Westjet 2011 Annual Report Download - page 64

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│
Consolidated Statement of Earnings
For the years ended December 31
(Stated in thousands of Canadian dollars, except per share amounts)
Note 2011 2010
Revenues:
Guest 2,790,299 2,390,887
Other 281,241 216,407
3,071,540 2,607,294
Expenses:
Aircraft fuel 915,878 674,608
Airport operations 421,561 388,112
Flight operations and navigational charges 344,442 325,582
Sales and distribution 273,364 255,732
Marketing, general and administration 209,880 194,481
Depreciation and amortization 174,751 170,462
Aircraft leasing 165,571 143,381
Maintenance 146,260 117,057
Inflight 139,478 124,303
Employee profit share 23,804 22,222
2,814,989 2,415,940
Earnings from operations 256,551 191,354
Non-operating income (expense):
Finance income 16 15,987 9,910
Finance costs 16 )60,911( (70,914)
Gain on foreign exchange 2,485 2,579
(Loss) gain on disposal of property and equipment )54( 570
Loss on derivatives )6,052( (34)
)48,545( (57,889)
Earnings before income tax 208,006 133,465
Income tax expense: 12
Current 1,236 1,573
Deferred 58,068 41,695
59,304 43,268
Net earnings 148,702 90,197
Earnings per share: 15
Basic 1.06 0.62
Diluted 1.06 0.62
The accompanying notes are an integral part of the consolidated financial statements.
WestJet Annual Report 2011 64