XML 104 R8.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows From Operating Activities      
Net (loss) income $ (42.5) $ 403.5 $ 815.6
Loss from discontinued operations, net of income taxes 0.2 3.8 0.4
(Loss) income from continuing operations, net of income taxes (42.3) 407.3 816.0
Adjustments to reconcile (loss) income from continuing operations, net of income taxes to net cash provided by operating activities:      
Depreciation, depletion and amortization 384.5 343.0 321.4
Noncash interest expense, net 5.6 5.4 4.6
Deferred income taxes (16.7) 12.2 82.9
Noncash share-based compensation 13.8 7.3 6.9
Noncash provision for NARM and Shoal Creek losses 0.0 0.0 33.7
Asset impairment 0.0 0.0 2.0
Net gain on disposals (27.7) (9.8) (15.0)
Noncash income from port and rail capacity assignment 0.0 (0.3) (9.6)
Net loss on early debt extinguishment 0.0 0.0 8.8
Loss (income) from equity affiliates 14.4 (11.5) (6.9)
Insurance Recoveries and Proceeds from Equipment Losses 0.0 10.9 0.0
Unrealized (gains) losses on foreign currency option contracts (6.0) 9.0 (7.4)
Changes in current assets and liabilities:      
Accounts receivable 48.8 21.9 88.4
Inventories 10.2 (41.6) (59.7)
Other current assets 23.1 (5.3) 0.9
Accounts payable and accrued expenses 10.3 (184.9) 120.2
Collateral arrangements (7.3) 149.1 (199.6)
Asset retirement obligations (15.2) (4.5) (10.3)
Postretirement benefit obligations (52.0) (74.5) (61.9)
Pension obligations (4.9) 3.6 (1.3)
Other, net (2.6) (2.7) 2.2
Net cash provided by continuing operations 336.0 612.8 1,116.3
Net cash used in discontinued operations (2.3) (6.3) (80.8)
Net cash provided by operating activities 333.7 606.5 1,035.5
Cash Flows From Investing Activities      
Additions to property, plant, equipment and mine development (411.4) (401.3) (348.3)
Changes in accrued expenses related to capital expenditures (10.0) (1.2) 2.9
Wards Well acquisition 0.0 143.8 0.0
Deposit associated with terminated acquisition 0.0 75.0 0.0
Returned deposit related to terminated acquisition 29.0 0.0 0.0
Insurance proceeds attributable to Shoal Creek equipment losses 0.0 10.9 0.0
Proceeds from disposal of assets, net of receivables 32.5 17.1 22.8
Contributions to joint ventures (601.9) (728.0) (741.6)
Distributions from joint ventures 617.8 717.2 721.7
Other, net (2.6) 6.0 (0.1)
Net cash used in investing activities (346.6) (598.1) (342.6)
Cash Flows From Financing Activities      
Proceeds from loan note related to terminated acquisition 0.0 9.3 0.0
Repayment of loan note related to terminated acquisition (9.3) 0.0 0.0
Repayments of long-term debt (12.2) (10.4) (9.0)
Payment of debt issuance and other deferred financing costs (1.8) (12.0) (0.3)
Common stock repurchases 0.0 (183.1) (347.7)
Share Repurchase Program, Excise Tax (1.7) (3.3) 0.0
Repurchase of employee common stock relinquished for tax withholding (0.8) (4.1) (13.7)
Dividends paid (36.5) (37.6) (30.6)
Distributions to noncontrolling interests (22.9) (34.8) (59.0)
Net cash used in financing activities (85.2) (276.0) (460.3)
Net change in cash, cash equivalents and restricted cash (98.1) (267.6) 232.6
Cash, cash equivalents and restricted cash at beginning of period (1) 1,382.6 1,650.2 1,417.6
Cash, cash equivalents and restricted cash at end of period (2) 1,284.5 1,382.6 $ 1,650.2
Cash and cash equivalents 575.3 700.4  
Restricted cash included in “Restricted cash and collateral” $ 709.2 $ 682.2