Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Consolidated Statements of Earnings
(US dollars and shares in thousands, except per share amounts)
Sales
Cost of sales
Cost of sales, excluding depletion
Depletion
Total cost of sales
Gross margin
General and administrative expenses
Share based compensation
Donations and community investments
Impairment (impairment reversal) of mineral stream interests
Earnings from operations
Gain on disposal of mineral stream interest
Other (income) expense
Earnings before finance costs and income taxes
Finance costs
Earnings before income taxes
Income tax (expense) recovery
Net earnings
Basic earnings per share
Diluted earnings per share
Weighted average number of shares outstanding
Basic
Diluted
1) Presentation of historical figures have been revised to conform with current year classifications - see Note 2.
Years Ended December 31
2021¹
Note
2022
6 $ 1,065,053 $ 1,201,665
The accompanying notes form an integral part of these consolidated financial statements.
Consolidated Statements of Comprehensive Income
(US dollars in thousands)
Net earnings
Other comprehensive income
Items that will not be reclassified to net earnings
Gain (loss) on LTIs¹
Income tax recovery (expense) related to LTIS
Total other comprehensive income (loss)
Total comprehensive income
1) LTIs-long-term investments-common shares held.
13
7
8
9
14
13
10
21.3
27
25
25
$
Note
$
$
$
$
$
$
$
$
$
18 $
27
267,621 $
231,952
$
$
499,573 $
565,480 $
35,831
20,060
6,296
(8,611)
669,635 $
(509)
669,126 $
511,904 $ 754,657
(155,868)
(7,449)
675,221 $
5,586
1.482 $
1.479 $
451,570
452,344
WHEATON PRECIOUS METALS 2022 ANNUAL REPORT - FINANCIAL STATEMENTS [7]
287,947
254,793
542,740
2022
669,126 $
658,925
35,119
19,265
6,601
(156,717)
21,052 $
(6,513)
14,539 $
683,665 $
(5,776)
760,433
5,817
754,616
269
754,885
1.677
1.673
Years Ended December 31
450,138
451,170
2021
754,885
(14,000)
(2,314)
(16,314)
738,571
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Transcribed Image Text:Consolidated Statements of Earnings (US dollars and shares in thousands, except per share amounts) Sales Cost of sales Cost of sales, excluding depletion Depletion Total cost of sales Gross margin General and administrative expenses Share based compensation Donations and community investments Impairment (impairment reversal) of mineral stream interests Earnings from operations Gain on disposal of mineral stream interest Other (income) expense Earnings before finance costs and income taxes Finance costs Earnings before income taxes Income tax (expense) recovery Net earnings Basic earnings per share Diluted earnings per share Weighted average number of shares outstanding Basic Diluted 1) Presentation of historical figures have been revised to conform with current year classifications - see Note 2. Years Ended December 31 2021¹ Note 2022 6 $ 1,065,053 $ 1,201,665 The accompanying notes form an integral part of these consolidated financial statements. Consolidated Statements of Comprehensive Income (US dollars in thousands) Net earnings Other comprehensive income Items that will not be reclassified to net earnings Gain (loss) on LTIs¹ Income tax recovery (expense) related to LTIS Total other comprehensive income (loss) Total comprehensive income 1) LTIs-long-term investments-common shares held. 13 7 8 9 14 13 10 21.3 27 25 25 $ Note $ $ $ $ $ $ $ $ $ 18 $ 27 267,621 $ 231,952 $ $ 499,573 $ 565,480 $ 35,831 20,060 6,296 (8,611) 669,635 $ (509) 669,126 $ 511,904 $ 754,657 (155,868) (7,449) 675,221 $ 5,586 1.482 $ 1.479 $ 451,570 452,344 WHEATON PRECIOUS METALS 2022 ANNUAL REPORT - FINANCIAL STATEMENTS [7] 287,947 254,793 542,740 2022 669,126 $ 658,925 35,119 19,265 6,601 (156,717) 21,052 $ (6,513) 14,539 $ 683,665 $ (5,776) 760,433 5,817 754,616 269 754,885 1.677 1.673 Years Ended December 31 450,138 451,170 2021 754,885 (14,000) (2,314) (16,314) 738,571
Consolidated Balance Sheets
(US dollars in thousands)
Assets
Current assets
Cash and cash equivalents
Accounts receivable
Cobalt inventory
Other
Total current assets
Non-current assets
Mineral stream interests
Early deposit mineral stream interests
Mineral royalty interest
Long-term equity investments
Refundable deposit - 777 PMPA
Convertible notes receivable
Property, plant and equipment
Other
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable and accrued liabilities
Current taxes payable
Current portion of performance share units
Current portion of lease liabilities
Total current liabilities
Non-current liabilities
Performance share units
Lease liabilities
Deferred income taxes
Pension liability
Total non-current liabilities
Total liabilities
Shareholders' equity
Issued capital
Reserves
Retained earnings
Total shareholders' equity
Total liabilities and shareholders' equity
/s/ Randy Smallwood
Randy Smallwood
Director
Note
The accompanying notes form an integral part of these consolidated financial statements.
