Financial Statements for Massey Energy Company

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Massey Energy Company financials

In Millions of USD (except for per share items)	3 months ending 2009-09-30	3 months ending 2009-06-30	3 months ending 2009-03-31	3 months ending 2008-12-31	3 months ending 2008-09-30
Revenue	602.62	683.40	748.75	725.44	751.99
Other Revenue, Total	38.94	14.23	19.34	29.59	11.30
Total Revenue	641.56	697.63	768.09	755.03	763.30
Cost of Revenue, Total	502.59	561.08	608.91	578.24	585.80
Gross Profit	100.04	122.32	139.84	147.20	166.19
Selling/General/Admin. Expenses, Total	21.55	20.00	21.87	14.20	2.82
Research & Development	-	-	-	-	-
Depreciation/Amortization	66.27	67.64	72.64	69.56	65.21
Interest Expense(Income) - Net Operating	-	-	-	-	-
Unusual Expense (Income)	0.00	0.00	-	-9.60	14.92
Other Operating Expenses, Total	0.61	0.58	0.78	0.75	1.05
Total Operating Expense	595.78	648.92	695.34	675.70	669.81
Operating Income	45.78	48.70	72.75	79.33	93.49
Interest Income(Expense), Net Non-Operating	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-
Other, Net	-	-	-	-	-
Income Before Tax	20.88	26.06	56.39	68.11	61.85
Income After Tax	16.46	20.19	43.43	53.63	51.56
Minority Interest	-	-	-	-	-
Equity In Affiliates	-	-	-	-	-
Net Income Before Extra. Items	16.46	20.19	43.43	53.63	51.56
Accounting Change	-	-	-	-	-
Discontinued Operations	-	-	-	-	-
Extraordinary Item	-	-	-	-	-
Net Income	16.46	20.19	43.43	53.63	51.56
Preferred Dividends	-	-	-	-	-
Income Available to Common Excl. Extra Items	16.46	20.19	43.43	53.63	51.56
Income Available to Common Incl. Extra Items	16.46	20.19	43.43	53.63	51.56
Basic Weighted Average Shares	-	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-	-
Dilution Adjustment	0.04	0.04	0.04	0.09	0.04
Diluted Weighted Average Shares	85.66	85.27	85.18	86.86	83.96
Diluted EPS Excluding Extraordinary Items	0.19	0.24	0.51	0.62	0.61
Diluted EPS Including Extraordinary Items	-	-	-	-	-
Dividends per Share - Common Stock Primary Issue	0.06	0.06	0.06	0.06	0.05
Gross Dividends - Common Stock	-	-	-	-	-
Net Income after Stock Based Comp. Expense	-	-	-	-	-
Basic EPS after Stock Based Comp. Expense	-	-	-	-	-
Diluted EPS after Stock Based Comp. Expense	-	-	-	-	-
Depreciation, Supplemental	-	-	-	-	-
Total Special Items	-	-	-	-	-
Normalized Income Before Taxes	-	-	-	-	-
Effect of Special Items on Income Taxes	-	-	-	-	-
Income Taxes Ex. Impact of Special Items	-	-	-	-	-
Normalized Income After Taxes	-	-	-	-	-
Normalized Income Avail to Common	-	-	-	-	-
Basic Normalized EPS	-	-	-	-	-
Diluted Normalized EPS	0.19	0.24	0.51	0.53	0.76

