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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
12 Months Ended
Dec. 31, 2013
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)  
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

22.                               SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

 

A summary of our consolidated quarterly operating results in 2013 and 2012 is as follows (in thousands, except unit and per unit data):

 

 

 

Quarter Ended

 

 

 

March 31,
2013

 

June 30,
2013

 

September 30,
2013

 

December 31,
2013 (1)

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

  $

547,970

 

  $

553,478

 

  $

537,136

 

  $

566,615

 

Income from operations

 

111,764

 

115,067

 

97,565

 

117,226

 

Net income

 

102,384

 

103,573

 

86,750

 

98,887

 

Net income of AHGP

 

60,002

 

60,977

 

54,211

 

58,683

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net income per limited partner unit

 

  $

1.00

 

  $

1.02

 

  $

0.91

 

  $

0.98

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of units outstanding – basic and diluted

 

59,863,000

 

59,863,000

 

59,863,000

 

59,863,000

 

 

 

 

Quarter Ended

 

 

 

March 31,
2012

 

June 30,
2012

 

September 30,
2012 (2)

 

December 31,
2012 (1)

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

  $

443,492

 

  $

529,772

 

  $

511,348

 

  $

549,318

 

Income from operations

 

91,501

 

103,886

 

68,561

 

106,184

 

Net income

 

82,486

 

93,881

 

58,733

 

96,126

 

Net income of AHGP

 

49,314

 

54,364

 

39,495

 

52,895

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net income per limited partner unit

 

  $

0.82

 

  $

0.91

 

  $

0.66

 

  $

0.88

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of units outstanding – basic and diluted

 

59,863,000

 

59,863,000

 

59,863,000

 

59,863,000

 

 

(1)           The comparability of our December 31, 2013 and 2012 quarterly results to other quarters presented were affected by a $12.9 million and $14.0 million, respectively, decrease in the ARLP Partnership’s workers’ compensation liability, excluding discount rate changes, due to the completion of its annual actuarial study, which reflected a favorable development in the ARLP Partnership’s disability emergence patterns and claims estimates (Note 17).

 

(2)           During the quarter ended September 30, 2012, the ARLP Partnership recorded a $19.0 million impairment of the carrying value of assets at the Pontiki mine (Note 4).