Supplemental Guarantor/Non-Guarantor Financial Information (Tables)

3 Months Ended

Mar. 31, 2015

Supplemental Guarantor/Non-Guarantor Financial Information

Schedule of Condensed Consolidating Statements of Operations and Comprehensive Income

Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income
		(in thousands)
			Three Months Ended March 31, 2015
			Parent Guarantor (CPE Inc.)		Issuing Company (CPE Resources)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Revenue			$	2,120	$	―	$	317,553	$	―	$	(2,120)		317,553
Costs and expenses
	Cost of product sold (exclusive of
		depreciation, depletion, amortization,
		and accretion, shown separately)		―		8		264,309		―		―		264,317
	Depreciation and depletion			―		647		23,889		―		―		24,536
	Amortization			―		―		928		―		―		928
	Accretion			―		―		3,541		―		―		3,541
	Derivative financial instruments			―		―		4,785		―		―		4,785
	Selling, general and administrative expenses			2,120		288		10,961		―		(2,120)		11,249
	Other operating costs			―		―		213		―		―		213
Total costs and expenses				2,120		943		308,626		―		(2,120)		309,569
Operating income (loss)				―		(943)		8,927		―		―		7,984
Other income (expense)
	Interest income			―		49		―		―		―		49
	Interest expense			―		(11,102)		(1,481)		(85)		―		(12,668)
	Other, net			―		(87)		(337)		87		―		(337)
Total other income (expense)				―		(11,140)		(1,818)		2		―		(12,956)
Income (loss) before income tax provision and
	earnings from unconsolidated affiliates			―		(12,083)		7,109		2		―		(4,972)
	Income tax benefit (expense)			―		679		(399)		―		―		280
	Earnings from unconsolidated affiliates, net
		of tax		―		(1)		13		―		―		12
	Earnings (losses) from consolidated
		affiliates, net of tax		(4,680)		6,725		2		―		(2,047)		―
Net income (loss)				(4,680)		(4,680)		6,725		2		(2,047)		(4,680)
Other comprehensive income (loss)
	Postretirement medical plan amortization
		of prior service cost		313		313		313		―		(626)		313
	Income tax on postretirement medical plan
		adjustments		(116)		(116)		(116)		―		232		(116)
Other comprehensive income (loss)				197		197		197		―		(394)		197
Total comprehensive income (loss)			$	(4,483)	$	(4,483)	$	6,922	$	2	$	(2,441)	$	(4,483)

Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income
		(in thousands)
			Three Months Ended March 31, 2014
			Parent Guarantor (CPE Inc.)		Issuing Company (CPE Resources)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Revenue			$	1,900	$	―	$	315,101	$	3,965	$	(1,900)		319,066
Costs and expenses
	Cost of product sold (exclusive of
		depreciation, depletion, amortization,
		and accretion, shown separately)		―		169		266,596		5,174		―		271,939
	Depreciation and depletion			―		757		26,389		(218)		―		26,928
	Accretion			―		―		3,114		1,016		―		4,130
	Derivative financial instruments			―		―		(12,734)		―		―		(12,734)
	Selling, general and administrative expenses			1,900		198		12,243		―		(1,900)		12,441
	Other operating costs			―		45		193		―		―		238
Total costs and expenses				1,900		1,169		295,801		5,972		(1,900)		302,942
Operating income (loss)				―		(1,169)		19,300		(2,007)		―		16,124
Other income (expense)
	Interest income			―		124		―		―		―		124
	Interest expense			―		(35,116)		(2,779)		(99)		―		(37,994)
	Other, net			―		(664)		113		87		―		(465)
Total other income (expense)				―		(35,656)		(2,666)		(12)		―		(38,335)
Income (loss) before income tax provision and
	earnings from unconsolidated affiliates			―		(36,825)		16,634		(2,019)		―		(22,211)
	Income tax benefit (expense)			―		9,129		(3,291)		652		―		6,490
	Earnings from unconsolidated affiliates, net
		of tax		―		(16)		110		―		―		95
	Earnings (losses) from consolidated
		affiliates, net of tax		(15,626)		12,086		(1,367)		―		4,907		―
Net income (loss)				(15,626)		(15,626)		12,086		(1,367)		4,907		(15,626)
Other comprehensive income (loss)
	Postretirement medical plan amortization
		of prior service cost		247		247		247		―		(494)		247
	Income tax on postretirement medical plan
		and pension adjustments		(89)		(89)		(89)		―		178		(89)
Other comprehensive income (loss)				158		158		158		―		(316)		158
Total comprehensive income (loss)			$	(15,468)	$	(15,468)	$	12,244	$	(1,367)	$	4,591	$	(15,468)

