TECK RESOURCES LTD
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2024 · Filed Feb 20, 2025
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Contents
EX-99.2 · 33. Segmented Information (continued)
- Segmented Information (continued)
| (CAD$ in millions) | 2023 | |||
|---|---|---|---|---|
| Copper | Zinc | Corporate | Total | |
| Revenue (Note 7(a)) | $3,425 | $3,051 | $— | $6,476 |
| Cost of sales | (2,713) | (2,651) | — | (5,364) |
| Gross profit | 712 | 400 | — | 1,112 |
| Operating income (expense) – other | 56 | (86) | (860) | (890) |
| Profit (loss) from operations | 768 | 314 | (860) | 222 |
| Finance income | 23 | 1 | 86 | 110 |
| Finance expense | (79) | (53) | (28) | (160) |
| Non-operating income (expense) | (190) | — | (59) | (249) |
| Share of profit of joint venture | 2 | — | — | 2 |
| Profit (loss) before taxes from continuing operations | 524 | 262 | (861) | (75) |
| Depreciation and amortization | (553) | (308) | (64) | (925) |
| Capital expenditures from continuing operations | 4,018 | 298 | 24 | 4,340 |
| Goodwill from continuing operations | 406 | — | — | 406 |
| Goodwill from discontinued operations – Unallocated | — | — | — | 702 |
| Goodwill (Note 19) | 406 | — | — | 1,108 |
| Total assets from continuing operations | 28,636 | 4,581 | 3,595 | 36,812 |
| Total assets from discontinued operations – Unallocated | — | — | — | 19,381 |
| Total assets | $28,636 | $4,581 | $3,595 | $56,193 |
Goodwill from discontinued operations and total assets from discontinued operations were unallocated to a segment, as they were derecognized as part of the sale of the steelmaking coal business in 2024 (Note 5).
The geographical distribution of all our non-current assets in 2024 and 2023, other than financial instruments, deferred tax assets and post-employment benefit assets, is as follows:
| (CAD$ in millions) | December 31,2024 | December 31,2023 |
|---|---|---|
| Canada | $3,185 | $21,678 |
| Chile | 24,497 | 22,400 |
| United States | 2,485 | 2,202 |
| Peru | 2,381 | 2,050 |
| Mexico | 219 | 165 |
| Other | 35 | 36 |
| $32,802 | $48,531 |
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