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