2010 Consolidated Financial Results

In 2009, we sold all of our shares of Centerra.

We have recast our consolidated financial results for 2008 and 2009 for comparison to show the impact of Centerra as a discontinued operation, as required under Canadian GAAP. The change affected a number of financial measures, including revenue, gross profit, administration costs and income tax expense. See note 24 to the financial statements for more information.

Highlights
December 31 ($ millions except per share amounts)
2010 2009 2008 change from
2009 to 2010
Revenue 2,124 2,315 2,183 (8)%
Gross profit 744 750 829 (1)%
Net earnings 515 1,099 450 (53)%
$ per common share (basic) 1.31 2.83 1.29 (54)%
$ per common share (diluted) 1.30 2.82 1.28 (54)%
Adjusted net earnings (non-GAAP) 496 528 525 (6)%
$ per common share (adjusted and diluted) 1.25 1.35 1.49 (7)%
Cash provided by operations (after working capital changes) 507 690 530 (27)%
Cameco 2010 Annual Report