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All that said, we had some significant successes in And finally, we announced the acquisition of the San Juan Mine and laid the groundwork for the successful close last month. Heading into , we expect continued drag from our non-core operations.
Unlike the rest of our businesses that have nice protection, these operations will all be affected by current market pressures. All that said, our core business model will still drive a solid level of EBITDA, and we believe the addition of San Juan will further ensure that we generate cash flow after capex and interest requirements. The confidence we have in our ability to execute is based on our unique model.
It not only positions us as a low cost fuel provider, but protects us from much of the current pricing volatility in our space. With that model as our foundation, we are concentration on four main objectives in These objectives are, first, maximizing cash generation; second, optimizing the San Juan acquisition; third, limiting cash drag from our non-core operations and lastly, using our free cash flow to strategically take down debt. Let me take a moment to expand on each of these thoughts.
First, maximizing cash generated by the business. We used this cash flow to acquiring Buckingham and the MLP. We further used it to begin executing on the MLP strategy through the Kemmerer drop and to pay the follow-on fees for our refinancing to lower cost debt. We view these uses of cash as solid investments, which will generate long-term returns.
While our MLP plan has certainly been put on hold until the capital markets recover, we still think the MLP will ultimately help us maximize the value of our consistent cash flows. We anticipate our core business will continue to generate significant free cash flow in and beyond. I mentioned these on our call earlier this year, but most of them have not historically been high priorities due to our growth.
The first initiative is our supply chain processes. We believe further standardization will reduce operating costs, help us run leaner inventories, and free up cash. Second, with a downturn across the mining industry, we see. Page 2. We are proud of the fact that we run lean in our headcount, especially relative to peers. By opportunistically driving down costs, we believe we can increase cash generation to help with delivering. The second focus area for is to optimize our recent San Juan acquisition.
Integration is off to a great start. There is still a lot to do, but our start out of the gate is really encouraging. Our third focus involves limiting the impact of non-core businesses. Paying down debt will also de-risk our business. By lowering our debt levels, we strengthen our balance sheet and put ourselves in a solid position if the unexpected occurs.
The issue is fairly new. The people in Alberta will also need to buy in to paying all these costs out of their pockets, and would have the ability to reverse course when they see the final price tag. Ultimately, the life of coal-fired power plants up in Alberta, really everywhere, will be determined by the demand for power, how much supply exists, and where supply is located on the dispatch curve.
Based on our cost position, we feel pretty confident where we sit across all our operations even with current natural gas prices. Our customers, TransCanada not being in that group, have given us confidence in our positions on both sides of the border.
Perhaps most importantly, current low power price levels make it very difficult to invest in any type of replacement power while generating a solid return. The markets we serve also have increasing power demands and when you factor all that in, we see our assets running for the long-term.
Thanks, Kevin. When comparing to , the Buckingham and MLP acquisitions as well as the timing of the Canadian acquisition greatly impact year-over-year comparisons. Page 3. This result is within the guidance range as operations closed out the year largely as expected. These charges were driven by macro level trends, such as claims rates, pay out experience and legal rulings. For clarity, our overall Heritage spend remains relatively constant year-over-year.
And as a reminder, a commentary on February 4 th regarding preliminary numbers did not include these non-cash adjustments as we were still in the year-end close process. These charges related to our non-core assets, ROVA and Coal Valley, and reflect the declining price projections used in our cash flow outlook.
One hundred and thirty-three million dollars of the charges were related to ROVA. Consistent with past guidance, we calculate free cash flow for our business based on adjusted EBITDA less maintenance capital spending. We also factor in other cash impacts related to reclamation, pension, close retirement and deferred revenue. And finally, we deduct cash interest paid in the period.
Our third quarter Q had a table that detailed these transactions, and we will be updating this table in our K when it is filed in the next week. When we look at Q4 on its own, it was a fairly routine quarter from an operational perspective. Based on timing of payments at our various sites coming out of a heavy maintenance quarter in Q3, we had a sizeable drawdown on routine accounts payable, as well as a slight increase in accounts receivable.
We fully expect this to reverse itself in Q1. Page 4. As we move into , we expect no further working capital needs as we stabilize and tighten our business platform to focus our efforts on net cash generation and move out of the integration phase that we have been in over the last few years. As stated in the earnings release, we are reiterating the guidance of a month ago.
