10-Q Filing

WALTER ENERGY, INC. CIK: 837173 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0000837173-15-000022`
Period End Date	20150331
Filing Date	20150505
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	wlt-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 34 Cash Flow Statement 60 Stockholders Equity 11 Comprehensive Income 16

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value per share (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value per share (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$468.53M	USD	Point-in-time
Preferred stock, Authorized shares	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$434.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$260.82M	USD	Point-in-time
Preferred stock, Authorized shares	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$404.71M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$89.50M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$91.06M	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value per share (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value per share (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other receivables	`OtherReceivablesGrossCurrent`	$126.25M	USD	Point-in-time
Other receivables	`OtherReceivablesGrossCurrent`	$127.04M	USD	Point-in-time
Inventories	`InventoryNet`	$201.60M	USD	Point-in-time
Inventories	`InventoryNet`	$172.34M	USD	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$16.82M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$16.82M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	80.72M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	71.98M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$40.16M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$46.19M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$9.29M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.97M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$960.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$888.73M	USD	Point-in-time
Mineral interests, net	`MineralPropertiesNet`	$2.82B	USD	Point-in-time
Mineral interests, net	`MineralPropertiesNet`	$2.84B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.42B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.47B	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$67.75M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$69.92M	USD	Point-in-time
Total assets	`Assets`	$5.20B	USD	Point-in-time
Total assets	`Assets`	$5.33B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$38.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$47.55M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$125.32M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$155.65M	USD	Point-in-time
Pension and other postretirement benefits obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesCurrent`	$29.03M	USD	Point-in-time
Pension and other postretirement benefits obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesCurrent`	$29.41M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$215.95M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$213.60M	USD	Point-in-time
Current debt	`DebtCurrent`	$3.02B	USD	Point-in-time
Current debt	`DebtCurrent`	$12.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.46B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$421.61M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	-	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$3.07B	USD	Point-in-time
Pension and other postretirement benefits obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$641.23M	USD	Point-in-time
Pension and other postretirement benefits obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$643.45M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$730.68M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$704.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$187.38M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$195.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.01B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.05B	USD	Point-in-time
Preferred stock, $0.01 par value per share: Authorized20,000,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value per share: Authorized20,000,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value per share: Authorized200,000,000 shares; issued 80,723,701 and 71,978,113 shares, respectively	`CommonStockValue`	$720.00K	USD	Point-in-time
Common stock, $0.01 par value per share: Authorized200,000,000 shares; issued 80,723,701 and 71,978,113 shares, respectively	`CommonStockValue`	$807.00K	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$1.67B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$1.68B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.25B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.17B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-218.05M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-232.67M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$281.58M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$197.15M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.33B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.20B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$405.23M	USD	1 Quarter
Sales	`SalesRevenueNet`	$285.65M	USD	1 Quarter
Miscellaneous income	`OtherOperatingIncomeExpenseNet`	$5.28M	USD	1 Quarter
Miscellaneous income	`OtherOperatingIncomeExpenseNet`	$8.66M	USD	1 Quarter
Total revenues	`Revenues`	$290.93M	USD	1 Quarter
Total revenues	`Revenues`	$413.88M	USD	1 Quarter
Cost of sales (exclusive of depreciation and depletion)	`CostOfCoalProductsAndServices`	$349.88M	USD	1 Quarter
Cost of sales (exclusive of depreciation and depletion)	`CostOfCoalProductsAndServices`	$284.69M	USD	1 Quarter
Depreciation and depletion	`DepreciationAndAmortization`	$76.42M	USD	1 Quarter
Depreciation and depletion	`DepreciationAndAmortization`	$59.18M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$21.06M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$20.78M	USD	1 Quarter
Other postretirement benefits	`OtherPostretirementBenefitExpense`	$13.87M	USD	1 Quarter
Other postretirement benefits	`OtherPostretirementBenefitExpense`	$12.33M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$460.95M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$377.27M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-86.34M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-47.06M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-78.24M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-65.43M	USD	1 Quarter
Gain (loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$58.63M	USD	1 Quarter
Gain (loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-13.89M	USD	1 Quarter
Other loss	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other loss	`OtherNonoperatingIncomeExpense`	$-1.76M	USD	1 Quarter
Loss before income tax benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-128.14M	USD	1 Quarter
