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v3.22.4

Segment and Geographic Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Operating segment results | Segment results for the year ended December 31, 2022 were as follows:
| Seaborne Thermal Mining |  | Seaborne Metallurgical Mining |  | Powder River Basin Mining |  | Other U.S. Thermal Mining |  | Corporate and Other |  | Consolidated
| (Dollars in millions)
Revenue | $ | 1,345.6 |  |  | $ | 1,616.9 |  |  | $ | 1,065.5 |  |  | $ | 952.2 |  |  | $ | 1.7 |  |  | $ | 4,981.9 |
Adjusted EBITDA | 647.6 |  |  | 781.7 |  |  | 68.2 |  |  | 242.4 |  |  | 104.8 |  |  | 1,844.7 |
Additions to property, plant, equipment and mine development | 38.8 |  |  | 84.8 |  |  | 59.1 |  |  | 35.3 |  |  | 3.5 |  |  | 221.5 |
Income from equity affiliates | — |  |  | — |  |  | — |  |  | — |  |  | (131.2) |  |  | (131.2) |
Segment results for the year ended December 31, 2021 were as follows:
| Seaborne Thermal Mining |  | Seaborne Metallurgical Mining |  | Powder River Basin Mining |  | Other U.S. Thermal Mining |  | Corporate and Other |  | Consolidated
| (Dollars in millions)
Revenue | $ | 934.0 |  |  | $ | 727.7 |  |  | $ | 971.2 |  |  | $ | 689.1 |  |  | $ | (3.7) |  |  | $ | 3,318.3 |
Adjusted EBITDA | 353.1 |  |  | 178.2 |  |  | 134.9 |  |  | 164.2 |  |  | 86.3 |  |  | 916.7 |
Additions to property, plant, equipment and mine development | 88.6 |  |  | 25.1 |  |  | 41.4 |  |  | 24.2 |  |  | 3.8 |  |  | 183.1 |
Income from equity affiliates | — |  |  | — |  |  | — |  |  | — |  |  | (82.1) |  |  | (82.1) |
Segment results for the year ended December 31, 2020 were as follows:
| Seaborne Thermal Mining |  | Seaborne Metallurgical Mining |  | Powder River Basin Mining |  | Other U.S. Thermal Mining |  | Corporate and Other |  | Consolidated
| (Dollars in millions)
Revenue | $ | 711.8 |  |  | $ | 486.5 |  |  | $ | 991.1 |  |  | $ | 707.3 |  |  | $ | (15.6) |  |  | $ | 2,881.1 |
Adjusted EBITDA | 163.2 |  |  | (130.2) |  |  | 194.8 |  |  | 168.4 |  |  | (137.4) |  |  | 258.8 |
Additions to property, plant, equipment and mine development | 100.7 |  |  | 50.8 |  |  | 13.2 |  |  | 23.3 |  |  | 3.4 |  |  | 191.4 |
Loss from equity affiliates | — |  |  | — |  |  | — |  |  | — |  |  | 60.1 |  |  | 60.1 |
Reconciliation of Assets from Segment to Consolidated | Assets as of December 31, 2022 were as follows:
| Seaborne Mining |  | U.S. Thermal Mining |  | Corporate and Other |  | Consolidated
| (Dollars in millions)
Total assets | $ | 1,632.6 |  |  | $ | 1,359.4 |  |  | $ | 2,618.8 |  |  | $ | 5,610.8 |
Property, plant, equipment and mine development, net | 1,220.7 |  |  | 1,217.5 |  |  | 426.8 |  |  | 2,865.0 |
Operating lease right-of-use assets | 20.5 |  |  | 0.5 |  |  | 5.9 |  |  | 26.9 |
Assets as of December 31, 2021 were as follows:
| Seaborne Mining |  | U.S. Thermal Mining |  | Corporate and Other |  | Consolidated
| (Dollars in millions)
Total assets | $ | 1,669.6 |  |  | $ | 1,318.5 |  |  | $ | 1,961.7 |  |  | $ | 4,949.8 |
Property, plant, equipment and mine development, net | 1,298.8 |  |  | 1,209.5 |  |  | 442.3 |  |  | 2,950.6 |
