|
Consolidated Statements of Earnings
| (millions of Canadian dollars, except per share amounts) |
|
|
|
|
|
| Year ended December 31, |
2006 |
|
2005 |
|
2004 |
| Revenues |
|
|
|
|
|
| Commodity sales |
8,264.5 |
|
6,193.5 |
|
5,826.3 |
| Transportation |
2,095.1 |
|
1,938.1 |
|
1,695.8 |
| Energy services |
284.9 |
|
321.5 |
|
285.7 |
| |
10,644.5 |
|
8,453.1 |
|
7,807.8 |
| Expenses |
|
|
|
|
|
| Commodity costs |
7,824.6 |
|
5,728.4 |
|
5,184.3 |
| Operating and administrative |
1,084.2 |
|
1,057.6 |
|
1,015.0 |
| Depreciation and amortization |
587.4 |
|
575.3 |
|
525.0 |
| |
9,496.2 |
|
7,361.3 |
|
6,724.3 |
| |
1,148.3 |
|
1,091.8 |
|
1,083.5 |
| Income from Equity Investments |
180.3 |
|
116.8 |
|
160.3 |
| Other Investment Income (Note 20) |
107.8 |
|
142.4 |
|
123.9 |
| Gain on Disposal of Investment in AltaGas Income Trust (Note 5) |
– |
|
121.5 |
|
121.5 |
| Interest Expense (Note 12) |
(567.1) |
|
(539.2) |
|
(525.3) |
| |
869.3 |
|
811.8 |
|
963.9 |
| Non-Controlling Interests |
(54.7) |
|
(27.6) |
|
(22.5) |
| |
814.6 |
|
784.2 |
|
941.4 |
| Income Taxes (Note 18) |
(192.3) |
|
(221.3) |
|
(289.2) |
| Earnings |
622.3 |
|
562.9 |
|
652.2 |
| Preferred Share Dividends |
(6.9) |
|
(6.9) |
|
(6.9) |
| Earnings Applicable to Common Shareholders |
615.4 |
|
556.0 |
|
645.3 |
| Earnings Per Common Share (Note 15) |
1.81 |
|
1.65 |
|
1.93 |
| Diluted Earnings Per Common Share (Note 15) |
1.79 |
|
1.63 |
|
1.91 |
| The accompanying notes are an integral part of these consolidated financial statements. |
|
|
