2015 Consolidated Financial Results
On January 31, 2014, we announced the sale of our 31.6% limited partnership interest in BPLP and related entities for $450 million. The sale closed on March 27, 2014 and has been accounted for as being completed effective January 1, 2014.
Under IFRS, we are required to report the results from discontinued operations separately from continuing operations. We have included our operating earnings from BPLP, and the financial impact of the sale, in discontinued operations.
Throughout this document, for comparison purposes, all results for “earnings from continuing operations” and “cash from continuing operations” have been revised to exclude BPLP. The impact of BPLP is shown separately as a discontinued operation.
| Highlights December 31 ($ millions except where indicated) |
2015 | 2014 | 2013 | Change From 2014 To 2015 |
|---|---|---|---|---|
| Revenue | 2,754 | 2,398 | 2,439 | 15% |
| Gross profit | 697 | 638 | 607 | 9% |
| Net earnings attributable to equity holders | 65 | 185 | 318 | (65)% |
| $ per common share (basic) | 0.16 | 0.47 | 0.81 | (65)% |
| $ per common share (diluted) | 0.16 | 0.47 | 0.81 | (65)% |
| Adjusted net earnings (non-IFRS) | 344 | 412 | 445 | (17)% |
| $ per common share (adjusted and diluted) | 0.87 | 1.04 | 1.12 | (16)% |
| Cash provided by operations (after working capital changes) | 450 | 480 | 524 | (6)% |