2013 Q2 Form 10-Q Financial Statement

#000110465913061736 Filed on August 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $766.3M $965.7M
YoY Change -20.65% -2.01%
Cost Of Revenue $656.2M $799.6M
YoY Change -17.93% 11.73%
Gross Profit $2.505M $47.16M
YoY Change -94.69% -72.62%
Gross Profit Margin 0.33% 4.88%
Selling, General & Admin $34.30M $35.18M
YoY Change -2.49% 21.3%
% of Gross Profit 1369.34% 74.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $118.8M $132.8M
YoY Change -10.54% 36.49%
% of Gross Profit 4742.51% 281.58%
Operating Expenses $802.6M $1.563B
YoY Change -48.64% 1168.33%
Operating Profit -$36.28M -$596.9M
YoY Change -93.92% -725.98%
Interest Expense $94.76M $78.73M
YoY Change 20.36% -278.12%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$129.8M -$693.6M
YoY Change -81.28% -17016.46%
Income Tax -$49.47M -$251.1M
% Of Pretax Income
Net Earnings -$72.21M -$435.5M
YoY Change -83.42% -6668.46%
Net Earnings / Revenue -9.42% -45.1%
Basic Earnings Per Share -$0.34 -$2.05
Diluted Earnings Per Share -$0.34 -$2.05
COMMON SHARES
Basic Shares Outstanding 212.1M shares 212.0M shares
Diluted Shares Outstanding 212.1M shares 212.0M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.382B $513.0M
YoY Change 169.32% 525.61%
Cash & Equivalents $1.133B $512.5M
Short-Term Investments $248.5M
Other Short-Term Assets $60.81M $203.0M
YoY Change -70.04% -61.7%
Inventory $356.7M $455.0M
Prepaid Expenses
Receivables $264.7M $327.0M
Other Receivables $72.00M $71.00M
Total Short-Term Assets $1.755B $1.569B
YoY Change 11.88% 12.96%
LONG-TERM ASSETS
Property, Plant & Equipment $7.231B $7.397B
YoY Change -2.24% -4.26%
Goodwill $265.4M
YoY Change
Intangibles
YoY Change
Long-Term Investments $232.8M $235.0M
YoY Change -0.95% 12.98%
Other Assets $154.9M $273.0M
YoY Change -43.27% -5.54%
Total Long-Term Assets $744.2M $8.385B
YoY Change -91.12% -4.3%
TOTAL ASSETS
Total Short-Term Assets $1.755B $1.569B
Total Long-Term Assets $744.2M $8.385B
Total Assets $9.731B $9.954B
YoY Change -2.24% -1.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $232.4M $317.0M
YoY Change -26.68% 10.84%
Accrued Expenses $307.1M $361.0M
YoY Change -14.93% -8.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $24.00M $111.0M
YoY Change -78.38% -74.13%
Total Short-Term Liabilities $563.9M $796.0M
YoY Change -29.16% -28.67%
LONG-TERM LIABILITIES
Long-Term Debt $5.079B $4.464B
YoY Change 13.77% 18.28%
Other Long-Term Liabilities $205.1M $821.0M
YoY Change -75.02% -4.42%
Total Long-Term Liabilities $5.284B $5.285B
YoY Change -0.02% 14.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $563.9M $796.0M
Total Long-Term Liabilities $5.284B $5.285B
Total Liabilities $7.020B $6.829B
YoY Change 2.79% 3.09%
SHAREHOLDERS EQUITY
Retained Earnings -$259.0M
YoY Change
Common Stock $3.035B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $53.85M
YoY Change
Treasury Stock Shares
Shareholders Equity $2.711B $3.125B
YoY Change
Total Liabilities & Shareholders Equity $9.731B $9.954B
YoY Change -2.24% -1.94%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income -$72.21M -$435.5M
YoY Change -83.42% -6668.46%
Depreciation, Depletion And Amortization $118.8M $132.8M
YoY Change -10.54% 36.49%
Cash From Operating Activities $8.700M $40.30M
YoY Change -78.41% -82.33%
INVESTING ACTIVITIES
Capital Expenditures $114.5M -$109.2M
YoY Change -204.89% 48.98%
Acquisitions
YoY Change
Other Investing Activities $37.20M $0.00
YoY Change -100.0%
Cash From Investing Activities -$78.50M -$109.1M
YoY Change -28.05% -96.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -16.20M 463.5M
YoY Change -103.5% -83.72%
NET CHANGE
Cash From Operating Activities 8.700M 40.30M
Cash From Investing Activities -78.50M -109.1M
Cash From Financing Activities -16.20M 463.5M
Net Change In Cash -86.00M 394.7M
YoY Change -121.79% 2912.98%
FREE CASH FLOW
Cash From Operating Activities $8.700M $40.30M
Capital Expenditures $114.5M -$109.2M
Free Cash Flow -$105.8M $149.5M
YoY Change -170.8% -50.4%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Accounting Policies</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">There is no new accounting guidance that is expected to have a significant impact on the Company&#8217;s financial statements.</font></div></div>
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USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
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3438000 USD
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8174000 USD
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5642000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Proceeds From Contributions From Parent
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us-gaap Gains Losses On Extinguishment Of Debt
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USD
CY2013Q2 us-gaap Goodwill
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USD
CY2012Q2 us-gaap Goodwill Impairment Loss
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115791000 USD
us-gaap Goodwill Impairment Loss
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USD
us-gaap Goodwill Impairment Loss
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115791000 USD
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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-129819000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2013Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-80351000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Discontinued Operations Net Of Tax
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0.04
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0.04
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.10
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0.04
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.04
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.10
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.11
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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22869000 USD
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14248000 USD
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3909000 USD
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us-gaap Increase Decrease In Restricted Cash And Investments
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153500000 USD
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35221000 USD
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us-gaap Net Income Loss
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65000 USD
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268000 USD
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us-gaap Operating Expenses
