ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2015

The following unaudited pro forma information has been prepared for illustrative purposes only and assumes the acquisitions occurred on January 1, 2013, in the case of the Canadian Acquisition and the WMLP Transactions, and on January 1, 2014, in the case of the Buckingham Acquisition. The unaudited pro forma results have been prepared based on estimates and assumptions, which the Company believes are reasonable, however, they are not necessarily indicative of the consolidated results of operations had the acquisitions occurred on the dates indicated above, or of future results of operations.



(In thousands, except per share data)	Three Months Ended September 30,			Nine Months Ended September 30,
	2014			2014
Total Revenues
As reported	$	337,830		$	805,989
Pro forma (unaudited)	$	465,094		$	1,366,820

Operating Income
As reported	$	(29,432	)	$	(51,021	)
Pro forma (unaudited)	$	(7,339	)	$	(14,678	)

Net loss applicable to common shareholders
As reported	$	(49,329	)	$	(131,982	)
Pro forma (unaudited)	$	(31,034	)	$	(95,373	)

Net loss per share applicable to common shareholders
As reported	$	(2.95	)	$	(8.49	)
Pro forma (unaudited)	$	(1.86	)	$	(6.13	)

Buckingham Coal Company, LLC

Business Acquisition [Line Items]

Summary of purchase consideration and allocation of purchase consideration

A summary of the purchase consideration and a preliminary allocation of the purchase consideration follows (in millions):



	Provisional as of September 30, 2015
Purchase Price:
Cash paid - Initial payment	$	34.0
Cash received - Working capital adjustment	(1.6		)
Net cash consideration	$	32.4

Preliminary allocation of purchase price:
Assets:
Cash and cash equivalents	$	2.8
Inventories - materials and supplies	2.5
Other current assets	0.1
Total current assets	5.4
Land and mineral rights	13.2
Plant and equipment	24.6
Total Assets	43.2
Liabilities:
Trade payables and other accrued liabilities	(5.2		)
Asset retirement obligations	(1.0		)
Total current liabilities	(6.2		)
Asset retirement obligations, less current portion	(2.8		)
Other liabilities	(1.8		)
Total Liabilities	(10.8		)
Net fair value	$	32.4

Westmoreland Resources GP, LLC

Business Acquisition [Line Items]

Summary of purchase consideration and allocation of purchase consideration

A summary of the purchase consideration and a preliminary allocation of the purchase consideration follows (in millions):



	Provisional as of September 30, 2015
Purchase Price:
Cash paid at closing	$	30.0
Contingent consideration	3.5
Fair value of outstanding WMLP units ⁽¹⁾	10.8
Total purchase consideration	$	44.3

Preliminary allocation of purchase price:
Assets:
Trade receivables and other	$	22.5
Inventories - materials and supplies	7.4
Inventories - coal	6.6
Other current assets	1.3
Total current assets	37.8
Land and mineral rights	39.5
Plant and equipment	134.0
Advanced coal royalties	9.2
Restricted investments and bond collateral	10.6
Intangible assets	31.0
Other assets	0.2
Total Assets	262.3
Liabilities:
Trade payables and other accrued liabilities	(19.1		)
Asset retirement obligations	(7.8		)
Other current liabilities	(4.0		)
Total current liabilities	(30.9		)
Long-term debt, less current installments	(160.1		)
Asset retirement obligations, less current portion	(23.9		)
Warrants	(2.0		)
Other liabilities	(1.1		)
Total Liabilities	(218.0		)
Net Assets	44.3
Non-controlling Interest	(10.8		)
Invested Equity	$	33.5

(1) Represents the market price of WMLP units outstanding using the December 31, 2014 closing price.

No go

Canadian Subsidiaries

Business Acquisition [Line Items]

Summary of purchase consideration and allocation of purchase consideration

A summary of the purchase consideration and allocation of the purchase consideration follows (in millions):



	Final as of December 31, 2014
Purchase Price:
Cash paid - Initial payment	$	282.8
Cash paid - Working capital adjustment	39.8
Total cash consideration	$	322.6

Allocation of purchase price:
Assets:
Cash and cash equivalents	$	26.2
Receivables	78.1
Inventories - materials and supplies	52.0
Inventories - coal	79.8
Loan and lease receivables	11.2
Deferred tax assets	8.2
Other current assets	3.4
Total current assets	258.9
Land and mineral rights	202.6
Plant and equipment	114.8
Loan and lease receivables	79.1
Contractual third-party reclamation receivables, less current portion	6.8
Investment in joint venture	36.0
Intangible assets	37.0
Other assets	8.7
Total Assets	743.9
Liabilities:
Current installments of long-term debt	(36.3		)
Trade payables and other accrued liabilities	(136.1		)
Asset retirement obligations	(7.8		)
Total current liabilities	(180.2		)
Long-term debt, less current installments	(86.3		)
Asset retirement obligations, less current portion	(122.9		)
Deferred tax liabilities	(31.9		)
Total Liabilities	(421.3		)
Net fair value	$	322.6