In Millions of USD (except for per share items)	12 months ending 2008-12-31	12 months ending 2007-12-31	12 months ending 2006-12-31	12 months ending 2005-12-31
Revenue	2,897.01	2,330.24	2,129.43	2,060.94
Other Revenue, Total	92.78	83.28	90.43	143.32
Total Revenue	2,989.79	2,413.52	2,219.85	2,204.26
Cost of Revenue, Total	2,245.87	1,904.66	1,818.24	1,701.99
Gross Profit	651.14	425.59	311.19	358.95
Selling/General/Admin. Expenses, Total	77.02	75.84	53.83	68.25
Research & Development	-	-	-	-
Depreciation/Amortization	257.33	246.03	230.54	234.56
Interest Expense(Income) - Net Operating	-	-	-	-
Unusual Expense (Income)	250.60	0.00	0.00	212.38
Other Operating Expenses, Total	3.21	7.31	6.24	8.02
Total Operating Expense	2,856.57	2,233.84	2,108.85	2,225.21
Operating Income	133.22	179.68	111.01	-20.95
Interest Income(Expense), Net Non-Operating	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-
Other, Net	-	-	-	-
Income Before Tax	60.33	129.50	45.02	-75.41
Income After Tax	56.25	94.10	41.62	-101.64
Minority Interest	-	-	-	-
Equity In Affiliates	-	-	-	-
Net Income Before Extra. Items	56.25	94.10	41.62	-101.64
Accounting Change	-	-	-	-
Discontinued Operations	-	-	-	-
Extraordinary Item	-	-	-	-
Net Income	56.25	94.10	40.98	-101.64
Preferred Dividends	-	-	-	-
Income Available to Common Excl. Extra Items	56.25	94.10	41.62	-101.64
Income Available to Common Incl. Extra Items	56.25	94.10	40.98	-101.64
Basic Weighted Average Shares	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-
Dilution Adjustment	0.19	0.20	0.00	0.00
Diluted Weighted Average Shares	82.89	80.65	81.39	76.39
Diluted EPS Excluding Extraordinary Items	0.68	1.17	0.51	-1.33
Diluted EPS Including Extraordinary Items	-	-	-	-
Dividends per Share - Common Stock Primary Issue	0.21	0.17	0.16	0.16
Gross Dividends - Common Stock	-	-	-	-
Net Income after Stock Based Comp. Expense	-	-	-	-
Basic EPS after Stock Based Comp. Expense	-	-	-	-
Diluted EPS after Stock Based Comp. Expense	-	-	-	-
Depreciation, Supplemental	-	-	-	-
Total Special Items	-	-	-	-
Normalized Income Before Taxes	-	-	-	-
Effect of Special Items on Income Taxes	-	-	-	-
Income Taxes Ex. Impact of Special Items	-	-	-	-
Normalized Income After Taxes	-	-	-	-
Normalized Income Avail to Common	-	-	-	-
Basic Normalized EPS	-	-	-	-
Diluted Normalized EPS	3.50	1.17	0.51	0.48

In Millions of USD (except for per share items)	As of 2009-09-30	As of 2009-06-30	As of 2009-03-31	As of 2008-12-31	As of 2008-09-30
Cash & Equivalents	639.99	609.56	566.72	607.00	666.33
Short Term Investments	149.34	74.55	24.91	99.03	211.36
Cash and Short Term Investments	789.33	684.11	591.63	706.03	877.70
Accounts Receivable - Trade, Net	197.43	240.40	295.21	233.27	279.80
Receivables - Other	-	-	-	-	-
Total Receivables, Net	197.43	240.40	295.21	239.89	281.12
Total Inventory	229.83	225.26	256.06	233.17	201.90
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	59.53	39.70	104.90	56.41	162.83
Total Current Assets	1,276.12	1,189.48	1,247.81	1,235.50	1,523.54
Property/Plant/Equipment, Total - Gross	4,574.83	4,520.19	4,455.95	4,373.32	4,188.58
Goodwill, Net	-	-	-	-	-
Intangibles, Net	-	-	-	-	-
Long Term Investments	-	-	-	-	-
Other Long Term Assets, Total	135.34	127.70	127.95	139.19	187.11
Total Assets	3,751.08	3,655.03	3,702.41	3,672.38	3,886.38
Accounts Payable	-	-	-	-	-
Accrued Expenses	63.83	51.62	55.63	56.96	70.55
Notes Payable/Short Term Debt	1.59	1.55	2.05	1.98	0.00
Current Port. of LT Debt/Capital Leases	-	-	-	-	1.93
Other Current liabilities, Total	194.26	169.72	210.58	201.02	452.46
Total Current Liabilities	428.34	386.61	470.51	504.15	726.61
Long Term Debt	1,322.73	1,318.24	1,314.35	1,310.18	1,482.98
Capital Lease Obligations	-	-	-	-	-
Total Long Term Debt	1,322.73	1,318.24	1,314.35	1,310.18	1,482.98
Total Debt	1,324.32	1,319.79	1,316.40	1,312.16	1,484.91
Deferred Income Tax	189.26	183.92	181.09	177.29	137.80
Minority Interest	-	-	-	-	-
Other Liabilities, Total	599.41	573.19	565.26	554.14	476.88
Total Liabilities	2,539.73	2,461.97	2,531.22	2,545.77	2,824.27
Redeemable Preferred Stock, Total	-	-	-	-	-
Preferred Stock - Non Redeemable, Net	-	-	-	-	-
Common Stock, Total	53.46	53.41	53.41	53.38	53.20
Additional Paid-In Capital	555.71	551.05	546.52	542.52	445.16
Retained Earnings (Accumulated Deficit)	696.87	685.51	670.41	632.08	591.97
Treasury Stock - Common	-	-	-	-	0.00
Other Equity, Total	-94.69	-96.91	-99.15	-101.36	-28.21
Total Equity	1,211.35	1,193.06	1,171.19	1,126.61	1,062.11
Total Liabilities & Shareholders' Equity	3,751.08	3,655.03	3,702.41	3,672.38	3,886.38
Shares Outs - Common Stock Primary Issue	-	-	-	-	-
Total Common Shares Outstanding	85.54	85.47	85.48	85.45	85.14

