Consolidated Financial Highlights (unaudited)
(in thousands of dollars except per share amounts)
Three months ended
Nine months ended
September 30,2024
September 30,2023
September 30,2024
September 30,2023
Net earnings
42,719
17,690
45,177
17,753
Basic and diluted earnings per share
1.75
0.72
1.85
0.72
Operating Data
Three months ended
Nine months ended
September 30, 2024
September 30, 2023
September 30, 2024
September 30, 2023
Canadian Full Privilege Golf Members
15,414
15,530
Championship rounds, Canada
567,000
567,000
966,000
958,000
18-hole equivalent championship golf courses, Canada
35.5
35.5
18-hole equivalent managed championship golf courses, Canada
3.5
2.0
Championship rounds, U.S.
30,000
33,000
166,000
202,000
18-hole equivalent championship golf courses, U.S.
6.5
6.5
The following is an analysis of net earnings:
For the three months ended
(thousands of Canadian dollars)
September 30, 2024
September 30, 2023
Operating revenue
$
66,383
$
67,635
Direct operating expenses (1)
46,099
47,264
Net operating income (1)
20,284
20,371
Amortization of membership fees
1,409
1,469
Depreciation and amortization
(3,565
)
(3,607
)
Interest, net and investment income
2,737
2,327
Other items
32,641
2,610
Income taxes
(10,787
)
(5,480
)
Net earnings
$
42,719
$
17,690
For the nine months ended
(thousands of Canadian dollars)
September 30, 2024
