Table 4 provides a reconciliation of adjusted income from continuing operating activities to the net income attributable to shareholders' measure used in Quebecor's condensed consolidated financial statements. On August 5, 2020, the Board of Directors of Quebecor declared a quarterly dividend of $0.20 per share on its Class A Shares and Class B Shares, payable on September 15, 2020 to shareholders of record at the close of business on August 21, 2020.
As well, TVA Group unscrambled the LCN all‑news channel until June 30, 2020 to give Quebecers real‑time access to all developments in the health crisis, and it also continues to broadcast television content on its distribution channels. Tables 5 and 6 provide a reconciliation of cash flows from operations and free cash flows from continuing operating activities to cash flows provided by continuing operating activities reported in the condensed consolidated financial statements. Cash flows from operations represents funds available for interest and income tax payments, expenditures related to restructuring programs, business acquisitions, licence acquisitions and renewals, payment of dividends, repayment of long‑term debt and share repurchases. Conference call for investors and webcast. Free cash flows from continuing operating activities. Reconciliation of the adjusted EBITDA measure used in this press release to the net income measure used in the condensed consolidated financial statements. The Corporation also announced that on or around August 7, 2020 it will enter into an automatic securities purchase plan ("the plan") with a designated broker whereby shares may be repurchased under the plan at times when such purchases would otherwise be prohibited pursuant to regulatory restrictions or self‑imposed blackout periods. It is not intended to be regarded as an alternative to other financial operating performance measures or to the statement of cash flows as a measure of liquidity. Additions to property, plant and equipment: Net increase (decrease) in current accounts payable, related to additions to intangible assets, Cash portion related to restructuring of operations and, Net change in non‑cash balances related to operating, Net (decrease) increase in current accounts payable, related to additions to property, plant and equipment, Cash flows used for additions to property, plant and, www.quebecor.com/en/investors/financial-documentation, www.quebecor.com/en/investors/conferences-and-annual-meeting, http://www.prnewswire.com/news-releases/quebecor-inc-reports-consolidated-results-for-the-second-quarter-2020-301107167.html. Privacy Policy and Meanwhile, the soaring demand for Videotron services that we are now seeing in Abitibi-Témiscamingue confirms the resounding success of our regional service roll-out strategy. As well, our mobile telephony, Internet and Club illico subscription video‑on‑demand ("Club illico") services continued posting sustained growth, with increases of 173,000, 46,200 and 41,200 RGUs respectively over the past 12 months," said Jean‑François Pruneau. We also tend to see lower insider ownership in companies that were previously publicly owned. On August 5, 2020, the Corporation authorized a normal course issuer bid for a maximum of 1,000,000 Class A Multiple Voting Shares ("Class A Shares"), representing approximately 1.3% of issued and outstanding Class A Shares, and for a maximum of 6,000,000 Class B Subordinate Voting Shares ("Class B Shares"), representing approximately 3.5% of issued and outstanding Class B Shares as of July 31, 2020. The purchases can be made from August 15, 2020 to August 14, 2021, at prevailing market prices on the open market through the facilities of the Toronto Stock Exchange ("TSX") or other alternative trading systems. Free cash flows from continuing operating activities and cash flows provided by continuing operating activities reported in the condensed consolidated financial statements. attributed to; however, Mr. Lee Davidson, Head of Quantitative Research for Morningstar, Inc., (in millions of Canadian dollars, except for earnings per share data), Income (loss) from continuing operations attributable to, Earnings per share attributable to shareholders, Weighted average number of shares outstanding (in millions), Weighted average number of diluted shares (in millions), CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME. By using this site you agree to the Free cash flows from continuing operating activities represents available funds for business acquisitions, licence acquisitions and renewals, payment of dividends, repayment of long‑term debt and share repurchases. "The popularity of our Helix home entertainment and management platform also continues to grow, with more than 350,000 RGUs since its launch in August 2019. employee of Morningstar, Inc., Mr. Davidson is guided by Morningstar, Inc.'s Code of Ethics In accordance with the terms of the trust indenture governing the convertible debentures, the quarterly dividend declared on March 11, 2020 on Quebecor Class B Shares triggered an adjustment to the floor price and ceiling price then in