|
Consolidated Statements of Earnings
(Unaudited)
(In Thousands)
| |
Three Months Ended |
Six Months Ended |
| |
Jun 30/06 |
Jun 30/05 |
Jun 30/06 |
Jun 30/05 |
 |
| |
| Revenue from |
| |
Products and services |
$417,397 |
$287,120 |
$959,337 |
$503,353 |
|
| Expenses |
| |
Products and services sold |
245,860 |
163,570 |
547,777 |
294,455 |
| |
Depreciation, depletion and reclamation |
44,005 |
45,291 |
94,573 |
82,361 |
| |
Administration |
34,969 |
27,311 |
68,308 |
50,613 |
| |
Exploration |
12,007 |
12,491 |
24,792 |
23,662 |
| |
Research and development |
585 |
729 |
1,326 |
1,370 |
| |
Interest and other [note 5] |
(7,675) |
1,210 |
(8,074) |
623 |
| |
Gain on sale of assets |
(1,727) |
(114) |
(1,961) |
(1,315) |
|
| |
328,024 |
250,488 |
726,741 |
451,769 |
|
| Earnings from operations |
89,373 |
36,632 |
232,596 |
51,584 |
| |
Earnings from Bruce Power [note 2] |
- |
14,022 |
- |
43,458 |
| |
Other income (expense) [note 6] |
(1,513) |
739 |
(3,912) |
316 |
|
| Earnings before income taxes and minority interest |
87,860 |
51,393 |
228,684 |
95,358 |
| |
Income tax expense (recovery) [note 7] |
(77,405) |
8,838 |
(64,802) |
18,299 |
| |
Minority interest |
16,595 |
10,121 |
27,367 |
18,335 |
|
| Net earnings |
$148,670 |
$32,434 |
$266,119 |
$58,724 |
|
| Basic earnings per common share [note 8] |
$0.42 |
$0.09 |
$0.76 |
$0.17 |
|
| Diluted earnings per common share [note 8] |
$0.40 |
$0.09 |
$0.72 |
$0.17 |
|
| |
| |
|
Consolidated Statements of Retained Earnings
(Unaudited)
(In Thousands)
|
| |
Six Months Ended |
| |
Jun 30/06 |
Jun 30/05 |
|
| |
| Retained earnings at beginning of period |
$1,114,693 |
$938,809 |
| Net earnings |
266,119 |
58,724 |
| Dividends on common shares |
(28,083) |
(20,820) |
|
| Retained earnings at end of period |
$1,352,729 |
$976,713 |
|
| |
| See accompanying notes to consolidated financial statements |
|
| |
|
|
