10-Q Filing

PATRIOT COAL CORP CIK: 1376812 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-124087`
Period End Date	20110331
Filing Date	20110503
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	pcx-20110331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 41 Cash Flow Statement 68

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Net allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$141.00K	USD	Point-in-time
Net allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$141.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$241.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$193.07M	USD	Point-in-time
Accounts receivable and other, net of allowance for doubtful accounts of $141 as of March 31, 2011 and December 31, 2010	`ReceivablesNetCurrent`	$196.37M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable and other, net of allowance for doubtful accounts of $141 as of March 31, 2011 and December 31, 2010	`ReceivablesNetCurrent`	$207.37M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$97.97M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Inventories	`InventoryNet`	$100.84M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	90.94M	shares	Point-in-time
Prepaid expenses and other current assets	`OtherAssetsCurrent`	$28.65M	USD	Point-in-time
Prepaid expenses and other current assets	`OtherAssetsCurrent`	$41.73M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	91.29M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$580.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$527.05M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	91.29M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	90.94M	shares	Point-in-time
Land and coal interests	`Land`	$2.88B	USD	Point-in-time
Land and coal interests	`Land`	$2.87B	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$439.28M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$439.33M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$703.52M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$679.43M	USD	Point-in-time
Less accumulated depreciation, depletion and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$828.40M	USD	Point-in-time
Less accumulated depreciation, depletion and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$869.12M	USD	Point-in-time
Property, plant, equipment and mine development, net	`PropertyPlantAndEquipmentNet`	$3.16B	USD	Point-in-time
Property, plant, equipment and mine development, net	`PropertyPlantAndEquipmentNet`	$3.15B	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetNoncurrent`	$69.54M	USD	Point-in-time
Investments and other assets	`OtherAssetsNoncurrent`	$52.91M	USD	Point-in-time
Investments and other assets	`OtherAssetsNoncurrent`	$66.35M	USD	Point-in-time
Total assets	`Assets`	$3.81B	USD	Point-in-time
Total assets	`Assets`	$3.80B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$407.84M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$409.28M	USD	Point-in-time
Below market sales contracts acquired	`BelowMarketSalesContractsAcquired`	$70.92M	USD	Point-in-time
Below market sales contracts acquired	`BelowMarketSalesContractsAcquired`	$60.68M	USD	Point-in-time
Current portion of debt	`DebtCurrent`	$3.35M	USD	Point-in-time
Current portion of debt	`DebtCurrent`	$3.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$483.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$471.87M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$452.21M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$451.53M	USD	Point-in-time
Reclamation and remediation obligations	`ReclamationAndRemediationObligations`	$349.79M	USD	Point-in-time
Reclamation and remediation obligations	`ReclamationAndRemediationObligations`	$357.21M	USD	Point-in-time
Workers' compensation obligations	`WorkersCompensationLiabilityNoncurrent`	$223.21M	USD	Point-in-time
Workers' compensation obligations	`WorkersCompensationLiabilityNoncurrent`	$220.76M	USD	Point-in-time
Accrued postretirement benefit costs	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$1.27B	USD	Point-in-time
Accrued postretirement benefit costs	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$1.27B	USD	Point-in-time
Obligation to industry fund	`ObligationToIndustryFund`	$38.98M	USD	Point-in-time
Obligation to industry fund	`ObligationToIndustryFund`	$38.14M	USD	Point-in-time
Below market sales contracts acquired, noncurrent	`BelowMarketSalesContractsAcquiredNoncurrent`	$92.25M	USD	Point-in-time
Below market sales contracts acquired, noncurrent	`BelowMarketSalesContractsAcquiredNoncurrent`	$79.20M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$57.44M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$60.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.97B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.95B	USD	Point-in-time
Common stock ($0.01 par value; 300,000,000 shares authorized; 91,290,149 and 90,944,595 shares issued and outstanding at March 31, 2011 and December 31, 2010, respectively)	`CommonStockValue`	$913.00K	USD	Point-in-time
Common stock ($0.01 par value; 300,000,000 shares authorized; 91,290,149 and 90,944,595 shares issued and outstanding at March 31, 2011 and December 31, 2010, respectively)	`CommonStockValue`	$909.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$961.28M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$965.05M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$188.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$173.29M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-307.69M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-295.21M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$844.04M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$843.08M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.80B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.81B	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Sales	`CoalProductsAndServicesRevenue`	$570.38M	USD	1 Quarter
Sales	`CoalProductsAndServicesRevenue`	$464.21M	USD	1 Quarter
Other revenues	`OtherSalesRevenueNet`	$3.05M	USD	1 Quarter
Other revenues	`OtherSalesRevenueNet`	$6.65M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$467.26M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$577.02M	USD	1 Quarter
Operating costs and expenses	`CostOfCoalProductsAndServices`	$433.49M	USD	1 Quarter
Operating costs and expenses	`CostOfCoalProductsAndServices`	$515.99M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$44.70M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$49.61M	USD	1 Quarter
Reclamation and remediation obligation expense	`ReclamationAndRemediationObligationExpense`	$10.85M	USD	1 Quarter
Reclamation and remediation obligation expense	`ReclamationAndRemediationObligationExpense`	$14.45M	USD	1 Quarter
Sales contract accretion	`AccretionExpense`	$-25.31M	USD	1 Quarter
Sales contract accretion	`AccretionExpense`	$-18.61M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$12.77M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$12.54M	USD	1 Quarter