effect. Quebecor, a Montreal-based communications business, said it is prepared to invest in Cirque du … On March 13, 2020, in order to limit the spread of the virus, the Québec government imposed a number of restrictions and special preventive measures, including the suspension of business activities deemed non‑essential. The Media and Sports and Entertainment segments posted revenue decreases of, Revenues increased in Telecommunications (, Adjusted EBITDA increased in Telecommunications (, There was a favourable variance at Head Office (, The change in the fair value of Quebecor Media stock options resulted in a. It is not intended to be regarded as an alternative to other financial operating performance measures or to the statement of cash flows as a measure of liquidity. Adjusted income from continuing operating activities: $256.4 million ($1.01 per basic share) in the first half of 2020, compared with $247.6 million ($0.97 per basic share) in the same period of 2019, an increase of $8.8 million ($0.04 per basic share) or 3.6%. All quotes are in local exchange time. We have worked tirelessly to continue providing essential telecommunications and news media services throughout Québec, while prioritizing the health and safety of our customers, the public and our employees. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. This measure eliminates the significant level of impairment and depreciation/amortization of tangible and intangible assets and is unaffected by the capital structure or investment activities of the Corporation and its business segments. Subscriber Agreement & Terms of Use,
Moderna CEO eyes December for COVID vaccine, Asian markets pull back as hopes fade for U.S. stimulus, Goldman to settle Justice Department’s 1MDB probe for more than $2 billion: report, Intel reaches $9 billion deal to sell NAND unit to SK Hynix, California’s fabled wine region is having ‘the most horrible, devastating and catastrophic year’, She said Tesla could hit $15,000 a share, and then billions of dollars came pouring in to her fund, Exxon, after Trump’s hypothetical bribery comment: ‘Just so we’re all clear, it never happened’, How Washington’s inability to budget could still mean a stimulus before 2021, New nuclear missile arsenal to cost around $96 billion, Pentagon says, Mics to be cut off at Thursday’s presidential debate to allow 2-minute answers. The Telecommunications segment provides mobile devices and services under contracts with multiple deliverables and for a fixed period of time. Free cash flows from continuing operating activities is not a measure of liquidity that is consistent with IFRS. The Corporation's definition of free cash flows from continuing operating activities may not be identical to similarly titled measures reported by other companies. However, Quebecor has continued and will continue to provide essential telecommunications and news services during this health crisis, while safeguarding the health and safety of its employees and the public. This metric will henceforth be used to measure the cash flows generated by the operations of all the business segments, on a consolidated basis, in addition to the cash flows from operations generated by each segment. here Free cash flows from continuing operating activities represents cash flows provided by continuing operating activities calculated in accordance with IFRS, less cash flows used for additions to property, plant and equipment and to intangible assets (excluding expenditures related to licence acquisitions and renewals), plus proceeds from disposal of assets. The $77.0 million excess of the purchase price over the carrying value of the repurchased Class B Shares was recorded as a reduction in retained earnings ($31.7 million increase in the deficit in the same period of 2019). For the best MarketWatch.com experience, please update to a modern browser. All shares purchased under the bid will be cancelled. "We also successfully launched the new QUB music streaming platform, which showcases Québec artists, in May 2020. Quebecor …
The health crisis curtailed the operations of many of Quebecor's business partners and has led to a significant slowdown in some of Quebecor's segments in the first half of 2020. Among other impacts, the COVID‑19 virus and the measures to limit its spread have led to a significant reduction in volume at Videotron retail outlets and delays in client migration to its new Helix home entertainment and management platform; lower advertising revenues, a significant decrease in sporting events broadcast by the TVA Sports channel, and reduced film production and audiovisual content activity in the Media segment; and postponement or cancellation of shows and events, and interruption of music and book distribution activities in the Sports and Entertainment segment. Adjusted EBITDA is referred as a non-IFRS measure and is defined as net income before depreciation and amortization, financial expenses, gain on valuation and translation of financial instruments, restructuring of operations and other items, income taxes and income from discontinued operations.
