Precision Drilling Corporation
(NYSE:PDS)

Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling and related products and services in North America and the Middle East. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling ...

Website: http://www.precisiondrilling.com

Founded: 1951

Full Time Employees: 4,496

Sector: Energy

Industry: Oil & Gas Drilling

Canadian Energy

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Quarterly

Annual

Unit: USD	2019-10-25	2019-10-24	2019-07-25	2019-06-30	2019-04-25	2019-03-31	2019-02-14	2018-10-25	2018-07-26	2018-02-15	2017-10-27	2017-07-31	2016-10-21	2016-04-25	2016-02-11	2015-10-22	2015-09-30	2015-07-24	2015-07-23	2015-04-27	2015-03-31	2015-02-12	2014-10-27	2014-09-30	2014-07-24	2014-06-30	2014-04-28	2014-03-31	2014-02-13	2013-11-01	2013-10-24	2013-07-25	2013-06-30	2013-05-06	2013-04-25	2013-02-14	2012-10-25	2012-09-30	2012-06-30	2012-03-31	2012-01-17	2011-12-22	2011-07-22	2011-06-30	2011-02-10	2010-10-21	2010-07-22	2009-03-31	2009-02-09	2009-01-21	2008-03-28	2007-11-09	2007-03-31	2007-03-30