Schedule of Condensed Consolidating Balance Sheet

Supplemental Condensed Consolidating Balance Sheet
(in thousands)
			March 31, 2015
			Parent Guarantor (CPE Inc.)		Issuing Company (CPE Resources)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
ASSETS
Current assets
	Cash and cash equivalents		$	—	$	184,631	$	1,601	$	—	$	—	$	186,232
	Accounts receivable			—		—		16,740		53,452		—		70,192
	Due from related parties			—		—		615,939		—		(614,419)		1,520
	Inventories, net			—		6,570		71,405		—		—		77,975
	Deferred income taxes			—		—		21,715		—		(45)		21,670
	Derivative financial instruments			—		—		14,875		—		—		14,875
	Other assets			4,112		64		20,002		—		—		24,178
		Total current assets		4,112		191,265		762,277		53,452		(614,464)		396,642
Noncurrent assets
Property, plant and equipment, net				—		5,836		1,551,495		—		—		1,557,331
Port access contract rights, net				—		—		52,852		—		—		52,852
Goodwill				—		—		35,634		—		—		35,634
Deferred income taxes				—		34,606		19,534		—		(415)		53,725
Other assets				1,103,618		1,925,595		34,266		—		(3,016,022)		47,457
		Total assets	$	1,107,730	$	2,157,302	$	2,456,058	$	53,452	$	(3,630,901)	$	2,143,641
LIABILITIES AND MEMBER'S EQUITY
Current liabilities
	Accounts payable		$	33	$	2,825	$	44,457	$	26	$	—	$	47,341
	Royalties and production taxes			—		—		132,252		—		—		132,252
	Accrued expenses			938		7,969		38,980		—		—		47,888
	Due to related parties			22,916		544,351		—		47,152		(614,419)		—
	Current portion of federal coal lease
		obligations		—		—		63,970		—		—		63,970
	Other liabilities			—		45		1,632		—		(45)		1,632
		Total current liabilities		23,887		555,190		281,291		47,178		(614,464)		293,083
Noncurrent liabilities
Senior notes				—		498,541		—		—		—		498,541
Asset retirement obligations, net of
	current portion			—		—		205,898		—		—		205,898
Deferred income taxes				415		—		—		—		(415)		—
Accumulated postretirement medical benefit
	obligation, net of current portion			—		—		51,992		—		—		51,992
Other liabilities				—		—		10,699		—		—		10,699
	Total liabilities			24,302		1,053,731		549,880		47,178		(614,879)		1,060,213
Commitments and Contingencies (Note 12)				—		—		—		—		—
Total equity				1,083,428		1,103,571		1,906,178		6,274		(3,016,022)		1,083,428
	Total liabilities and equity		$	1,107,730	$	2,157,302	$	2,456,058	$	53,452	$	(3,630,901)	$	2,143,641

