Financial results for 2004 have been restated. The non-cash adjustments primarily affect net earnings and earnings per share. For a full description of the changes see Cameco's fourth quarter results.
Cameco
Corporation
Highlights
(Unaudited)
| (Restated) | (Restated) | |||||||||
| Three Months Ended | Nine Months Ended | |||||||||
| Sept 30/04 | Sept 30/03 | Sept 30/04 | Sept 30/03 | |||||||
| Financial (in millions) | ||||||||||
| Revenue | $313 | $232 | $688 | $555 | ||||||
| Earnings from operations | 32 | 13 | 81 | 28 | ||||||
| Net earnings | 52 | 33 | 156 | 175 | ||||||
| Cash provided by operations | 140 | 77 | 169 | 171 | ||||||
| Working capital (end of period) | 594 | 545 | ||||||||
| Net debt to capitalization | 14% | 23% | ||||||||
| Per common share | ||||||||||
| Net earnings | - Basic | $0.90 | $0.60 | $2.74 | $3.12 | |||||
| - Diluted | 0.87 | 0.59 | 2.65 | 3.08 | ||||||
| Dividend | 0.15 | 0.15 | 0.45 | 0.45 | ||||||
| Weighted average number of paid common shares outstanding (in thousands) | 57,251 | 56,158 | 57,005 | 56,008 | ||||||
| Average uranium spot price for the period (US$/lb) | $19.29 | $11.52 | $17.94 | $10.85 | ||||||
| Sales volumes | ||||||||||
| Uranium (in thousands lbs U3O8) | 9,553 | 11,358 | 21,658 | 24,296 | ||||||
| Uranium conversion (tU) | 4,375 | 4,457 | 11,542 | 11,301 | ||||||
| Gold (troy ounces) | 217,595 | 63,303 | 414,755 | 158,398 | ||||||
| Electricity (TWh) | 2.8 | 1.3 | 8.3 | 4.6 | ||||||
| Note: Currency amounts are expressed in Canadian dollars unless stated otherwise. | ||||||||||