $ | (597.9 | )
PEABODY ENERGY CORPORATION (DEBTOR-IN-POSSESSION) SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
| Year Ended December 31, 2015
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
| (Dollars in millions)
Net (loss) income | $ | (1,996.0 | ) |  | $ | 152.7 |  |  | $ | (1,079.5 | ) |  | $ | 933.9 |  |  | $ | (1,988.9 | )
Other comprehensive income (loss), net of income taxes: |  |  |  |  |  |  |  |  |
Net change in unrealized losses on available-for-sale securities (net of $0.1 tax benefit) |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) on cash flow hedges (net of $72.2 tax provision) |  |  |  |  |  |  |  |  |
(Decrease) increase in fair value of cash flow hedges | (137.1 | ) |  | — |  |  | 5.8 |  |  | — |  |  | (131.3 | )
Reclassification for realized losses (gains) included in net (loss) income | 292.1 |  |  | — |  |  | (40.4 | ) |  | — |  |  | 251.7 |
Net unrealized gains (losses) on cash flow hedges | 155.0 |  |  | — |  |  | (34.6 | ) |  | — |  |  | 120.4 |
Postretirement plans and workers' compensation obligations (net of $36.2 tax provision) |  |  |  |  |  |  |  |  |
Prior service credit for the period | — |  |  | 10.4 |  |  | — |  |  | — |  |  | 10.4 |
Net actuarial gain for the period | 5.5 |  |  | 12.6 |  |  | — |  |  | — |  |  | 18.1 |
Amortization of actuarial loss (gain) and prior service cost included in net (loss) income | 7.2 |  |  | 37.3 |  |  | (12.6 | ) |  | — |  |  | 31.9 |
Postretirement plans and workers' compensation obligations | 12.7 |  |  | 60.3 |  |  | (12.6 | ) |  | — |  |  | 60.4 |
Foreign currency translation adjustment | — |  |  | — |  |  | (34.9 | ) |  | — |  |  | (34.9 | )
Other comprehensive loss from investment in subsidiaries | (21.8 | ) |  | — |  |  | — |  |  | 21.8 |  |  | — |
Other comprehensive income (loss), net of income taxes | 145.9 |  |  | 60.3 |  |  | (82.1 | ) |  | 21.8 |  |  | 145.9 |
Comprehensive (loss) income | (1,850.1 | ) |  | 213.0 |  |  | (1,161.6 | ) |  | 955.7 |  |  | (1,843.0 | )
Less: Comprehensive income attributable to noncontrolling interests | — |  |  | 0.8 |  |  | 6.3 |  |  | — |  |  | 7.1 |
Comprehensive (loss) income attributable to common stockholders | $ | (1,850.1 | ) |  | $ | 212.2 |  |  | $ | (1,167.9 | ) |  | $ | 955.7 |  |  | $ | (1,850.1 | )
PEABODY ENERGY CORPORATION (DEBTOR-IN-POSSESSION) SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
| Year Ended December 31, 2014
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
| (Dollars in millions)
Net (loss) income | $ | (787.0 | ) |  | $ | 359.9 |  |  | $ | (478.7 | ) |  | $ | 128.5 |  |  | $ | (777.3 | )
Other comprehensive loss, net of income taxes: |  |  |  |  |  |  |  |  |
Net change in unrealized losses on available-for-sale securities (net of $0.5 tax benefit) |  |  |  |  |  |  |  |  |
Unrealized holding losses on available-for-sale securities | (3.7 | ) |  | — |  |  | — |  |  | — |  |  | (3.7 | )
Reclassification for realized losses included in net (loss) income | 2.9 |  |  | — |  |  | — |  |  | — |  |  | 2.9 |
Net change in unrealized losses on available-for-sale securities | (0.8 | ) |  | — |  |  | — |  |  | — |  |  | (0.8 | )