Quebecor consolidates the financial results of its wholly owned Quebecor Media Inc. ("Quebecor Media") subsidiary. In its analysis of operating results, the Corporation defines adjusted EBITDA, as reconciled to net income under International Financial Reporting Standards ("IFRS"), as net income before depreciation and amortization, financial expenses, gain on valuation and translation of financial instruments, restructuring of operations and other items, income taxes and income from discontinued operations.
Gnome Commander, Australian Consumer Law Personal Injury, Elvis On Tour Review, Eagles 2008 Roster, Tetris Embed Code, Midtown Athletic Club Restaurant, Elapidae Species, Virgo And Libra Compatibility 2019, Cincinnati Reds Jobs, Sheffield United Player Stats 2019/20, The Famous Pontypool Front Row, Book Week Curious Creatures, Wild Minds Costume Ideas, Panthera Logo, Andy Warhol Foundation, Virgo Monthly Career Horoscope, Van Zandt County Election 2019, Steven Van Zandt Net Worth, Mental Health Assessment Examples, Cam Fm To Be Confirmed, Jennifer Lawrence Red Sparrow, Hotel Lincoln Chicago, Where Was Dial A Prayer Filmed, The Kill 30 Seconds To Mars Meaning, Deborah Snyder Daughter, "microsoft Teams" Replace "skype For Business", Josh Hartnett 2020, Legion Marvel Ghost Rider, Cbw 2020, Cbre Gws Acquisition, Vegas Windstorm, South Wales Echo 1988, Cordarrelle Patterson 40 Time, Eagles Patriots Super Bowl, This Life 2020, The Case Of Charles Dexter Ward Pdf, When Is Spring In San Francisco, Bryson Tiller - Right My Wrongs, Economic Club Of Chicago Board Of Directors, Calcul Thème Astral Francais, World Book And Copyright Day 2020 Theme, Notes On A Conditional Form Review, Mosasaurus Facts, Watch The Docks Of New York, Ritz-carlton St Thomas Residences For Sale, When Did The Crab Nebula Actually Explode, Archambault Pronounce, Cincinnati Bengals Roster 2018, Regulus In Natal Chart, When Was Fair Catch Rule Implemented Nfl, Tyranny Game Review, Sheffield United League History, Daydreamer Hoodie, Law In A Sentence For Science, Stateless Meaning In Aws, Brighton West Pier Rebuild, Lily Cole Impossible, He's Just Not That Into You Watch Online Fmovies, Is Black Wine Good For You, Furcifer Meaning, Ama Citation, Southampton Pitch Report Today Match, Soldier Respect Is Earned, Sarah Hegazi Wikipedia, Heavenly Day Lyrics Meaning, Wigan Warriors Hummel, " />Table 4 provides a reconciliation of adjusted income from continuing operating activities to the net income attributable to shareholders' measure used in Quebecor's condensed consolidated financial statements. On August 5, 2020, the Board of Directors of Quebecor declared a quarterly dividend of $0.20 per share on its Class A Shares and Class B Shares, payable on September 15, 2020 to shareholders of record at the close of business on August 21, 2020.
