Westjet 2015 Annual Report Download - page 65

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WestJet Annual Report 2015 | 63
Consolidated Statement of Earnings
For the years ended December 31
(Stated in thousands of Canadian dollars, except per share amounts)
Note
2015
2014
Revenue:
Guest
3,557,222
3,599,157
Other
472,043
377,395
4,029,265
3,976,552
Operating expenses:
Aircraft fuel
814,498
1,090,330
Salaries and benefits
801,715
724,941
Rates and fees
562,745
520,340
Sales and marketing
325,127
325,370
Depreciation and amortization
264,921
226,740
Aircraft leasing
174,089
182,450
Maintenance
164,305
126,761
Other
251,147
235,362
Employee profit share
100,965
68,787
3,459,512
3,501,081
Earnings from operations
569,753
475,471
Non-operating income (expense):
Finance income
15,529
17,070
Finance cost
(53,665)
(51,838)
Loss on foreign exchange
(10,326)
(2,064)
Loss on disposal of property and equipment
(1,860)
(48,332)
Gain on derivatives
827
-
(49,495)
(85,164)
Earnings before income tax
520,258
390,307
Income tax expense (recovery):
Current
10
123,939
114,521
Deferred
10
28,789
(8,171)
152,728
106,350
Net earnings
367,530
283,957
Earnings per share:
Basic
13
2.94
2.22
Diluted
13
2.92
2.20
The accompanying notes are an integral part of the consolidated financial statements.