Shaw 2014 Annual Report Download - page 68

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Shaw Communications Inc.
CONSOLIDATED STATEMENTS OF INCOME
Years ended August 31 [millions of Canadian dollars
except per share amounts]
2014
$
2013
$
Revenue [note 24] 5,241 5,142
Operating, general and administrative expenses [note 21] (2,979) (2,922)
Restructuring costs [notes 12 and 21] (58) –
Amortization –
Deferred equipment revenue [note 15] 69 121
Deferred equipment costs [note 9] (142) (257)
Property, plant and equipment, intangibles and other [notes 8, 9, 10
and 15] (692) (718)
Operating income 1,439 1,366
Amortization of financing costs – long-term debt [note 13] (3) (4)
Interest expense [notes 13 and 24] (266) (309)
Gain on sale of media assets [note 3] 49 –
Gain on sale of cablesystem [note 3] –50
Acquisition and divestment costs [notes 3 and 31] (4) (8)
Gain on sale of associate [note 3] –7
Accretion of long-term liabilities and provisions (6) (9)
Debt retirement costs [note 13] (8) –
Other losses [note 22] (6) (26)
Income before income taxes 1,195 1,067
Current income tax expense [note 23] 354 162
Deferred income tax expense (recovery) [note 23] (46) 121
Net income 887 784
Net income attributable to:
Equity shareholders 857 746
Non-controlling interests in subsidiaries 30 38
887 784
Earnings per share [note 18]
Basic 1.84 1.64
Diluted 1.84 1.63
See accompanying notes
64