XML 26 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Apr. 01, 2017
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Adjustments to reconcile income (loss) from continuing operations, net of income taxes to net cash provided by (used in) operating activities:        
Fresh-Start Adjustment, Noncash Revaluation of Inventory $ 0.0   $ 0.0 $ 0.0
Predecessor        
Cash Flows From Operating Activities        
Net income (loss) (211.7)   (721.4) (1,958.2)
Loss from discontinued operations, net of income taxes 16.2   57.6 175.0
Income (loss) from continuing operations, net of income taxes (195.5)   (663.8) (1,783.2)
Adjustments to reconcile income (loss) from continuing operations, net of income taxes to net cash provided by (used in) operating activities:        
Depreciation, depletion and amortization 119.9   465.4 572.2
Noncash interest expense including loss on early extinguishment of debt 0.5   61.3 30.6
Deferred income taxes (262.3)   (97.0) (138.3)
Noncash share-based compensation 1.9   12.8 28.2
Asset impairment 30.5   247.9 1,277.8
Net gain on disposal of assets (22.8)   (23.2) (45.0)
(Income) loss from equity affiliates (15.0)   (16.2) 15.9
Gain on voluntary employee beneficiary association settlement 0.0   (68.1) 0.0
Foreign currency option contracts 0.0   0.0 0.0
Reclassification from other comprehensive earnings for terminated hedge contracts 27.6   125.2 0.0
Settlement of hedge positions 0.0   (25.0) (14.9)
Noncash reorganization items, net 569.3   90.9 0.0
Changes in current assets and liabilities:        
Accounts receivable 159.3   (101.3) 188.0
Change in receivable from accounts receivable securitization program 0.0   (168.5) 138.5
Inventories (47.2)   104.0 96.2
Net assets from coal trading activities (0.5)   8.5 (27.3)
Other current assets 0.1   (24.4) 14.8
Accounts payable and accrued expenses (54.8)   156.5 (381.7)
Restricted cash (94.1)   (125.7) 0.0
Asset retirement obligations 10.2   13.1 23.9
Workers' compensation obligations (3.1)   (0.4) (4.2)
Postretirement benefit obligations 0.8   6.3 18.7
Pension obligations 5.4   21.7 29.6
Take or pay obligation settlement (5.5)   (15.5) 0.0
Other, net (2.5)   (7.4) (20.9)
Net cash provided by continuing operations 222.2   (22.9) 18.9
Net cash used in discontinued operations (8.2)   (29.9) (33.3)
Net cash provided by operating activities 214.0   (52.8) (14.4)
Cash Flows From Investing Activities        
Additions to property, plant, equipment and mine development (32.8)   (126.6) (126.8)
Changes in accrued expenses related to capital expenditures (1.4)   (6.1) (9.2)
Federal coal lease expenditures (0.5)   (249.0) (277.2)
Proceeds from disposal of assets 24.3   144.4 70.4
Purchases of debt and equity securities 0.0   0.0 (28.8)
Proceeds from sales and maturities of debt and equity securities 0.0   0.0 90.3
Contributions to joint ventures (95.4)   (309.5) (425.4)
Distributions from joint ventures 90.5   312.4 422.6
Advances to related parties (0.4)   (40.4) (3.7)
Repayment of loans from related parties 31.1   40.6 0.9
Other, net (0.3)   (9.9) (3.1)
Net cash used in investing activities 15.1   (244.1) (290.0)
Cash Flows From Financing Activities        
Proceeds from long-term debt 1,000.0   1,458.4 975.7
Successor Notes issuance proceeds into escrow (1,000.0)   0.0 0.0
Repayments of long-term debt (2.1)   (513.7) (671.3)
Payment of deferred financing costs (45.4)   (31.0) (28.7)
Common stock repurchases 0.0   0.0 0.0
Dividends paid 0.0   0.0 (1.4)
Distributions to noncontrolling interests (0.1)   (1.9) (6.3)
Other, net (0.1)   (3.9) (0.3)
Net cash used in financing activities (47.7)   907.9 267.7
Net change in cash and cash equivalents 181.4   611.0 (36.7)
Cash and cash equivalents at beginning of year 872.3 $ 1,053.7 261.3 298.0
Cash and cash equivalents at end of year 1,053.7   $ 872.3 $ 261.3
Successor        
Cash Flows From Operating Activities        
Net income (loss)   693.3    
Loss from discontinued operations, net of income taxes   19.8    
Income (loss) from continuing operations, net of income taxes   713.1    
Adjustments to reconcile income (loss) from continuing operations, net of income taxes to net cash provided by (used in) operating activities:        
Depreciation, depletion and amortization   521.6    
Fresh-Start Adjustment, Noncash Revaluation of Inventory   67.3    
Noncash interest expense including loss on early extinguishment of debt   34.0    
Deferred income taxes   (99.6)    
Noncash share-based compensation   21.8    
Asset impairment   0.0    
Net gain on disposal of assets   (84.0)    
(Income) loss from equity affiliates   (49.0)    
Gain on voluntary employee beneficiary association settlement   0.0    
Foreign currency option contracts   (0.8)    
Reclassification from other comprehensive earnings for terminated hedge contracts   0.0    
Settlement of hedge positions   0.0    
Noncash reorganization items, net   0.0    
Changes in current assets and liabilities:        
Accounts receivable   (240.1)    
Change in receivable from accounts receivable securitization program   0.0    
Inventories   (36.8)    
Net assets from coal trading activities   9.1    
Other current assets   (51.2)    
Accounts payable and accrued expenses   (169.5)    
Restricted cash   274.2    
Asset retirement obligations   12.1    
Workers' compensation obligations   (1.1)    
Postretirement benefit obligations   (19.8)    
Pension obligations   (55.4)    
Take or pay obligation settlement   0.0    
Other, net   (29.9)    
Net cash provided by continuing operations   816.0    
Net cash used in discontinued operations   (18.8)    
Net cash provided by operating activities   797.2    
Cash Flows From Investing Activities        
Additions to property, plant, equipment and mine development   (166.6)    
Changes in accrued expenses related to capital expenditures   16.2    
Federal coal lease expenditures   0.0    
Proceeds from disposal of assets   17.9    
Purchases of debt and equity securities   0.0    
Proceeds from sales and maturities of debt and equity securities   0.0    
Contributions to joint ventures   (305.8)    
Distributions from joint ventures   307.0    
Advances to related parties   (3.0)    
Repayment of loans from related parties   51.3    
Other, net   (10.4)    
Net cash used in investing activities   (93.4)    
Cash Flows From Financing Activities        
Proceeds from long-term debt   0.0    
Successor Notes issuance proceeds into escrow   0.0    
Repayments of long-term debt   (541.8)    
Payment of deferred financing costs   (10.8)    
Common stock repurchases   (175.7)    
Dividends paid   0.0    
Distributions to noncontrolling interests   (16.7)    
Other, net   (0.4)    
Net cash used in financing activities   (745.4)    
Net change in cash and cash equivalents   (41.6)    
Cash and cash equivalents at beginning of year   1,053.7    
Cash and cash equivalents at end of year $ 1,053.7 $ 1,012.1