10-Q Filing

WALTER ENERGY, INC. CIK: 837173 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001047469-12-005537`
Period End Date	20120331
Filing Date	20120508
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	wlt-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 37 Cash Flow Statement 54 Stockholders Equity 12 Comprehensive Income 1

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Mineral interests, accumulated depletion (in dollars)	`MineralPropertiesAccumulatedDepletion`	$108.80M	USD	Point-in-time
Mineral interests, accumulated depletion (in dollars)	`MineralPropertiesAccumulatedDepletion`	$84.20M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation (in dollars)	`PropertyPlantAndEquipmentOtherAccumulatedDepreciation`	$614.60M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation (in dollars)	`PropertyPlantAndEquipmentOtherAccumulatedDepreciation`	$662.00M	USD	Point-in-time
Common stock, par value per share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value per share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	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
Common stock, Issued shares	`CommonStockSharesIssued`	62.44M	shares	Point-in-time
Common stock, Issued shares	`CommonStockSharesIssued`	62.48M	shares	Point-in-time
Preferred stock, par value per share (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value per share (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$138.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$93.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$293.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$128.43M	USD	Point-in-time
Preferred stock, Authorized shares	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$293.67M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$313.34M	USD	Point-in-time
Preferred stock, Authorized shares	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, Issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$309.74M	USD	Point-in-time
Preferred stock, Issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$240.44M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$58.89M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$61.08M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$44.23M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$49.97M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$39.24M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$45.65M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$838.91M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$883.98M	USD	Point-in-time
Mineral interests, net of accumulated depletion of $108.8 million and $84.2 million, respectively	`MineralPropertiesNet`	$3.03B	USD	Point-in-time
Mineral interests, net of accumulated depletion of $108.8 million and $84.2 million, respectively	`MineralPropertiesNet`	$3.06B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $662.0 million and $614.6 million, respectively	`PropertyPlantAndEquipmentNet`	$1.63B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $662.0 million and $614.6 million, respectively	`PropertyPlantAndEquipmentNet`	$1.68B	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$109.30M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$109.87M	USD	Point-in-time
Goodwill	`Goodwill`	$1.07B	USD	Point-in-time
Goodwill	`Goodwill`	$1.07B	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$153.95M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$138.08M	USD	Point-in-time
Total assets	`Assets`	$6.91B	USD	Point-in-time
Total assets	`Assets`	$6.86B	USD	Point-in-time
Current debt	`DebtCurrent`	$69.14M	USD	Point-in-time
Current debt	`DebtCurrent`	$56.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$125.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$112.66M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$194.48M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$229.07M	USD	Point-in-time
Accumulated postretirement benefits obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesCurrent`	$27.25M	USD	Point-in-time
Accumulated postretirement benefits obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesCurrent`	$27.71M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$63.76M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$55.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$489.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$472.78M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$2.31B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$2.27B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.02B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.03B	USD	Point-in-time
Accumulated postretirement benefits obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$550.67M	USD	Point-in-time
Accumulated postretirement benefits obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$553.86M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$381.54M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$379.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.74B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.72B	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value per share: Authorized-200,000,000 shares, Issued-62,481,923 and 62,444,905 shares, respectively	`CommonStockValue`	$624.00K	USD	Point-in-time
Common stock, $0.01 par value per share: Authorized-200,000,000 shares, Issued-62,481,923 and 62,444,905 shares, respectively	`CommonStockValue`	$625.00K	USD	Point-in-time
Preferred stock, $0.01 par value per share: Authorized-20,000,000 shares, issued-0 shares	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value per share: Authorized-20,000,000 shares, issued-0 shares	`PreferredStockValue`	-	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$1.62B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$1.62B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$777.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$744.94M	USD	Point-in-time
Pension and other postretirement benefit plans, net of tax	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$221.64M	USD	Point-in-time
Pension and other postretirement benefit plans, net of tax	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$225.54M	USD	Point-in-time
Foreign currency translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-3.28M	USD	Point-in-time
Foreign currency translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-857.00K	USD	Point-in-time
Unrealized loss on hedges, net of tax	`AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax`	$-787.00K	USD	Point-in-time
Unrealized loss on hedges, net of tax	`AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax`	$-2.07M	USD	Point-in-time
Unrealized investment gain (loss), net of tax	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$128.00K	USD	Point-in-time
Unrealized investment gain (loss), net of tax	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-241.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.14B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.18B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.86B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.91B	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$406.57M	USD	1 Quarter