Net unrealized losses on cash flow hedges (net of $54.6 tax benefit) |  |  |  |  |  |  |  |  |
(Decrease) increase in fair value of cash flow hedges | (225.9 | ) |  | — |  |  | 30.9 |  |  | — |  |  | (195.0 | )
Reclassification for realized losses (gains) included in net (loss) income | 31.3 |  |  | — |  |  | (41.5 | ) |  | — |  |  | (10.2 | )
Net unrealized losses on cash flow hedges | (194.6 | ) |  | — |  |  | (10.6 | ) |  | — |  |  | (205.2 | )
Postretirement plans and workers' compensation obligations (net of $10.3 tax benefit) |  |  |  |  |  |  |  |  |
Prior service credit for the period | — |  |  | 11.4 |  |  | — |  |  | — |  |  | 11.4 |
Net actuarial (loss) gain for the period | — |  |  | (152.6 | ) |  | 9.9 |  |  | — |  |  | (142.7 | )
Amortization of actuarial loss (gain) and prior service cost included in net (loss) income | — |  |  | 41.4 |  |  | (8.7 | ) |  | — |  |  | 32.7 |
Postretirement plans and workers' compensation obligations | — |  |  | (99.8 | ) |  | 1.2 |  |  | — |  |  | (98.6 | )
Foreign currency translation adjustment | — |  |  | — |  |  | (41.0 | ) |  | — |  |  | (41.0 | )
Other comprehensive income from investment in subsidiaries | (150.2 | ) |  | — |  |  | — |  |  | 150.2 |  |  | — |
Other comprehensive loss, net of income taxes | (345.6 | ) |  | (99.8 | ) |  | (50.4 | ) |  | 150.2 |  |  | (345.6 | )
Comprehensive (loss) income | (1,132.6 | ) |  | 260.1 |  |  | (529.1 | ) |  | 278.7 |  |  | (1,122.9 | )
Less: Comprehensive income attributable to noncontrolling interests | — |  |  | 5.2 |  |  | 4.5 |  |  | — |  |  | 9.7 |
Comprehensive (loss) income attributable to common stockholders | $ | (1,132.6 | ) |  | $ | 254.9 |  |  | $ | (533.6 | ) |  | $ | 278.7 |  |  | $ | (1,132.6 | )
PEABODY ENERGY CORPORATION (DEBTOR-IN-POSSESSION) SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEETS
| December 31, 2016
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Reclassifications/ Eliminations |  | Consolidated
| (Dollars in millions)
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 266.6 |  |  | $ | 107.0 |  |  | $ | 498.7 |  |  | $ | — |  |  | $ | 872.3 |
Restricted cash | 13.8 |  |  | — |  |  | 40.5 |  |  | — |  |  | 54.3 |
Accounts receivable, net | — |  |  | 5.1 |  |  | 467.9 |  |  | — |  |  | 473.0 |
Receivables from affiliates, net | 899.9 |  |  | — |  |  | 783.0 |  |  | (1,682.9 | ) |  | — |
Inventories | — |  |  | 76.8 |  |  | 126.9 |  |  | — |  |  | 203.7 |
Assets from coal trading activities, net | — |  |  | 0.9 |  |  | — |  |  | (0.2 | ) |  | 0.7 |
Other current assets | 19.1 |  |  | 51.2 |  |  | 416.3 |  |  | — |  |  | 486.6 |
Total current assets | 1,199.4 |  |  | 241.0 |  |  | 2,333.3 |  |  | (1,683.1 | ) |  | 2,090.6 |
Property, plant, equipment and mine development, net | — |  |  | 4,381.6 |  |  | 4,395.1 |  |  | — |  |  | 8,776.7 |
Deferred income taxes | — |  |  | 15.8 |  |  | — |  |  | (15.8 | ) |  | — |
Investments and other assets | 8,652.0 |  |  | 3.8 |  |  | 626.5 |  |  | (8,371.9 | ) |  | 910.4 |
Notes receivable from affiliates, net | — |  |  | 1,036.3 |  |  | — |  |  | (1,036.3 | ) |  | — |
