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As Of Filer Filing For·On·As Docs:Size 8/04/22 Peabody Energy Corp. 10-Q 6/30/22 71:10M |
Document/Exhibit Description Pages Size
1: 10-Q Quarterly Report HTML 2.54M
6: EX-95 Mine-Safety Disclosure HTML 161K
2: EX-31.1 Certification -- §302 - SOA'02 HTML 25K
3: EX-31.2 Certification -- §302 - SOA'02 HTML 25K
4: EX-32.1 Certification -- §906 - SOA'02 HTML 22K
5: EX-32.2 Certification -- §906 - SOA'02 HTML 22K
12: R1 Cover Page HTML 75K
13: R2 Unaudited Condensed Consolidated Statements of HTML 145K
Operations
14: R3 Unaudited Condensed Consolidated Statements of HTML 53K
Comprehensive Income
15: R4 Unaudited Condensed Consolidated Statements of HTML 23K
Comprehensive Income (Parenthetical)
16: R5 Condensed Consolidated Balance Sheets HTML 163K
17: R6 Condensed Consolidated Balance Sheets HTML 51K
(Parenthetical)
18: R7 Unaudited Condensed Consolidated Statements of HTML 146K
Cash Flows
19: R8 Unaudited Condensed Consolidated Statements of HTML 86K
Changes in Stockholders? Equity
20: R9 Unaudited Condensed Consolidated Statements of HTML 24K
Changes in Stockholders? Equity (Parenthetical)
21: R10 Basis of Presentation HTML 24K
22: R11 Newly Adopted Accounting Standards and Accounting HTML 36K
Standards Not Yet Implemented
23: R12 Revenue Recognition HTML 154K
24: R13 Inventories HTML 28K
25: R14 Equity Method Investments HTML 25K
26: R15 Derivatives and Fair Value Measurements HTML 135K
27: R16 Property, Plant, Equipment and Mine Development HTML 31K
28: R17 Income Taxes HTML 25K
29: R18 Long-term Debt HTML 77K
30: R19 Pension and Postretirement Benefit Costs HTML 53K
31: R20 Earnings per Share (Eps) HTML 81K
32: R21 Financial Instruments and Other Guarantees HTML 30K
33: R22 Commitments and Contingencies HTML 38K
34: R23 Segment Information HTML 87K
35: R24 Derivative Instruments and Hedging Activities HTML 28K
(Policies)
36: R25 Revenue Recognition (Tables) HTML 155K
37: R26 Inventories (Tables) HTML 29K
38: R27 Derivatives and Fair Value Measurements (Tables) HTML 126K
39: R28 Property, Plant, Equipment and Mine Development HTML 30K
(Tables)
40: R29 Long-term Debt (Tables) HTML 40K
41: R30 Pension and Postretirement Benefit Costs (Tables) HTML 49K
42: R31 Earnings per Share (Eps) (Tables) HTML 78K
43: R32 Segment Information (Tables) HTML 84K
44: R33 Revenue Recognition - Revenue by Product Type and HTML 113K
Market (Details)
45: R34 Revenue Recognition - Accounts Receivable HTML 28K
(Details)
46: R35 Revenue Recognition - Narrative (Details) HTML 55K
47: R36 Inventories (Details) HTML 34K
48: R37 Equity Method Investments (Details) HTML 42K
49: R38 Derivatives and Fair Value Measurements - HTML 112K
Narrative (Details)
50: R39 Derivatives and Fair Value Measurements - HTML 57K
Derivatives by Balance Sheet Classification
(Details)
51: R40 Derivatives and Fair Value Measurements - Gains HTML 39K
and Losses on Hedging Derivatives (Details)
52: R41 Derivatives and Fair Value Measurements - HTML 49K
Financial Instruments Measured on Recurring Basis
(Details)
53: R42 Derivatives and Fair Value Measurements - HTML 34K
Long-term debt (Details)
54: R43 Property, Plant, Equipment and Mine Development HTML 35K
(Details)
55: R44 Property, Plant, Equipment and Mine Development - HTML 24K
Narrative (Details)
56: R45 Income Taxes (Details) HTML 28K
57: R46 Long-term Debt - Schedule of Debt (Details) HTML 71K
58: R47 Long-term Debt - Narrative (Details) HTML 254K
59: R48 Pension and Postretirement Benefit Costs - HTML 43K
Schedule of Net Periodic Benefit (Benefit) Cost
(Details)
60: R49 Pension and Postretirement Benefit Costs - HTML 26K
Narrative (Details)
61: R50 Earnings per Share (EPS) - Narrative (Details) HTML 77K
62: R51 Earnings per Share (EPS) - Calculation of Basic HTML 79K
and Diluted EPS (Details)
63: R52 Financial Instruments and Other Guarantees HTML 87K
(Details)
64: R53 Commitments and Contingencies (Details) HTML 40K
65: R54 Segment Information - Segment Results (Details) HTML 45K
66: R55 Segment Information - Reconciliation to Adjusted HTML 60K
EBITDA (Details)
69: XML IDEA XML File -- Filing Summary XML 125K
67: XML XBRL Instance -- btu-20220630_htm XML 2.80M
68: EXCEL IDEA Workbook of Financial Reports XLSX 152K
8: EX-101.CAL XBRL Calculations -- btu-20220630_cal XML 176K
9: EX-101.DEF XBRL Definitions -- btu-20220630_def XML 815K
10: EX-101.LAB XBRL Labels -- btu-20220630_lab XML 1.64M
11: EX-101.PRE XBRL Presentations -- btu-20220630_pre XML 1.09M
7: EX-101.SCH XBRL Schema -- btu-20220630 XSD 179K
70: JSON XBRL Instance as JSON Data -- MetaLinks 425± 638K
71: ZIP XBRL Zipped Folder -- 0001064728-22-000059-xbrl Zip 646K
| btu-20220630 |
| i ☑ | QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||||||||||||||||||
For the quarterly period ended | i June 30, 2022 | |||||||||||||||||||
| i ☐ | TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||||||||||||
For the transition period from ____________ to ____________ | ||||||||||||||
| i Delaware | i 13-4004153 | |||||||
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||
| i 701 Market Street, | i St. Louis, | i Missouri | i 63101-1826 | |||||||||||||||||
| (Address of principal executive offices) | (Zip Code) | |||||||||||||||||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| i Common Stock, par value $0.01 per share | i BTU | i New York Stock Exchange | ||||||
| Page | |||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| (Dollars in millions, except per share data) | |||||||||||||||||||||||
| Revenue | $ | i 1,321.9 | $ | i 723.4 | $ | i 2,013.3 | $ | i 1,374.7 | |||||||||||||||
| Costs and expenses | |||||||||||||||||||||||
Operating costs and expenses (exclusive of items shown separately below) | i 825.6 | i 611.4 | i 1,524.6 | i 1,194.0 | |||||||||||||||||||
| Depreciation, depletion and amortization | i 73.8 | i 77.1 | i 146.7 | i 145.4 | |||||||||||||||||||
| Asset retirement obligation expenses | i 12.7 | i 15.1 | i 27.7 | i 31.0 | |||||||||||||||||||
| Selling and administrative expenses | i 21.8 | i 21.4 | i 44.9 | i 43.1 | |||||||||||||||||||
Restructuring
charges | i 0.2 | i 2.1 | i 1.8 | i 4.2 | |||||||||||||||||||
| Other operating (income) loss: | |||||||||||||||||||||||
| Net gain on disposals | ( i 12.8) | ( i 3.0) | ( i 17.7) | ( i 2.4) | |||||||||||||||||||
| (Income) loss from equity affiliates | ( i 48.7) | i 3.5 | ( i 93.4) | i 4.4 | |||||||||||||||||||
| Operating profit (loss) | i 449.3 | ( i 4.2) | i 378.7 | ( i 45.0) | |||||||||||||||||||
| Interest expense | i 37.6 | i 45.4 | i 77.0 | i 97.8 | |||||||||||||||||||
| Net loss (gain) on early debt extinguishment | i 2.3 | ( i 11.8) | i 25.8 | ( i 15.3) | |||||||||||||||||||
| Interest income | ( i 0.9) | ( i 1.3) | ( i 1.4) | ( i 2.8) | |||||||||||||||||||
| Net periodic benefit credit, excluding service cost | ( i 12.3) | ( i 8.7) | ( i 24.5) | ( i 17.4) | |||||||||||||||||||
| Income (loss) from continuing operations before income taxes | i 422.6 | ( i 27.8) | i 301.8 | ( i 107.3) | |||||||||||||||||||
| Income tax provision (benefit) | i 11.3 | ( i 4.8) | i 10.3 | ( i 6.6) | |||||||||||||||||||
| Income (loss) from continuing operations, net of income taxes | i 411.3 | ( i 23.0) | i 291.5 | ( i 100.7) | |||||||||||||||||||
| Loss from discontinued operations, net of income taxes | ( i 0.7) | ( i 2.3) | ( i 1.5) | ( i 4.3) | |||||||||||||||||||
| Net income (loss) | i 410.6 | ( i 25.3) | i 290.0 | ( i 105.0) | |||||||||||||||||||
| Less: Net income attributable to noncontrolling interests | i 1.1 | i 3.3 | i — | i 3.7 | |||||||||||||||||||
| Net income (loss) attributable to common stockholders | $ | i 409.5 | $ | ( i 28.6) | $ | i 290.0 | $ | ( i 108.7) | |||||||||||||||
| Income (loss) from continuing operations: | |||||||||||||||||||||||
| Basic income (loss) per share | $ | i 2.85 | $ | ( i 0.26) | $ | i 2.08 | $ | ( i 1.05) | |||||||||||||||
| Diluted income (loss) per share | $ | i 2.55 | $ | ( i 0.26) | $ | i 1.93 | $ | ( i 1.05) | |||||||||||||||
| Net income (loss) attributable to common stockholders: | |||||||||||||||||||||||
| Basic income (loss) per share | $ | i 2.84 | $ | ( i 0.28) | $ | i 2.07 | $ | ( i 1.09) | |||||||||||||||
