XML 20 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2024
Jun. 30, 2023
Cash Flows From Operating Activities      
Net income $ 209.2 $ 254.2 $ 485.6
Loss from discontinued operations, net of income taxes 1.6 2.3 2.6
Income from continuing operations, net of income taxes 210.8 256.5 488.2
Adjustments to reconcile income from continuing operations, net of income taxes to net cash provided by operating activities:      
Depreciation, depletion and amortization 82.9 162.7 156.9
Noncash interest expense, net   3.2 3.3
Deferred income taxes   18.7 65.0
Noncash share-based compensation   4.1 3.4
Asset impairment 0.0 0.0 2.0
Noncash provision for NARM and Shoal Creek losses   0.0 33.7
Net gain on disposals (7.5) (9.6) (7.1)
Noncash income from port and rail capacity assignment   (0.3) (9.2)
Net loss on early debt extinguishment 0.0 0.0 8.8
Loss (income) from equity affiliates 1.3 5.0 (4.1)
Foreign currency option contracts   3.3 (0.6)
Changes in current assets and liabilities:      
Accounts receivable   (27.3) 149.3
Inventories   (70.4) (20.8)
Other current assets   18.4 43.4
Accounts payable and accrued expenses   (234.0) (23.3)
Collateral arrangements   149.6 (116.9)
Asset retirement obligations   (2.7) 3.6
Workers’ compensation obligations   (1.2) (0.7)
Postretirement benefit obligations   (30.1) (30.4)
Pension obligations   0.0 0.7
Other, net   (6.4) 0.0
Net cash provided by continuing operations   130.0 745.2
Net cash used in discontinued operations   (3.2) (5.5)
Net cash provided by operating activities   126.8 739.7
Cash Flows From Investing Activities      
Additions to property, plant, equipment and mine development   (167.0) (122.3)
Changes in accrued expenses related to capital expenditures   (13.7) (5.4)
Proceeds from Insurance Settlement, Investing Activities   5.6 0.0
Proceeds from disposal of assets, net of receivables   15.5 12.0
Contributions to joint ventures   (373.5) (370.8)
Distributions from joint ventures   360.6 365.8
Other, net   (0.5) 0.7
Net cash used in investing activities   (316.8) (120.0)
Cash Flows From Financing Activities      
Repayments of long-term debt   (4.6) (4.8)
Payment of debt issuance and other deferred financing costs   (11.1) (0.3)
Common stock repurchases   (83.1) (173.0)
Repurchase of employee common stock relinquished for tax withholding   (4.1) (13.7)
Dividends paid   (19.1) (10.8)
Distributions to noncontrolling interests   (18.5) (22.8)
Net cash used in financing activities   (140.5) (225.4)
Net change in cash, cash equivalents and restricted cash   (330.5) 394.3
Cash, cash equivalents and restricted cash at beginning of period (1)   1,650.2 1,417.6
Cash, cash equivalents and restricted cash at end of period (2) 1,319.7 1,319.7 1,811.9
Cash and cash equivalents 621.7 621.7  
Restricted Cash 698.0 698.0  
Shoal Creek insurance recovery $ (109.5) (109.5) 0.0
Asset Acquisition, Consideration Transferred   $ (143.8) $ 0.0