Cogeco 2004 Annual Report Download - page 31

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CONSOLIDATED FINANCIAL STATEMENTS
Cogeco Cable Inc. 2004 29
CONSOLIDATED STATEMENTS OF CASH FLOW
Years ended August 31, 2004 2003
(in thousands of dollars) (restated)
$$
Cash flow from operating activities
Net loss (32,194) (124)
Items not affecting cash and cash equivalents
Amortization (note 2) 140,214 110,234
Amortization of deferred financing costs 1,223 1,340
Future income taxes (note 3) 35,143 916
Other 392 159
Cash flow from operations 144,778 112,525
Changes in non-cash working capital items
and long-term deferred and prepaid income (note 12a)) 4,302 19,632
149,080 132,157
Cash flow from investing activities
Acquisition of fixed assets (note 12b)) (78,639) (87,335)
Increase in deferred charges (20,022) (22,096)
Other 59 87
(98,602) (109,344)
Cash flow from financing activities
Increase (decrease) in bank indebtedness 3,516 (1,197)
Repayment of long-term debt (54,395) (21,632)
Issue of subordinate voting shares 401 134
Purchase of subordinate voting shares for cancellation —(118)
(50,478) (22,813)
Net change in cash and cash equivalents and
cash and cash equivalents at end ——
See supplemental cash flow information in note 12.