Cogeco 2013 Annual Report Download - page 53

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52 COGECO CABLE INC. 2013 Consolidated financial statements
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
Years ended August 31, 2013 2012
(In thousands of Canadian dollars, except per share data) $$
Revenue 1,692,466 1,277,698
Operating expenses (note 6) 902,374 679,161
Management fees – COGECO Inc. (note 22 A)) 9,569 9,485
Integration, restructuring and acquisition costs (note 4) 21,570 1,869
Depreciation and amortization (note 7) 382,714 275,003
Operating income 376,239 312,180
Financial expense (note 8) 128,314 64,007
Profit before income taxes 247,925 248,173
Income taxes (note 9) 62,842 78,656
Profit for the year from continuing operations 185,083 169,517
Profit for the year from discontinued operations (note 21) —55,446
Profit for the year 185,083 224,963
Earnings per share (note 10)
Basic
Profit for the year from continuing operations 3.80 3.48
Profit for the year from discontinued operations —1.14
Profit for the year 3.80 4.62
Diluted
Profit for the year from continuing operations 3.78 3.46
Profit for the year from discontinued operations —1.13
Profit for the year 3.78 4.60