Bidder's Statement - Peabody Energy

Consolidated
6 months ended
30 June 2010*
(US$ millions,
except share and
per share data)
(unaudited)
6 months ended
30 June 2011
(US$ millions,
except share and
per share data)
(unaudited)
Sales (including 2,092 and 2,986 of sales to related parties for 2010 and 2011, respectively) 37,582 47,310
Cost of sales (including depreciation and impairment of 2,330 and 2,312 and purchases from
related parties of 1,072 and 1,382 for 2010 and 2011, respectively) 33,716 41,827
Gross margin 3,866 5,483
Selling, general and administrative 1,686 1,800
Operating income 2,180 3,683
Income from investments in associates and joint ventures 270 437
Financing costs - net (617) (2,030)
Income before taxes 1,833 2,090
Income tax benefit (note 7) 453 105
Net income from continuing operations (including non-controlling interests) 2,286 2,195
Discontinued operations, net of tax 179 461
Net income (including non-controlling interests) 2,465 2,656
Net income attributable to:
Equity holders of the parent
Net income from continuing operations 2,167 2,143
Net income from discontinued operations 179 461
Net income attributable to equity holders of the parents 2,346 2,604
Non-controlling interests:
Net income from continuing operations 119 52
Net income from discontinued operations - -
Net income attributable to non-controlling interests 119 52
Net income (including non-controlling interests) 2,465 2,656
Earnings per common share (in U.S. dollars)
Basic 1.55 1.68
Diluted 1.08 1.61
Earnings per common share - continuing operations (in U.S. dollars)
Basic 1.44 1.38
Diluted 0.97 1.33
Earnings per common share - discontinued operations (in U.S. dollars)
Basic 0.11 0.30
Diluted 0.11 0.28
Weighted average common shares outstanding (in millions):
Basic 1,510 1,549
Diluted 1,599 1,638
25