NOTE 21 - CASH FLOW INFORMATION
A reconciliation of capital additions to cash paid for capital expenditures for the years ended December 31, 2013, 2012 and 2011 is as follows:
|
| | | | | | | | | | | |
| (In Millions) |
| Year Ended December 31, |
| 2013 | | 2012 | | 2011 |
Capital additions | $ | 752.3 |
| | $ | 1,335.3 |
| | $ | 960.9 |
|
Cash paid for capital expenditures 1 | 861.6 |
| | 1,127.5 |
| | 862.1 |
|
Difference | $ | (109.3 | ) | | $ | 207.8 |
| | $ | 98.8 |
|
Non-cash accruals | $ | (109.3 | ) | | $ | 152.5 |
| | $ | 60.1 |
|
Capital leases | — |
| | 55.3 |
| | 38.7 |
|
Total | $ | (109.3 | ) | | $ | 207.8 |
| | $ | 98.8 |
|
| |
1 | Cash paid for capital expenditures for 2011 has been shown net of cash proceeds of $18.6 million from the Pinnacle longwall sale-leaseback that was completed in October 2011. The adjustment was necessary in 2011 due to the timing of the cash payments related to the longwall. |
Cash payments for interest and income taxes in 2013, 2012 and 2011 are as follows:
|
| | | | | | | | | | | |
| (In Millions) |
2013 | | 2012 | | 2011 |
Taxes paid on income | $ | 153.3 |
| | $ | 443.2 |
| | $ | 275.3 |
|
Interest paid on debt obligations | 174.4 |
| | 207.5 |
| | 175.1 |
|
Non-Cash Financing Activities - Declared Dividends
On November 11, 2013, our Board of Directors declared the quarterly cash dividend on our 7.00 percent Series A Mandatory Convertible Preferred Stock, Class A, of $17.50 per share, which is equivalent to approximately $0.44 per depositary share, each representing 1/40th of a share of Series A preferred stock. The cash dividend of $12.8 million was paid on February 3, 2014 to our preferred shareholders of record as of the close of business on January 15, 2014.
