|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the ACI 10-K filed Mar 1, 2010. Contractual
Obligations
The following is a summary of our significant contractual
obligations as of December 31, 2009:
Our maturities of debt in 2010 include amounts borrowed that are
supported by credit facilities that have a term of less than one
year and amounts borrowed under credit facilities with terms
longer than one year that we do not intend to refinance on a
long-term basis, based on cash projections. The related interest
on long-term debt was calculated using rates in effect at
December 31, 2009 for the remaining term of outstanding
borrowings.
Coal lease rights represent non-cancelable royalty lease
agreements, as well as lease bonus payments due.
Our coal purchase obligations include purchase obligations in
the
over-the-counter
market, as well as unconditional purchase obligations with coal
suppliers. Additionally, they include coal purchase obligations
incurred with the sale of certain Central Appalachia operations
in 2005 to supply ongoing customer sales commitments.
Unconditional purchase obligations include open purchase orders
and other purchase commitments, which have not been recognized
as a liability. The commitments in the table above relate to
contractual commitments for the purchase of materials and
supplies, payments for services and capital expenditures.
The table above excludes our asset retirement obligations. Our
consolidated balance sheet reflects a liability of
$310.4 million for asset retirement obligations that arise
from SMCRA and similar state statutes, which require that mine
property be restored in accordance with specified standards and
an approved reclamation plan. Asset retirement obligations are
recorded at fair value when incurred and accretion expense is
recognized through the expected date of settlement. Determining
the fair value of asset retirement obligations involves a number
of estimates, as discussed in the section entitled
“Critical Accounting Policies”, including the timing
of payments to satisfy the obligations. The timing of payments
to satisfy asset retirement obligations is based on numerous
factors, including mine closure dates. You should see the notes
to our consolidated financial statements for more information
about our asset retirement obligations.
The table above also excludes certain other obligations
reflected in our consolidated balance sheet, including estimated
funding for pension and postretirement benefit plans and
worker’s compensation obligations. The timing of
contributions to our pension plans varies based on a number of
factors, including changes in the fair value of plan assets and
actuarial assumptions. You should see the section entitled
“Critical Accounting Policies” for more information
about these assumptions. In order to achieve a desired funded
status, we expect to make contributions of $16.6 million to
our pension plans in 2010. You should see the notes to our
consolidated financial statements for more information about the
amounts we have recorded for workers’ compensation and
pension and postretirement benefit obligations.
This excerpt taken from the ACI 10-K filed Feb 27, 2009. Contractual
Obligations
The following is a summary of our significant contractual
obligations as of December 31, 2008:
Our maturities of debt in 2009 include amounts borrowed that are
supported by credit facilities that have a term of less than one
year and amounts borrowed under credit facilities with terms
longer than one year that we do not intend to refinance on a
long-term basis, based on cash projections. The related interest
on long-term debt was calculated using rates in effect at
December 31, 2008 for the remaining term of outstanding
borrowings.
Coal lease rights represent non-cancelable royalty lease
agreements, as well as federal lease bonus payments due. In
particular, the remaining $122.2 million payment due under
the Little Thunder lease in Wyoming will be paid in 2009.
Our coal purchase obligations include purchase obligations in
the
over-the-counter
market, as well as unconditional purchase obligations with coal
suppliers. Additionally, they include coal purchase obligations
incurred with the sale of certain Central Appalachia operations
in 2005 to supply ongoing customer sales commitments.
Unconditional purchase obligations include open purchase orders
and other purchase commitments, which have not been recognized
as a liability. The commitments in the table above relate to
contractual commitments for the purchase of materials and
supplies, payments for services and capital expenditures.
The table above excludes our asset retirement obligations. Our
consolidated balance sheet reflects a liability of
$258.9 million for asset retirement obligations that arise
from SMCRA and similar state statutes, which require that mine
property be restored in accordance with specified standards and
an approved reclamation plan. Asset retirement obligations are
recorded at fair value when incurred and accretion expense is
recognized through the expected date of settlement. Determining
the fair value of asset retirement obligations involves a number
of estimates, as discussed in the section entitled
“Critical Accounting Policies” beginning on
page 64, including the
Table of Contents
timing of payments to satisfy the obligations. The timing of
payments to satisfy asset retirement obligations is based on
numerous factors, including mine closure dates. You should see
the notes to our consolidated financial statements for more
information about our asset retirement obligations.
The table above also excludes certain other obligations
reflected in our consolidated balance sheet, including estimated
funding for pension and postretirement benefit plans and
worker’s compensation obligations. The timing of
contributions to our pension plans varies based on a number of
factors, including changes in the fair value of plan assets and
actuarial assumptions. You should see the section entitled
“Critical Accounting Policies” beginning on
page 64 for more information about these assumptions. In
order to achieve a desired funded status, we expect to make
contributions of $25.9 million to our pension plans in
2009. This estimate is based on current funding regulations,
which are currently under review for potential modification to
provide funding relief to companies that sponsor pension plans.
