XML 24 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 336,553 $ 304,158 $ 492,669
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 322,509 333,713 274,566
Non-cash compensation expense 14,229 12,854 11,560
Settlement of deferred directors compensation (218) (177) (218)
Asset retirement obligations 3,769 3,192 2,730
Coal inventory adjustment to market   1,952 377
Equity in (income) loss of affiliates (3,543) 49,046 16,648
Net gain on sale of property, plant and equipment (76) (1) (4,409)
Asset impairment   100,130  
Acquisition gain, net   (22,548)  
Valuation allowance of deferred tax assets (1,365) 1,557 1,636
Other 3,300 6,388 (5,151)
Changes in operating assets and liabilities:      
Trade receivables (29,157) 64,412 (30,525)
Other receivables 417 422 16
Inventories 58,948 (31,628) (39,103)
Prepaid expenses and other assets 17,023 (3,402) 855
Advance royalties (2,464) (6,915) 4,956
Accounts payable (15,196) (41,506) 8,775
Due to/from affiliates 778 (11,076) (3,065)
Accrued taxes other than income taxes 2,667 (4,322) 375
Accrued payroll and related benefits 4,545 (24,527) 10,551
Pneumoconiosis benefits 447 2,808 3,743
Workers' compensation (6,427) (2,491) (5,349)
Other (6,014) (17,631) (6,807)
Total net adjustments 364,172 410,250 242,161
Net cash provided by operating activities 700,725 714,408 734,830
Property, plant and equipment:      
Capital expenditures (91,056) (212,797) (307,387)
Decrease in accounts payable and accrued liabilities (4,402) (3,021) (2,270)
Proceeds from sale of property, plant and equipment 1,165 2,062 381
Proceeds from insurance settlement for property, plant and equipment     4,512
Contributions to equity investments in affiliates (76,797) (64,540) (111,376)
Payments for acquisitions of businesses, net of cash acquired (1,011) (74,953)  
Payments to affiliate for acquisition and development of coal reserves     (4,082)
Payment for acquisition of customer contracts (23,000)   (11,687)
Advances/loans to affiliate   (7,300)  
Other 3,313 4,634 (9,313)
Net cash used in investing activities (191,788) (355,915) (441,222)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings under securitization facility 44,600 6,500 100,000
Payments under securitization facility (27,700) (23,400)  
Payments on term loan (156,250) (108,502) (18,750)
Borrowings under revolving credit facilities 140,000 543,000 341,800
Payments under revolving credit facilities (270,000) (308,000) (451,800)
Payments on long-term debt   (205,000) (18,000)
Proceeds on capital lease transactions 33,881 100,000  
Payments on capital lease obligations (24,456) (4,312) (1,494)
Payment of debt issuance costs (101)   (263)
Contributions to consolidated company from affiliate noncontrolling interest 3,014 2,147 481
Contribution by limited partner - affiliate 1,000 1,500 1,500
Net settlement of employee withholding taxes on vesting of ARLP Long-Term Incentive Plan (1,336) (2,719) (2,991)
Distributions paid by consolidated partnership to noncontrolling interests (89,311) (117,362) (108,413)
Distributions paid to Partners (156,242) (225,833) (205,779)
Other (189) (6,108)  
Net cash used in financing activities (503,090) (348,089) (363,709)
NET CHANGE IN CASH AND CASH EQUIVALENTS 5,847 10,404 (70,101)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 38,678 28,274 98,375
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 44,525 $ 38,678 $ 28,274