Cogeco 2008 Annual Report Download - page 42

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Consolidated Financial Statements COGECO CABLE INC. 2008 41
CONSOLIDATED STATEMENTS OF INCOME
YEARS ENDED AUGUST 31, 2008 2007
(in thousands of dollars, except per share data) $ $
REVENUE
SERVICE 1,070,676 935,390
EQUIPMENT 6,111 3,490
1,076,787 938,880
OPERATING COSTS (NOTE 1 L)) 622,649 559,559
MANAGEMENT FEES – COGECO INC. (NOTE 19) 8,714 8,568
OPERATING INCOME BEFORE AMORTIZATION 445,424 370,753
AMORTIZATION (NOTE 4) 228,299 189,323
OPERATING INCOME 217,125 181,430
FINANCIAL EXPENSE (NOTE 5) 69,111 84,569
INCOME BEFORE INCOME TAXES 148,014 96,861
INCOME TAXES (NOTE 6) 14,732 12,170
NET INCOME 133,282 84,691
EARNINGS PER SHARE (NOTE 7)
BASIC 2.75 1.96
DILUTED 2.73 1.94