Cogeco 2007 Annual Report Download - page 5

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Financial Highlights COGECO CABLE INC. 2007 3
FINANCIAL HIGHLIGHTS
(in thousands of dollars, except rates of return and ratios, 2007 2006(4) CHANGE
customers, per share data and percentages) $ $ %
OPERATIONS
REVENUE 938,880 620,001 51.4
OPERATING INCOME BEFORE AMORTIZATION(1) 370,753 252,978 46.6
NET INCOME 84,691 65,556 29.2
CASH FLOW
CASH FLOW FROM OPERATIONS(1) 284,565 194,739 46.1
FREE CASH FLOW(1) 30,557 30,293 0.9
FINANCIAL CONDITION
TOTAL ASSETS 2,714,339 2,602,603 4.3
INDEBTEDNESS(2) 1,027,926 1,316,977 (21.9)
SHAREHOLDER’S EQUITY 1,165,666 745,191 56.4
RATES OF RETURN AND RATIOS
OPERATING MARGIN(1) 39.5% 40.8%
RETURN ON EQUITY(1) 8.9% 9.1%
NET INDEBTEDNESS(3) ON OPERATING INCOME
BEFORE AMORTIZATION 2.6 4.9
INTEREST COVERAGE 4.4 4.4
CUSTOMERS
RGU 2,485,665 2,184,977 13.8
BASIC CABLE SERVICE CUSTOMERS 1,143,160 1,102,871 3.7
PENETRATION AS A PERCENTAGE OF HOMES PASSED 48.8% 47.9%
HSI SERVICE CUSTOMERS 575,859 479,358 20.1
DIGITAL TELEVISION SERVICE CUSTOMERS 379,879 327,364 16.0
TELEPHONY SERVICE CUSTOMERS 386,767 275,384 40.4
PER SHARE DATA (BASIC)
NET INCOME 1.96 1.64 19.5
CASH FLOW FROM OPERATIONS 6.58 4.87 35.1
WEIGHTED AVERAGE NUMBER OF OUTSTANDING
SHARES (IN THOUSANDS) 43,246 39,990 8.1
(1) THE INDICATED TERMS ARE NOT DEFINED UNDER CANADIAN GAAP AND MAY NOT BE COMPARABLE TO OTHER MEASURES PRESENTED BY OTHER
COMPANIES. REFER TO PAGES 35 AND 36 OF THE MD&A FOR A DETAILED DESCRIPTION OF NON-GAAP MEASURES.
(2) INDEBTEDNESS IS DEFINED AS BANK INDEBTEDNESS PLUS LONG-TERM DEBT.
(3) NET INDEBTEDNESS IS DEFINED AS INDEBTEDNESS NET OF CASH AND CASH EQUIVALENTS.
(4) FOR FISCAL YEAR 2006, THE RATIO INCLUDES THE FINANCIAL RESULTS FOR A ONE-MONTH OPERATION PERIOD OF CABOVISÃO—TELEVISÃO
POR CABO, S.A. (CABOVISÃO).