2015 Q4 Form 10-K Financial Statement
#000162828017001690 Filed on February 24, 2017
Income Statement
| Concept | 2015 Q4 |
|---|---|
| Revenue | $563.2M |
| YoY Change | -24.42% |
| Cost Of Revenue | $537.7M |
| YoY Change | -11.94% |
| Gross Profit | -$44.96M |
| YoY Change | -239.36% |
| Gross Profit Margin | -7.98% |
| Selling, General & Admin | $26.20M |
| YoY Change | -2.96% |
| % of Gross Profit | |
| Research & Development | |
| YoY Change | |
| % of Gross Profit | |
| Depreciation & Amortization | $73.10M |
| YoY Change | -31.49% |
| % of Gross Profit | |
| Operating Expenses | $109.2M |
| YoY Change | -9.23% |
| Operating Profit | -$539.0M |
| YoY Change | 10064.68% |
| Interest Expense | -$98.50M |
| YoY Change | 0.0% |
| % of Operating Profit | |
| Other Income/Expense, Net | |
| YoY Change | |
| Pretax Income | -$654.4M |
| YoY Change | 543.46% |
| Income Tax | -$22.00M |
| % Of Pretax Income | |
| Net Earnings | -$632.4M |
| YoY Change | 163.34% |
| Net Earnings / Revenue | -112.28% |
| Basic Earnings Per Share | |
| Diluted Earnings Per Share | -$29.70 |
| COMMON SHARES | |
| Basic Shares Outstanding | 21.29M shares |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2015 Q4 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $651.0M |
| YoY Change | -33.79% |
| Cash & Equivalents | $450.8M |
| Short-Term Investments | $200.2M |
| Other Short-Term Assets | $39.87M |
| YoY Change | -26.87% |
| Inventory | $196.7M |
| Prepaid Expenses | |
| Receivables | $117.4M |
| Other Receivables | $19.00M |
| Total Short-Term Assets | $1.139B |
| YoY Change | -26.18% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $3.619B |
| YoY Change | -43.92% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | $201.9M |
| YoY Change | -14.4% |
| Other Assets | $58.38M |
| YoY Change | -55.39% |
| Total Long-Term Assets | $283.9M |
| YoY Change | -34.51% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $1.139B |
| Total Long-Term Assets | $283.9M |
| Total Assets | $5.042B |
| YoY Change | -40.19% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $128.1M |
| YoY Change | -28.86% |
| Accrued Expenses | $329.5M |
| YoY Change | 8.95% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | $5.042B |
| YoY Change | 13527.03% |
| Total Short-Term Liabilities | $5.500B |
| YoY Change | 958.91% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $30.95M |
| YoY Change | -99.4% |
| Other Long-Term Liabilities | $119.2M |
| YoY Change | -22.5% |
| Total Long-Term Liabilities | $150.1M |
| YoY Change | -97.16% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $5.500B |
| Total Long-Term Liabilities | $150.1M |
| Total Liabilities | $6.286B |
| YoY Change | -7.03% |
| SHAREHOLDERS EQUITY | |
| Retained Earnings | -$4.245B |
| YoY Change | 218.73% |
| Common Stock | $3.056B |
| YoY Change | 0.19% |
| Preferred Stock | |
| YoY Change | |
| Treasury Stock (at cost) | $53.86M |
| YoY Change | 0.0% |
| Treasury Stock Shares | 152.0K shares |
| Shareholders Equity | -$1.244B |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $5.042B |
| YoY Change | -40.19% |
Cashflow Statement
| Concept | 2015 Q4 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | -$632.4M |
| YoY Change | 163.34% |
| Depreciation, Depletion And Amortization | $73.10M |
| YoY Change | -31.49% |
| Cash From Operating Activities | $35.30M |
| YoY Change | -199.16% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$9.800M |
| YoY Change | -69.66% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | -$49.00M |
| YoY Change | -650.56% |
| Cash From Investing Activities | -$58.90M |
| YoY Change | 151.71% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | -20.40M |
| YoY Change | 655.56% |
| NET CHANGE | |
| Cash From Operating Activities | 35.30M |
| Cash From Investing Activities | -58.90M |
| Cash From Financing Activities | -20.40M |
| Net Change In Cash | -44.00M |
| YoY Change | -28.69% |
| FREE CASH FLOW | |
| Cash From Operating Activities | $35.30M |
| Capital Expenditures | -$9.800M |
| Free Cash Flow | $45.10M |
| YoY Change | -1466.67% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2016Q4 | aci |
Debtor Reorganization Items Paymentson Secured Debt
DebtorReorganizationItemsPaymentsonSecuredDebt
|
43496000 | USD |
| CY2016Q4 | aci |
Debtor Reorganization Items Paymentson Unsecured Debt
DebtorReorganizationItemsPaymentsonUnsecuredDebt
|
42399000 | USD |
| CY2016Q4 | aci |
Classof Warrantor Right Covenants Changein Ownership Common Stock Underlying Warrant Multiplier
ClassofWarrantorRightCovenantsChangeinOwnershipCommonStockUnderlyingWarrantMultiplier
|
0 | USD |
| CY2016Q4 | aci |
