Segmented information (Tables)

12 Months Ended

Dec. 31, 2023

Segmented information [Abstract]

Business segments

A. Business segments - 2023

For the year ended December 31, 2023

Uranium

Fuel

services

(i)

WEC

(i)

Adjustments

Other

Total

Revenue

$

2,152,242

$

425,557

$

521,074

$

(521,074)

$

9,959

$

2,587,758

Expenses

Cost of products and services sold

1,532,316

266,062

200,285

(200,285)

7,390

1,805,768

Depreciation and amortization

175,457

35,426

60,766

(60,766)

9,441

220,324

Cost of sales

1,707,773

301,488

261,051

(261,051)

16,831

2,026,092

Gross profit (loss)

444,469

124,069

260,023

(260,023)

(6,872)

561,666

Administration

-

-

244,400

(244,400)

245,539

245,539

Exploration

17,551

-

-

-

-

17,551

Research and development

-

-

-

-

21,036

21,036

Other operating income

(1,875)

(5,634)

-

-

-

(7,509)

Loss on disposal of assets

1,825

363

-

-

-

2,188

Finance costs

-

-

26,274

(26,274)

115,869

115,869

Loss (gain) on derivatives

-

-

2,838

(2,838)

(37,791)

(37,791)

Finance income

-

-

(1,885)

1,885

(111,670)

(111,670)

Share of earnings from

 equity-accounted investees

(178,848)

-

-

24,386

-

(154,462)

Other expense (income)

(545)

-

19,424

(19,424)

(15,693)

(16,238)

Earnings (loss) before income taxes

606,361

129,340

(31,028)

6,642

(224,162)

487,153

Income tax expense

126,337

Net earnings

360,816

Capital expenditures for the year

$

105,384

$

42,546

$

42,405

$

(42,405)

$

5,701

$

153,631

(i) Consistent with the presentation of financial information for internal management purposes, Cameco’s share of

Westinghouse’s financial results have been presented as a separate segment. In accordance with IFRS, this investment is

accounted for by the equity method of accounting in these consolidated financial statements and the associated revenues and

expenses are eliminated in the “Adjustments” column.

For the year ended December 31, 2022

Uranium

Fuel

services

Other

Total

Revenue

$

1,480,146

$

365,063

$

22,794

$

1,868,003

Expenses

Cost of products and services sold

1,223,558

215,660

18,118

1,457,336

Depreciation and amortization

135,800

32,618

8,958

177,376

Cost of sales

1,359,358

248,278

27,076

1,634,712

Gross profit (loss)

120,788

116,785

(4,282)

233,291

Administration

-

-

172,029

172,029

Exploration

10,578

-

-

10,578

Research and development

-

-

12,175

12,175

Other operating expense (income)

25,845

(2,901)

-

22,944

(Gain) loss on disposal of assets

726

(212)

-

514

Finance costs

-

-

85,728

85,728

Loss on derivatives

-

-

72,949

72,949

Finance income

-

-

(37,499)

(37,499)

Share of earnings from equity-accounted investee

(93,988)

-

-

(93,988)

Other income

(22,802)

-

(74,132)

(96,934)

Earnings (loss) before income taxes

200,429

119,898

(235,532)

84,795

Income tax recovery

(4,469)

Net earnings

89,264

Capital expenditures for the year

$

101,547

$

39,736

$

2,198

$

143,481

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:

2023

2022

Canada

$

1,877,742

$

994,534

United States

710,016

873,469

$

2,587,758

$

1,868,003

The Company’s non-current assets, excluding deferred tax assets and financial instruments, by geographic location

are as follows:

2023

2022

Canada

$

2,947,395

$

3,042,533

Australia

389,152

397,678

United States

75,769

80,352

Kazakhstan

28

38

Germany

5

6

$

3,412,349

$

3,520,607