Cogeco 2015 Annual Report Download - page 61

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60 COGECO CABLE INC. 2015 Consolidated financial statements
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
Years ended August 31, Notes 2015 2014
(In thousands of Canadian dollars, except per share data) $$
Revenue 2,043,316 1,947,591
Operating expenses 71,102,960 1,044,560
Management fees – COGECO Inc. 22 A) 9,877 9,674
Integration, restructuring and acquisition costs 513,950 4,736
Settlement of a claim with a supplier 5(27,431) —
Depreciation and amortization 8466,715 460,282
Impairment of property, plant and equipment 13 —35,493
Financial expense 9142,062 130,221
Income taxes 10 77,433 53,184
Profit for the year 257,750 209,441
Earnings per share
Basic 11 5.27 4.30
Diluted 11 5.22 4.26