Shaw 2009 Annual Report Download - page 100

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20. CONSOLIDATED STATEMENTS OF CASH FLOWS
Additional disclosures with respect to the Consolidated Statements of Cash Flows are as follows:
(i) Funds flow from operations
2009
$
2008
$
2007
$
Net income 535,239 671,562 388,479
Non-cash items:
Amortization –
Deferred IRU revenue (12,547) (12,547) (12,547)
Deferred equipment revenue (132,974) (126,601) (104,997)
Deferred equipment costs 247,110 228,524 203,597
Deferred charges 1,025 1,025 5,153
Property, plant and equipment 480,582 414,732 381,909
Financing costs – long term debt 3,984 3,627 –
Future income tax expense 167,474 16,366 142,871
Equity loss (income) on investee 99 (295) (363)
Debt retirement costs 8,255 5,264 –
Stock-based compensation 16,974 16,894 6,787
Defined benefit pension plan 26,052 22,068 19,120
Net customs duty recovery on equipment costs –(22,267) –
Gain on cancellation of bond forward (10,757) ––
Other (6,676) 4,543 (1,646)
Funds flow from operations 1,323,840 1,222,895 1,028,363
(ii) Changes in non-cash working capital balances related to operations include the following:
2009
$
2008
$
2007
$
Accounts receivable (5,714) (32,646) (16,435)
Prepaids and other (14,393) (9,900) (9,563)
Accounts payable and accrued liabilities 47,781 54,839 (14,435)
Income taxes payable 22,894 (58) 661
Unearned revenue 8,522 7,069 11,422
59,090 19,304 (28,350)
(iii) Interest and income taxes paid (recovered) and classified as operating activities are as
follows:
2009
$
2008
$
2007
$
Interest 231,594 241,899 231,513
Income taxes 404 57 (717)
96
Shaw Communications Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
August 31, 2009, 2008 and 2007
[all amounts in thousands of Canadian dollars except share and per share amounts]