| Diluted income (loss) per share | $ | i 2.54 | $ | ( i 0.28) | $ | i 1.93 | $ | ( i 1.09) | |||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||
| Net income (loss) | $ | i 410.6 | $ | ( i 25.3) | $ | i 290.0 | $ | ( i 105.0) | |||||||||||||||
Postretirement
plans (net of $ i i i i 0.0 / / /
tax provisions in each period) | ( i 13.5) | ( i 11.0) | ( i 26.9) | ( i 22.0) | |||||||||||||||||||
| Foreign currency translation adjustment | ( i 3.4) | ( i 0.2) | ( i 1.5) | ( i 0.4) | |||||||||||||||||||
| Other comprehensive loss, net of income taxes | ( i 16.9) | ( i 11.2) | ( i 28.4) | ( i 22.4) | |||||||||||||||||||
| Comprehensive income (loss) | i 393.7 | ( i 36.5) | i 261.6 | ( i 127.4) | |||||||||||||||||||
| Less: Net income attributable to noncontrolling interests | i 1.1 | i 3.3 | i — | i 3.7 | |||||||||||||||||||
| Comprehensive income (loss) attributable to common stockholders | $ | i 392.6 | $ | ( i 39.8) | $ | i 261.6 | $ | ( i 131.1) | |||||||||||||||
| (Unaudited) | |||||||||||
| June 30, 2022 | December 31, 2021 | ||||||||||
| (Amounts in millions, except per share data) | |||||||||||
| ASSETS | |||||||||||
| Current assets | |||||||||||
| Cash and cash equivalents | $ | i 1,120.7 | $ | i 954.3 | |||||||
Accounts
receivable, net of allowance for credit losses of $ i i 0.0 /
at June 30, 2022 and December 31, 2021 | i 530.4 | i 350.5 | |||||||||
| Inventories, net | i 252.9 | i 226.7 | |||||||||
| Other current assets | i 346.0 | i 270.2 | |||||||||
| Total current assets | i 2,250.0 | i 1,801.7 | |||||||||
| Property, plant, equipment and mine development, net | i 2,856.6 | i 2,950.6 | |||||||||
| Operating lease right-of-use assets | i 36.3 | i 35.5 | |||||||||
| Investments and other assets | i 157.0 | i 162.0 | |||||||||
| Total assets | $ | i 5,299.9 | $ | i 4,949.8 | |||||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||
| Current liabilities | |||||||||||
| Current portion of long-term debt | $ | i 177.7 | $ | i 59.6 | |||||||
| Accounts payable and accrued expenses | i 811.2 | i 872.1 | |||||||||
| Total current liabilities | i 988.9 | i 931.7 | |||||||||
| Long-term debt, less current portion | i 869.2 | i 1,078.2 | |||||||||
| Deferred income taxes | i 25.9 | i 27.3 | |||||||||
| Asset retirement obligations | i 660.0 | i 654.8 | |||||||||
| Accrued postretirement benefit costs | i 206.8 | i 212.1 | |||||||||
| Operating lease liabilities, less current portion | i 24.4 | i 27.2 | |||||||||
| Other noncurrent liabilities | i 231.3 | i 197.7 | |||||||||
| Total liabilities | i 3,006.5 | i 3,129.0 | |||||||||
| Stockholders’ equity | |||||||||||
Preferred Stock — $ i i 0.01 /
per share par value; i i 100.0 / shares authorized, i i i i no / / /
shares issued or outstanding as of June 30, 2022 and December 31, 2021 | i — | i — | |||||||||
Series Common
Stock — $ i i 0.01 / per share par value; i i 50.0 /
shares authorized, i i i i no / / /
shares issued or outstanding as of June 30, 2022 and December 31, 2021 | i — | i — | |||||||||
Common
Stock — $ i i 0.01 / per share par value; i i 450.0 /
shares authorized, i 187.1 shares issued and i 143.9 shares outstanding as of June 30, 2022 and i 176.3
shares issued and i 133.3 shares outstanding as of December 31, 2021 | i 1.9 | i 1.8 | |||||||||
| Additional paid-in capital | i 3,972.9 | i 3,745.6 | |||||||||
Treasury
stock, at cost — i 43.2 and i 43.0 common shares as of June 30, 2022 and December 31, 2021 | ( i 1,372.9) | ( i 1,370.3) | |||||||||
| Accumulated deficit | ( i 623.2) | ( i 913.2) | |||||||||
| Accumulated other comprehensive income | i 269.5 | i 297.9 | |||||||||
| Peabody Energy Corporation stockholders’ equity | i 2,248.2 | i 1,761.8 | |||||||||
| Noncontrolling interests | i 45.2 | i 59.0 | |||||||||
| Total stockholders’ equity | i 2,293.4 | i 1,820.8 | |||||||||
| Total liabilities and stockholders’ equity | $ | i 5,299.9 | $ | i 4,949.8 | |||||||
| PEABODY ENERGY CORPORATION | |||||||||||
| UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | |||||||||||
| Six Months Ended June 30, | |||||||||||
| 2022 | 2021 | ||||||||||
| (Dollars in millions) | |||||||||||
| Cash Flows From Operating Activities | |||||||||||
| Net income (loss) | $ | i 290.0 | $ | ( i 105.0) | |||||||
| Loss from discontinued operations, net of income taxes | i 1.5 | i 4.3 | |||||||||
| Income (loss) from continuing operations, net of income taxes | i 291.5 | ( i 100.7) | |||||||||
| Adjustments to reconcile income (loss) from continuing operations, net of income taxes to net cash provided by (used in) operating activities: | |||||||||||
| Depreciation, depletion and amortization | i 146.7 | i 145.4 | |||||||||
| Noncash interest expense, net | i 9.0 | i 10.8 | |||||||||
| Deferred income taxes | ( i 1.4) | ( i 0.8) | |||||||||
| Noncash share-based compensation | i 5.4 | i 3.9 | |||||||||
| Net gain on disposals | ( i 17.7) | ( i 2.4) | |||||||||
| Net loss (gain) on early debt extinguishment | i 25.8 | ( i 15.3) | |||||||||
| (Income) loss from equity affiliates | ( i 93.4) | i 4.4 | |||||||||
| Foreign currency option contracts | i 3.0 | i 4.3 | |||||||||
| Changes in current assets and liabilities: | |||||||||||
| Accounts receivable | ( i 179.9) | ( i 5.9) | |||||||||
| Inventories | ( i 26.2) | i 29.2 | |||||||||
| Other current assets | ( i 82.9) | ( i 19.5) | |||||||||
| Accounts payable and accrued expenses | ( i 13.1) | ( i 50.2) | |||||||||
| Collateral arrangements | ( i 28.2) | ( i 5.3) | |||||||||
| Asset retirement obligations | i 5.2 | i 14.0 | |||||||||
| Workers’ compensation obligations | ( i 1.6) | i 0.6 | |||||||||
| Postretirement benefit obligations | ( i 32.2) | ( i 29.3) | |||||||||
| Pension obligations | ( i 1.2) | ( i 1.2) | |||||||||
| Other, net | i 3.3 | i — | |||||||||
| Net cash provided by (used in) continuing operations | i 12.1 | ( i 18.0) | |||||||||
| Net cash used in discontinued operations | ( i 2.7) | ( i 4.8) | |||||||||
| Net cash provided by (used in) operating activities | i 9.4 | ( i 22.8) | |||||||||
| PEABODY ENERGY CORPORATION | |||||||||||
| UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - (Continued) | |||||||||||
| Six Months Ended June 30, | |||||||||||
| 2022 | 2021 | ||||||||||
| (Dollars in millions) | |||||||||||
| Cash Flows From Investing Activities | |||||||||||
| Additions to property, plant, equipment and mine development | ( i 63.1) | ( i 93.9) | |||||||||
| Changes in accrued expenses related to capital expenditures | ( i 9.7) | ( i 4.1) | |||||||||
| Proceeds from disposal of assets, net of receivables | i 23.4 | i 4.9 | |||||||||
| Contributions to joint ventures | ( i 276.0) | ( i 244.5) | |||||||||
| Distributions from joint ventures | i 280.8 | i 252.6 | |||||||||
| Advances to related parties | ( i 1.2) | ( i 0.2) | |||||||||
| Cash receipts from Middlemount Coal Pty Ltd and other related parties | i 143.9 | i 2.6 | |||||||||
| Other, net | ( i 3.6) | i — | |||||||||
| Net cash provided by (used in) investing activities | i 94.5 | ( i 82.6) | |||||||||
| Cash Flows From Financing Activities | |||||||||||
| Proceeds from long-term debt | i 545.0 | i — | |||||||||
| Repayments of long-term debt | ( i 654.8) | ( i 83.1) | |||||||||
| Payment of debt issuance and other deferred financing costs | ( i 20.7) | ( i 22.5) | |||||||||
| Proceeds from common stock issuances, net of costs | i 222.0 | i 65.1 | |||||||||
| Repurchase of employee common stock relinquished for tax withholding | ( i 2.6) | ( i 1.3) | |||||||||
| Distributions to noncontrolling interests | ( i 13.8) | ( i 0.1) | |||||||||
| Net cash provided by (used in) financing activities | i 75.1 | ( i 41.9) | |||||||||
| Net change in cash, cash equivalents and restricted cash | i 179.0 | ( i 147.3) | |||||||||
| Cash, cash equivalents and restricted cash at beginning of period | i 954.3 | i 709.2 | |||||||||
Cash,
cash equivalents and restricted cash at end of period (1) | $ | i 1,133.3 | $ | i 561.9 | |||||||
(1)
The following table provides a reconciliation of “Cash, cash equivalents and restricted cash at end of period” at June 30, 2022 | |||||||||||