Including San Juan, we anticipate total tonnage from the consolidated business to be 53 million to 60 million tons. Because of the timing of our interest payments as well as the initial cash injection into San Juan, we anticipate that the majority of our deleveraging opportunities exist in the back-half of the year. I just want to make sure we have our numbers right really more than anything. Is that right? Which segment was that in? Jason, go ahead with that one. Yes, I can go through that.
The only other question I had was for , just given the definition of free cash flow, can you just give us the split between maintenance and total capex in ? Page 5. The first is around the opportunity on the lease side meaning to replace parent debt with lower cost capital leases. Can you quantify what that opportunity looks like and how much of that do you think could occur in ? Is that possibility contemplated in your free cash flow guidance, or is that incremental?
Such forward-looking statements involve known and unknown risks and are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. These uncertainties and factors could cause our actual results to differ materially from those matters expressed in or implied by such forward-looking statements.
We do not undertake any obligation to update any forward-looking statements to reflect the impact of circumstances or events that may arise after the date of such forward-looking statements. We believe that this additional information and the reconciliation we provide may be useful to help evaluate our operations. This information supplements our results as reported in accordance with GAAP and should not be viewed in isolation from, or as a substitute for, our GAAP-results.
Fans were invited to a game for the first time on Monday, with the team allowing 1, vaccinated essential workers to attend games for free. NBA commissioner Adam Silver said in December that the rule would not be strictly enforced this season. The rule was also not strictly enforced at the end of the season when a number of players chose to kneel during the anthem to show solidarity with the Black Lives Matter movement. Cuban has been outspoken in his support of the movement, saying in June that he would kneel with players during the anthem.
Freshman quarterback Jayden de Laura, the crown jewel of the recruiting class, has been suspended indefinitely. Raiders QB Marcus Mariota receiving trade interest from several teams. That was a recipe for disaster against Tampa Bay. There are many questions surrounding the Bears quarterback situation, but it sounds like we can rule out a Mitchell Trubisky return in Tom Brady just won his seventh championship.
Which ties him with Robert Horry. During the first quarter against the San Antonio Spurs, Steph Curry finished an absurd highlight-reel layup with his back to the basket. The Ravens tackle has reportedly made it known he wants to be traded. Read full article. More content below. Buccaneers predictions, NFL betting favorite, prop bets.
Super Bowl odds, favorite, spread, line. Story continues. Latest Stories. NBC Sports Philadelphia. NBC Sports Boston. Steelers Wire. Yahoo Sports. Bears Wire. The Independent. National Review. Wazzu Watch. Raiders Wire. NBC Sports. Sportsbooks are hesitant to move an NFL point spread when it involves the key number of 3. Point spreads of 3 and 7 on NFL games are the most important because those are the most common winning margins.
Only those who took the Chiefs at Sportsbooks kept profiting in the second half of the season when the Chiefs were winning but not covering the spread. The Chiefs were against the spread and straight up over a nine-game stretch after Nov. Because the Chiefs are a popular team, those Kansas City losses were generally profitable for the house. The line could move again. The Super Bowl is the most-bet game of the year and almost all Super Bowl bets come in over the last 48 hours before kickoff.
Best prop bets: First TD, Brady rushing total, and much more. Paylor: Why Chiefs OL spent year fighting pandemic instead. Carson Wentz seems likely to be traded in the next few days, and the QB apparently has some thoughts on his destination. By Adam Hermann. With five quarterbacks going in Round 1, it could be a wild ride early in the NFL draft. Jeremy Maclin retired two years ago, but the former Eagles wideout hasn't been sitting around.
The new policy, which was first reported by the Athletic, makes Dallas the first team to forgo playing the anthem at home games. The Mavericks played their first ten regular-season home games without the anthem and without fans. Fans were invited to a game for the first time on Monday, with the team allowing 1, vaccinated essential workers to attend games for free. NBA commissioner Adam Silver said in December that the rule would not be strictly enforced this season.
The rule was also not strictly enforced at the end of the season when a number of players chose to kneel during the anthem to show solidarity with the Black Lives Matter movement. Cuban has been outspoken in his support of the movement, saying in June that he would kneel with players during the anthem. Freshman quarterback Jayden de Laura, the crown jewel of the recruiting class, has been suspended indefinitely. Raiders QB Marcus Mariota receiving trade interest from several teams.
Tom Brady just won his seventh championship. Which ties him with Robert Horry. There are many questions surrounding the Bears quarterback situation, but it sounds like we can rule out a Mitchell Trubisky return in
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