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8-K
ARCH COAL INC filed this Form 8-K on 02/13/2018
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Arch Coal, Inc. and Subsidiaries

Reconciliation of NON-GAAP Measures

(In millions, except per ton data)

 

Included in the accompanying release, we have disclosed certain non-GAAP measures as defined by Regulation G. The following reconciles these items to the most directly comparable GAAP measure.

 

Non-GAAP Segment coal sales per ton sold

 

Non-GAAP Segment coal sales per ton sold is calculated as segment coal sales revenues divided by segment tons sold. Segment coal sales revenues are adjusted for transportation costs, and may be adjusted for other items that, due to generally accepted accounting principles, are classified in “other income” on the statement of operations, but relate to price protection on the sale of coal. Segment coal sales per ton sold is not a measure of financial performance in accordance with generally accepted accounting principles. We believe segment coal sales per ton sold provides useful information to investors as it better reflects our revenue for the quality of coal sold and our operating results by including all income from coal sales. The adjustments made to arrive at these measures are significant in understanding and assessing our financial condition. Therefore, segment coal sales revenues should not be considered in isolation, nor as an alternative to coal sales revenues under generally accepted accounting principles.

 

Quarter ended December 31, 2017
(In thousands)

 

Powder River
Basin

 

Metallurgical

 

Other Thermal

 

Idle and Other

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

GAAP Revenues in the consolidated statements of operations

 

$

244,191

 

$

195,661

 

$

109,100

 

$

11,292

 

$

560,244

 

Other revenues

 

 

 

 

 

 

Coal Sales

 

$

244,191

 

$

195,661

 

$

109,100

 

$

11,292

 

$

560,244

 

Less: Adjustments to reconcile to Non-GAAP Segment coal sales revenue

 

 

 

 

 

 

 

 

 

 

 

Coal risk management derivative settlements classified in “other income”

 

 

 

182

 

 

$

182

 

Coal sales revenues from idled or otherwise disposed operations not included in segments

 

 

 

 

11,291

 

11,291

 

Transportation costs

 

4,306

 

31,545

 

$

28,771

 

1

 

64,623

 

Non-GAAP Segment coal sales revenues

 

$

239,885

 

$

164,116

 

$

80,147

 

$

 

$

484,149

 

Tons sold

 

19,473

 

1,807

 

2,262

 

 

 

 

 

Coal sales per ton sold

 

$

12.32

 

$

90.82

 

$

35.43

 

 

 

 

 

 

Quarter ended September 30, 2017
(In thousands)

 

Powder River
Basin

 

Metallurgical

 

Other Thermal

 

Idle and Other

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

GAAP Revenues in the consolidated statements of operations

 

$

275,999

 

$

238,946

 

$

93,859

 

$

4,734

 

$

613,539

 

Other revenues

 

 

 

 

 

 

Coal Sales

 

$

275,999

 

$

238,946

 

$

93,859

 

$

4,734

 

$

613,539

 

Less: Adjustments to reconcile to Non-GAAP Segment coal sales revenue

 

 

 

 

 

 

 

 

 

 

 

Coal risk management derivative settlements classified in “other income”

 

 

 

19

 

 

$

19

 

Coal sales revenues from idled or otherwise disposed operations not included in segments

 

 

 

 

3,720

 

3,720

 

Transportation costs

 

4,291

 

42,170

 

$

12,239

 

1,014

 

59,714

 

Non-GAAP Segment coal sales revenues

 

$

271,708

 

$

196,776

 

$

81,602

 

$

 

$

550,086

 

Tons sold

 

21,713

 

2,221

 

2,326

 

 

 

 

 

Coal sales per ton sold

 

$

12.51

 

$

88.60

 

$

35.08

 

 

 

 

 

 

October 2 through December 31, 2016
(In thousands)

 

Powder River
Basin

 

Metallurgical

 

Other Thermal

 

Idle and Other

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

GAAP Revenues in the consolidated statements of operations

 

$

275,702

 

$

200,378

 

$

97,382

 

$

2,226

 

$

575,688

 

Other revenues

 

 

 

 

 

 

Coal Sales

 

$

275,702

 

$

200,378

 

$

97,382

 

$

2,226

 

$

575,688

 

Less: Adjustments to reconcile to Non-GAAP Segment coal sales revenue

 

 

 

 

 

 

 

 

 

 

 

Coal risk management derivative settlements classified in “other income”

 

 

 

(112

)

 

$

(112

)

Coal sales revenues from idled or otherwise disposed operations not included in segments

 

 

 

 

2,181

 

2,181

 

Transportation costs

 

4,825

 

40,171

 

$

12,130

 

45

 

57,171

 

Non-GAAP Segment coal sales revenues

 

$

270,877

 

$

160,207

 

$

85,364

 

$

 

$

516,448

 

Tons sold

 

21,824

 

2,442

 

2,510

 

 

 

 

 

Coal sales per ton sold

 

$

12.41

 

$

65.61

 

$

34.01

 

 

 

 

 

 

Year ended December 31, 2017
(In thousands)

 

Powder River
Basin

 

Metallurgical

 

Other Thermal

 

Idle and Other

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

GAAP Revenues in the consolidated statements of operations

 

$

1,024,197

 

$

887,839

 

$

396,504

 

$

16,083

 

$

2,324,623

 

Other revenues

 

 

 

 

 

 

Coal Sales

 

$

1,024,197

 

$

887,839

 

$

396,504

 

$

16,083

 

$

2,324,623

 

Less: Adjustments to reconcile to Non-GAAP Segment coal sales revenue

 

 

 

 

 

 

 

 

 

 

 

Coal risk management derivative settlements classified in “other income”

 

 

 

200

 

 

$

200

 

Coal sales revenues from idled or otherwise disposed operations not included in segments

 

 

 

 

15,061

 

15,061

 

Transportation costs

 

17,437

 

149,212

 

$

75,491

 

1,022

 

243,162

 

Non-GAAP Segment coal sales revenues

 

$

1,006,760

 

$

738,627

 

$

320,813

 

$

 

$

2,066,200

 

Tons sold

 

80,604

 

8,192

 

9,205

 

 

 

 

 

Coal sales per ton sold

 

$

12.49

 

$

90.17

 

$

34.85

 

 

 

 

 

 


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