| Cash and cash equivalents | $ | i 1,120.7 | |||||||||
| Restricted cash included in “Investments and other assets” | i 12.6 | ||||||||||
| Cash, cash equivalents and restricted cash at end of period | $ | i 1,133.3 | |||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||
| Common Stock | |||||||||||||||||||||||
| Balance, beginning of period | $ | i 1.9 | $ | i 1.4 | $ | i 1.8 | $ | i 1.4 | |||||||||||||||
| Common stock issuances, net of costs | i — | i 0.1 | i 0.1 | i 0.1 | |||||||||||||||||||
| Balance, end of period | i 1.9 | i 1.5 | i 1.9 | i 1.5 | |||||||||||||||||||
| Additional paid-in capital | |||||||||||||||||||||||
| Balance, beginning of period | i 3,969.5 | i 3,366.4 | i 3,745.6 | i 3,364.6 | |||||||||||||||||||
| Share-based compensation for equity-classified awards | i 3.4 | i 2.1 | i 5.4 | i 3.9 | |||||||||||||||||||
| Common stock issued in exchange for debt retirement | i — | i 30.5 | i — | i 30.5 | |||||||||||||||||||
| Common stock issuances, net of costs | i — | i 64.8 | i 221.9 | i 64.8 | |||||||||||||||||||
| Balance, end of period | i 3,972.9 | i 3,463.8 | i 3,972.9 | i 3,463.8 | |||||||||||||||||||
| Treasury stock | |||||||||||||||||||||||
| Balance, beginning of period | ( i 1,372.3) | ( i 1,369.5) | ( i 1,370.3) | ( i 1,368.9) | |||||||||||||||||||
| Repurchase of employee common stock relinquished for tax withholding | ( i 0.6) | ( i 0.7) | ( i 2.6) | ( i 1.3) | |||||||||||||||||||
| Balance, end of period | ( i 1,372.9) | ( i 1,370.2) | ( i 1,372.9) | ( i 1,370.2) | |||||||||||||||||||
| Accumulated deficit | |||||||||||||||||||||||
| Balance, beginning of period | ( i 1,032.7) | ( i 1,353.4) | ( i 913.2) | ( i 1,273.3) | |||||||||||||||||||
| Net income (loss) attributable to common stockholders | i 409.5 | ( i 28.6) | i 290.0 | ( i 108.7) | |||||||||||||||||||
| Balance, end of period | ( i 623.2) | ( i 1,382.0) | ( i 623.2) | ( i 1,382.0) | |||||||||||||||||||
| Accumulated other comprehensive income | |||||||||||||||||||||||
| Balance, beginning of period | i 286.4 | i 194.6 | i 297.9 | i 205.8 | |||||||||||||||||||
Postretirement
plans (net of $ i i i i 0.0 / / /
tax provisions in each period) | ( i 13.5) | ( i 11.0) | ( i 26.9) | ( i 22.0) | |||||||||||||||||||
| Foreign currency translation adjustment | ( i 3.4) | ( i 0.2) | ( i 1.5) | ( i 0.4) | |||||||||||||||||||
| Balance, end of period | i 269.5 | i 183.4 | i 269.5 | i 183.4 | |||||||||||||||||||
| Noncontrolling interests | |||||||||||||||||||||||
| Balance, beginning of period | i 44.1 | i 52.0 | i 59.0 | i 51.7 | |||||||||||||||||||
| Net income attributable to noncontrolling interests | i 1.1 | i 3.3 | i — | i 3.7 | |||||||||||||||||||
| Distributions to noncontrolling interests | — | i — | ( i 13.8) | ( i 0.1) | |||||||||||||||||||
| Balance, end of period | i 45.2 | i 55.3 | i 45.2 | i 55.3 | |||||||||||||||||||
| Total stockholders’ equity | $ | i 2,293.4 | $ | i 951.8 | $ | i 2,293.4 | $ | i 951.8 | |||||||||||||||
| Three Months Ended June 30, 2022 | |||||||||||||||||||||||||||||||||||
| Seaborne Thermal Mining | Seaborne Metallurgical Mining | Powder River Basin Mining | Other U.S. Thermal Mining | Corporate and Other (1) | Consolidated | ||||||||||||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||||||||||||||
| Thermal coal | |||||||||||||||||||||||||||||||||||
| Domestic | $ | i 39.8 | $ | i — | $ | i 229.9 | $ | i 222.8 | $ | i — | $ | i 492.5 | |||||||||||||||||||||||
| Export | i 314.9 | i — | i — | i 1.0 | i — | i 315.9 | |||||||||||||||||||||||||||||
| Total thermal | i 354.7 | i — | i 229.9 | i 223.8 | i — | i 808.4 | |||||||||||||||||||||||||||||
| Metallurgical coal | |||||||||||||||||||||||||||||||||||
| Export | i — | i 533.3 | i — | i — | i — | i 533.3 | |||||||||||||||||||||||||||||
| Total metallurgical | i — | i 533.3 | i — | i — | i — | i 533.3 | |||||||||||||||||||||||||||||
Other
(2) | i 0.2 | i 0.5 | ( i 0.2) | i 1.1 | ( i 21.4) | ( i 19.8) | |||||||||||||||||||||||||||||
| Revenue | $ | i 354.9 | $ | i 533.8 | $ | i 229.7 | $ | i 224.9 | $ | ( i 21.4) | $ | i 1,321.9 | |||||||||||||||||||||||
| Three Months Ended June 30, 2021 | |||||||||||||||||||||||||||||||||||
| Seaborne Thermal Mining | Seaborne Metallurgical Mining | Powder River Basin Mining | Other U.S. Thermal Mining | Corporate and Other (1) | Consolidated | ||||||||||||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||||||||||||||
| Thermal coal | |||||||||||||||||||||||||||||||||||
| Domestic | $ | i 47.5 | $ | i — | $ | i 248.8 | $ | i 160.0 | $ | i — | $ | i 456.3 | |||||||||||||||||||||||
| Export | i 146.4 | i — | i — | i 1.2 | i — | i 147.6 | |||||||||||||||||||||||||||||
| Total thermal | i 193.9 | i — | i 248.8 | i 161.2 | i — | i 603.9 | |||||||||||||||||||||||||||||
| Metallurgical coal | |||||||||||||||||||||||||||||||||||
| Export | i — | i 120.4 | i — | i — | i — | i 120.4 | |||||||||||||||||||||||||||||
| Total metallurgical | i — | i 120.4 | i — | i — | i — | i 120.4 | |||||||||||||||||||||||||||||
Other
(2) | i 0.2 | i 0.6 | ( i 0.2) | i 0.9 | ( i 2.4) | ( i 0.9) | |||||||||||||||||||||||||||||
| Revenue | $ | i 194.1 | $ | i 121.0 | $ | i 248.6 | $ | i 162.1 | $ | ( i 2.4) | $ | i 723.4 | |||||||||||||||||||||||
| Six Months Ended June 30, 2022 | |||||||||||||||||||||||||||||||||||
| Seaborne Thermal Mining | Seaborne Metallurgical Mining | Powder River Basin Mining | Other U.S. Thermal Mining | Corporate and Other (1) | Consolidated | ||||||||||||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||||||||||||||
| Thermal coal | |||||||||||||||||||||||||||||||||||
| Domestic | $ | i 80.2 | $ | i — | $ | i 481.4 | $ | i 422.7 | $ | i — | $ | i 984.3 | |||||||||||||||||||||||
| Export | i 525.4 | i — | i — | i 1.0 | i — | i 526.4 | |||||||||||||||||||||||||||||
| Total thermal | i 605.6 | i — | i 481.4 | i 423.7 | i — | i 1,510.7 | |||||||||||||||||||||||||||||
| Metallurgical coal | |||||||||||||||||||||||||||||||||||
| Export | i — | i 851.3 | i — | i — | i — | i 851.3 | |||||||||||||||||||||||||||||
| Total metallurgical | i — | i 851.3 | i — | i — | i — | i 851.3 | |||||||||||||||||||||||||||||
Other
(2) | i 0.5 | i 3.8 | ( i 0.5) | i 4.3 | ( i 356.8) | ( i 348.7) | |||||||||||||||||||||||||||||
| Revenue | $ | i 606.1 | $ | i 855.1 | $ | i 480.9 | $ | i 428.0 | $ | ( i 356.8) | $ | i 2,013.3 | |||||||||||||||||||||||
| Six Months Ended June 30, 2021 | |||||||||||||||||||||||||||||||||||
| Seaborne Thermal Mining | Seaborne Metallurgical Mining | Powder River Basin Mining | Other U.S. Thermal Mining | Corporate and Other (1) | Consolidated | ||||||||||||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||||||||||||||
| Thermal coal | |||||||||||||||||||||||||||||||||||
| Domestic | $ | i 91.6 | $ | i — | $ | i 477.2 | $ | i 306.8 | $ | i — | $ | i 875.6 | |||||||||||||||||||||||
| Export | i 278.3 | i — | i — | i 1.2 | i — | i 279.5 | |||||||||||||||||||||||||||||
| Total thermal | i 369.9 | i — | i 477.2 | i 308.0 | i — | i 1,155.1 | |||||||||||||||||||||||||||||
| Metallurgical coal | |||||||||||||||||||||||||||||||||||
| Export | i — | i 207.0 | i — | i — | i — | i 207.0 | |||||||||||||||||||||||||||||
| Total metallurgical | i — | i 207.0 | i — | i — | i — | i 207.0 | |||||||||||||||||||||||||||||
Other
(2) | i 0.6 | i 1.5 | ( i 0.2) | i 3.4 | i 7.3 | i 12.6 | |||||||||||||||||||||||||||||
| Revenue | $ | i 370.5 | $ | i 208.5 | $ | i 477.0 | $ | i 311.4 | $ | i 7.3 | $ | i 1,374.7 | |||||||||||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||
| Unrealized loss on derivative contracts related to forecasted sales | $ | ( i 24.5) | $ | ( i 23.7) | $ | ( i 325.5) | $ | ( i 25.6) | |||||||||||||||
| Realized loss on derivative contracts related to forecasted sales | ( i 122.6) | ( i 7.1) | ( i 190.6) | ( i 15.0) | |||||||||||||||||||
Revenue
from physical sale of coal (3) | i 122.0 | i 23.2 | i 143.3 | i 41.1 | |||||||||||||||||||
| Trading revenue | i 0.3 | i 1.4 | i 10.4 | i 0.7 | |||||||||||||||||||
Other
(2) | i 3.4 | i 3.8 | i 5.6 | i 6.1 | |||||||||||||||||||
| Total Corporate and Other | $ | ( i 21.4) | $ | ( i 2.4) | $ | ( i 356.8) | $ | i 7.3 | |||||||||||||||
