Highlights
Cameco Corporation
Highlights
(Unaudited)
| |
Three Months Ended |
Six Months Ended |
|
| |
Jun 30/08 |
Jun 30/07 |
Jun 30/08 |
Jun 30/07 |
|
 |
| |
|
| Financial (in millions) |
|
| |
Revenue |
$620 |
$725 |
$1,213 |
$1,135 |
|
| |
Earnings from operations |
120 |
256 |
283 |
304 |
|
| |
Net earnings |
150 |
205 |
284 |
263 |
|
| |
Adjusted net earnings (i) |
142 |
203 |
293 |
270 |
|
| |
Cash provided by operations |
113 |
155 |
259 |
294 |
|
| |
Working capital (end of period) |
406 |
970 |
|
| |
Net debt to capitalization |
22% |
10% |
|
| |
|
| Per common share |
|
| |
Net earnings |
- Basic |
$0.44 |
$0.58 |
$0.82 |
$0.75 |
|
| |
- Diluted |
0.42 |
0.55 |
0.79 |
0.71 |
|
| |
- Diluted, adjusted (i) |
0.39 |
0.54 |
0.81 |
0.73 |
|
| |
Dividend |
0.06 |
0.05 |
0.12 |
0.10 |
|
| |
|
|
| |
Weighted average number of paid common |
|
| |
shares outstanding (in thousands) |
344,461 |
353,691 |
344,439 |
353,050 |
|
| |
|
| Uranium price information |
|
| |
|
Average uranium spot price for the period (US$/lb) |
$61.33 |
$125.83 |
$67.42 |
$105.42 |
| |
|
Average uranium realized price for the period (US$/lb) |
$47.35 |
$34.69 |
$43.84 |
$30.87 |
| |
|
Average uranium realized price for the period (Cdn$/lb) |
$51.12 |
$40.11 |
$47.64 |
$36.10 |
| |
|
|
|
| Sales volumes |
|
| |
Uranium (in thousands lbs U3O8) |
6,348 |
11,232 |
13,794 |
17,507 |
|
| |
Fuel services (tU) |
3,078 |
3,773 |
6,471 |
6,163 |
|
| |
Gold (troy ounces) |
160,000 |
156,000 |
284,000 |
283,000 |
|
| |
Electricity (TWh) |
1.8 |
2.0 |
3.4 |
3.7 |
|
| |
|
| Note: Currency amounts are expressed in Canadian dollars unless stated otherwise. |
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| |
|
|
| |
|
| (i) |
Net earnings for the six month period ended June 30, 2008, have been adjusted to exclude net recoveries of $28 million related to the restructuring of Centerra as well as charges of $21 million related to the mark-to-market of derivatives and $15 million related to stock compensation. Net earnings for the three month period ended June 30, 2008 have been adjusted to exclude net recoveries of $36 million related to the restructuring of Centerra and $3 million related to the mark-to-market of derivatives as well as a charge of $31 million related to stock compensation. Net earnings for the six month period ended June 30, 2007, have been adjusted to exclude a recovery of $8 million related to the mark-to-market of derivatives and a charge of $15 million related to stock compensation. Net earnings for the three month period ended June 30, 2007 have been adjusted to exclude a recovery of $9 million related to the mark-to-market of derivatives as well as a charge of $7 million related to stock compensation. Adjusted net earnings is a non-GAAP measure. Cameco believes the exclusion of these items provides a more meaningful basis for period-to-period comparisons of the company's financial results. |
