Cogeco 2012 Annual Report Download - page 4

Download and view the complete annual report

Please find page 4 of the 2012 Cogeco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 99

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99

Financial highlights COGECO CABLE INC. 2012 3
FINANCIAL HIGHLIGHTS
Years ended August 31, 2012 2011 Change
(in thousands of dollars, except percentages, PSU growth and Per Share Data) $$%
Operations
Revenue 1,277,698 1,184,683 7.9
Operating income before depreciation and amortization(1) 589,052 545,361 8.0
Operating margin(1) 46.1% 46.0% –
Operating income 312,180 341,079 (8.5)
Profit for the year from continuing operations 169,517 199,165 (14.9)
Profit (loss) for the year from discontinued operations 55,446 (244,736) –
Profit (loss) for the year 224,963 (45,571) –
Cash Flow
Cash flow from operating activities 450,386 492,085 (8.5)
Cash flow from operations(1) 441,686 417,367 5.8
A
cquisitions of property, plant and equipment, intangible and other assets 375,368 302,541 24.1
Free cash flow(1) 66,318 114,826 (42.2)
Financial Condition
Property, plant and equipment 1,322,093 1,254,217 5.4
Total assets 2,908,079 2,712,679 7.2
Indebtedness(2) 1,069,112 981,214 9.0
Shareholders’ equity 1,188,431 1,033,252 15.0
PSU growth(3) 71,664 106,310 (32.6)
Per Share Data(4)
Earnings (loss) per share
From continuing and discontinued operations
Basic 4.62 (0.94) –
Diluted 4.60 (0.94) –
From continuing operations
Basic 3.48 4.10 (15.1)
Diluted 3.46 4.10 (15.6)
From discontinued operations
Basic 1.14 (5.04) –
Diluted 1.13 (5.04) –
Weighted average number of multiple and subordinate voting shares outstanding 48,654,376 48,582,989 –
(1) The indicated terms do not have standardized definitions prescribed by International Financial Reporting Standards (“IFRS”) and therefore, may not be
comparable to similar measures presented by other companies. For more details, please consult the “Non-IFRS financial measures” section of the
Management’s discussion and analysis (“MD&A”).
(2) Indebtedness is defined as the total of principal on long-term debt, balance due on a business acquisition and obligations under derivative financial
instruments.
(3) Represents the sum of Television, High Speed Internet (“HSI”) and Telephony service customers.
(4) Per multiple and subordinate voting share.