Cameco Corporation
Supplementary Financial Information
For the three months ended December 31, 2010 and 2009
($Cdn Thousands)
(Unaudited)

	Three Months Ended
Earnings	Dec 31/10			Dec 31/09
Revenue from
Products and services	$	673,409		$	658,706
Expenses
Products and services sold		357,279			386,793
Depreciation, depletion and reclamation		70,678			66,346
Other expenses		30,116			30,619
Earnings before income taxes and minority interest		215,336			174,948
Income tax expense		12,513			2,435
Minority interest		(3,717	)		(1,859	)
Earnings from continuing operations		206,540			174,372
Earnings from discontinued operations		—			424,089
Net earnings	$	206,540		$	598,461
Net earnings per share (diluted)
Continuing operations	$	0.52		$	0.44
Discontinued operations		—			1.08
Total	$	0.52		$	1.52

	Three Months Ended
Cash Flows	Dec 31/10			Dec 31/09
Operating activities
Net earnings	$	206,540		$	598,461
Discontinued operations		—			(424,089	)
Items not requiring cash		62,051			80,915
Other operating items		(148,568	)		(67,081	)
Cash provided by operations		120,023			188,206
Investing activities
Additions to property, plant and equipment		(140,053	)		(98,911	)
Maturity (purchase) of short-term investments		33,925			(202,850	)
Net proceeds on sale of Centerra		—			871,300
Other		20,256			(4,464	)
Cash provided by (used in) investing		(85,872	)		565,075
Financing activities
Change in debt		1,453			(122,402	)
Contributions from minority interest		2,165			—
Issue of shares		12,843			1,737
Dividends		(27,542	)		(23,559	)
Cash used in financing		(11,081	)		(144,224	)
Increase in cash during the period	$	23,070		$	609,057

Note — this information has not been reviewed by our external auditors.

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