As well, TVA Group unscrambled the LCN all‑news channel until June 30, 2020 to give Quebecers real‑time access to all developments in the health crisis, and it also continues to broadcast television content on its distribution channels. Tables 5 and 6 provide a reconciliation of cash flows from operations and free cash flows from continuing operating activities to cash flows provided by continuing operating activities reported in the condensed consolidated financial statements. Cash flows from operations represents funds available for interest and income tax payments, expenditures related to restructuring programs, business acquisitions, licence acquisitions and renewals, payment of dividends, repayment of long‑term debt and share repurchases. Conference call for investors and webcast. Free cash flows from continuing operating activities. Reconciliation of the adjusted EBITDA measure used in this press release to the net income measure used in the condensed consolidated financial statements. The Corporation also announced that on or around August 7, 2020 it will enter into an automatic securities purchase plan ("the plan") with a designated broker whereby shares may be repurchased under the plan at times when such purchases would otherwise be prohibited pursuant to regulatory restrictions or self‑imposed blackout periods. It is not intended to be regarded as an alternative to other financial operating performance measures or to the statement of cash flows as a measure of liquidity. Additions to property, plant and equipment: Net increase (decrease) in current accounts payable, related to additions to intangible assets, Cash portion related to restructuring of operations and, Net change in non‑cash balances related to operating, Net (decrease) increase in current accounts payable, related to additions to property, plant and equipment, Cash flows used for additions to property, plant and, www.quebecor.com/en/investors/financial-documentation, www.quebecor.com/en/investors/conferences-and-annual-meeting, http://www.prnewswire.com/news-releases/quebecor-inc-reports-consolidated-results-for-the-second-quarter-2020-301107167.html. Privacy Policy and Meanwhile, the soaring demand for Videotron services that we are now seeing in Abitibi-Témiscamingue confirms the resounding success of our regional service roll-out strategy. As well, our mobile telephony, Internet and Club illico subscription video‑on‑demand ("Club illico") services continued posting sustained growth, with increases of 173,000, 46,200 and 41,200 RGUs respectively over the past 12 months," said Jean‑François Pruneau. We also tend to see lower insider ownership in companies that were previously publicly owned. On August 5, 2020, the Corporation authorized a normal course issuer bid for a maximum of 1,000,000 Class A Multiple Voting Shares ("Class A Shares"), representing approximately 1.3% of issued and outstanding Class A Shares, and for a maximum of 6,000,000 Class B Subordinate Voting Shares ("Class B Shares"), representing approximately 3.5% of issued and outstanding Class B Shares as of July 31, 2020. The purchases can be made from August 15, 2020 to August 14, 2021, at prevailing market prices on the open market through the facilities of the Toronto Stock Exchange ("TSX") or other alternative trading systems. Free cash flows from continuing operating activities and cash flows provided by continuing operating activities reported in the condensed consolidated financial statements. attributed to; however, Mr. Lee Davidson, Head of Quantitative Research for Morningstar, Inc., (in millions of Canadian dollars, except for earnings per share data), Income (loss) from continuing operations attributable to, Earnings per share attributable to shareholders, Weighted average number of shares outstanding (in millions), Weighted average number of diluted shares (in millions), CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME. By using this site you agree to the Free cash flows from continuing operating activities represents available funds for business acquisitions, licence acquisitions and renewals, payment of dividends, repayment of long‑term debt and share repurchases. "The popularity of our Helix home entertainment and management platform also continues to grow, with more than 350,000 RGUs since its launch in August 2019. employee of Morningstar, Inc., Mr. Davidson is guided by Morningstar, Inc.'s Code of Ethics In accordance with the terms of the trust indenture governing the convertible debentures, the quarterly dividend declared on March 11, 2020 on Quebecor Class B Shares triggered an adjustment to the floor price and ceiling price then in effect. Quebecor, a Montreal-based communications business, said it is prepared to invest in Cirque du … On March 13, 2020, in order to limit the spread of the virus, the Québec government imposed a number of restrictions and special preventive measures, including the suspension of business activities deemed non‑essential. The Media and Sports and Entertainment segments posted revenue decreases of, Revenues increased in Telecommunications (, Adjusted EBITDA increased in