v3.26.1
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Common Shares Outstanding
Stock Options
Contributed Surplus
Retained Earnings (Deficit)
Other Reserves
Total
Balance at the beginning of the year at Dec. 31, 2023 $ 18,334,869 $ 201,755 $ 22,074 $ 963,172 $ (98,955) $ 19,422,915
Balance at the beginning of the year (in Shares) at Dec. 31, 2023 497,299,441          
Net income $ 0 0 0 1,895,581 0 1,895,581
Other comprehensive (loss) income 0 0 0 (2,208) 58,120 55,912
Comprehensive income for the year 0 0 0 1,893,373 58,120 1,951,493
Transfer of gain on disposal of equity securities to retained earnings (Note 10)       312 (312)  
Shares issued under employee stock option plan (Notes 16 and 17A) $ 237,979 (39,447) 0 0 0 198,532
Shares issued under employee stock option plan (Notes 16 and 17A) (in Shares) 3,402,181          
Stock options (Notes 16 and 17A) $ 0 9,837 0 0 0 9,837
Shares issued under incentive share purchase plan (Note 17B) $ 55,467 0 0 0 0 55,467
Shares issued under incentive share purchase plan (Note 17B) (in Shares) 801,645          
Shares issued under dividend reinvestment plan $ 126,089 0 0 0 0 126,089
Shares issued under dividend reinvestment plan (in Shares) 2,015,963          
NCIB (Note 16) $ (64,898) 0 (22,074) (32,915) 0 $ (119,887)
NCIB (Note 16) (in shares) (1,749,086)         1,749,086
Dividends declared ($1.60 per share) $ 0 0 0 (797,700) 0 $ (797,700)
RSU, PSU and LTIP (Notes 16 and 17C, D) $ (13,846) 0 0 0 0 (13,846)
RSU, PSU and LTIP (Notes 16 and 17C, D) (in Shares) (40,639)          
Balance at the end of the year at Dec. 31, 2024 $ 18,675,660 172,145   2,026,242 (41,147) 20,832,900
Balance at the end of the year (in Shares) at Dec. 31, 2024 501,729,505          
Net income $ 0 0 0 4,461,461 0 4,461,461
Other comprehensive (loss) income 0 0 0 (2,661) 680,267 677,606
Comprehensive income for the year 0 0 0 4,458,800 680,267 5,139,067
Transfer of gain on disposal of equity securities to retained earnings (Note 10) 0 0 0 227,199 (227,199) 0
Shares issued under employee stock option plan (Notes 16 and 17A) $ 91,194 (15,445) 0 0 0 75,749
Shares issued under employee stock option plan (Notes 16 and 17A) (in Shares) 1,366,407          
Stock options (Notes 16 and 17A) $ 0 10,075 0 0 0 10,075
Shares issued under incentive share purchase plan (Note 17B) $ 63,501 0 0 0 0 63,501
Shares issued under incentive share purchase plan (Note 17B) (in Shares) 466,302          
Shares issued under dividend reinvestment plan $ 74,840 0 0 0 0 74,840
Shares issued under dividend reinvestment plan (in Shares) 609,505          
NCIB (Note 16) $ (161,648) 0 0 (445,451) 0 $ (607,099)
NCIB (Note 16) (in shares) (4,114,150)         4,114,150
Dividends declared ($1.60 per share) $ 0 0 0 (802,884) 0 $ (802,884)
RSU, PSU and LTIP (Notes 16 and 17C, D) $ (43,685) 0 0 0 0 (43,685)
RSU, PSU and LTIP (Notes 16 and 17C, D) (in Shares) (10,969)          
Balance at the end of the year at Dec. 31, 2025 $ 18,699,862 $ 166,775 $ 0 $ 5,463,906 $ 411,921 $ 24,742,464
Balance at the end of the year (in Shares) at Dec. 31, 2025 500,046,600