revenue	375,552,000	375,552,000	359,424,000	359,424,000	434,043,000	434,043,000	427,010,000	382,457,000	330,716,000	347,187,000	314,504,000	275,524,000	201,802,000	301,727,000	344,953,000	364,089,000	364,089,000	334,462,000	334,462,000	512,120,000	512,120,000	618,525,000	584,590,000	584,590,000	475,174,000	475,174,000	672,249,000	672,249,000	566,909,000	488,450,000	488,450,000	378,898,000	378,898,000	595,720,000	595,720,000	533,948,000	484,761,000	484,761,000	381,966,000	640,066,000	587,408,000	345,325,000	345,325,000	345,325,000	435,537,000	359,152,000	261,828,000	1,101,900,000	335,049,000		1,009,200,000	227,928,000	410,542,000	1,437,600,000
yoy	-13.48%	-13.48%	-15.83%	-6.02%	31.24%	25.02%	35.77%	38.81%	63.88%	15.07%	-8.83%	-24.33%	-44.57%	-9.79%	3.14%	-28.91%	-28.91%	-45.93%	-42.79%	-12.40%	7.78%	30.17%	-13.04%	-13.04%	-16.18%	-2.72%	37.63%	77.42%	49.62%	-18.01%	-18.01%	-29.04%	-21.84%	22.89%	55.96%	-16.58%	-17.47%	40.38%	10.61%	85.35%	34.87%	-3.85%	31.89%	-68.66%	29.99%		-74.06%	383.44%	-18.39%
qoq	0.00%	4.49%	0.00%	-17.19%	0.00%	1.65%	11.65%	15.65%	-4.74%	10.39%	14.15%	36.53%	-33.12%	-12.53%	-5.26%	0.00%	8.86%	0.00%	-34.69%	0.00%	-17.20%	5.80%	0.00%	23.03%	0.00%	-29.32%	0.00%	18.58%	16.06%	0.00%	28.91%	0.00%	-36.40%	0.00%	11.57%	10.15%	0.00%	26.91%	-40.32%	8.96%	70.10%	0.00%	0.00%	-20.71%	21.27%	37.17%	-76.24%	228.88%			342.77%	-44.48%	-71.44%
expenses:
operating	256,593,000	256,593,000	252,049,000	252,049,000	288,608,000	288,608,000	285,222,000	271,596,000	236,479,000	233,824,000	218,936,000	198,996,000	137,935,000	171,070,000	193,596,000	223,872,000	223,872,000	209,553,000	209,553,000	303,189,000	303,189,000	358,679,000	347,710,000	347,710,000	304,285,000	304,285,000	395,153,000	395,153,000	335,480,000	312,550,000	312,550,000	258,769,000	258,769,000	341,838,000	341,838,000	326,806,000	300,396,000	300,396,000	259,513,000	356,586,000	321,756,000	222,574,000	222,574,000	222,574,000	255,742,000	222,465,000	179,046,000	598,200,000	181,873,000		516,100,000	123,197,000	194,156,000	688,200,000
general and administrative	21,064,000	21,064,000	26,338,000	26,338,000	31,030,000	31,030,000	21,496,000	29,873,000	32,055,000	22,449,000	22,329,000	20,008,000	21,748,000	27,954,000	33,162,000	25,885,000	25,885,000	36,554,000	36,554,000	45,547,000	45,547,000	25,835,000	37,490,000	37,490,000	41,194,000	41,194,000	39,822,000	39,822,000	33,685,000	38,240,000	38,240,000	31,881,000	31,881,000	38,701,000	38,701,000	30,116,000	33,365,000	33,365,000	25,261,000	37,906,000	35,813,000	30,185,000	30,185,000	30,185,000	34,406,000	24,090,000	23,788,000	67,200,000	18,381,000	29,439,000	56,000,000	12,663,000	14,555,000	81,200,000
restructuring					6,438,000	6,438,000							708,000	3,439,000	7,100,000	3,301,000	3,301,000
earnings before income taxes, loss on repurchase of unsecured senior notes, finance charges, foreign exchange, impairment reversal, gain on asset disposals and depreciation and amortization	97,895,000	97,895,000	81,037,000	81,037,000
depreciation and amortization	82,604,000	82,604,000	83,327,000	83,327,000	86,753,000	86,753,000	99,041,000	90,690,000	88,621,000	94,229,000	90,555,000	95,799,000	96,998,000	95,249,000	125,194,000	125,236,000	125,236,000	120,128,000	120,128,000	116,097,000	116,097,000	129,504,000	107,537,000	107,537,000	105,923,000	105,923,000	105,705,000	105,705,000	90,142,000	85,544,000	85,544,000	72,580,000	72,580,000	84,893,000	84,893,000	89,278,000	76,754,000	76,754,000	97,192,000	74,824,000	71,067,000	52,593,000	52,593,000	52,593,000	50,431,000	47,300,000	39,354,000	83,800,000	23,270,000	97,361,000	78,300,000	17,535,000	23,484,000	73,200,000
gain on asset disposals		-3,944,000	-7,859,000		-35,050,000
impairment reversal					-5,810,000
foreign exchange	1,470,000	1,470,000	-3,763,000		-2,123,000		3,198,000	-952,000	556,000	-1,534,000	-685,000	-798,000	-1,402,000	7,581,000	-653,000	-12,510,000	-12,510,000	8,318,000	8,318,000	-28,406,000	-28,406,000	1,169,000	1,812,000	1,812,000	-298,000	-298,000	-3,629,000	-3,629,000	-3,687,000	2,884,000	2,884,000	-5,015,000	-5,015,000	-3,294,000	-3,294,000	-1,857,000	5,277,000	5,277,000	-5,034,000	5,367,000	7,626,000	-527,000	-527,000	-527,000	-1,042,000	-18,003,000	26,085,000	-2,000,000	1,710,000		2,400,000	1,131,000	168,000	-300,000
finance charges	28,490,000	28,490,000	30,385,000	30,385,000	31,303,000	31,303,000	32,220,000	31,176,000	32,103,000	38,196,000	32,218,000	34,532,000	34,673,000	36,237,000	34,230,000	34,783,000	34,783,000	32,348,000	32,348,000	19,682,000	19,682,000	30,468,000	29,239,000	29,239,000	25,562,000	25,562,000	24,432,000	24,432,000	23,328,000	23,411,000	23,411,000	23,950,000	23,950,000	22,559,000	22,559,000	22,107,000	21,741,000	21,741,000	21,819,000	21,920,000	22,392,000	16,180,000	16,180,000	16,180,000	108,508,000	21,848,000	52,242,000
loss on repurchase of unsecured senior notes		-2,239,000	-1,085,000
earnings before income taxes		-8,486,000	-19,968,000		33,207,000	33,207,000								-34,930,000	-416,725,000	-133,019,000	-133,019,000	-72,439,000	-72,439,000	56,011,000	56,011,000	-148,999,000	60,802,000	60,802,000	-1,492,000	-1,492,000	110,766,000	110,766,000	87,961,000	25,821,000	25,821,000	-3,267,000	-3,267,000	111,023,000			47,228,000	47,228,000	14,496,000	143,463,000		24,320,000	24,320,000	24,320,000	-12,508,000	61,452,000	-58,687,000						175,740,000
income taxes:										-64,311,000																																										-3,000
current	1,540,000	1,540,000	1,403,000	1,403,000	1,610,000	1,610,000	2,177,000	1,231,000	3,599,000	-1,670,000	89,000	-640,000	-9,999,000	-2,964,000	2,942,000	818,000	818,000	1,213,000	1,213,000	6,303,000	6,303,000	3,189,000	1,335,000	1,335,000	204,000	204,000	5,444,000	5,444,000	14,681,000	9,786,000	9,786,000	2,455,000	2,455,000	18,095,000	18,095,000	23,416,000	15,135,000	15,135,000	9,186,000	22,839,000	2,897,000	1,012,000	1,012,000	1,012,000	2,879,000	608,000	2,350,000		-716,000	75,427,000			320,000
deferred		-6,492,000	-7,570,000		6,583,000	6,583,000	-4,512,000	-10,509,000	-16,656,000	-15,636,000	-22,651,000	-36,243,000	-26,374,000	-12,083,000	-148,715,000	-47,137,000	-47,137,000	-43,835,000	-43,835,000	25,675,000	25,675,000	-38,144,000	6,654,000	6,654,000	5,478,000	5,478,000	3,765,000	3,765,000	5,359,000	-13,408,000	-13,408,000	-6,195,000	-6,195,000	-385,000	-385,000	-84,587,000	-7,264,000	-7,264,000	-12,951,000	9,543,000	-13,328,000	6,905,000	6,905,000	6,905,000						20,078,000
net earnings		-3,534,000	-13,801,000		25,014,000	25,014,000								-19,883,000	-270,952,000	-86,700,000	-86,700,000	-29,817,000	-29,817,000	24,033,000	24,033,000	-114,044,000	52,813,000	52,813,000	-7,174,000	-7,174,000	101,557,000	101,557,000	67,921,000	29,443,000	29,443,000	473,000	473,000	93,313,000	93,313,000	-116,339,000	39,357,000	39,357,000	18,261,000	111,081,000	28,046,000	16,403,000	16,403,000	16,403,000	5,543,000	61,078,000	-66,547,000	302,700,000	92,376,000		345,800,000	72,658,000	158,067,000	579,600,000
yoy		-114.13%												-33.32%	808.72%	-460.75%	-460.75%	-73.85%	-156.46%	-54.49%	-435.00%	1489.68%	-48.00%	-48.00%	-110.56%	-124.37%	244.93%	21370.82%	14259.62%	-68.45%	-68.45%	-100.41%	-98.80%	137.09%	411.00%	-204.73%	40.33%	139.94%	11.33%	577.20%	405.97%	-73.14%	-124.65%	-94.58%	-94.00%		-119.24%	316.61%	-41.56%
qoq		-74.39%			0.00%									-92.66%	212.52%	0.00%	190.77%	0.00%	-224.07%	0.00%	-121.07%	-315.94%	0.00%	-836.17%	0.00%	-107.06%	0.00%	49.52%	130.69%	0.00%	6124.74%	0.00%	-99.49%	0.00%	-180.21%	-395.60%	0.00%	115.52%	-83.56%	296.07%	70.98%	0.00%	0.00%	195.92%	-90.92%	-191.78%	-121.98%	227.68%			375.93%	-54.03%	-72.73%
net income margin %	0%	-0.94%	-3.84%	0%	5.76%	5.76%	0%	0%	0%	0%	0%	0%	0%	-6.59%	-78.55%	-23.81%	-23.81%	-8.91%	-8.91%	4.69%	4.69%	-18.44%	9.03%	9.03%	-1.51%	-1.51%	15.11%	15.11%	11.98%	6.03%	6.03%	0.12%	0.12%	15.66%	15.66%	-21.79%	8.12%	8.12%	4.78%	17.35%	4.77%	4.75%	4.75%	4.75%	1.27%	17.01%	-25.42%	27.47%	27.57%	NaN%	34.26%	31.88%	38.50%	40.32%
net earnings per share:
basic		-0.01	-0.05		0.09	0.09								-0.07	-0.93	-0.3	-0.3	-0.1	-0.1	0.08		-0.39	0.18	0.18	-0.02	-0.02	0.35	0.35	0.24	0.11	0.11			0.34	0.34		0.14	0.14	0.07	0.4
diluted		-0.01	-0.05		0.08	0.08								-0.07	-0.93	-0.3	-0.3	-0.1	-0.1	0.08		-0.39	0.18	0.18	-0.02	-0.02	0.35	0.35	0.24	0.1	0.1			0.33	0.33		0.14	0.14	0.06	0.39
earnings before income taxes, gain on repurchase of unsecured senior notes, finance charges, foreign exchange, impairment reversal, gain on asset disposals and depreciation and amortization					107,967,000	107,967,000
gain on repurchase of unsecured senior notes					-313,000								-5,108,000	-4,873,000
other recoveries							-14,200,000
earnings before income taxes, gain on redemption and repurchase of unsecured senior notes, finance charges, foreign exchange, impairment of goodwill, impairment of property, plant and equipment and depreciation and amortization							134,492,000
impairment of property, plant and equipment										15,313,000					202,414,000	79,573,000	79,573,000
operating earnings							35,451,000							4,015,000	-382,999,000	-93,778,000	-93,778,000	-31,773,000	-31,773,000	47,287,000	47,287,000	-22,192,000	91,853,000	91,853,000	23,772,000	23,772,000	131,569,000	131,569,000	107,602,000	52,116,000	52,116,000	15,668,000	15,668,000	130,288,000	130,288,000	-104,721,000	74,246,000	74,246,000	30,523,000	170,750,000	43,879,000	39,973,000	39,973,000	39,973,000				354,700,000			356,400,000	73,402,000	178,179,000	595,300,000
impairment of goodwill							207,544,000								149,000	16,968,000	16,968,000					95,170,000														52,539,000
gain on redemption and repurchase of unsecured senior notes							-6,848,000
income before tax							-200,663,000
net income							-198,328,000	-30,648,000	-47,217,000	-47,005,000	-26,287,000	-36,130,000	-47,377,000																																					169,892,000
loss per share:
basic and diluted							-0.68
earnings before income taxes, loss on repurchase and redemption of unsecured senior notes, finance charges, foreign exchange and depreciation and amortization								80,988,000	62,182,000
operating income								-9,702,000	-26,439,000	-18,628,000	-17,316,000	-39,279,000	-55,587,000																																					266,105,000
yoy								-75.30%	-52.44%
qoq								-63.30%	41.93%	7.58%	-55.92%	-29.34%
operating margin %	0%	0%	0%	0%	0%	0%	0%	-2.54%	-7.99%	-5.37%	-5.51%	-14.26%	-27.55%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	Infinity%	0%	0%	0%	0%
loss on repurchase and redemption of unsecured senior notes									1,176,000
income before income taxes								-39,926,000	-60,274,000		-48,849,000	-73,013,000	-83,750,000																																					265,397,000
net income per share
basic and diluted								-0.1
net income per share
basic									-0.16	-0.16	-0.09	-0.12	-0.16																																					930
diluted									-0.16	-0.16	-0.09	-0.12	-0.16																																					790
earnings before income taxes, loss on redemption and repurchase of unsecured senior notes, finance charges, foreign exchange, gain on re-measurement of property, plant and equipment, impairment of property, plant and equipment and depreciation and amortization										90,914,000
gain on re-measurement of property, plant and equipment
loss on redemption and repurchase of unsecured senior notes										9,021,000
earnings before income taxes, gain on repurchase of unsecured senior notes, finance charges, foreign exchange and depreciation and amortization											73,239,000	56,520,000		99,264,000
earnings before income taxes, gain on repurchase of unsecured senior notes, finance charges, foreign exchange, impairment of goodwill, impairment of property, plant and equipment and depreciation and amortization													41,411,000
earnings before income taxes, finance charges, foreign exchange, impairment of goodwill, impairment of property, plant and equipment, loss on asset decommissioning and depreciation and amortization															111,095,000
loss on asset decommissioning															166,486,000							126,699,000														192,469,000					114,893,000
earnings before income taxes, finance charges, foreign exchange, impairment of goodwill, impairment of property, plant and equipment and depreciation and amortization																111,031,000	111,031,000
earnings before income taxes, finance charges, foreign exchange and depreciation and amortization																		88,355,000	88,355,000	163,384,000	163,384,000		199,390,000	199,390,000	129,695,000	129,695,000	237,274,000	237,274,000		137,660,000	137,660,000	88,248,000	88,248,000	215,181,000	215,181,000
earnings per share:
basic																					0.08															-0.42					0.1	0.06	0.06	0.06	0.02	0.22	-0.24
diluted																					0.08															-0.42					0.1	0.06	0.06	0.06	0.02	0.21	-0.24
earnings before income taxes, finance charges, foreign exchange, impairment of goodwill, loss on asset decommissioning and depreciation and amortization																						234,011,000							197,744,000							177,026,000
earnings before tax																																			111,023,000	-177,510,000					17,615,000
earnings before income taxes, other items and depreciation and amortization																																					151,000,000	151,000,000		245,574,000
other items:
other																																							-758,000		-3,754,000								40,000			25,000	27,000	-400,000
earnings before income taxes, other items and
see accompanying notes to interim consolidated financial statements.
earnings before income taxes, other items, loss on asset decommissioning and depreciation and amortization																																									229,839,000
earnings before finance charges, income taxes,
depreciation and amortization and foreign exchange																																										92,566,000		92,566,000
see accompanying notes to consolidated financial statements.
earnings before finance charges, income taxes, depreciation and amortization and foreign exchange																																											92,566,000
weighted-average shares outstanding
basic																																											275,807							182,006,000
diluted																																											289,285							225,649,000
future																																													-20,930,000	-234,000	5,510,000		10,552,000				17,353,000
retained earnings (deficit), beginning of period																																													163,775,000	102,697,000	169,244,000
distributions declared																																																-224,700,000	-77,551,000		-276,700,000	-49,046,000		-471,500,000
retained earnings, end of period																																													169,318,000
earnings per share/unit:
basic																					0.08															-0.42					0.1	0.06	0.06	0.06	0.02	0.22	-0.24
diluted																					0.08															-0.42					0.1	0.06	0.06	0.06	0.02	0.21	-0.24
retained earnings , end of period																																														163,775,000	102,697,000
reorganization costs
ebitda																																																436,500,000			434,700,000			668,500,000
interest																																																14,100,000			7,400,000			8,000,000
premium on redemption of bonds
loss on disposal of short-term investments
earnings from continuing operations before income taxes																																																340,600,000	102,212,000		349,000,000	71,838,000		587,700,000
income taxes																																																37,900,000			6,200,000			15,200,000
earnings from continuing operations																																																302,700,000	92,376,000		342,800,000	69,702,000		572,500,000
discontinued operations, net of tax																																																			3,000,000			7,100,000
retained earnings (deficit), beginning of year																																																-126,100,000			-195,200,000			-303,300,000
adjustment on cash purchase of employee stock options, net of tax
reclassification from contributed surplus on cash buy-out of employee stock options
distribution of disposal proceeds
repurchase of common shares of dissenting shareholders
retained earnings (deficit), end of year																																																-48,100,000			-126,100,000			-195,200,000
earnings per unit/share from continuing operations:
basic																																																2,390,000	720		2,730,000			4,560,000
diluted																																																2,390,000	710		2,730,000			4,560,000
earnings per unit/share:
years ended december 31,
(stated in millions of canadian dollars,
except per unit/share amounts)																																																2,008,000,000			2,007,000,000			2,006,000,000
return on sales — %																																																27,500,000			34,000,000
return on assets — %																																																12,400,000			19,900,000
return on equity — %																																																19,600,000			27,000,000
working capital																																																345,300,000			140,400,000			166,500,000
current ratio																																																2,000,000			2,100,000			1,810,000
pp&e and intangibles																																																3,248,900,000			1,210,900,000			1,108,000,000
total assets																																																4,833,700,000			1,763,500,000			1,761,200,000
long-term debt																																																1,368,300,000	7,767,000		119,800,000	1,623,000	2,530,000	140,900,000
unitholders’ equity																																																2,323,900,000			1,316,700,000			1,217,100,000
long-term debt to long-term debt plus equity																																																370,000			80,000			100,000
net capital expenditures from continuing operations excluding business acquisitions																																																219,100,000			181,200,000			233,700,000
ebitda — % of revenue																																																39,600,000			43,100,000
operating earnings — % of revenue																																																32,200,000			35,300,000
cash flow from continuing operations																																																343,900,000			484,100,000			609,700,000
cash flow from continuing operations per unit/share basic																																																2,720,000			3,850,000
diluted																																																2,710,000			3,850,000			4,860,000
book value per unit/share																																																14,510,000			10,470,000			9,680,000
price earnings ratio																																																4,210,000			5,490,000			5,840,000
basic weighted-average units/shares outstanding																																																126,507,000,000			125,758,000,000			125,545,000,000
interest:
income																																																	-204,000			-84,000
gain on disposal of discontinued operations, net of tax																																																				2,956,000
deficit, beginning of period																																																	-62,893,000			-139,703,000
deficit, end of period																																																	-48,068,000			-116,091,000
earnings per unit:
basic																																																2,390,000	720		2,730,000			4,560,000
diluted																																																2,390,000	710		2,730,000			4,560,000
units outstanding																																																	160,194,000			125,758,000	125,758,000
weighted-average units outstanding																																																	128,752,000
diluted units outstanding																																																	130,293,000
revenues:
contract drilling																																																		906,577,000
costs and expenses:
drilling operations																																																		513,847,000
gain on sale of assets																																																		-175,000
gain on insurance proceeds
total costs and expenses																																																		640,472,000
other income:
interest expense																																																		-13,910,000
interest income																																																		13,202,000
other expense																																																		-708,000
income tax expense:
total income tax expense																																																		95,505,000
net income per common share
basic									-0.16	-0.16	-0.09	-0.12	-0.16																																					930
diluted									-0.16	-0.16	-0.09	-0.12	-0.16																																					790
weighted-average common shares outstanding:
basic																																											275,807							182,006,000
diluted																																											289,285							225,649,000
interest coverage																																																			48,700,000			74,100,000
current future																																																				2,139,000
earnings per unit from continuing operations:
basic and diluted																																																				550	1,260
earnings per unit:
weighted-average and diluted units outstanding																																																				125,758,000	125,758,000
deficit, end of eriod
earnings per unit:
basic and diluted																																																				550	1,260
return on sales —%																																																						39,800,000
return on assets —%																																																						33,600,000
return on equity —%																																																						49,400,000
ebitda —% of revenue																																																						46,500,000
operating earnings —% of revenue																																																						41,400,000
cash flow from continuing operations per unit/share
basic																																																						4,860,000
diluted																																																2,710,000			3,850,000			4,860,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-10-23	2025-10-22	2025-09-30	2025-07-30	2025-07-29	2025-06-30	2025-04-23	2025-03-31	2025-02-12	2024-12-31	2024-10-30	2024-10-29	2024-09-30	2024-07-30	2024-06-30	2024-04-25	2024-03-31	2024-02-06	2023-12-31	2023-10-26	2023-09-30	2023-07-27	2023-06-30	2023-04-26	2023-03-31	2023-02-09	2022-12-31	2022-10-27	2022-09-30	2022-07-27	2022-06-30	2022-04-28	2022-03-31	2022-02-10	2021-12-31	2021-10-21	2021-09-30	2021-07-22	2021-06-30	2021-04-22	2021-03-31	2021-02-10	2020-12-31	2020-10-22	2020-09-30	2020-07-23	2020-06-30	2020-04-30	2020-03-31	2019-12-31	2019-10-24	2019-09-30	2019-07-25	2019-06-30	2019-04-25	2019-03-31	2019-02-14	2018-12-31	2018-10-25	2018-09-30	2018-07-26	2018-06-30	2018-04-26	2018-03-31	2018-02-15	2017-12-31	2017-07-31	2017-06-30	2017-04-24	2017-03-31	2017-02-09	2016-10-21	2016-09-30	2016-07-22	2016-07-21	2016-04-25	2016-03-31	2016-02-11	2015-10-22	2015-09-30	2015-07-24	2015-07-23	2015-06-30	2015-04-27	2015-03-31	2015-02-12	2014-12-31	2014-10-27	2014-09-30	2014-07-24	2014-06-30	2014-04-28	2014-03-31	2014-02-13	2013-12-31	2013-11-01	2013-10-24	2013-09-30	2013-07-25	2013-06-30	2013-05-06	2013-04-25	2013-03-31	2013-02-14	2012-12-31	2012-10-25	2012-09-30	2012-06-30	2012-04-26	2012-03-31	2012-01-17	2011-12-31	2011-12-22	2011-10-21	2011-09-30	2011-07-22	2011-06-30	2011-04-01	2011-03-31	2011-02-10	2010-12-31	2010-10-21	2010-09-30	2010-07-22	2010-06-30	2010-04-22	2010-03-31	2010-02-12	2009-10-22	2009-09-30	2009-07-22	2009-06-30	2009-04-22	2009-02-09	2009-01-21	2008-10-23	2008-09-30	2008-07-23	2008-06-30	2008-04-23	2008-03-31	2008-03-28	2008-02-14	2007-12-31	2007-11-09	2007-10-25	2007-07-26	2007-03-31	2007-03-30	2007-02-15	2006-09-30	2006-03-31

