CONSOLIDATED FINANCIAL STATEMENTS
Consolidated Statements of Income
(In millions of Canadian dollars, except per share amounts)
Years ended December 31 Note 2013 2012
Operating revenue 3 $ 12,706 $ 12,486
Operating expenses:
Operating costs 4 7,797 7,729
Restructuring, acquisition and other expenses 8 85 92
Depreciation and amortization 12, 13 1,898 1,819
Impairment of assets 13 – 80
Operating income 2,926 2,766
Finance costs 5 (742) (671)
Other income 7, 14, 25 81 250
Income before income taxes 2,265 2,345
Income tax expense 9 (596) (620)
Net income from continuing operations 1,669 1,725
Loss from discontinued operations, net of tax 6 – (32)
Net income for the year $ 1,669 $ 1,693
Earnings per share – basic:
Earnings per share from continuing operations 10 $ 3.24 $ 3.32
Loss per share from discontinued operations 10 – (0.06)
Earnings per share – basic $ 3.24 $ 3.26
Earnings per share – diluted:
Earnings per share from continuing operations 10 $ 3.22 $ 3.30
Loss per share from discontinued operations 10 – (0.06)
Earnings per share – diluted $ 3.22 $ 3.24
The accompanying notes are an integral part of the consolidated financial statements.
2013 ANNUAL REPORT ROGERS COMMUNICATIONS INC. 89