Supplemental Guarantor/Non-Guarantor Financial Information (Tables)

6 Months Ended

Jun. 30, 2017

Supplemental Guarantor/Non-Guarantor Financial Information

Schedule of Condensed Consolidating Statements of Operations and Comprehensive Income

Supplemental Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
		(in thousands)
			Three Months Ended June 30, 2017
			Parent Guarantor (CPE Inc.)		Issuing Company (CPE Resources)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Revenue			$	1,842	$	―	$	229,201	$	―	$	(1,842)		229,201
Costs and expenses
	Cost of product sold (exclusive of
		depreciation, depletion, and accretion)		―		8		194,359		3		―		194,370
	Depreciation and depletion			―		188		19,061		―		―		19,249
	Accretion			―		―		1,846		―		―		1,846
	(Gain) loss on derivative financial instruments			―		―		1,595		―		―		1,595
	Selling, general and administrative expenses			―		11,407		―		―		(1,842)		9,565
	Other operating costs			―		(17)		109		―		―		92
Total costs and expenses				―		11,586		216,970		3		(1,842)		226,717
Operating income (loss)				1,842		(11,586)		12,231		(3)		―		2,484
Other income (expense)
	Interest income			―		118		―		―		―		118
	Interest expense			(7)		(9,518)		(134)		(207)		―		(9,866)
	Other, net			―		(69)		(138)		69		―		(138)
Total other income (expense)				(7)		(9,469)		(272)		(138)		―		(9,886)
Income (loss) before income tax provision and
	earnings from unconsolidated affiliates			1,835		(21,055)		11,959		(141)		―		(7,402)
	Income tax benefit (expense)			149		―		―		―		―		149
	Income (loss) from unconsolidated affiliates,
		net of tax		―		6		299		―		―		305
	Income (loss) from consolidated
		affiliates, net of tax		(8,932)		12,117		(140)		―		(3,045)		―
Net income (loss)				(6,948)		(8,932)		12,118		(141)		(3,045)		(6,948)
Other comprehensive income (loss)
	Postretirement medical plan amortization
		of prior service cost		(1,821)		(1,821)		(1,821)		―		3,642		(1,821)
	Income tax on postretirement medical plan
		and pension changes		―		―		―		―		―		―
Other comprehensive income (loss)				(1,821)		(1,821)		(1,821)		―		3,642		(1,821)
Total comprehensive income (loss)			$	(8,769)	$	(10,753)	$	10,297	$	(141)	$	597	$	(8,769)

Supplemental Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
		(in thousands)
			Three Months Ended June 30, 2016
			Parent Guarantor (CPE Inc.)		Issuing Company (CPE Resources)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Revenue			$	1,998	$	―	$	174,188	$	―	$	(1,998)		174,188
Costs and expenses
	Cost of product sold (exclusive of
		depreciation, depletion, and accretion)		―		77		140,539		―		―		140,616
	Depreciation and depletion			―		343		(19,854)		―		1		(19,510)
	Accretion			―		―		1,994		―		―		1,994
	(Gain) loss on derivative financial instruments			―		―		(8,286)		―		―		(8,286)
	Selling, general and administrative expenses			―		15,249		―		―		(1,998)		13,251
	Impairments			―		66		(32)		―		―		34
	Other operating costs			―		―		169		―		―		169
Total costs and expenses				―		15,735		114,530		―		(1,997)		128,268
Operating income (loss)				1,998		(15,735)		59,658		―		(1)		45,920
Other income (expense)
	Interest income			2		31		―		―		―		33
	Interest expense			(17)		(11,007)		(176)		(86)		―		(11,286)
	Other, net			―		(66)		(206)		66		―		(206)
Total other income (expense)				(15)		(11,042)		(382)		(20)		―		(11,459)
Income (loss) before income tax provision and
	earnings from unconsolidated affiliates			1,983		(26,777)		59,276		(20)		(1)		34,461
	Income tax benefit (expense)			185		―		973		―		―		1,158
	Income (loss) from unconsolidated affiliates,
		net of tax		―		6		(336)		―		―		(330)
	Income (loss) from consolidated
		affiliates, net of tax		33,121		59,893		(20)		―		(92,994)		―
Net income (loss)				35,289		33,122		59,893		(20)		(92,995)		35,289
Other comprehensive income (loss)
	Postretirement medical plan amortization
		of prior service cost		(1,871)		(1,871)		(1,871)		―		3,742		(1,871)
	Postretirement medical plan change			42,851		42,851		42,851		―		(85,702)		42,851
	Income tax on postretirement medical plan
		and pension changes		(974)		(974)		(974)		―		1,948		(974)
Other comprehensive income (loss)				40,006		40,006		40,006		―		(80,012)		40,006
Total comprehensive income (loss)			$	75,295	$	73,128	$	99,899	$	(20)	$	(173,007)	$	75,295