assets
current assets:
cash	38,311,000	38,311,000	38,311,000	46,698,000	46,698,000	46,698,000	28,245,000	28,245,000	73,771,000	73,771,000	24,304,000	24,304,000	24,304,000	48,233,000	48,233,000	30,948,000	30,948,000	54,182,000	54,182,000	49,065,000	49,065,000	22,919,000	22,919,000	41,619,000	41,619,000	21,587,000	21,587,000	40,048,000	40,048,000	51,641,000	51,641,000	24,102,000	24,102,000	40,588,000	40,588,000	57,096,000	57,096,000	63,437,000	63,437,000	77,831,000	77,831,000	108,772,000	108,772,000	177,785,000	177,785,000	175,125,000	175,125,000	97,002,000	97,002,000	74,701,000	93,761,000	93,761,000	80,580,000	80,580,000	101,030,000	101,030,000	96,626,000	96,626,000	109,762,000	109,762,000	94,669,000	94,669,000	81,873,000	81,873,000	65,081,000	65,081,000	95,064,000	95,064,000	120,580,000	120,580,000	115,705,000	352,194,000	352,194,000	455,679,000	455,679,000	476,356,000	476,356,000	444,759,000	438,873,000	438,873,000	433,693,000	433,693,000	433,693,000	449,184,000	449,184,000	491,481,000	491,481,000	558,091,000	558,091,000	576,493,000	576,493,000	106,165,000	106,165,000	80,606,000	80,606,000	81,815,000	81,815,000	81,815,000	127,394,000	127,394,000	94,837,000	94,837,000	94,837,000	152,768,000	152,768,000	226,841,000	226,841,000	398,344,000	369,644,000	369,644,000	467,476,000	467,476,000	207,226,000	501,145,000	501,145,000	207,226,000	207,226,000		129,688,000	256,831,000	256,831,000	208,709,000	208,709,000	186,135,000	186,135,000	132,018,000	132,018,000						129,833,000												116,000	116,000
accounts receivable	365,110,000	365,110,000	365,110,000	318,610,000	318,610,000	318,610,000	397,684,000	397,684,000	378,712,000	378,712,000	401,652,000	401,652,000	401,652,000	376,621,000	376,621,000	432,674,000	432,674,000	421,427,000	421,427,000	393,286,000	393,286,000	353,505,000	353,505,000	437,258,000	437,258,000	413,925,000	413,925,000	419,217,000	419,217,000	316,529,000	316,529,000	344,160,000	344,160,000	255,740,000	255,740,000	249,553,000	249,553,000	207,743,000	207,743,000	220,878,000	220,878,000	207,209,000	207,209,000	175,243,000	175,243,000	192,645,000	192,645,000	314,363,000	314,363,000	310,204,000	348,695,000	348,695,000	313,446,000	313,446,000	384,479,000	384,479,000	372,336,000	372,336,000	342,175,000	342,175,000	314,970,000	314,970,000	355,396,000	355,396,000	322,585,000	322,585,000	284,302,000	284,302,000	319,349,000	319,349,000	293,682,000	205,802,000	205,802,000	175,006,000	175,006,000	235,448,000	235,448,000	311,595,000	363,284,000	363,284,000	315,591,000	315,591,000	315,591,000	495,209,000	495,209,000	598,063,000	598,063,000	547,228,000	547,228,000	474,063,000	474,063,000	607,900,000	607,900,000	549,697,000	549,697,000	478,544,000	478,544,000	478,544,000	396,442,000	396,442,000	567,088,000	567,088,000	567,088,000	509,547,000	509,547,000	496,304,000	496,304,000	394,956,000	619,932,000	619,932,000	576,243,000	576,243,000	379,691,000	510,295,000	510,295,000	379,691,000	379,691,000			414,901,000	414,901,000	339,366,000	339,366,000	267,326,000	267,326,000	367,759,000	367,759,000	283,899,000	266,307,000	266,307,000	213,281,000	213,281,000	457,707,000	601,753,000	176,466,000	326,019,000	326,019,000	173,658,000	173,658,000	361,601,000	361,601,000	256,616,000	256,616,000	176,466,000	227,148,000	227,148,000	150,547,000	389,398,000	354,671,000	354,671	391,389	302,673
inventory	46,255,000	46,255,000	46,255,000	45,722,000	45,722,000	45,722,000	49,176,000	49,176,000	43,300,000	43,300,000	41,398,000	41,398,000	41,398,000	38,459,000	38,459,000	36,018,000	36,018,000	35,272,000	35,272,000	35,045,000	35,045,000	36,667,000	36,667,000	36,562,000	36,562,000	35,158,000	35,158,000	30,319,000	30,319,000	26,547,000	26,547,000	24,681,000	24,681,000	23,429,000	23,429,000	25,770,000	25,770,000	24,761,000	24,761,000	25,605,000	25,605,000	26,282,000	26,282,000	29,137,000	29,137,000	31,502,000	31,502,000	31,754,000	31,754,000	31,718,000	32,249,000	32,249,000	30,559,000	30,559,000	31,173,000	31,173,000	34,081,000	34,081,000	32,115,000	32,115,000	33,784,000	33,784,000	26,787,000	26,787,000	24,631,000	24,631,000	25,737,000	25,737,000	25,577,000	25,577,000	24,136,000	25,438,000	25,438,000	23,748,000	23,748,000	23,665,000	23,665,000	24,245,000	21,279,000	21,279,000	18,417,000	18,417,000	18,417,000	12,391,000	12,391,000	9,170,000	9,170,000	13,517,000	13,517,000	13,573,000	13,573,000	13,606,000	13,606,000	12,378,000	12,378,000	12,745,000	12,745,000	12,745,000	9,278,000	9,278,000	12,030,000	12,030,000	12,030,000	13,787,000	13,787,000	14,541,000	14,541,000	13,135,000	10,818,000	10,818,000	7,163,000	7,163,000	10,202,000	7,063,000	7,063,000	10,202,000	10,202,000		10,610,000	4,933,000	4,933,000	9,733,000	9,733,000	9,427,000	9,427,000	9,149,000	9,149,000	9,008,000	9,108,000	9,108,000	8,924,000	8,924,000	10,377,000	8,652,000		8,599,000	8,599,000	8,301,000	8,301,000	8,826,000	8,826,000	9,255,000	9,255,000		8,762,000	8,762,000	8,545,000	8,406,000	9,073,000	9,073	7,703	7,334
assets held for sale							6,006,000	6,006,000	5,501,000	5,501,000	5,203,000	5,203,000	5,203,000	6,636,000	6,636,000																																				19,453,000	19,453,000	19,373,000	19,373,000	35,340,000	35,340,000	19,658,000	19,658,000																																24,550,000	24,550,000
total current assets	449,676,000	449,676,000	449,676,000	411,030,000	411,030,000	411,030,000	481,111,000	481,111,000	501,284,000	501,284,000	472,557,000	472,557,000	472,557,000	469,949,000	469,949,000	499,640,000	499,640,000	510,881,000	510,881,000	477,396,000	477,396,000	413,091,000	413,091,000	515,439,000	515,439,000	470,670,000	470,670,000	489,584,000	489,584,000	394,717,000	394,717,000	392,943,000	392,943,000	319,757,000	319,757,000	332,419,000	332,419,000	295,941,000	295,941,000	324,314,000	324,314,000	342,263,000	342,263,000	382,165,000	382,165,000	400,466,000	400,466,000	444,357,000	444,357,000	417,765,000	495,369,000	495,369,000	443,958,000	443,958,000	552,022,000	552,022,000	522,701,000	522,701,000	484,052,000	484,052,000	444,375,000	444,375,000	492,910,000	492,910,000	441,746,000	441,746,000	446,188,000	446,188,000	504,238,000	504,238,000	471,610,000	609,923,000	609,923,000	669,195,000	669,195,000	738,849,000	738,849,000	780,599,000	823,436,000	823,436,000	767,701,000	767,701,000	767,701,000	1,011,922,000	1,011,922,000	1,098,714,000	1,098,714,000	1,118,836,000	1,118,836,000	1,088,679,000	1,088,679,000	727,671,000	727,671,000	642,681,000	642,681,000	579,150,000	579,150,000	579,150,000	540,598,000	540,598,000	673,955,000	673,955,000	673,955,000	676,102,000	676,102,000	737,686,000	737,686,000	806,435,000	1,000,394,000	1,000,394,000	1,050,882,000	1,050,882,000	597,119,000	1,074,428,000	1,074,428,000	597,119,000	597,119,000		648,183,000																443,496,000									443,496,000
non-current assets:
deferred tax assets	2,228,000	2,228,000	2,228,000	2,114,000	2,114,000	2,114,000	2,437,000	2,437,000	6,559,000	6,559,000	27,767,000	27,767,000	27,767,000	29,578,000	29,578,000	50,294,000	50,294,000	73,662,000	73,662,000	454,000	454,000	454,000	454,000	454,000	454,000	455,000	455,000	786,000	786,000	840,000	840,000	867,000	867,000	867,000	867,000	1,098,000	1,098,000	1,098,000	1,098,000	1,265,000	1,265,000	1,098,000	1,098,000	5,179,000	5,179,000	6,011,000	6,011,000	4,260,000	4,260,000	4,724,000	3,817,000	3,817,000	12,209,000	12,209,000	20,451,000	20,451,000	36,880,000	36,880,000	33,518,000	33,518,000	38,024,000	38,024,000	41,962,000	41,962,000	41,822,000	41,822,000																																																																					5,145,000									5,145,000
property, plant and equipment	2,267,036,000	2,267,036,000	2,267,036,000	2,245,696,000	2,245,696,000	2,245,696,000	2,342,482,000	2,342,482,000	2,356,173,000	2,356,173,000	2,296,079,000	2,296,079,000	2,296,079,000	2,321,465,000	2,321,465,000	2,349,414,000	2,349,414,000	2,338,088,000	2,338,088,000	2,238,680,000	2,238,680,000	2,224,106,000	2,224,106,000	2,280,492,000	2,280,492,000	2,303,338,000	2,303,338,000	2,343,526,000	2,343,526,000	2,225,236,000	2,225,236,000	2,212,492,000	2,212,492,000	2,258,391,000	2,258,391,000	2,301,873,000	2,301,873,000	2,321,160,000	2,321,160,000	2,390,395,000	2,390,395,000	2,472,683,000	2,472,683,000	2,597,577,000	2,597,577,000	2,704,377,000	2,704,377,000	2,825,129,000	2,825,129,000	2,749,463,000	2,843,384,000	2,843,384,000	2,877,153,000	2,877,153,000	2,951,783,000	2,951,783,000	3,038,612,000	3,038,612,000	3,024,684,000	3,024,684,000	3,130,686,000	3,130,686,000	3,151,344,000	3,151,344,000	3,173,824,000	3,173,824,000	3,422,824,000	3,422,824,000	3,546,913,000	3,546,913,000	3,641,889,000	3,630,139,000	3,630,139,000	3,632,922,000	3,632,922,000	3,670,823,000	3,670,823,000	3,883,332,000	4,231,074,000	4,231,074,000	4,196,907,000	4,196,907,000	4,196,907,000	4,250,719,000	4,250,719,000	3,928,826,000	3,928,826,000	3,823,053,000	3,823,053,000	3,598,286,000	3,598,286,000	3,633,832,000	3,633,832,000	3,561,734,000	3,561,734,000	3,464,748,000	3,464,748,000	3,464,748,000	3,449,040,000	3,449,040,000	3,323,750,000	3,323,750,000	3,323,750,000	3,242,929,000	3,242,929,000	3,334,704,000	3,334,704,000	3,241,526,000	3,054,710,000	3,054,710,000	2,942,296,000	2,942,296,000	2,552,166,000	2,842,333,000	2,842,333,000	2,552,166,000	2,552,166,000		2,505,118,000									2,913,966,000
intangibles	10,353,000	10,353,000	10,353,000	11,241,000	11,241,000	11,241,000	13,537,000	13,537,000	12,997,000	12,997,000	15,566,000	15,566,000	15,566,000	16,659,000	16,659,000	16,367,000	16,367,000	17,310,000	17,310,000	18,047,000	18,047,000	18,231,000	18,231,000	18,550,000	18,550,000	19,575,000	19,575,000	20,609,000	20,609,000	21,678,000	21,678,000	22,752,000	22,752,000	23,915,000	23,915,000	25,087,000	25,087,000	26,241,000	26,241,000	26,500,000	26,500,000	27,666,000	27,666,000	28,832,000	28,832,000	29,967,000	29,967,000	30,562,000	30,562,000	31,746,000	32,000,000	32,000,000	33,227,000	33,227,000	34,508,000	34,508,000	35,401,000	35,401,000	35,406,000	35,406,000	36,129,000	36,129,000	35,156,000	35,156,000	28,116,000	28,116,000	2,834,000	2,834,000	3,260,000	3,260,000	3,316,000	3,673,000	3,673,000	3,977,000	3,977,000	3,147,000	3,147,000	3,363,000	3,714,000	3,714,000	3,931,000	3,931,000	3,931,000	4,149,000	4,149,000	3,302,000	3,302,000	3,399,000	3,399,000	3,615,000	3,615,000	3,538,000	3,538,000	3,917,000	3,917,000	4,501,000	4,501,000	4,501,000	4,431,000	4,431,000	5,290,000	5,290,000	5,290,000	6,101,000	6,101,000	6,923,000	6,923,000	4,872,000	5,611,000	5,611,000	6,471,000	6,471,000	6,150,000	7,415,000	7,415,000	6,150,000	6,150,000		7,068,000	6,366,000	6,366,000	2,055,000	2,055,000	2,458,000	2,458,000	2,739,000	2,739,000	3,156,000	3,681,000	3,681,000	4,421,000	4,421,000	5,244,000
right-of-use assets	59,358,000	59,358,000	59,358,000	60,006,000	60,006,000	60,006,000	63,223,000	63,223,000	66,032,000	66,032,000	63,708,000	63,708,000	63,708,000	64,580,000	64,580,000	65,625,000	65,625,000	63,438,000	63,438,000	57,168,000	57,168,000	60,496,000	60,496,000	59,493,000	59,493,000	60,032,000	60,032,000	59,517,000	59,517,000	51,553,000	51,553,000	50,879,000	50,879,000	51,440,000	51,440,000	52,337,000	52,337,000	51,869,000	51,869,000	53,122,000	53,122,000
