Cogeco 2009 Annual Report Download - page 50

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Consolidated financial statements COGECO CABLE INC. 2009 49
CONSOLIDATED STATEMENTS OF INCOME (LOSS)
YEARS ENDED AUGUST 31, 2009
2008
(in thousands of dollars, except per share data) $
$
REVENUE
SERVICE
1,210,932
1,070,676
EQUIPMENT
6,905
6,111
1,217,837
1,076,787
OPERATING COSTS
(NOTE 23)
684,423
622,621
MANAGEMENT FEES – COGECO INC.
(NOTE 21)
9,019
8,714
OPERATING INCOME BEFORE AMORTIZATION
524,395
445,452
AMORTIZATION
(NOTE 4)
270,430
228,299
OPERATING INCOME
253,965
217,153
FINANCIAL EXPENSE
(NOTE 5)
69,709
69,139
REDUCTION OF WITHHOLDING AND STAMP TAX CONTINGENT LIABILITIES
(NOTE 6)
(16,130)
–
IMPAIRMENT OF GOODWILL AND INTANGIBLE ASSETS
(NOTE 7)
399,648
–
INCOME (LOSS) BEFORE INCOME TAXES
(199,262) 148,014
INCOME TAXES
(NOTE 8)
57,413
14,732
NET INCOME (LOSS)
(256,675) 133,282
EARNINGS (LOSS) PER SHARE
(NOTE 9)
BASIC
(5.29) 2.75
DILUTED
(5.29) 2.73