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Segmented Information | 12 Months Ended
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Dec. 31, 2018
Text block [abstract] |
Segmented Information |
27. | Segmented Information
Based on the primary products we produce and our development projects, we have five reportable segments — steelmaking coal, copper, zinc, energy and corporate — which is the way we report information to our Chief Executive Officer. The corporate segment includes all of our initiatives in other commodities, our corporate growth activities, and groups that provide administrative, technical, financial and other support to all of our business units. Other operating expenses include general and administration costs, exploration, research and development, and other operating income (expenses). Sales between segments are carried out on terms that arm’s-length parties would use. Total assets does not include intra-group receivables between segments. Deferred tax assets have been allocated amongst segments.
(CAD$ in millions) |  | December 31, 2018 |
|  | Steelmaking Coal |  |  | Copper |  |  | Zinc |  |  | Energy |  |  | Corporate |  |  | Total |
Segment revenues |  | $ | 6,349 |  |  | $ | 2,714 |  |  | $ | 3,744 |  |  | $ | 407 |  |  | $ | — |  |  | $ | 13,214 |
Less: Intra-segment revenues |  |  | — |  |  |  | — |  |  |  | (650 | ) |  |  | — |  |  |  | — |  |  |  | (650 | )
Revenues |  |  | 6,349 |  |  |  | 2,714 |  |  |  | 3,094 |  |  |  | 407 |  |  |  | — |  |  |  | 12,564 |
Cost of sales |  |  | (3,309 | ) |  |  | (1,837 | ) |  |  | (2,225 | ) |  |  | (572 | ) |  |  | — |  |  |  | (7,943 | )
Gross profit (loss) |  |  | 3,040 |  |  |  | 877 |  |  |  | 869 |  |  |  | (165 | ) |  |  | — |  |  |  | 4,621 |
Asset impairments |  |  | — |  |  |  | (10 | ) |  |  | (31 | ) |  |  | — |  |  |  | — |  |  |  | (41 | )
Other operating income (expenses) |  |  | (79 | ) |  |  | (247 | ) |  |  | 826 |  |  |  | 1 |  |  |  | (297 | ) |  |  | 204 |
Profit (loss) from operations |  |  | 2,961 |  |  |  | 620 |  |  |  | 1,664 |  |  |  | (164 | ) |  |  | (297 | ) |  |  | 4,784 |
Net finance expense |  |  | (47 | ) |  |  | (47 | ) |  |  | (37 | ) |  |  | (16 | ) |  |  | (72 | ) |  |  | (219 | )
Non-operating income (expense) |  |  | 37 |  |  |  | 4 |  |  |  | 11 |  |  |  | — |  |  |  | (104 | ) |  |  | (52 | )
Share of loss of associates and joint ventures |  |  | — |  |  |  | (2 | ) |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | (3 | )
Profit (loss) before taxes |  |  | 2,951 |  |  |  | 575 |  |  |  | 1,638 |  |  |  | (180 | ) |  |  | (474 | ) |  |  | 4,510 |
Capital expenditures |  |  | 969 |  |  |  | 850 |  |  |  | 409 |  |  |  | 375 |  |  |  | 10 |  |  |  | 2,613 |
Goodwill |  |  | 702 |  |  |  | 419 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,121 |
Total assets |  |  | 15,491 |  |  |  | 10,219 |  |  |  | 3,692 |  |  |  | 6,131 |  |  |  | 4,093 |  |  |  | 39,626 |
(CAD$ in millions) |  | December 31, 2017 (restated) |
|  | Steelmaking Coal |  |  | Copper |  |  | Zinc |  |  | Energy |  |  | Corporate |  |  | Total |
Segment revenues |  | $ | 6,014 |  |  | $ | 2,400 |  |  | $ | 4,131 |  |  | $ | — |  |  | $ | — |  |  | $ | 12,545 |
Less: Intra-segment revenues |  |  | — |  |  |  | — |  |  |  | (635 | ) |  |  | — |  |  |  | — |  |  |  | (635 | )
Revenues |  |  | 6,014 |  |  |  | 2,400 |  |  |  | 3,496 |  |  |  | — |  |  |  | — |  |  |  | 11,910 |
Cost of sales |  |  | (3,000 | ) |  |  | (1,814 | ) |  |  | (2,529 | ) |  |  | — |  |  |  | — |  |  |  | (7,343 | )
Gross profit |  |  | 3,014 |  |  |  | 586 |  |  |  | 967 |  |  |  | — |  |  |  | — |  |  |  | 4,567 |
Impairment reversal and (asset impairments) |  |  | 207 |  |  |  | (44 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 163 |
Other operating income (expenses) |  |  | (99 | ) |  |  | 63 |  |  |  | (28 | ) |  |  | (3 | ) |  |  | (392 | ) |  |  | (459 | )
Profit (loss) from operations |  |  | 3,122 |  |  |  | 605 |  |  |  | 939 |  |  |  | (3 | ) |  |  | (392 | ) |  |  | 4,271 |
Net finance expense |  |  | (5 | ) |  |  | (45 | ) |  |  | (31 | ) |  |  | (7 | ) |  |  | (124 | ) |  |  | (212 | )
Non-operating income (expense) |  |  | (29 | ) |  |  | 5 |  |  |  | (9 | ) |  |  | — |  |  |  | (118 | ) |  |  | (151 | )
Share of income of associates and joint ventures |  |  | — |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 3 |  |  |  | 6 |
Profit (loss) before taxes |  |  | 3,088 |  |  |  | 568 |  |  |  | 899 |  |  |  | (10 | ) |  |  | (631 | ) |  |  | 3,914 |
Capital expenditures |  |  | 673 |  |  |  | 467 |  |  |  | 244 |  |  |  | 911 |  |  |  | 4 |  |  |  | 2,299 |
Goodwill |  |  | 702 |  |  |  | 385 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,087 |
Total assets |  |  | 15,241 |  |  |  | 9,533 |  |  |  | 3,720 |  |  |  | 5,667 |  |  |  | 2,867 |  |  |  | 37,028 |
The geographical distribution of our non-current assets is as follows:
(CAD$ in millions) |  | December 31, 2018 |  |  | December 31, 2017 |
Canada |  | $ | 23,238 |  |  | $ | 22,466 |
Chile |  |  | 7,146 |  |  |  | 6,077 |
Peru |  |  | 1,477 |  |  |  | 1,305 |
United States |  |  | 1,282 |  |  |  | 1,131 |
Other |  |  | 99 |  |  |  | 96 |
|  | $ | 33,242 |  |  | $ | 31,075 |
Non-current assets attributed to geographical locations exclude deferred income tax assets and financial and other assets.

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