Shaw 2012 Annual Report Download - page 109

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Shaw Communications Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
August 31, 2012 and 2011
[all amounts in millions of Canadian dollars except share and per share amounts]
24. BUSINESS SEGMENT INFORMATION
The Company’s operating segments are Cable, Media, DTH and Satellite Services, all of which
are substantially located in Canada. The accounting policies of the segments are the same as
those described in the summary of significant accounting policies. Management evaluates
divisional performance based on revenue and operating income before charges such as
amortization.
2012
Satellite
Cable
$
Media
$
DTH
$
Satellite
Services
$
Total
$
Intersegment
eliminations
$
Total
$
Revenue 3,193 1,053 763 81 844 (92) 4,998
Operating income before amortization 1,502 332 254 39 293 – 2,127
Operating income as % of revenue 47.0% 31.5% 33.3% 48.1% 34.7% – 42.6%
Interest(1) 329
Burrard Landing Lot 2 Holdings Partnership 1
330
Cash taxes(1) 282
Corporate/other (25)
257
Capital expenditures and equipment costs (net) by
segment
Capital expenditures 729 31 3 8 11 – 771
Equipment costs (net) 81 – 83 – 83 – 164
810 31 86 8 94 – 935
Reconciliation to Consolidated Statements of Cash
Flows
Additions to property, plant and equipment 730
Additions to equipment costs (net) 178
Additions to other intangibles 65
Total of capital expenditures and equipment costs
(net) per Consolidated Statements of Cash Flows 973
Increase in working capital related to capital
expenditures (10)
Increase in customer equipment financing receivables (16)
Less: Proceeds on disposal of property, plant and
equipment (9)
Less: Satellite services equipment profit(2) (3)
Total capital expenditures and equipment costs (net)
reported by segments 935
See notes following 2011 business segment table.
105