Spreadsheet: 7bbc2626-fed8-4e9f-9927-62df89820d48
Sheet: Calendar 2012

PEABODY ENERGY CORPORATION
Quarterly and Annual Condensed Consolidated Statements of Operations
(In millions, except per share data)
([NAME]) |  |  |  |  |  |  |  |  |  |  | (Audited)
 |  |  | Quarter Ended |  | Quarter Ended |  | Quarter Ended |  | Quarter Ended |  | Year Ended
 |  |  | March 31, |  | June 30, |  | September 30, |  | December 31, |  | December 31,
 |  |  | 2012 |  | 2012 |  | 2012 |  | 2012 |  | 2012
REVENUES |  |  | 2020.7 |  | 1981.1 |  | 2058.8 |  | 2016.9 |  | 8077.5
COSTS AND EXPENSES
Operating costs and expenses |  |  | 1421.8 |  | 1466 |  | 1501.3 |  | 1543.6 |  | 5932.700000000001
Depreciation, depletion and amortization |  |  | 142.9 |  | 155.3 |  | 172.5 |  | 192.7 |  | 663.4
Asset retirement obligation expenses |  |  | 15 |  | 17.2 |  | 21.1 |  | 13.7 |  | 67
Selling and administrative expenses |  |  | 70.99999999999999 |  | 62.7 |  | 68.7 |  | 66.4 |  | 268.8
Other operating (income) loss:
Net gain on disposal or exchange of assets |  |  | -4 |  | -3.4 |  | -0.2 |  | -9.5 |  | -17.1
Asset impairment and mine closure costs |  |  | 0 |  | 0 |  | 7.7 |  | 921.3 |  | 929
Loss from equity affiliates:
Results of operations |  |  | 20.4 |  | 5.7 |  | 21.4 |  | 9.1 |  | 56.6
Amortization of basis difference |  |  | 2.3 |  | 0.9 |  | -0.2 |  | 1.6 |  | 4.6
Loss from equity affiliates |  |  | 22.7 |  | 6.600000000000001 |  | 21.2 |  | 10.7 |  | 61.2
OPERATING PROFIT (LOSS) |  |  | 351.3 |  | 276.6999999999998 |  | 266.5000000000002 |  | -721.9999999999995 |  | 172.4999999999991
 | Interest income |  | -8.1 |  | -6.5 |  | -5.1 |  | -4.8 |  | -24.5
 | Interest expense |  | 102 |  | 106.9 |  | 99.4 |  | 97.3 |  | 405.6
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |  |  | 257.3999999999999 |  | 176.2999999999998 |  | 172.2000000000002 |  | -814.4999999999995 |  | -208.6000000000009
Income tax provision (benefit):
Provision (benefit) |  |  | 65.5 |  | -24.4 |  | 38.6 |  | 402 |  | 481.7
Tax benefit related to asset impairment and mine closure costs |  |  | 0 |  | 0 |  | -2.9 |  | -224.4 |  | -227.3
Remeasurement expense (benefit) related to foreign income tax accounts |  |  | 8.9 |  | -13.8 |  | 13.6 |  | -0.8 |  | 7.899999999999999
Income tax provision (benefit) |  |  | 74.4 |  | -38.2 |  | 49.3 |  | 176.8 |  | 262.3
INCOME (LOSS) FROM CONTINUING OPERATIONS, NET OF INCOME TAXES |  |  | 182.9999999999999 |  | 214.4999999999998 |  | 122.9000000000002 |  | -991.2999999999995 |  | -470.9000000000009
 | Loss from discontinued operations, net of income taxes |  | -4.700000000000006 |  | -6.7 |  | -81.3 |  | -11.5 |  | -104.2
NET INCOME (LOSS) |  |  | 178.2999999999999 |  | 207.7999999999998 |  | 41.60000000000021 |  | -1002.799999999999 |  | -575.1000000000009
 | Less: Net income (loss) attributable to noncontrolling interests |  | 5.600000000000001 |  | 3.1 |  | -1.3 |  | 3.2 |  | 10.6
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS |  |  | 172.6999999999999 |  | 204.6999999999998 |  | 42.9000000000002 |  | -1006 |  | -585.700000000001
Diluted shares outstanding (weighted average in millions) |  |  | 270.9 |  | 269.8 |  | 266.8 |  | 266.3 |  | 268
Diluted EPS - Income (Loss) from Continuing Operations (1) |  |  | 0.65 |  | 0.78 |  | 0.46 |  | -3.73 |  | -1.8
Adjusted EBITDA (2) |  |  | 511.4999999999999 |  | 450.0999999999998 |  | 467.6000000000003 |  | 407.3000000000005 |  | 1836.499999999999
(1) | We compute EPS using the two-class method, which is an earnings allocation method that determines EPS separately for common stock and participating securities. As a result, it may not be possible to recalculate EPS directly from information presented in our condensed consolidated statements of operations.
(2) | Adjusted EBITDA is defined as income (loss) from continuing operations before deducting net interest expense, income taxes, asset retirement obligation expenses, depreciation, depletion and amortization, asset impairment and mine closure costs and amortization of basis difference associated with equity method investments.  Adjusted EBITDA, which is not calculated identically by all companies, is not a substitute for operating income, net income or cash flow as determined in accordance with United States generally accepted accounting principles.  Management uses Adjusted EBITDA as a key measure of operating performance and also believes it is a useful indicator of the company’s ability to meet debt service and capital expenditure requirements.
This information is intended to be reviewed in conjunction with the company's filings with the Securities and Exchange Commission.