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PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2021

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

7.PROPERTY, PLANT AND EQUIPMENT

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Property, plant and equipment consist of the following:

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​	​	​	​	​	​	​	​
​		December 31,
​	​	2021			2020		​
​	​	(in thousands)					​
​	​	​	​	​	​	​	​
Mining equipment and processing facilities	​	$	1,896,470	​	$	1,896,324	​
Land and coal mineral rights	​		458,440	​		454,310	​
Oil & gas mineral interests	​	​	647,864	​	​	616,904	​
Buildings, office equipment, improvements and other miscellaneous equipment	​		282,902	​		279,938	​
Construction, mine development and other projects in progress	​		44,217	​		25,799	​
Mine development costs	​		278,454	​		280,815	​
Property, plant and equipment, at cost	​		3,608,347	​		3,554,090	​
Less accumulated depreciation, depletion and amortization	​		(1,909,669)	​		(1,753,845)	​
Total property, plant and equipment, net	​	$	1,698,678	​	$	1,800,245	​

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Depreciation, depletion and amortization expense related to property, plant and equipment was $256.9 million, $297.0 million and $312.4 million for the years ended December 31, 2021, 2020 and 2019, respectively.

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At December 31, 2021 and 2020, land and coal mineral rights above include $37.4 million and $37.5 million, respectively, of carrying value associated with coal mineral reserves and resources attributable to properties where we or a third party to which we lease coal mineral reserves and resources are not currently engaged in mining operations or leasing to third parties, and therefore, the coal mineral reserves are not currently being depleted.  We believe that the carrying value of these coal mineral reserves will be recovered.  

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At December 31, 2021 and 2020, our oil & gas mineral interests noted in the table above includes the carrying value of our unproved oil & gas mineral interests totaling $355.1 million and $340.5 million, respectively.  As discussed in Note 2 – Summary of Significant Accounting Policies, we generally do not record depletion expense for our unproved oil & gas mineral interests; however, we do review for impairment as needed throughout the year.

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During 2021, we did not incur material mine development costs. During 2020, we incurred $13.1 million in mine development costs, primarily related to the development of our Excel Mine No. 5 at our MC Mining complex.  All past capitalized mine development costs are associated with other mines that shifted to the production phase in past years and we are amortizing these costs accordingly.  We believe that the carrying value of the past development costs will be recovered.

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See Note 2 – Summary of Significant Accounting Policies for more information on our accounting policy for property, plant and equipment.

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916

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