Segment Information

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company’s reportable business segments are based on the major coal producing basins in which the Company operates and may include a number of mine complexes. The Company manages its coal sales by coal basin, not by individual mining complex. Geology, coal transportation routes to customers, regulatory environments and coal quality or type are characteristic to a basin, and, accordingly, market and contract pricing have developed by coal basin. Mining operations are evaluated based on adjusted EBITDAR, as well as on other non-financial measures, such as safety and environmental performance. The Company’s reportable segments are the Powder River Basin (PRB) segment, with operations in Wyoming; and the Appalachia (APP) segment, with operations primarily in West Virginia.  The “Other” category combines other operating segments and includes the Company’s coal mining operations in Colorado and Illinois.

Operating segment results for the three and nine months endedSeptember 30,2016 and 2015 are presented below. The Company uses Adjusted EBITDAR to assess the operating segments’ performance and to allocate resources. Corporate, Other and Eliminations includes the change in fair value of coal derivatives and coal trading activities, net; corporate overhead; land management; other support functions; and the elimination of intercompany transactions. 

	PRB			APP			Other Operating Segments		Corporate, Other and Eliminations			Consolidated
	(in thousands)
Three Months Ended September 30, 2016
Revenues	$	295,891		$	190,704		$	63,710	$	—		$	550,305
Adjusted EBITDAR	73,299			11,616			20,963		(24,510		)	81,368
Depreciation, depletion and amortization	37,246			20,749			10,635		793			69,423
Amortization of acquired sales contracts, net	104			—			—		—			104
Capital expenditures	113			7,043			1,000		140			8,296
Three Months Ended September 30, 2015
Revenues	$	390,360		$	205,573		$	92,611	$	—		$	688,544
Adjusted EBITDAR	86,204			41,754			12,927		(6,080		)	134,805
Depreciation, depletion and amortization	47,321			44,098			11,193		1,353			103,965
Amortization of acquired sales contracts, net	(1,124		)	(870		)	—		—			(1,994		)
Capital expenditures	869			3,990			2,889		2,141			9,889
Nine Months Ended September 30, 2016
Revenues	$	726,747		$	535,262		$	136,700	$	—		$	1,398,709
Adjusted EBITDAR	96,242			13,261			18,230		(64,751		)	62,982
Depreciation, depletion and amortization	100,151			62,500			26,678		2,252			191,581
Amortization of acquired sales contracts, net	134			(862		)	—		—			(728		)
Capital expenditures	612			17,413			3,910		60,499			82,434
Nine Months Ended September 30, 2015
Revenues	$	1,124,046		$	653,310		$	232,655	$	—		$	2,010,011
Adjusted EBITDAR	214,920			92,988			22,074		(68,077		)	261,905
Depreciation, depletion and amortization	134,393			135,028			32,082		4,708			306,211
Amortization of acquired sales contracts, net	(3,170		)	(3,858		)	—		—			(7,028		)
Capital expenditures	22,263			15,323			7,199		64,465			109,250

A reconciliation of adjusted EBITDAR to consolidated loss before income taxes follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
	(In thousands)
Adjusted EBITDAR	$	81,368		$	134,805		$	62,982		$	261,905
Depreciation, depletion and amortization	(69,423		)	(103,965		)	(191,581		)	(306,211		)
Amortization of acquired sales contracts, net	(104		)	1,994			728			7,028
Asset impairment and mine closure costs	(46		)	(2,120,292		)	(129,267		)	(2,139,438		)
Losses from disposed operations resulting from Patriot Coal bankruptcy	—			(149,314		)	—			(149,314		)
Interest expense, net	(45,582		)	(99,087		)	(133,235		)	(294,578		)
Expenses related to proposed debt restructuring	—			(7,482		)	(2,213		)	(11,498		)
Reorganization items, net	(20,904		)	—			(46,050		)	—
Loss before income taxes	$	(54,691	)	$	(2,343,341	)	$	(438,636	)	$	(2,632,106	)