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v3.23.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Reportable Segment Results | Reportable segment results were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (Dollars in millions)
Revenue: |  |  |  |  |  |  |
Seaborne Thermal | $ | 297.4 |  |  | $ | 353.2 |  |  | $ | 1,043.4 |  |  | $ | 959.3 |
Seaborne Metallurgical | 247.0 |  |  | 310.7 |  |  | 907.9 |  |  | 1,165.8 |
Powder River Basin | 313.0 |  |  | 290.5 |  |  | 878.0 |  |  | 771.4 |
Other U.S. Thermal | 228.2 |  |  | 261.4 |  |  | 677.5 |  |  | 689.4 |
Corporate and Other | (6.7) |  |  | 126.7 |  |  | 204.9 |  |  | (230.1) |
Total | $ | 1,078.9 |  |  | $ | 1,342.5 |  |  | $ | 3,711.7 |  |  | $ | 3,355.8 |
Adjusted EBITDA: |  |  |  |  |  |  |
Seaborne Thermal | $ | 115.5 |  |  | $ | 171.2 |  |  | $ | 477.0 |  |  | $ | 438.5 |
Seaborne Metallurgical | 78.6 |  |  | 113.2 |  |  | 271.9 |  |  | 593.9 |
Powder River Basin | 54.1 |  |  | 37.9 |  |  | 116.1 |  |  | 43.5 |
Other U.S. Thermal | 49.1 |  |  | 72.7 |  |  | 165.2 |  |  | 184.6 |
Corporate and Other | (27.3) |  |  | 43.9 |  |  | (11.4) |  |  | 83.7 |
Total | $ | 270.0 |  |  | $ | 438.9 |  |  | $ | 1,018.8 |  |  | $ | 1,344.2 |
Reconciliation of Consolidated (Loss) Income from Continuing Operations, Net of Income Taxes to Adjusted EBITDA | A reconciliation of consolidated income from continuing operations, net of income taxes to Adjusted EBITDA follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (Dollars in millions)
Income from continuing operations, net of income taxes | $ | 128.8 |  |  | $ | 384.4 |  |  | $ | 617.0 |  |  | $ | 675.9 |
Depreciation, depletion and amortization | 82.3 |  |  | 80.7 |  |  | 239.2 |  |  | 227.4 |
Asset retirement obligation expenses | 15.4 |  |  | 13.1 |  |  | 46.3 |  |  | 40.8 |
Restructuring charges | 0.9 |  |  | 1.0 |  |  | 3.0 |  |  | 2.8 |
Asset impairment | — |  |  | 1.7 |  |  | 2.0 |  |  | 1.7 |
Provision for NARM and Shoal Creek loss | 3.3 |  |  | — |  |  | 37.0 |  |  | — |
Changes in amortization of basis difference related to equity affiliates | (0.5) |  |  | (0.5) |  |  | (1.2) |  |  | (1.7) |
Interest expense | 13.8 |  |  | 33.8 |  |  | 45.5 |  |  | 110.8 |
Net loss on early debt extinguishment | — |  |  | 8.7 |  |  | 8.8 |  |  | 34.5 |
Interest income | (20.3) |  |  | (4.9) |  |  | (56.5) |  |  | (6.3) |
Unrealized (gains) losses on derivative contracts related to forecasted sales | — |  |  | (90.4) |  |  | (159.0) |  |  | 235.1 |
Unrealized losses (gains) on foreign currency option contracts | 0.5 |  |  | 1.4 |  |  | (0.1) |  |  | 4.4 |
Take-or-pay contract-based intangible recognition | (0.7) |  |  | (0.8) |  |  | (1.9) |  |  | (2.2) |
Income tax provision | 46.5 |  |  | 10.7 |  |  | 238.7 |  |  | 21.0 |
Adjusted EBITDA | $ | 270.0 |  |  | $ | 438.9 |  |  | $ | 1,018.8 |  |  | $ | 1,344.2 |

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- 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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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