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Cogeco Communications Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2024Aug 31, 2024 FY 2023Aug 31, 2023 FY 2022Aug 31, 2022 FY 2021Aug 31, 2021
Total Revenue 3.0B 3.0B 2.9B 2.5B
Operating Revenue 2.9B 2.9B 2.8B 2.4B
Cost Of Revenue 484.3M 494.1M 439.6M 399.0M
Gross Profit 2.5B 2.5B 2.5B 2.1B
Selling General And Administration 505.3M 512.7M 461.9M 422.4M
General And Administrative Expense 505.3M 512.7M 461.9M 422.4M
Depreciation And Amortization In Income Statement 673.6M 620.5M 621.1M 510.4M
Other Operating Expenses 1.0B 1.1B 1.0B 882.4M
Operating Expense 2.2B 2.2B 2.1B 1.8B
Operating Income 768.8M 800.6M 772.0M 695.3M
EBIT 688.4M 768.0M 735.2M 689.7M
Interest Expense 271.9M 255.3M 185.8M 127.4M
Interest Expense Non Operating 271.9M 255.3M 185.8M 127.4M
Interest Income 10.2M 11.0M 1.5M 3.0M
Interest Income Non Operating 10.2M 11.0M 1.5M 3.0M
Net Interest Income -264.5M -247.5M -187.4M -125.1M
Other Income Expense -87.8M -40.4M -35.1M -7.8M
Special Income Charges -91.5M -36.2M -34.9M -8.7M
Restructuring And Mergern Acquisition 63.9M 27.8M 34.9M 8.7M
Gain On Sale Of Security 3.7M -4.1M -185,000 957,000
Pretax Income 416.5M 512.7M 549.4M 562.4M
Tax Provision 62.3M 94.8M 95.7M 130.7M
Tax Effect Of Unusual Items -13.2M -7.5M -6.1M -1.8M
Net Income From Continuing And Discontinued Operation 335.5M 392.3M 423.3M 401.5M
Net Income From Continuing Operation Net Minority Interest 335.5M 392.3M 423.3M 401.5M
Net Income Including Noncontrolling Interests 354.1M 418.0M 453.8M 431.6M
Minority Interests -18.6M -25.7M -30.5M -30.1M
Net Income Common Stockholders 335.5M 392.3M 423.3M 401.5M
Net Income 335.5M 392.3M 423.3M 401.5M
EBITDA 1.4B 1.4B 1.4B 1.2B
Normalized EBITDA 1.4B 1.4B 1.4B 1.2B
Reconciled Depreciation 673.6M 620.5M 621.1M 510.4M
Basic EPS 7.87 8.78 9.16 8.47
Diluted EPS 7.83 8.75 9.09 8.40
Basic Average Shares 42.7M 44.7M 46.2M 47.4M
Diluted Average Shares 42.8M 44.9M 46.6M 47.8M
Total Unusual Items -87.8M -40.4M -35.1M -7.8M
Total Unusual Items Excluding Goodwill -87.8M -40.4M -35.1M -7.8M
Tax Rate For Calcs 0.15 0.18 0.17 0.23
Normalized Income 410.2M 425.2M 452.3M 407.5M
Amortization 56.2M 56.8M 56.1M 43.7M
Amortization Of Intangibles Income Statement 56.2M 56.8M 56.1M 43.7M
Depreciation Amortization Depletion Income Statement 673.6M 620.5M 621.1M 510.4M
Depreciation Income Statement 617.3M 563.7M 564.9M 466.6M
Diluted NI Availto Com Stockholders 335.5M 392.3M 423.3M 401.5M
Impairment Of Capital Assets 14.9M 0.00 -- --
Net Income Continuous Operations 354.1M 418.0M 453.8M 431.6M
