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Selected Financial Data

Five Years in Review

(In millions, except per share amounts)		2004	2003	2002	2001	2000
Revenues and Income
Revenues	$	4,718.1	3,998.6	3,733.8	3,584.0	3,798.6
Income (loss) from continuing operations before cumulative effect of change in accounting principle	$	100.6	18.2	69.4	38.3	(2.1)
Income (loss) from discontinued operations (a)		20.9	11.2	(43.3)	(21.7)	(202.5)
Cumulative effect of change in accounting principle (b)		-	-	-	-	(52.0)
Net income (loss)	$	121.5	29.4	26.1	16.6	(256.6)
Financial Position
Property and equipment, net	$	914.0	873.2	871.2	915.5	925.8
Total assets		2,678.2	2,548.6	2,459.9	2,423.2	2,478.7
Long-term debt, less current maturities		181.6	221.5	304.2	257.4	313.6
Shareholders’ equity		674.0	495.6	381.2	476.1	475.8
Per Common Share
Basic, net income (loss):
Continuing operations	$	1.84	0.34	1.31	0.74	-
Discontinued operations (a)		0.39	0.21	(0.83)	(0.43)	(4.07)
Cumulative effect of change in accounting principle (b)		-	-	-	-	(1.04)
Total basic	$	2.23	0.55	0.48	0.31	(5.11)
Diluted, net income (loss):
Continuing operations	$	1.82	0.34	1.30	0.73	(0.01)
Discontinued operations (a)		0.38	0.21	(0.82)	(0.42)	(4.07)
Cumulative effect of change in accounting principle (b)		-	-	-	-	(1.04)
Total diluted	$	2.20	0.55	0.48	0.31	(5.12)
Cash dividends	$	0.10	0.10	0.10	0.10	0.10
Weighted Average Common Shares Outstanding
Basic		54.6	53.1	52.1	51.2	50.1
Diluted		55.3	53.2	52.4	51.4	50.1

(a)

Income (loss) from discontinued operations reflects the operations and losses on disposal of the Company’s former coal, natural gas, timber and gold operations. Some of the expenses recorded within discontinued operations through 2002 are continuing after the disposition of the coal business and are recorded within continuing operations in 2003 and 2004. The expenses that continue primarily consist of postretirement and other employee benefits associated with Company-sponsored plans and black lung obligations, and administrative and legal expenses to oversee residual assets and retained benefit obligations. See notes 4 and 6. In accordance with APB No. 30, the Company included these expenses within discontinued operations for periods prior to 2003. Beginning in 2003, expenses related to Company-sponsored pension and postretirement benefit obligations, black lung obligations and related administrative costs are recorded as a component of continuing operations. The amount of expenses related to postretirement and other employee benefits associated with the Company-sponsored plans and black lung obligations that were charged to discontinued operations were $2 million, $53 million, and $48 million for the years ended 2002, 2001, and 2000, respectively. Future adjustments to contingent liabilities will continue to be recorded within discontinued operations.

(b)

The Company’s results for 2000 include a noncash after-tax charge of $52.0 million, or $1.04 per diluted share, to reflect the cumulative effect of a change in accounting principle pursuant to guidance issued in Staff Accounting Bulletin No. 101, “Revenue Recognition in Financial Statements,” by the Securities and Exchange Commission in December 1999 and a related interpretation issued in October 2000.