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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2017
Segment Reporting [Abstract] |
Reportable segment results | Reportable segment results were as follows:
|  | 2017 |  |  | 2016 |  | 2017 |  | 2016
|  | Successor |  |  | Predecessor |  | Successor |  |  | Predecessor
|  | April 2 through June 30 |  |  | Three Months Ended June 30 |  | April 2 through June 30 |  |  | January 1 through April 1 |  | Six Months Ended June 30
|  | (Dollars in millions)
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Powder River Basin Mining |  | $ | 365.4 |  |  |  | $ | 306.6 |  |  | $ | 365.4 |  |  |  | $ | 394.3 |  |  | $ | 642.6 |
Midwestern U.S. Mining |  | 194.9 |  |  |  | 189.0 |  |  | 194.9 |  |  |  | 193.2 |  |  | 388.6 |
Western U.S. Mining |  | 125.4 |  |  |  | 112.1 |  |  | 125.4 |  |  |  | 149.7 |  |  | 224.6 |
Australian Metallurgical Mining |  | 287.8 |  |  |  | 245.2 |  |  | 287.8 |  |  |  | 328.9 |  |  | 450.3 |
Australian Thermal Mining |  | 239.2 |  |  |  | 186.8 |  |  | 239.2 |  |  |  | 224.8 |  |  | 363.5 |
Trading and Brokerage |  | 5.2 |  |  |  | 17.5 |  |  | 5.2 |  |  |  | 15.0 |  |  | 13.8 |
Corporate and Other |  | 40.4 |  |  |  | (17.0 | ) |  | 40.4 |  |  |  | 20.3 |  |  | (16.0 | )
Total |  | $ | 1,258.3 |  |  |  | $ | 1,040.2 |  |  | $ | 1,258.3 |  |  |  | $ | 1,326.2 |  |  | $ | 2,067.4 |
Adjusted EBITDA: |  |  |  |  |  |  |  |  |  |  |  |
Powder River Basin Mining |  | $ | 84.8 |  |  |  | $ | 80.6 |  |  | $ | 84.8 |  |  |  | $ | 91.7 |  |  | $ | 154.4 |
Midwestern U.S. Mining |  | 46.5 |  |  |  | 52.7 |  |  | 46.5 |  |  |  | 50.0 |  |  | 113.3 |
Western U.S. Mining |  | 44.9 |  |  |  | 28.8 |  |  | 44.9 |  |  |  | 50.0 |  |  | 48.9 |
Australian Metallurgical Mining |  | 71.9 |  |  |  | (49.2 | ) |  | 71.9 |  |  |  | 109.6 |  |  | (86.5 | )
Australian Thermal Mining |  | 105.9 |  |  |  | 45.4 |  |  | 105.9 |  |  |  | 75.6 |  |  | 88.3 |
Trading and Brokerage |  | (5.1 | ) |  |  | (18.2 | ) |  | (5.1 | ) |  |  | 8.8 |  |  | (31.9 | )
Corporate and Other (1) |  | (31.1 | ) |  |  | (67.5 | ) |  | (31.1 | ) |  |  | (44.4 | ) |  | (178.7 | )
Total |  | $ | 317.8 |  |  |  | $ | 72.6 |  |  | $ | 317.8 |  |  |  | $ | 341.3 |  |  | $ | 107.8 |
(1) | Includes a gain of $68.1 million related to the 2016 Settlement Agreement described in Note 5. "Discontinued Operations" during the six months ended June 30, 2016 and a gain of $19.7 million related to the sale of Dominion Terminal Associates during the predecessor period January 1 through April 1, 2017.
