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40 COGECO CABLE INC. 2013 Management's discussion and analysis (“MD&A”)
THREE-YEAR ANNUAL FINANCIAL HIGHLIGHTS AND QUARTERLY
FINANCIAL HIGHLIGHTS
THREE-YEAR ANNUAL FINANCIAL HIGHLIGHTS
Years ended August 31, 2013 2012 2011
(in thousands of dollars, except percentages and Per Share Data) $$ $
Revenue 1,692,466 1,277,698 1,184,683
Operating income before depreciation and amortization 780,523 589,052 545,361
Operating margin 46.1% 46.1% 46.0%
Operating income 376,239 312,180 341,079
Income taxes 62,842 78,656 70,752
Profit for the year from continuing operations 185,083 169,517 199,165
Profit (loss) for the year from discontinued operations —55,446 (244,736)
Profit (loss) for the year 185,083 224,963 (45,571)
Cash flow from operating activities 545,010 450,386 492,085
Cash flow from operations 558,037 441,686 417,367
Acquisitions of property, plant and equipment, intangible and other assets 408,202 375,368 302,541
Free cash flow 149,835 66,318 114,826
Capital intensity 24.1% 29.4% 25.5%
Total assets 5,253,097 2,908,079 2,712,679
Long-term financial liabilities(1) 2,884,350 1,060,324 983,745
Per Share Data(2)
Earnings (loss) per share
From continuing and discontinued operations
Basic 3.80 4.62 (0.94)
Diluted 3.78 4.60 (0.94)
From continuing operations
Basic 3.80 3.48 4.10
Diluted 3.78 3.46 4.10
From discontinued operations
Basic —1.14 (5.04)
Diluted —1.13 (5.04)
Dividends 1.04 1.00 0.71
(1) Long-term financial liabilities include long-term debt, balance due on a business combination, derivative financial instrument liabilities and pension plan liabilities
and accrued employee benefits.
(2) Per multiple and subordinate voting share.