Consolidated Statements of Earnings
| For the years ended December 31 ($Cdn thousands, except per share amounts) |
Note | 2011 | 2010 |
|---|---|---|---|
| See accompanying notes to consolidated financial statements. | |||
| Revenue from products and services | $2,384,404 | $2,123,655 | |
| Cost of products and services sold | 1,333,449 | 1,113,963 | |
| Depreciation and amortization | 274,835 | 238,308 | |
| Cost of sales | 1,608,284 | 1,352,271 | |
| Gross profit | 776,120 | 771,384 | |
| Administration | 157,476 | 154,698 | |
| Exploration | 95,924 | 95,796 | |
| Research and development | 4,514 | 4,794 | |
| Cigar Lake remediation | 4,363 | 16,633 | |
| Loss on disposal of assets | 7,602 | 107 | |
| Earnings from operations | 506,241 | 499,356 | |
| Finance costs | 22 | (73,668) | (86,179) |
| Gains (losses) on derivatives | 29 | (4,417) | 75,183 |
| Finance income | 24,547 | 20,894 | |
| Share of loss from equity-accounted investees | 13 | (7,233) | (4,176) |
| Other income | 23 | 4,920 | 4,388 |
| Earnings before income taxes | 450,390 | 509,466 | |
| Income tax expense | 24 | 11,755 | 3,427 |
| Net earnings | $438,635 | $506,039 | |
| Net earnings (loss) attributable to: | |||
| Equity holders | $450,404 | $516,391 | |
| Non-controlling interest | (11,769) | (10,352) | |
| Net earnings | $438,635 | $506,039 | |
| Earnings per common share attributable to equity holders | |||
| Basic | 25 | $1.14 | $1.31 |
| Diluted | 25 | $1.14 | $1.31 |