EX-99.2 3 o53423exv99w2.htm EXHIBIT 99.2 exv99w2
EXHIBIT 99.2
Cameco Corporation
Supplementary Financial Information
For the three months ended December 31, 2007 and 2008
($Cdn Thousands)
(Unaudited)
                 
    Three Months Ended  
Earnings   Dec 31/08     Dec 31/07  
 
 
                
Revenue from
                
Products and services
   $ 917,684     $ 493,918  
 
 
                
Expenses
                
Products and services sold
     461,386       325,015  
Depreciation, depletion and reclamation
     90,137       56,672  
Other expenses
     310,489       45,062  
 
 
                
Earnings before income taxes and minority interest
     55,672       67,169  
Income tax recovery
     (8,078 )     (1,724 )
Minority interest
     32,810       7,395  
 
Net earnings
     $30,940       $61,498  
 
 
                
Basic earnings per common share
     $0.08       $0.18  
 
Diluted earnings per common share
     $0.08       $0.17  
 
                 
    Three Months Ended  
Cash Flows   Dec 31/08     Dec 31/07  
 
 
                
Operating activities
                
Net earnings
     $30,940       $61,498  
Items not requiring cash
     212,878       66,722  
Other operating items
     96,203       (71,176 )
 
Cash provided by operations
     340,021       57,044  
 
 
                
Investing activities
                
Additions to property, plant and equipment
     (215,535 )     (135,461 )
Other
     (9,699 )     3,248  
 
Cash used in investing
     (225,234 )     (132,213 )
 
 
                
Financing activities
                
Change in debt
     3,279       26,076  
Issue of shares
     237       215  
Dividends
     (21,941 )     (17,447 )
Shares repurchased
     —       (205,356 )
 
Cash used in financing
     (18,425 )     (196,512 )
 
Increase (decrease) in cash during the period
     $96,362     $ (271,681 )
 

 

 

Cameco Corporation
Supplementary Financial Information
For the three months ended December 31, 2007 and 2008
($Cdn Thousands)
(Unaudited)
Segmented information
For the three months ended December 31, 2008
                                                 
 
    Uranium     Fuel
Services		     Electricity     Gold     Inter-
Segment		     Total  
 
 
                                                
Revenue
   $ 450,067     $ 69,502     $ 126,052     $ 277,253     $ (5,190 )   $ 917,684  
 
                                                
Expenses
                                                
Products and services sold
     224,946       48,767       55,288       136,209       (3,824 )     461,386  
Depreciation, depletion and reclamation
     32,444       7,229       12,073       38,592       (201 )     90,137  
Exploration
     15,425       —       —       9,176       —       24,601  
Other expenses
     7,624       1,991       —       —       —       9,615  
Cigar Lake remediation
     2,486       —       —       —       —       2,486  
Restructuring costs
     —       —       —       8,400       —       8,400  
Gain on sale of assets
     (891 )     —       —       —       —       (891 )
Non-segmented expenses
                                             266,278  
 
 
                                                
Earnings (loss) before income taxes and minority interest
     168,033       11,515       58,691       84,876       (1,165 )     55,672  
Income tax recovery
                                             (8,078 )
Minority interest
                                             32,810  
 
Net earnings
                                             $30,940  
 
For the three months ended December 31, 2007
                                                 
 
    Uranium     Fuel
Services		     Electricity     Gold     Inter-
Segment		     Total  
 
 
                                                
Revenue
   $ 218,881       $76,522     $ 113,785     $ 87,799     $ (3,069 )   $ 493,918  
 
                                                
Expenses
                                                
Products and services sold
     114,479       102,119       55,730       55,917       (3,230 )     325,015  
Depreciation, depletion and reclamation
     23,649       10,135       11,740       11,148       —       56,672  
Exploration
     11,469       —       —       5,598       —       17,067  
Other expenses
     977       —       —       —       —       977  
Cigar Lake remediation
     6,094       —       —       —       —       6,094  
Restructuring costs
     —       —       —       8,000       —       8,000  
Gain on sale of assets
     (927 )     —       —       —       —       (927 )
Non-segmented expenses
                                             13,851  
 
 
                                                
Earnings (loss) before income taxes and minority interest
     63,140       (35,732 )     46,315       7,136       161       67,169  
Income tax recovery
                                             (1,724 )
Minority interest
                                             7,395  
 
Net earnings
                                             $61,498