Total assets | $ | 9,851.4 |  |  | $ | 5,678.5 |  |  | $ | 7,354.9 |  |  | $ | (11,107.1 | ) |  | $ | 11,777.7 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current portion of long-term debt | $ | — |  |  | $ | 19.3 |  |  | $ | 0.9 |  |  | $ | — |  |  | $ | 20.2 |
Payables to affiliates, net | — |  |  | 1,682.9 |  |  | — |  |  | (1,682.9 | ) |  | — |
Liabilities from coal trading activities, net | — |  |  | — |  |  | 1.4 |  |  | (0.2 | ) |  | 1.2 |
Accounts payable and accrued expenses | 58.9 |  |  | 439.3 |  |  | 492.2 |  |  | — |  |  | 990.4 |
Total current liabilities | 58.9 |  |  | 2,141.5 |  |  | 494.5 |  |  | (1,683.1 | ) |  | 1,011.8 |
Deferred income taxes | 28.0 |  |  | — |  |  | 5.4 |  |  | (15.8 | ) |  | 17.6 |
Notes payable to affiliates, net | 1,032.5 |  |  | — |  |  | 3.8 |  |  | (1,036.3 | ) |  | — |
Other noncurrent liabilities | 160.4 |  |  | 1,330.3 |  |  | 479.6 |  |  | — |  |  | 1,970.3 |
Total liabilities not subject to compromise | 1,279.8 |  |  | 3,471.8 |  |  | 983.3 |  |  | (2,735.2 | ) |  | 2,999.7 |
Liabilities subject to compromise | 8,241.4 |  |  | 184.2 |  |  | 14.6 |  |  | — |  |  | 8,440.2 |
Total liabilities | 9,521.2 |  |  | 3,656.0 |  |  | 997.9 |  |  | (2,735.2 | ) |  | 11,439.9 |
Peabody Energy Corporation stockholders’ equity | 330.2 |  |  | 2,022.5 |  |  | 6,349.4 |  |  | (8,371.9 | ) |  | 330.2 |
Noncontrolling interests | — |  |  | — |  |  | 7.6 |  |  | — |  |  | 7.6 |
Total stockholders’ equity | 330.2 |  |  | 2,022.5 |  |  | 6,357.0 |  |  | (8,371.9 | ) |  | 337.8 |
Total liabilities and stockholders’ equity | $ | 9,851.4 |  |  | $ | 5,678.5 |  |  | $ | 7,354.9 |  |  | $ | (11,107.1 | ) |  | $ | 11,777.7 |
PEABODY ENERGY CORPORATION (DEBTOR-IN-POSSESSION) SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEETS
| December 31, 2015
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Reclassifications/ Eliminations |  | Consolidated
|  |  | (Dollars in millions) |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 7.2 |  |  | $ | 4.7 |  |  | $ | 249.4 |  |  | $ | — |  |  | $ | 261.3 |
Accounts receivable, net | — |  |  | 12.1 |  |  | 216.7 |  |  | — |  |  | 228.8 |
Receivables from affiliates, net | 582.1 |  |  | — |  |  | 948.1 |  |  | (1,530.2 | ) |  | — |
Inventories | — |  |  | 109.4 |  |  | 198.4 |  |  | — |  |  | 307.8 |
Assets from coal trading activities, net | — |  |  | 3.2 |  |  | 20.3 |  |  | — |  |  | 23.5 |
Deferred income taxes | — |  |  | 65.3 |  |  | — |  |  | (11.8 | ) |  | 53.5 |
Other current assets | 23.1 |  |  | 128.1 |  |  | 296.4 |  |  | — |  |  | 447.6 |
Total current assets | 612.4 |  |  | 322.8 |  |  | 1,929.3 |  |  | (1,542.0 | ) |  | 1,322.5 |
Property, plant, equipment and mine development, net | — |  |  | 4,304.8 |  |  | 4,953.7 |  |  | — |  |  | 9,258.5 |
Deferred income taxes | — |  |  | 33.1 |  |  | — |  |  | (30.9 | ) |  | 2.2 |
Investments and other assets | 8,476.2 |  |  | 3.6 |  |  | 185.5 |  |  | (8,301.6 | ) |  | 363.7 |
Notes receivable from affiliates, net | — |  |  | 632.7 |  |  | 399.9 |  |  | (1,032.6 | ) |  | — |
Total assets | $ | 9,088.6 |  |  | $ | 5,297.0 |  |  | $ | 7,468.4 |  |  | $ | (10,907.1 | ) |  | $ | 10,946.9 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current portion of long-term debt | $ | 5,844.0 |  |  | $ | 23.8 |  |  | $ | 7.1 |  |  | $ | — |  |  | $ | 5,874.9 |
