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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 17,754 $ 22,936
Receivables:    
Trade 150,068 134,141
Loan and lease receivables 5,968 6,157
Contractual third-party reclamation receivables 12,564 8,020
Other 19,021 11,598
Total receivables 187,621 159,916
Inventories 143,399 121,858
Other current assets 19,951 16,103
Total current assets 368,725 320,813
Property, plant and equipment:    
Land and mineral rights 596,448 476,447
Plant and equipment 869,901 790,677
Gross property, plant and equipment 1,466,349 1,267,124
Less accumulated depreciation, depletion and amortization 586,968 554,008
Net property, plant and equipment 879,381 713,116
Loan and lease receivables 51,823 49,313
Advanced coal royalties 16,367 19,781
Reclamation deposits 77,807 77,364
Restricted investments 143,345 140,807
Contractual third-party reclamation receivables, less current portion 154,816 86,915
Investment in joint venture 29,014 27,374
Intangible assets, net of accumulated amortization of $2.9 million and $15.9 million at March 31, 2016 and December 31, 2015, respectively 28,574 29,190
Other assets 20,837 11,904
Total Assets 1,770,689 1,476,577
Current liabilities:    
Current installments of long-term debt 77,375 38,852
Revolving lines of credit 0 1,970
Accounts payable and accrued expenses:    
Trade and other accrued liabilities 136,844 109,850
Interest payable 11,749 15,527
Production taxes 54,215 46,895
Postretirement medical benefits 13,855 13,855
SERP 368 368
Deferred revenue 20,303 10,715
Asset retirement obligations 49,445 43,950
Other current liabilities 36,782 30,688
Total current liabilities 400,936 312,670
Long-term debt, less current installments 1,051,674 979,073
Workers' compensation, less current portion 5,034 5,068
Excess of black lung benefit obligation over trust assets 17,423 17,220
Postretirement medical benefits, less current portion 288,437 285,518
Pension and SERP obligations, less current portion 44,221 44,808
Deferred revenue, less current portion 21,986 24,613
Asset retirement obligations, less current portion 450,422 375,813
Intangible liabilities, net of accumulated amortization of $10.0 million and $9.8 million at March 31, 2016 and December 31, 2015, respectively 3,203 3,470
Other liabilities 37,434 30,208
Total liabilities 2,320,770 2,078,461
Shareholders' deficit:    
Common stock of $0.01 par value; authorized 30,000,000 shares; issued and outstanding 18,402,961 shares at March 31, 2016 and 18,162,148 shares at December 31, 2015 184 182
Other paid-in capital 243,297 240,721
Accumulated other comprehensive loss (151,897) (171,300)
Accumulated deficit (641,635) (672,219)
Total Westmoreland Coal Company shareholders’ deficit (550,051) (602,616)
Noncontrolling interest (30) 732
Total deficit (550,081) (601,884)
Total Liabilities and Shareholders' Deficit $ 1,770,689 $ 1,476,577