|
Depreciation, Depletion and $470 — $530 million
<br />Amortization
<br />Capital Expenditures $120 — $140 million
<br />Notes: Peabody classifies its Australian mines with the Australian Metallurgical or Thermal Mining segments based on the
<br />primary customer base and reserve type. A small portion of the coal mined by the Australian Metallurgical Mining
<br />segment is of a thermal grade and vice versa. Also, Peabody may market some of its metallurgical coal products as a
<br />thermal product from time to time depending on market conditions.
<br />Peabody Energy is the world's largest private -sector coal company and a global leader
<br />in sustainable mining, energy access and clean coal solutions. The company serves
<br />metallurgical and thermal coal customers in 25 countries on six continents. For further
<br />information, visit PeabodyEnergy.com.
<br />-End-
<br />Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act
<br />of 1995. The company uses words such as "anticipate," "believe," "expect," "may," "forecast," "project," "should,"
<br />"estimate," "plan," "outlook," "target," "likely," "will," "to be" or other similar words to identify forward-looking
<br />statements. These forward-looking statements are based on numerous assumptions that the company believes are
<br />reasonable, but they are open to a wide range of uncertainties and business risks that may cause actual results to
<br />differ materially from expectations as of Feb. 11, 2016. These factors are difficult to accurately predict and may be
<br />beyond the company's control. The company does not undertake to update its forward-looking statements. Factors
<br />that could affect the company's results include, but are not limited to: supply and demand for the company's coal
<br />products; price volatility and customer procurement practices, particularly in international seaborne products and in
<br />the company's trading and brokerage businesses; impact of alternative energy sources, including natural gas and
<br />renewables; global steel demand and the downstream impact on metallurgical coal prices; impact of weather and
<br />natural disasters on demand, production and transportation; reductions and/or deferrals of purchases by major
<br />customers and the company's ability to renew sales contracts; credit and performance risks associated with
<br />customers, suppliers, contract miners, co -shippers, and trading, banks and other financial counterparties; geologic,
<br />equipment, permitting, site access, operational risks and new technologies related to mining; transportation
<br />availability, performance and costs; availability, timing of delivery and costs of key supplies, capital equipment or
<br />commodities such as diesel fuel, steel, explosives and tires; impact of take -or -pay agreements for rail and port
<br />commitments for the delivery of coal; successful implementation of business strategies, including, without limitation,
<br />the actions we are implementing to improve our organization and respond to current market conditions; negotiation of
<br />labor contracts, employee relations and workforce availability; our ability to successfully consummate the planned
<br />sale of our assets in New Mexico and Colorado (including the purchaser's ability to successfully obtain financing) and
<br />the divestiture of our interest in the Prairie State Energy Campus; changes in postretirement benefit and pension
<br />obligations and their related funding requirements; replacement and development of coal reserves; our ability to
<br />successfully negotiate transactions with our debt holders, including debt exchanges and debt buybacks; adequate
<br />liquidity and the cost, availability and access to capital and financial markets, including our ability to secure new
<br />financing; ability to appropriately secure the company's obligations for reclamation, federal and state workers'
<br />compensation, federal coal leases and other obligations related to our operations, including our ability to remain
<br />eligible for self -bonding and/or successfully access the commercial surety market; impacts of the degree to which we
<br />are leveraged and our ability to comply with financial and other restrictive covenants in our credit agreement; effects
<br />of changes in interest rates and currency exchange rates (primarily the Australian dollar); effects of acquisitions or
<br />divestitures; economic strength and political stability of countries in which the company has operations or serves
<br />customers; legislation, regulations and court decisions or other government actions, including, but not limited to, new
<br />environmental and mine safety requirements, changes in income tax regulations, sales -related royalties, or other
<br />regulatory taxes and changes in derivative laws and regulations; any additional liabilities or obligations that we may
<br />have as a result of the Patriot Coal bankruptcy, including, without limitation, as a result of litigation filed by third
<br />parties in relation to that bankruptcy; litigation, including claims not yet asserted; terrorist attacks or security threats,
<br />including cybersecurity threats; impacts of pandemic illnesses; and other risks detailed in the company's reports filed
<br />with the Securities and Exchange Commission (SEC).
<br />Included in the company's release of financial information accounted for in accordance with generally accepted
<br />accounting principles (GAAP) are certain non -GAAP financial measures, as defined by SEC regulations. The
<br />company has defined below the non -GAAP financial measures that are used and has included in the tables following
<br />this release reconciliations of these measures to the most directly comparable GAAP measures.
<br />
|