Supplemental Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
		(in thousands)
			Six Months Ended June 30, 2017
			Parent Guarantor (CPE Inc.)		Issuing Company (CPE Resources)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Revenue			$	3,649	$	―	$	424,930	$	―	$	(3,649)		424,930
Costs and expenses
	Cost of product sold (exclusive of
		depreciation, depletion, and accretion)		―		8		363,298		3		―		363,309
	Depreciation and depletion			―		380		37,514		―		―		37,894
	Accretion			―		―		3,667		―		―		3,667
	(Gain) loss on derivative financial instruments			―		―		3,939		―		―		3,939
	Selling, general and administrative expenses			―		23,928		―		―		(3,649)		20,279
	Other operating costs			―		23		287		―		―		310
Total costs and expenses				―		24,339		408,705		3		(3,649)		429,398
Operating income (loss)				3,649		(24,339)		16,225		(3)		―		(4,468)
Other income (expense)
	Interest income			1		156		―		―		―		157
	Interest expense			(48)		(22,066)		(268)		(396)		―		(22,778)
	Other, net			―		(129)		(448)		129		―		(448)
Total other income (expense)				(47)		(22,039)		(716)		(267)		―		(23,069)
Income (loss) before income tax provision and
	earnings from unconsolidated affiliates			3,602		(46,378)		15,509		(270)		―		(27,537)
	Income tax benefit (expense)			(151)		―		―		―		―		(151)
	Income (loss) from unconsolidated affiliates,
		net of tax		―		8		624		―		―		632
	Income (loss) from consolidated
		affiliates, net of tax		(30,507)		15,862		(270)		―		14,915		―
Net income (loss)				(27,056)		(30,508)		15,863		(270)		14,915		(27,056)
Other comprehensive income (loss)
	Postretirement medical plan amortization
		of prior service cost		(3,642)		(3,642)		(3,642)		―		7,284		(3,642)
	Income tax on postretirement medical plan
		and pension changes		―		―		―		―		―		―
Other comprehensive income (loss)				(3,642)		(3,642)		(3,642)		―		7,284		(3,642)
Total comprehensive income (loss)			$	(30,698)	$	(34,150)	$	12,221	$	(270)	$	22,199	$	(30,698)

Supplemental Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
		(in thousands)
			Six Months Ended June 30, 2016
			Parent Guarantor (CPE Inc.)		Issuing Company (CPE Resources)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Revenue			$	4,143	$	―	$	355,437	$	―	$	(4,143)		355,437
Costs and expenses
	Cost of product sold (exclusive of
		depreciation, depletion, and accretion)		―		98		305,552		―		―		305,650
	Depreciation and depletion			―		663		(1,071)		―		―		(408)
	Accretion			―		―		4,576		―		―		4,576
	(Gain) loss on derivative financial instruments			―		―		(6,325)		―		―		(6,325)
	Selling, general and administrative expenses			―		31,169		―		―		(4,143)		27,026
	Impairments			―		2,048		2,139		―		―		4,187
	Other operating costs			―		―		456		―		―		456
Total costs and expenses				―		33,978		305,327		―		(4,143)		335,162
Operating income (loss)				4,143		(33,978)		50,110		―		―		20,275
Other income (expense)
	Interest income			2		69		―		―		(1)		70
	Interest expense			(223)		(21,798)		(145)		(172)		―		(22,338)
	Other, net			―		(84)		(595)		84		―		(595)
Total other income (expense)				(221)		(21,813)		(740)		(88)		(1)		(22,863)
Income (loss) before income tax provision and
	earnings from unconsolidated affiliates			3,922		(55,791)		49,370		(88)		(1)		(2,588)
	Income tax benefit (expense)			635		―		1,944		―		1		2,580
	Income (loss) from unconsolidated affiliates,
		net of tax		―		9		(1,087)		―		―		(1,078)
	Income (loss) from consolidated
		affiliates, net of tax		(5,643)		50,139		(88)		―		(44,408)		―
Net income (loss)				(1,086)		(5,643)		50,139		(88)		(44,408)		(1,086)
Other comprehensive income (loss)
	Postretirement medical plan amortization
		of prior service cost		(1,510)		(1,510)		(1,510)		―		3,020		(1,510)
	Postretirement medical plan changes			42,851		42,851		42,851		―		(85,702)		42,851
	Income tax on postretirement medical plan
		and pension changes		(1,944)		(1,944)		(1,944)		―		3,888		(1,944)
Other comprehensive income (loss)				39,397		39,397		39,397		―		(78,794)		39,397
Total comprehensive income (loss)			$	38,311	$	33,754	$	89,536	$	(88)	$	(123,202)	$	38,311

