Teck 2005 Annual Report

Page 93

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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