XML 14 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Coal revenues $ 399,954 $ 523,987 $ 1,278,935 $ 1,784,775
Other revenues 737 1,877 4,054 6,409
Total revenues 400,691 525,864 1,282,989 1,791,184
Costs and expenses:        
Cost of coal sales (exclusive of items shown separately below) 367,277 467,658 1,148,416 1,480,098
Depreciation, depletion and amortization 50,739 60,842 154,466 184,927
Accretion on asset retirement obligations 9,127 6,846 23,806 19,925
Amortization of acquired intangibles, net 2,219 2,314 5,180 (4,712)
Asset impairment and restructuring 3,571 32 221,453 5,858
Selling, general and administrative expenses (exclusive of depreciation, depletion and amortization shown separately above) 14,501 17,387 42,010 53,121
Merger-related costs 0 68 0 1,055
Total other operating (income) loss:        
Mark-to-market adjustment for acquisition-related obligations 3,624 (3,238) (13,425) (288)
Other (income) expense (1,359) 166 (2,063) (7,319)
Total costs and expenses 449,699 552,075 1,579,843 1,732,665
(Loss) income from operations (49,008) (26,211) (296,854) 58,519
Other income (expense):        
Interest expense (18,389) (18,847) (54,808) (50,079)
Interest income 378 1,763 6,889 5,584
Loss on modification and extinguishment of debt 0 0 0 (26,459)
Equity loss in affiliates (1,295) (1,845) (3,085) (4,804)
Miscellaneous loss, net (368) (1,523) (1,088) (2,912)
Total other expense, net (19,674) (20,452) (52,092) (78,670)
Loss from continuing operations before income taxes (68,682) (46,663) (348,946) (20,151)
Income tax benefit 45 3,102 2,200 8,880
Net loss from continuing operations (68,637) (43,561) (346,746) (11,271)
Discontinued operations:        
Loss from discontinued operations before income taxes 0 (11,516) 0 (176,973)
Income tax (expense) benefit from discontinued operations 0 (13,455) 0 12,866
Loss from discontinued operations 0 (24,971) 0 (164,107)
Net loss $ (68,637) $ (68,532) $ (346,746) $ (175,378)
Earnings Per Share, Basic [Abstract]        
(Loss) income from continuing operations (in dollars per share) $ (3.75) $ (2.29) $ (18.96) $ (0.59)
Loss from discontinued operations (in dollars per share) 0 (1.31) 0 (8.63)
Net loss (in dollars per share) (3.75) (3.60) (18.96) (9.22)
Earnings Per Share, Diluted [Abstract]        
(Loss) income from continuing operations (in dollars per share) (3.75) (2.29) (18.96) (0.59)
Loss from discontinuing operations (in dollars per share) 0 (1.31) 0 (8.63)
Net loss (in dollars per share) $ (3.75) $ (3.60) $ (18.96) $ (9.22)
Weighted average shares - basic (in shares) 18,319,947 19,025,462 18,290,346 19,014,974
Weighted average shares - diluted (in shares) 18,319,947 19,025,462 18,290,346 19,014,974
Revenue from Contract with Customer, Product and Service [Extensible List] us-gaap:PublicUtilitiesInventoryCoalMember us-gaap:PublicUtilitiesInventoryCoalMember us-gaap:PublicUtilitiesInventoryCoalMember us-gaap:PublicUtilitiesInventoryCoalMember