In Millions of USD (except for per share items)	As of 2008-12-31	As of 2007-12-31	As of 2006-12-31	As of 2005-12-31
Cash & Equivalents	607.00	365.22	239.25	319.42
Short Term Investments	39.38	0.00	-	-
Cash and Short Term Investments	646.38	365.22	239.25	319.42
Accounts Receivable - Trade, Net	233.27	156.57	197.10	152.56
Receivables - Other	-	-	-	-
Total Receivables, Net	239.89	172.87	197.10	170.62
Total Inventory	233.17	183.36	191.06	345.65
Prepaid Expenses	-	-	-	-
Other Current Assets, Total	116.06	165.94	172.32	208.87
Total Current Assets	1,235.50	887.39	799.73	1,044.56
Property/Plant/Equipment, Total - Gross	4,373.32	3,649.85	3,477.55	3,283.62
Goodwill, Net	-	-	-	-
Intangibles, Net	-	-	-	-
Long Term Investments	-	-	-	-
Other Long Term Assets, Total	142.64	179.36	164.19	226.03
Total Assets	3,675.84	2,860.67	2,740.70	2,986.52
Accounts Payable	-	-	-	-
Accrued Expenses	56.96	46.51	40.38	40.91
Notes Payable/Short Term Debt	1.98	0.00	0.00	0.00
Current Port. of LT Debt/Capital Leases	-	1.88	2.58	10.68
Other Current liabilities, Total	201.02	171.27	194.42	159.35
Total Current Liabilities	504.15	367.86	354.54	373.73
Long Term Debt	1,463.64	1,102.67	1,102.32	1,102.58
Capital Lease Obligations	-	-	-	-
Total Long Term Debt	1,463.64	1,102.67	1,102.32	1,102.58
Total Debt	1,465.62	1,104.55	1,104.91	1,113.26
Deferred Income Tax	117.27	154.71	116.69	218.80
Minority Interest	-	-	-	-
Other Liabilities, Total	554.14	451.43	469.85	450.43
Total Liabilities	2,639.20	2,076.67	2,043.40	2,145.54
Redeemable Preferred Stock, Total	-	-	-	-
Preferred Stock - Non Redeemable, Net	-	-	-	-
Common Stock, Total	53.38	51.74	51.46	51.21
Additional Paid-In Capital	444.12	237.68	220.65	215.75
Retained Earnings (Accumulated Deficit)	640.50	601.59	515.89	581.62
Treasury Stock - Common	0.00	-79.99	-49.99	0.00
Other Equity, Total	-101.36	-27.02	-40.72	-7.60
Total Equity	1,036.63	784.00	697.29	840.98
Total Liabilities & Shareholders' Equity	3,675.84	2,860.67	2,740.70	2,986.52
Shares Outs - Common Stock Primary Issue	-	-	-	-
Total Common Shares Outstanding	85.45	79.94	82.37	81.94

In Millions of USD (except for per share items)	9 months ending 2009-09-30	6 months ending 2009-06-30	3 months ending 2009-03-31	12 months ending 2008-12-31
Net Income/Starting Line	80.08	63.62	43.43	56.25
Depreciation/Depletion	206.55	140.28	72.64	257.33
Amortization	-	-	-	-
Deferred Taxes	10.12	5.87	3.13	8.56
Non-Cash Items	-24.96	-13.07	-18.50	26.46
Changes in Working Capital	-39.67	-42.31	-59.81	36.48
Cash from Operating Activities	232.11	154.38	40.88	385.08
Capital Expenditures	-222.97	-179.13	-103.70	-736.53
Other Investing Cash Flow Items, Total	39.97	39.38	28.11	-39.96
Cash from Investing Activities	-183.00	-139.76	-75.60	-776.49
Financing Cash Flow Items	0.23	0.00	0.00	40.15
Total Cash Dividends Paid	-15.28	-10.19	-5.09	-21.31
Issuance (Retirement) of Stock, Net	1.19	0.00	0.00	274.71
Issuance (Retirement) of Debt, Net	-2.25	-1.88	-0.47	339.64
Cash from Financing Activities	-16.11	-12.07	-5.56	633.19
Foreign Exchange Effects	-	-	-	-
Net Change in Cash	32.99	2.56	-40.28	241.78
Cash Interest Paid, Supplemental	-	-	-	114.20
Cash Taxes Paid, Supplemental	-	-	-	4.22