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Quarterly Results Archive

QUARTERLY REPORTS

2011 Q2

Consolidated Statement of Earnings

(Unaudited)
($Cdn Thousands, except per share amounts)
Three Months Ended  Six Months Ended 
Jun 30/11  Jun 30/10  Jun 30/11  Jun 30/10 
         
Revenue from products and services  $ 425,705  $ 546,055  $ 879,965  $ 1,030,771 
         
Cost of products and services sold  268,059  306,123  536,783  555,063 
Depreciation, depletion and amortization  49,758  60,074  98,871  112,252 
         
Cost of sales  317,817  366,197  635,654  667,315 
Gross profit  107,888  179,858  244,311  363,456 
         
Administration   34,205  28,937   67,968  59,889 
Exploration   17,133  17,743   34,958  32,910 
Research and development   732  933   1,727  1,621 
Cigar Lake remediation    1,395  5,126   4,447  7,839 
Loss (gain) on sale of assets    719  (51)  695  183 
         
Earnings from operations   53,704  127,170   134,516  261,014 
Finance costs  (19,704) (21,307) (39,562) (43,636)
Gains (losses) on derivatives   11,859  (59,695)  35,588  (17,070)
Finance income  6,463  4,428   13,116  8,171 
Share of loss from equity-accounted investees   (2,324) (1,865) (5,016) (2,839)
Other income   352  628  4,975  2,633 
         
Earnings before income taxes   50,350   49,359   143,617   208,273 
Income tax expense (recovery) (873) (18,714) 2,934  (2,081)
Net earnings  $ 51,223  $ 68,073  $ 140,683  $ 210,354 
         
Net earnings (loss) attributable to:         
Equity holders  $ 53,742  $ 70,171   $ 145,226  $ 213,337 
Non-controlling interest  (2,519) (2,098) (4,543) (2,983)
         
Net earnings  $ 51,223  $ 68,073  $ 140,683  $ 210,354 
         
Earnings per common share attributable to equity holders         
Basic  $0.14  $0.18  $0.37  $0.54 
Diluted  $0.14  $0.18  $0.37  $0.54 
         
See accompanying notes to condensed consolidated interim financial statements.