Spreadsheet: 09d44c63-68e0-4904-bea6-24954acd733a
Sheet: 2012 by quarter

PEABODY ENERGY CORPORATION
Key Performance Indicators
([NAME])
 |  |  | Quarter Ended |  |  |  | Quarter Ended |  |  |  | Quarter Ended |  |  |  | Quarter Ended |  |  |  | Year Ended
 |  |  | March 31, 2012 |  |  |  | June 30, 2012 |  |  |  | September 30, 2012 |  |  |  | December 31, 2012 |  |  |  | December 31, 2012
[NAME] (In Millions)
 | Midwestern U.S. Mining Operations |  | 6.7 |  |  |  | 6.8 |  |  |  | 7 |  |  |  | 6.9 |  |  |  | 27.4
 | Western U.S. Mining Operations |  | 43.4 |  |  |  | 37 |  |  |  | 44 |  |  |  | 40.8 |  |  |  | 165.2
 | Australian Mining Operations |  | 6.6 |  |  |  | 8.2 |  |  |  | 8.5 |  |  |  | 9.7 |  |  |  | 33
 | Trading and Brokerage Operations |  | 4.7 |  |  |  | 5.2 |  |  |  | 7.1 |  |  |  | 5.9 |  |  |  | 22.9
 | Total |  | 61.40000000000001 |  |  |  | 57.2 |  |  |  | 66.6 |  |  |  | 63.29999999999999 |  |  |  | 248.5
Revenues - Mining Operations |  |  | $'s in millions |  | $'s per ton |  | $'s in millions |  | $'s per ton |  | $'s in millions |  | $'s per ton |  | $'s in millions |  | $'s per ton |  | $'s in millions |  | $'s per ton
 | Midwestern U.S. |  | 347.7 |  | 51.48 |  | 346.9 |  | 51.27 |  | 355.7 |  | 51 |  | 353.4 |  | 51.08 |  | 1403.7 |  | 51.21
 | Western U.S. |  | 761 |  | 17.54 |  | 669 |  | 18.04 |  | 783.5 |  | 17.81 |  | 735.8000000000002 |  | 17.98 |  | 2949.3 |  | 17.86
 | Total - U.S. Mining Operations |  | 1108.7 |  | 22.1 |  | 1015.9 |  | 23.21 |  | 1139.2 |  | 22.35 |  | 1089.2 |  | 22.78 |  | 4353 |  | 22.61
 | Australia |  | 854.1 |  | 130.34 |  | 884.9 |  | 107.45 |  | 866 |  | 101.85 |  | 898.5999999999998 |  | 92.21 |  | 3503.6 |  | 106.05
Operating Costs - Mining Operations
 | Midwestern U.S. |  | 238.5 |  | 35.31 |  | 242.2 |  | 35.8 |  | 252.2 |  | 36.16 |  | 243.8 |  | 35.23999999999999 |  | 976.7 |  | 35.63
 | Western U.S. |  | 554 |  | 12.77 |  | 503.6 |  | 13.58 |  | 539.6 |  | 12.27 |  | 519.3000000000002 |  | 12.66 |  | 2116.5 |  | 12.82
 | Total - U.S. Mining Operations |  | 792.5 |  | 15.8 |  | 745.8 |  | 17.04 |  | 791.8000000000001 |  | 15.54 |  | 763.1000000000003 |  | 15.94 |  | 3093.2 |  | 16.07
 | Australia |  | 558.5 |  | 85.23 |  | 644.5 |  | 78.26 |  | 644.6 |  | 75.77 |  | 717.0999999999998 |  | 73.47 |  | 2564.7 |  | 77.63
Gross Margin - Mining Operations
 | Midwestern U.S. |  | 109.2 |  | 16.16999999999999 |  | 104.7 |  | 15.47 |  | 103.5 |  | 14.84 |  | 109.6 |  | 15.84 |  | 427 |  | 15.58
 | Western U.S. |  | 207 |  | 4.77 |  | 165.4 |  | 4.460000000000001 |  | 243.9 |  | 5.539999999999999 |  | 216.5 |  | 5.32 |  | 832.8 |  | 5.039999999999999
 | Total - U.S. Mining Operations |  | 316.2 |  | 6.300000000000001 |  | 270.1 |  | 6.170000000000002 |  | 347.4 |  | 6.809999999999999 |  | 326.1 |  | 6.84 |  | 1259.8 |  | 6.539999999999999
 | Australia |  | 295.6 |  | 45.11 |  | 240.4 |  | 29.19 |  | 221.4 |  | 26.08 |  | 181.5 |  | 18.73999999999999 |  | 938.9 |  | 28.42
Adjusted EBITDA - Trading and Brokerage Operations |  |  | 28.1 |  |  |  | 45.4 |  |  |  | 35.7 |  |  |  | 10.5 |  |  |  | 119.7
Adjusted EBITDA - Resource Management  (1) |  |  | 0.9 |  |  |  | 1.8 |  |  |  | -0.4 |  |  |  | 10.5 |  |  |  | 12.8
Selling and Administrative Expenses |  |  | -71 |  | -1.15 |  | -62.7 |  | -1.09 |  | -68.7 |  | -1.031531531531532 |  | -66.4 |  | -1.048973143759874 |  | -268.8 |  | -1.08169014084507
Other Operating Costs, Net (2) |  |  | -58.3 |  | -0.94 |  | -44.9 |  | -0.7849650349650349 |  | -67.8 |  | -1.018018018018018 |  | -54.9 |  | -0.8672985781990522 |  | -225.9 |  | -0.9090543259557344
Adjusted EBITDA (3) |  |  | 511.5 |  | 8.32 |  | 450.1 |  | 7.868881118881119 |  | 467.6 |  | 7.021021021021022 |  | 407.3 |  | 6.434439178515009 |  | 1836.5 |  | 7.390342052313883
Net Cash provided by (used in) continuing operations:
 | Operating activities |  | 430.4 |  |  |  | 294.9000000000001 |  |  |  | 648.4 |  |  |  | 226.0999999999999 |  |  |  | 1599.8
 | Investing activities |  | -201.4 |  |  |  | -306.8000000000001 |  |  |  | -402.4 |  |  |  | -159.4999999999999 |  |  |  | -1070.1
 | Financing activities |  | -39.1 |  |  |  | -430.4999999999999 |  |  |  | -51.2 |  |  |  | -142.5 |  |  |  | -663.3
Acquisitions of Property, Plant and Equipment |  |  | 237.8 |  |  |  | 195.3 |  |  |  | 308.4 |  |  |  | 255.2 |  |  |  | 996.7
Federal Coal Reserve Lease Expenditures |  |  | 0 |  |  |  | 89.2 |  |  |  | 158.7 |  |  |  | 28.60000000000002 |  |  |  | 276.5
(1) Includes certain asset sales, property management costs and revenues, and coal royalty expense.
(2) Includes Generation Development and Btu Conversion costs, costs associated with post-mining activities, loss from equity affiliates and provisions for certain litigation.
(3) 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.