Cash proceeds from the sale of non-core assets were $51 million in 2012, $289 million in 2011 and $1.2 billion in 2010.  In 2012, we sold various small, non-core mining properties. 2011 included $128 million for the sale of our Carrapateena  project in Australia and $161 million from other assets and investments in publicly traded companies. 2010 included the  sale of our one-third interest in the Waneta Dam for $825 million, $230 million from the sale of an interest in the future  gold production from our Carmen de Andacollo Operations and $24 million from the sale of gold projects in Turkey. During 2012, we issued US$2.75 billion of long-term notes and used the proceeds to redeem the remaining outstanding  balance of the various high-yield notes issued in 2009 and repay the US$200 million notes due in September 2012.  The notes issued, which are all denominated in U.S. dollars, include $500 million due in 2018 bearing interest at 2.5%,  $500 million due in 2019 bearing interest at 3.0%, $750 million due in 2023 bearing interest at 3.75%, $500 million  due in 2042 bearing interest at 5.2% and $500 million due in 2043 bearing interest at 5.4%. We also repaid the US$200 million notes due in September 2012, and repurchased 3.9 million Class B subordinate  voting shares for cancellation pursuant to our normal course issuer bids at a cost of $129 million. Significant financing activities during 2011 included the US$2 billion of notes issued in July for net proceeds of  $1.9 billion, and the repurchase of 4.8 million Class B subordinate voting shares for $171 million for cancellation  pursuant to our normal course issuer bid. During the first half of 2010, we repaid the remaining outstanding balance of US$2.35 billion on the term loan related  to our 2008 acquisition of Fording Coal with cash flow derived from our operations and proceeds from the sale of  non-core assets. In the latter half of 2010 we initiated three tender offers totalling US$1.450 billion and acquired and  cancelled US$1.993 billion of the high-yield notes that we issued in May 2009. We financed these tender offers with  cash on hand and the issuance of new lower coupon notes maturing in 2017, 2021 and 2040. As a result of the refinancing activities described above, we have reduced the interest cost of our debt and extended  its tenor. At December 31, 2012 the weighted average maturity of our consolidated indebtedness is approximately  16.5 years and the weighted average coupon rate is approximately 4.8%. Teck 2012 Annual Report 58 Financing Activities Quarterly Earnings and Cash Flow ($ in millions except per share data) 2012 2011 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Revenues  $ 2,730  $ 2,505  $ 2,561  $ 2,547 $ 2,972  $ 3,380  $ 2,796  $ 2,366 Gross profit  719 694  735  918 1,212 1,571 1,197 897 EBITDA  527 721 790 781 1,304 1,660 1,461 1,034 Profit attributable to shareholders  145 180 268 218 637 814 756 461 Earnings per share  $ 0.25 $ 0.31 $ 0.46 $ 0.37 $ 1.08 $ 1.38 $ 1.28 $ 0.78 Cash flow from operations  $ 796 $ 587 $ 768 $ 644 $ 1,199 $ 1,383 $ 621 $ 754