Power Corporation of Canada | Financial Highlights

Financial Highlights

Quarterly Highlights
Five-year Summary

For the three months ended

For the years ended

	For the three months ended			For the years ended
(In millions of canadian dollars, except per share amounts or as otherwise noted) (unaudited)	June 30 2017	March 31 2017	June 30 2016	December 31 2016	December 31 2015
Revenues	12,080	13,777	13,879	50,750	38,265
Net earnings attributable to participating shareholders	350	258	272	1,082	1,786
Net earnings per participating share	0.75	0.56	0.59	2.33	3.86
Adjusted net earnings⁽¹⁾ attributable to participating shareholders^{(2, 3)}	401	269	306	1,212	1,573
Adjusted net earnings⁽¹⁾ per participating share^{(2, 3)}	0.86	0.58	0.66	2.61	3.40
Dividends declared per participating share	0.3585	0.3350	0.3350	1.3163	1.2238
Consolidated assets	434,809	429,619	413,108	422,903	422,859
Shareholders' equity⁽⁴⁾	14,222	14,139	13,111	13,864	13,978
Book value per participating share⁽⁴⁾	28.58	28.40	26.22	27.84	28.08
Participating shares outstanding (in millions)	463.8	463.8	463.2	463.3	463.2

(1) Previously described as operating earnings.
(2) Adjusted net earnings attribuable to participating shareholders and adjusted net earnings per participating share are non-IFRS financial measures.
(3) Comparative figures have been adjusted to reflect other items reported by Lifeco for the fourth quarter of 2016.
(4) Comparative figures have been retrospectively adjusted as described in Note 16 of the Corporation's 2016 Consolidated Financial Statements.

2014

2013

2012

2011

2010

As at and for the years ended December 31 [in millions of Canadian dollars, except as otherwise noted] (unaudited)	2016	2015	2014	2013	2012
Consolidated Balance Sheets
Cash and cash equivalents	5,182	5,085	4,431	4,767	3,540
Total assets	422,903	422,859	377,781	344,976	271,474
Shareholders’ equity⁽¹⁾	13,864	13,978	11,931	10,924	9,475
Consolidated Statements of Earnings
Revenues
Premium income, net	31,125	24,501	21,222	20,236	19,257
Investment income, net	10,335	4,869	13,706	2,752	8,391
Fee income	7,794	7,692	6,990	5,933	5,302
Other revenues	1,496	1,203	711	721	493
	50,570	38,265	42,629	29,642	33,443
Expenses
Total paid or credited to policyholders	34,675	22,842	29,160	17,811	22,875
Commissions	3,590	3,133	2,901	2,590	2,487
Operating and administrative expenses	8,023	7,239	6,066	5,448	4,463
Financing charges	490	480	457	440	445
	46,778	33,694	38,584	26,289	30,270
	3,972	4,571	4,045	3,353	3,173
Share of earnings (losses) of investments in jointly controlled corporations and associates	(122)	213	215	106	102
Earnings before income taxes	3,850	4,784	4,260	3,459	3,275
Income taxes	587	685	824	670	550
Net earnings	3,263	4,099	3,436	2,789	2,725
Attributable to
Non-controlling interests	2,129	2,261	2,109	1,760	1,859
Non-participating shareholders	52	52	52	52	50
Participating shareholders	1,082	1,786	1,275	977	816
	3,263	4,099	3,436	2,789	2,725
Per share
Net earnings attributable to participating shareholders	2.33	3.86	2.77	2.12	1.78
Adjusted net earnings⁽²⁾ attributable to participating shareholders^{(3, 4)}	2.61	3.40	2.69	2.08	2.06
Dividends declared on participating shares	1.32	1.22	1.16	1.16	1.16
Book value at year-end⁽¹⁾	27.84	28.08	23.74	21.61	18.47
Market price (Participating shares)
High	31.03	34.57	32.87	32.82	27.42
Low	26.77	27.15	27.60	25.02	21.70
Year-end	30.05	28.94	31.76	31.95	25.38

(1) Comparative figures have been retrospectively adjusted as described in Note 16 to the Corporation's 2016 Consolidated Financial Statements
(2) Previously described as operating earnings.
(3) Adjusted net earnings per share is a non-IFRS financial measures.
(4) Comparative figures have been adjusted to reflect other items reported by Lifeco for the fourth quarter of 2016.

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