Sales	`SalesRevenueNet`	$627.30M	USD	1 Quarter
Miscellaneous income	`OtherOperatingIncome`	$4.26M	USD	1 Quarter
Miscellaneous income	`OtherOperatingIncome`	$2.16M	USD	1 Quarter
Total revenues	`Revenues`	$631.56M	USD	1 Quarter
Total revenues	`Revenues`	$408.73M	USD	1 Quarter
Cost of sales (exclusive of depreciation and depletion)	`CostOfGoodsAndServicesSoldExcludingDepreciation`	$218.46M	USD	1 Quarter
Cost of sales (exclusive of depreciation and depletion)	`CostOfGoodsAndServicesSoldExcludingDepreciation`	$431.53M	USD	1 Quarter
Depreciation and depletion	`DepreciationAndDepletion`	$66.49M	USD	1 Quarter
Depreciation and depletion	`DepreciationAndDepletion`	$28.36M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$31.88M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$36.25M	USD	1 Quarter
Postretirement benefits	`OtherPostretirementBenefitExpense`	$10.27M	USD	1 Quarter
Postretirement benefits	`OtherPostretirementBenefitExpense`	$13.21M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$288.97M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$547.49M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$119.77M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$84.08M	USD	1 Quarter
Interest expense	`InterestExpense`	$28.07M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.56M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$277.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$156.00K	USD	1 Quarter
Other loss	`OtherNonoperatingIncome`	$-6.99M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$49.29M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$116.37M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$34.55M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$8.68M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$81.81M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$40.62M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.65	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.54	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.65	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.53	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$94.47M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$45.28M	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$81.81M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$40.62M	USD	1 Quarter
Depreciation and depletion	`DepreciationAndDepletion`	$66.49M	USD	1 Quarter
Depreciation and depletion	`DepreciationAndDepletion`	$28.36M	USD	1 Quarter
Deferred income tax credit	`DeferredIncomeTaxExpenseBenefit`	$-10.89M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$3.64M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$786.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-8.76M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-3.17M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$1.75M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-16.89M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.19M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$63.19M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-6.49M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-5.46M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$37.60M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.44M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$33.91M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-34.52M	USD	1 Quarter
Cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$148.53M	USD	1 Quarter
Cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$70.85M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$120.84M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$44.29M	USD	1 Quarter
Investment in Western Coal Corp.	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$293.68M	USD	1 Quarter
Proceeds from sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$12.23M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$85.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-211.00K	USD	1 Quarter
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-337.76M	USD	1 Quarter
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-108.70M	USD	1 Quarter
Borrowings under revolving credit agreement	`ProceedsFromLongTermLinesOfCredit`	$135.29M	USD	1 Quarter
Repayments on revolving credit agreement	`RepaymentsOfLongTermLinesOfCredit`	$70.16M	USD	1 Quarter
Retirements of debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$9.18M	USD	1 Quarter
Retirements of debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$7.20M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$7.81M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$6.64M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$2.34M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-624.00K	USD	1 Quarter
Cash flows provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$47.53M	USD	1 Quarter
Cash flows provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-11.51M	USD	1 Quarter
Effect of foreign exchange rates on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$87.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-200.74M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.77M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$138.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$93.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$293.41M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$128.43M	USD	Point-in-time
Add: Cash and cash equivalents of discontinued operations at beginning of period	`DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents`	$535.00K	USD	Point-in-time
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-200.74M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.77M	USD	1 Quarter
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$138.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$93.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$293.41M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$128.43M	USD	Point-in-time
Less: Cash and cash equivalents of discontinued operations at end of year	`DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents`	$535.00K	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$2.14B	USD	Point-in-time
Balance	`StockholdersEquity`	$2.18B	USD	Point-in-time
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$81.81M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$40.62M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$4.67M	USD	1 Quarter
Stock issued upon the exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$120.00K	USD	1 Quarter
Dividends paid, $0.125 per share	`DividendsCommonStockCash`	$7.81M	USD	1 Quarter
Stock based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$947.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation arrangements	`TaxBenefitFromStockOptionsExercised`	$-783.00K	USD	1 Quarter
Other	`StockholdersEquityOther`	$646.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$2.14B	USD	Point-in-time
Balance	`StockholdersEquity`	$2.18B	USD	Point-in-time

Comprehensive Income 1 line items

Line Item	Tag	Value	Unit	Period
Dividends paid (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.12	USD	1 Quarter

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