Cogeco 2005 Annual Report Download - page 35

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CONSOLIDATED STATEMENTS OF CASH FLOW
Years ended August 31, 2005 2004
(in thousands of dollars) $$
Cash flow from operating activities
Net income (loss) 28,721 (32,194)
Items not affecting cash and cash equivalents
Amortization (note 2) 125,088 140,214
Amortization of deferred financing costs 958 1,223
Future income taxes (note 3) 15,208 35,143
Other 963 392
Cash flow from operations 170,938 144,778
Changes in non-cash operating items (note 12a)) 23,657 4,302
194,595 149,080
Cash flow from investing activities
Acquisition of fixed assets (note 12b)) (110,365) (78,639)
Increase in deferred charges (13,382) (20,022)
Other 44 59
(123,703) (98,602)
Cash flow from financing activities
Increase (decrease) in bank indebtedness (5,410) 3,516
Repayment of long-term debt (62,166) (54,395)
Issue of subordinate voting shares 742 401
Dividends on multiple voting shares (1,569) —
Dividends on subordinate voting shares (2,428) —
(70,831) (50,478)
Net change in cash and cash equivalents
and cash and cash equivalents at end 61 —
See supplemental cash flow information in note 12.
Cogeco Cable Inc. 2005
33
Consolidated Financial Statements