| June 30, 2022 | December 31, 2021 | ||||||||||
| (Dollars in millions) | |||||||||||
| Trade receivables, net | $ | i 491.0 | $ | i 307.0 | |||||||
| Miscellaneous receivables, net | i 39.4 | i 43.5 | |||||||||
| Accounts receivable, net | $ | i 530.4 | $ | i 350.5 | |||||||
| June 30, 2022 | December 31, 2021 | ||||||||||
| (Dollars in millions) | |||||||||||
| Materials and supplies, net | $ | i 116.9 | $ | i 102.1 | |||||||
| Raw coal | i 63.4 | i 54.6 | |||||||||
| Saleable coal | i 72.6 | i 70.0 | |||||||||
| Inventories, net | $ | i 252.9 | $ | i 226.7 | |||||||
| June 30, 2022 | December 31, 2021 | ||||||||||||||||||||||
| Asset Derivative | Liability Derivative | Asset Derivative | Liability Derivative | ||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||
| Foreign currency option contracts | $ | i 1.6 | $ | i — | $ | i 1.4 | $ | i — | |||||||||||||||
| Derivative contracts related to forecasted sales | i 167.6 | ( i 656.9) | i 59.5 | ( i 184.2) | |||||||||||||||||||
| Financial trading contracts | i 12.7 | i — | i 3.4 | i — | |||||||||||||||||||
| Total derivatives | i 181.9 | ( i 656.9) | i 64.3 | ( i 184.2) | |||||||||||||||||||
| Effect of counterparty netting | ( i 167.6) | i 167.6 | ( i 59.5) | i 59.5 | |||||||||||||||||||
| Variation margin (received) posted | ( i 12.7) | i 440.1 | ( i 3.4) | i 95.2 | |||||||||||||||||||
| Net derivatives and variation margin as classified in the balance sheets | $ | i 1.6 | $ | ( i 49.2) | $ | i 1.4 | $ | ( i 29.5) | |||||||||||||||
| Three Months Ended June 30, 2022 | ||||||||||||||||||||
| Total (loss) gain recognized in income | (Loss) gain realized in income on derivatives | Unrealized loss recognized in income on derivatives | ||||||||||||||||||
| Derivative Instrument | Classification | |||||||||||||||||||
| (Dollars in millions) | ||||||||||||||||||||
| Foreign currency option contracts | Operating costs and expenses | $ | ( i 7.5) | $ | ( i 1.2) | $ | ( i 6.3) | |||||||||||||
| Derivative contracts related to forecasted sales | Revenue | ( i 147.1) | ( i 122.6) | ( i 24.5) | ||||||||||||||||
| Financial trading contracts | Revenue | i 0.3 | i 0.9 | ( i 0.6) | ||||||||||||||||
| Total | $ | ( i 154.3) | $ | ( i 122.9) | $ | ( i 31.4) | ||||||||||||||
Three
Months Ended June 30, 2021 (1) | ||||||||||||||||||||
| Total (loss) gain recognized in income | Loss realized in income on derivatives | Unrealized (loss) gain recognized in income on derivatives | ||||||||||||||||||
| Derivative Instrument | Classification | |||||||||||||||||||
| (Dollars in millions) | ||||||||||||||||||||
| Foreign currency option contracts | Operating costs and expenses | $ | ( i 1.2) | $ | i — | $ | ( i 1.2) | |||||||||||||
| Derivative contracts related to forecasted sales | Revenue | ( i 30.8) | ( i 7.1) | ( i 23.7) | ||||||||||||||||
| Financial trading contracts | Revenue | i 1.4 | ( i 2.4) | i 3.8 | ||||||||||||||||
| Total | $ | ( i 30.6) | $ | ( i 9.5) | $ | ( i 21.1) | ||||||||||||||
| Six Months Ended June 30, 2022 | ||||||||||||||||||||
| Total (loss) gain recognized in income | (Loss) gain realized in income on derivatives | Unrealized (loss) gain recognized in income on derivatives | ||||||||||||||||||
| Derivative Instrument | Classification | |||||||||||||||||||
| (Dollars in millions) | ||||||||||||||||||||
| Foreign currency option contracts | Operating costs and expenses | $ | ( i 5.2) | $ | ( i 2.2) | $ | ( i 3.0) | |||||||||||||
| Derivative contracts related to forecasted sales | Revenue | ( i 516.1) | ( i 190.6) | ( i 325.5) | ||||||||||||||||
| Financial trading contracts | Revenue | i 10.4 | i 0.2 | i 10.2 | ||||||||||||||||
| Total | $ | ( i 510.9) | $ | ( i 192.6) | $ | ( i 318.3) | ||||||||||||||
Six
Months Ended June 30, 2021 (1) | ||||||||||||||||||||
| Total (loss) gain recognized in income | Gain (loss) realized in income on derivatives | Unrealized (loss) gain recognized in income on derivatives | ||||||||||||||||||
| Derivative Instrument | Classification | |||||||||||||||||||
| (Dollars in millions) | ||||||||||||||||||||
| Foreign currency option contracts | Operating costs and expenses | $ | ( i 4.2) | $ | i 4.6 | $ | ( i 8.8) | |||||||||||||
| Derivative contracts related to forecasted sales | Revenue | ( i 40.6) | ( i 15.0) | ( i 25.6) | ||||||||||||||||
| Financial trading contracts | Revenue | i 0.7 | ( i 0.1) | i 0.8 | ||||||||||||||||
| Total | $ | ( i 44.1) | $ | ( i 10.5) | $ | ( i 33.6) | ||||||||||||||
| June 30, 2022 | |||||||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||
| Foreign currency option contracts | $ | i — | $ | i 1.6 | $ | i — | $ | i 1.6 | |||||||||||||||
| Derivative contracts related to forecasted sales | i — | ( i 489.3) | i — | ( i 489.3) | |||||||||||||||||||
| Financial trading contracts | i — | i 12.7 | i — | i 12.7 | |||||||||||||||||||
| Equity securities | i — | i — | i 4.0 | i 4.0 | |||||||||||||||||||
| Total net (liabilities) assets | $ | i — | $ | ( i 475.0) | $ | i 4.0 | $ | ( i 471.0) | |||||||||||||||
| December 31, 2021 | |||||||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||
| Foreign currency option contracts | $ | i — | $ | i 1.4 | $ | i — | $ | i 1.4 | |||||||||||||||
| Derivative contracts related to forecasted sales | i — | ( i 124.7) | i — | ( i 124.7) | |||||||||||||||||||
| Financial trading contracts | i — | i 3.4 | i — | i 3.4 | |||||||||||||||||||
| Equity securities | i — | i — | i 4.0 | i 4.0 | |||||||||||||||||||
| Total net (liabilities) assets | $ | i — | $ | ( i 119.9) | $ | i 4.0 | $ | ( i 115.9) | |||||||||||||||
| June 30, 2022 | December 31, 2021 | ||||||||||
| (Dollars in millions) | |||||||||||
| Total debt at par value | $ | i 1,075.4 | $ | i 1,173.2 | |||||||
| Less: Unamortized debt issuance costs and original issue discount | ( i 28.5) | ( i 35.4) | |||||||||
| Net carrying amount | $ | i 1,046.9 | $ | i 1,137.8 | |||||||
| Estimated fair value | $ | i 1,189.9 | $ | i 1,136.5 | |||||||
| June 30, 2022 | December 31, 2021 | ||||||||||
| (Dollars in millions) | |||||||||||
| Land and coal interests | $ | i 2,488.8 | $ | i 2,494.1 | |||||||
| Buildings and improvements | i 593.2 | i 550.8 | |||||||||
| Machinery and equipment | i 1,400.4 | i 1,386.2 | |||||||||
| Less: Accumulated depreciation, depletion and amortization | ( i 1,625.8) | ( i 1,480.5) | |||||||||
| Property, plant, equipment and mine development, net | $ | i 2,856.6 | $ | i 2,950.6 | |||||||
| Debt Instrument (defined below, as applicable) | June 30, 2022 | December 31, 2021 | |||||||||
| (Dollars in millions) | |||||||||||
i 6.000%
Senior Secured Notes due March 2022 (2022 Notes) | $ | i — | $ | i 23.1 | |||||||
i 8.500%
Senior Secured Notes due December 2024 (2024 Peabody Notes) | i — | i 62.6 | |||||||||
i 10.000%
Senior Secured Notes due December 2024 (2024 Co-Issuer Notes) | i 193.6 | i 193.9 | |||||||||
| Senior Secured Term Loan due 2024 (Co-Issuer Term Loans) | i 138.8 | i 206.0 | |||||||||
i 6.375%
Senior Secured Notes due March 2025 (2025 Notes) | i 77.5 | i 334.9 | |||||||||
| Senior Secured Term Loan due 2025, net of original issue discount (Senior Secured Term Loan) | i 320.9 | i 322.8 | |||||||||
i 3.250%
Convertible Senior Notes due March 2028 (2028 Convertible Notes) | i 320.0 | i — | |||||||||
| Finance lease obligations | i 24.1 | i 29.3 | |||||||||
| Less: Debt issuance costs | ( i 28.0) | ( i 34.8) | |||||||||
| i 1,046.9 | i 1,137.8 | ||||||||||
| Less: Current portion of long-term debt | i 177.7 | i 59.6 | |||||||||
| Long-term debt | $ | i 869.2 | $ | i 1,078.2 | |||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||
| Indebtedness | $ | i 24.0 | $ | i 31.5 | $ | i 49.9 | $ | i 73.1 | |||||||||||||||
| Financial assurance instruments | i 13.6 | i 13.9 | i 27.1 | i 24.7 | |||||||||||||||||||
| Interest expense | $ | i 37.6 | $ | i 45.4 | $ | i 77.0 | $ | i 97.8 | |||||||||||||||
| Cash paid for interest | $ | i 40.6 | $ | i 48.0 | $ | i 77.8 | $ | i 104.3 | |||||||||||||||
| Non-cash interest expense | $ | i 5.2 | $ | i 5.9 | $ | i 9.0 | $ | i 10.8 | |||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||