Schedule of Condensed Consolidating Balance Sheet

Supplemental Condensed Consolidating Balance Sheet
(in thousands)
			June 30, 2017
			Parent Guarantor (CPE Inc.)		Issuing Company (CPE Resources)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
ASSETS
Current assets
	Cash and cash equivalents		$	—	$	80,395	$	141	$	—	$	—	$	80,536
	Accounts receivable			—		—		15,707		33,335		—		49,042
	Due from related parties			—		63,608		549		—		(63,679)		478
	Inventories, net			—		79		69,943		—		—		70,022
	Income tax receivable			1,516		—		—		—		—		1,516
	Other prepaid and deferred charges			687		—		32,751		—		—		33,438
	Other assets			(1)		—		803		—		—		802
		Total current assets		2,202		144,082		119,894		33,335		(63,679)		235,834
Noncurrent assets
	Property, plant and equipment, net			—		3,339		1,404,741		—		—		1,408,080
	Goodwill			—		—		2,280		—		—		2,280
	Other assets			994,161		1,262,565		44,610		424		(2,258,028)		43,732
		Total assets	$	996,363	$	1,409,986	$	1,571,525	$	33,759	$	(2,321,707)	$	1,689,926
LIABILITIES AND MEMBER'S EQUITY
Current liabilities
	Accounts payable		$	—	$	199	$	32,675	$	51	$	—	$	32,925
	Royalties and production taxes			—		—		57,335		—		—		57,335
	Accrued expenses			1,504		6,236		23,635		—		—		31,375
	Due to related parties			1,062		71		36,991		25,555		(63,679)		—
	Other liabilities			—		—		2,552		—		—		2,552
		Total current liabilities		2,566		6,506		153,188		25,606		(63,679)		124,187
Noncurrent liabilities
	Senior notes			—		409,368		—		—		—		409,368
	Asset retirement obligations, net of
		current portion		—		—		107,891		—		—		107,891
	Accumulated postretirement medical benefit
		obligation, net of current portion		—		—		23,701		—		—		23,701
	Royalties and production taxes			—		—		20,995		—		—		20,995
	Other liabilities			5,289		—		9,987		—		—		15,276
		Total liabilities		7,855		415,874		315,762		25,606		(63,679)		701,418
Commitments and Contingencies (Note 13)				—		—		—		—		—
		Total equity		988,508		994,112		1,255,763		8,153		(2,258,028)		988,508
		Total liabilities and equity	$	996,363	$	1,409,986	$	1,571,525	$	33,759	$	(2,321,707)	$	1,689,926

