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WESTMORELAND COAL Co (WLB)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11Dec-31-10
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues  1,384.61,478.01,419.51,131.0674.7600.4501.7506.1
            Revenues growth  -6.3%4.1%25.5%67.6%12.4%19.7%-0.9%14.1%
Costs, expenses and other:          
Cost of sales  1,096.11,156.71,175.8930.3535.3466.5392.8394.8
Depreciation, depletion and amortization  121.1185.3140.3109.467.257.145.644.7
Selling and administrative  120.2108.695.682.350.749.940.339.5
Heritage health benefit expenses  12.611.814.613.413.413.418.614.4
(Gain) loss on sale/disposal of assets  -2.7-1.14.91.2-0.10.50.60.2
Loss on impairment  5.9 136.2     
Income from equity affiliates  -5.9-5.6-5.4     
Other operating loss (income)   8.3-3.00.2-22.4-15.9-6.8-8.1
    Total costs, expenses and other  1,345.42,897.51,565.21,179.71,307.61,145.7491.1485.5
    Operating (loss) income  39.238.1-145.7-48.725.428.910.620.5
            Operating margin  2.8%2.6%-10.3%-4.3%3.8%4.8%2.1%4.1%
   
Other (expense) income:          
Interest expense  -118.7-121.8-101.3-82.3-39.9-42.7-29.8-23.0
Gain (loss) on extinguishment of debt    -5.4-49.2-0.1-2.0-17.0 
Interest income  4.17.48.06.41.41.51.41.7
(Loss) gain on foreign exchange  -3.1-0.73.7-4.0    
Other expense  -0.60.01.71.00.40.7-2.6-2.6
    Total other income (expense)  -118.2-115.1-93.3-128.1-38.3-42.4-47.9-23.8
    Loss before income taxes  -79.0-76.9-239.0-176.7-12.9-13.6-37.3-3.3
Income tax expense (benefit)  -5.9-48.1-19.90.0-4.80.1-0.4-0.1
            Tax rate  7.5%62.5%8.3% 37.0% 1.1%4.3%
    Net loss  -73.1-28.9-219.1-176.7-8.1-13.7-36.9-3.2
Less net loss attributable to noncontrolling interest  -1.8-1.8-5.5-0.9-3.4-6.4-3.8-2.6
    Net loss applicable to common shareholders  -71.3-27.1-213.6-176.7-6.1-8.6-34.5-1.9
   
Net loss per share applicable to common shareholders:          
Basic and diluted (in dollars per share)  ($3.82)($1.47)($11.93)($11.08)($0.42)($0.61)($2.61)($0.17)
   
Weighted average number of common shares outstanding:          
Basic and diluted (shares)  18.718.517.915.914.514.013.210.8

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