EC1Direct economic value
This indicator provides information about Cameco’s annual revenue, operating costs, employee wages and benefits, payments to providers of capital, payments to governments, community investments and economic value retained.
|Employee Wages and Benefits||312,561||395,220|
|Payments to Providers of Capital||104,097||144,200|
|Payments to Government||26,545||31,027|
|Economic Value Retained||-35,206||-44,909|
All figures in Canadian dollars (1,000s).
Revenue by region
(Revenue is attributed to the customer location)
What it means
In 2019, revenue decreased due to a reduction in the sales volumes of uranium and a decrease in the Canadian dollar average realized price despite an increase in the uranium spot price. Operating costs decreased mainly due to the lower uranium sales volumes. Employee wages and benefits were down due to a reduced overall workforce. The transition to a single annual dividend payment in 2019 resulted in reduced payments to shareholders. Finally, payments to government were down because of lower tax requirements overall due to reduced profits.
Starting in 2019, revenue is reported based on geographic location of the customer and we have included the comparable information for 2018. Prior to that revenue was reported based on geographic location Cameco providing services to the customer.
For more information on payments to governments, please see Cameco’s Extractive Sector Transparency Measures Act Annual Report