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Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Operating segment results

Segment results for the year ended December 31, 2024 were as follows:

			Seaborne Thermal						Seaborne Metallurgical						Powder River Basin						Other U.S. Thermal						Corporate and Other						Consolidated
			(Dollars in millions)
Revenue			$	1,213.9					$	1,055.6					$	1,098.8					$	822.6					$	45.8					$	4,236.7
Less Significant Segment Expenses:
Labor costs			157.2						212.7						206.8						218.6
Repair costs			152.8						190.8						131.7						141.0
Outside services			128.7						258.9						123.2						146.8
Commodities expense			88.6						59.6						158.5						77.0
Sales related costs			224.3						231.6						297.5						53.0
Other expenses (1)			32.3						(140.5)						42.5						35.4
Adjusted EBITDA			430.0						242.5						138.6						150.8						(90.2)						871.7
Additions to property, plant, equipment and mine development			73.2						266.6						35.0						18.6						7.9						401.3
Income from equity affiliates			—						—						—						—						(11.5)						(11.5)

Segment results for the year ended December 31, 2023 were as follows:

			Seaborne Thermal						Seaborne Metallurgical						Powder River Basin						Other U.S. Thermal						Corporate and Other						Consolidated
			(Dollars in millions)
Revenue			$	1,329.7					$	1,301.9					$	1,198.1					$	888.2					$	228.8					$	4,946.7
Less Significant Segment Expenses:
Labor costs			148.8						187.2						201.1						218.8
Repair costs			154.4						151.3						154.9						153.4
Outside services			122.7						205.1						138.0						176.2
Commodities expense			97.0						61.5						180.2						102.7
Sales related costs			207.4						259.0						341.9						58.7
Other expenses (1)			22.6						(0.3)						28.3						(29.1)
Adjusted EBITDA			576.8						438.1						153.7						207.5						(12.2)						1,363.9
Additions to property, plant, equipment and mine development			62.0						186.4						40.9						47.6						11.4						348.3
Income from equity affiliates			—						—						—						—						(6.9)						(6.9)

Segment results for the year ended December 31, 2022 were as follows:

			Seaborne Thermal						Seaborne Metallurgical						Powder River Basin						Other U.S. Thermal						Corporate and Other						Consolidated
			(Dollars in millions)
Revenue			$	1,345.6					$	1,616.9					$	1,065.5					$	952.2					$	1.7					$	4,981.9
Less Significant Segment Expenses:
Labor costs			143.2						183.8						192.1						200.7
Repair costs			109.3						134.1						148.0						149.0
Outside services			116.5						167.3						147.6						170.8
Commodities expense			97.7						72.2						214.1						137.1
Sales related costs			206.0						286.0						286.0						55.2
Other expenses (1)			25.3						(8.2)						9.5						(3.0)
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)

(1)    Other expenses for the mining operations primarily include lease expense; non-sales related taxes; insurance expense; joint facility charges; and credits related to the capitalization of costs to the balance sheet. For the year ended December 31, 2024, the Seaborne Metallurgical segment includes $80.8 million related to the portion of the Shoal Creek insurance recovery that was applicable to incremental costs and business interruption recoveries.

Reconciliation of Assets from Segment to Consolidated

The following table presents total assets at the division level:

			December 31,
			2024						2023						2022
			(Dollars in millions)
Seaborne			$	2,465.3					$	2,088.2					$	1,632.6
U.S. Thermal			1,346.9						1,373.2						1,359.4
Corporate and Other			2,141.5						2,500.7						2,618.8
Total Assets			$	5,953.7					$	5,962.1					$	5,610.8

Reconciliation of Adjusted EBITDA to consolidated loss from continuing operations

A reconciliation of consolidated income from continuing operations before income taxes to Adjusted EBITDA follows:

			Year Ended December 31,
			2024						2023						2022
			(Dollars in millions)
Income from continuing operations before income taxes			$	516.1					$	1,124.8					$	1,278.6
Depreciation, depletion and amortization			343.0						321.4						317.6
Asset retirement obligation expenses			48.9						50.5						49.4
Restructuring charges			4.4						3.3						2.9
Transaction costs related to business combinations			10.3						—						—
Asset impairment			—						2.0						11.2
Provision for NARM and Shoal Creek losses			3.7						40.9						—
Shoal Creek insurance recovery - property damage			(28.7)						—						—
Changes in amortization of basis difference related to equity affiliates			(1.8)						(1.6)						(2.3)
Interest expense, net of capitalized interest			46.9						59.8						140.3
Net loss on early debt extinguishment			—						8.8						57.9
Interest income			(71.0)						(76.8)						(18.4)
Net mark-to-market adjustment on actuarially determined liabilities			(6.1)						(0.3)						(27.8)
Unrealized (gains) losses on derivative contracts related to forecasted sales			—						(159.0)						35.8
Unrealized losses (gains) on foreign currency option contracts			9.0						(7.4)						2.3
Take-or-pay contract-based intangible recognition			(3.0)						(2.5)						(2.8)
Total Adjusted EBITDA			$	871.7					$	1,363.9					$	1,844.7

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,
			2024						2023						2022
U.S.			45.0		%				42.4		%				36.6		%
Japan			18.8		%				14.7		%				19.4		%
China			11.3		%				10.9		%				—		%
Australia			8.8		%				8.9		%				8.5		%
Taiwan			3.3		%				6.6		%				9.3		%
Indonesia			2.4		%				2.0		%				1.5		%
Brazil			2.0		%				3.6		%				2.8		%
Malaysia			1.5		%				0.9		%				0.8		%
Belgium			1.3		%				0.6		%				1.3		%
India			1.2		%				1.2		%				2.9		%
France			1.1		%				1.6		%				1.1		%
Vietnam			0.9		%				2.4		%				2.8		%
South Korea			0.6		%				—		%				2.1		%
Germany			0.2		%				1.0		%				0.7		%
Chile			—		%				—		%				1.1		%
Other			1.6		%				3.2		%				9.1		%
Total			100.0		%				100.0		%				100.0		%

Long-Lived Assets by Geographic Areas

The following table presents the geographic location of the Company’s long-lived assets:

			December 31,
			2024						2023						2022
			(Dollars in millions)
U.S.			$	1,432.1					$	1,523.1					$	1,592.2
Australia			1,649.4						1,321.0						1,272.8
Property, plant, equipment and mine development, net			$	3,081.5					$	2,844.1					$	2,865.0
U.S.			$	85.6					$	28.7					$	6.4
Australia			33.7						33.1						20.5
Other			—						0.1						—
Operating lease right-of-use assets			$	119.3					$	61.9					$	26.9

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