Content
Consolidated Statements of Earnings
|
Year ended December 31, (millions of dollars, except per share amounts) |
2007 |
2006 |
2005 |
|---|---|---|---|
Revenues |
|
|
|
Commodity sales |
9,536.4 |
8,264.5 |
6,193.5 |
Transportation |
2,115.5 |
2,095.1 |
1,938.1 |
Energy services |
267.5 |
284.9 |
321.5 |
|
11,919.4 |
10,644.5 |
8,453.1 |
Expenses |
|
|
|
Commodity costs |
9,009.5 |
7,824.6 |
5,728.4 |
Operating and administrative |
1,163.7 |
1,084.2 |
1,057.6 |
Depreciation and amortization |
596.9 |
587.4 |
575.3 |
|
10,770.1 |
9,496.2 |
7,361.3 |
|
1,149.3 |
1,148.3 |
1,091.8 |
Income from Equity Investments |
167.8 |
180.3 |
116.8 |
Other Investment Income (Note 21) |
195.1 |
107.8 |
142.4 |
Interest Expense (Note 12) |
(550.0) |
(567.1) |
(539.2) |
|
962.2 |
869.3 |
811.8 |
Non-Controlling Interests |
(45.9) |
(54.7) |
(27.6) |
|
916.3 |
814.6 |
784.2 |
Income Taxes (Note 19) |
(209.2) |
(192.3) |
(221.3) |
Earnings |
707.1 |
622.3 |
562.9 |
Preferred Share Dividends |
(6.9) |
(6.9) |
(6.9) |
Earnings Applicable to Common Shareholders |
700.2 |
615.4 |
556.0 |
Earnings per Common Share (Note 15) |
1.97 |
1.81 |
1.65 |
Diluted Earnings per Common Share (Note 15) |
1.95 |
1.79 |
1.63 |
The accompanying notes are an integral part of these consolidated financial statements.