finance lease receivables	4,395,000	4,395,000	4,395,000	4,533,000	4,533,000	4,533,000	4,670,000	4,670,000	4,806,000	4,806,000	4,938,000	4,938,000	4,938,000	5,070,000	5,070,000	4,891,000	4,891,000	5,003,000	5,003,000	5,112,000	5,112,000
investments and other assets	7,849,000	7,849,000	7,849,000	8,217,000	8,217,000	8,217,000	8,524,000	8,524,000	8,464,000	8,464,000	6,685,000	6,685,000	6,685,000	6,528,000	6,528,000	10,199,000	10,199,000	9,971,000	9,971,000	10,645,000	10,645,000	15,634,000	15,634,000	16,276,000	16,276,000	20,451,000	20,451,000	11,729,000	11,729,000	9,141,000	9,141,000	12,951,000	12,951,000	7,382,000	7,382,000	7,601,000	7,601,000
total non-current assets	2,351,219,000	2,351,219,000	2,351,219,000	2,331,807,000	2,331,807,000	2,331,807,000	2,434,873,000	2,434,873,000	2,455,031,000	2,455,031,000	2,415,439,000	2,415,439,000	2,415,439,000	2,444,584,000	2,444,584,000	2,497,486,000	2,497,486,000	2,508,154,000	2,508,154,000	2,330,805,000	2,330,805,000	2,319,603,000	2,319,603,000	2,375,960,000	2,375,960,000	2,405,453,000	2,405,453,000	2,437,800,000	2,437,800,000	2,309,969,000	2,309,969,000	2,299,941,000	2,299,941,000	2,341,995,000	2,341,995,000	2,387,996,000	2,387,996,000	2,400,368,000	2,400,368,000	2,471,282,000	2,471,282,000	2,556,615,000	2,556,615,000	2,691,159,000	2,691,159,000	2,803,767,000	2,803,767,000	2,928,217,000	2,928,217,000	2,852,075,000	2,950,365,000	2,950,365,000	2,996,390,000	2,996,390,000	3,079,706,000	3,079,706,000	3,113,342,000	3,113,342,000	3,301,822,000	3,301,822,000	3,413,846,000	3,413,846,000	3,436,793,000	3,436,793,000	3,451,185,000	3,451,185,000	3,631,895,000	3,631,895,000	3,757,298,000	3,757,298,000	3,852,604,000	3,840,401,000	3,840,401,000	3,843,205,000	3,843,205,000	3,880,177,000	3,880,177,000	4,098,091,000	4,445,544,000	4,445,544,000	4,426,146,000	4,426,146,000	4,426,146,000	4,480,725,000	4,480,725,000	4,210,282,000	4,210,282,000	4,198,745,000	4,198,745,000	3,972,797,000	3,972,797,000	4,009,256,000	4,009,256,000	3,936,442,000	3,936,442,000	3,845,263,000	3,845,263,000	3,845,263,000	3,830,080,000	3,830,080,000	3,704,715,000	3,704,715,000	3,704,715,000	3,624,161,000	3,624,161,000	3,769,003,000	3,769,003,000	3,674,704,000	3,488,076,000	3,488,076,000	3,376,992,000	3,376,992,000	3,040,636,000	3,277,096,000	3,277,096,000	3,040,636,000	3,040,636,000		2,994,667,000
total assets	2,800,895,000	2,800,895,000	2,800,895,000	2,742,837,000	2,742,837,000	2,742,837,000	2,915,984,000	2,915,984,000	2,956,315,000	2,956,315,000	2,887,996,000	2,887,996,000	2,887,996,000	2,914,533,000	2,914,533,000	2,997,126,000	2,997,126,000	3,019,035,000	3,019,035,000	2,808,201,000	2,808,201,000	2,732,694,000	2,732,694,000	2,891,399,000	2,891,399,000	2,876,123,000	2,876,123,000	2,927,384,000	2,927,384,000	2,704,686,000	2,704,686,000	2,692,884,000	2,692,884,000	2,661,752,000	2,661,752,000	2,720,415,000	2,720,415,000	2,696,309,000	2,696,309,000	2,795,596,000	2,795,596,000	2,898,878,000	2,898,878,000	3,073,324,000	3,073,324,000	3,204,233,000	3,204,233,000	3,372,574,000	3,372,574,000	3,269,840,000	3,445,734,000	3,445,734,000	3,440,348,000	3,440,348,000	3,631,728,000	3,631,728,000	3,636,043,000	3,636,043,000	3,785,874,000	3,785,874,000	3,858,221,000	3,858,221,000	3,929,703,000	3,929,703,000	3,892,931,000	3,892,931,000	4,078,083,000	4,078,083,000	4,261,536,000	4,261,536,000	4,324,214,000	4,450,324,000	4,450,324,000	4,512,400,000	4,512,400,000	4,619,026,000	4,619,026,000	4,878,690,000	5,268,980,000	5,268,980,000	5,193,847,000	5,193,847,000	5,193,847,000	5,492,647,000	5,492,647,000	5,308,996,000	5,308,996,000	5,317,581,000	5,317,581,000	5,061,476,000	5,061,476,000	4,736,927,000	4,736,927,000	4,579,123,000	4,579,123,000	4,424,413,000	4,424,413,000	4,424,413,000	4,370,678,000	4,370,678,000	4,378,670,000	4,378,670,000	4,378,670,000	4,300,263,000	4,300,263,000	4,506,689,000	4,506,689,000	4,481,139,000	4,488,470,000	4,488,470,000	4,427,874,000	4,427,874,000	3,637,755,000	4,351,524,000	4,351,524,000	3,637,755,000	3,637,755,000		3,642,850,000
liabilities and equity
current liabilities:
accounts payable and accrued liabilities	264,296,000	264,296,000	264,296,000	250,900,000	250,900,000	250,900,000	271,696,000	271,696,000	314,355,000	314,355,000	282,810,000	282,810,000	282,810,000	290,440,000	290,440,000	266,298,000	266,298,000	342,382,000	342,382,000	280,519,000	280,519,000	261,504,000	261,504,000	248,140,000	248,140,000	392,053,000	392,053,000	320,349,000	320,349,000	268,688,000	268,688,000	215,587,000	215,587,000	224,123,000	224,123,000	198,129,000	198,129,000	166,300,000	166,300,000	145,128,000	145,128,000	150,957,000	150,957,000	145,726,000	145,726,000	148,139,000	148,139,000	199,137,000	199,137,000	199,478,000	246,796,000	246,796,000	223,115,000	223,115,000	238,455,000	238,455,000	274,489,000	274,489,000	257,449,000	257,449,000	248,226,000	248,226,000	222,737,000	222,737,000	209,625,000	209,625,000	202,285,000	202,285,000	255,346,000	255,346,000	240,736,000	217,817,000	217,817,000	166,836,000	166,836,000	193,434,000	193,434,000	235,948,000	282,897,000	282,897,000	252,601,000	252,601,000	252,601,000	418,968,000	418,968,000	493,038,000	493,038,000	420,760,000	420,760,000	342,235,000	342,235,000	338,095,000	338,095,000	332,838,000	332,838,000	370,895,000	370,895,000	370,895,000	297,472,000	297,472,000	345,779,000	345,779,000	345,779,000	333,893,000	333,893,000	371,161,000	371,161,000	329,312,000	388,910,000	388,910,000	436,667,000	436,667,000	219,732,000	346,135,000	346,135,000	219,732,000	219,732,000		237,569,000	215,653,000	215,653,000	159,212,000	159,212,000	139,070,000	139,070,000	138,107,000	138,107,000	128,376,000	138,992,000	138,992,000	122,887,000	122,887,000	185,550,000	270,122,000		135,522,000	135,522,000	88,344,000	88,344,000	104,275,000	104,275,000	80,864,000	80,864,000		82,548,000	82,548,000	70,696,000	114,135,000	130,202,000	130,202	139,877	124,810
income taxes payable	2,355,000	2,355,000	2,355,000	1,880,000	1,880,000	1,880,000	4,526,000	4,526,000	3,778,000		3,059,000	3,059,000	3,059,000	1,114,000	1,114,000	3,782,000	3,782,000	3,026,000		3,197,000	3,197,000	1,623,000	1,623,000	3,379,000	3,379,000	2,991,000	2,991,000	1,407,000	1,407,000	695,000	695,000	1,489,000	1,489,000	839,000	839,000	654,000	654,000	885,000	885,000	4,181,000	4,181,000	3,702,000	3,702,000	5,079,000	5,079,000	4,285,000	4,285,000	5,081,000	5,081,000	4,142,000	8,033,000	8,033,000	7,268,000	7,268,000	9,710,000	9,710,000			3,579,000	3,579,000																																																												863,000	863,000	2,056,000	2,056,000																													4,906
current portion of lease obligations	18,039,000	18,039,000	18,039,000	18,388,000	18,388,000	18,388,000	19,703,000	19,703,000	20,559,000	20,559,000	19,263,000	19,263,000	19,263,000	18,962,000	18,962,000	18,584,000	18,584,000	17,386,000	17,386,000	13,650,000	13,650,000	12,859,000	12,859,000	12,787,000	12,787,000	12,698,000	12,698,000	13,233,000	13,233,000	11,602,000	11,602,000	10,905,000	10,905,000	10,935,000	10,935,000	11,152,000	11,152,000	11,043,000	11,043,000	11,155,000	11,155,000
total current liabilities	284,690,000	284,690,000	284,690,000	407,349,000	407,349,000	407,349,000	526,144,000	526,144,000	338,692,000	338,692,000	306,084,000	306,084,000	306,084,000	311,479,000	311,479,000	291,533,000	291,533,000	365,642,000	365,642,000	299,656,000	299,656,000	278,252,000	278,252,000	266,591,000	266,591,000	410,029,000	410,029,000	337,295,000	337,295,000	283,225,000	283,225,000	230,195,000	230,195,000	238,120,000	238,120,000	212,160,000	212,160,000	180,434,000	180,434,000	162,682,000	162,682,000	166,840,000	166,840,000	161,992,000	161,992,000	162,599,000	162,599,000	217,410,000	217,410,000	216,069,000	268,087,000	268,087,000	242,994,000	242,994,000	261,762,000	261,762,000	282,162,000	282,162,000	261,028,000	261,028,000					209,625,000	209,625,000	202,285,000	202,285,000	255,346,000	255,346,000	240,736,000	217,817,000	217,817,000	166,836,000	166,836,000	193,434,000	193,434,000	243,784,000	288,478,000	288,478,000	258,963,000	258,963,000	258,963,000	427,435,000	427,435,000	500,222,000	500,222,000	425,590,000	425,590,000	342,418,000	342,418,000	338,252,000	338,252,000	336,898,000	336,898,000	370,895,000	370,895,000	370,895,000	297,472,000	297,472,000	356,875,000	356,875,000	356,875,000	398,081,000	398,081,000	414,033,000	414,033,000	359,615,000	413,161,000	413,161,000	440,453,000	440,453,000	220,063,000	346,135,000	346,135,000	220,063,000	220,063,000		238,376,000																104,692,000									104,692,000
non-current liabilities:
share-based compensation	11,278,000	11,278,000	11,278,000	7,214,000	7,214,000	7,214,000	5,391,000	5,391,000	13,666,000	13,666,000	10,339,000	10,339,000	10,339,000	9,159,000	9,159,000	5,942,000	5,942,000	25,122,000	25,122,000	28,360,000	28,360,000	17,483,000	17,483,000	17,154,000	17,154,000	60,133,000	60,133,000	34,886,000	34,886,000	34,475,000	34,475,000	31,251,000	31,251,000	26,728,000	26,728,000	25,430,000	25,430,000	19,605,000	19,605,000	7,747,000	7,747,000	11,507,000	11,507,000	5,261,000	5,261,000	4,785,000	4,785,000	1,769,000	1,769,000	8,830,000	6,705,000	6,705,000	7,965,000	7,965,000	7,882,000	7,882,000
provisions and other	7,213,000	7,213,000	7,213,000	7,057,000	7,057,000	7,057,000	7,478,000	7,478,000	7,472,000	7,472,000	7,408,000	7,408,000	7,408,000	7,466,000	7,466,000	7,302,000	7,302,000	7,140,000	7,140,000	7,331,000	7,331,000	7,149,000	7,149,000	7,518,000	7,518,000	7,538,000	7,538,000	7,410,000	7,410,000	6,907,000	6,907,000	6,439,000	6,439,000	6,513,000	6,513,000	6,934,000	6,934,000	6,787,000	6,787,000	7,465,000	7,465,000	7,563,000	7,563,000	9,434,000	9,434,000	9,655,000	9,655,000	10,862,000	10,862,000	9,959,000	10,346,000	10,346,000	10,150,000	10,150,000	10,338,000	10,338,000	10,577,000	10,577,000	9,674,000	9,674,000	9,897,000	9,897,000	9,835,000	9,835,000	10,086,000	10,086,000	11,669,000	11,669,000	12,257,000	12,257,000	12,421,000	14,542,000	14,542,000	13,996,000	13,996,000	13,272,000	13,272,000	14,520,000	18,712,000	18,712,000	17,361,000	17,361,000	17,361,000	17,805,000	17,805,000	14,837,000	14,837,000	16,990,000	16,990,000	17,132,000	17,132,000	20,512,000	20,512,000	17,836,000	17,836,000	19,560,000	19,560,000	19,560,000	22,281,000	22,281,000	19,829,000	19,829,000	19,829,000	17,818,000	17,818,000	18,631,000	18,631,000	18,949,000	16,203,000	16,203,000	16,121,000	16,121,000	15,046,000	17,586,000	17,586,000	15,046,000	15,046,000		17,824,000
lease obligations	48,111,000	48,111,000	48,111,000	48,599,000	48,599,000	48,599,000	51,676,000	51,676,000	54,566,000	54,566,000	54,010,000	54,010,000	54,010,000	55,843,000	55,843,000	57,742,000	57,742,000	57,124,000	57,124,000	55,143,000	55,143,000	53,453,000	53,453,000	52,443,000	52,443,000	52,978,000	52,978,000	52,359,000	52,359,000	45,642,000	45,642,000	45,295,000	45,295,000	45,823,000	45,823,000	46,503,000	46,503,000	45,953,000	45,953,000	47,111,000	47,111,000
