Air Canada 2012 Annual Report Download - page 52

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2012 Air Canada Annual Report
52
11. SELECTED ANNUAL INFORMATION
The following table provides selected annual information for Air Canada for the years 2010 through to 2012.
Full Year
(Canadian dollars in millions, except per share figures) 2012 2011 2010
Operating revenues $12,120 $11,612 $ 10,786
Operating expenses(1) 11,683 11,433 10,554
Operating income before undernoted item 437 179 232
Provision for cargo investigations(2) – – 46
Operating income 437 179 278
Total non-operating expense and income taxes (3) (251) (428) (302)
Net income (loss) from continuing operations 186 (249) (24)
Net loss from discontinued operations – Aveos (55) – –
Net income (loss) $131 $(249) $ (24)
EBITDAR before unusual items(1) (2) (4) $ 1,327 $1,242 $ 1,386
EBITDAR(4) $ 1,451 $1,242 $ 1,432
Basic earnings (loss) per share from continuing operations $0.66 $(0.92) $ (0.12)
Diluted earnings (loss) per share from continuing operations $0.65 $(0.92) $ (0.12)
Basic and diluted loss per share from discontinued operations $(0.20) $– $ –
Diluted earnings (loss) per share $0.45 $(0.92) $ (0.12)
Cash, cash equivalents and short-term investments $2,026 $2,099 $ 2,192
Total assets $9,060 $9,633 $ 10,153
Total long-term liabilities(5) $9,642 $ 10,910 $ 8,884
Total liabilities $12,402 $13,639 $ 11,441
(1) In 2012, Air Canada recorded an operating expense reduction of $124 million related to changes to the terms of the ACPA collective agreement pertaining to retirement
age.
(2) In 2008, Air Canada recorded a provision for cargo investigations of $125 million. In 2010, Air Canada recorded a net reduction of $46 million to this provision.
(3) In 2012, Air Canada recorded a $65 million loss on its investment in Aveos’ parent holding company.
(4) See section 20 "Non-GAAP Financial Measures" of this MD&A for a reconciliation of EBITDAR before a provision adjustment for cargo investigations to operating income
(loss) and EBITDAR to operating income (loss).
(5) Total long-term liabilities include long-term debt (including current portion) and finance leases, pension and other benefit liabilities, maintenance provisions and other
long-term liabilities.