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Equity Method Investments | 9 Months Ended
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Sep. 30, 2022
Equity Method Investment, Summarized Financial Information [Abstract] |
Equity Method Investments | Equity Method Investments The Company had total equity method investments and financing receivables of $32.8 million and $62.2 million reflected in “Investments and other assets” in the condensed consolidated balance sheets as of September 30, 2022 and December 31, 2021, respectively, related to Middlemount Coal Pty Ltd (Middlemount). Included in “Income from equity affiliates” in the unaudited condensed consolidated statements of operations was income related to Middlemount of $28.4 million and $15.8 million during the three months ended September 30, 2022 and 2021, respectively, and $123.6 million and $11.4 million during the nine months ended September 30, 2022 and 2021, respectively. The Company received cash payments from Middlemount of $151.5 million and $7.6 million during the nine months ended September 30, 2022 and 2021, respectively. One of the Company’s Australian subsidiaries is party to an agreement to provide a revolving loan to Middlemount. The Compa ny’s participation in the revolving loan will not, at any time, exceed its 50% equity interest of the revolving loan limit, which was $50 million Australian dollars at September 30, 2022. The revolving loan bears interest at 10% per annum and expires on December 31, 2023. There was no outstanding revolving loan at September 30, 2022 or December 31, 2021.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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