Net Non Operating Interest Income Expense -264.5M -247.5M -187.4M -125.1M
Other Gand A 21.0M 18.6M 22.3M 23.5M
Other Special Charges 12.7M 8.5M -- --
Reconciled Cost Of Revenue 484.3M 494.1M 439.6M 399.0M
Salaries And Wages 484.3M 494.1M 439.6M 399.0M
Selling And Marketing Expense -- 904.1M 899.0M 769.0M
Total Expenses 2.2B 2.2B 2.1B 1.8B
Total Other Finance Cost 2.7M 3.2M 3.2M 762,000
Line Item FY 2024Aug 31, 2024 FY 2023Aug 31, 2023 FY 2022Aug 31, 2022 FY 2021Aug 31, 2021
Cash And Cash Equivalents 76.3M 362.9M 370.9M 549.1M
Cash Cash Equivalents And Short Term Investments 76.3M 362.9M 370.9M 549.1M
Cash Financial -- -- -- 365.5M
Accounts Receivable 80.5M 87.5M 86.8M 71.6M
Receivables 126.0M 146.3M 114.9M 84.4M
Prepaid Assets -- -- 39.2M 32.7M
Other Current Assets 39.4M 41.8M 39.2M 32.7M
Current Assets 245.6M 556.4M 528.0M 667.2M
Gross PPE 8.2B 7.8B 7.4B 6.2B
Accumulated Depreciation -4.9B -4.5B -4.3B -3.8B
Net PPE 3.3B 3.2B 3.0B 2.4B
Goodwill 2.1B 2.1B 2.0B 1.5B
Goodwill And Other Intangible Assets 5.9B 5.8B 5.6B 4.2B
Other Intangible Assets 3.8B 3.7B 3.6B 2.7B
Other Non Current Assets 3.6M 2.0M 2.3M 2.2M
Total Non Current Assets 9.4B 9.2B 8.8B 6.7B
Total Assets 9.7B 9.8B 9.3B 7.4B
Current Debt 367.0M 57.6M 342.5M 225.8M
Current Debt And Capital Lease Obligation 376.2M 64.2M 347.7M 229.8M
Accounts Payable 359.7M 319.2M 380.5M 270.5M
Payables 360.1M 319.6M 419.7M 276.3M
Payables And Accrued Expenses 360.1M 319.6M 419.7M 276.3M
Current Deferred Revenue 8.7M 29.3M 127.9M 170.4M
Other Current Liabilities 61.3M 64.1M 65.2M 57.2M
Current Liabilities 863.0M 509.9M 987.1M 751.7M
Long Term Debt 4.4B 4.9B 4.3B 3.0B
Long Term Debt And Capital Lease Obligation 4.4B 5.0B 4.3B 3.0B
Long Term Capital Lease Obligation 48.3M 38.9M 38.3M 33.4M
Other Non Current Liabilities 9.5M 8.3M 9.0M 8.5M
Total Non Current Liabilities Net Minority Interest 5.3B 5.8B 5.1B 3.8B
Total Liabilities Net Minority Interest 6.2B 6.3B 6.1B 4.5B
Common Stock 839.7M 896.4M 931.0M 958.3M
Capital Stock 839.7M 896.4M 931.0M 958.3M
Retained Earnings 2.0B 1.9B 1.7B 1.5B
Gains Losses Not Affecting Retained Earnings 122.4M 175.9M 129.6M -18.0M
Other Equity Adjustments 30.0M 78.0M 71.3M -30.9M
Common Stock Equity 3.0B 3.0B 2.8B 2.4B
Stockholders Equity 3.0B 3.0B 2.8B 2.4B
Total Equity Gross Minority Interest 3.5B 3.4B 3.2B 2.8B
Minority Interest 495.0M 478.0M 438.1M 391.2M
Total Capitalization 7.4B 7.9B 7.0B 5.4B
Net Tangible Assets -3.0B -2.8B -2.8B -1.8B
Tangible Book Value -3.0B -2.8B -2.8B -1.8B
Working Capital -617.4M 46.5M -459.1M -84.5M
Invested Capital 7.7B 8.0B 7.4B 5.7B
Total Debt 4.8B 5.0B 4.7B 3.3B
Net Debt 4.7B 4.6B 4.3B 2.7B
Share Issued 42.2M 44.5M 45.8M 46.8M
Ordinary Shares Number 42.0M 44.3M 45.8M 46.8M
Allowance For Doubtful Accounts Receivable -4.4M -8.3M -13.0M -6.0M
Capital Lease Obligations 57.5M 45.5M 43.6M 37.4M
Construction In Progress 224.3M 317.6M 265.5M 125.9M
Current Capital Lease Obligation 9.2M 6.6M 5.3M 4.0M
Current Deferred Liabilities 15.8M 36.3M 134.0M 177.5M
Current Deferred Taxes Liabilities 7.1M 7.0M 6.2M 7.1M
Current Provisions 49.6M 25.7M 20.4M 10.9M
Defined Pension Benefit 5.3M 2.6M 0.00 --
Derivative Product Liabilities 8.3M 0.00 0.00 42.0M
Duefrom Related Parties Current -- -- -- 0.00
Employee Benefits 7.5M 5.5M 6.2M 9.9M
Financial Assets 46.5M 100.8M 95.5M 0.00
Foreign Currency Translation Adjustments 92.4M 97.9M 58.3M 12.9M
Gross Accounts Receivable 84.9M 95.8M 99.7M 77.6M
Hedging Assets Current 3.9M 5.4M 2.9M 1.1M
Income Tax Payable 412,000 413,000 39.3M 5.8M
Land And Improvements 203.7M 195.8M 178.7M 136.6M
Leases 33.1M 31.6M 34.6M 31.9M
Line Of Credit 14.4M 22.4M 8.6M 4.5M
Machinery Furniture Equipment 485.3M 460.6M 573.2M 492.5M
Non Current Deferred Assets 123.7M 97.3M 71.3M 49.3M
Non Current Deferred Liabilities 863.9M 829.6M 752.7M 686.4M
Non Current Deferred Revenue -- 8.3M 9.0M 13.1M
Non Current Deferred Taxes Assets 4.9M 5.1M 6.6M 5.1M
Non Current Deferred Taxes Liabilities 863.9M 829.6M 752.7M 673.3M
Non Current Pension And Other Postretirement Benefit Plans 7.5M 5.5M 6.2M 9.9M
Non Current Prepaid Assets -- -- 0.00 59.0M
Other Current Borrowings 352.7M 35.2M 333.8M 221.3M
Other Equity Interest 19.7M 19.9M 20.0M 16.9M
Other Properties 7.3B 6.8B 6.3B 5.4B
Other Receivables 31.6M 31.5M 21.7M 6.8M
Properties 0.00 0.00 0.00 0.00
Restricted Cash -- -- -- 170.4M
Taxes Receivable 13.9M 27.3M 6.5M 6.1M
Total Tax Payable 412,000 413,000 39.3M 5.8M
Treasury Shares Number 201,267 196,736 -- --
Line Item FY 2024Aug 31, 2024 FY 2023Aug 31, 2023 FY 2022Aug 31, 2022 FY 2021Aug 31, 2021
Operating Cash Flow 1.2B 962.9M 1.2B 1.0B
Cash Flow From Continuing Operating Activities 1.2B 962.9M 1.2B 1.0B
Depreciation And Amortization 673.6M 620.5M 621.1M 510.4M
Depreciation Amortization Depletion 673.6M 620.5M 621.1M 510.4M
Stock Based Compensation 8.4M 6.7M 6.7M 7.8M
Deferred Tax 62.3M 94.8M 95.7M 130.7M
Deferred Income Tax 62.3M 94.8M 95.7M 130.7M
Change In Working Capital 56.4M -97.9M 74.8M 40.3M
Change In Receivables 9.6M -5.6M -8.8M 12.5M
Change In Payables And Accrued Expense 46.9M -63.7M 97.2M 42.4M
Change In Payable 46.9M -63.7M 97.2M 42.4M
Change In Other Working Capital 24.0M -455,000 -199,000 -8.9M
Change In Other Current Assets -27.1M -26.2M -7.9M -3.2M