26 $
11
12
28
13 15 16 18 197 20 29
As at
December 31
2022
27
24.1
21.2
24.1
21.2
27
31
$
13 $ 5,707,019 $ 5,905,797
$
$
$
$
$
$
22 $
23
$
$
/s/Marilyn Schonberner
Marilyn Schonberner
Director
696,089 $
10,187
10,530
3,287
720,093 $
As at
December 31
2021
46,092
6,606
256,095
8,073
226,045
11,577
8,712
3,390
249,724
12,570 $
2,763
14,566
818
30,717 $
17,086
4,210
5,509
11,718
15,211
6,039,813 $ 6,046,427
6,759,906 $
6,296,151
6,673
1,152
165
3,524
11,514 $
42,231 $
34,741
6,606
61,477
13,939
132
14,807
813
29,691
11,498
2,060
100
2,685
16,343
46,034
3,752,662 $ 3,698,998
66,547
47,036
2,898,466
2,504,083
6,717,675 $
6,250,117
6,759,906 $ 6,296,151
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Transcribed Image Text:Consolidated Balance Sheets (US dollars in thousands) Assets Current assets Cash and cash equivalents Accounts receivable Cobalt inventory Other Total current assets Non-current assets Mineral stream interests Early deposit mineral stream interests Mineral royalty interest Long-term equity investments Refundable deposit - 777 PMPA Convertible notes receivable Property, plant and equipment Other Total non-current assets Total assets Liabilities Current liabilities Accounts payable and accrued liabilities Current taxes payable Current portion of performance share units Current portion of lease liabilities Total current liabilities Non-current liabilities Performance share units Lease liabilities Deferred income taxes Pension liability Total non-current liabilities Total liabilities Shareholders' equity Issued capital Reserves Retained earnings Total shareholders' equity Total liabilities and shareholders' equity /s/ Randy Smallwood Randy Smallwood Director Note The accompanying notes form an integral part of these consolidated financial statements. 26 $ 11 12 28 13 15 16 18 197 20 29 As at December 31 2022 27 24.1 21.2 24.1 21.2 27 31 $ 13 $ 5,707,019 $ 5,905,797 $ $ $ $ $ $ 22 $ 23 $ $ /s/Marilyn Schonberner Marilyn Schonberner Director 696,089 $ 10,187 10,530 3,287 720,093 $ As at December 31 2021 46,092 6,606 256,095 8,073 226,045 11,577 8,712 3,390 249,724 12,570 $ 2,763 14,566 818 30,717 $ 17,086 4,210 5,509 11,718 15,211 6,039,813 $ 6,046,427 6,759,906 $ 6,296,151 6,673 1,152 165 3,524 11,514 $ 42,231 $ 34,741 6,606 61,477 13,939 132 14,807 813 29,691 11,498 2,060 100 2,685 16,343 46,034 3,752,662 $ 3,698,998 66,547 47,036 2,898,466 2,504,083 6,717,675 $ 6,250,117 6,759,906 $ 6,296,151
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