| Service cost for benefits earned | $ | i — | $ | i 0.1 | $ | i — | $ | i 0.1 | |||||||||||||||
| Interest cost on projected benefit obligation | i 5.4 | i 5.1 | i 10.7 | i 10.2 | |||||||||||||||||||
| Expected return on plan assets | ( i 6.0) | ( i 5.7) | ( i 11.9) | ( i 11.4) | |||||||||||||||||||
| Net periodic pension credit | $ | ( i 0.6) | $ | ( i 0.5) | $ | ( i 1.2) | $ | ( i 1.1) | |||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||
| Service cost for benefits earned | $ | i 0.2 | $ | i 0.3 | $ | i 0.4 | $ | i 0.5 | |||||||||||||||
| Interest cost on accumulated postretirement benefit obligation | i 1.8 | i 2.9 | i 3.5 | i 5.8 | |||||||||||||||||||
| Expected return on plan assets | ( i 0.2) | ( i 0.2) | ( i 0.4) | ( i 0.4) | |||||||||||||||||||
| Amortization of prior service credit | ( i 13.5) | ( i 11.0) | ( i 26.9) | ( i 22.0) | |||||||||||||||||||
| Net periodic postretirement benefit credit | $ | ( i 11.7) | $ | ( i 8.0) | $ | ( i 23.4) | $ | ( i 16.1) | |||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| (In millions, except per share data) | |||||||||||||||||||||||
| Basic EPS numerator: | |||||||||||||||||||||||
| Income (loss) from continuing operations, net of income taxes | $ | i 411.3 | $ | ( i 23.0) | $ | i 291.5 | $ | ( i 100.7) | |||||||||||||||
| Less: Net income attributable to noncontrolling interests | i 1.1 | i 3.3 | i — | i 3.7 | |||||||||||||||||||
| Income (loss) from continuing operations attributable to common stockholders | i 410.2 | ( i 26.3) | i 291.5 | ( i 104.4) | |||||||||||||||||||
| Loss from discontinued operations, net of income taxes | ( i 0.7) | ( i 2.3) | ( i 1.5) | ( i 4.3) | |||||||||||||||||||
| Net income (loss) attributable to common stockholders | $ | i 409.5 | $ | ( i 28.6) | $ | i 290.0 | $ | ( i 108.7) | |||||||||||||||
| Diluted EPS numerator: | |||||||||||||||||||||||
| Income (loss) from continuing operations, net of income taxes | $ | i 411.3 | $ | ( i 23.0) | $ | i 291.5 | $ | ( i 100.7) | |||||||||||||||
| Add: Tax adjusted interest expense related to 2028 Convertible Notes | i 2.5 | i — | i 3.5 | i — | |||||||||||||||||||
| Less: Net income attributable to noncontrolling interests | i 1.1 | i 3.3 | i — | i 3.7 | |||||||||||||||||||
| Income (loss) from continuing operations attributable to common stockholders | i 412.7 | ( i 26.3) | i 295.0 | ( i 104.4) | |||||||||||||||||||
| Loss from discontinued operations, net of income taxes | ( i 0.7) | ( i 2.3) | ( i 1.5) | ( i 4.3) | |||||||||||||||||||
| Net income (loss) attributable to common stockholders | $ | i 412.0 | $ | ( i 28.6) | $ | i 293.5 | $ | ( i 108.7) | |||||||||||||||
| EPS denominator: | |||||||||||||||||||||||
Weighted average shares outstanding — basic | i 144.0 | i 101.2 | i 140.1 | i 99.8 | |||||||||||||||||||
| Dilutive impact of share-based compensation awards | i 1.8 | i — | i 1.5 | i — | |||||||||||||||||||
| Dilutive impact of 2028 Convertible Notes | i i 16.1 / | i i — / | i i 10.9 / | i i — / | |||||||||||||||||||
| Weighted average shares outstanding — diluted | i 161.9 | i 101.2 | i 152.5 | i 99.8 | |||||||||||||||||||
Basic
EPS attributable to common stockholders: | |||||||||||||||||||||||
| Income (loss) from continuing operations | $ | i 2.85 | $ | ( i 0.26) | $ | i 2.08 | $ | ( i 1.05) | |||||||||||||||
Loss
from discontinued operations | ( i 0.01) | ( i 0.02) | ( i 0.01) | ( i 0.04) | |||||||||||||||||||
| Net income (loss) attributable to common stockholders | $ | i 2.84 | $ | ( i 0.28) | $ | i 2.07 | $ | ( i 1.09) | |||||||||||||||
| Diluted EPS attributable to common stockholders: | |||||||||||||||||||||||
| Income (loss) from continuing operations | $ | i 2.55 | $ | ( i 0.26) | $ | i 1.93 | $ | ( i 1.05) | |||||||||||||||
Loss
from discontinued operations | ( i 0.01) | ( i 0.02) | i — | ( i 0.04) | |||||||||||||||||||
| Net income (loss) attributable to common stockholders | $ | i 2.54 | $ | ( i 0.28) | $ | i 1.93 | $ | ( i 1.09) | |||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||
| Revenue: | |||||||||||||||||||||||
| Seaborne Thermal Mining | $ | i 354.9 | $ | i 194.1 | $ | i 606.1 | $ | i 370.5 | |||||||||||||||
| Seaborne Metallurgical Mining | i 533.8 | i 121.0 | i 855.1 | i 208.5 | |||||||||||||||||||
| Powder River Basin Mining | i 229.7 | i 248.6 | i 480.9 | i 477.0 | |||||||||||||||||||
| Other U.S. Thermal Mining | i 224.9 | i 162.1 | i 428.0 | i 311.4 | |||||||||||||||||||
| Corporate and Other | ( i 21.4) | ( i 2.4) | ( i 356.8) | i 7.3 | |||||||||||||||||||
| Total | $ | i 1,321.9 | $ | i 723.4 | $ | i 2,013.3 | $ | i 1,374.7 | |||||||||||||||
| Adjusted EBITDA: | |||||||||||||||||||||||
| Seaborne Thermal Mining | $ | i 176.8 | $ | i 71.4 | $ | i 267.3 | $ | i 99.9 | |||||||||||||||
| Seaborne Metallurgical Mining | i 299.7 | ( i 26.4) | i 480.7 | ( i 48.8) | |||||||||||||||||||
| Powder River Basin Mining | ( i 2.0) | i 45.5 | i 5.6 | i 75.6 | |||||||||||||||||||
| Other U.S. Thermal Mining | i 61.9 | i 44.3 | i 111.9 | i 80.5 | |||||||||||||||||||
| Corporate and Other | i 41.4 | ( i 12.7) | i 39.8 | ( i 24.0) | |||||||||||||||||||
| Total | $ | i 577.8 | $ | i 122.1 | $ | i 905.3 | $ | i 183.2 | |||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||
| Income (loss) from continuing operations, net of income taxes | $ | i 411.3 | $ | ( i 23.0) | $ | i 291.5 | $ | ( i 100.7) | |||||||||||||||
| Depreciation, depletion and amortization | i 73.8 | i 77.1 | i 146.7 | i 145.4 | |||||||||||||||||||
| Asset retirement obligation expenses | i 12.7 | i 15.1 | i 27.7 | i 31.0 | |||||||||||||||||||
| Restructuring charges | i 0.2 | i 2.1 | i 1.8 | i 4.2 | |||||||||||||||||||
| Changes in deferred tax asset valuation allowance and reserves and amortization of basis difference related to equity affiliates | ( i 0.6) | ( i 0.5) | ( i 1.2) | ( i 2.0) | |||||||||||||||||||
| Interest expense | i 37.6 | i 45.4 | i 77.0 | i 97.8 | |||||||||||||||||||
| Net loss (gain) on early debt extinguishment | i 2.3 | ( i 11.8) | i 25.8 | ( i 15.3) | |||||||||||||||||||
| Interest income | ( i 0.9) | ( i 1.3) | ( i 1.4) | ( i 2.8) | |||||||||||||||||||
| Unrealized losses on derivative contracts related to forecasted sales | i 24.5 | i 23.7 | i 325.5 | i 25.6 | |||||||||||||||||||
| Unrealized losses on foreign currency option contracts | i 6.3 | i 1.2 | i 3.0 | i 8.8 | |||||||||||||||||||
| Take-or-pay contract-based intangible recognition | ( i 0.7) | ( i 1.1) | ( i 1.4) | ( i 2.2) | |||||||||||||||||||
| Income tax provision (benefit) | i 11.3 | ( i 4.8) | i 10.3 | ( i 6.6) | |||||||||||||||||||
| Adjusted EBITDA | $ | i 577.8 | $ | i 122.1 | $ | i 905.3 | $ | i 183.2 | |||||||||||||||
| High | Low | Average | June 30, 2022 | July 29, 2022 | ||||||||||||||||||||||||||||
Premium HCC (1) | $ | 530.25 | $ | 302.00 | $ | 445.52 | $ | 302.00 | $ | 191.00 | ||||||||||||||||||||||
Premium
PCI coal (1) | 517.25 | 275.50 | 419.63 | 275.50 | 182.50 | |||||||||||||||||||||||||||
Newcastle index thermal coal (1) | 436.07 | 271.05 | 372.90 | 390.68 | 420.88 | |||||||||||||||||||||||||||
API
5 index thermal coal (1) | 204.38 | 181.93 | 194.74 | 190.00 | 214.12 | |||||||||||||||||||||||||||
PRB 8,800 Btu/Lb coal (2) | 17.50 | 15.80 | 16.61 | 16.55 | 18.20 | |||||||||||||||||||||||||||
Illinois
Basin 11,500 Btu/Lb coal (2) | 170.00 | 126.00 | 142.00 | 170.00 | 180.00 | |||||||||||||||||||||||||||
| Three Months Ended June 30, | (Decrease) Increase to Volumes | Six Months Ended June 30, | (Decrease) Increase to Volumes | ||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | Tons | % | 2022 | 2021 | Tons | % | ||||||||||||||||||||||||||||||||||||||||
| (Tons in millions) | (Tons in millions) | ||||||||||||||||||||||||||||||||||||||||||||||
| Seaborne Thermal Mining | 4.0 | 4.1 | (0.1) | (2) | % | 7.8 | 8.2 | (0.4) | (5) | % | |||||||||||||||||||||||||||||||||||||
Seaborne
Metallurgical Mining | 1.6 | 1.4 | 0.2 | 14 | % | 2.8 | 2.4 | 0.4 | 17 | % | |||||||||||||||||||||||||||||||||||||
| Powder River Basin Mining | 18.5 | 22.5 | (4.0) | (18) | % | 39.1 | 43.2 | (4.1) | (9) | % | |||||||||||||||||||||||||||||||||||||
| Other U.S. Thermal Mining | 4.4 | 3.9 | 0.5 | 13 | % | 8.6 | 7.8 | 0.8 | 10 | % | |||||||||||||||||||||||||||||||||||||
