Consolidated Earnings
For the years ended December 31 ($Cdn thousands, except per share amounts) |
Note | 2013 | (Revised – note 3) 2012 |
---|---|---|---|
See accompanying notes to consolidated financial statements. | |||
Revenue from products and services | $2,438,723 | $1,890,660 | |
Cost of products and services sold | 1,549,238 | 1,133,263 | |
Depreciation and amortization | 282,756 | 217,381 | |
Cost of sales | 1,831,994 | 1,350,644 | |
Gross profit | 606,729 | 540,016 | |
Administration | 184,976 | 180,900 | |
Impairment charges | 9 | 70,159 | 168,000 |
Exploration | 72,833 | 97,260 | |
Research and development | 7,302 | 9,301 | |
Loss (gain) on sale of assets | 6,766 | (1,660) | |
Earnings from operations | 264,693 | 86,215 | |
Finance costs | 20 | (62,121) | (67,654) |
Gains (losses) on derivatives | 27 | (61,970) | 41,416 |
Finance income | 6,967 | 13,934 | |
Share of earnings from BPLP | 12 | 109,553 | 157,846 |
Share of loss from equity-accounted investees | 12 | (10,867) | (5,896) |
Other expense | 21 | (18,326) | (24,746) |
Earnings before income taxes | 227,929 | 201,115 | |
Income tax recovery | 22 | (89,758) | (50,641) |
Net earnings | $317,687 | $251,756 | |
Net earnings (loss) attributable to: | |||
Equity holders | $318,495 | $253,309 | |
Non-controlling interest | (808) | (1,553) | |
Net earnings | $317,687 | $251,756 | |
Earnings per common share attributable to equity holders | |||
Basic | 23 | $0.81 | $0.64 |
Diluted | 23 | $0.81 | $0.64 |