Loss before income tax benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-105.95M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-35.96M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-25.76M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-92.18M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-80.20M	USD	1 Quarter
Basic and diluted net loss per share (in usd per share)	`EarningsPerShareBasicAndDiluted`	$-1.47	USD	1 Quarter
Basic and diluted net loss per share (in usd per share)	`EarningsPerShareBasicAndDiluted`	$-1.08	USD	1 Quarter
Dividends per share (in usd per share)	`CommonStockDividendsPerShareCashPaid`	-	USD	1 Quarter
Dividends per share (in usd per share)	`CommonStockDividendsPerShareCashPaid`	$0.01	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-92.18M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-80.20M	USD	1 Quarter
Depreciation and depletion	`DepreciationAndAmortization`	$76.42M	USD	1 Quarter
Depreciation and depletion	`DepreciationAndAmortization`	$59.18M	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-33.37M	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-25.60M	USD	1 Quarter
Amortization of debt issuance costs and debt discount, net	`AmortizationOfFinancingCosts`	$3.55M	USD	1 Quarter
Amortization of debt issuance costs and debt discount, net	`AmortizationOfFinancingCosts`	$4.60M	USD	1 Quarter
(Gain) loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$58.63M	USD	1 Quarter
(Gain) loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-13.89M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-18.83M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-6.85M	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$-1.48M	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$-21.99M	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-4.84M	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-783.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-3.94M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-21.91M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-9.73M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.24M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-25.25M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$9.32M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$27.03M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$44.34M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-14.11M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$16.89M	USD	1 Quarter
Cash flows provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$35.39M	USD	1 Quarter
Cash flows provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.90M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.28M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.37M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.33M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$151.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-356.00K	USD	1 Quarter
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.68M	USD	1 Quarter
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.43M	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfSecuredDebt`	$553.00M	USD	1 Quarter
Retirements of debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$3.50M	USD	1 Quarter
Retirements of debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$409.92M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$626.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	-	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$20.34M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-60.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-166.00K	USD	1 Quarter
Cash flows provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$121.94M	USD	1 Quarter
Cash flows provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.56M	USD	1 Quarter
Effect of foreign exchange rates on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.00M	USD	1 Quarter
Effect of foreign exchange rates on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.69M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$143.90M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-33.83M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$468.53M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$434.71M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$260.82M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$404.71M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$468.53M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$434.71M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$260.82M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$404.71M	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$281.58M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$197.15M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-92.18M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-80.20M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-14.63M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$7.36M	USD	1 Quarter
Stock based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.44M	USD	1 Quarter
Issuance of common stock in connection with the extinguishment of debt	`StockIssuedDuringPeriodInConnectionWithExtinguishmentOfDebt`	$7.01M	USD	1 Quarter
Other	`StockholdersEquityOther`	$57.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$281.58M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$197.15M	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Change in pension and postretirement benefit plans (net of tax: $2,442 and $2,168, respectively)	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	$-2.44M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-92.18M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-80.20M	USD	1 Quarter
Change in pension and postretirement benefit plans (net of tax: $2,442 and $2,168, respectively)	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	$-2.17M	USD	1 Quarter
Change in unrealized gain on hedges (net of tax: $1,304)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$1.30M	USD	1 Quarter
Change in unrealized gain on hedges (net of tax: $1,304)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	-	USD	1 Quarter
Change in pension and postretirement benefit plans (net of tax: $2,442 and $2,168, respectively)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-3.52M	USD	1 Quarter
Change in pension and postretirement benefit plans (net of tax: $2,442 and $2,168, respectively)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-3.70M	USD	1 Quarter
Change in unrealized gain on hedges (net of tax: $1,304)	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$1.68M	USD	1 Quarter
Change in unrealized gain on hedges (net of tax: $1,304)	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.16M	USD	1 Quarter
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-18.32M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-14.63M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$7.36M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-94.82M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-84.82M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.