Rogers 2008 Annual Report Download - page 83

Download and view the complete annual report

Please find page 83 of the 2008 Rogers annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 136

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136

ROGERS COMMUNICATIONS INC. 2008 ANNUAL REPORT 79
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) 2008 2007
Operating profit $ 4,078 $ 3,099
Add (deduct):
Stock option plan amendment – 452
Stock-based compensation (recovery) expense (100) 62
Adjustment for CRTC Part II fees decision 31 –
Integration and restructuring expenses 51 38
Contract renegotiation fee – 52
Adjusted operating profit $ 4,060 $ 3,703
Net income $ 1,002 $ 637
Add (deduct):
Stock option plan amendment – 452
Stock-based compensation (recovery) expense (100) 62
Adjustment for CRTC Part II fees decision 31 –
Integration and restructuring expenses 51 38
Contract renegotiation fee – 52
Loss on repayment of long-term debt – 47
Impairment losses on goodwill, intangible assets and other long-term assets 294 –
Debt issuance costs 16 –
Income tax impact (34) (222)
Adjusted net income $ 1,260 $ 1,066
Adjusted basic earnings per share:
Adjusted net income $ 1,260 $ 1,066
Divided by: weighted average number of shares outstanding 638 638
Adjusted basic earnings per share $ 1.98 $ 1.67
Adjusted diluted earnings per share:
Adjusted net income $ 1,260 $ 1,066
Divided by: diluted weighted average number of shares outstanding 638 642
Adjusted diluted earnings per share $ 1.98 $ 1.66