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Overview - Investment

Financial Highlights
As of November 30, 2009

 
 
 
 
Quarters ended November 30,
  2009 2008(1) Change
($000, except percentages and per share data) $ $ %
 
  (unaudited) (unaudited)  
Operations
Revenue 317,365 299,438 6.0
Operating income before amortization(2) 122,606 115,730 5.9
Operating margin(2) 38.6% 38.6%  
Operating Income 57,041 54,984 3.7
Net income 56,666 22,945 -
Adjusted net income(2) 26,884 22,945 17.2
 
 
Cash Flow
Cash flow from operating activities (3,618) 24,481 -
Cash flow from operations(2) 130,229 87,617 48.6
Free cash flow(2) 62,008 17,797 -
 
 
Financial Condition(3)
Total assets 2,632,154 2,630,912 -
Indebtedness(4) 1,114,860 1,054,506 5.7
Shareholders’ equity 1,059,243 1,007,384 5.1
 
 
Per Share Data(5)
Earnings per share      
Basic 1.17 0.47 -
Diluted 1.16 0.47 -
Adjusted earnings per share(2)      
Basic 0.55 0.47 17.0
Diluted 0.55 0.47 17.0
 
 
 

(1)Certain comparative figures have been restated to reflect the application of the Canadian Institute of Chartered Accountants (“CICA”) Handbook Section 3064. Please refer to the “Accounting policies and estimates” section of the Management’s discussion and analysis for more details.

(2)The indicated terms do not have standardized definitions prescribed by Canadian Generally Accepted Accounting Principles (“GAAP”) and therefore, may not be comparable to similar measures presented by other companies. For more details, please consult the “Non-GAAP financial measures” section of the Management’s discussion and analysis.

(3)At November 30, 2009 and August 31, 2009.

(4)Indebtedness is defined as the total of bank indebtedness, principal on long-term debt and obligations under derivative financial instruments.

(5)Per multiple and subordinate voting share.


Breakdown of Customers
As of November 30, 2009

  Homes passed Basic Cable Service Customers % of penetration (1)
Canada 1,570,633 873,724 55.6%
Portugal 905,197 258,918 28.6%
Total 2,475,830 1,132,642  

(1) In percentage of homes passed.

As of November 30, 2009

  Digital Television Service Customers HSI Service Customers Telephony Service Customers
Canada 514,504 532,558 302,249
Portugal 118,867 148,823 232,380
Total 633,371 681,381 534,629