XML 124 R67.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Segment and Geographic Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Segment Reporting [Abstract] |
Operating segment results | Segment results for the year ended December 31, 2019 were as follows:
| Successor
| Seaborne Thermal Mining |  | Seaborne Metallurgical Mining |  | Powder River Basin Mining |  | Midwestern U.S. Mining |  | Western U.S. Mining |  | Corporate and Other |  | Consolidated
| (Dollars in millions)
Revenues | $ | 971.7 |  |  | $ | 1,033.1 |  |  | $ | 1,228.7 |  |  | $ | 669.7 |  |  | $ | 639.7 |  |  | $ | 80.5 |  |  | $ | 4,623.4 |
Adjusted EBITDA | 329.4 |  |  | 140.2 |  |  | 221.2 |  |  | 130.7 |  |  | 230.7 |  |  | (215.1 | ) |  | 837.1 |
Additions to property, plant, equipment and mine development | 42.1 |  |  | 143.4 |  |  | 42.8 |  |  | 35.9 |  |  | 18.1 |  |  | 3.1 |  |  | 285.4 |
Income from equity affiliates | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (3.4 | ) |  | (3.4 | )
Segment results for the year ended December 31, 2018 were as follows:
| Successor
| Seaborne Thermal Mining |  | Seaborne Metallurgical Mining |  | Powder River Basin Mining |  | Midwestern U.S. Mining |  | Western U.S. Mining |  | Corporate and Other |  | Consolidated
| (Dollars in millions)
Revenues | $ | 1,099.2 |  |  | $ | 1,553.0 |  |  | $ | 1,424.8 |  |  | $ | 801.0 |  |  | $ | 592.0 |  |  | $ | 111.8 |  |  | $ | 5,581.8 |
Adjusted EBITDA | 452.0 |  |  | 441.4 |  |  | 284.5 |  |  | 145.2 |  |  | 145.4 |  |  | (89.2 | ) |  | 1,379.3 |
Additions to property, plant, equipment and mine development | 66.6 |  |  | 88.7 |  |  | 81.0 |  |  | 46.6 |  |  | 13.9 |  |  | 4.2 |  |  | 301.0 |
Federal coal lease expenditures | — |  |  | — |  |  | — |  |  | — |  |  | 0.5 |  |  | — |  |  | 0.5 |
Income from equity affiliates | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (68.1 | ) |  | (68.1 | )
Segment results for the period April 2 through December 31, 2017 were as follows:
| Successor
| Seaborne Thermal Mining |  | Seaborne Metallurgical Mining |  | Powder River Basin Mining |  | Midwestern U.S. Mining |  | Western U.S. Mining |  | Corporate and Other |  | Consolidated
| (Dollars in millions)
Revenues | $ | 772.5 |  |  | $ | 1,221.0 |  |  | $ | 1,178.7 |  |  | $ | 592.3 |  |  | $ | 440.7 |  |  | $ | 47.4 |  |  | $ | 4,252.6 |
Adjusted EBITDA | 306.6 |  |  | 414.9 |  |  | 278.8 |  |  | 124.4 |  |  | 131.8 |  |  | (111.2 | ) |  | 1,145.3 |
Additions to property, plant, equipment and mine development | 39.2 |  |  | 56.0 |  |  | 32.6 |  |  | 21.7 |  |  | 13.8 |  |  | 3.3 |  |  | 166.6 |
Income from equity affiliates | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (49.0 | ) |  | (49.0 | )
Segment results for the period January 1 through April 1, 2017 were as follows:
| Predecessor
| Seaborne Thermal Mining |  | Seaborne Metallurgical Mining |  | Powder River Basin Mining |  | Midwestern U.S. Mining |  | Western U.S. Mining |  | Corporate and Other |  | Consolidated
| (Dollars in millions)
Revenues | $ | 224.8 |  |  | $ | 328.9 |  |  | $ | 394.3 |  |  | $ | 193.2 |  |  | $ | 149.7 |  |  | $ | 35.3 |  |  | $ | 1,326.2 |
