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2013 Consolidated Financial Results

Starting in the first quarter of 2013, IFRS 11 – Joint Arrangements requires that we account for our interest in BPLP using equity accounting. Our results for 2012 throughout this MD&A have been revised for comparative purposes; however, our results for 2011 have not been revised. See New standards and interpretations not yet adopted for more information.

Highlights
December 31 ($ millions except where indicated)
2013 2012 20111 Change From
2012 To 2013
  1. 1 Our 2011 results have not been revised; at that time, we accounted for BPLP using proportional consolidation.
Revenue 2,439 1,891 2,384 29%
Gross profit 607 540 776 12%
Net earnings attributable to equity holders 318 253 450 26%
$ per common share (basic) 0.81 0.64 1.14 27%
$ per common share (diluted) 0.81 0.64 1.14 27%
Adjusted net earnings (non-IFRS) 445 434 509 3%
$ per common share (adjusted and diluted) 1.12 1.10 1.29 2%
Cash provided by operations (after working capital changes) 530 579 745 (8)%