XML 188 R34.htm IDEA: XBRL DOCUMENT
v3.20.1

Segmented information | 12 Months Ended
--- | ---
Dec. 31, 2019
Disclosure Of Operating Segments [Abstract] |
Segmented information | 28. Segmented information Cameco 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 $153,924,000 (2018 - $212,511,000) of care and maintenance c osts during the year, including $260,000 (2018 - $32,111,000) of severance costs. This had a negative impact on gross profit in the u ranium 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 cour se 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 - 2019 |  |  |  |  |  |  |  |
For the year ended December 31, 2019 |  |  |  |  |  |  |  |
|  |  |  | Uranium |  | Fuel services |  | Other |  | Total
Revenue | $ | 1,413,809 | $ | 370,277 | $ | 78,839 | $ | 1,862,925
Expenses |  |  |  |  |  |  |  |
| Cost of products and services sold |  | 1,041,922 |  | 234,423 |  | 69,206 |  | 1,345,551
| Depreciation and amortization |  | 218,832 |  | 45,856 |  | 11,061 |  | 275,749
Cost of sales |  | 1,260,754 |  | 280,279 |  | 80,267 |  | 1,621,300
Gross profit (loss) |  | 153,055 |  | 89,998 |  | (1,428) |  | 241,625
| Administration |  | - |  | - |  | 124,869 |  | 124,869
| Exploration |  | 13,686 |  | - |  | - |  | 13,686
| Research and development |  | - |  | - |  | 6,058 |  | 6,058
| Other operating expense |  | 2,732 |  | - |  | - |  | 2,732
| Loss on disposal of assets |  | 1,869 |  | - |  | - |  | 1,869
| Finance costs |  | - |  | - |  | 98,622 |  | 98,622
| Gain on derivatives |  | - |  | - |  | (32,269) |  | (32,269)
| Finance income |  | - |  | - |  | (29,760) |  | (29,760)
| Share of earnings from equity-accounted investee |  | (45,360) |  | - |  | - |  | (45,360)
| Other expense (income) |  | (52,801) |  | - |  | 18,961 |  | (33,840)
Earnings (loss) before income taxes |  | 232,929 |  | 89,998 |  | (187,909) |  | 135,018
| Income tax expense |  |  |  |  |  |  |  | 61,077
Net earnings |  |  |  |  |  |  |  | 73,941
Capital expenditures for the year | $ | 48,092 | $ | 27,117 | $ | 2 | $ | 75,211
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
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:
|  | 2019 |  | 2018
United States | $ | 1,295,195 | $ | 1,660,727
Canada |  | 567,730 |  | 424,079
Switzerland |  | - |  | 4,038
Germany |  | - |  | 2,817
| $ | 1,862,925 | $ | 2,091,661
The Company’s non-current assets, excluding deferred tax assets and financial instruments, by geographic location
are as follows:
|  | 2019 |  | 2018
Canada | $ | 3,267,376 | $ | 3,401,828
Australia |  | 392,500 |  | 414,084
United States |  | 121,102 |  | 131,526
Kazakhstan |  | 80 |  | 49
Germany |  | 24 |  | 41
| $ | 3,781,082 | $ | 3,947,528
Major customer s Cameco relies on a small number of customers to purchase a significant portion of its uranium concentrates and uranium conversion services. During 2019, revenues from two customers of Cameco’s uranium and fuel services segments represented approximately $422,740,000 (2018 - $204,594,000), approximately 24% (2018 - 10%) of Cameco’s total revenues from these segments. As customers are relatively few in number, accounts receivable from any individual customer may periodically exceed 10% of accounts receivable depending on delivery schedule.

X
- Definition The entire disclosure for operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2019-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IFRS08_g20-24_TI -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfOperatingSegmentsAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration