Segmented Information

12 Months Ended

Dec. 31, 2020

Based on the primary products we produce and our development projects, we have five reportable segments that we report to our Chief Executive Officer — copper, zinc, steelmaking coal, energy and corporate. The corporate segment includes all of our initiatives in other commodities, our corporate growth activities, and groups that provide administrative, technical, financial and other support to all of our business units. Other operating income (expenses) include general and administration, exploration, research and innovation, and other operating income (expense). Sales between segments are carried out on terms that arm’s-length parties would use. Total assets does not include intra-group receivables between segments. Deferred tax assets have been allocated amongst segments.


(CAD$ in millions)	December 31, 2020
	Copper		Zinc		Steelmaking Coal		Energy		Corporate		Total
Segment revenues	$	2,419	$	3,164	$	3,375	$	454	$	—	$	9,412
Less intra-segment revenues	—		(464)		—		—		—		(464)
Revenues (Note 6(a))	2,419		2,700		3,375		454		—		8,948
Cost of sales	(1,560)		(2,177)		(3,098)		(780)		—		(7,615)
Gross profit (loss)	859		523		277		(326)		—		1,333
Asset impairments (Note 8(a))	—		—		—		(1,244)		—		(1,244)
Other operating expenses	(323)		(98)		(193)		(28)		(357)		(999)
Profit (loss) from operations	536		425		84		(1,598)		(357)		(910)
Net finance income (expense)	(151)		(44)		(56)		(26)		9		(268)
Non-operating income (expense)	38		(4)		13		—		(4)		43
Share of gain (loss) of associates and joint ventures	1		—		—		—		(2)		(1)
Profit (loss) before taxes	424		377		41		(1,624)		(354)		(1,136)

Capital expenditures	1,990		247		1,284		91		16		3,628
Goodwill	391		—		702		—		—		1,093
Total assets	14,546		4,006		17,266		2,658		2,802		41,278


(CAD$ in millions)	December 31, 2019
	Copper		Zinc		Steelmaking Coal		Energy		Corporate		Total
Segment revenues	$	2,469	$	3,487	$	5,522	$	975	$	—	$	12,453
Less intra-segment revenues	—		(519)		—		—		—		(519)
Revenues (Note 6(a))	2,469		2,968		5,522		975		—		11,934
Cost of sales	(1,852)		(2,367)		(3,410)		(965)		—		(8,594)
Gross profit	617		601		2,112		10		—		3,340
Asset impairments (Note 8(a))	(31)		—		(289)		(2,370)		—		(2,690)
Other operating expenses	(183)		(63)		(136)		(26)		(392)		(800)
Profit (loss) from operations	403		538		1,687		(2,386)		(392)		(150)
Net finance income (expense)	(119)		(47)		(60)		(27)		35		(218)
Non-operating income (expense)	50		(9)		(15)		(2)		(121)		(97)
Share of loss of associates and joint ventures	(2)		—		—		—		(1)		(3)
Profit (loss) before taxes	332		482		1,612		(2,415)		(479)		(468)

Capital expenditures	1,757		307		1,197		191		16		3,468
Goodwill	399		—		702		—		—		1,101
Total assets	12,740		3,904		16,032		3,916		2,758		39,350

The geographical distribution of our non-current assets, other than financial instruments, deferred tax assets and post-employment benefit assets, is as follows:


(CAD$ in millions)	December 31, 2020		December 31, 2019
Canada	$	22,410	$	22,033
Chile	10,555		8,697
United States	1,710		1,567
Peru	1,483		1,499
Other	157		149
	$	36,315	$	33,945