Supplemental Condensed Consolidating Balance Sheet
(in thousands)
			December 31, 2014
			Parent Guarantor (CPE Inc.)		Issuing Company (CPE Resources)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
ASSETS
Current assets
	Cash and cash equivalents		$	—	$	167,532	$	1,213	$	—	$	—	$	168,745
	Accounts receivable			—		—		14,161		72,676		—		86,838
	Due from related parties			—		—		601,540		—		(601,313)		227
	Inventories, net			—		6,700		73,103		—		—		79,802
	Deferred income taxes			—		—		21,716		—		(46)		21,670
	Derivative financial instruments			—		—		17,111		—		—		17,111
	Other assets			292		6		9,541		—		—		9,840
		Total current assets		292		174,238		738,385		72,676		(601,359)		384,233
Noncurrent assets
	Property, plant and equipment, net			—		6,167		1,582,971		—		—		1,589,138
	Port access contract rights, net			—		—		53,780		—		—		53,780
	Goodwill			—		—		35,634		—		—		35,634
	Deferred income taxes			—		33,926		22,542		—		—		56,468
	Other assets			1,108,101		1,919,464		26,543		—		(3,013,443)		40,665
		Total assets	$	1,108,393	$	2,133,795	$	2,459,855	$	72,676	$	(3,614,802)	$	2,159,918
LIABILITIES AND MEMBER'S EQUITY
Current liabilities
	Accounts payable		$	—	$	1,287	$	50,679	$	68	$	—	$	52,035
	Royalties and production taxes			—		—		126,212		—		—		126,212
	Accrued expenses			6,194		5,318		40,701		—		—		52,213
	Due to related parties			14,365		520,611		—		66,337		(601,313)		—
	Current portion of federal coal lease
		obligations		—		—		63,970		—		—		63,970
	Other liabilities			—		46		1,632		—		(46)		1,632
		Total current liabilities		20,559		527,262		283,194		66,405		(601,359)		296,062
Noncurrent liabilities
	Senior notes			—		498,480		—		—		—		498,480
	Asset retirement obligations, net of
		current portion		—		—		216,241		—		—		216,241
	Accumulated postretirement medical benefit
		obligation, net of current portion		—		—		50,276		—		—		50,276
	Other liabilities			—		—		11,025		—		—		11,025
		Total liabilities		20,559		1,025,742		560,736		66,405		(601,359)		1,072,084
Commitments and Contingencies (Note 12)				—		—		—		—		—
		Total equity		1,087,834		1,108,053		1,899,119		6,271		(3,013,443)		1,087,834
		Total liabilities and equity	$	1,108,393	$	2,133,795	$	2,459,855	$	72,676	$	(3,614,802)	$	2,159,918

Schedule of Condensed Consolidating Statements of Cash Flows

Supplemental Condensed Consolidating Statement of Cash Flows
(in thousands)
		Three Months Ended March 31, 2015
		Parent Guarantor (CPE Inc.)		Issuing Company (CPE Resources)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net cash provided by (used in) operating
	activities	$	—	$	17,804	$	14,134	$	—	$	—	$	31,939
Investing activities
	Purchases of property, plant and equipment		—		(703)		(5,701)		—		—		(6,405)
	Investments in marketable securities		—		—		—		—		—		—
	Maturity and redemption of investments		—		—		—		—		—		—
	Investment in development projects		—		—		(750)		—		—		(750)
	Payment of restricted cash		—		—		(6,500)		—		—		(6,500)
	Other		—		—		(75)		—		—		(75)
Net cash provided by (used in) investing
	activities		—		(703)		(13,026)		—		—		(13,730)
Financing activities
	Payment of deferred financing costs		—		(2)		(312)		—		—		(314)
	Other		—		—		(408)		—		—		(408)
Net cash provided by (used in) financing
	activities		—		(2)		(720)		—		—		(722)
Net increase (decrease) in cash and cash equivalents			—		17,099		388		—		—		17,487
Cash and cash equivalents at beginning of period			—		167,532		1,213		—		—		168,745
Cash and cash equivalents at the end of period		$	—	$	184,631	$	1,601	$	—	$	—	$	186,232

Supplemental Condensed Consolidating Statement of Cash Flows
(in thousands)
		Three Months Ended March 31, 2014
		Parent Guarantor (CPE Inc.)		Issuing Company (CPE Resources)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net cash provided by (used in) operating
	activities	$	(594)	$	8,789	$	6,825	$	(2,208)	$	—	$	12,811
Investing activities
	Purchases of property, plant and equipment		—		(833)		(3,686)		—		—		(4,519)
	Investments in marketable securities		—		(8,159)		—		—		—		(8,159)
	Maturity and redemption of investments		—		88,845		—		—		—		88,845
	Investment in development projects		—		—		(750)		—		—		(750)
	Other		—		—		201		—		—		201
Net cash provided by (used in) investing
	activities		—		79,853		(4,235)		—		—		75,618
Financing activities
	Issuance of senior notes		—		200,000		—		—		—		200,000
	Repayment of senior notes		—		(300,000)		—		—		—		(300,000)
	Payment of deferred financing costs		—		(12,100)		—		—		—		(12,100)
	Other		594		—		(380)		—		—		215
Net cash provided by (used in) financing
	activities		594		(112,100)		(380)		—		—		(111,885)
Net increase (decrease) in cash and cash equivalents			—		(23,458)		2,210		(2,208)		—		(23,456)
Cash and cash equivalents at beginning of period			—		226,993		496		4,144		—		231,633
Cash and cash equivalents at the end of period		$	—	$	203,535	$	2,706	$	1,936	$	—	$	208,177