- Talisman 2010 Highlights
- About Our Company
- Financial and Operating Highlights
- President's Message
- Where We Operate
- Looking to 2011
- Management's Discussion and Analysis
- 2010 Performance
- 2010 Net Income Variance
- Continuing Operations Review
- Acquisitions
- Discontinued Operations
- Reserves Replacement
- Liquidity and Capital Resources
- Sensitivities
- Commitments and Off-Balance Sheet Arrangements
- Risk Management
- Summary of Quarterly Results
- Outlook for 2011
- Internal Control Over Financial Reporting and Disclosure Controls and Procedures
- Litigation
- Application of Critical Accounting Policies and Use of Estimates
- Changes in Reporting Conventions
- New US Accounting Pronouncements
- New Regulatory Developments
- International Financial Reporting Standards (IFRS)
- Risk Factors
- Advisories
- Abbreviations and Definitions
- Consolidated Financial Statements
- Report of Management
- Management Report on Internal Control Over Financial Reporting
- Independent Auditors' Report on Internal Controls Under Standards of the Public Company Accounting Oversight Board (United States)
- Independent Auditors' Report of Registered Public Accounting Firm
- Consolidated Balance Sheets
- Consolidated Statements of Income
- Consolidated Statements of Comprehensive Income (Loss)
- Consolidated Statements of Changes in Shareholders' Equity
- Consolidated Statements of Cash Flows
- Notes to the Consolidated Financial Statements
- Supplementary Oil and Gas Information
- Results of Operations from Oil and Gas Producing Activities
- Capitalized Costs Relating to Oil and Gas Activities
- Costs Incurred in Oil and Gas Activities
- Standardized Measure of Discounted Future Net Cash Flows from Proved Reserves
- Discounted Future Net Cash Flows from Proved Reserves
- Principal Sources of Changes in Discounted Cash Flows
- Continuity of Net Proved Reserves 1
- Additional Information
- Detailed Property Reviews
- Governance
- Investor Information
- Corporate Information
- Advisories
- Market Information
| Years ended December 31 (millions of C$) | 2010 | 2009 | 2008 |
|---|---|---|---|
| Common shares | |||
| Balance at beginning of year | 2,374 | 2,372 | 2,437 |
| Issued on exercise of stock options | 97 | 2 | 3 |
| Shares purchased and held in trust for PSU plans (note 13) | (82) | – | (68) |
| Shares released from trust for 2008 PSU plan (note 13) | 68 | – | – |
| Balance at end of year | 2,457 | 2,374 | 2,372 |
| Contributed surplus | |||
| Balance at beginning of year | 153 | 84 | 64 |
| Stock‑based compensation (recovery) (note 13) | (21) | 69 | 20 |
| Balance at end of year | 132 | 153 | 84 |
| Retained earnings | |||
| Balance at beginning of year | 9,174 | 8,966 | 5,651 |
| Net income | 648 | 437 | 3,519 |
| Common share dividends | (254) | (229) | (204) |
| Balance at end of year | 9,568 | 9,174 | 8,966 |
| Accumulated other comprehensive loss | |||
| Balance at beginning of year | (590) | (272) | (189) |
| Other comprehensive loss | (1,088) | (318) | (83) |
| Balance at end of year | (1,678) | (590) | (272) |
See accompanying notes.