long-term debt	687,732,000	687,732,000	687,732,000	546,429,000	546,429,000	546,429,000	567,824,000	567,824,000	812,469,000	812,469,000	787,008,000	787,008,000	787,008,000	844,671,000	844,671,000	935,142,000	935,142,000	914,830,000	914,830,000	963,827,000	963,827,000	964,103,000	964,103,000	1,161,626,000	1,161,626,000	1,085,970,000	1,085,970,000	1,241,099,000	1,241,099,000	1,139,720,000	1,139,720,000	1,174,462,000	1,174,462,000	1,106,794,000	1,106,794,000	1,162,841,000	1,162,841,000	1,145,317,000	1,145,317,000	1,189,880,000	1,189,880,000	1,236,210,000	1,236,210,000	1,359,800,000	1,359,800,000	1,450,900,000	1,450,900,000	1,504,969,000	1,504,969,000	1,427,181,000	1,513,827,000	1,513,827,000	1,514,964,000	1,514,964,000	1,651,352,000	1,651,352,000	1,706,253,000	1,706,253,000	1,698,651,000	1,698,651,000	1,735,842,000	1,735,842,000	1,776,763,000	1,776,763,000	1,730,437,000	1,730,437,000	1,844,773,000	1,844,773,000	1,892,739,000	1,892,739,000	1,906,934,000	2,005,324,000	2,005,324,000	2,049,286,000	2,049,286,000	2,042,846,000	2,042,846,000	2,180,510,000	2,114,900,000	2,114,900,000	1,980,575,000	1,980,575,000	1,980,575,000	2,009,970,000	2,009,970,000	1,852,186,000	1,852,186,000	1,794,319,000	1,794,319,000	1,716,314,000	1,716,314,000	1,350,992,000	1,350,992,000	1,323,268,000	1,323,268,000	1,270,976,000	1,270,976,000	1,270,976,000	1,279,167,000	1,279,167,000	1,241,154,000	1,241,154,000	1,241,154,000	1,218,796,000	1,218,796,000	1,206,425,000	1,206,425,000	1,242,993,000	1,221,402,000	1,221,402,000	1,239,616,000	1,239,616,000	806,416,000	1,262,038,000	1,262,038,000	806,416,000	806,416,000		811,408,000	804,494,000	804,494,000	679,291,000	679,291,000	703,004,000	703,004,000	725,721,000	725,721,000	748,725,000	795,560,000	795,560,000	868,933,000	868,933,000	1,177,215,000	1,368,349,000		231,784,000	231,784,000	104,948,000	104,948,000	213,507,000	213,507,000	119,826,000	119,826,000		123,773,000	123,773,000	51,937,000	147,690,000	140,880,000	140,880	165,571	44,997
deferred tax liabilities	94,609,000	94,609,000	94,609,000	60,989,000	60,989,000	60,989,000	56,571,000	56,571,000	47,451,000	47,451,000	62,047,000	62,047,000	62,047,000	53,130,000	53,130,000	64,032,000	64,032,000	73,515,000	73,515,000	70,149,000	70,149,000	63,576,000	63,576,000	46,482,000	46,482,000	28,946,000	28,946,000	21,539,000	21,539,000	15,341,000	15,341,000	11,828,000	11,828,000	12,219,000	12,219,000	12,600,000	12,600,000	16,557,000	16,557,000	18,371,000	18,371,000	21,236,000	21,236,000	23,017,000	23,017,000	26,152,000	26,152,000	23,339,000	23,339,000	25,389,000	33,317,000	33,317,000	48,625,000	48,625,000	63,748,000	63,748,000	72,779,000	72,779,000							118,911,000	118,911,000	113,747,000	113,747,000	150,347,000	150,347,000	174,618,000	220,678,000	220,678,000	246,264,000	246,264,000	285,040,000	285,040,000	303,466,000	456,113,000	456,113,000	485,632,000	485,632,000	485,632,000	533,469,000	533,469,000	486,133,000	486,133,000					500,957,000	500,957,000	487,347,000	487,347,000	473,933,000	473,933,000	473,933,000	491,839,000	491,839,000	490,338,000	490,338,000	490,338,000	485,592,000	485,592,000	567,515,000	567,515,000	585,083,000	591,347,000	591,347,000	587,790,000	587,790,000	585,968,000	613,781,000	613,781,000	585,968,000	585,968,000		581,464,000
total non-current liabilities	848,943,000	848,943,000	848,943,000	670,288,000	670,288,000	670,288,000	688,940,000	688,940,000	935,624,000	935,624,000	920,812,000	920,812,000	920,812,000	970,269,000	970,269,000	1,070,160,000	1,070,160,000	1,077,731,000	1,077,731,000	1,124,810,000	1,124,810,000	1,105,764,000	1,105,764,000	1,285,223,000	1,285,223,000	1,235,565,000	1,235,565,000	1,357,293,000	1,357,293,000	1,242,085,000	1,242,085,000	1,269,275,000	1,269,275,000	1,198,077,000	1,198,077,000	1,254,308,000	1,254,308,000	1,234,219,000	1,234,219,000	1,270,574,000	1,270,574,000	1,325,398,000	1,325,398,000	1,449,779,000	1,449,779,000	1,547,219,000	1,547,219,000	1,597,778,000	1,597,778,000	1,526,339,000	1,622,200,000	1,622,200,000	1,641,447,000	1,641,447,000	1,790,801,000	1,790,801,000	1,796,129,000	1,796,129,000	1,794,932,000	1,794,932,000	1,843,930,000	1,843,930,000	1,904,558,000	1,904,558,000	1,872,970,000	1,872,970,000	1,981,820,000	1,981,820,000	2,068,983,000	2,068,983,000	2,121,360,000	2,256,807,000	2,256,807,000	2,326,009,000	2,326,009,000	2,351,492,000	2,351,492,000	2,513,697,000	2,601,128,000	2,601,128,000	2,498,545,000	2,498,545,000	2,498,545,000	2,571,532,000	2,571,532,000	2,367,408,000	2,367,408,000	2,347,907,000	2,347,907,000	2,250,334,000	2,250,334,000	1,884,747,000	1,884,747,000	1,842,882,000	1,842,882,000	1,776,816,000	1,776,816,000	1,776,816,000	1,802,696,000	1,802,696,000	1,758,213,000	1,758,213,000	1,758,213,000	1,730,882,000	1,730,882,000	1,799,735,000	1,799,735,000	1,852,174,000	1,834,457,000	1,834,457,000	1,854,830,000	1,854,830,000	1,417,023,000	1,901,576,000	1,901,576,000	1,417,023,000	1,417,023,000		1,417,323,000
equity:
shareholders’ capital	2,264,396,000	2,264,396,000	2,264,396,000	2,272,820,000	2,272,820,000	2,272,820,000	2,287,422,000	2,287,422,000	2,301,729,000	2,301,729,000	2,337,079,000	2,337,079,000	2,337,079,000	2,346,823,000	2,346,823,000	2,376,894,000	2,376,894,000	2,365,129,000	2,365,129,000	2,306,545,000	2,306,545,000	2,306,545,000	2,306,545,000	2,313,746,000	2,313,746,000	2,299,533,000	2,299,533,000	2,294,360,000	2,294,360,000	2,299,370,000	2,299,370,000	2,297,497,000	2,297,497,000	2,281,444,000	2,281,444,000	2,281,444,000	2,281,444,000	2,281,444,000	2,281,444,000	2,281,444,000	2,281,444,000	2,285,738,000	2,285,738,000	2,291,796,000	2,291,796,000	2,291,796,000	2,291,796,000	2,291,134,000	2,291,134,000	2,296,378,000	2,314,097,000	2,314,097,000	2,322,280,000	2,322,280,000	2,322,280,000	2,322,280,000	2,322,280,000	2,322,280,000	2,322,280,000	2,322,280,000	2,321,902,000	2,321,902,000	2,319,293,000	2,319,293,000	2,319,293,000	2,319,293,000	2,319,293,000	2,319,293,000		2,319,293,000		2,319,293,000	2,319,293,000						2,316,321,000		2,316,321,000	2,316,321,000	2,316,321,000	2,315,539,000	2,315,539,000	2,315,539,000	2,315,539,000	2,315,163,000	2,315,163,000	2,314,033,000	2,314,033,000		2,308,966,000	2,305,227,000	2,305,227,000	2,256,517,000	2,256,517,000	2,256,517,000	2,253,713,000	2,253,713,000									2,250,160,000	2,250,160,000			2,201,767,000	2,203,613,000	2,203,613,000	2,201,767,000	2,201,767,000		2,200,698,000	2,771,023,000	2,771,023,000	2,770,853,000	2,770,853,000	2,770,853,000	2,770,853,000
contributed surplus	79,591,000	79,591,000	79,591,000	78,383,000	78,383,000	78,383,000	77,011,000	77,011,000	77,557,000	77,557,000	76,656,000	76,656,000	76,656,000	75,604,000	75,604,000	74,482,000	74,482,000	75,086,000	75,086,000	74,389,000	74,389,000	73,688,000	73,688,000	73,035,000	73,035,000	72,555,000	72,555,000	74,057,000	74,057,000	74,057,000	74,057,000	76,164,000	76,164,000	76,311,000	76,311,000	76,753,000	76,753,000	75,250,000	75,250,000	73,819,000	73,819,000	72,915,000	72,915,000	73,097,000	73,097,000	70,503,000	70,503,000	67,878,000	67,878,000	66,255,000	62,582,000	62,582,000	58,965,000	58,965,000	55,435,000	55,435,000	52,332,000	52,332,000	50,124,000	50,124,000	47,695,000	47,695,000	45,907,000	45,907,000	44,037,000	44,037,000	41,478,000	41,478,000	40,070,000	40,070,000	38,937,000	37,819,000	37,819,000	36,742,000	36,742,000	36,905,000	36,905,000	35,800,000	34,620,000	34,620,000	33,284,000	33,284,000	33,284,000	32,310,000	32,310,000	31,109,000	31,109,000	30,177,000	30,177,000	29,264,000	29,264,000	29,441,000	29,441,000	29,175,000	29,175,000	27,472,000	27,472,000	27,472,000	27,064,000	27,064,000	26,154,000	26,154,000	26,154,000	24,474,000	24,474,000	23,468,000	23,468,000	21,847,000	19,862,000	19,862,000	18,396,000	18,396,000	15,063,000	16,210,000	16,210,000	15,063,000	15,063,000		13,228,000	10,471,000	10,471,000	8,803,000	8,803,000	7,202,000	7,202,000	5,459,000	5,459,000	4,063,000	3,223,000	3,223,000	2,023,000	2,023,000	1,543,000	998,000		998,000	998,000	742,000	742,000	502,000	502,000	307,000	307,000
accumulated other comprehensive income	175,451,000	175,451,000	175,451,000	159,389,000	159,389,000	159,389,000	197,827,000	197,827,000	199,020,000	199,020,000	158,602,000	158,602,000	158,602,000	165,170,000	165,170,000	159,570,000	159,570,000	147,476,000	147,476,000	161,552,000	161,552,000	146,988,000	146,988,000	158,247,000	158,247,000	159,714,000	159,714,000	169,135,000	169,135,000	141,384,000	141,384,000	130,577,000	130,577,000	134,780,000	134,780,000	135,394,000	135,394,000	126,574,000	126,574,000	132,777,000	132,777,000	137,581,000	137,581,000	148,736,000	148,736,000	155,716,000	155,716,000	173,107,000	173,107,000	134,255,000	147,163,000	147,163,000	139,523,000	139,523,000	152,510,000	152,510,000	162,014,000	162,014,000	138,056,000	138,056,000	146,366,000	146,366,000	139,889,000	139,889,000	131,610,000	131,610,000	144,519,000	144,519,000	153,026,000	153,026,000	156,456,000	140,538,000	140,538,000	138,110,000	138,110,000	137,476,000	137,476,000	166,101,000	133,990,000	133,990,000	85,087,000	85,087,000	85,087,000	93,869,000	93,869,000	46,292,000	46,292,000	15,778,000	15,778,000			3,075,000	3,075,000																																			-297,497,000	-250,107,000	-250,107,000	-95,517,000	-95,517,000	68,192,000	15,359,000
deficit		-856,817,000	-856,817,000	-850,056,000	-850,056,000	-850,056,000	-866,323,000	-866,323,000	-900,834,000	-900,834,000	-915,629,000	-915,629,000	-915,629,000	-954,812,000	-954,812,000	-975,513,000	-975,513,000	-1,012,029,000	-1,012,029,000	-1,158,751,000	-1,158,751,000	-1,178,543,000	-1,178,543,000	-1,205,443,000	-1,205,443,000	-1,301,273,000	-1,301,273,000	-1,304,756,000	-1,304,756,000	-1,335,435,000	-1,335,435,000	-1,310,824,000	-1,310,824,000	-1,266,980,000	-1,266,980,000	-1,239,644,000	-1,239,644,000	-1,201,612,000	-1,201,612,000	-1,125,700,000	-1,125,700,000	-1,089,594,000	-1,089,594,000	-1,052,076,000	-1,052,076,000	-1,023,600,000	-1,023,600,000	-974,733,000	-974,733,000	-969,456,000	-968,395,000	-968,395,000	-964,861,000	-964,861,000	-951,060,000	-951,060,000	-978,874,000	-978,874,000	-780,546,000	-780,546,000	-749,898,000	-749,898,000	-702,681,000	-702,681,000	-684,604,000	-684,604,000	-611,312,000	-611,312,000	-575,182,000	-575,182,000	-552,568,000	-521,950,000	-521,950,000	-474,573,000	-474,573,000	-416,896,000	-416,896,000																											-44,621,000	-44,621,000						-83,160,000	-83,160,000	-150,288,000	-66,820,000	-66,820,000	-150,288,000	-150,288,000		-166,691,000															-48,068,000		-62,893,000	-62,893,000	-96,196,000	-96,196,000	-68,890,000	-68,890,000	-126,110,000	-126,110,000		-116,091,000	-116,091,000	-139,703,000	-108,834	-195,219,000		-181,220
total equity attributable to shareholders	1,662,621,000	1,662,621,000	1,662,621,000	1,660,536,000	1,660,536,000	1,660,536,000	1,695,937,000	1,695,937,000	1,677,472,000	1,677,472,000	1,656,708,000	1,656,708,000	1,656,708,000
non-controlling interest	4,641,000	4,641,000	4,641,000	4,664,000	4,664,000	4,664,000	4,963,000	4,963,000	4,527,000	4,527,000	4,392,000	4,392,000	4,392,000
total equity	1,667,262,000	1,667,262,000	1,667,262,000	1,665,200,000	1,665,200,000	1,665,200,000	1,700,900,000	1,700,900,000	1,681,999,000	1,681,999,000	1,661,100,000	1,661,100,000	1,661,100,000																																																																																																										1,987,151,000
total liabilities and equity	2,800,895,000	2,800,895,000	2,800,895,000	2,742,837,000	2,742,837,000	2,742,837,000	2,915,984,000	2,915,984,000	2,956,315,000	2,956,315,000	2,887,996,000	2,887,996,000	2,887,996,000