Net gain on disposal or exchange of assets	`GainLossOnDispositionOfProperty`	$43.00K	USD	1 Quarter
Net gain on disposal or exchange of assets	`GainLossOnDispositionOfProperty`	$23.80M	USD	1 Quarter
Loss (income) from equity affiliates	`IncomeLossFromEquityMethodInvestments`	$448.00K	USD	1 Quarter
Loss (income) from equity affiliates	`IncomeLossFromEquityMethodInvestments`	$-78.00K	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$7.91M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$10.09M	USD	1 Quarter
Interest expense and other	`InterestExpenseOther`	$9.03M	USD	1 Quarter
Interest expense and other	`InterestExpenseOther`	$22.86M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$46.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$3.44M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-14.90M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.50M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$235.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$395.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-15.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$4.26M	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	90.84M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	91.28M	shares	1 Quarter
Effect of dilutive securities	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	1.33M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	92.17M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	91.28M	shares	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.17	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.17	USD	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-15.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$4.26M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$44.70M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$49.61M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.81M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.01M	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$2.07M	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$2.31M	USD	1 Quarter
Sales contract accretion	`AccretionExpense`	$-25.31M	USD	1 Quarter
Sales contract accretion	`AccretionExpense`	$-18.61M	USD	1 Quarter
Loss on early repayment of note receivable	`GainLossOnSaleOfNotesReceivable`	$-5.87M	USD	1 Quarter
Net gain on disposal or exchange of assets	`GainLossOnDispositionOfProperty`	$43.00K	USD	1 Quarter
Net gain on disposal or exchange of assets	`GainLossOnDispositionOfProperty`	$23.80M	USD	1 Quarter
Loss (income) from equity affiliates	`IncomeLossFromEquityMethodInvestments`	$448.00K	USD	1 Quarter
Loss (income) from equity affiliates	`IncomeLossFromEquityMethodInvestments`	$-78.00K	USD	1 Quarter
Distribution from equity affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$1.26M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.46M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.81M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$41.01M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-31.72M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.87M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$14.33M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.34M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$9.28M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.51M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.98M	USD	1 Quarter
Interest on notes receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$3.41M	USD	1 Quarter
Reclamation and remediation obligations	`IncreaseDecreaseInReclamationAndRemediationObligations`	$9.72M	USD	1 Quarter
Reclamation and remediation obligations	`IncreaseDecreaseInReclamationAndRemediationObligations`	$6.81M	USD	1 Quarter
Workers' compensation obligations	`IncreaseDecreaseInWorkersCompensationLiabilities`	$2.53M	USD	1 Quarter
Workers' compensation obligations	`IncreaseDecreaseInWorkersCompensationLiabilities`	$1.63M	USD	1 Quarter
Accrued postretirement benefit costs	`IncreaseDecreaseInPostretirementObligations`	$13.57M	USD	1 Quarter
Accrued postretirement benefit costs	`IncreaseDecreaseInPostretirementObligations`	$12.24M	USD	1 Quarter
Obligation to industry fund	`IncreaseDecreaseInObligationToIndustryFund`	$-742.00K	USD	1 Quarter
Obligation to industry fund	`IncreaseDecreaseInObligationToIndustryFund`	$-722.00K	USD	1 Quarter
Federal black lung collateralization	`IncreaseDecreaseInOtherOperatingAssets`	$14.99M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.55M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$427.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$32.11M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-28.30M	USD	1 Quarter
Additions to property, plant, equipment and mine development	`PaymentsToAcquirePropertyPlantAndEquipment`	$35.13M	USD	1 Quarter
Additions to property, plant, equipment and mine development	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.38M	USD	1 Quarter
Proceeds from notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$9.50M	USD	1 Quarter
Proceeds from notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$115.68M	USD	1 Quarter
Additions to advance mining royalties	`PaymentsToAcquireMineralRights`	$5.18M	USD	1 Quarter
Additions to advance mining royalties	`PaymentsToAcquireMineralRights`	$6.75M	USD	1 Quarter
Proceeds from disposal or exchange of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$279.00K	USD	1 Quarter
Proceeds from disposal or exchange of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$400.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-30.41M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$78.82M	USD	1 Quarter
Long-term debt payments	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$2.49M	USD	1 Quarter
Long-term debt payments	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.61M	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	$1.60M	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	$900.00K	USD	1 Quarter
Proceeds from employee stock purchases	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$962.00K	USD	1 Quarter
Proceeds from employee stock purchases	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.08M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.31M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.25M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-609.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$48.27M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$241.34M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.10M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.49M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$193.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$241.34M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.49M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$193.07M	USD	Point-in-time

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