Payables to affiliates, net | — |  |  | 1,530.2 |  |  | — |  |  | (1,530.2 | ) |  | — |
Deferred income taxes | 11.8 |  |  | — |  |  | 3.8 |  |  | (11.8 | ) |  | 3.8 |
Liabilities from coal trading activities, net | — |  |  | 4.8 |  |  | 10.8 |  |  | — |  |  | 15.6 |
Accounts payable and accrued expenses | 494.8 |  |  | 479.8 |  |  | 467.9 |  |  | — |  |  | 1,442.5 |
Total current liabilities | 6,350.6 |  |  | 2,038.6 |  |  | 489.6 |  |  | (1,542.0 | ) |  | 7,336.8 |
Long-term debt, less current portion | 366.3 |  |  | — |  |  | — |  |  | — |  |  | 366.3 |
Deferred income taxes | 98.6 |  |  | — |  |  | 1.4 |  |  | (30.9 | ) |  | 69.1 |
Notes payable to affiliates, net | 1,032.6 |  |  | — |  |  | — |  |  | (1,032.6 | ) |  | — |
Other noncurrent liabilities | 323.6 |  |  | 1,454.9 |  |  | 477.7 |  |  | — |  |  | 2,256.2 |
Total liabilities | 8,171.7 |  |  | 3,493.5 |  |  | 968.7 |  |  | (2,605.5 | ) |  | 10,028.4 |
Peabody Energy Corporation stockholders’ equity | 916.9 |  |  | 1,803.5 |  |  | 6,498.1 |  |  | (8,301.6 | ) |  | 916.9 |
Noncontrolling interests | — |  |  | — |  |  | 1.6 |  |  | — |  |  | 1.6 |
Total stockholders’ equity | 916.9 |  |  | 1,803.5 |  |  | 6,499.7 |  |  | (8,301.6 | ) |  | 918.5 |
Total liabilities and stockholders’ equity | $ | 9,088.6 |  |  | $ | 5,297.0 |  |  | $ | 7,468.4 |  |  | $ | (10,907.1 | ) |  | $ | 10,946.9 |
PEABODY ENERGY CORPORATION (DEBTOR-IN-POSSESSION) SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
| Year Ended December 31, 2016
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated
|  |  | (Dollars in millions) |  |
Cash Flows From Operating Activities |  |  |  |  |  |  |  |  |  |  |
Net cash (used in) provided by continuing operations | $ | (167.3 | ) |  | $ | 78.5 |  |  | $ | 65.9 |  |  | $ | (22.9 | )
Net cash used in discontinued operations | (16.2 | ) |  | (1.9 | ) |  | (11.8 | ) |  | (29.9 | )
Net cash (used in) provided by operating activities | (183.5 | ) |  | 76.6 |  |  | 54.1 |  |  | (52.8 | )
Cash Flows From Investing Activities |  |  |  |  |  |  |  |  |  |  |
Additions to property, plant, equipment and mine development | — |  |  | (55.5 | ) |  | (71.1 | ) |  | (126.6 | )
Changes in accrued expenses related to capital expenditures | — |  |  | (0.6 | ) |  | (5.5 | ) |  | (6.1 | )
Federal coal lease expenditures | — |  |  | (249.0 | ) |  | — |  |  | (249.0 | )
Proceeds from disposal of assets, net of notes receivable | — |  |  | 77.7 |  |  | 66.7 |  |  | 144.4 |
Contributions to joint ventures | — |  |  | — |  |  | (309.5 | ) |  | (309.5 | )
Distributions from joint ventures | — |  |  | — |  |  | 312.4 |  |  | 312.4 |
Advances to related parties | — |  |  | — |  |  | (40.4 | ) |  | (40.4 | )
Repayment of loans from related parties | — |  |  | — |  |  | 40.6 |  |  | 40.6 |
Other, net | — |  |  | (5.1 | ) |  | (4.8 | ) |  | (9.9 | )
Net cash used in by investing activities | — |  |  | (232.5 | ) |  | (11.6 | ) |  | (244.1 | )
Cash Flows From Financing Activities |  |  |  |  |  |  |
