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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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Suncor Energy Inc., Consolidated Income Statement
USD $ in millions, translated from CAD C$
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
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Operating revenues | |
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Royalties | |
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Operating revenues, net of royalties | |
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Other income | |
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Revenues | |
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Purchases of crude oil and products | |
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Operating, selling and general | |
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Transportation | |
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Depreciation, depletion, amortization and impairment | |
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Exploration | |
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Gain (loss) on disposal of assets | |
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Project start-up costs | |
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Earnings before financing expenses and income taxes | |
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Interest expense | |
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Accretion | |
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Foreign exchange gain (loss) on U.S. dollar denominated long-term debt | |
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Other foreign exchange gain (loss) | |
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Financing expenses | |
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Earnings before income taxes | |
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Income taxes | |
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Net earnings | |
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| Item | Description | The company |
|---|---|---|
| Operating revenues | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | Suncor Energy Inc.'s operating revenues increased from 2009 to 2010 and from 2010 to 2011. |
| Earnings before financing expenses and income taxes | The net result for the period of deducting operating expenses from operating revenues. | Suncor Energy Inc.'s earnings before financing expenses and income taxes increased from 2009 to 2010 and from 2010 to 2011. |
| Earnings before income taxes | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Suncor Energy Inc.'s earnings before income taxes increased from 2009 to 2010 and from 2010 to 2011. |
| Net earnings | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | Suncor Energy Inc.'s net earnings increased from 2009 to 2010 and from 2010 to 2011. |
May 24, 2012