|
In US$ millions, except per share data and ratios
| |
|
IFRS |
|
|
CAN GAAP |
|
|
CAN GAAP |
|
|
CAN GAAP |
|
|
CAN GAAP |
|
|
| Fiscal |
|
2011 |
|
|
2011 |
|
|
2010 |
|
|
2009 |
|
|
2008 |
|
|
| INCOME STATEMENT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net sales |
$ |
1,725.7 |
|
$ |
1,726.0 |
|
$ |
1,311.5 |
|
$ |
1,038.3 |
|
$ |
1,249.7 |
|
|
| EBITDA(1) |
$ |
312.9 |
|
$ |
312.5 |
|
$ |
278.4 |
|
$ |
160.6 |
|
$ |
249.8 |
|
|
| Net earnings |
$ |
234.2 |
|
$ |
239.9 |
|
$ |
198.2 |
|
$ |
95.3 |
|
$ |
146.4 |
|
|
| Diluted earnings per share(2) |
$ |
1.91 |
|
$ |
1.96 |
|
$ |
1.63 |
|
$ |
0.79 |
|
$ |
1.20 |
|
|
| Adjusted net earnings(1) |
$ |
246.8 |
|
$ |
245.5 |
|
$ |
203.6 |
|
$ |
99.7 |
|
$ |
151.3 |
|
|
| Adjusted diluted earnings per share(1)(2) |
$ |
2.02 |
|
$ |
2.01 |
|
$ |
1.67 |
|
$ |
0.82 |
|
$ |
1.24 |
|
|
| CASH FLOW |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating cash flow(3) |
$ |
282.1 |
|
$ |
310.8 |
|
$ |
270.6 |
|
$ |
159.5 |
|
$ |
191.2 |
|
|
Change in non-cash
working capital balances |
$ |
(118.4) |
|
$ |
(129.2) |
|
$ |
30.9 |
|
$ |
9.7 |
|
$ |
47.7 |
|
|
| Capital expenditures |
$ |
(160.0) |
|
$ |
(164.7) |
|
$ |
(127.9) |
|
$ |
(44.9) |
|
$ |
(97.0) |
|
|
| Free cash flow(1) |
$ |
18.0 |
|
$ |
7.3 |
|
$ |
175.9 |
|
$ |
132.2 |
|
$ |
148.4 |
|
|
| FINANCIAL POSITION |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total assets |
$ |
1,858.5 |
|
$ |
1,889.7 |
|
$ |
1,327.5 |
|
$ |
1,074.5 |
|
$ |
1,085.7 |
|
|
| Long-term debt (including current portion) |
$ |
209.0 |
|
$ |
209.0 |
|
$ |
- |
|
$ |
4.4 |
|
$ |
53.0 |
|
|
| Net indebtedness (cash in excess of total indebtedness)(1) |
$ |
127.0 |
|
$ |
120.2 |
|
$ |
(258.4) |
|
$ |
(95.3) |
|
$ |
40.6 |
|
|
| Shareholders' equity |
$ |
1,311.1 |
|
$ |
1,327.3 |
|
$ |
1,114.4 |
|
$ |
910.8 |
|
$ |
811.5 |
|
|
| FINANCIAL RATIOS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| EBITDA margin |
|
18.1% |
|
|
18.1% |
|
|
21.2 % |
|
|
15.5 % |
|
|
20.0 % |
|
|
| Net debt to EBITDA |
|
0.4x |
|
|
0.4x. |
|
|
n.a |
|
|
n.a |
|
|
0.2 x |
|
|
| Net earnings margin(4) |
|
14.3% |
|
|
14.2% |
|
|
15.5 % |
|
|
9.6 % |
|
|
12.1 % |
|
|
| Return on shareholders' equity(5) |
|
20.0% |
|
|
20.0% |
|
|
20.2 % |
|
|
11.3 % |
|
|
19.8 % |
|
|
(1)EBITDA, Adjusted net earnings, Adjusted diluted earnings per share, Free cash flow and Cash in excess of total indebtedness (Net indebtedness) are non-GAAP measures. See “Non-GAAP Measures” on page 45 of the 2011 Management’s Discussion and Analysis.
(2) All per share data reflect the effect of the stock split in May 2007.
(3) Cash flows from operating activities before net changes in non-cash working capital balances.
(4) Adjusted net earnings divided by net sales.
(5) Adjusted net earnings divided by average shareholders' equity for the period.
n.a. Not Applicable
Certain minor rounding variances exist between the financial statements and this summary.
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