18 ANNUAL REPORT 2012 MANAGEMENTS DISCUSSION AND ANAL YSIS OF OPERA TING RESUL TS AND FINANCIAL CONDITION DECEMBER 31 2012 SELECTED ANNUAL INFORMATION Set out below is selected annual information for each of the last three years millions except per share amounts 2012 2011 2010 Total revenues 29468 28962 27498 EBITDA 1733 1631 1056 Adjusted EBITDA 1724 1472 605 Operating proft 1098 1005 572 Proft attributable to shareholders 780 576 418 Per share Basic 147 107 076 Diluted 118 084 057 Adjusted proft attributable to shareholders 748 545 310 Per share Adjusted earnings 141 101 057 Adjusted diluted earnings 118 084 054 Total assets 21293 19841 21214 Total longterm fnancial liabilities 7058 7024 5868 Cash dividends declared per common share 028 020 020 FINANCIAL CONDITION LIQUIDITY AND CAPITAL RESOURCES Aecons investments in joint ventures where it has joint control including the Quito Airport concessionaire Quiport JV are accounted for by the proportionate consolidation method whereby the consolidated fnancial statements refect line by line Aecons pro rata share of each of the assets liabilities revenue expenses and cash fows of these joint ventures Aecon is also involved in build fnance and design build fnance projects with Infrastructure Ontario Each of these Infrastructure Ontario projects is fnanced by nonrecourse project debt during the construction period through the use of individual design build fnance or build fnance special purpose vehicles both described hereafter as Build Finance SPVs Aecons participation in construction project entities where Aecon exercises signifcant infuence over the entity but does not control or jointly control the entity is accounted for using the equity method For further information see Notes 12 and 26 in the 2012 consolidated fnancial statements