Westjet 2014 Annual Report Download - page 53

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WestJet Annual Report 2014│ 51
(iv) Off-balance-sheet aircraft leases are calculated by multiplying the trailing 12 months of aircraft leasing expense by 7.5. At December 31, 2014, the trailing 12
months of aircraft leasing costs totaled $182,450 (2013 – $175,646).
Diluted operating cash flow per share
($ in thousands, except per share data)
2014
2013
Change
Cash flow from operating activities
571,618
608,147
(36,529)
Weighted average number of shares outstanding - diluted
129,142,940
132,074,002
(2,931,062)
Diluted operating cash flow per share
4.43
4.60
(3.7%)
Free cash flow/Diluted free cash flow per share
($ in thousands, except per share data) 2014 2013 Change
Cash flow from operating activities 571,618 608,147 (36,529)
Adjusted for:
Net Aircraft additions
(618,545)
(639,592)
21,047
Other property and equipment and intangible additions (46,586) (75,580) 28,994
Free cash flow (93,513) (107,025) 13,512
Weighted average number of shares outstanding - diluted
129,142,940
132,074,002
(2,931,062)
Diluted free cash flow per share (0.72) (0.81) (11.1%)
Adjusted net earnings/Adjusted diluted earnings per share
($ in thousands, except share and per share data) 2014 2013 Change
Net earnings
283,957 268,722 15,235
Adjusted for:
Special item(i) 33,231 -
33,231
Adjusted net earnings
317,188 268,722 48,466
Weighted average number of shares outstanding - diluted 129,142,940 132,074,002 (2,931,062)
Adjusted diluted earnings per share 2.46 2.03 21.2%
(i) After-tax non-cash loss recorded in the third quarter of 2014 associated with the sale of 10 aircraft to Southwest.