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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 29,336 $ 14,258
Receivables:    
Trade 146,522 143,052
Loan and lease receivables 6,304 10,493
Contractual third-party reclamation receivables 19,310 12,462
Other 15,081 19,923
Total receivables 187,217 185,930
Inventories 124,438 133,855
Deferred income taxes 14,451 13,083
Other current assets 15,795 13,645
Total current assets 371,237 360,771
Property, plant and equipment:    
Land and mineral rights 494,950 500,226
Plant and equipment 1,012,900 956,112
Gross property, plant and equipment 1,507,850 1,456,338
Less accumulated depreciation, depletion and amortization 625,940 528,676
Net property, plant and equipment 881,910 927,662
Loan and lease receivables 51,099 73,180
Advanced coal royalties 17,958 17,508
Reclamation deposits 77,425 77,907
Restricted investments and bond collateral 137,672 164,389
Contractual third-party reclamation receivables, less current portion 96,086 104,021
Investment in joint venture 28,664 33,409
Intangible assets, net of accumulated amortization of $16.9 million and $15.3 million at September 30, 2015 and December 31, 2014, respectively 29,720 31,315
Other assets 36,451 39,416
Total Assets 1,728,222 1,829,578
Current liabilities:    
Current installments of long-term debt 38,879 43,136
Revolving lines of credit 0 9,576
Accounts payable and accrued expenses:    
Trade and other accrued liabilities 129,084 149,514
Interest payable 7,869 2,699
Production taxes 53,437 45,747
Workers' compensation 656 671
Postretirement medical benefits 13,263 13,263
SERP 368 368
Deferred revenue 13,170 13,175
Asset retirement obligations 47,462 43,289
Other current liabilities 25,895 52,459
Total current liabilities 330,083 373,897
Long-term debt, less current installments 1,014,075 932,075
Workers' compensation, less current portion 6,081 6,315
Excess of black lung benefit obligation over trust assets 11,919 11,252
Postretirement medical benefits, less current portion 293,268 293,156
Pension and SERP obligations, less current portion 44,256 49,779
Deferred revenue, less current portion 27,425 35,255
Asset retirement obligations, less current portion 402,145 409,456
Intangible liabilities, net of accumulated amortization of $14.3 million and $13.5 million at September 30, 2015 and December 31, 2014, respectively 3,737 4,538
Deferred income taxes 47,435 34,852
Other liabilities 37,014 28,448
Total liabilities 2,217,438 2,179,023
Shareholders' deficit:    
Preferred stock of $1.00 par value Authorized 5,000,000 shares; issued and outstanding nil shares at September 30, 2015 and 91,669 at December 31, 2014 0 92
Common stock of $0.01 par value as of September 30, 2015 and $2.50 par value as of December 31, 2014, Authorized 30,000,000 shares; Issued and outstanding 18,021,061 shares at September 30, 2015 and 17,102,777 shares at December 31, 2014 180 42,756
Other paid-in capital 238,705 185,644
Accumulated other comprehensive loss (165,811) (124,296)
Accumulated deficit (563,804) (468,902)
Total Westmoreland Coal Company shareholders’ deficit (490,730) (364,706)
Noncontrolling interest 1,514 15,261
Total deficit (489,216) (349,445)
Total Liabilities and Shareholders' Deficit $ 1,728,222 $ 1,829,578