Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2022

Revenue by product type and market is set forth in the following tables. With respect to its seaborne reporting segments, the Company classifies as “Export” certain revenue from domestically-delivered coal under contracts in which the price is derived on a basis similar to export contracts.


	Year Ended December 31, 2022
	Seaborne Thermal Mining		Seaborne Metallurgical Mining		Powder River Basin Mining		Other U.S. Thermal Mining		Corporate and Other (1)		Consolidated
	(Dollars in millions)
Thermal coal
Domestic	$	167.6	$	—	$	1,066.0	$	943.9	$	—	$	2,177.5
Export	1,177.3		—		—		3.5		—		1,180.8
Total thermal	1,344.9		—		1,066.0		947.4		—		3,358.3
Metallurgical coal

Export	—		1,610.8		—		—		—		1,610.8
Total metallurgical	—		1,610.8		—		—		—		1,610.8
Other (2)	0.7		6.1		(0.5)		4.8		1.7		12.8
Revenue	$	1,345.6	$	1,616.9	$	1,065.5	$	952.2	$	1.7	$	4,981.9


	Year Ended December 31, 2021
	Seaborne Thermal Mining		Seaborne Metallurgical Mining		Powder River Basin Mining		Other U.S. Thermal Mining		Corporate and Other (1)		Consolidated
	(Dollars in millions)
Thermal coal
Domestic	$	173.5	$	—	$	970.7	$	669.9	$	—	$	1,814.1
Export	759.0		—		—		10.0		—		769.0
Total thermal	932.5		—		970.7		679.9		—		2,583.1
Metallurgical coal

Export	—		719.8		—		—		—		719.8
Total metallurgical	—		719.8		—		—		—		719.8
Other (2)	1.5		7.9		0.5		9.2		(3.7)		15.4
Revenue	$	934.0	$	727.7	$	971.2	$	689.1	$	(3.7)	$	3,318.3


	Year Ended December 31, 2020
	Seaborne Thermal Mining		Seaborne Metallurgical Mining		Powder River Basin Mining		Other U.S. Thermal Mining		Corporate and Other (1)		Consolidated
	(Dollars in millions)
Thermal coal
Domestic	$	145.5	$	—	$	993.9	$	675.2	$	—	$	1,814.6
Export	564.8		—		—		—		—		564.8
Total thermal	710.3		—		993.9		675.2		—		2,379.4
Metallurgical coal

Export	—		484.3		—		—		—		484.3
Total metallurgical	—		484.3		—		—		—		484.3
Other (2)	1.5		2.2		(2.8)		32.1		(15.6)		17.4
Revenue	$	711.8	$	486.5	$	991.1	$	707.3	$	(15.6)	$	2,881.1

Disaggregation of Revenue by Contract

(1) Corporate and Other includes the following:


	Year Ended December 31,
	2022		2021		2020
	(Dollars in millions)
Unrealized losses on derivative contracts related to forecasted sales	$	(35.8)	$	(115.1)	$	(29.6)
Realized (losses) gains on derivative contracts related to forecasted sales	(455.1)		(45.6)		34.3
Revenue from physical sale of coal (3)	470.7		140.3		(28.6)
Trading revenue	10.7		6.1		(0.7)
Other (2)	11.2		10.6		9.0
Total Corporate and Other	$	1.7	$	(3.7)	$	(15.6)

(2) Includes revenue from arrangements such as customer contract-related payments associated with volume shortfalls, royalties related to coal lease agreements, sales agency commissions, farm income and property and facility rentals.

(3) Includes revenue recognized upon the physical sale of coal purchased from the Company’s operating segments and sold to customers through the Company’s coal trading business as part of settling certain derivative contracts. Primarily represents the difference between the price contracted with the customer and the price allocated to the operating segment.

Schedule of Accounts Receivable

“Accounts receivable, net” at December 31, 2022 and 2021 consisted of the following:


	December 31,
	2022		2021
	(Dollars in millions)
Trade receivables, net	$	416.3	$	307.0
Miscellaneous receivables, net	49.2		43.5
Accounts receivable, net	$	465.5	$	350.5