Total tons sold
from mining segments | 28.5 | 31.9 | (3.4) | (11) | % | 58.3 | 61.6 | (3.3) | (5) | % | |||||||||||||||||||||||||||||||||||||
| Corporate and Other | 0.1 | 0.9 | (0.8) | (89) | % | 0.2 | 1.4 | (1.2) | (86) | % | |||||||||||||||||||||||||||||||||||||
| Total tons sold | 28.6 | 32.8 | (4.2) | (13) | % | 58.5 | 63.0 | (4.5) | (7) | % | |||||||||||||||||||||||||||||||||||||
| Three Months Ended June 30, | Increase (Decrease) | Six Months Ended June 30, | Increase (Decrease) | ||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | $ | % | 2022 | 2021 | $ | % | ||||||||||||||||||||||||||||||||||||||||
Revenue
per Ton - Mining Operations (1) | |||||||||||||||||||||||||||||||||||||||||||||||
| Seaborne Thermal | $ | 87.37 | $ | 46.92 | $ | 40.45 | 86 | % | $ | 77.52 | $ | 45.15 | $ | 32.37 | 72 | % | |||||||||||||||||||||||||||||||
| Seaborne Metallurgical | 330.56 | 85.48 | 245.08 | 287 | % | 299.82 | 86.31 | 213.51 | 247 | % | |||||||||||||||||||||||||||||||||||||
| Powder River Basin | 12.44 | 11.06 | 1.38 | 12 | % | 12.30 | 11.04 | 1.26 | 11 | % | |||||||||||||||||||||||||||||||||||||
| Other U.S. Thermal | 51.40 | 40.70 | 10.70 | 26 | % | 49.96 | 39.75 | 10.21 | 26 | % | |||||||||||||||||||||||||||||||||||||
Costs
per Ton - Mining Operations (1)(2) | |||||||||||||||||||||||||||||||||||||||||||||||
| Seaborne Thermal | $ | 43.85 | $ | 29.61 | $ | 14.24 | 48 | % | $ | 43.33 | $ | 32.97 | $ | 10.36 | 31 | % | |||||||||||||||||||||||||||||||
| Seaborne Metallurgical | 144.91 | 104.24 | 40.67 | 39 | % | 131.26 | 106.51 | 24.75 | 23 | % | |||||||||||||||||||||||||||||||||||||
| Powder River Basin | 12.55 | 9.04 | 3.51 | 39 | % | 12.16 | 9.29 | 2.87 | 31 | % | |||||||||||||||||||||||||||||||||||||
| Other U.S. Thermal | 37.25 | 29.57 | 7.68 | 26 | % | 36.90 | 29.47 | 7.43 | 25 | % | |||||||||||||||||||||||||||||||||||||
Adjusted
EBITDA Margin per Ton - Mining Operations (1)(2) | |||||||||||||||||||||||||||||||||||||||||||||||
| Seaborne Thermal | $ | 43.52 | $ | 17.31 | $ | 26.21 | 151 | % | $ | 34.19 | $ | 12.18 | $ | 22.01 | 181 | % | |||||||||||||||||||||||||||||||
| Seaborne Metallurgical | 185.65 | (18.76) | 204.41 | 1,090 | % | 168.56 | (20.20) | 188.76 | 934 | % | |||||||||||||||||||||||||||||||||||||
| Powder River Basin | (0.11) | 2.02 | (2.13) | (105) | % | 0.14 | 1.75 | (1.61) | (92) | % | |||||||||||||||||||||||||||||||||||||
| Other U.S. Thermal | 14.15 | 11.13 | 3.02 | 27 | % | 13.06 | 10.28 | 2.78 | 27 | % | |||||||||||||||||||||||||||||||||||||
| Three Months Ended June 30, | Increase (Decrease) to Revenue | Six Months Ended June 30, | Increase (Decrease) to Revenue | ||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | $ | % | 2022 | 2021 | $ | % | ||||||||||||||||||||||||||||||||||||||||
| (Dollars in millions) | (Dollars in millions) | ||||||||||||||||||||||||||||||||||||||||||||||
| Seaborne Thermal Mining | $ | 354.9 | $ | 194.1 | $ | 160.8 | 83 | % | $ | 606.1 | $ | 370.5 | $ | 235.6 | 64 | % | |||||||||||||||||||||||||||||||
Seaborne
Metallurgical Mining | 533.8 | 121.0 | 412.8 | 341 | % | 855.1 | 208.5 | 646.6 | 310 | % | |||||||||||||||||||||||||||||||||||||
| Powder River Basin Mining | 229.7 | 248.6 | (18.9) | (8) | % | 480.9 | 477.0 | 3.9 | 1 | % | |||||||||||||||||||||||||||||||||||||
| Other U.S. Thermal Mining | 224.9 | 162.1 | 62.8 | 39 | % | 428.0 | 311.4 | 116.6 | 37 | % | |||||||||||||||||||||||||||||||||||||
| Corporate and Other | (21.4) | (2.4) | (19.0) | (792) | % | (356.8) | 7.3 | (364.1) | (4,988) | % | |||||||||||||||||||||||||||||||||||||
| Revenue | $ | 1,321.9 | $ | 723.4 | $ | 598.5 | 83 | % | $ | 2,013.3 | $ | 1,374.7 | $ | 638.6 | 46 | % | |||||||||||||||||||||||||||||||
| Three Months Ended June 30, | Increase (Decrease) to Segment Adjusted EBITDA | Six Months Ended June 30, | Increase (Decrease) to Segment Adjusted EBITDA | ||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | $ | % | 2022 | 2021 | $ | % | ||||||||||||||||||||||||||||||||||||||||
| (Dollars in millions) | (Dollars in millions) | ||||||||||||||||||||||||||||||||||||||||||||||
Seaborne Thermal Mining | $ | 176.8 | $ | 71.4 | $ | 105.4 | 148 | % | $ | 267.3 | $ | 99.9 | $ | 167.4 | 168 | % | |||||||||||||||||||||||||||||||
Seaborne
Metallurgical Mining | 299.7 | (26.4) | 326.1 | 1,235 | % | 480.7 | (48.8) | 529.5 | 1,085 | % | |||||||||||||||||||||||||||||||||||||
| Powder River Basin Mining | (2.0) | 45.5 | (47.5) | (104) | % | 5.6 | 75.6 | (70.0) | (93) | % | |||||||||||||||||||||||||||||||||||||
| Other U.S. Thermal Mining | 61.9 | 44.3 | 17.6 | 40 | % | 111.9 | 80.5 | 31.4 | 39 | % | |||||||||||||||||||||||||||||||||||||
| Corporate and Other | 41.4 | (12.7) | 54.1 | 426 | % | 39.8 | (24.0) | 63.8 | 266 | % | |||||||||||||||||||||||||||||||||||||
Adjusted
EBITDA (1) | $ | 577.8 | $ | 122.1 | $ | 455.7 | 373 | % | $ | 905.3 | $ | 183.2 | $ | 722.1 | 394 | % | |||||||||||||||||||||||||||||||
| Three Months Ended June 30, | Increase (Decrease) to Adjusted EBITDA | Six Months Ended June 30, | Increase (Decrease) to Adjusted EBITDA | ||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | $ | % | 2022 | 2021 | $ | % | ||||||||||||||||||||||||||||||||||||||||
| (Dollars in millions) | (Dollars in millions) | ||||||||||||||||||||||||||||||||||||||||||||||
Middlemount (1) | $ | 48.9 | $ | (4.1) | $ | 53.0 | 1,293 | % | $ | 94.0 | $ | (6.4) | $ | 100.4 | 1,569 | % | |||||||||||||||||||||||||||||||
Resource
management activities (2) | 13.8 | 3.9 | 9.9 | 254 | % | 17.3 | 4.3 | 13.0 | 302 | % | |||||||||||||||||||||||||||||||||||||
Selling
and administrative expenses | (21.8) | (21.4) | (0.4) | (2) | % | (44.9) | (43.1) | (1.8) | (4) | % | |||||||||||||||||||||||||||||||||||||
Other
items, net (3) | 0.5 | 8.9 | (8.4) | (94) | % | (26.6) | 21.2 | (47.8) | (225) | % | |||||||||||||||||||||||||||||||||||||
Corporate
and Other Adjusted EBITDA | $ | 41.4 | $ | (12.7) | $ | 54.1 | 426 | % | $ | 39.8 | $ | (24.0) | $ | 63.8 | 266 | % | |||||||||||||||||||||||||||||||
| Three Months Ended June 30, | Increase (Decrease) to Income | Six Months Ended June 30, | Increase (Decrease) to Income | ||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | $ | % | 2022 | 2021 | $ | % | ||||||||||||||||||||||||||||||||||||||||
| (Dollars in millions) | (Dollars in millions) | ||||||||||||||||||||||||||||||||||||||||||||||
Adjusted EBITDA (1) | $ | 577.8 | $ | 122.1 | $ | 455.7 | 373 | % | $ | 905.3 | $ | 183.2 | $ | 722.1 | 394 | % | |||||||||||||||||||||||||||||||
| Depreciation, depletion and amortization | (73.8) | (77.1) | 3.3 | 4 | % | (146.7) | (145.4) | (1.3) | (1) | % | |||||||||||||||||||||||||||||||||||||
| Asset retirement obligation expenses | (12.7) | (15.1) | 2.4 | 16 | % | (27.7) | (31.0) | 3.3 | 11 | % | |||||||||||||||||||||||||||||||||||||
| Restructuring charges | (0.2) | (2.1) | 1.9 | 90 | % | (1.8) | (4.2) | 2.4 | 57 | % | |||||||||||||||||||||||||||||||||||||
| Changes in deferred tax asset valuation allowance and reserves and amortization of basis difference related to equity affiliates | 0.6 | 0.5 | 0.1 | 20 | % | 1.2 | 2.0 | (0.8) | (40) | % | |||||||||||||||||||||||||||||||||||||
| Interest expense | (37.6) | (45.4) | 7.8 | 17 | % | (77.0) | (97.8) | 20.8 | 21 | % | |||||||||||||||||||||||||||||||||||||
| Net (loss) gain on early debt extinguishment | (2.3) | 11.8 | (14.1) | (119) | % | (25.8) | 15.3 | (41.1) | (269) | % | |||||||||||||||||||||||||||||||||||||
| Interest income | 0.9 | 1.3 | (0.4) | (31) | % | 1.4 | 2.8 | (1.4) | (50) | % | |||||||||||||||||||||||||||||||||||||
Unrealized
losses on derivative contracts related to forecasted sales | (24.5) | (23.7) | (0.8) | (3) | % | (325.5) | (25.6) | (299.9) | (1,171) | % | |||||||||||||||||||||||||||||||||||||
| Unrealized losses on foreign currency option contracts | (6.3) | (1.2) | (5.1) | (425) | % | (3.0) | (8.8) | 5.8 | 66 | % | |||||||||||||||||||||||||||||||||||||
| Take-or-pay contract-based intangible recognition | 0.7 | 1.1 | (0.4) | (36) | % | 1.4 | 2.2 | (0.8) | (36) | % | |||||||||||||||||||||||||||||||||||||
