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Walter Energy Inc

Walter Energy, Inc. was a publicly traded company based in the United States with the stock symbol WLT. The company operated in the coal mining industry and was a significant player in the production and sale of metallurgical coal, which is primarily used in the manufacturing of steel.

In terms of financials, Walter Energy had faced significant challenges in recent years, leading up to its bankruptcy in 2016. Prior to its bankruptcy, the company had reported negative earnings for several consecutive years, indicating significant losses. In 2012, the company reported a net loss of $3.3 billion, followed by a loss of $1.1 billion in 2013, and a loss of $816 million in 2014.

The company's revenue also declined significantly during this period, from $3.8 billion in 2012 to $1.9 billion in 2014. This decline in revenue and earnings was largely due to a weak coal market, which experienced oversupply and low prices, as well as environmental regulations and competition from natural gas.

Walter Energy's growth prospects were also affected by the company's high levels of debt and weak balance sheet. As of 2015, the company had over $3 billion in long-term debt, which limited its financial flexibility and ability to invest in growth initiatives.

In summary, Walter Energy faced significant financial challenges leading up to its bankruptcy in 2016, including negative earnings, declining revenue, and high levels of debt. These challenges limited the company's growth prospects and ultimately contributed to its financial downfall.