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Segmented information | 12 Months Ended
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Dec. 31, 2018
Disclosure Of Operating Segments [Abstract] |
Segmented information | 28. Segmented information As a result of a change to the way its global marketing activities are organized, during 2018, Cameco discontinued the reporting of NUKEM as a reportable segment. The consolidation of Canadian and international marketing activities in Saskatoon has resulted in NUKEM’s activities no longer meeting the quantitative thresholds for separate disclosure. Its results are now included in the “other” column and comparative information has been adjusted. Cameco now has two reportabl e segments: uranium and fuel services. Cameco's reportable segments are strategic business units with different products, processes and marketing strategies. The uranium segment involves the exploration for, mining, milling, purchase and sale of uranium co ncentrate. The fuel services segment involves the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. Cost of sales in the uranium segment includes care and maintenance costs for our operations tha t currently have production suspensions. Cameco expensed $212,511,000 (2017 - $38,311,000) of care and maintenance c osts during the year, including $32,111,000 (2017 - $1,200,000) of severance costs. This had a negative impact on gross profit in the uranium segment. Accounting policies used in each segment are consistent with the policies outlined in the summary of significant accounting policies. Segment revenues, expenses and results include transactions between segments incurred in the ordinary cou rse of business. These transactions are priced on an arm’s length basis, are eliminated on consolidation and are reflected in the “other” column.
A. Business segments - 2018 |  |  |  |  |  |  |  |
For the year ended December 31, 2018 |  |  |  |  |  |  |  |
|  |  |  | Uranium |  | Fuel services |  | Other |  | Total
Revenue | $ | 1,684,056 | $ | 313,989 | $ | 93,616 | $ | 2,091,661
Expenses |  |  |  |  |  |  |  |
| Cost of products and services sold |  | 1,138,940 |  | 219,240 |  | 109,760 |  | 1,467,940
| Depreciation and amortization |  | 277,171 |  | 35,977 |  | 14,825 |  | 327,973
Cost of sales |  | 1,416,111 |  | 255,217 |  | 124,585 |  | 1,795,913
Gross profit (loss) |  | 267,945 |  | 58,772 |  | (30,969) |  | 295,748
| Administration |  | - |  | - |  | 141,552 |  | 141,552
| Exploration |  | 20,283 |  | - |  | - |  | 20,283
| Research and development |  | - |  | - |  | 1,757 |  | 1,757
| Other operating expense |  | 59,616 |  | - |  | - |  | 59,616
| Loss on disposal of assets |  | 1,008 |  | 1,264 |  | 31 |  | 2,303
| Finance costs |  | - |  | - |  | 111,779 |  | 111,779
| Loss on derivatives |  | - |  | - |  | 81,081 |  | 81,081
| Finance income |  | - |  | - |  | (22,071) |  | (22,071)
| Share of earnings from equity-accounted investee |  | (32,321) |  | - |  | - |  | (32,321)
| Other income |  | (81,955) |  | - |  | (26,205) |  | (108,160)
Earnings (loss) before income taxes |  | 301,314 |  | 57,508 |  | (318,893) |  | 39,929
| Income tax recovery |  |  |  |  |  |  |  | (126,306)
Net earnings |  |  |  |  |  |  |  | 166,235
Capital expenditures for the year | $ | 44,114 | $ | 11,226 | $ | 22 | $ | 55,362
For the year ended December 31, 2017 |  |  |  |  |  |  |  |
|  |  |  | Uranium |  | Fuel services |  | Other |  | Total
Revenue | $ | 1,574,068 | $ | 312,888 | $ | 269,896 | $ | 2,156,852
Expenses |  |  |  |  |  |  |  |
| Cost of products and services sold |  | 910,685 |  | 212,035 |  | 267,513 |  | 1,390,233
| Depreciation and amortization |  | 267,931 |  | 37,093 |  | 25,321 |  | 330,345
Cost of sales |  | 1,178,616 |  | 249,128 |  | 292,834 |  | 1,720,578
Gross profit (loss) |  | 395,452 |  | 63,760 |  | (22,938) |  | 436,274
| Administration |  | - |  | - |  | 163,095 |  | 163,095
| Impairment charges |  | 246,931 |  | - |  | 111,399 |  | 358,330
| Exploration |  | 29,933 |  | - |  | - |  | 29,933
| Research and development |  | - |  | - |  | 5,660 |  | 5,660
| Other operating expense |  | 43 |  | - |  | - |  | 43
| Loss on disposal of assets |  | 5,901 |  | 247 |  | 799 |  | 6,947
| Finance costs |  | - |  | - |  | 110,608 |  | 110,608
| Gain on derivatives |  | - |  | - |  | (56,250) |  | (56,250)
| Finance income |  | - |  | - |  | (5,265) |  | (5,265)
| Other expense |  | 7,193 |  | - |  | 23,217 |  | 30,410
Earnings (loss) before income taxes |  | 105,451 |  | 63,513 |  | (376,201) |  | (207,237)
| Income tax recovery |  |  |  |  |  |  |  | (2,519)
Net loss |  |  |  |  |  |  |  | (204,718)
Capital expenditures for the year | $ | 132,073 | $ | 11,237 | $ | 23 | $ | 143,333
B. Geographic segments Revenue is attributed to the geographic location based on the location of the entity providing the services. The Company’s revenue from external customers is as follows:
|  | 2018 |  | 2017
United States | $ | 1,660,727 | $ | 1,692,936
Canada |  | 424,079 |  | 316,611
Germany |  | 2,817 |  | 147,305
Switzerland |  | 4,038 |  | -
| $ | 2,091,661 | $ | 2,156,852
The Company’s non-current assets, excluding deferred tax assets and financial instruments, by geographic location
are as follows:
|  | 2018 |  | 2017
Canada | $ | 3,401,828 | $ | 3,417,254
Australia |  | 414,084 |  | 422,400
United States |  | 131,526 |  | 138,455
Kazakhstan |  | 49 |  | 283,562
Germany |  | 41 |  | 233
| $ | 3,947,528 | $ | 4,261,904

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