Overview - investment

Financial Highlights

   
  Quarters ended August 31,
  2011
2010 Change
($000, except percentages, RGU growth and per share data) $ $ %
  (unaudited) (unaudited)  
Operations
Revenue 375,402 333,671 12.5
Operating income before amortization(1) 158,800 137,785 15.3
Operating margin(1) 42.3% 41.3%
Operating income 104,626 73,942 41.5
Impairment of goodwill and fixed assets -
Net income 21,073 12,265 71.8
Adjusted net income(1) 21,073 12,265 71.8
       
Cash Flow
Cash flow from operating activities 225,647 198,492 13.7
Cash flow from operations(1) 153,681 127,230 20.8
Capital expenditures and increase in deferred charges 130,693 108,515 20.4
Free cash flow(1) 22,988 18,715 22.8
       
Financial condition
Total assets - - -
Indebtedness(2) - - -
Shareholders’ Equity - - -
       

RGU growth

38,344 64,303 (40.4)
       
Per Share Data(3)
Earnings (loss) per share      
Basic 1.26 0.73 72.6
Diluted 1.26 0.73 72.6
Adjusted earnings per share(1)      
Basic 1.26 0.73 72.6
Diluted 1.25 0.73 71.2


(1) The indicated terms do not have standardized definitions prescribed by Canadian 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 Results overview.

(2) Indebtedness is defined as the total of bank indebtedness, principal on long-term debt, promissory note payable, balance due on a business acquisition and obligations under derivative financial instruments.

(3) Per multiple and subordinate voting shares.