Cloud Peak Energy Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Provides Earnings Guidance for Fiscal 2016; Records Impairment Charges for Fourth Quarter of 2015
For the year, the company reported revenue of $1,124,111,000, operating loss of $81,391,000, loss before income tax provision and earnings from unconsolidated affiliates of $128,720,000, net loss of $204,900,000 or $3.36 per diluted share against revenue of $1,324,044,000, operating income of $131,802,000, income before income tax provision and earnings from unconsolidated affiliates of $113,294,000, net income of $78,960,000 or $1.29 per diluted share a year ago. Net cash from operating activities was $41,589,000 against $98,174,000 a year ago. Purchases of property, plant and equipment was $37,662,000 against $18,719,000 a year ago. Adjusted EBITDA was $123.8 million against $201.9 million a year ago.
The company expects adjusted EBITDA of $80-$100 million, net interest expense of approximately $46 million, depreciation, depletion, amortization, and accretion of $95-$115 million, capital expenditure of $30-$40 million for fiscal 2016.
The company recorded impairment of $58,187,000 for the fourth quarter of 2015.