Cogeco 2010 Annual Report Download - page 46

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Consolidated Financial Statements COGECO CABLE INC. 2010 45
Consolidated statements of income (loss)
Years ended August 31, 2010 2009
(In thousands of dollars, except per share data) $ $
(restated)
Revenue
Service 1,270,391 1,210,932
Equipment 10,985 6,905
1,281,376 1,217,837
Operating costs 762,261 700,942
Management fees – COGECO Inc. (note 20) 9,019 9,019
Operating income before amortization 510,096 507,876
A
mortization (note 4) 258,871 256,077
Operating income 251,225 251,799
Financial expense (note 5) 64,904 69,709
Reduction of withholding and stamp tax contingent liabilities (note 6) –(16,130)
Impairment of goodwill and intangible assets (note 7) –399,648
Income (loss) before income taxes 186,321 (201,428)
Income taxes (note 8) 29,018 56,800
Net income (loss) 157,303 (258,228)
Earnings (loss) per share (note 9)
Basic 3.24 (5.32)
Diluted 3.23 (5.32)