Rogers 2012 Annual Report Download - page 86

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CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED STATEMENTS OF INCOME
(IN MILLIONS OF CANADIAN DOLLARS, EXCEPT PER SHARE AMOUNTS)
Years ended December 31, Note 2012 2011
Operating revenue 3(b) $ 12,486 $ 12,346
Operating expenses:
Operating costs 47,729 7,682
Integration, restructuring and acquisition costs 892 56
Depreciation and amortization 12, 13 1,819 1,743
Impairment of assets 13 80 –
Operating income 2,766 2,865
Finance costs 5(664) (738)
Other income, net 15 1
Share of the income of associates and joint ventures 24 235 7
Income before income taxes 2,352 2,135
Income tax expense 9(620) (545)
Net income from continuing operations 1,732 1,590
Loss from discontinued operations, net of tax 6(32) (27)
Net income for the year $ 1,700 $ 1,563
Earnings per share – basic:
Earnings per share from continuing operations 10 $ 3.34 $ 2.93
Loss per share from discontinued operations 10 (0.06) (0.05)
Earnings per share – basic $ 3.28 $ 2.88
Earnings per share – diluted:
Earnings per share from continuing operations 10 $ 3.32 $ 2.91
Loss per share from discontinued operations 10 (0.06) (0.05)
Earnings per share – diluted $ 3.26 $ 2.86
The accompanying notes are an integral part of the consolidated financial statements.
82 ROGERS COMMUNICATIONS INC. 2012 ANNUAL REPORT