Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

Segment Information [Abstract]

Reportable Segment Results

		Australia		United States		Other and Corporate		Total
		(in US$ thousands)
Three months ended June 30, 2022
Total revenues	$	578,388	$	454,316	$	—	$	1,032,704
Adjusted EBITDA		196,315		252,394		(10,349)		438,360
Net income (loss)		127,905		181,146		(17,056)		291,995
Total assets		1,473,795		1,044,753		240,943		2,759,491
Capital expenditures		30,755		20,673		236		51,664
Three months ended June 30, 2021
Total revenues	$	251,432	$	172,824	$	—	$	424,256
Adjusted EBITDA		(13,880)		39,434		(7,493)		18,061
Net (loss) income		(63,507)		18,323		(9,901)		(55,085)
Total assets		1,115,815		872,345		168,427		2,156,587
Capital expenditures		13,180		16,087		435		29,702
Six months ended June 30, 2022
Total revenues	$	1,183,686	$	796,143	$	—	$	1,979,829
Adjusted EBITDA		435,284		432,294		(18,231)		849,347
Net income (loss)		278,052		304,113		(20,272)		561,893
Total assets		1,473,795		1,044,753		240,943		2,759,491
Capital expenditures		46,716		44,422		329		91,467
Six months ended June 30, 2021
Total revenues	$	489,726	$	310,641	$	—	$	800,367
Adjusted EBITDA		(36,937)		75,963		(13,324)		25,702
Net (loss) income		(105,838)		28,713		(18,932)		(96,057)
Total assets		1,115,815		872,345		168,427		2,156,587
Capital expenditures		20,214		30,625		1,468		52,307

Reconciliation of EBITDA to Net Income

	Three months ended				Six months ended
	June 30,				June 30,
	2022		2021		2022		2021
	(in US$ thousands)				(in US$ thousands)
Net income (loss)	$	291,995	$	(55,085)	$	561,893	$	(96,057)
Depreciation, depletion and amortization		51,384		41,212		89,393		94,293
Interest expense (net of income)		17,482		16,596		34,814		31,731
Other foreign exchange (gains) losses		(25,138)		140		(23,147)		1,889
Loss on extinguishment of debt		—		5,744		—		5,744
Income tax expense (benefit)		102,025		8,184		183,968		(10,884)
Restructuring costs		—		2,300		—		2,300
Losses on idled assets held for sale(1)		456		836		1,842		2,330
Increase (decrease) in provision for discounting and credit losses		156		(1,866)		584		(5,644)
Consolidated Adjusted EBITDA	$	438,360	$	18,061	$	849,347	$	25,702

⁽¹⁾ These losses relate to idled non-core assets that the Company has classified as held for sale with the view that these will be sold within the next twelve months.

Reconciliation of Capital Expenditures

		Six months ended June 30,
		2022		2021
		(in US$ thousands)
Capital expenditures per Condensed Consolidated Statements of Cash Flows	$	87,875	$	58,307
Accruals for capital expenditures		11,067		—
Payment for capital acquired in prior periods		(7,475)		(6,000)
Capital expenditures per segment detail	$	91,467	$	52,307

Disaggregation of Revenue

		Three months ended June 30, 2022
		Australia		United States		Total
		(in US$ thousands)
Product Groups:
Metallurgical coal	$	543,345	$	450,858	$	994,203
Thermal coal		25,001		1,793		26,794
Total coal revenue		568,346		452,651		1,020,997
Other(1)		10,042		1,665		11,707
Total	$	578,388	$	454,316	$	1,032,704

		Three months ended June 30, 2021
		Australia		United States		Total
		(in US$ thousands)
Product Groups:
Metallurgical coal	$	221,659	$	168,472	$	390,131
Thermal coal		21,090		2,543		23,633
Total coal revenue		242,749		171,015		413,764
Other(1)		8,683		1,809		10,492
Total	$	251,432	$	172,824	$	424,256

		Six months ended June 30, 2022
		Australia		United States		Total
		(in US$ thousands)
Product Groups
Metallurgical coal	$	1,097,353	$	788,579	$	1,885,932
Thermal coal		67,291		4,402		71,693
Total coal revenue		1,164,644		792,981		1,957,625
Other(1)		19,042		3,162		22,204
Total	$	1,183,686	$	796,143	$	1,979,829

		Six months ended June 30, 2021
		Australia		United States		Total
		(in US$ thousands)
Product Groups
Metallurgical coal	$	428,110	$	305,456	$	733,566
Thermal coal		44,089		3,311		47,400
Total coal revenue		472,199		308,767		780,966
Other(1)		17,527		1,874		19,401
Total	$	489,726	$	310,641	$	800,367

(1) Other revenue for the Australian segment includes the amortization of the Stanwell non-market coal supply contract obligation liability.