Powerful - Financial Highlights
We demonstrated our financial strength again this year, and achieved a number of performance records. We finished the year with $1.2 billion in cash and short-term investments, while our total debt amounted to $1 billion.
| December 31 ($ millions except where indicated) |
2011 | 2010 | change | |
|---|---|---|---|---|
| * Adjusted net earnings, a non-IFRS measure, should be considered supplemental in nature and not a substitute for related information prepared in accordance with IFRS. Other companies may calculate this measure differently. A reconciliation of adjusted net earnings to net earnings is available on page 34 of Cameco's February 29, 2012 Annual Management's Discussion and Analysis. | ||||
| Revenue | $2,384 | $2,124 | 12% | |
| Gross profit | 776 | 771 | 1% | |
| Net earnings | 450 | 516 | (13)% | |
| $ per common share (diluted) | 1.14 | 1.31 | (13)% | |
| Adjusted net earnings (non-IFRS)* | 509 | 497 | 2% | |
| $ per common share (adjusted and diluted) | 1.29 | 1.26 | 2% | |
| Cash provided by operations (after working capital changes) | 732 | 521 | 40% | |
| Average realized uranium prices | $US/lb | 49.17 | 43.63 | 13% |
| $Cdn/lb | 49.18 | 45.81 | 7% | |
| Production (Cameco's Share) | ||||
| Uranium production (million lbs U3O8) | 22.4 | 22.8 | (2)% | |
| Financial Ratios | ||||
| Current ratio (current assets/current liabilities) | 3.7:1 | 4.3:1 | ||
| Return on common shareholders' equity | 9.40% | 11.30% | ||