Consolidated Statements of Earnings
(Unaudited)
(In Thousands)
| |
|
Three Months Ended |
| |
Mar 31/06 |
Mar 31/05 |
 |
| |
| Revenue from |
| |
Products and services |
$541,939 |
$216,233 |
|
| Expenses |
| |
Products and services sold |
301,917 |
130,885 |
| |
Depreciation, depletion and reclamation |
50,567 |
37,070 |
| |
Administration |
33,339 |
23,303 |
| |
Exploration |
12,785 |
11,171 |
| |
Research and development |
741 |
641 |
| |
Interest and other [note 5] |
(399) |
(587) |
| |
Gain on sale of assets |
(233) |
(1,201) |
|
| |
398,717 |
201,282 |
|
| Earnings from operations |
143,222 |
14,951 |
| |
Earnings from Bruce Power [note 2] |
- |
29,436 |
| |
Other expense [note 6] |
(2,400) |
(423) |
|
| Earnings before income taxes and minority interest |
140,822 |
43,964 |
| |
Income tax expense [note 7] |
12,603 |
9,461 |
| |
Minority interest |
10,771 |
8,214 |
|
| Net earnings |
$117,448 |
$26,289 |
|
| Basic earnings per common share [note 8] |
$0.34 |
$0.08 |
|
| Diluted earnings per common share [note 8] |
$0.32 |
$0.07 |
|
| |
Consolidated Statements of Retained Earnings
(Unaudited)
(In Thousands) |
| |
|
Three Months Ended |
| |
|
Mar 31/06 |
Mar 31/05 |
|
| Retained earnings at beginning of period |
$1,114,693 |
$938,809 |
| Net earnings |
117,448 |
26,289 |
| Dividends on common shares |
(14,031) |
(10,410) |
|
| Retained earnings at end of period |
$1,218,110 |
$954,688 |
|
| |
| See accompanying notes to consolidated financial statements |
| |
|