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491000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
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2347000 USD
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us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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6512000 USD
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us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
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35000 USD
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1750000 USD
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us-gaap Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Payments For Legal Settlements
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us-gaap Payments Of Dividends
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us-gaap Payments To Acquire Investments
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us-gaap Payments To Acquire Investments
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us-gaap Payments To Acquire Property Plant And Equipment
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202073000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Royalty Interests In Mining Properties
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8634000 USD
us-gaap Payments To Acquire Royalty Interests In Mining Properties
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WeightedAverageNumberOfDilutedSharesOutstanding
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WorkersCompensationLiabilityNoncurrent
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WorkersCompensationLiabilityNoncurrent
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CY2012Q4 aci Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
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CY2013Q2 aci Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
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CY2013Q2 aci Accrued Expenses Derivatives And Other Liabilities Current
AccruedExpensesDerivativesAndOtherLiabilitiesCurrent
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CY2012Q4 aci Accrued Expenses Derivatives And Other Liabilities Current
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CY2013Q2 aci Changeinfairvalueofcoalderivativesandcoaltradingactivitiesnet
Changeinfairvalueofcoalderivativesandcoaltradingactivitiesnet
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aci Changeinfairvalueofcoalderivativesandcoaltradingactivitiesnet
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Changeinfairvalueofcoalderivativesandcoaltradingactivitiesnet
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CY2012Q2 aci Changeinfairvalueofcoalderivativesandcoaltradingactivitiesnet
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CY2013Q2 aci Coal Derivative Assets
CoalDerivativeAssets
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CY2012Q4 aci Coal Derivative Assets
CoalDerivativeAssets
22975000 USD
aci Coal Derivative Assets And Liabilities
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aci Coal Derivative Assets And Liabilities
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CY2013Q2 aci Coal Derivative Liabilities
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542000 USD
CY2012Q4 aci Coal Derivative Liabilities
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1737000 USD
CY2012Q4 aci Coal Supply Agreement Liability
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14038000 USD
CY2013Q2 aci Coal Supply Agreement Liability
CoalSupplyAgreementLiability
15550000 USD
CY2013Q2 aci Commitments For Future Development Financing For Equity Method Investees
CommitmentsForFutureDevelopmentFinancingForEquityMethodInvestees
58500000 USD
CY2011Q3 aci Damages And Interest Awarded
DamagesAndInterestAwarded
104100000 USD
CY2012Q2 aci Depreciationdepletionandamortizationproductionandnonproduction
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124536000 USD
CY2013Q2 aci Depreciationdepletionandamortizationproductionandnonproduction
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aci Depreciationdepletionandamortizationproductionandnonproduction
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aci Depreciationdepletionandamortizationproductionandnonproduction
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CY2013Q2 aci Effect Of Counterparty Netting In Derivative Assets
EffectOfCounterpartyNettingInDerivativeAssets
60598000 USD
CY2012Q4 aci Effect Of Counterparty Netting In Derivative Assets
EffectOfCounterpartyNettingInDerivativeAssets
22548000 USD
CY2012Q4 aci Effect Of Counterparty Netting In Derivative Liabilities
EffectOfCounterpartyNettingInDerivativeLiabilities
22548000 USD
CY2013Q2 aci Effect Of Counterparty Netting In Derivative Liabilities
EffectOfCounterpartyNettingInDerivativeLiabilities
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CY2013Q2 aci Income From Investment In Subsidiaries
IncomeFromInvestmentInSubsidiaries
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aci Income From Investment In Subsidiaries
IncomeFromInvestmentInSubsidiaries
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aci Income From Investment In Subsidiaries
IncomeFromInvestmentInSubsidiaries
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CY2012Q2 aci Income From Investment In Subsidiaries
IncomeFromInvestmentInSubsidiaries
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CY2013Q2 aci Investment In Subsidiaries
InvestmentInSubsidiaries
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CY2012Q4 aci Investment In Subsidiaries
InvestmentInSubsidiaries
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aci Net Proceeds From Commercial Paper And Net Borrowings On Lines Of Credit
NetProceedsFromCommercialPaperAndNetBorrowingsOnLinesOfCredit
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aci Net Proceeds From Commercial Paper And Net Borrowings On Lines Of Credit
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aci Number Of Mining Complexes Closed
NumberOfMiningComplexesClosed
4
aci Number Of Mining Complexes Temporarily Idled
NumberOfMiningComplexesTemporarilyIdled
1
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CY2007Q3 aci Purchase Replacement Coal
PurchaseReplacementCoal
100000000 USD
aci Purchases Of Investments Advances To Affiliates
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aci Purchases Of Investments Advances To Affiliates
PurchasesOfInvestmentsAdvancesToAffiliates
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aci Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001037676
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
0 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
ARCH COAL INC

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