Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2019

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	%