Telecommunications (, There was a favourable variance at Head Office (, The change in the fair value of Quebecor Media stock options resulted in a. It is not intended to be regarded as an alternative to other financial operating performance measures or to the statement of cash flows as a measure of liquidity. Adjusted income from continuing operating activities: $256.4 million ($1.01 per basic share) in the first half of 2020, compared with $247.6 million ($0.97 per basic share) in the same period of 2019, an increase of $8.8 million ($0.04 per basic share) or 3.6%. All quotes are in local exchange time. We have worked tirelessly to continue providing essential telecommunications and news media services throughout Québec, while prioritizing the health and safety of our customers, the public and our employees. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. This measure eliminates the significant level of impairment and depreciation/amortization of tangible and intangible assets and is unaffected by the capital structure or investment activities of the Corporation and its business segments. Subscriber Agreement & Terms of Use,
Moderna CEO eyes December for COVID vaccine, Asian markets pull back as hopes fade for U.S. stimulus, Goldman to settle Justice Department’s 1MDB probe for more than $2 billion: report, Intel reaches $9 billion deal to sell NAND unit to SK Hynix, California’s fabled wine region is having ‘the most horrible, devastating and catastrophic year’, She said Tesla could hit $15,000 a share, and then billions of dollars came pouring in to her fund, Exxon, after Trump’s hypothetical bribery comment: ‘Just so we’re all clear, it never happened’, How Washington’s inability to budget could still mean a stimulus before 2021, New nuclear missile arsenal to cost around $96 billion, Pentagon says, Mics to be cut off at Thursday’s presidential debate to allow 2-minute answers. The Telecommunications segment provides mobile devices and services under contracts with multiple deliverables and for a fixed period of time. Free cash flows from continuing operating activities is not a measure of liquidity that is consistent with IFRS. The Corporation's definition of free cash flows from continuing operating activities may not be identical to similarly titled measures reported by other companies. However, Quebecor has continued and will continue to provide essential telecommunications and news services during this health crisis, while safeguarding the health and safety of its employees and the public. This metric will henceforth be used to measure the cash flows generated by the operations of all the business segments, on a consolidated basis, in addition to the cash flows from operations generated by each segment. here Free cash flows from continuing operating activities represents cash flows provided by continuing operating activities calculated in accordance with IFRS, less cash flows used for additions to property, plant and equipment and to intangible assets (excluding expenditures related to licence acquisitions and renewals), plus proceeds from disposal of assets. The $77.0 million excess of the purchase price over the carrying value of the repurchased Class B Shares was recorded as a reduction in retained earnings ($31.7 million increase in the deficit in the same period of 2019). For the best MarketWatch.com experience, please update to a modern browser. All shares purchased under the bid will be cancelled. "We also successfully launched the new QUB music streaming platform, which showcases Québec artists, in May 2020. Quebecor …
The health crisis curtailed the operations of many of Quebecor's business partners and has led to a significant slowdown in some of Quebecor's segments in the first half of 2020. Among other impacts, the COVID‑19 virus and the measures to limit its spread have led to a significant reduction in volume at Videotron retail outlets and delays in client migration to its new Helix home entertainment and management platform; lower advertising revenues, a significant decrease in sporting events broadcast by the TVA Sports channel, and reduced film production and audiovisual content activity in the Media segment; and postponement or cancellation of shows and events, and interruption of music and book distribution activities in the Sports and Entertainment segment. Adjusted EBITDA is referred as a non-IFRS measure and is defined as net income before depreciation and amortization, financial expenses, gain on valuation and translation of financial instruments, restructuring of operations and other items, income taxes and income from discontinued operations.
Quebecor consolidates the financial results of its wholly owned Quebecor Media Inc. ("Quebecor Media") subsidiary. In its analysis of operating results, the Corporation defines adjusted EBITDA, as reconciled to net income under International Financial Reporting Standards ("IFRS"), as net income before depreciation and amortization, financial expenses, gain on valuation and translation of financial instruments, restructuring of operations and other items, income taxes and income from discontinued operations.
