Westjet 2009 Annual Report Download - page 73
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WestJet 2009 Annual Report 43
Three months ended December 31 Twelve months ended December 31
($ in thousands, except per share and per unit data) 2009 2008 2009 2008
Restated Restated
Net earnings
GAAP $ 20,175 $ 42,026 $ 98,178 $ 178,506
Adjusted for:
Non-recurring net future income tax reduction (5,051) - (5,051) -
Non-GAAP $ 15,124 $ 42,026 $ 93,127 $ 178,506
Diluted earnings per share
GAAP $ 0.14 $ 0.33 $ 0.74 $ 1.37
Adjusted for:
Non-recurring net future income tax reduction (0.03) - (0.03) -
Non-GAAP $ 0.11 $ 0.33 $ 0.71 $ 1.37
CASM, excluding fuel and employee profi t share
Operating expenses - GAAP $ 533,938 $ 556,393 $ 2,070,564 $ 2,256,719
Adjusted for:
Aircraft fuel expense (148,853) (177,422) (570,569) (803,293)
Employee profi t share expense (2,297) (6,648) (14,675) (33,435)
Operating expenses, excluding above items - Non-GAAP $ 382,788 $ 372,323 $ 1,485,320 $ 1,419,991
ASMs (in thousands) 4,412,574 4,288,055 17,587,641 17,138,883
CASM, excluding above items - Non-GAAP (cents) 8.67 8.68 8.45 8.29