Classof Warrantor Right Covenants Changein Ownership Percentof Listed Common Stock Threshold
ClassofWarrantorRightCovenantsChangeinOwnershipPercentofListedCommonStockThreshold
|
0.9 | |
| CY2016Q4 | aci |
Classof Warrantor Right Exercised
ClassofWarrantorRightExercised
|
2871 | shares |
| CY2016Q4 | aci |
Debtor Reorganization Items Dischargeof Claimsand Liabilities Cancellationof Debt Income
DebtorReorganizationItemsDischargeofClaimsandLiabilitiesCancellationofDebtIncome
|
3353000000 | USD |
| CY2016Q4 | aci |
Debtor Reorganization Items Paymentsfor Adequate Protection
DebtorReorganizationItemsPaymentsforAdequateProtection
|
36331000 | USD |
| CY2016Q4 | aci |
Debtor Reorganization Items Paymentsfor Collateral Obligations
DebtorReorganizationItemsPaymentsforCollateralObligations
|
31665000 | USD |
| CY2016Q4 | aci |
Debtor Reorganization Items Paymentsfor Emergencefrom Bankruptcy
DebtorReorganizationItemsPaymentsforEmergencefromBankruptcy
|
199718000 | USD |
| CY2016Q4 | aci |
Debtor Reorganization Items Paymentsfor Professional Fees
DebtorReorganizationItemsPaymentsforProfessionalFees
|
31630000 | USD |
| CY2016Q4 | aci |
Debtor Reorganization Items Paymentsof Other Reorganization Costs
DebtorReorganizationItemsPaymentsofOtherReorganizationCosts
|
14197000 | USD |
| CY2016Q4 | aci |
Decreasein Operating Loss Carryforwards
DecreaseinOperatingLossCarryforwards
|
3015000000 | USD |
| CY2016Q4 | aci |
Decreasein Tax Basisof Assets
DecreaseinTaxBasisofAssets
|
3200000 | USD |
| CY2016Q4 | aci |
Deferred Tax Assets Additional Valuation Allowance
DeferredTaxAssetsAdditionalValuationAllowance
|
1185000000 | USD |
| CY2016Q4 | aci |
Defined Benefit Plan Net Amountof Plan Assets Due
DefinedBenefitPlanNetAmountofPlanAssetsDue
|
22170000 | USD |
| CY2016Q4 | aci |
Existing Shareholders Percentageof Voting Shares Upon Emergence Percent
ExistingShareholdersPercentageofVotingSharesUponEmergencePercent
|
0.50 | |
| CY2016Q4 | aci |
Fresh Start Accounting Adjustmentto Share Based Compensation Liability
FreshStartAccountingAdjustmenttoShareBasedCompensationLiability
|
3700000 | USD |
| CY2016 | aci |
Goods Sold During Year
GoodsSoldDuringYear
|
93900000 | |
| CY2016Q4 | aci |
Liabilities Subjectto Compromise Issuanceof Debt
LiabilitiesSubjecttoCompromiseIssuanceofDebt
|
-326500000 | USD |
| CY2016Q4 | aci |
Liabilities Subjectto Compromise Paymentsto Settle Claimsand Professional Fees
LiabilitiesSubjecttoCompromisePaymentstoSettleClaimsandProfessionalFees
|
-122525000 | USD |
| CY2016Q4 | aci |
Liabilities Subjectto Compromise Settlementof Additional Paidin Capital
LiabilitiesSubjecttoCompromiseSettlementofAdditionalPaidinCapital
|
-672411000 | USD |
| CY2016Q4 | aci |
Liabilities Subjectto Compromise Settlementof Common Stock
LiabilitiesSubjecttoCompromiseSettlementofCommonStock
|
-250000 | USD |
| CY2016Q4 | aci |
Liabilities Subjectto Compromise Settlementof Warrants
LiabilitiesSubjecttoCompromiseSettlementofWarrants
|
-14822000 | USD |
| CY2016 | aci |
Long Term Contracts Life Term Maximum
LongTermContractsLifeTermMaximum
|
P5Y | |
| CY2016 | aci |
Long Term Contracts Life Term Minimum
LongTermContractsLifeTermMinimum
|
P1Y | |
| CY2016Q4 | aci |
Operating Loss Carryforwardsand Tax Credit Carryforwards Limitationson Use Annual Amount
OperatingLossCarryforwardsandTaxCreditCarryforwardsLimitationsonUseAnnualAmount
|
29800000.0 | USD |
| CY2016 | aci |
Percentage Company Revenue
PercentageCompanyRevenue
|
0.62 | |
| CY2016 | aci |
Percentage Of Goods Sold Under Long Term Contract
PercentageOfGoodsSoldUnderLongTermContract
|
0.76 | |
| CY2016Q4 | aci |
Planof Reorganization Termsof Plan Holdersof Allowed Claims Amountof Cashto Settle Claim
PlanofReorganizationTermsofPlanHoldersofAllowedClaimsAmountofCashtoSettleClaim
|
30000000 | USD |
| CY2016Q4 | aci |
Planof Reorganization Termsof Plan Holdersof Allowed Claims Election Common Stock Total Equity Value
PlanofReorganizationTermsofPlanHoldersofAllowedClaimsElectionCommonStockTotalEquityValue
|
1425000000 | USD |
| CY2016Q4 | aci |
Planof Reorganization Termsof Plan Holdersof Allowed Claims Election Warrant Exercise Period
PlanofReorganizationTermsofPlanHoldersofAllowedClaimsElectionWarrantExercisePeriod
|
P7Y | |
| CY2016Q4 | aci |
Planof Reorganization Termsof Plan Holdersof Allowed Claims Percentageof Common Stock Outstanding Pursuantto Incentive Plan Upon Reorganization
PlanofReorganizationTermsofPlanHoldersofAllowedClaimsPercentageofCommonStockOutstandingPursuanttoIncentivePlanUponReorganization
|
0.1 | |
| CY2016Q4 | aci |
Planof Reorganization Termsof Plan Holdersof Allowed Claims Percentageof Common Stock Outstanding Upon Reorganization
PlanofReorganizationTermsofPlanHoldersofAllowedClaimsPercentageofCommonStockOutstandingUponReorganization
|
0.94 | |
| CY2016Q4 | aci |
Planof Reorganization Termsof Plan Holdersof Allowed Claims Pro Rata Amountof Cashto Settle Claim
PlanofReorganizationTermsofPlanHoldersofAllowedClaimsProRataAmountofCashtoSettleClaim
|
144800000.0 | USD |
| CY2016Q4 | aci |
Planof Reorganization Termsof Plan Other General Holders Pro Rata Amountof Cashto Settle Claim
PlanofReorganizationTermsofPlanOtherGeneralHoldersProRataAmountofCashtoSettleClaim
|
7364000 | USD |
| CY2016Q4 | aci |
Planof Reorganization Termsof Plan Other General Holders Professional Expenses Retainedby Claims Committee
PlanofReorganizationTermsofPlanOtherGeneralHoldersProfessionalExpensesRetainedbyClaimsCommittee
|
200000 | USD |
| CY2016Q4 | aci |
Planof Reorganization Termsof Plan Unsecured Note Holders Election Pro Rata Amountof Cashin Lieuof Warrants
PlanofReorganizationTermsofPlanUnsecuredNoteHoldersElectionProRataAmountofCashinLieuofWarrants
|
25000000 | USD |
| CY2016Q4 | us-gaap |
Capital Lease Obligations
CapitalLeaseObligations
|
0 | USD |
| CY2016Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
57 | |
| CY2016Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
57.00 | |
| CY2016Q4 | aci |
Planof Reorganization Termsof Plan Unsecured Note Holders Percentageof Common Stock Outstanding Upon Reorganization
PlanofReorganizationTermsofPlanUnsecuredNoteHoldersPercentageofCommonStockOutstandingUponReorganization
|
0.06 | |
| CY2016Q4 | aci |
Planof Reorganization Termsof Plan Unsecured Note Holders Pro Rata Amountof Cashto Settle Claim
PlanofReorganizationTermsofPlanUnsecuredNoteHoldersProRataAmountofCashtoSettleClaim
|
22636000 | USD |
| CY2016Q4 | aci |
Reorganization Value Minimum Cash Balance Assumption
ReorganizationValueMinimumCashBalanceAssumption
|
250000000 | USD |
| CY2016Q4 | aci |
Sharebased Compensation Arrangementby Sharebased Payment Award Typeof Awards Grantedin Period
SharebasedCompensationArrangementbySharebasedPaymentAwardTypeofAwardsGrantedinPeriod
|
3 | award |
| CY2016 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2016 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
| CY2016 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
| CY2016 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2016 | |
| CY2016 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2016-12-31 | |
| CY2016 | dei |
Document Type
DocumentType
|
10-K | |
| CY2016 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001037676 | |
| CY2017Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
25001819 | shares |
| CY2016 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2016 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
| CY2016Q2 | dei |
Entity Public Float
EntityPublicFloat
|
6400000 | USD |
| CY2016 | dei |
Entity Registrant Name
EntityRegistrantName
|
ARCH COAL INC | |
| CY2016 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
| CY2016 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | |
| CY2015Q4 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
|
184600000 | USD |
| CY2016Q4 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
|
47600000 | USD |
| CY2015Q4 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
|
15800000 | USD |
| CY2016Q4 | us-gaap |
Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
|
40400000 | USD |
| CY2015Q4 | us-gaap |
Capital Lease Obligations
CapitalLeaseObligations
|
40000000 | USD |
| CY2016Q4 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
|
1 | shares |
| CY2015Q4 | us-gaap |
Debt Current
DebtCurrent
|
5042353000 | USD |
| CY2015Q4 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
937100000 | USD |
| CY2016Q4 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
362900000 | USD |
| CY2016Q4 | us-gaap |
Debtor Reorganization Items Gain Loss On Settlement Of Other Claims Net1
DebtorReorganizationItemsGainLossOnSettlementOfOtherClaimsNet1
|
4142104000 | USD |
| CY2015Q4 | us-gaap |
Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
|
65600000 | USD |
| CY2016Q4 | us-gaap |
Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
|
1900000 | USD |
| CY2015Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
66300000 | USD |
| CY2016Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
5182000 | USD |
| CY2015Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
1135000000 | USD |
| CY2016Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
1022000000 | USD |
| CY2015Q4 | us-gaap |
Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
|
301300000 | USD |
| CY2016Q4 | us-gaap |
Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
|
313600000 | USD |
| us-gaap |
Defined Benefit Plan Curtailments
DefinedBenefitPlanCurtailments
|
3600000 | USD | |
| CY2016 | us-gaap |
Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation
|
11100000 | USD |
| CY2016 | us-gaap |
Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents
|
100000 | USD |
| CY2015Q4 | us-gaap |
Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
|
212392000 | USD |
| CY2016Q4 | us-gaap |
Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
|
274225000 | USD |
| CY2016 | us-gaap |
Defined Benefit Plan Health Care Cost Trend Rate Assumed For Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYear
|
0.067 | |
| CY2016Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
-100000 | USD |
| CY2016Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
-600000 | USD |
| CY2016Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
1100000 | USD |
| CY2016Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
10700000 | USD |
| CY2016Q4 | us-gaap |
Fresh Start Adjustment Increase Decrease Property And Equipment Net
FreshStartAdjustmentIncreaseDecreasePropertyAndEquipmentNet
|
-2400000000 | USD |
| CY2016 | us-gaap |
Defined Benefit Plan Ultimate Health Care Cost Trend Rate
DefinedBenefitPlanUltimateHealthCareCostTrendRate
|
0.045 | |
| CY2016Q4 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
33400000 | USD |
| CY2016Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
54300000 | USD |
| CY2016Q4 | us-gaap |
Fresh Start Adjustment Increase Decrease Property And Equipment Net
FreshStartAdjustmentIncreaseDecreasePropertyAndEquipmentNet
|
-2363829000 | USD |
| CY2015Q2 | us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
5600000 | USD |
| CY2016Q4 | us-gaap |
Insurance Settlements Receivable Current
InsuranceSettlementsReceivableCurrent
|
800000 | USD |
| CY2016Q4 | us-gaap |
Insurance Settlements Receivable Noncurrent
InsuranceSettlementsReceivableNoncurrent
|
18600000 | USD |
| CY2015Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
6000000 | USD |
| CY2016Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
0 | USD |
| CY2015Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
21300000 | USD |
| CY2016Q4 | us-gaap |
Liabilities Subject To Compromise
LiabilitiesSubjectToCompromise
|
5278612000 | USD |
| CY2016Q4 | us-gaap |
Liability For Future Policy Benefits Disability And Accident Benefits
LiabilityForFuturePolicyBenefitsDisabilityAndAccidentBenefits
|
19400000 | USD |
| CY2015Q4 | us-gaap |
Litigation Reserve
LitigationReserve
|
2800000 | USD |
| CY2016Q4 | us-gaap |
Litigation Reserve
LitigationReserve
|
2200000 | USD |
| CY2015Q4 | us-gaap |
Litigation Reserve Current
LitigationReserveCurrent
|
2800000 | USD |
| CY2016Q4 | us-gaap |
Litigation Reserve Current
LitigationReserveCurrent
|
2200000 | USD |
| CY2015Q4 | us-gaap |
Mineral Rights
MineralRights
|
2400000000 | USD |
| CY2016Q4 | us-gaap |
Mineral Rights
MineralRights
|
400000000 | USD |
| us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
19400000 | USD | |
| CY2016Q4 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
5000000 | USD |
| CY2014 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
42100000 | USD |
| CY2015 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
28400000 | USD |
| CY2016Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
931100000 | USD |
| CY2015Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
39866000 | USD |
| CY2016Q1 | us-gaap |
Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
|
2900000 | USD |
| CY2016Q4 | us-gaap |
Reorganization Value
ReorganizationValue
|
687500000 | USD |
| CY2016Q4 | us-gaap |
Reorganization Value Cash In Excess Of Normal Operating Needs
ReorganizationValueCashInExcessOfNormalOperatingNeeds
|
64000000 | USD |
| CY2015Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
5100000 | USD |
| us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
2600000000 | USD | |
| CY2015Q2 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
19100000 | USD |
| CY2015Q3 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
2100000000 | USD |
| CY2015Q4 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
488900000 | USD |
| us-gaap |
Royalty Expense
RoyaltyExpense
|
116400000 | USD | |
| CY2016Q4 | us-gaap |
Royalty Expense
RoyaltyExpense
|
45300000 | USD |
| CY2014 | us-gaap |
Royalty Expense
RoyaltyExpense
|
242500000 | USD |
| CY2015 | us-gaap |
Royalty Expense
RoyaltyExpense
|
227700000 | USD |
| us-gaap |
Severance Costs1
SeveranceCosts1
|
7200000 | USD | |
| us-gaap |
Trading Gains Losses
TradingGainsLosses
|
-900000 | USD | |
| CY2014 | us-gaap |
Trading Gains Losses
TradingGainsLosses
|
3200000 | USD |
| CY2015 | us-gaap |
Trading Gains Losses
TradingGainsLosses
|
5700000 | USD |
| CY2015Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
1700000 | USD |
| CY2016Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
500000 | USD |
| CY2016 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
|
2979000 | USD |
| CY2014 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
2920000 | USD |
| CY2015 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
4168000 | USD |
| CY2016 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
2709000 | USD |
| CY2016 | us-gaap |
Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
|
37110000 | USD |
| CY2016 | us-gaap |
Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
|
37100000 | USD |
| CY2013Q4 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
31789000 | USD |
| CY2014Q4 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
34709000 | USD |
| CY2015Q4 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
38877000 | USD |
| CY2016Q4 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
7455000 | USD |
| CY2016Q4 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
|
48000000 | USD |
| us-gaap |
Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
|
1600000 | USD | |
| CY2014 | us-gaap |
Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
|
36500000 | USD |
| CY2015 | us-gaap |
Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
|
52900000 | USD |
| CY2016Q4 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-1289000000 | USD |
| CY2015 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
865100000 | USD |
| CY2016 | us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Recently Adopted Accounting Guidance</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;">In April 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-03 (“ASU 2015-03”), Simplifying the Presentation of Debt Issuance Costs. ASU 2015-03 required debt issuance costs related to a recognized liability to be presented in the balance sheet as a direct reduction from the carrying amount of that liability, consistent with debt discounts. The Company adopted ASU 2015-03 in the first quarter of 2016 as mandated by the standard. The following reflects the retrospective application:</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:24px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:68.75%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:52%;" rowspan="1" colspan="1"></td><td style="width:28%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:18%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">December 31, 2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other current assets, prior to revision</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104,723</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revision of debt issuance costs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(64,857</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other current assets, as revised</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">39,866</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current maturities of debt, prior to revision</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,107,210</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revision of debt issuance costs</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(64,857</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current maturities of debt, as revised</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,042,353</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><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;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Effective December 31, 2016, the Company adopted ASU No. 2014-15 (“ASU 2014-15”), Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern. ASU 2014-15 requires management to evaluate for each annual and interim reporting period whether conditions or events give rise to substantial doubt that an entity has the ability to continue as a going concern within one year following issuance of the financial statements and requires specific disclosures regarding the conditions or events leading to substantial doubt. The adoption of ASU 2014-15 did not have any impact on the Company’s financial position or results of operations.</font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Effective December 31, 2016, the Company adopted the Accounting Standards Update No. 2015-17 (“ASU 2015-17”), Balance Sheet Classification of Deferred Taxes which requires that all deferred tax assets and liabilities, along with any related valuation allowance be classified as noncurrent on the balance sheet. The standard has been applied on a retrospective basis. The adoption of ASU 2015-17 did not have any impact on the Company’s financial position or results of operations.