Operating lease right-of-use assets | 19.2 |  |  | 3.3 |  |  | 13.0 |  |  | 35.5 |
Assets as of December 31, 2020 were as follows:
| Seaborne Mining |  | U.S. Thermal Mining |  | Corporate and Other |  | Consolidated
| (Dollars in millions)
Total assets | $ | 1,763.0 |  |  | $ | 1,345.3 |  |  | $ | 1,558.8 |  |  | $ | 4,667.1 |
Property, plant, equipment and mine development, net | 1,347.3 |  |  | 1,258.8 |  |  | 445.0 |  |  | 3,051.1 |
Operating lease right-of-use assets | 30.8 |  |  | 3.5 |  |  | 15.6 |  |  | 49.9 |
Reconciliation of Adjusted EBITDA to consolidated loss from continuing operations | A reconciliation of consolidated income (loss) from continuing operations, net of income taxes to Adjusted EBITDA follows:
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
| (Dollars in millions)
Income (loss) from continuing operations, net of income taxes | $ | 1,317.4 |  |  | $ | 347.4 |  |  | $ | (1,859.8) |
Depreciation, depletion and amortization | 317.6 |  |  | 308.7 |  |  | 346.0 |
Asset retirement obligation expenses | 49.4 |  |  | 44.7 |  |  | 45.7 |
Restructuring charges | 2.9 |  |  | 8.3 |  |  | 37.9 |
Transaction costs related to joint ventures | — |  |  | — |  |  | 23.1 |
Asset impairment | 11.2 |  |  | — |  |  | 1,487.4 |
Changes in deferred tax asset valuation allowance and reserves and amortization of basis difference related to equity affiliates | (2.3) |  |  | (33.8) |  |  | 30.9 |
Interest expense | 140.3 |  |  | 183.4 |  |  | 139.8 |
Net loss (gain) on early debt extinguishment | 57.9 |  |  | (33.2) |  |  | — |
Interest income | (18.4) |  |  | (6.5) |  |  | (9.4) |
Net mark-to-market adjustment on actuarially determined liabilities | (27.8) |  |  | (43.4) |  |  | (5.1) |
Unrealized losses on derivative contracts related to forecasted sales | 35.8 |  |  | 115.1 |  |  | 29.6 |
Unrealized losses (gains) on foreign currency option contracts | 2.3 |  |  | 7.5 |  |  | (7.1) |
Take-or-pay contract-based intangible recognition | (2.8) |  |  | (4.3) |  |  | (8.2) |
Income tax (benefit) provision | (38.8) |  |  | 22.8 |  |  | 8.0 |
Total Adjusted EBITDA | $ | 1,844.7 |  |  | $ | 916.7 |  |  | $ | 258.8 |
Revenues as a percent of total revenue from external customers by geographic region | The following table presents revenue as a percent of total revenue from external customers by geographic region:
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
U.S. | 36.6 | % |  | 45.5 | % |  | 56.2 | %
Japan | 19.4 | % |  | 14.2 | % |  | 13.3 | %
Taiwan | 9.3 | % |  | 14.4 | % |  | 7.7 | %
Australia | 8.5 | % |  | 7.7 | % |  | 6.9 | %
India | 2.9 | % |  | 5.4 | % |  | 2.6 | %
Vietnam | 2.8 | % |  | 2.0 | % |  | 2.4 | %
Brazil | 2.8 | % |  | 0.9 | % |  | 0.1 | %
South Korea | 2.1 | % |  | 1.4 | % |  | 0.8 | %
Indonesia | 1.5 | % |  | 3.0 | % |  | 0.2 | %
Belgium | 1.3 | % |  | — | % |  | 0.3 | %
Chile | 1.1 | % |  | 0.3 | % |  | — | %
France | 1.1 | % |  | — | % |  | — | %
China | — | % |  | — | % |  | 3.8 | %
Other | 10.6 | % |  | 5.2 | % |  | 5.7 | %
Total | 100.0 | % |  | 100.0 | % |  | 100.0 | %

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