Adjusted EBITDA | 75.6 |  |  | 109.6 |  |  | 91.7 |  |  | 50.0 |  |  | 50.0 |  |  | (35.6 | ) |  | 341.3 |
Additions to property, plant, equipment and mine development | 2.3 |  |  | 5.2 |  |  | 19.3 |  |  | 2.8 |  |  | 3.1 |  |  | 0.1 |  |  | 32.8 |
Federal coal lease expenditures | — |  |  | — |  |  | — |  |  | — |  |  | 0.5 |  |  | — |  |  | 0.5 |
Income from equity affiliates | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (15.0 | ) |  | (15.0 | )
Reconciliation of Assets from Segment to Consolidated [Table Text Block] | Assets as of December 31, 2019 were as follows:
| Seaborne Mining |  | U.S. Thermal Mining |  | Corporate and Other |  | Consolidated
| (Dollars in millions)
Total assets | $ | 2,001.3 |  |  | $ | 3,044.8 |  |  | $ | 1,496.7 |  |  | $ | 6,542.8 |
Property, plant, equipment and mine development, net | 1,610.9 |  |  | 2,776.9 |  |  | 291.3 |  |  | 4,679.1 |
Operating lease right-of-use assets | 32.1 |  |  | 30.3 |  |  | 20.0 |  |  | 82.4 |
Assets as of December 31, 2018 were as follows:
| Seaborne Mining |  | U.S. Thermal Mining |  | Corporate and Other |  | Consolidated
| (Dollars in millions)
Total assets | $ | 2,044.6 |  |  | $ | 3,481.7 |  |  | $ | 1,897.4 |  |  | $ | 7,423.7 |
Property, plant, equipment and mine development, net | 1,661.3 |  |  | 3,180.4 |  |  | 365.3 |  |  | 5,207.0 |
Assets as of December 31, 2017 were as follows:
| Seaborne Mining |  | U.S. Thermal Mining |  | Corporate and Other |  | Consolidated
| (Dollars in millions)
Total assets | $ | 2,339.6 |  |  | $ | 3,846.5 |  |  | $ | 1,995.1 |  |  | $ | 8,181.2 |
Property, plant, equipment and mine development, net | 1,501.7 |  |  | 3,361.0 |  |  | 249.2 |  |  | 5,111.9 |
Reconciliation of Adjusted EBITDA to consolidated loss from continuing operations | A reconciliation of consolidated (loss) income from continuing operations, net of income taxes to Adjusted EBITDA follows:
| Successor | Predecessor
| Year Ended December 31, 2019 |  | Year Ended December 31, 2018 |  | April 2 through December 31, 2017 | January 1 through April 1, 2017
| (Dollars in millions)
(Loss) income from continuing operations, net of income taxes | $ | (188.3 | ) |  | $ | 645.7 |  |  | $ | 713.1 |  | $ | (195.5 | )
Depreciation, depletion and amortization | 601.0 |  |  | 679.0 |  |  | 521.6 |  | 119.9 |
Asset retirement obligation expenses | 58.4 |  |  | 53.0 |  |  | 41.2 |  | 14.6 |
Gain on formation of United Wambo Joint Venture | (48.1 | ) |  | — |  |  | — |  | — |
Asset impairment | 270.2 |  |  | — |  |  | — |  | 30.5 |
Provision for North Goonyella equipment loss | 83.2 |  |  | 66.4 |  |  | — |  | — |
North Goonyella insurance recovery - equipment (1) | (91.1 | ) |  | — |  |  | — |  | — |
Changes in deferred tax asset valuation allowance and reserves and amortization of basis difference related to equity affiliates | (18.8 | ) |  | (18.3 | ) |  | (17.3 | ) | (5.2 | )
Interest expense | 144.0 |  |  | 149.3 |  |  | 119.7 |  | 32.9 |
Loss on early debt extinguishment | 0.2 |  |  | 2.0 |  |  | 20.9 |  | — |
Interest income | (27.0 | ) |  | (33.6 | ) |  | (5.6 | ) | (2.7 | )