current portion of long-term debt				136,181,000	136,181,000	136,181,000	230,219,000	230,219,000			952,000	952,000	952,000	963,000	963,000	2,869,000	2,869,000	2,848,000	2,848,000	2,290,000	2,290,000	2,266,000	2,266,000	2,285,000	2,285,000	2,287,000	2,287,000	2,306,000	2,306,000	2,240,000	2,240,000	2,214,000	2,214,000	2,223,000	2,223,000	2,225,000	2,225,000	2,206,000	2,206,000	2,218,000	2,218,000	896,000	896,000																																																																															4,483,000	4,483,000	4,505,000	4,505,000	444,000	444,000	223,000	43,363,000	43,363,000	37,497,000	37,497,000	55,541,000	48,953,000
income tax recoverable											696,000	696,000	696,000	704,000	704,000	696,000	696,000	682,000		699,000	699,000	682,000	682,000	695,000	695,000	1,602,000	1,602,000	1,633,000	1,633,000	1,521,000	1,521,000															1,194,000	1,194,000	1,238,000	1,238,000	1,142,000	1,211,000	1,211,000	2,347,000	2,347,000	2,394,000	2,394,000					952,000	952,000	28,854,000	28,854,000	29,449,000	29,449,000	41,085,000	41,085,000	38,732,000	38,732,000	38,087,000	26,489,000	26,489,000	14,762,000	14,762,000	3,380,000	3,380,000	2,917,000	3,297,000	3,297,000	3,297,000	3,297,000	3,297,000	55,138,000	55,138,000	58,435,000	58,435,000					58,435,000	58,435,000	58,435,000	58,435,000	64,579,000	64,579,000	64,579,000	64,579,000	64,579,000	64,579,000	64,579,000	64,579,000	64,579,000	64,579,000	64,579,000	64,579,000	64,579,000	64,579,000	64,579,000	64,579,000	64,579,000	172,755,000	55,925,000	55,925,000	172,755,000	172,755,000		172,755,000	64,579,000	64,579,000	64,579,000	64,579,000	24,220,000	24,220,000	23,530,000	23,530,000	25,753,000	8,612,000	8,612,000	11,863,000	11,863,000	10,657,000	13,313,000		3,274,000	3,274,000	3,912,000	3,912,000	1,974,000	1,974,000		5,952,000		12,387,000	12,387,000	12,335,000	8,362,000
income taxes recoverable																			682,000																																						2,449,000	2,449,000																																						6,046,000	6,046,000	6,046,000	7,484,000	7,484,000																																										5,952,000							8,701,000	8,701	914
income tax payable										3,778,000									3,026,000																																						7,673,000	7,673,000																				7,836,000	5,581,000	5,581,000	6,362,000	6,362,000	6,362,000	8,467,000	8,467,000	7,184,000	7,184,000	4,830,000	4,830,000	183,000	183,000	157,000	157,000	4,060,000	4,060,000						11,096,000	11,096,000	11,096,000	64,188,000	64,188,000	42,872,000	42,872,000	30,303,000	24,251,000	24,251,000	3,786,000	3,786,000	331,000			331,000	331,000		807,000
subsequent event
shareholders’ equity:
total shareholders’ equity														1,632,785,000	1,632,785,000	1,635,433,000	1,635,433,000	1,575,662,000	1,575,662,000	1,383,735,000	1,383,735,000	1,348,678,000	1,348,678,000	1,339,585,000	1,339,585,000	1,230,529,000	1,230,529,000	1,232,796,000	1,232,796,000	1,179,376,000	1,179,376,000	1,193,414,000	1,193,414,000	1,225,555,000	1,225,555,000	1,253,947,000	1,253,947,000	1,281,656,000	1,281,656,000	1,362,340,000	1,362,340,000	1,406,640,000	1,406,640,000	1,461,553,000	1,461,553,000	1,494,415,000	1,494,415,000	1,557,386,000	1,557,386,000	1,527,432,000	1,555,447,000	1,555,447,000	1,555,907,000	1,555,907,000	1,579,165,000	1,579,165,000	1,557,752,000	1,557,752,000	1,729,914,000	1,729,914,000	1,766,065,000	1,766,065,000	1,802,408,000	1,802,408,000	1,810,336,000	1,810,336,000	1,893,978,000	1,893,978,000		1,937,207,000		1,975,700,000	1,975,700,000						2,379,374,000		2,436,339,000	2,436,339,000	2,436,339,000	2,493,680,000	2,493,680,000	2,441,366,000	2,441,366,000	2,544,084,000	2,544,084,000	2,468,724,000	2,468,724,000		2,513,928,000	2,399,343,000	2,399,343,000	2,276,702,000	2,276,702,000	2,276,702,000	2,270,510,000	2,270,510,000									2,240,852,000	2,240,852,000			2,000,669,000	2,103,813,000	2,103,813,000	2,000,669,000	2,000,669,000																		659,509,000									659,509,000
total liabilities and shareholders’ equity														2,914,533,000	2,914,533,000	2,997,126,000	2,997,126,000	3,019,035,000	3,019,035,000	2,808,201,000	2,808,201,000	2,732,694,000	2,732,694,000	2,891,399,000	2,891,399,000	2,876,123,000	2,876,123,000	2,927,384,000	2,927,384,000	2,704,686,000	2,704,686,000	2,692,884,000	2,692,884,000	2,661,752,000	2,661,752,000	2,720,415,000	2,720,415,000	2,696,309,000	2,696,309,000	2,795,596,000	2,795,596,000	2,898,878,000	2,898,878,000	3,073,324,000	3,073,324,000	3,204,233,000	3,204,233,000	3,372,574,000	3,372,574,000	3,269,840,000	3,445,734,000	3,445,734,000	3,440,348,000	3,440,348,000	3,631,728,000	3,631,728,000	3,636,043,000	3,636,043,000	3,785,874,000	3,785,874,000	3,858,221,000	3,858,221,000	3,929,703,000	3,929,703,000	3,892,931,000	3,892,931,000	4,078,083,000	4,078,083,000		4,261,536,000		4,450,324,000	4,450,324,000						5,268,980,000		5,193,847,000	5,193,847,000	5,193,847,000	5,492,647,000	5,492,647,000	5,308,996,000	5,308,996,000	5,317,581,000	5,317,581,000	5,061,476,000	5,061,476,000		4,736,927,000	4,579,123,000	4,579,123,000	4,424,413,000	4,424,413,000	4,424,413,000	4,370,678,000	4,370,678,000									4,488,470,000	4,488,470,000			3,637,755,000	4,351,524,000	4,351,524,000	3,637,755,000	3,637,755,000		3,642,850,000
liabilities and shareholders’ equity
right of use assets																																										55,168,000	55,168,000	59,571,000	59,571,000	63,412,000	63,412,000	68,266,000	68,266,000	66,142,000	69,999,000	69,999,000	71,454,000	71,454,000	70,570,000	70,570,000
current portion of lease obligation																																										11,285,000	11,285,000	11,187,000	11,187,000	10,175,000	10,175,000	13,192,000	13,192,000
lease obligation																																										48,882,000	48,882,000	52,267,000	52,267,000	55,727,000	55,727,000	56,839,000	56,839,000	12,449,000	13,258,000	13,258,000	12,611,000	12,611,000	13,597,000	13,597,000
goodwill																																																											205,907,000	205,907,000	206,649,000	206,649,000	206,017,000	206,017,000	205,167,000	205,167,000	206,237,000	206,237,000	207,125,000	207,125,000	207,399,000	206,589,000	206,589,000	206,306,000	206,306,000	206,207,000	206,207,000	208,479,000	207,459,000	207,459,000	222,011,000	222,011,000	222,011,000	222,560,000	222,560,000	219,719,000	219,719,000	313,858,000	313,858,000	312,461,000	312,461,000	313,451,000	313,451,000	312,356,000	312,356,000	311,435,000	311,435,000	311,435,000	312,030,000	312,030,000	311,096,000	311,096,000	311,096,000	310,552,000	310,552,000	362,797,000	362,797,000	363,727,000	363,176,000	363,176,000	363,646,000	363,646,000	309,565,000	362,769,000	362,769,000	309,565,000	309,565,000		309,726,000	736,897,000	736,897,000	752,910,000	752,910,000	766,922,000	766,922,000	746,451,000	746,451,000	760,553,000	772,199,000	772,199,000	813,279,000	813,279,000	857,724,000	841,529,000	10,377,000	284,579,000	284,579,000	280,749,000	280,749,000	280,749,000	280,749,000	280,749,000	280,749,000	10,377,000	280,749,000	280,749,000	280,749,000	280,749,000	280,749,000	280,749	280,724	266,827
share based compensation																																																									6,520,000	6,520,000	10,328,000	10,328,000	7,841,000	7,841,000	6,212,000	6,212,000	13,536,000	13,536,000	11,631,000	11,631,000	13,640,000	13,640,000	27,387,000	16,263,000	16,263,000	16,463,000	16,463,000	10,334,000	10,334,000	15,201,000	11,403,000	11,403,000	14,977,000	14,977,000	14,977,000	10,288,000	10,288,000	14,252,000	14,252,000	19,858,000	19,858,000	19,369,000	19,369,000	12,286,000	12,286,000	14,431,000	14,431,000	12,347,000	12,347,000	12,347,000	9,409,000	9,409,000	6,892,000	6,892,000	6,892,000	8,676,000	8,676,000	7,164,000	7,164,000	5,149,000	5,505,000	5,505,000	11,303,000	11,303,000	9,593,000	8,171,000	8,171,000	9,593,000	9,593,000		6,627,000
deferred tax liability																																																											76,279,000	76,279,000	90,350,000	90,350,000	111,748,000	111,748,000
shareholders' equity:
shareholders' capital																																																																					2,319,293,000		2,319,293,000			2,319,276,000	2,319,276,000	2,316,615,000	2,316,615,000	2,316,321,000		2,316,321,000												2,308,966,000									2,252,711,000	2,252,711,000	2,252,711,000	2,251,982,000	2,251,982,000	2,250,819,000	2,250,819,000	2,250,440,000			2,248,217,000	2,248,217,000
total shareholders' equity																																																																					1,937,207,000		1,962,118,000			2,019,555,000	2,019,555,000	2,074,100,000	2,074,100,000	2,121,209,000		2,379,374,000												2,513,928,000									2,263,582,000	2,263,582,000	2,263,582,000	2,171,300,000	2,171,300,000	2,292,921,000	2,292,921,000	2,269,350,000			2,132,591,000	2,132,591,000
total liabilities and shareholders' equity																																																																					4,261,536,000		4,324,214,000			4,512,400,000	4,512,400,000	4,619,026,000	4,619,026,000	4,878,690,000		5,268,980,000												4,736,927,000									4,378,670,000	4,378,670,000	4,378,670,000	4,300,263,000	4,300,263,000	4,506,689,000	4,506,689,000	4,481,139,000			4,427,874,000	4,427,874,000
retained earnings																																																																														-397,013,000	-105,557,000	-105,557,000	1,647,000	1,647,000	1,647,000	51,962,000	51,962,000	48,426,000	48,426,000	182,966,000	182,966,000	147,719,000	147,719,000	172,446,000	172,446,000	88,416,000	88,416,000	37,113,000	37,113,000	37,113,000	21,508,000	21,508,000	34,867,000	34,867,000	34,867,000			85,539,000	85,539,000	46,182,000	27,921,000	27,921,000										169,318,000	169,318,000	163,775,000	163,775,000	102,697,000	102,697,000	169,244,000	169,244,000	107,227,000	132,112,000	132,112,000	60,416,000	60,416,000	2,941,000		367,007,000									367,007,000
income tax receivable																																																																																								58,435,000	58,435,000	58,435,000	58,435,000
deferred income taxes																																																																																								516,740,000	516,740,000	497,519,000	497,519,000																																												150,643,000									150,643,000
accumulated other comprehensive loss																																																																																										-22,292,000	-22,292,000			-23,475,000	-23,475,000	-44,400,000	-44,400,000	-44,400,000	-31,775,000	-31,775,000	-50,150,000	-50,150,000	-50,150,000	-60,535,000	-60,535,000	-66,905,000	-66,905,000	-49,119,000	-57,091,000	-57,091,000	-50,862,000	-50,862,000	-65,873,000	-49,190,000	-49,190,000	-65,873,000	-65,873,000		-60,084,000	-372,893,000	-372,893,000	-326,659,000	2,616,772,000	-274,431,000	-274,431,000	-350,905,000	-350,905,000
revenue																																																																																															566,909,000
expenses:
operating																																																																																															335,480,000
general and administrative																																																																																															33,685,000
earnings before income taxes, finance charges, foreign exchange, impairment of goodwill, loss on asset decommissioning and depreciation and amortization																																																																																															197,744,000
