Cogeco 2007 Annual Report Download - page 73

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FIVE-YEAR FINANCIAL HIGHLIGHTS
(RESTATED)
(in thousands of dollars, except other 2007 2006(1) 2005 2004 2003
statistics, per share data and ratios) $ $ $ $ $
OPERATIONS
REVENUE 938,880 620,001 554,404 526,480 489,194
OPERATING INCOME BEFORE AMORTIZATION 370,753 252,978 227,521 203,246 175,609
FINANCIAL EXPENSE 84,569 57,366 55,692 57,957 61,113
INCOME BEFORE INCOME TAXES 96,861 74,830 46,741 5,075 4,262
NET INCOME (LOSS) 84,691 65,556 28,721 (32,194) (124)
CASH FLOW
CASH FLOW FROM OPERATIONS 284,565 194,739 170,938 144,778 112,525
ACQUISITIONS OF FIXED ASSETS AND
INCREASE IN DEFERRED CHARGES 254,008 164,446 125,671 101,244 110,119
BUSINESS ACQUISITION (ADJUSTMENTS) (1,265) 577,431 — — —
FREE CASH FLOW 30,557 30,293 45,267 43,534 2,406
FINANCIAL CONDITION
FIXED ASSETS 1,119,498 1,021,538 697,526 687,960 723,273
NET ASSETS EMPLOYED(2) 2,398,297 2,210,823 1,595,216 1,619,540 1,663,936
TOTAL ASSETS 2,714,339 2,602,603 1,755,796 1,761,379 1,802,744
INDEBTEDNESS 1,027,926 1,316,977 692,481 758,133 806,429
SHAREHOLDERS’ EQUITY 1,165,666 745,191 689,484 663,534 695,089
OTHER STATISTICS
NUMBER OF SHARES OUTSTANDING
AT YEAR-END 48,354,687 39,999,212 39,984,586 39,923,915 39,881,143
WEIGHTED AVERAGE NUMBER OF
OUTSTANDING SHARES 43,246,025 39,990,239 39,964,857 39,901,595 39,881,871
PER SHARE DATA (BASIC)
OPERATING INCOME BEFORE AMORTIZATION 8.57 6.33 5.69 5.09 4.40
NET INCOME (LOSS) 1.96 1.64 0.72 (0.81) (0.00)
CASH FLOW FROM OPERATIONS 6.58 4.87 4.28 3.63 2.82
RETURN RATIOS
OPERATING MARGIN(3) 39.5% 40.8% 41.0% 38.6% 35.9%
RETURN ON AVERAGE NET ASSETS EMPLOYED(4) 16.1% 13.3% 14.2% 12.4% 10.5%
RETURN ON EQUITY(5) 8.9% 9.1% 4.2% (4.7)% (0.0)%
FINANCIAL RATIOS
NET INDEBTEDNESS(6)/OPERATING INCOME
BEFORE AMORTIZATION 2.6 4.9 3.0 3.7 4.6
INTEREST COVERAGE(7) 4.4 4.4 4.1 3.5 2.9
NET INDEBTEDNESS(6)/SHAREHOLDERS’ EQUITY 0.8 1.7 1.0 1.1 1.2
(1) FOR FISCAL YEAR 2006, THE RATIO INCLUDES THE FINANCIAL RESULTS FOR A ONE-MONTH PERIOD OF CABOVISÃO—TELEVISÃO POR CABO, S.A.
(2) TOTAL ASSETS LESS CASH AND CASH EQUIVALENTS, ACCOUNTS PAYABLE AND ACCRUED LIABILITIES AND DEFERRED AND PREPAID INCOME.
(3) OPERATING INCOME BEFORE AMORTIZATION/REVENUE.
(4) OPERATING INCOME BEFORE AMORTIZATION/AVERAGE NET ASSETS EMPLOYED.
(5) NET INCOME APPLICABLE TO MULTIPLE VOTING SHARES AND SUBORDINATE VOTING SHARES/AVERAGE SHAREHOLDERS’ EQUITY.
(6) INDEBTEDNESS NET OF CASH AND CASH EQUIVALENTS.
(7) OPERATING INCOME BEFORE AMORTIZATION/FINANCIAL EXPENSE.
Five-Year Financial Highlights COGECO CABLE INC. 2007 71