Net mark-to-market adjustment on actuarially determined liabilities | 67.4 |  |  | (125.5 | ) |  | (45.2 | ) | — |
Reorganization items, net | — |  |  | (12.8 | ) |  | — |  | 627.2 |
Gain on disposal of reclamation liability | — |  |  | — |  |  | (31.2 | ) | — |
Gain on disposal of Burton Mine assets | — |  |  | — |  |  | (52.2 | ) | — |
Break fees related to terminated asset sales | — |  |  | — |  |  | (28.0 | ) | — |
Unrealized (gains) losses on economic hedges | (42.2 | ) |  | (18.3 | ) |  | 23.0 |  | (16.6 | )
Unrealized (gains) losses on non-coal trading derivative contracts | (1.2 | ) |  | 0.7 |  |  | 1.5 |  | — |
Fresh start coal inventory revaluation | — |  |  | — |  |  | 67.3 |  | — |
Fresh start take-or-pay contract-based intangible recognition | (16.6 | ) |  | (26.7 | ) |  | (22.5 | ) | — |
Income tax provision (benefit) | 46.0 |  |  | 18.4 |  |  | (161.0 | ) | (263.8 | )
Total Adjusted EBITDA | $ | 837.1 |  |  | $ | 1,379.3 |  |  | $ | 1,145.3 |  | $ | 341.3 |
(1) As described in Note 22. “Other Events,” the Company recorded a $125.0 million insurance recovery during the year ended December 31, 2019 related to losses incurred at its North Goonyella Mine. Of this amount, Adjusted EBITDA excludes an allocated amount applicable to total equipment losses recognized at the time of the insurance recovery settlement, which consisted of $24.7 million and $66.4 million recognized during the years ended December 31, 2019 and 2018, respectively. The remaining $33.9 million, applicable to incremental costs and business interruption losses, is included in Adjusted EBITDA for the year ended December 31, 2019.
Revenues as a percent of total revenue from external customers by geographic region | The following table presents revenues as a percent of total revenue from external customers by geographic region:
| Successor | Predecessor
| Year Ended December 31, 2019 |  | Year Ended December 31, 2018 |  | April 2 through December 31, 2017 | January 1 through April 1, 2017
U.S. | 53.6 | % |  | 47.8 | % |  | 48.9 | % | 55.2 | %
Japan | 15.4 | % |  | 10.1 | % |  | 11.7 | % | 11.4 | %
Taiwan | 6.0 | % |  | 8.1 | % |  | 8.7 | % | 5.7 | %
Australia | 5.8 | % |  | 6.6 | % |  | 5.3 | % | 4.2 | %
China | 3.8 | % |  | 5.9 | % |  | 7.5 | % | 5.6 | %
South Korea | 2.9 | % |  | 3.1 | % |  | 1.1 | % | 0.5 | %
India | 1.2 | % |  | 6.2 | % |  | 6.7 | % | 2.7 | %
Other | 11.3 | % |  | 12.2 | % |  | 10.1 | % | 14.7 | %
Total | 100.0 | % |  | 100.0 | % |  | 100.0 | % | 100.0 | %

X
- Definition Reconciliation Of Adjusted Ebitda To Consolidated Income From Continuing Operations Net Of Income Taxes. + References No definition available. + Details
Name: | btu_ReconciliationOfAdjustedEbitdaToConsolidatedIncomeFromContinuingOperationsNetOfIncomeTaxesTableTextBlock
Namespace Prefix: | btu_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Revenue Percentages from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] + References No definition available. + Details
Name: | btu_ScheduleOfRevenuePercentagesFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTableTextBlock
Namespace Prefix: | btu_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration