Annual report pursuant to Section 13 and 15(d)

Statements Of Condensed Consolidated Cash Flows

v3.3.1.900
Statements Of Condensed Consolidated Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES      
Net income (loss) $ (748.4) $ (8,311.6) $ 361.8
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:      
Depreciation, depletion and amortization 134.0 504.0 593.3
Impairment of goodwill and other long-lived assets 76.6 9,029.9 250.8
Equity loss in ventures (net of tax) (0.1) 9.9 74.4
Deferred income taxes 159.8 (1,153.9) (138.1)
Changes in deferred revenue and below-market sales contracts (42.6) (18.0) (52.8)
Gain on extinguishment of debt (392.9) (16.2) 0.0
Loss on deconsolidation, net of cash deconsolidated 668.3 0.0 0.0
Loss (gain) on sale of North American Coal mines (9.3) 419.6 0.0
Other 113.1 (21.5) (3.3)
Changes in operating assets and liabilities:      
Receivables and other assets 369.1 (82.8) 138.8
Product inventories (62.0) 37.8 30.8
Payables and accrued expenses (227.7) (38.3) (109.8)
Net cash provided by operating activities 37.9 358.9 1,145.9
INVESTING ACTIVITIES      
Purchase of property, plant and equipment (80.8) (284.1) (861.6)
Investments in DIP and prepetition financing (14.0) 0.0 0.0
Proceeds (uses) from sale of North American Coal mines (15.2) 155.0 0.0
Other investing activities 6.8 25.5 50.3
Net cash used in investing activities (103.2) (103.6) (811.3)
FINANCING ACTIVITIES      
Net proceeds from issuance of Series A, Mandatory Convertible Preferred Stock, Class A 0.0 0.0 709.4
Net proceeds from issuance of common shares 0.0 0.0 285.3
Proceeds from first lien notes offering 503.5 0.0 0.0
Debt issuance costs (33.6) (9.0) 0.0
Repayment of term loan 0.0 0.0 (847.1)
Borrowings under credit facilities 309.8 1,219.5 670.5
Repayment under credit facilities (309.8) (1,219.5) (995.5)
Proceeds from equipment loans 0.0 0.0 164.8
Repayments of equipment loans (45.4) (20.9) (3.0)
Repurchase of debt (225.9) (28.8) 0.0
Contributions (to)/by joint ventures, net 0.1 (25.7) 23.3
Distributions of partnership equity (40.6) 0.0 0.0
Common stock dividends 0.0 (92.5) (91.9)
Preferred stock dividends (51.2) (51.2) (35.7)
Other financing activities (45.9) (60.2) (52.0)
Net cash provided by (used in) financing activities 61.0 (288.3) (171.9)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (1.4) (11.6) (22.4)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (5.7) (44.6) 140.3
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 290.9 335.5 195.2
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 285.2 $ 290.9 $ 335.5