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15. Net Earnings per Share
Three months Three months ended March 31, ended March 31, 2013 2012----------------------------------------------------------------------------Net earnings per share computation, basic Net earnings for the period 31.4 27.9 Weighted average shares outstanding (millions) 113.7 111.1----------------------------------------------------------------------------Net earnings per share, basic $0.28 $0.25-------------------------------------------------------------------------------------------------------------------------------------------------------- Three months Three months ended March 31, ended March 31, 2013 2012----------------------------------------------------------------------------Net earnings per share computation, diluted (1) Net earnings for the period 34.1 34.7 Weighted average shares outstanding (millions) 128.0 142.0----------------------------------------------------------------------------Net earnings per share, diluted $0.27 $0.24--------------------------------------------------------------------------------------------------------------------------------------------------------(1) The following convertible debentures have been excluded from this calculation as they were anti-dilutive; 5.85% convertible debentures due October 2015, 6.00% convertible debentures due June 2018, and the 7.50% convertible debentures due December 2014.
16. Supplemental Disclosure of Non-Cash Operating Working Capital Changes
Three months Three months ended March 31, ended March 31, 2013 2012----------------------------------------------------------------------------Changes in non-cash working capital Trade receivables and other (26.1) 40.5 Inventories 40.1 28.1 Trade and other payables (19.8) (31.8) Other 1.7 (2.4)---------------------------------------------------------------------------- (4.1) 34.4--------------------------------------------------------------------------------------------------------------------------------------------------------
17. Supplemental Disclosure of Condensed Consolidated Statement of Comprehensive Income
Three months Three months ended ended March 31, March 31, 2013 2012----------------------------------------------------------------------------Revenues Revenue from products 1,028.2 1,040.4 Revenue from the rendering of services 15.2 15.9 Rental revenue 5.5 5.3 Construction contract revenue (0.5) 2.6 Realized gains on derivative financial instruments 1.5 1.7---------------------------------------------------------------------------- 1,049.9 1,065.9----------------------------------------------------------------------------Cost of sales (includes products and services) Cost of products and services (778.0) (795.5) Depreciation of property, plant and equipment (10.3) (10.9) Realized losses on derivative financial instruments (8.5) (21.4)---------------------------------------------------------------------------- (796.8) (827.8)----------------------------------------------------------------------------Selling, distribution and administrative costs Other selling, distribution and administrative costs 67.8 85.4 Employee future benefit expense 1.5 1.5 Employee costs 95.5 74.9 Depreciation of property, plant and equipment 10.3 10.6 Amortization of intangible assets 4.5 6.3 Losses on disposal of assets 0.4 0.4 Realized (gains) losses on the translation of U.S. denominated net working capital (0.9) 1.2---------------------------------------------------------------------------- 179.1 180.3----------------------------------------------------------------------------Finance expense Interest on borrowing 8.2 9.2 Interest on convertible unsecured subordinated debentures 7.9 9.2 Interest on obligations under finance leases 0.9 1.3 Gain on debenture redemption (0.2) - Unwinding of discount on debentures, borrowing and decommissioning liabilities 1.7 1.7---------------------------------------------------------------------------- 18.5 21.4----------------------------------------------------------------------------
