Cogeco 2006 Annual Report Download - page 43

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Consolidated Financial Statements COGECO CABLE INC. 2006 41
CONSOLIDATED STATEMENTS OF CASH FLOW
YEARS ENDED AUGUST 31, 2006 2005
(in thousands of dollars) $ $
CASH FLOW FROM OPERATING ACTIVITIES
NET INCOME 65,556 28,721
ITEMS NOT AFFECTING CASH AND CASH EQUIVALENTS
AMORTIZATION (NOTE 3) 120,782 125,088
AMORTIZATION OF DEFERRED FINANCING COSTS 1,140 958
FUTURE INCOME TAXES (NOTE 4) 5,200 15,208
STOCK-BASED COMPENSATION 636 681
LOSS ON DISPOSAL OF FIXED ASSETS 1,129 82
OTHER 296 200
194,739 170,938
CHANGES IN NON-CASH OPERATING ITEMS (NOTE 15 A)) 1,051 23,657
195,790 194,595
CASH FLOW FROM INVESTING ACTIVITIES
ACQUISITION OF FIXED ASSETS (NOTE 15 B)) (140,941) (110,365)
INCREASE IN DEFERRED CHARGES (20,607) (13,382)
BUSINESS ACQUISITION, NET OF CASH AND CASH EQUIVALENTS ACQUIRED (NOTE 2) (577,431) —
)
INCREASE IN RESTRICTED CASH (91) —)
OTHER 48 44
(739,022) (123,703)
CASH FLOW FROM FINANCING ACTIVITIES
DECREASE IN BANK INDEBTEDNESS — (5,410)
INCREASE IN LONG-TERM DEBT 633,402 —)
REPAYMENT OF LONG-TERM DEBT (1,720) (62,166)
INCREASE IN DEFERRED FINANCING COSTS (10,110) —)
ISSUE OF SUBORDINATE VOTING SHARES 228 742
DIVIDENDS ON MULTIPLE VOTING SHARES (2,512) (1,569)
DIVIDENDS ON SUBORDINATE VOTING SHARES (3,888) (2,428)
615,400 (70,831)
NET CHANGE IN CASH AND CASH EQUIVALENTS 72,168 61
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
DENOMINATED IN FOREIGN CURRENCIES (713) —)
CASH AND CASH EQUIVALENTS AT BEGINNING 61 —)
CASH AND CASH EQUIVALENTS AT END 71,516 61
SEE SUPPLEMENTAL CASH FLOW INFORMATION IN NOTE 15.