| Income tax (provision) benefit | (11.3) | 4.8 | (16.1) | (335) | % | (10.3) | 6.6 | (16.9) | (256) | % | |||||||||||||||||||||||||||||||||||||
| Income (loss) from continuing operations, net of income taxes | $ | 411.3 | $ | (23.0) | $ | 434.3 | 1,888 | % | $ | 291.5 | $ | (100.7) | $ | 392.2 | 389 | % | |||||||||||||||||||||||||||||||
| Three Months Ended June 30, | Increase (Decrease) to Income | Six Months Ended June 30, | (Decrease) Increase to Income | ||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | $ | % | 2022 | 2021 | $ | % | ||||||||||||||||||||||||||||||||||||||||
| (Dollars in millions) | (Dollars in millions) | ||||||||||||||||||||||||||||||||||||||||||||||
Seaborne Thermal Mining | $ | (26.2) | $ | (26.9) | $ | 0.7 | 3 | % | $ | (50.2) | $ | (48.0) | $ | (2.2) | (5) | % | |||||||||||||||||||||||||||||||
Seaborne
Metallurgical Mining | (22.0) | (17.4) | (4.6) | (26) | % | (41.9) | (33.9) | (8.0) | (24) | % | |||||||||||||||||||||||||||||||||||||
Powder
River Basin Mining | (9.3) | (10.3) | 1.0 | 10 | % | (19.8) | (19.9) | 0.1 | 1 | % | |||||||||||||||||||||||||||||||||||||
Other
U.S. Thermal Mining | (13.7) | (16.0) | 2.3 | 14 | % | (29.4) | (33.2) | 3.8 | 11 | % | |||||||||||||||||||||||||||||||||||||
Corporate
and Other | (2.6) | (6.5) | 3.9 | 60 | % | (5.4) | (10.4) | 5.0 | 48 | % | |||||||||||||||||||||||||||||||||||||
| Total | $ | (73.8) | $ | (77.1) | $ | 3.3 | 4 | % | $ | (146.7) | $ | (145.4) | $ | (1.3) | (1) | % | |||||||||||||||||||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| Seaborne Thermal Mining | $ | 2.46 | $ | 2.47 | $ | 2.47 | $ | 2.17 | |||||||||||||||
Seaborne
Metallurgical Mining | 3.42 | 1.03 | 2.85 | 1.02 | |||||||||||||||||||
| Powder River Basin Mining | 0.32 | 0.24 | 0.32 | 0.24 | |||||||||||||||||||
Other
U.S. Thermal Mining | 1.24 | 1.17 | 1.21 | 1.15 | |||||||||||||||||||
| Three Months Ended June 30, | Increase (Decrease) to Income | Six Months Ended June 30, | Increase (Decrease) to Income | ||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | $ | % | 2022 | 2021 | $ | % | ||||||||||||||||||||||||||||||||||||||||
| (Dollars in millions) | (Dollars in millions) | ||||||||||||||||||||||||||||||||||||||||||||||
| Income (loss) from continuing operations, net of income taxes | $ | 411.3 | $ | (23.0) | $ | 434.3 | 1,888 | % | $ | 291.5 | $ | (100.7) | $ | 392.2 | 389 | % | |||||||||||||||||||||||||||||||
| Loss from discontinued operations, net of income taxes | (0.7) | (2.3) | 1.6 | 70 | % | (1.5) | (4.3) | 2.8 | 65 | % | |||||||||||||||||||||||||||||||||||||
| Net income (loss) | 410.6 | (25.3) | 435.9 | 1,723 | % | 290.0 | (105.0) | 395.0 | 376 | % | |||||||||||||||||||||||||||||||||||||
| Less: Net income attributable to noncontrolling interests | 1.1 | 3.3 | (2.2) | (67) | % | — | 3.7 | (3.7) | (100) | % | |||||||||||||||||||||||||||||||||||||
| Net income (loss) attributable to common stockholders | $ | 409.5 | $ | (28.6) | $ | 438.1 | 1,532 | % | $ | 290.0 | $ | (108.7) | $ | 398.7 | 367 | % | |||||||||||||||||||||||||||||||
| Three Months Ended June 30, | Increase to EPS | Six Months Ended June 30, | Increase to EPS | ||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | $ | % | 2022 | 2021 | $ | % | ||||||||||||||||||||||||||||||||||||||||
Diluted
EPS attributable to common stockholders: | |||||||||||||||||||||||||||||||||||||||||||||||
| Income (loss) from continuing operations | $ | 2.55 | $ | (0.26) | $ | 2.81 | 1,081 | % | $ | 1.93 | $ | (1.05) | $ | 2.98 | 284 | % | |||||||||||||||||||||||||||||||
| Loss from discontinued operations | (0.01) | (0.02) | 0.01 | 50 | % | — | (0.04) | 0.04 | 100 | % | |||||||||||||||||||||||||||||||||||||
| Net income (loss) attributable to common stockholders | $ | 2.54 | $ | (0.28) | $ | 2.82 | 1,007 | % | $ | 1.93 | $ | (1.09) | $ | 3.02 | 277 | % | |||||||||||||||||||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||
| Income (loss) from continuing operations, net of income taxes | $ | 411.3 | $ | (23.0) | $ | 291.5 | $ | (100.7) | |||||||||||||||
Depreciation,
depletion and amortization | 73.8 | 77.1 | 146.7 | 145.4 | |||||||||||||||||||
Asset retirement obligation expenses | 12.7 | 15.1 | 27.7 | 31.0 | |||||||||||||||||||
Restructuring
charges | 0.2 | 2.1 | 1.8 | 4.2 | |||||||||||||||||||
Changes
in deferred tax asset valuation allowance and reserves and amortization of basis difference related to equity affiliates | (0.6) | (0.5) | (1.2) | (2.0) | |||||||||||||||||||
Interest expense | 37.6 | 45.4 | 77.0 | 97.8 | |||||||||||||||||||
| Net loss (gain) on early debt extinguishment | 2.3 | (11.8) | 25.8 | (15.3) | |||||||||||||||||||
Interest income | (0.9) | (1.3) | (1.4) | (2.8) | |||||||||||||||||||
| Unrealized losses on derivative contracts related to forecasted sales | 24.5 | 23.7 | 325.5 | 25.6 | |||||||||||||||||||
| Unrealized losses on foreign currency option contracts | 6.3 | 1.2 | 3.0 | 8.8 | |||||||||||||||||||
Take-or-pay
contract-based intangible recognition | (0.7) | (1.1) | (1.4) | (2.2) | |||||||||||||||||||
| Income tax provision (benefit) | 11.3 | (4.8) | 10.3 | (6.6) | |||||||||||||||||||
Total
Adjusted EBITDA | $ | 577.8 | $ | 122.1 | $ | 905.3 | $ | 183.2 | |||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||
Operating costs and expenses | $ | 825.6 | $ | 611.4 | $ | 1,524.6 | $ | 1,194.0 | |||||||||||||||
| Unrealized losses on foreign currency option contracts | (6.3) | (1.2) | (3.0) | (8.8) | |||||||||||||||||||
Take-or-pay contract-based intangible recognition | 0.7 | 1.1 | 1.4 | 2.2 | |||||||||||||||||||
| Net periodic benefit credit, excluding service cost | (12.3) | (8.7) | (24.5) | (17.4) | |||||||||||||||||||
Total Reporting Segment Costs | $ | 807.7 | $ | 602.6 | $ | 1,498.5 | $ | 1,170.0 | |||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||
| Seaborne Thermal Mining | $ | 178.1 | $ | 122.7 | $ | 338.8 | $ | 270.6 | |||||||||||||||
| Seaborne Metallurgical Mining | 234.1 | 147.4 | 374.4 | 257.3 | |||||||||||||||||||
| Powder River Basin Mining | 231.7 | 203.1 | 475.3 | 401.4 | |||||||||||||||||||
| Other U.S. Thermal Mining | 163.0 | 117.8 | 316.1 | 230.9 | |||||||||||||||||||
| Corporate and Other | 0.8 | 11.6 | (6.1) | 9.8 | |||||||||||||||||||
| Total Reporting Segment Costs | $ | 807.7 | $ | 602.6 | $ | 1,498.5 | $ | 1,170.0 | |||||||||||||||
| Three Months Ended June 30, 2022 | |||||||||||||||||||||||
| Seaborne Thermal Mining | Seaborne Metallurgical Mining | Powder River Basin Mining | Other U.S. Thermal Mining | ||||||||||||||||||||
| (Amounts in millions, except per ton data) | |||||||||||||||||||||||
| Tons sold | 4.0 | 1.6 | 18.5 | 4.4 | |||||||||||||||||||
| Revenue | $ | 354.9 | $ | 533.8 | $ | 229.7 | $ | 224.9 | |||||||||||||||
| Reporting Segment Costs | 178.1 | 234.1 | 231.7 | 163.0 | |||||||||||||||||||
| Adjusted EBITDA | $ | 176.8 | $ | 299.7 | $ | (2.0) | $ | 61.9 | |||||||||||||||
| Revenue per Ton | $ | 87.37 | $ | 330.56 | $ | 12.44 | $ | 51.40 | |||||||||||||||
| Costs per Ton | 43.85 | 144.91 | 12.55 | 37.25 | |||||||||||||||||||
| Adjusted EBITDA Margin per Ton | $ | 43.52 | $ | 185.65 | $ | (0.11) | $ | 14.15 | |||||||||||||||
| Three Months Ended June 30, 2021 | |||||||||||||||||||||||
| Seaborne Thermal Mining | Seaborne Metallurgical Mining | Powder River Basin Mining | Other U.S. Thermal Mining | ||||||||||||||||||||
| (Amounts in millions, except per ton data) | |||||||||||||||||||||||
| Tons sold | 4.1 | 1.4 | 22.5 | 3.9 | |||||||||||||||||||
| Revenue | $ | 194.1 | $ | 121.0 | $ | 248.6 | $ | 162.1 | |||||||||||||||
| Reporting Segment Costs | 122.7 | 147.4 | 203.1 | 117.8 | |||||||||||||||||||
| Adjusted EBITDA | $ | 71.4 | $ | (26.4) | $ | 45.5 | $ | 44.3 | |||||||||||||||
| Revenue per Ton | $ | 46.92 | $ | 85.48 | $ | 11.06 | $ | 40.70 | |||||||||||||||
| Costs per Ton | 29.61 | 104.24 | 9.04 | 29.57 | |||||||||||||||||||
| Adjusted EBITDA Margin per Ton | $ | 17.31 | $ | (18.76) | $ | 2.02 | $ | 11.13 | |||||||||||||||
| Six Months Ended June 30, 2022 | |||||||||||||||||||||||
| Seaborne Thermal Mining | Seaborne Metallurgical Mining | Powder River Basin Mining | Other U.S. Thermal Mining | ||||||||||||||||||||