You should see the notes to our consolidated financial
statements for more information about the amounts we have
recorded for workers’ compensation and pension and
postretirement benefit obligations.
These excerpts taken from the ACI 10-K filed Feb 29, 2008. Contractual
Obligations
The following is a summary of our significant contractual
obligations as of December 31, 2007:
Interest on long-term debt was calculated using rates in effect
at December 31, 2007 for the remaining term of outstanding
borrowings.
Coal lease rights represent non-cancelable royalty lease
agreements, as well as federal lease bonus payments due. In
particular, remaining payments due under the Little Thunder
lease in Wyoming will be paid in two equal annual installments
of $122.2 million in 2008 and 2009.
Our coal purchase obligations include purchase obligations in
the over-the-counter market, as well as unconditional purchase
obligations with coal suppliers. Additionally, they include coal
purchase obligations incurred with the sale of certain Central
Appalachia operations in 2005 and the sale of the Mingo
Logan-Ben Creek complex in 2007 to supply ongoing customer sales
commitments.
Unconditional purchase obligations include open purchase orders,
which have not been recognized as a liability. The commitments
in the table above relate to commitments for the purchase of
materials and supplies, payments for services and capital
expenditures.
The table above excludes our asset retirement obligations. Our
consolidated balance sheet reflects a liability of
$224.5 million for the fair value of asset retirement
obligations that arise from SMCRA and similar state statutes,
which require that mine property be restored in accordance with
specified standards and an approved reclamation plan. The
determination of the fair value of asset retirement obligations
involves a number of estimates, as discussed in the section
entitled “Critical Accounting Policies” beginning on
page 52, including the timing of payments to satisfy asset
retirement obligations. The timing of payments to satisfy asset
retirement obligations is based on numerous factors, including
mine closure dates. You should see the notes to our consolidated
financial statements for more information about our asset
retirement obligations.
The table above also excludes certain other obligations
reflected in our consolidated balance sheet, including estimated
funding for pension and postretirement benefit obligations, for
which the timing of payments may vary based on changes in the
fair value of plan assets (for pension obligations) and
actuarial assumptions and payments under our self-insured
workers’ compensation program. You should see the section
entitled “Critical Accounting Policies” beginning on
page 52 for more information about these assumptions. We
expect to make contributions of $2.5 million to our pension
plans in 2008. You should see the notes to our consolidated
financial statements for more information about the amounts we
have recorded for workers’ compensation and pension and
postretirement benefit obligations.
Contractual Obligations The following is a summary of our significant contractual obligations as of December 31, 2007:
Interest on long-term debt was calculated using rates in effect at December 31, 2007 for the remaining term of outstanding borrowings. Coal lease rights represent non-cancelable royalty lease agreements, as well as federal lease bonus payments due. In particular, remaining payments due under the Little Thunder lease in Wyoming will be paid in two equal annual installments of $122.2 million in 2008 and 2009. Our coal purchase obligations include purchase obligations in the over-the-counter market, as well as unconditional purchase obligations with coal suppliers. Additionally, they include coal purchase obligations incurred with the sale of certain Central Appalachia operations in 2005 and the sale of the Mingo Logan-Ben Creek complex in 2007 to supply ongoing customer sales commitments. Unconditional purchase obligations include open purchase orders, which have not been recognized as a liability. The commitments in the table above relate to commitments for the purchase of materials and supplies, payments for services and capital expenditures. The table above excludes our asset retirement obligations. Our consolidated balance sheet reflects a liability of $224.5 million for the fair value of asset retirement obligations that arise from SMCRA and similar state statutes, which require that mine property be restored in accordance with specified standards and an approved reclamation plan. The determination of the fair value of asset retirement obligations involves a number of estimates, as discussed in the section entitled “Critical Accounting Policies” beginning on page 52, including the timing of payments to satisfy asset retirement obligations. The timing of payments to satisfy asset retirement obligations is based on numerous factors, including mine closure dates. You should see the notes to our consolidated financial statements for more information about our asset retirement obligations. The table above also excludes certain other obligations reflected in our consolidated balance sheet, including estimated funding for pension and postretirement benefit obligations, for which the timing of payments may vary based on changes in the fair value of plan assets (for pension obligations) and actuarial assumptions and payments under our self-insured workers’ compensation program. You should see the section entitled “Critical Accounting Policies” beginning on page 52 for more information about these assumptions. We expect to make contributions of $2.5 million to our pension plans in 2008. You should see the notes to our consolidated financial statements for more information about the amounts we have recorded for workers’ compensation and pension and postretirement benefit obligations. | EXCERPTS ON THIS PAGE:
RELATED TOPICS for ACI: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||
