Consolidated Statements of Earnings
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CONSOLIDATED STATEMENTS OF EARNINGS

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(IN THOUSANDS OF CANADIAN DOLLARS, EXCEPT UNIT INFORMATION)



 


For the year ended
For the year ended

 


December 31, 2005
December 31, 2004

Revenues

$922,945
$637,346

Operating costs

382,329
231,724

Income from operations before depreciation, amortization, restructuring and special charges

540,616
405,622

Depreciation and amortization

228,071
252,396

Restructuring and special charges (Note 22)

8,363


Income from operations

304,182
153,226

Financial charges (Note 20)

100,284
43,693

Earnings before income taxes and non-controlling interest

203,898
109,533

Recovery of income taxes (Note 11)

(37,935 ) (33,583 )

Non-controlling interest


36,127

Net earnings

$241,833
$106,989

         
         

Net earnings per unit

$0.55
$0.36

Weighted average number of units outstanding used in computing earnings per unit (Note 16)

421,086,434
297,206,228

Diluted earnings per unit

$0.54
$0.35

Weighted average number of units outstanding used in computing diluted earnings per unit (Note 16)

440,647,209
301,905,927


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