Earnings Statement
Consolidated Statements of Earnings
(Unaudited)
($Cdn Thousands)
| |
Three Months Ended |
Year Ended |
| |
Dec 31/07 |
Dec 31/06 |
Dec 31/07 |
Dec 31/06 |
 |
| |
| Revenue from |
| |
Products and services |
$493,918 |
$512,069 |
$2,309,741 |
$1,831,690 |
|
| |
| Expenses |
|
| |
Products and services sold |
325,015 |
334,984 |
1,211,664 |
1,127,772 |
| |
Depreciation, depletion and reclamation |
56,672 |
58,642 |
225,539 |
199,665 |
| |
Administration |
15,333 |
43,813 |
127,229 |
143,014 |
| |
Exploration |
17,067 |
14,686 |
66,813 |
58,152 |
| |
Research and development |
841 |
799 |
3,609 |
2,682 |
| |
Interest and other [note 8] |
(2,319) |
2,576 |
(32,673) |
(3,708) |
| |
Cigar Lake remediation |
6,094 |
20,559 |
29,403 |
20,559 |
| |
Restructuring of gold business [note 16] |
8,000 |
- |
113,000 |
- |
| |
Stock option plan amendment [note 13] |
- |
- |
94,175 |
- |
| |
Loss (gain) on sale of assets [note 9] |
(927) |
458 |
(4,028) |
(51,826) |
|
| |
425,776 |
476,517 |
1,834,731 |
1,496,310 |
|
| Earnings from operations |
68,142 |
35,552 |
475,010 |
335,380 |
| |
Other income (expense) [note 10] |
(973) |
(744) |
(9,078) |
10,046 |
|
| Earnings before income taxes and minority interest |
67,169 |
34,808 |
465,932 |
345,426 |
| |
Income tax expense (recovery) [note 11] |
(1,724) |
(8,540) |
29,468 |
(68,843) |
| |
Minority interest |
7,395 |
3,008 |
20,352 |
38,554 |
|
| Net earnings |
$61,498 |
$40,340 |
$416,112 |
$375,715 |
|
| Basic earnings per common share [note 12] |
$0.18 |
$0.11 |
$1.18 |
$1.07 |
|
| Diluted earnings per common share [note 12] |
$0.17 |
$0.11 |
$1.13 |
$1.02 |
|
| |
|
|
|
|
| See accompanying notes to consolidated financial statements |
