Teck Cominco 2005
Comparative Ten Year Figures ($ in millions, except per share information)
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
Earnings and Cash Flow Revenue Operating profit
4,415 2,006
3,428 1,124
2,228 270
2,042 155
2,184 364
1,153 234
622 78
715 94
720 106
732 137
Depreciation and amortization Interest Exploration
274 69 70
275 61 42
223 65 30
206 60 34
230 74 59
142 55 32
93 49 27
96 44 30
94 42 39
89 34 36
Earnings before unusual items Unusual items, net of taxes Net earnings (loss)
1,345 — 1,345
669 (52) 617
93 41 134
13 — 13
89 (122) (33)
73 — 73
45 — 45
15 (64) (49)
50 (225) (175)
64 191 255
Cash flow from operations Sale of investments Capital expenditures Investments
1,670 118 326 220
1,143 21 216 132
314 24 158 297
185 28 177 18
393 43 326 313
233 13 207 148
110 38 237 192
128 20 146 20
140 16 202 70
158 121 154 60
$ 6.62 $ 6.62 $ 0.80
$ 3.45 $ 3.18 $ 0.30
$ 0.49 $ 0.71 $ 0.20
$ 0.06 $ 0.06 $ 0.20
$ 0.61 $ (0.25) $ 0.20
$ 0.66 $ 0.66 $ 0.20
$ 0.42 $ 0.42 $ 0.20
$ 0.15 $ (0.51) $ 0.20
$ 0.51 $ (1.81) $ 0.20
$ 0.66 $ 2.65 $ 0.20
Balance Sheet Working capital Total assets
3,152 8,809
1,351 6,059
541 5,375
635 5,066
609 5,241
760 5,210
249 2,662
268 2,340
324 2,359
430 2,580
Long-term debt Shareholders’ equity
1,508 4,383
627 3,221
1,045 2,427
933 2,454
1,005 2,486
875 1,653
425 1,613
452 1,275
416 1,344
351 1,530
Per Share Net earnings before unusual items Net earnings (loss) Dividends — Class A and Class B shares
Notes: (1) The company accounted for its investment in Cominco on an equity basis, with its interest in Cominco shown as an investment on the balance sheet and its share of earnings as equity earnings on the earnings statement, until it increased its ownership to 50% in October 2000. Commencing the fourth quarter of 2000, the Cominco accounts were consolidated, resulting in major increases to the balance sheet and earnings statement numbers offset by a provision for the 50% minority interest. In July 2001, the company acquired the remaining 50% through a merger with Cominco, eliminating the minority interest provisions. (2) Antamina results are consolidated beginning July 1, 2003 and were equity accounted for before that date. (3) Certain numbers have been restated due to the adoption of new accounting standards. (4) Unusual items comprise significant writedowns and gains and losses on disposition of investments.
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