Shaw 2013 Annual Report Download - page 103

S
haw
C
ommunications Inc
.
N
O
TE
S
T
OCO
N
SO
LIDATED FINAN
C
IAL
S
TATEMENT
S
August 31, 2013 and 201
2
[all amounts in millions of Canadian dollars exce
p
t share and
p
er share amounts
]
18
. EARNIN
GS
PER
S
HARE
E
arnings per share calculations are as follows
:
2013 2012
Numerator for basic and diluted earnin
g
s
p
er share (
$)
N
et i
n
co
m
e
7
84
7
61
Deduct: net income attributable to non-controlling interests in subsidiarie
s
(
38
)
(
33)
Deduct: d
i
v
i
dends on
S
er
i
es A Pre
f
erred
S
hares
(13)
(1
5
)
Net income attributable to common shareholders 733 71
3
D
enominator (millions of shares)
Wei
g
hted avera
g
e number of Class A Shares and Class B Non-Votin
g
Share
s
f
or bas
i
c earn
i
n
g
s
p
er share 44
8
441
Effect of potentially dilutive securities
(1)
2
1
We
i
ghted average number o
fC
lass A
S
hares and
C
lass B Non-Vot
i
ng
S
hare
s
for diluted earnings per shar
e
45
0
44
2
Earn
i
n
g
s
p
er shar
e
Basi
c
1.6
4
1
.6
2
D
i
l
uted
1
.
63
1
.
61
(1)
The earn
i
ngs per share calculat
i
on does not take
i
nto cons
i
derat
i
on the potent
i
al d
i
lut
i
ve
e
ffect of certain stock options since their impact is anti-dilutive. For the year ende
d
Au
g
ust
31
,
2013
,
8
,
201
,7
20
o
p
t
i
ons were excluded
f
rom the d
i
luted earn
i
n
g
s
p
er shar
e
c
alculat
i
on
(2012
–
1
4,
320
,75
3)
.
19
. DIVIDEND
S
Common share dividends
The holders o
fC
lass A
S
hares and
C
lass B Non-Vot
i
ng
S
hares are ent
i
tled to rece
i
ve such
d
ividends as the Board of Directors determines to declare on a share-for-share basis, as and
when an
y
such d
i
v
i
dends are declared or
p
a
i
d. The holders o
fC
lass B Non-Vot
i
n
gS
hares are
ent
i
tled to rece
i
ve dur
i
ng each d
i
v
i
dend per
i
od,
i
npr
i
or
i
ty to the payment o
f
d
i
v
i
dends on the
Class A Shares, an additional dividend at a rate of
$
0.0025 per share per annum. This
add
i
t
i
onal d
i
v
i
dend
i
s sub
j
ect to
p
ro
p
ort
i
onate ad
j
ustment
i
n the event o
ff
uture consol
i
dat
i
on
s
o
r subd
i
v
i
s
i
ons o
f
shares and
i
n the event o
f
any
i
ssue o
f
shares by way o
f
stock d
i
v
i
dend. A
f
ter
payment or setting aside for payment of the additional non-cumulative dividends on the Class B
N
on-Vot
i
n
gS
hares, holders o
fC
lass A
S
hares and
C
lass B Non-Vot
i
n
gS
hares
p
art
i
c
ip
ate
equally, share
f
or share, as to all subsequent d
i
v
i
dends declared
.
Preferred share dividend
s
H
olders o
f
the
S
er
i
es A Pre
f
erred
S
hares are ent
i
tled to rece
i
ve, as and when declared by th
e
Company’s Board of Directors, a cumulative quarterly fixed dividend yielding 4.50% annually
f
or the
i
n
i
t
i
al
p
er
i
od end
i
n
g
June
30
,
2016
. Therea
f
ter, the d
i
v
i
dend rate w
i
ll be reset ever
yfi
v
e
years at a rate equal to the then current 5-year
G
overnment o
fC
anada bond y
i
eld plus
2
.
00%
.
H
olders of Series A Preferred Shares will have the right, at their option, to convert their shares
99