| (Amounts in millions, except per ton data) | |||||||||||||||||||||||
| Tons sold | 7.8 | 2.8 | 39.1 | 8.6 | |||||||||||||||||||
| Revenue | $ | 606.1 | $ | 855.1 | $ | 480.9 | $ | 428.0 | |||||||||||||||
| Reporting Segment Costs | 338.8 | 374.4 | 475.3 | 316.1 | |||||||||||||||||||
| Adjusted EBITDA | $ | 267.3 | $ | 480.7 | $ | 5.6 | $ | 111.9 | |||||||||||||||
| Revenue per Ton | $ | 77.52 | $ | 299.82 | $ | 12.30 | $ | 49.96 | |||||||||||||||
| Costs per Ton | 43.33 | 131.26 | 12.16 | 36.90 | |||||||||||||||||||
| Adjusted EBITDA Margin per Ton | $ | 34.19 | $ | 168.56 | $ | 0.14 | $ | 13.06 | |||||||||||||||
| Six Months Ended June 30, 2021 | |||||||||||||||||||||||
| Seaborne Thermal Mining | Seaborne Metallurgical Mining | Powder River Basin Mining | Other U.S. Thermal Mining | ||||||||||||||||||||
| (Amounts in millions, except per ton data) | |||||||||||||||||||||||
| Tons sold | 8.2 | 2.4 | 43.2 | 7.8 | |||||||||||||||||||
| Revenue | $ | 370.5 | $ | 208.5 | $ | 477.0 | $ | 311.4 | |||||||||||||||
| Reporting Segment Costs | 270.6 | 257.3 | 401.4 | 230.9 | |||||||||||||||||||
| Adjusted EBITDA | $ | 99.9 | $ | (48.8) | $ | 75.6 | $ | 80.5 | |||||||||||||||
| Revenue per Ton | $ | 45.15 | $ | 86.31 | $ | 11.04 | $ | 39.75 | |||||||||||||||
| Costs per Ton | 32.97 | 106.51 | 9.29 | 29.47 | |||||||||||||||||||
| Adjusted EBITDA Margin per Ton | $ | 12.18 | $ | (20.20) | $ | 1.75 | $ | 10.28 | |||||||||||||||
| Six Months Ended June 30, | |||||||||||
| 2022 | 2021 | ||||||||||
| (Dollars in millions) | |||||||||||
| Net cash provided by (used in) operating activities | $ | 9.4 | $ | (22.8) | |||||||
| Net cash provided by (used in) investing activities | 94.5 | (82.6) | |||||||||
| Free Cash Flow | $ | 103.9 | $ | (105.4) | |||||||
| June 30, 2022 | December 31, 2021 | ||||||||||||||||
| (Dollars in millions) | |||||||||||||||||
| Cash and cash equivalents | $ | 1,120.7 | $ | 954.3 | |||||||||||||
| Credit facility availability | — | 15.3 | |||||||||||||||
| Accounts receivable securitization program availability | 13.5 | 26.3 | |||||||||||||||
| Total liquidity | $ | 1,134.2 | $ | 995.9 | |||||||||||||
| Debt Instrument (defined below, as applicable) | June 30, 2022 | December 31, 2021 | |||||||||
| (Dollars in millions) | |||||||||||
6.000% Senior Secured Notes due March 2022 (2022 Notes) | $ | — | $ | 23.1 | |||||||
8.500%
Senior Secured Notes due December 2024 (2024 Peabody Notes) | — | 62.6 | |||||||||
10.000% Senior Secured Notes due December 2024 (2024 Co-Issuer Notes) | 193.6 | 193.9 | |||||||||
| Senior Secured Term Loan due 2024 (Co-Issuer Term Loans) | 138.8 | 206.0 | |||||||||
6.375% Senior Secured
Notes due March 2025 (2025 Notes) | 77.5 | 334.9 | |||||||||
| Senior Secured Term Loan due 2025, net of original issue discount (Senior Secured Term Loan) | 320.9 | 322.8 | |||||||||
| 3.250% Convertible Senior Notes due March 2028 (2028 Convertible Notes) | 320.0 | — | |||||||||
| Finance lease obligations | 24.1 | 29.3 | |||||||||
| Less: Debt issuance costs | (28.0) | (34.8) | |||||||||
| 1,046.9 | 1,137.8 | ||||||||||
| Less: Current portion of long-term debt | 177.7 | 59.6 | |||||||||
| Long-term debt | $ | 869.2 | $ | 1,078.2 | |||||||
| Six Months Ended June 30, | |||||||||||
| 2022 | 2021 | ||||||||||
| (Dollars in millions) | |||||||||||
| Net cash provided by (used in) operating activities | $ | 9.4 | $ | (22.8) | |||||||
| Net cash provided by (used in) investing activities | 94.5 | (82.6) | |||||||||
| Net cash provided by (used in) financing activities | 75.1 | (41.9) | |||||||||
| Net change in cash, cash equivalents and restricted cash | 179.0 | (147.3) | |||||||||
| Cash, cash equivalents and restricted cash at beginning of period | 954.3 | 709.2 | |||||||||
| Cash, cash equivalents and restricted cash at end of period | $ | 1,133.3 | $ | 561.9 | |||||||
| Net cash provided by (used in) operating activities | $ | 9.4 | $ | (22.8) | |||||||
| Net cash provided by (used in) investing activities | 94.5 | (82.6) | |||||||||
| Free Cash Flow | $ | 103.9 | $ | (105.4) | |||||||
| Reclamation | Health
and welfare (1) | Contract performance (2) | Leased property and equipment | Other (3) | Total | ||||||||||||||||||||||||||||||
| (Dollars in millions) | |||||||||||||||||||||||||||||||||||
| Surety bonds and bank guarantees | $ | 1,276.9 | $ | 40.5 | $ | 84.2 | $ | 35.0 | $ | 16.9 | $ | 1,453.5 | |||||||||||||||||||||||
| Letters of credit outstanding under letter of credit facilities | 212.5 | 89.3 | 6.8 | 5.0 | — | 313.6 | |||||||||||||||||||||||||||||
| Letters of credit outstanding under accounts receivable securitization program | 133.9 | 17.6 | 10.0 | — | — | 161.5 | |||||||||||||||||||||||||||||
| 1,623.3 | 147.4 | 101.0 | 40.0 | 16.9 | 1,928.6 | ||||||||||||||||||||||||||||||
Less:
Letters of credit in support of surety bonds (4) | (339.5) | (30.3) | (2.3) | (1.2) | — | (373.3) | |||||||||||||||||||||||||||||
Less: Cash collateral in support of surety bonds (4) | (15.0) | — | — | — | — | (15.0) | |||||||||||||||||||||||||||||
| Obligations supported, net | $ | 1,268.8 | $ | 117.1 | $ | 98.7 | $ | 38.8 | $ | 16.9 | $ | 1,540.3 | |||||||||||||||||||||||
| Period | Total Number
of Shares Purchased (1) | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Program | Maximum Dollar Value that May Yet Be Used to Repurchase Shares Under the Publicly Announced Program (In millions) | ||||||||||||||||||||||
| April 1 through April 30, 2022 | — | $ | — | — | $ | 160.5 | ||||||||||||||||||||
| May 1 through May 31, 2022 | — | — | — | 160.5 | ||||||||||||||||||||||
| June 1 through June 30, 2022 | 27,446 | 25.20 | — | 160.5 | ||||||||||||||||||||||
| Total | 27,446 | 25.20 | — | |||||||||||||||||||||||
| Exhibit No. | Description of Exhibit | |||||||
| 31.1† | ||||||||
| 31.2† | ||||||||
| 32.1† | ||||||||
| 32.2† | ||||||||
| 95† | ||||||||
| 101.INS | Inline XBRL Instance Document - the instance document does not appear in the interactive data file because XBRL tags are embedded within the Inline XBRL document | |||||||
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document | |||||||
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document | |||||||
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document | |||||||
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document | |||||||
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
| † | Filed herewith. | |||||||
| PEABODY ENERGY CORPORATION | ||||||||||||||
| Date: | August 4, 2022 | By: | /s/ MARK A. SPURBECK | |||||||||||
| Mark A. Spurbeck | ||||||||||||||
| Executive Vice President and Chief Financial Officer (On behalf of the registrant and as Principal Financial Officer) | ||||||||||||||
| This ‘10-Q’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 3/1/28 | ||||
| 9/1/27 | ||||
| 12/31/25 | ||||
| 4/1/25 | ||||
| 3/31/25 | ||||
| 3/1/25 | ||||
| 12/31/24 | ||||
| 12/31/23 | ||||
| 3/31/23 | ||||
| 12/31/22 | ||||
| 9/28/22 | ||||
| 9/1/22 | ||||
| 8/29/22 | ||||
| 8/22/22 | ||||
| Filed on: | 8/4/22 | |||
| 8/2/22 | ||||
| 8/1/22 | ||||
| 7/31/22 | ||||
| 7/29/22 | ||||
| 7/25/22 | ||||
| 7/1/22 | ||||
| For Period end: | 6/30/22 | |||
| 5/31/22 | ||||
| 5/26/22 | 8-K | |||
| 5/21/22 | ||||
| 5/13/22 | ||||
| 4/30/22 | ||||
| 4/20/22 | ||||
| 4/7/22 | ||||
| 4/6/22 | ||||
| 3/31/22 | 10-Q | |||
| 3/21/22 | ||||
| 3/15/22 | ||||
| 3/7/22 | 424B5, 8-K | |||
| 3/4/22 | ||||
| 3/1/22 | 8-K | |||
| 2/24/22 | 8-K | |||
| 2/18/22 | 10-K | |||
| 2/9/22 | ||||
| 1/1/22 | ||||
| 12/31/21 | 10-K | |||
| 12/17/21 | 424B5, 8-K | |||
| 12/15/21 | ||||
| 10/29/21 | ||||
| 9/17/21 | 4, 424B5, 8-K, SC 13D/A | |||
| 8/23/21 | ||||
| 7/22/21 | ||||
| 6/30/21 | 10-Q | |||
| 6/7/21 | ||||
| 6/4/21 | 424B5, 8-K | |||
| 5/6/21 | 8-K, DEF 14A | |||
| 4/30/21 | ||||
| 4/23/21 | 424B3, EFFECT | |||
| 3/19/21 | ||||
| 2/10/21 | SC 13G/A | |||
| 1/25/21 | ||||
| 1/12/21 | ||||
| 12/22/20 | ||||
| 12/18/20 | ||||
| 9/28/20 | ||||
| 7/16/20 | 8-K | |||
| 10/28/19 | 8-K | |||
| 9/28/18 | 8-K | |||
| 9/25/18 | 8-K | |||
| 8/1/17 | 8-K | |||
| 4/3/17 | 3, 4, 8-A12B, 8-K, CERTNYS, S-8 | |||
| 10/23/15 | ||||
| 10/9/15 | ||||
| List all Filings | ||||