Supplemental Condensed Consolidating Balance Sheet
(in thousands)
			December 31, 2016
			Parent Guarantor (CPE Inc.)		Issuing Company (CPE Resources)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
ASSETS
Current assets
	Cash and cash equivalents		$	—	$	83,673	$	35	$	—	$	—	$	83,708
	Accounts receivable			—		—		13,261		36,050		—		49,311
	Due from related parties			—		116,486		—		—		(116,486)		—
	Inventories, net			—		70		68,613		—		—		68,683
	Derivative financial instruments			—		—		752		—		—		752
	Income tax receivable			1,601		—		—		—		—		1,601
	Other prepaid and deferred charges			278		—		20,083		—		—		20,361
	Other assets			—		—		741		—		—		741
		Total current assets		1,879		200,229		103,485		36,050		(116,486)		225,157
Noncurrent assets
	Property, plant and equipment, net			—		3,307		1,429,054		—		—		1,432,361
	Goodwill			—		—		2,280		—		—		2,280
	Other assets			1,019,289		1,299,413		52,793		—		(2,316,517)		54,978
		Total assets	$	1,021,168	$	1,502,949	$	1,587,612	$	36,050	$	(2,433,003)	$	1,714,776
LIABILITIES AND MEMBER'S EQUITY
Current liabilities
	Accounts payable		$	4	$	1,748	$	25,896	$	30	$	—	$	27,678
	Royalties and production taxes			—		—		63,018		—		—		63,018
	Accrued expenses			3,646		6,879		25,332		—		—		35,857
	Due to related parties			59,638		71		27,250		29,598		(116,486)		71
	Other liabilities			—		—		2,567		—		—		2,567
		Total current liabilities		63,288		8,698		144,063		29,628		(116,486)		129,191
Noncurrent liabilities
	Senior notes			—		475,009		—		—		—		475,009
	Asset retirement obligations, net of
		current portion		—		—		97,048		—		—		97,048
	Accumulated postretirement medical benefit
		obligation, net of current portion		—		—		22,950		—		—		22,950
	Royalties and production taxes			—		—		21,557		—		—		21,557
	Other liabilities			6,219		—		11,141		—		—		17,360
		Total liabilities		69,507		483,707		296,759		29,628		(116,486)		763,115
Commitments and Contingencies (Note 13)				—		—		—		—		—
		Total equity		951,661		1,019,241		1,290,854		6,422		(2,316,517)		951,661
		Total liabilities and equity	$	1,021,168	$	1,502,948	$	1,587,613	$	36,050	$	(2,433,003)	$	1,714,776

Schedule of Condensed Consolidating Statements of Cash Flows

Supplemental Condensed Consolidating Statement of Cash Flows
(in thousands)
		Six Months Ended June 30, 2017
		Parent Guarantor (CPE Inc.)		Issuing Company (CPE Resources)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net cash provided by (used in) operating
	activities	$	—	$	1,608	$	10,533	$	406	$	—	$	12,547
Investing activities
	Purchases of property, plant and equipment		—		(835)		(7,061)		—		—		(7,896)
	Investment in development projects		—		—		(2,110)		—		—		(2,110)
	Other		—		—		33		—		—		33
Net cash provided by (used in) investing
	activities		—		(835)		(9,138)		—		—		(9,973)
Financing activities
	Repayment of senior notes		—		(62,094)		—		—		—		(62,094)
	Payment of debt refinancing costs		—		—		—		(406)		—		(406)
	Payment amortized to deferred gain		—		(6,294)		—		—		—		(6,294)
	Proceeds from issuance of common stock		—		68,850		—		—		—		68,850
	Cash paid for equity offering		—		(4,490)		—		—		—		(4,490)
	Other		—		(23)		(1,289)		—		—		(1,312)
Net cash provided by (used in) financing
	activities		—		(4,051)		(1,289)		(406)		—		(5,746)
Net increase (decrease) in cash and cash equivalents			—		(3,278)		106		—		—		(3,172)
Cash and cash equivalents at beginning of period			—		83,673		35		—		—		83,708
Cash and cash equivalents at the end of period		$	—	$	80,395	$	141	$	—	$	—	$	80,536

Supplemental Condensed Consolidating Statement of Cash Flows
(in thousands)
		Six Months Ended June 30, 2016
		Parent Guarantor (CPE Inc.)		Issuing Company (CPE Resources)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net cash provided by (used in) operating
	activities	$	—	$	(21,908)	$	9,695	$	—	$	—	$	(12,213)
Investing activities
	Purchases of property, plant and equipment		—		(1,184)		(10,891)		—		—		(12,075)
	Cash paid for capitalized interest		—		—		(945)		—		—		(945)
	Investment in development projects		—		—		(1,500)		—		—		(1,500)
	Insurance proceeds		—		—		2,826		—		—		2,826
	Other		—		—		45		—		—		45
Net cash provided by (used in) investing
	activities		—		(1,184)		(10,465)		—		—		(11,649)
Financing activities
	Payment of deferred financing costs		—		(134)		(57)		—		—		(191)
	Other		—		—		(1,133)		—		—		(1,133)
Net cash provided by (used in) financing
	activities		—		(134)		(1,190)		—		—		(1,324)
Net increase (decrease) in cash and cash equivalents			—		(23,224)		(1,962)		—		—		(25,186)
Cash and cash equivalents at beginning of period			—		87,054		2,259		—		—		89,313
Cash and cash equivalents at the end of period		$	—	$	63,830	$	297	$	—	$	—	$	64,127