Rogers 2007 Annual Report Download - page 77

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ROGERS COMMUNICATIONS INC. 2007 ANNUAL REPORT 73
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
CALCULATIONS OF ADJUSTED OPERATING PROFIT, NET INCOME AND EARNINGS PER SHARE
Years ended December 31,
(In millions of dollars, number of shares outstanding in millions) 2007 2006
Operating profit $ 3,099 $ 2,875
Add:
Stock option plan amendment 452 –
Stock-based compensation expense 62 49
Integration and restructuring expenses
Cable 38 15
Wireless – 3
Contract renegotiation fee 52 –
Adjusted operating profit $ 3,703 $ 2,942
Net income $ 637 $ 622
Add:
Stock option plan amendment 452 –
Stock-based compensation expense 62 49
Integration and restructuring expenses
Cable 38 15
Wireless – 3
Contract renegotiation fee 52 –
Loss on repayment of long-term debt 47 1
Income tax impact (222) (6)
Adjusted net income $ 1,066 $ 684
Basic earnings per share:
Adjusted net income $ 1,066 $ 684
Divided by: weighted average number of shares outstanding 638 632
Adjusted basic earnings per share $ 1.67 $ 1.08
Diluted earnings per share:
Adjusted net income $ 1,066 $ 684
Divided by: diluted weighted average number of shares outstanding 642 642
Adjusted diluted earnings per share $ 1.66 $ 1.07