</font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investments at fair value include investments in funds, including certain money market funds, that are measured at net asset value (“NAV”). The Company uses NAV to measure the fair value of its fund investments when (i) the fund investment does not have a readily determinable fair value and (ii) the NAV of the investment fund is calculated in a manner consistent with the measurement principles of investment company accounting, including measurement of the underlying investments at fair value. The Company adopted ASU No. 2015-07 in January 2016, and, as required, disclosures in the paragraphs and tables below are limited to only those investments in funds that are measured at NAV. In accordance with ASU No. 2015-07, previously reported amounts have been conformed to the current presentation.</font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Recent Accounting Guidance Issued Not Yet Effective</font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 is a comprehensive revenue recognition standard that will supersede nearly all existing revenue recognition guidance under current U.S. GAAP and replace it with a principle based approach for determining revenue recognition. ASU 2014-09 will require that companies recognize revenue based on the value of transferred goods or services as they occur in the contract. The ASU also will require additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. ASU 2014-09 is effective for interim and annual periods beginning after December 15, 2017. Early adoption is permitted only in annual reporting periods beginning after December 15, 2016, including interim periods therein. Entities will be able to transition to the standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. The Company’s primary source of revenue is from the sale of coal through both short-term and long-term contracts with utilities, industrial customers and steel producers whereby revenue is currently recognized when risk of loss has passed to the customer. Upon adoption of this new standard, the Company believes that the timing of revenue recognition related to our coal sales will remain consistent with our current practice. The Company is currently evaluating other revenue streams to determine the potential impact related to the adoption of the standard, as well as potential disclosures required by the standard. The Company will be adopting the standard under the modified retrospective approach.</font></div><div style="line-height:120%;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU No. 2016-02, “Leases” which, for operating leases, requires a lessee to recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments, in its balance sheet. The standard also requires a lessee to recognize a single lease cost, calculated so that the cost of the lease is allocated over the term of the lease, on a generally straight line basis. The ASU is effective for public companies for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years; early adoption is permitted. The Company has both operating and capital leases. We expect the adoption of this standard to result in the recognition of right-of-use assets and lease liabilities not currently recorded on the Company’s financial statements. The Company is currently in the process of accumulating all contractual lease arrangements in order to determine the impact on its financial statements.</font></div><div style="line-height:120%;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In October 2016, the FASB issued ASU No. 2016-18, “Statement of Cash Flows-Restricted Cash.” The amendment requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning period and end of period total amounts shown on the statement of cash flows. ASU 2016-18 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years; early adoption is permitted.</font></div></div> | |
| CY2016 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;padding-left:24px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Accounting Estimates </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;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and revenues and expenses in the accompanying consolidated financial statements and the disclosure of contingent assets and liabilities. Actual results could differ from those estimates. </font></div></div> |
