EBIT and EBITDAdo not purport to represent cash generated by operating activities and shouldnot be considered in isolation or as a substitute for measures of performancein accordance with generally accepted accounting principles. In addition,because all companies do not calculate EBIT or EBITDA identically, thepresentation here may not be comparable to similarly titled measures of othercompanies. and its respectivesubsidiaries.Forward-Looking Statements Various statements in this document, including those that express a belief,expectation, or intention, as well as those that are not statements ofhistorical fact, are forward-looking statements (as defined in Section 21E ofthe Securities Exchange Act of 1934 and the Private Securities LitigationReform Act of 1995). The forward-looking statements may include projectionsand estimates concerning the timing and success of specific projects, ourfuture production, revenues, income and capital spending.
When we use thewords “believe,” “intend,” “expect,” “may,” “should,” “anticipate,” “could,”"would,” “will,” “estimate,” “plan,” “predict,” “project,” or their negatives,or other similar expressions, the statements which include those words areusually forward-looking statements. When we describe strategy that involvesrisks or uncertainties, we are making forward-looking statements. Theforward-looking statements in this document speak only as of the date of thisdocument; we disclaim any obligation to update these statements unlessrequired by securities law, and we caution you not to rely on them unduly. Wehave based these forward-looking statements on our current expectations andassumptions about future events. While our management considers theseexpectations and assumptions to be reasonable, they are inherently subject tosignificant business, economic, competitive, regulatory and other risks,contingencies and uncertainties, most of which are difficult to predict andmany of which are beyond our control. $195,819$75,082=============== Basic Earnings Per Share$1.08$0.41 ========== Diluted Earnings Per Share$1.08$0.41 ==========Weighted Average Number ofCommon Shares Outstanding:Basic180,576,479182,572,985 ======================Dilutive 182,150,090185,192,551 ======================Dividends Paid Per Share $0.10$0.10 ========== CONSOL ENERGY INC. Stockholders’ Equity1,674,130 1,462,187Noncontrolling Interest225,490 212,159 ——- ——-Total Equity 1,899,620 1,674,346——————–TOTAL LIABILITIES AND EQUITY$7,407,287$7,370,458====================CONSOL ENERGY INC.
AND SUBSIDIARIES(Unaudited) CONSOLIDATED STATEMENTS OF CASH FLOWS (Dollars in thousands)Three Months Ended March 31, ——————– 20092008 —————-Operating Activities:Net Income $204,971 $84,231Adjustments to Reconcile Net Income Attributable to CONSOL Energy Inc. Thirty-five years ago, the American League implemented the designated hitter. On April 6, 1973, Ron Blomberg of the New York Yankees became the first designated hitter in Major League Baseball history, facing Boston Red Sox right-handed pitcher Luis Tiant in his first plate appearance. “Boomer” Blomberg drew a walk.Naturally, the result of the first season of the DH was that the American League posted a higher batting average than the National League, something which has remained a constant to this day.At first, the DH rule was not applied to the World Series. In 1976, Commissioner Bowie Kuhn decided the rule would apply to all games, regardless of venue, but only in even-numbered years This practice lasted until 1985.
The next year, the rule was adapted to its current format of only applying in games played in the American League team’s stadium.Similarly, there was initially no DH in the All-Star Game. Beginning in 1989, the rule was applied only to games played in American League stadiums. When this occurs, fans are allowed to select an AL player to start at that position, while the NL’s manager decides that league’s starting DH.When regular season Interleague Play was introduced in 1997, the rule was, and continues to be, applied in the same fashion.This brings me to my point: Why NOT use the DH in National League parks?Some people point to preserving the purity of the game by having pitchers step to the plate. Others may argue that it’s a totally different style of exciting baseball. Still others say its interesting to watch the managerialmaneuvers late in games.These are valid arguments All of which I support.