Shaw 2015 Annual Report Download - page 58

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Shaw Communications Inc.
Consolidated Statements of Income
Years ended August 31 [millions of Canadian dollars except per share amounts]
2015
$
2014
$
Revenue [note 24] 5,488 5,241
Operating, general and administrative expenses [note 21] (3,109) (2,979)
Restructuring costs [notes 12 and 21] (52) (58)
Amortization -
Deferred equipment revenue [note 15] 78 69
Deferred equipment costs [note 9] (164) (142)
Property, plant and equipment, intangibles and other [notes 8, 9, 10 and 15] (809) (692)
Operating income 1,432 1,439
Amortization of financing costs – long-term debt [note 13] (4) (3)
Interest expense [notes 13 and 24] (283) (266)
Gain on sale of media assets [note 3] –49
Acquisition and divestment costs [note 3] (6) (4)
Accretion of long-term liabilities and provisions (3) (6)
Debt retirement costs [note 13] –(8)
Equity loss of a joint venture [note 7] (56) –
Gain on sale of wireless spectrum licenses [note 3] 158 –
Impairment of goodwill [note 10] (15) –
Other losses [note 22] (49) (6)
Income before income taxes 1,174 1,195
Current income tax expense [note 23] 356 354
Deferred income tax recovery [note 23] (62) (46)
Net income 880 887
Net income attributable to:
Equity shareholders 856 857
Non-controlling interests in subsidiaries 24 30
880 887
Earnings per share [note 18]
Basic 1.80 1.84
Diluted 1.79 1.84
See accompanying notes
56 Shaw Communications Inc. 2015 Annual Report