Consolidated Statements of Earnings

For the years ended December 31 ($Cdn thousands, except per share amounts)	Note	2015	2014
See accompanying notes to consolidated financial statements.
Revenue from products and services		$2,754,378	$2,397,532
Cost of products and services sold		1,744,815	1,420,768
Depreciation and amortization		312,518	338,983
Cost of sales		2,057,333	1,759,751
Gross profit		697,045	637,781
Administration		186,810	176,385
Impairment charges	9,12	215,488	326,693
Exploration		40,259	46,565
Research and development		6,587	5,044
Loss on disposal of assets	9	2,326	44,762
Earnings from operations		245,575	38,332
Finance costs	20	(103,615)	(111,853)
Losses on derivatives	27	(280,610)	(121,160)
Finance income		5,417	7,402
Share of loss from equity-accounted investees	12	(758)	(17,141)
Other income	21	54,723	85,322
Loss before income taxes		(79,268)	(119,098)
Income tax recovery	22	(142,630)	(175,268)
Net earnings from continuing operations		63,362	56,170
Net earnings from discontinued operation	6	—	127,243
Net earnings		$63,362	$183,413
Equity holders		65,286	185,234
Non-controlling interest		(1,924)	(1,821)
Net earnings		$63,362	$183,413
Continuing operations		0.16	0.15
Discontinued operation		—	0.32
Total basic earnings per share	23	$0.16	$0.47
Continuing operations		0.16	0.15
Discontinued operation		—	0.32
Total diluted earnings per share	23	$0.16	$0.47