| Financial Data (in millions of US dollars except share, per-share and percentage amounts) | |||||||||||
| 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | |
| Sales | |||||||||||
Potash |
4,068.1 | 1,797.2 | 1,227.5 | 1,341.1 | 1,056.1 | 758.7 | 669.0 | 655.2 | 710.3 | 688.6 | 663.3 |
Phosphate |
2,880.7 | 1,637.1 | 1,255.1 | 1,137.3 | 977.9 | 883.9 | 714.0 | 732.1 | 868.1 | 922.3 | 1,099.5 |
Nitrogen |
2,497.7 | 1,799.9 | 1,284.1 | 1,368.8 | 1,210.4 | 1,156.4 | 841.4 | 993.5 | 964.5 | 744.7 | 844.2 |
| Total sales | 9,446.5 | 5,234.2 | 3,766.7 | 3,847.2 | 3,244.4 | 2,799.0 | 2,224.4 | 2,380.8 | 2,542.9 | 2,355.6 | 2,607.0 |
5-year CAGR 1 |
27.5% | ||||||||||
10-year CAGR 1 |
13.7% | ||||||||||
| Gross margin | |||||||||||
Potash |
3,055.5 | 912.3 | 561.1 | 707.4 | 422.8 | 203.7 | 218.0 | 248.1 | 307.4 | 304.2 | 319.2 |
Phosphate |
1,114.5 | 432.8 | 125.3 | 98.9 | 15.8 | (16.5) | 41.9 | 64.5 | 76.8 | 130.5 | 230.1 |
Nitrogen |
737.4 | 536.1 | 315.6 | 318.7 | 242.8 | 193.2 | 47.4 | 94.7 | 104.7 | (21.4) | 64.8 |
| Total gross margin | 4,907.4 | 1,881.2 | 1,002.0 | 1,125.0 | 681.4 | 380.4 | 307.3 | 407.3 | 488.9 | 413.3 | 614.1 |
5-year CAGR 1 |
66.8% | ||||||||||
10-year CAGR 1 |
23.1% | ||||||||||
| Depreciation and amortization | |||||||||||
Potash |
82.0 | 71.7 | 58.3 | 64.5 | 66.4 | 52.4 | 46.3 | 34.1 | 40.9 | 37.2 | 36.2 |
Phosphate |
140.5 | 121.1 | 94.6 | 95.6 | 84.4 | 78.9 | 76.8 | 72.0 | 68.1 | 61.8 | 59.1 |
Nitrogen |
97.1 | 88.2 | 77.6 | 72.0 | 79.7 | 86.4 | 88.0 | 72.8 | 66.1 | 83.5 | 86.7 |
Other |
7.9 | 10.3 | 11.9 | 10.3 | 9.5 | 9.7 | 8.0 | 6.8 | 11.9 | 8.6 | 8.9 |
| Total depreciation and amortization | 327.5 | 291.3 | 242.4 | 242.4 | 240.0 | 227.4 | 219.1 | 185.7 | 187.0 | 191.1 | 190.9 |
| Operating income (loss) | 4,635.1 | 1,588.5 | 875.5 | 892.6 | 514.3 | (55.6) | 166.9 | 269.7 | 326.8 | (353.0) | 442.3 |
| Net income (loss) * 2 | 3,495.2 | 1,103.6 | 631.8 | 542.9 | 298.6 | (126.3) | 53.6 | 121.2 | 198.0 | (412.0) | 261.0 |
6-year CAGR 1, 3 |
100.6% | ||||||||||
10-year CAGR 1 |
29.6% | ||||||||||
| Net income (loss) per share – basic | 11.37 | 3.50 | 2.03 | 1.67 | 0.92 | (0.40) | 0.17 | 0.39 | 0.63 | (1.27) | 0.80 |
| Net income (loss) per share – diluted | 11.01 | 3.40 | 1.98 | 1.63 | 0.90 | (0.40) | 0.17 | 0.39 | 0.63 | (1.27) | 0.80 |
| Dividends per share | 0.40 | 0.35 | 0.20 | 0.20 | 0.18 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.16 |
| Cash provided by operating activities | 3,013.2 | 1,688.9 | 696.8 | 865.1 | 658.3 | 385.5 | 316.4 | 75.7 | 480.4 | 343.6 | 578.0 |
| Working capital | (348.6) | 809.4 | 206.7 | 14.7 | 539.9 | 176.1 | 8.6 | 47.1 | (148.7) | (104.8) | 329.2 |
