5 year financial data

5 year financial data

(expressed in thousands of Canadian dollars except per share amounts)
			1997		1996		1995		1994		1993
Earnings
Revenues			$ 642,945		$ 590,861		$ 395,271		$ 347,685		$ 305,846
Expenses
	Products and services sold		316,108		298,205		190,210		175,040		146,700
	Depreciation, depletion and reclamation		122,676		94,974		67,481		57,517		58,032
	Administration/research & development		29,106		26,589		21,246		17,847		12,945
	Exploration		32,023		29,223		16,991		11,890		9,753
	Interest		(7,962)		(3,396)		(4,412)		823		2,267

			491,951		445,595		291,516		263,117		229,697

Earnings from operations			150,994		145,266		103,755		84,568		76,149
	Other income (expense)		(3,958)		(2,422)		1,858		(327)		25


Earnings before income taxes
	and minority interest		147,036		142,844		105,613		84,241		76,174
	Income taxes		65,057		5,311		3,528		3,083		2,833
	Minority interest		-		-		-		14		305

Net earnings			$ 81,979		$ 137,533		$ 102,085		$ 81,144		$ 73,036
Retained earnings at beginning of year			$ 440,206		$ 329,131		$ 253,261		$ 198,154		$ 151,127
Dividends			(27,577)		(26,458)		(26,215)		(26,037)		(26,009)

Retained earnings at end of year			$ 494,608		$ 440,206		$ 329,131		$ 253,261		$ 198,154


Financial Position
Current assets			$ 557,799		$ 355,134		$ 345,801		$ 229,866		$ 247,206
Property, plant and equipment			1,342,728		1,202,557		1,115,785		997,581		972,821
Long-term receivables and investments			188,696		106,741		72,637		20,756		20,643
Inventories			181,479		114,150		133,127		178,559		110,202

Total assets			$ 2,270,702		$ 1,778,582		$ 1,667,350		$ 1,426,762		$ 1,350,872


Current liabilities			$ 285,231		$ 84,022		$ 97,369		$ 63,818		$ 48,882
Long-term debt			129,065		200,018		196,462		61,568		74,927
Provision for reclamation			87,976		64,171		57,338		52,092		48,198
Other liabilities			19,147		10,699		14,524		28,912		9,993
Deferred income taxes			57,050		-		-		-		-
Minority interest			-		-		-		-		5,825
Shareholders' equity			1,692,233		1,419,672		1,301,657		1,220,372		1,163,047

Total liabilities and shareholders' equity			$ 2,270,702		$ 1,778,582		$ 1,667,350		$ 1,426,762		$ 1,350,872

Long-term debt (% of capital employed)			6.5%		11.8%		12.5%		4.5%		5.8%
Current ratio			2.0:1		4.2:1		3.6:1		3.6:1		5.1:1
Long-term debt/equity ratio			.08:1		.14:1		.15:1		.05:1		.06:1


Cash Flows
Cash provided by operations			$ 162,106		$ 177,903		$ 132,521		$ 176,079		$ 127,067
Cash used in investing activities			(324,845)		(162,053)		(252,482)		(106,467)		(63,012)
Cash provided by (used in) financing			257,858		(15,889)		114,143		(42,321)		(115,894)

Increase (decrease) in cash during the year			95,119		(39)		(5,818)		27,291		(51,839)
Cash at beginning of year			14,603		14,642		20,460		(6,831)		45,008


Cash at end of year			$ 109,722		$ 14,603		$ 14,642		$ 20,460		$ (6,831)



Per Common Share
Earnings from operations			$ 2.77		$ 2.75		$ 1.98		$ 1.63		$ 1.47
Net earnings			1.51		2.60		1.95		1.56		1.41
Cash provided by operations			2.98		3.37		2.53		3.38		2.45
Dividends paid			0.50		0.50		0.50		0.50		0.50
Weighted average number of paid common shares		54,413,333		52,833,746		52,359,946		52,034,234		51,942,990


Shareholders' Data
Number of common shares outstanding		57,445,444		53,175,458		52,652,945		52,261,847		52,046,948
Market price (TSE)
	- high		60.00		76.25		51.75		31.13		28.50
	- low		40.00		50.38		29.50		21.75		17.00
	- close		46.40		54.90		50.63		31.13		28.50


Production Data
Uranium concentrates (lbs U₃O₈)		19,257,000		16,560,000		15,160,000		13,991,000		13,221,000
Uranium conversion (tU)			12,594		10,127		10,552		9,490		7,853
Gold (oz)			202,454		40,375		31,623		-		-
Average uranium spot price for the year ($US/lb U₃O₈)			$ 12.04		$ 15.54		$ 11.46		$ 9.31		$ 9.98
Employees at year end			2,469¹		1,350		1,237		1,191		1,133

¹ Includes Cameco's subsidiaries.