Consolidated Earnings

Financial Information

Financial Information

Consolidated Earnings

Consolidated Statements of Earnings

For the years ended December 31
($Cdn thousands, except per share amounts)
2008  2007 
         
Revenue from        
Products and services $ 2,859,158  $ 2,309,741 
         
Expenses        
Products and services sold (i)   1,517,760    1,211,664 
Depreciation, depletion and reclamation   293,315    225,539 
Administration   115,791    127,229 
Exploration   78,258    66,813 
Research and development   4,998    3,609 
Interest and other [note 13]   300,394    (32,673)
Cigar Lake remediation   11,369    29,403 
Restructuring of gold business [note 23]   17,200    113,000 
Stock option plan amendment [note 20]     94,175 
Gain on sale of assets [note 14]   (4,097)   (4,028)
    2,334,988    1,834,731 
Earnings from operations   524,170    475,010 
Other expense [note 15]   (39,273)   (9,078)
Earnings before income taxes and minority interest   484,897    465,932 
Income tax (recovery) expense [note 16]   (24,755)   29,468 
Minority interest   59,535    20,352 
Net earnings $ 450,117  $ 416,112 
Basic earnings per common share [note 26] $ 1.29  $ 1.18 
Diluted earnings per common share [note 26] $ 1.28  $ 1.13 
         
(i) Excludes depreciation, depletion and reclamation expenses of: $ 284,456  $ 217,398 
See accompanying notes to consolidated financial statements.
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