| Total assets | 10,248.8 | 9,716.6 | 6,217.0 | 5,357.9 | 5,126.8 | 4,567.3 | 4,685.6 | 4,597.3 | 4,145.7 | 3,916.8 | 4,534.3 |
| Long-term debt obligations 4 | 1,758.0 | 1,358.3 | 1,357.1 | 1,257.6 | 1,258.6 | 1,268.6 | 1,019.9 | 1,013.7 | 413.7 | 437.0 | 933.3 |
| Shareholders’ equity | 4,588.9 | 6,018.7 | 2,780.3 | 2,132.5 | 2,385.6 | 1,973.8 | 2,092.5 | 2,086.5 | 2,012.1 | 1,962.4 | 2,453.8 |
| Shares outstanding at the end of the year (thousands) 5 |
295,201 | 316,411 | 314,403 | 310,782 | 331,893 | 318,672 | 312,468 | 311,712 | 311,046 | 322,164 | 325,464 |
| Operating Data (thousands) | |||||||||||
| 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | |
| Employees at year-end (actual #) | 5,301 | 5,003 | 4,871 | 4,879 | 4,906 | 4,904 | 5,199 | 4,997 | 5,338 | 5,498 | 5,744 |
| Potash production (KCl) tonnage | 8,697 | 9,159 | 7,018 | 8,816 | 7,914 | 7,094 | 6,447 | 6,128 | 7,149 | 6,388 | 6,995 |
| Phosphate production (P2O5) tonnage | 1,942 | 2,164 | 2,108 | 2,097 | 1,962 | 1,861 | 1,512 | 1,573 | 2,042 | 2,124 | 2,363 |
| Nitrogen production (N) tonnage | 2,780 | 2,986 | 2,579 | 2,600 | 2,558 | 2,619 | 2,990 | 3,032 | 2,706 | 3,138 | 3,121 |
| Potash sales – manufactured KCl tonnes | 8,547 | 9,400 | 7,196 | 8,164 | 8,276 | 7,083 | 6,327 | 6,243 | 6,912 | 6,474 | 6,283 |
| Phosphate sales – manufactured product tonnes | 3,322 | 4,151 | 3,970 | 3,860 | 3,675 | 3,560 | 2,809 | 2,987 | 3,861 | 4,002 | 4,627 |
| Nitrogen sales – manufactured product tonnes | 5,042 | 5,731 | 4,675 | 4,843 | 4,734 | 5,367 | 5,911 | 5,753 | 5,864 | 6,271 | 6,032 |
| 1 | Compound annual growth rate expressed as a percentage. |
| 2 | There were no extraordinary items or discontinued operations in any of the accounting periods. |
| 3 | 2003 result was negative, therefore six-year CAGR used. |
| 4 | Represents long-term debt obligations and does not include unamortized costs. (See Note 13 to the company's consolidated financial statements for description of such amounts.) |
| 5 | Common shares were repurchased in 2008, 2005, 2000 and 1999 in the amounts of 22.849 million, 28.500 million, 6.210 million and 1.890 million, respectively. |
The consolidated financial statements of the company have been prepared in accordance with Canadian generally accepted accounting principles. These principles differ in certain material respects from those applicable in the United States. (See Note 33 to the company's consolidated financial statements.) Certain of the prior years' figures have been reclassified to conform with the current year's presentation.
| * Additional Information: |
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