depreciation and amortization																																																																																															90,142,000
loss on asset decommissioning
operating earnings																																																																																															107,602,000
impairment of goodwill
foreign exchange																																																																																															-3,687,000
finance charges																																																																																															23,328,000
earnings before income taxes																																																																																															87,961,000
income taxes:
current																																																																																															14,681,000
deferred																																																																																															5,359,000
net earnings																																																																																															67,921,000
net earnings per share:
basic																																																																																															240
diluted																																																																																															240
see accompanying notes to interim consolidated financial statements.
contingencies and commitments
unitholders’ capital																																																																																																																														2,770,708,000	2,770,708,000	2,770,708,000	2,770,708,000	2,770,708,000	2,771,159,000	2,771,159,000	2,566,533,000	2,355,590,000		1,442,476,000	1,442,476,000	1,442,476,000	1,442,476,000	1,442,476,000	1,442,476,000	1,442,476,000	1,442,476,000		1,412,294,000	1,412,294,000	1,412,294,000		1,412,294,000	1,412,294	1,383,597	1,379,566
see accompanying notes to consolidated financial statements.
2.
3.
•																																																																																																																						2,010,000
accounts receivabe																																																																																																																							507,885,000
property, plant and equipment, net of accumulated depreciation																																																																																																																								2,812,281,000	2,812,281,000	2,811,144,000	2,811,144,000	2,873,881,000	2,873,881,000	2,824,633,000	2,824,633,000		3,065,370,000	3,065,370,000	3,231,628,000	3,231,628,000	3,324,319,000	3,243,213,000		1,285,584,000	1,285,584,000	1,224,238,000	1,224,238,000	1,208,408,000	1,208,408,000	1,210,587,000	1,210,587,000		1,199,576,000	1,199,576,000	1,177,436,000	1,138,730,000	1,107,617,000	1,107,617	1,056,913	996,729
liabilities and shareholders' equity
long-term liabilities																																																																																																																								30,319,000	30,319,000	25,511,000	25,511,000	27,102,000	27,102,000	22,776,000	22,776,000	26,693,000	26,994,000	26,994,000	24,836,000	24,836,000	25,450,000
future income taxes																																																																																																																								667,540,000	667,540,000	701,171,000	701,171,000	714,946,000	714,946,000	689,304,000	689,304,000	703,195,000	700,016,000	700,016,000	729,196,000	729,196,000	770,951,000	770,623,000		202,783,000	202,783,000	190,916,000	190,916,000	194,735,000	194,735,000	181,633,000	181,633,000		197,787,000	197,787,000	195,645,000	191,925,000	174,571,000	174,571	174,782	172,205
contingencies
see accompanying notes to consolidated financial statements
liabilities and unitholders' equity
unitholders’ equity:
cash and cash equivalents																																																																																																																																130,799,000	177,529,000	177,529,000	179,979,000	179,979,000		61,511,000	247,701,000	6,649,000	6,649,000	7,117,000	7,117,000					247,701,000
distributions payable																																																																																																																																						20,825,000		16,349,000	16,349,000	16,349,000	16,349,000	16,349,000	16,349,000	36,470,000	36,470,000		16,349,000	16,349,000	16,349,000	23,894,000	38,985,000	38,985	38,940	38,907
liabilities and unitholders’ equity
intangibles, net of accumulated amortization																																																																																																																																						5,676,000		1,376,000	1,376,000	272,000	272,000	295,000	295,000		318,000		308,000	308,000	330,000	353,000		375	398	420
bank indebtedness																																																																																																																																												10,548,000	10,548,000	14,115,000	14,115,000				6,653,000	24,656,000	36,774,000	36,774	3,987	5,449
other long-term liabilities																																																																																																																																						30,951,000	18,126,000									18,126,000
units outstanding																																																																																																																																						160,194,000		125,758,000	125,758,000	125,758,000	125,758,000	125,758,000	125,758,000		125,758,000		125,758,000	125,758,000	125,758,000	125,758,000		125,758
restricted cash																																																																																																																																							847,000									847,000
prepaids and other current assets																																																																																																																																							13,337,000									13,337,000
property and equipment:
land, buildings and improvements																																																																																																																																							8,534,000									8,534,000
drilling equipment																																																																																																																																							1,331,401,000									1,331,401,000
furniture and fixtures																																																																																																																																							5,397,000									5,397,000
total property and equipment																																																																																																																																							1,345,332,000									1,345,332,000
less: accumulated depreciation																																																																																																																																							-607,388,000									-607,388,000
net property and equipment																																																																																																																																							737,944,000									737,944,000
other noncurrent assets																																																																																																																																							16,153,000									16,153,000
accounts payable-trade																																																																																																																																							52,557,000									52,557,000
accrued workers’ compensation																																																																																																																																							7,608,000									7,608,000
payroll and related employee costs																																																																																																																																							15,439,000									15,439,000
accrued interest payable																																																																																																																																							2,553,000									2,553,000
current income taxes payable																																																																																																																																							14,705,000									14,705,000
other accrued liabilities																																																																																																																																							11,830,000									11,830,000
contingent convertible senior notes																																																																																																																																							275,000,000									275,000,000
commitments and contingent liabilities
series b junior participating preferred stock; 1 par value; 250,000 shares authorized; none outstanding
common stock; 0.10 par value; shares authorized: 300,000,000; shares issued: 197,045,996 at december 31, 2007 and 195,228,691 at december 31, 2006; shares outstanding: 178,345,603 at december 31, 2007 and 185,936,440 at december 31, 2006																																																																																																																																							19,704,000									19,704,000
additional paid-in capital																																																																																																																																							393,894,000									393,894,000
treasury stock																																																																																																																																							-121,096,000									-121,096,000
long-term compensation plans																																																																																																																																								7,116,000	7,116,000	8,723,000	8,723,000	6,443,000	6,443,000		13,896,000		12,386,000	12,386,000
contingent liability and commitments
intangibles, net of accumulated amortization of 593																																																																																																																																														318,000
long-term incentive plan payable																																																																																																																																														13,896,000					16,071,000	20,238,000	22,699,000	22,699
commitments and contingencies
liabilities and unitholders ’ equity
unitholders' equity:
unitholders' capital																																																																																																																																																				1,412,294,000
intangibles, net of accumulated amortization of 503																																																																																																																																																					375,000
incomes taxes payable
other long term liabilities																																																																																																																																																							12,507
trust units outstanding																																																																																																																																																							125,613	125,507
other liabilities																																																																																																																																																								7,245

