Peabody Energy Corporation (BTU)

[LouisDesyjr]

Peabody Energy schedules posted, common is dead

Document # 749, statement of financial affairs for Peabody Energy, the parent company:
www.kccllc.net/peabody/document/1642529160613000000000109

The schedules for the parent company have been posted as document 749. On page 328 of the PDF, is the summary of the parent company, which would include all of the subsidiaries of Peabody Energy.

In total, including amounts owned by, owed to, or loaned from or by Peabody Energy and all of its subsidiaries are as follows:

Assets: $60,284,284,790
Liabilities: $64,783,217,476

Net balance available for the common shares, negative $4,499,032,686 .

In other words, the parent company and the common shares, are 'in the hole' by almost $4.5 billion. It also looks like all of the unsecured liabilities to vendors will be wiped out also, plus a few of the bond more junior series are going to get zero in the order of priority.

Louis J. Desy Jr.


Disclosure: I own June 2016 $0.50 put options.