Proceeds from long-term debt | 1,450.6 |  |  | — |  |  | 7.8 |  |  | 1,458.4 |
Repayments of long-term debt | (503.0 | ) |  | (4.4 | ) |  | (6.3 | ) |  | (513.7 | )
Payment of deferred financing costs | (26.8 | ) |  | — |  |  | (4.2 | ) |  | (31.0 | )
Other, net | — |  |  | (5.8 | ) |  | — |  |  | (5.8 | )
Transactions with affiliates, net | (477.9 | ) |  | 268.4 |  |  | 209.5 |  |  | — |
Net cash provided by financing activities | 442.9 |  |  | 258.2 |  |  | 206.8 |  |  | 907.9 |
Net change in cash and cash equivalents | $ | 259.4 |  |  | $ | 102.3 |  |  | $ | 249.3 |  |  | $ | 611.0 |
Cash and cash equivalents at beginning of year | 7.2 |  |  | 4.7 |  |  | 249.4 |  |  | 261.3 |
Cash and cash equivalents at end of year | $ | 266.6 |  |  | $ | 107.0 |  |  | $ | 498.7 |  |  | $ | 872.3 |
PEABODY ENERGY CORPORATION (DEBTOR-IN-POSSESSION) SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
| Year Ended December 31, 2015
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated
|  |  | (Dollars in millions) |  |
Cash Flows From Operating Activities |  |  |  |  |  |  |  |  |  |  |
Net cash (used in) provided by continuing operations | $ | (692.9 | ) |  | $ | 615.3 |  |  | $ | 96.5 |  |  | $ | 18.9 |
Net cash used in discontinued operations | (27.4 | ) |  | (2.9 | ) |  | (3.0 | ) |  | (33.3 | )
Net cash (used in) provided by operating activities | (720.3 | ) |  | 612.4 |  |  | 93.5 |  |  | (14.4 | )
Cash Flows From Investing Activities |  |  |  |  |  |  |  |  |  |  |
Additions to property, plant, equipment and mine development | — |  |  | (70.6 | ) |  | (56.2 | ) |  | (126.8 | )
Changes in accrued expenses related to capital expenditures | — |  |  | (2.3 | ) |  | (6.9 | ) |  | (9.2 | )
Federal coal lease expenditures | — |  |  | (277.2 | ) |  | — |  |  | (277.2 | )
Proceeds from disposal of assets, net of notes receivable | — |  |  | 36.3 |  |  | 34.1 |  |  | 70.4 |
Purchases of debt and equity securities | — |  |  | — |  |  | (28.8 | ) |  | (28.8 | )
Proceeds from sales and maturities of debt and equity securities | — |  |  | — |  |  | 90.3 |  |  | 90.3 |
Contributions to joint ventures | — |  |  | — |  |  | (425.4 | ) |  | (425.4 | )
Distributions from joint ventures | — |  |  | — |  |  | 422.6 |  |  | 422.6 |
Advances to related parties | — |  |  | — |  |  | (3.7 | ) |  | (3.7 | )
Repayment of loan from related parties | — |  |  | — |  |  | 0.9 |  |  | 0.9 |
Other, net | — |  |  | (2.7 | ) |  | (0.4 | ) |  | (3.1 | )
Net cash (used in) provided by investing activities | — |  |  | (316.5 | ) |  | 26.5 |  |  | (290.0 | )
Cash Flows From Financing Activities |  |  |  |  |  |  |
Proceeds from long-term debt | 975.7 |  |  | — |  |  | — |  |  | 975.7 |
Repayments of long-term debt | (662.0 | ) |  | (0.7 | ) |  | (8.6 | ) |  | (671.3 | )
Payment of deferred financing costs | (28.7 | ) |  | — |  |  | — |  |  | (28.7 | )
Dividends paid | (1.4 | ) |  | — |  |  | — |  |  | (1.4 | )
Other, net | 1.4 |  |  | (1.8 | ) |  | (6.2 | ) |  | (6.6 | )
Transactions with affiliates, net | 253.8 |  |  | (289.9 | ) |  | 36.1 |  |  | — |
Net cash provided by (used in) financing activities | 538.8 |  |  | (292.4 | ) |  | 21.3 |  |  | 267.7 |
