Rogers 2011 Annual Report Download - page 83
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CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED STATEMENTS OF INCOME
(IN MILLIONS OF CANADIAN DOLLARS, EXCEPT PER SHARE AMOUNTS)
Years ended December 31, 2011 2010
Operating revenue $ 12,428$ 12,142
Operating expenses:
Operating costs (note 5) 7,7877,571
Integration, restructuring and acquisition costs (note 8) 70 40
Depreciation and amortization (notes 12 and 13) 1,743 1,639
Impairment of assets (note 13) –11
Operating income 2,8282,881
Finance costs (note 6) (738)(768)
Other income (expense), net 1(1)
Share of the income of associates and joint ventures accounted for using the equity method, net of tax 72
Income before income taxes 2,0982,114
Income tax expense (note 9) 535 612
Net income for the year $ 1,563 $ 1,502
Earnings per share (note 10):
Basic $2.88 $ 2.61
Diluted 2.862.59
See accompanying notes to consolidated financial statements.
2011 ANNUAL REPORT ROGERS COMMUNICATIONS INC. 79