BTU FY 2008 Earnings Report — Peabody Energy Corporation Revenue & Financial Results | Market Cap Arena

Peabody Energy CorporationBTU

FY 2008 Earnings

Reported February 27, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$6.6B	—	$4.6B	—	44.1%
Op. Income	$1.4B	—	$569M	—	144.9%
Gross Margin	30.0%	—	21.9%	—	8.1pp
Net Margin	14.5%	—	5.8%	—	8.7pp
EPS (Diluted)	$3.50	—	$0.98	—	257.1%
Free Cash Flow	$841M	—	-$154M	—	645.9%

Revenue Flow

Item	Amount
REVENUE	$6.6B
Cost of Revenue	$4.6B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$202M
SG&A Expenses	$202M
Other Expenses	$382M
Operating Expenses	$583M
Cost & Expenses	$5.2B
OPERATING INCOME	$1.4B
Interest Income	$10M
Interest Expense	$302M
Other Income/Expenses	-$217M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$186M
Net Income from Continuing Ops	$988M
Net Income from Discontinued Ops	$0
Other Adjustments	-$29M
NET INCOME	$954M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$953M
D&A	$413M
EBIT	$1.4B
EBITDA	$1.9B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$6.6B
Cost of Revenue	$4.6B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$202M
SG&A Expenses	$202M
Other Expenses	$382M
Operating Expenses	$583M
Cost & Expenses	$5.2B
OPERATING INCOME	$1.4B
Interest Income	$10M
Interest Expense	$302M
Other Income/Expenses	-$217M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$186M
Net Income from Continuing Ops	$988M
Net Income from Discontinued Ops	$0
Other Adjustments	-$29M
NET INCOME	$954M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$953M
D&A	$413M
EBIT	$1.4B
EBITDA	$1.9B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$954M
Depreciation & Amortization	$413M
Stock-Based Compensation	$35M
Deferred Income Tax	-$33M
Other Non-Cash Items	-$201M
Change in Working Capital	$118M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$445M
Acquisitions (Net)	$0
Purchases of Investments	-$44M
Sales/Maturities of Investments	$0
Other Investing Activities	-$17M
NET CASH FROM INVESTING	-$506M
Net Debt Issuance	-$130M
Common Stock Repurchased	-$200M
Common Dividends Paid	-$65M
Other Financing Activities	-$106M
NET CASH FROM FINANCING	-$376M
FREE CASH FLOW	$841M
Net Change in Cash	$404M

Balance Sheet

Item	Amount
Cash & Equivalents	$450M
Short-Term Investments	$0
Net Receivables	$384M
Inventory	$278M
Other Current Assets	$860M
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$7.3B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$427M
Tax Assets	$118M
Other Non-Current Assets	$418M
TOTAL NON-CURRENT ASSETS	$7.9B
TOTAL ASSETS	$9.8B
Account Payables	$427M
Short-Term Debt	$17M
Deferred Revenue	$626M
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.9B
Long-Term Debt	$3.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.9B
TOTAL NON-CURRENT LIABILITIES	$5.1B
TOTAL LIABILITIES	$6.9B
Common Stock	$3M
Additional Paid-In Capital	$2.0B
Retained Earnings	$1.8B
Treasury Stock	-$319M
Accum. Other Comp. Income	-$389M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.9B
Minority Interest	$1M
TOTAL EQUITY	$2.9B
TOTAL LIABILITIES & EQUITY	$9.8B
Total Debt	$3.2B
Net Debt	$2.7B