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v3.25.0.1

Consolidated Statements of Earnings - CAD ($) shares in Millions, $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
Profit or loss [abstract] |  |  |
Revenue | $ 2,845 | $ 3,355 | $ 2,976
Fuel and purchased power | 939 | 1,060 | 1,263
Carbon compliance | 112 | 112 | 78
Gross margin | 1,794 | 2,183 | 1,635
Operations, maintenance, and administration | 655 | 539 | 521
Depreciation and amortization | 531 | 621 | 599
Asset impairment charges (reversals) | 46 | (48) | 9
Taxes, other than income taxes | 36 | 29 | 33
Net other operating income | (59) | (47) | (58)
Operating income | 585 | 1,089 | 531
Equity income | 5 | 4 | 9
Finance lease income | 14 | 12 | 19
Interest income | 30 | 59 | 24
Interest expense | (324) | (281) | (286)
Foreign exchange gain (loss) | 5 | (7) | 4
Gain on sale of assets and other | 4 | 4 | 52
Earnings before income taxes | 319 | 880 | 353
Income tax expense | 80 | 84 | 192
Net earnings | 239 | 796 | 161
Net earnings attributable to: |  |  |
TransAlta shareholders | 229 | 695 | 50
Non-controlling interests | 10 | 101 | 111
Net earnings | 239 | 796 | 161
Preferred share dividends | 52 | 51 | 46
Net earnings attributable to common shareholders | $ 177 | $ 644 | $ 4
Weighted average number of common shares outstanding in the year (in shares) | 302 | 276 | 271
Net earnings (loss) per share attributable to common shareholders, basic (in CAD per share) | $ 0.59 | $ 2.33 | $ 0.01
Net earnings (loss) per share attributable to common shareholders, diluted (in CAD per share) | $ 0.59 | $ 2.33 | $ 0.01

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