Other Non Cash Items 264.5M 247.5M 187.4M 125.1M
Capital Expenditure -862.3M -862.8M -980.7M -596.7M
Purchase Of PPE -659.1M -802.8M -744.7M -537.7M
Net PPE Purchase And Sale -655.7M -800.2M -741.7M -535.2M
Purchase Of Business -58.2M -99.0M -1.4B -395.1M
Investing Cash Flow -916.6M -954.5M -2.4B -801.3M
Cash Flow From Continuing Investing Activities -916.6M -954.5M -2.4B -801.3M
Issuance Of Debt 1.9B 559.1M 1.6B 256.2M
Repayment Of Debt -2.2B -341.3M -385.2M -28.7M
Net Issuance Payments Of Debt -270.2M 217.8M 1.2B 227.5M
Issuance Of Capital Stock 436,000 3.7M 4.4M 3.7M
Repurchase Of Capital Stock -116.5M -101.0M -113.8M -131.5M
Net Common Stock Issuance -116.1M -97.4M -109.4M -127.8M
Common Stock Dividend Paid -- -- -129.9M -121.1M
Common Stock Payments -116.5M -101.0M -113.8M -131.5M
Financing Cash Flow -542.4M -23.8M 981.9M -27.4M
Cash Flow From Continuing Financing Activities -542.4M -23.8M 981.9M -27.4M
Effect Of Exchange Rate Changes -2.8M 7.4M 7.2M -7.8M
Changes In Cash -283.8M -15.3M -185.3M 190.4M
Beginning Cash Position 362.9M 370.9M 549.1M 366.5M
End Cash Position 76.3M 362.9M 370.9M 549.1M
Free Cash Flow 312.9M 100.1M 259.6M 422.4M
Amortization Cash Flow 56.2M 56.8M 56.1M 43.7M
Amortization Of Intangibles 56.2M 56.8M 56.1M 43.7M
Asset Impairment Charge 14.9M 0.00 -- --
Cash Dividends Paid -145.1M -138.0M -129.9M -121.1M
Change In Prepaid Assets 3.0M -2.0M -5.5M -2.5M
Common Stock Issuance 436,000 3.7M 4.4M 3.7M
Depreciation 617.3M 563.7M 564.9M 466.6M
Gain Loss On Sale Of PPE -655,000 88,000 -1.4M 185,000
Interest Paid Cfo -266.5M -239.6M -161.0M -123.7M
Long Term Debt Issuance 1.9B 545.4M 1.6B 256.2M
Long Term Debt Payments -2.2B -341.3M -385.2M -25.5M
Net Business Purchase And Sale -58.2M -99.0M -1.4B -395.1M
Net Foreign Currency Exchange Gain Loss -3.7M 4.1M 185,000 -957,000
Net Income From Continuing Operations 354.1M 418.0M 453.8M 431.6M
Net Intangibles Purchase And Sale -203.2M -60.0M -236.1M -59.0M
Net Long Term Debt Issuance -262.2M 204.0M 1.2B 230.7M
Net Other Financing Charges -5.9M -338,000 -3.8M -1.7M
Net Other Investing Changes 515,000 4.7M 59,000 188.0M
Net Short Term Debt Issuance -8.0M 13.8M 4.2M -3.1M
Operating Gains Losses 13.2M 4.7M -1.7M -1.5M
Pension And Employee Benefit Expense 662,000 474,000 -486,000 -765,000
Proceeds From Stock Option Exercised -5.0M -5.9M -4.9M -4.4M
Purchase Of Intangibles -203.2M -60.0M -236.1M -59.0M
Sale Of PPE 3.4M 2.7M 2.9M 2.5M
Short Term Debt Issuance -8.0M 13.8M 4.2M 256.2M
Short Term Debt Payments -8.0M -- -153.2M -3.1M
Taxes Refund Paid -5.7M -91.7M -36.6M -101.7M
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