Consolidated Statements of Earnings
For the years ended December 31 ($Cdn thousands, except per share amounts) |
Note | 2014 | (Revised – note 6) 2013 |
---|---|---|---|
See accompanying notes to consolidated financial statements. | |||
Revenue from products and services | $2,397,532 | $2,438,723 | |
Cost of products and services sold | 1,420,768 | 1,549,238 | |
Depreciation and amortization | 338,983 | 282,756 | |
Cost of sales | 1,759,751 | 1,831,994 | |
Gross profit | 637,781 | 606,729 | |
Administration | 176,385 | 184,976 | |
Impairment charges | 10,12,13 | 326,693 | 70,159 |
Exploration | 46,565 | 72,833 | |
Research and development | 5,044 | 7,302 | |
Loss on disposal of assets | 10 | 44,762 | 6,766 |
Earnings from operations | 38,332 | 264,693 | |
Finance costs | 21 | (77,122) | (62,121) |
Losses on derivatives | 28 | (121,160) | (61,970) |
Finance income | 7,402 | 6,967 | |
Share of loss from equity-accounted investees | 13 | (17,141) | (14,107) |
Other income (expense) | 22 | 50,591 | (18,326) |
Earnings (loss) before income taxes | (119,098) | 115,136 | |
Income tax recovery | 23 | (175,268) | (117,230) |
Net earnings from continuing operations | 56,170 | 232,366 | |
Net earnings from discontinued operation | 6 | 127,243 | 85,321 |
Net earnings | $183,413 | $317,687 | |
Net earnings (loss) attributable to: | |||
Equity holders | $185,234 | $318,495 | |
Non-controlling interest | (1,821) | (808) | |
Net earnings | $183,413 | $317,687 | |
Earnings per common share attributable to equity holders | |||
Continuing operations | 0.15 | 0.59 | |
Discontinued operation | 0.32 | 0.22 | |
Total basic earnings per share | 24 | $0.47 | $0.81 |
Continuing operations | 0.15 | 0.59 | |
Discontinued operation | 0.32 | 0.22 | |
Total diluted earnings per share | 24 | $0.47 | $0.81 |