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-10-22	2025-07-29	2025-04-23	2025-03-31	2025-02-12	2024-10-29	2024-06-03	2024-04-25	2024-03-31	2021-06-30	2021-03-31	2018-12-31	2016-03-31	2014-09-30	2013-03-31

cash from:
operations:
net earnings	-22,959,000	-18,460,000	34,947,000	34,947,000	-24,253,000	18,482,000	16,297,000	36,516,000	36,516,000				-19,883,000	59,987,000	93,313,000
adjustments for:
long-term compensation plans	2,234,000	358,000	3,016,000	3,016,000	1,778,000	-1,799,000	1,849,000	7,451,000	7,451,000
depreciation and amortization	4,629,000	-178,000	75,036,000	75,036,000	7,137,000	1,255,000	41,915,000	78,213,000	78,213,000
gain on asset disposals	2,971,000	-3,553,000	-2,872,000	-2,872,000	1,410,000	4,352,000		-3,237,000	-3,237,000
unrealized foreign exchange	3,011,000
finance charges	-1,106,000	-903,000	15,760,000	15,760,000	-633,000	-1,275,000	13,979,000	18,369,000	18,369,000
income taxes	25,431,000	-6,042,000	14,308,000	14,308,000	-8,162,000	3,368,000		13,122,000	13,122,000
other	23,000				-419,000	-66,000
loss on investments and other assets	-1,768,000				1,964,000	-198,000		-228,000	-228,000
income taxes paid	3,253,000	-3,525,000	-321,000	-321,000	-1,109,000	3,592,000		-234,000	-234,000
income taxes recovered					-31,000
interest paid	-23,366,000	26,016,000	-29,637,000	-29,637,000	28,886,000	-27,379,000		-33,430,000	-33,430,000
interest received	-107,000	-119,000	437,000	437,000	-17,000	-211,000	13,910,000	495,000	495,000
funds provided by operations	-7,749,000	-5,552,000	109,842,000	109,842,000	7,213,000	1,572,000	78,452,000	117,765,000	117,765,000	-30,823,000	43,430,000	60,907,000	93,593,000	98,412,000	144,682,000
changes in non-cash working capital balances	-63,877,000	89,628,000	-46,423,000	-46,423,000	75,904,000	-95,973,000	168,926,000	-52,222,000	-52,222,000
cash from operations	-71,626,000	84,076,000	63,419,000	63,419,000	83,117,000	-94,401,000	81,190,000	65,543,000	65,543,000	26,797,000	15,422,000	75,974,000	112,174,000	-81,679,000	62,948,000
investments:
purchase of property, plant and equipment	-16,553,000	7,192,000	-59,965,000	-59,965,000	4,897,000	-25,374,000		-55,527,000	-55,527,000
purchase of intangibles
proceeds on sale of property, plant and equipment	-5,629,000	8,064,000	3,765,000	3,765,000	2,923,000	-5,345,000	-1,588,000	5,186,000	5,186,000
proceeds from sale of investments and other assets
purchase of investments and other assets			-11,000	-11,000	-711,000
receipt of finance lease payments	0	1,000	208,000	208,000	1,000	14,000		191,000	191,000
cash from investing activities	-25,145,000	21,153,000	-57,202,000	-57,202,000	-23,102,000	-11,909,000		-75,237,000	-75,237,000
financing:
issuance of long-term debt	118,780,000				6,178,000
repayment of long-term debt	-54,621,000	-66,744,000	-17,110,000	-17,110,000
repurchase of share capital	5,688,000	16,276,000	-30,766,000	-30,766,000	-8,132,000	6,602,000		-10,081,000	-10,081,000
issuance of common shares from the exercise of options						304,000
debt amendment fees
distributions to non-controlling interest
lease payments	68,000	-335,000	-3,587,000	-3,587,000	320,000	-367,000		-3,200,000	-3,200,000
funding from non-controlling interest
cash from financing activities	68,595,000	-40,803,000	-51,463,000	-51,463,000	11,278,000	65,622,000		-13,997,000	-13,997,000
effect of exchange rate changes on cash	1,336,000	-447,000	-280,000	-280,000	2,103,000	-526,000		457,000	457,000
decrease in cash
cash, beginning of period	18,453,000	-45,526,000	73,771,000	73,771,000	-23,929,000	17,285,000		54,182,000	54,182,000
cash, end of period	-8,387,000	18,453,000	28,245,000	28,245,000	49,467,000	-23,929,000		30,948,000	30,948,000
increase in cash	-26,840,000	63,979,000	-45,526,000	-45,526,000	73,396,000	-41,214,000		-23,234,000	-23,234,000
foreign exchange			-783,000	-783,000	662,000	1,393,000	7,590,000	728,000	728,000
gain on investments and other assets			-49,000	-49,000
loss on asset decommissioning
gain on acquisition
gain on repurchase of unsecured senior notes
business acquisitions
repayments of long-term debt					17,845,000	42,474,000		-716,000	-716,000
operating facilities
40 million
us15 million
demand letter of credit facility
us40 million
senior notes
200 million
us650 million
us400 million
weighted-average shares outstanding – basic
effect of stock options and other equity compensation plans
weighted-average shares outstanding – diluted
quarters ended
revenue										-35,114,000	236,473,000		301,727,000	109,416,000	595,720,000
adjusted ebitda										-25,595,000	54,539,000		99,264,000	69,695,000	215,181,000
per basic share
per diluted share
dividends paid per share														0
·
assets
current assets:
cash
accounts receivable
income tax recoverable
inventory
total current assets
non-current assets:
property, plant and equipment
intangibles
goodwill
total non-current assets
total assets
liabilities and equity
current liabilities:
accounts payable and accrued liabilities
income tax payable
total current liabilities
non-current liabilities:
share based compensation
provisions and other
long-term debt
deferred tax liabilities
total non-current liabilities
shareholders’ equity:
shareholders’ capital
contributed surplus
retained earnings
accumulated other comprehensive income
total shareholders’ equity
total liabilities and shareholders’ equity
expenses:
operating
general and administrative
earnings before income taxes, finance charges, foreign exchange and depreciation and amortization
operating earnings										-24,441,000	-15,415,000
earnings before income taxes
income taxes:
current
deferred
net earnings per share:
basic										-3,010	-2,700		-70	200	340
diluted										-3,010	-2,700		-70	200	330
unrealized gain on translation of assets and liabilities of operations denominated in foreign currency
foreign exchange gain on net investment hedge with u.s. denominated debt, net of tax
comprehensive income
cash provided by:
increase in long-term debt
debt issue costs
dividends paid
issuance of common shares on the exercise of options
effect of exchange rate changes on cash and cash equivalents
increase in cash and cash equivalents
cash and cash equivalents, beginning of period
cash and cash equivalents, end of period
interim consolidated statements of changes in equity
balance at january 1, 2015
net income for the period
other comprehensive income for the period
dividends
share options exercised
shares issued on redemption of non-management directors’ dsus
share based compensation expense
balance at june 30, 2015
balance at january 1, 2014
net earnings for the period
balance at june 30, 2014
net income										-39,806,000	-36,106,000	-150,951,000
capital spending:
expansion and upgrade										3,009,000	3,437,000
maintenance and infrastructure										8,810,000	4,999,000		6,527,000	7,576,000	16,549,000
proceeds on sale										734,000	-3,324,000		-2,157,000	-21,307,000	-2,538,000
net capital spending										12,553,000	5,112,000		25,004,000	41,426,000	128,067,000
net income per share
contract drilling rig fleet										0	227,000		251,000
drilling rig utilization days:
u.s.										628,000	2,951,000		2,886,000
canada										-1,321,000	3,818,000
international										6,000	540,000		763,000
revenue per utilization day:
operating cost per utilization day:
service rig fleet										0	123,000		163,000
service rig operating hours										-8,273,000	34,903,000		24,831,000
net loss
impairment of property, plant and equipment
impairment of goodwill
loss on redemption and repurchase of unsecured senior notes
redemption and repurchase of unsecured senior notes
debt issuance costs
proceeds from issuance of long-term debt
gain on redemption and repurchase of unsecured senior notes
adjusted ebitda % of revenue														6,800	36,100
expansion													19,201,000	32,254,000	76,515,000
upgrade													1,433,000	22,903,000	37,541,000
loss per share:
drilling rig utilization days: canada													3,995,000
revenue per operating hour
earnings per share:
dividend paid per share															50
adjusted ebitda and funds provided by operations are additional gaap measures. see “additional gaap measures”.
net earnings per share
united states
see “additional gaap measures”.
ebitda
expansion capital expenditures
upgrade capital expenditures
maintenance and infrastructure capital expenditures
net earnings - per share:
working capital
total long-term financial liabilities
long-term debt to long-term debt plus equity ratio
net earnings -
cash flows from operating activities:
adjustments to reconcile net income to net cash from operating activities:
gain on insurance proceeds
gain on sale of assets
provision for doubtful accounts
stock-based compensation expense
deferred income taxes
excess tax benefit of stock option exercises
increase in restricted cash
decrease in accounts receivable
decrease in other current assets
increase in trade accounts payable
increase in accrued workers’ compensation
increase in other current liabilities
increase in current taxes payable
increase in other
cash from operating activities
capital expenditures
free cash flows
cash flows from investing activities:
property and equipment additions
insurance proceeds
deposits for new rig purchases
proceeds from sale of assets
cash flows from financing activities:
proceeds from exercise of stock options
excess tax benefit of stock options
purchase of treasury stock
net increase in cash and cash equivalents
cash and cash equivalents, beginning of year
cash and cash equivalents, end of year
supplemental cash flow disclosure
cash paid for interest
cash paid for taxes
benefit from doubtful accounts
increase in accounts receivable
increase in other current assets

Precision Drilling Corporation(NYSE:PDS)

Precision Drilling Corporation
(NYSE:PDS)