Perform financial analysis including vertical, horizontal and ratio analysis, Evaluate financial performance, Provide recommendation for Shaw

CONSOLIDATED STATEMENTS OF INCOME 2018 Years ended August 31, 2019 (restated, note 2) millions of Canadian dollars except per share amounts) S Revenue (notes 22 and 26) 5,340 5,189 Operating, general and administrative expenses (note 23) (3,186) (3,132) Restructuring costs (notes 13 and 23) 9 (446) Amortization: Deferred equipment revenue (note 16) 21 30 Deferred equipment costs (note 9) (85) (110) Property, plant and equipment, intangibles and other (notes 8,9,10 and 16) (974) (945) Operating income from continuing operations 1,125 586 Amortization of financing costs - long-term debt (note 14) (3) (3) Interest expense (notes 14 and 26) (258) (248) Equity income (loss) of an associate or joint venture (note 7) 46 (200) Loss on disposal of an associate or joint venture (note 7) (109) Other gains (losses) (note 24) 50 32 Income from continuing operations before income taxes 851 167 Current income tax expense (note 25) 114 137 Deferred income tax expense (note 25) 4 (9) Net income from continuing operations 733 39 Loss from discontinued operations, net of tax (note 3) (6) Net income 733 33 Net income from continuing operations attributable to: Equity shareholders 731 39 Non-controlling interests 2 733 39 Loss from discontinued operations attributable to: Equity shareholders (6) Basic earnings (loss) per share (note 19) Continuing operations 1.41 0.06 Discontinued operations (0.01) 1.41 D.05 Diluted earnings (loss) per share (note 19) Continuing operations 1.41 0.06 Discontinued operations (0.01) 1.41 0.05CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME bars ended December 31 (milions except per share amounts) Note 2019 2018 Operating Revenues Service $ 12,400 $ 11,882 Equipment 2,180 2,213 Revenues arising from contracts with customers 14,589 14.095 Other operating income 273 14.658 14.306 Operating Expenses Goods and services purchased 6,070 6.308 Employee benefits exponso 3,034 2.800 Doprociation 1.920 1.609 Amortization of intangible assets 648 508 11,681 11.531 Operating Income 2,977 2.837 Financing costs 9 733 Income Before Income Taxes 2,244 2.170 Income taxos 10 468 562 Not Income 1,776 1,824 Other Comprehensive Income Itoms that may subsequently be reclassified to income Change in unrealized fair value of derivatives designated as cash flow hodges 84 (18) Foreign currency translation adjustment arising from translating financial statements of foreign operations 20 (30) 104 toms never subsequently reclassified to income Change in measurement of investment financial assets 12 (1) Employee defined benefit plan re-measurements (338) 333 1326) 332 (222) 284 Comprehensive Income $ 1.554 $ 1.908 Net Income Attributable to: Common Shares $ 1,746 $ 1.600 Non-controlling interests 30 24 $ 1,776 $ 1.624 Comprehensive Income Attributable to: Common Shares $ 1,516 $ 1,808 Non-controlling intorosts 10 $ 1,554 $ 1,900 Net Income Per Common Share 12, 28/ Basic $ 2.90 $ 2.60 Diluted $ 200 $ 2.60 Total Weighted Average Common Shares Outstanding Basic 602 597 Diluted 602 597