Reconciliation of Adjusted EBITDA to consolidated loss from continuing operations, net of income taxes | A reconciliation of consolidated income (loss) from continuing operations, net of income taxes to Adjusted EBITDA follows:
|  | 2017 |  | 2016 |  | 2017 |  | 2016
|  | Successor | Predecessor |  | Predecessor |  | Successor | Predecessor |  | Predecessor
|  | April 2 through June 30 | April 1 |  | Three Months Ended June 30 |  | April 2 through June 30 | January 1 through April 1 |  | Six Months Ended June 30
|  | (Dollars in millions)
Income (loss) from continuing operations, net of income taxes |  | $ | 101.4 |  | $ | (319.8 | ) |  | $ | (223.2 | ) |  | $ | 101.4 |  | $ | (195.5 | ) |  | $ | (390.9 | )
Depreciation, depletion and amortization |  | 148.3 |  | — |  |  | 115.9 |  |  | 148.3 |  | 119.9 |  |  | 227.7 |
Asset retirement obligation expenses |  | 11.0 |  | — |  |  | 11.5 |  |  | 11.0 |  | 14.6 |  |  | 24.6 |
Selling and administrative expenses related to debt restructuring |  | — |  | — |  |  | 7.2 |  |  | — |  | — |  |  | 21.5 |
Asset impairment |  | — |  | — |  |  | — |  |  | — |  | 30.5 |  |  | 17.2 |
Change in deferred tax asset valuation allowance related to equity affiliates |  | (4.3 | ) | — |  |  | (1.4 | ) |  | (4.3 | ) | (5.2 | ) |  | — |
Interest expense |  | 41.4 |  | — |  |  | 59.0 |  |  | 41.4 |  | 32.9 |  |  | 185.2 |
Interest income |  | (1.5 | ) | — |  |  | (1.3 | ) |  | (1.5 | ) | (2.7 | ) |  | (2.7 | )
Break fees related to terminated asset sales |  | (28.0 | ) | — |  |  | — |  |  | (28.0 | ) | — |  |  | — |
Realized losses on non-coal trading derivative contracts |  | — |  | — |  |  | 25.0 |  |  | — |  | — |  |  | — |
Unrealized gains on non-coal trading derivative contracts |  | (3.2 | ) | — |  |  | — |  |  | (3.2 | ) | — |  |  | — |
Unrealized (gains) losses on economic hedges |  | (9.4 | ) | — |  |  | 22.1 |  |  | (9.4 | ) | (16.6 | ) |  | 27.2 |
Coal inventory revaluation |  | 67.3 |  | — |  |  | — |  |  | 67.3 |  | — |  |  | — |
Take-or-pay contract-based intangible recognition |  | (9.9 | ) | — |  |  | — |  |  | (9.9 | ) | — |  |  | — |
Reorganization items, net |  | — |  | 585.8 |  |  | 95.4 |  |  | — |  | 627.2 |  |  | 95.4 |
Income tax provision (benefit) |  | 4.7 |  | (266.0 | ) |  | (37.6 | ) |  | 4.7 |  | (263.8 | ) |  | (97.4 | )
Total Adjusted EBITDA |  | $ | 317.8 |  | $ | — |  |  | $ | 72.6 |  |  | $ | 317.8 |  | $ | 341.3 |  |  | $ | 107.8 |
Schedule of Total Assets by Division | Assets as of June 30, 2017 were as follows:
| U.S. Mining |  | Australian Mining |  | Trading and Brokerage |  | Corporate and Other |  | Consolidated
Successor Company | (Dollars in millions)
Total assets | $ | 3,997.5 |  |  | $ | 2,732.4 |  |  | $ | 44.0 |  |  | $ | 1,541.3 |  |  | $ | 8,315.2 |
Property, plant, equipment and mine development, net | 3,339.1 |  |  | 1,422.5 |  |  | — |  |  | 452.6 |  |  | 5,214.2 |
Assets as of December 31, 2016 were as follows:
| U.S. Mining |  | Australian Mining |  | Trading and Brokerage |  | Corporate and Other |  | Consolidated
Predecessor Company | (Dollars in millions)
Total assets | $ | 4,255.9 |  |  | $ | 5,402.2 |  |  | $ | 128.7 |  |  | $ | 1,990.9 |  |  | $ | 11,777.7 |
Property, plant, equipment and mine development, net | 3,970.6 |  |  | 3,905.8 |  |  | 0.2 |  |  | 900.1 |  |  | 8,776.7 |

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