Consolidated Statements of Earnings (US dollars and shares in thousands, except per share amounts) Sales Cost of sales Cost of sales, excluding depletion Depletion Total cost of sales Gross margin General and administrative expenses Share based compensation Donations and community investments Impairment (impairment reversal) of mineral stream interests Earnings from operations Gain on disposal of mineral stream interest Other (income) expense Earnings before finance costs and income taxes Finance costs Earnings before income taxes Income tax (expense) recovery Net earnings Basic earnings per share Diluted earnings per share Weighted average number of shares outstanding Basic Diluted 1) Presentation of historical figures have been revised to conform with current year classifications-see Note 2. Note 2021¹ 6 $ 1,065,053 $ 1,201,665 13 684 7 9 14 13 10 21.3 27 25 25 $ 55 $ $ $ $ $ Years Ended December 31 $ $ $ 2022 267,621 $ 231,952 499,573 $ 565,480 $ 35,831 20,060 6,296 (8,611) 511,904 $ (155,868) (7,449) 675,221 $ 5,586 669,635 $ (509) 669,126 $ 1.482 $ 1.479 $ 451,570 452,344 287,947 254,793 542,740 658,925 35,119 19,265 6,601 (156,717) 754,657 (5,776) Y60,433 5,817 754,616 269 754,885 1.677 1.673 450,138 451,170
Consolidated Statements of Earnings (US dollars and shares in thousands, except per share amounts) Sales Cost of sales Cost of sales, excluding depletion Depletion Total cost of sales Gross margin General and administrative expenses Share based compensation Donations and community investments Impairment (impairment reversal) of mineral stream interests Earnings from operations Gain on disposal of mineral stream interest Other (income) expense Earnings before finance costs and income taxes Finance costs Earnings before income taxes Income tax (expense) recovery Net earnings Basic earnings per share Diluted earnings per share Weighted average number of shares outstanding Basic Diluted 1) Presentation of historical figures have been revised to conform with current year classifications-see Note 2. Note 2021¹ 6 $ 1,065,053 $ 1,201,665 13 684 7 9 14 13 10 21.3 27 25 25 $ 55 $ $ $ $ $ Years Ended December 31 $ $ $ 2022 267,621 $ 231,952 499,573 $ 565,480 $ 35,831 20,060 6,296 (8,611) 511,904 $ (155,868) (7,449) 675,221 $ 5,586 669,635 $ (509) 669,126 $ 1.482 $ 1.479 $ 451,570 452,344 287,947 254,793 542,740 658,925 35,119 19,265 6,601 (156,717) 754,657 (5,776) Y60,433 5,817 754,616 269 754,885 1.677 1.673 450,138 451,170
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 13E: Classifications Where would each of the following items most likely be reported in a companys...
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I'd appreciate it if you explain why the largest item is the cost of sales, excluding depletion or the total cost of sales explain why makes sense that the largest costs/expenses is the one identified?
Transcribed Image Text:Consolidated Statements of Earnings
(US dollars and shares in thousands, except per share amounts)
Sales
Cost of sales
Cost of sales, excluding depletion
Depletion
Total cost of sales
Gross margin
General and administrative expenses
Share based compensation
Donations and community investments
Impairment (impairment reversal) of mineral stream interests
Earnings from operations
Gain on disposal of mineral stream interest
Other (income) expense
Earnings before finance costs and income taxes
Finance costs
Earnings before income taxes
Income tax (expense) recovery
Net earnings
Basic earnings per share
Diluted earnings per share
Weighted average number of shares outstanding
Basic
Diluted
1) Presentation of historical figures have been revised to conform with current year classifications - see Note 2.
Note
2022
2021¹
6 $ 1,065,053 $ 1,201,665
13
7894
14
13
10
21.3
27
25
25
$
19
$
$
$
$
$
69 69
$
Years Ended December 31
$
267,621 $
231,952
499,573 $
565,480 $
35,831
20,060
6,296
(8,611)
511,904 $
(155,868)
(7,449)
675,221
5,586
$
669,635 $
(509)
669,126 $
1.482
$
1.479 $
451,570
452,344
287,947
254,793
542,740
658,925
35,119
19,265
6,601
(156,717)
754,657
(5,776)
Y60,433
5,817
754,616
269
754,885
1.677
1.673
450,138
451,170
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