Westjet 2012 Annual Report Download - page 61

Download and view the complete annual report

Please find page 61 of the 2012 Westjet annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 95

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95

Consolidated Statement of Earnings
For the years ended December 31
(Stated in thousands of Canadian dollars, except per share amounts)
Note
2012
2011
Revenue:
Guest
3,133,492
Other
293,917
3,427,409
Expenses:
Aircraft fuel
992,787
Airport operations
454,114
Flight operations and navigational charges
366,871
Sales and distribution
313,082
296,954
Marketing, general and administration
208,620
186,290
Depreciation and amortization
185,401
Aircraft leasing
173,412
Inflight
156,411
139,478
Maintenance
154,406
146,260
Employee profit share
46,585
3,051,689
Earnings from operations
375,720
Non-operating income (expense):
Finance income
15
18,391
Finance costs
15
(48,900)
Gain on foreign exchange
1,061
Gain (loss) on disposal of property and equipment
469
Loss on fuel derivatives
16
(6,512)
(35,491)
Earnings before income tax
340,229
Income tax expense:
Current
66,230
Deferred
31,607
11
97,837
Net earnings
242,392
Earnings per share:
Basic
1.79
Diluted
1.78
The accompanying notes are an integral part of the consolidated financial statements.
WestJet 2012 Annual Report
/ 61