Net change in cash and cash equivalents | $ | (181.5 | ) |  | $ | 3.5 |  |  | $ | 141.3 |  |  | $ | (36.7 | )
Cash and cash equivalents at beginning of year | 188.7 |  |  | 1.2 |  |  | 108.1 |  |  | 298.0 |
Cash and cash equivalents at end of year | $ | 7.2 |  |  | $ | 4.7 |  |  | $ | 249.4 |  |  | $ | 261.3 |
PEABODY ENERGY CORPORATION (DEBTOR-IN-POSSESSION) SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
| Year Ended December 31, 2014
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated
|  |  | (Dollars in millions) |  |
Cash Flows From Operating Activities |  |  |  |  |  |  |  |  |  |  |
Net cash (used in) provided by continuing operations | $ | (369.0 | ) |  | $ | 764.7 |  |  | $ | 45.3 |  |  | $ | 441.0 |
Net cash used in discontinued operations | (73.3 | ) |  | (4.6 | ) |  | (26.5 | ) |  | (104.4 | )
Net cash (used in) provided by operating activities | (442.3 | ) |  | 760.1 |  |  | 18.8 |  |  | 336.6 |
Cash Flows From Investing Activities |  |  |  |  |  |  |  |  |  |  |
Additions to property, plant, equipment and mine development | — |  |  | (95.8 | ) |  | (98.6 | ) |  | (194.4 | )
Changes in accrued expenses related to capital expenditures | — |  |  | 2.2 |  |  | (18.8 | ) |  | (16.6 | )
Federal coal lease expenditures | — |  |  | (276.7 | ) |  | — |  |  | (276.7 | )
Proceeds from disposal of assets, net of notes receivable | — |  |  | 105.9 |  |  | 97.8 |  |  | 203.7 |
Purchases of debt and equity securities | — |  |  | — |  |  | (15.1 | ) |  | (15.1 | )
Proceeds from sales and maturities of debt and equity securities | — |  |  | — |  |  | 13.5 |  |  | 13.5 |
Contributions to joint ventures | — |  |  | — |  |  | (529.8 | ) |  | (529.8 | )
Distributions from joint ventures | — |  |  | — |  |  | 534.2 |  |  | 534.2 |
Advances to related parties | — |  |  | — |  |  | (33.7 | ) |  | (33.7 | )
Repayment of loans from related parties | — |  |  | — |  |  | 5.4 |  |  | 5.4 |
Other, net | — |  |  | (4.2 | ) |  | (0.8 | ) |  | (5.0 | )
Net cash used in investing activities | — |  |  | (268.6 | ) |  | (45.9 | ) |  | (314.5 | )
Cash Flows From Financing Activities |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term debt | — |  |  | — |  |  | 1.1 |  |  | 1.1 |
Repayments of long-term debt | (12.0 | ) |  | (0.7 | ) |  | (8.3 | ) |  | (21.0 | )
Payment of deferred financing costs | (10.1 | ) |  | — |  |  | — |  |  | (10.1 | )
Dividends paid | (92.3 | ) |  | — |  |  | — |  |  | (92.3 | )
Restricted cash for distributions to noncontrolling interest | — |  |  | — |  |  | (42.5 | ) |  | (42.5 | )
Other, net | 3.1 |  |  | (1.7 | ) |  | (4.7 | ) |  | (3.3 | )
Transactions with affiliates, net | 441.6 |  |  | (488.2 | ) |  | 46.6 |  |  | — |
Net cash provided by (used in) financing activities | 330.3 |  |  | (490.6 | ) |  | (7.8 | ) |  | (168.1 | )
Net change in cash and cash equivalents | $ | (112.0 | ) |  | $ | 0.9 |  |  | $ | (34.9 | ) |  | $ | (146.0 | )
Cash and cash equivalents at beginning of year | 300.7 |  |  | 0.3 |  |  | 143.0 |  |  | 444.0 |
Cash and cash equivalents at end of year | $ | 188.7 |  |  | $ | 1.2 |  |  | $ | 108.1 |  |  | $ | 298.0 |

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