Income Statements

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Annual
CONSOLIDATED STATEMENTS OF EARNINGS AND RETAINED EARNINGS

(in millions of Canadian dollars except where noted)

Year ended Dec. 31    

 
  2010 2009

2008 
Revenues 2,819 2,770 3,110
Fuel and purchased power 1,202 1,228 1,493
  1,617 1,542 1,617
Operations, maintenance, and administration 634 667 637
Depreciation and amortization 459 475 428
Taxes, other than income taxes 27 22 19
  1,120 1,164 1,084
  497 378 533
Foreign exchange gain (loss) 10 8 (12)
Asset impairment charges (89) (16) -
Net interest expense (178) (144) (110)
Equity loss - - (97)
Other income - 8 5
Earnings before non-controlling interests and income taxes 240 234 319
Non-controlling interests 20 38 61
Earnings before income taxes 220 196 258
Income tax expense 1 15 23
Net earnings 219 181 235
Preferred share dividends  1  -  -
Net earnings applicable to common shares 218 181 235
Retained earnings      
Opening balance 634  688 763
  Common share dividends (319) (235) (215)
  Shares cancelled under NCIB - - (95)
Closing balance 533 634 688
Weighted average number of common shares outstanding in the year 219 201 199
       
Net earnings per common share, basic and diluted 1.00 0.90 1.18

 Notes to financial statements 

Quarterly
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

(in millions of Canadian dollars except per share amounts)

 

3 months ended Sept 30

  

9 months ended Sept 30
Unaudited 2011 2010   2011 2010
           
Revenues 629 651   1,962 1,894
Fuel and purchased power 258 315   655 857
  371 336   1,307 1,307
Operations, maintenance, and administration 138 119   400 381
Depreciation and amortization 115 125   349 347
Taxes, other than income taxes 7 7   21 21
  260 251   770 749
  111 85   537 288
Finance lease income 2 2   6 6
Equity income  14 11   16 8
Gain on sale of assets - -   3 -
Other income 1 -   2 -
Foreign exchange gain 1 1   - 4
Asset impairment charges (5) -   (14) -
Net interest expense (54) (49)   (151) (130)
Earnings before income taxes 70 50   399 176
Income tax expense (recovery) 9 4   95 (7)
Net earnings 61 46   304 183

 

          
Net earnings attributable to:          
   TransAlta shareholders 54 40   277 163
   Non-controlling interests 7 6   27 20
  61 46   304 183
           
Net earnings attributable to TransAlta shareholders 54 40   277 163
Preferred share dividends 4 -   11 -
Net earnings attributable to common shareholders 50 40   266 163
Weighted average number of common shares outstanding in the period (millions) 223 220   222 220
           
Net earnings per share attributable to common shareholders, basic and diluted 0.22 0.18   1.20 0.74
   

 

Last updated: October 28, 2011