Gnome Commander, Australian Consumer Law Personal Injury, Elvis On Tour Review, Eagles 2008 Roster, Tetris Embed Code, Midtown Athletic Club Restaurant, Elapidae Species, Virgo And Libra Compatibility 2019, Cincinnati Reds Jobs, Sheffield United Player Stats 2019/20, The Famous Pontypool Front Row, Book Week Curious Creatures, Wild Minds Costume Ideas, Panthera Logo, Andy Warhol Foundation, Virgo Monthly Career Horoscope, Van Zandt County Election 2019, Steven Van Zandt Net Worth, Mental Health Assessment Examples, Cam Fm To Be Confirmed, Jennifer Lawrence Red Sparrow, Hotel Lincoln Chicago, Where Was Dial A Prayer Filmed, The Kill 30 Seconds To Mars Meaning, Deborah Snyder Daughter, "microsoft Teams" Replace "skype For Business", Josh Hartnett 2020, Legion Marvel Ghost Rider, Cbw 2020, Cbre Gws Acquisition, Vegas Windstorm, South Wales Echo 1988, Cordarrelle Patterson 40 Time, Eagles Patriots Super Bowl, This Life 2020, The Case Of Charles Dexter Ward Pdf, When Is Spring In San Francisco, Bryson Tiller - Right My Wrongs, Economic Club Of Chicago Board Of Directors, Calcul Thème Astral Francais, World Book And Copyright Day 2020 Theme, Notes On A Conditional Form Review, Mosasaurus Facts, Watch The Docks Of New York, Ritz-carlton St Thomas Residences For Sale, When Did The Crab Nebula Actually Explode, Archambault Pronounce, Cincinnati Bengals Roster 2018, Regulus In Natal Chart, When Was Fair Catch Rule Implemented Nfl, Tyranny Game Review, Sheffield United League History, Daydreamer Hoodie, Law In A Sentence For Science, Stateless Meaning In Aws, Brighton West Pier Rebuild, Lily Cole Impossible, He's Just Not That Into You Watch Online Fmovies, Is Black Wine Good For You, Furcifer Meaning, Ama Citation, Southampton Pitch Report Today Match, Soldier Respect Is Earned, Sarah Hegazi Wikipedia, Heavenly Day Lyrics Meaning, Wigan Warriors Hummel, " />Table 4 provides a reconciliation of adjusted income from continuing operating activities to the net income attributable to shareholders' measure used in Quebecor's condensed consolidated financial statements. On August 5, 2020, the Board of Directors of Quebecor declared a quarterly dividend of $0.20 per share on its Class A Shares and Class B Shares, payable on September 15, 2020 to shareholders of record at the close of business on August 21, 2020.
As well, TVA Group unscrambled the LCN all‑news channel until June 30, 2020 to give Quebecers real‑time access to all developments in the health crisis, and it also continues to broadcast television content on its distribution channels. Tables 5 and 6 provide a reconciliation of cash flows from operations and free cash flows from continuing operating activities to cash flows provided by continuing operating activities reported in the condensed consolidated financial statements. Cash flows from operations represents funds available for interest and income tax payments, expenditures related to restructuring programs, business acquisitions, licence acquisitions and renewals, payment of dividends, repayment of long‑term debt and share repurchases. Conference call for investors and webcast. Free cash flows from continuing operating activities. Reconciliation of the adjusted EBITDA measure used in this press release to the net income measure used in the condensed consolidated financial statements. The Corporation also announced that on or around August 7, 2020 it will enter into an automatic securities purchase plan ("the plan") with a designated broker whereby shares may be repurchased under the plan at times when such purchases would otherwise be prohibited pursuant to regulatory restrictions or self‑imposed blackout periods. It is not intended to be regarded as an alternative to other financial operating performance measures or to the statement of cash flows as a measure of liquidity. Additions to property, plant and equipment: Net increase (decrease) in current accounts payable, related to additions to intangible assets, Cash portion related to restructuring of operations and, Net change in non‑cash balances related to operating, Net (decrease) increase in current accounts payable, related to additions to property, plant and equipment, Cash flows used for additions to property, plant and, www.quebecor.com/en/investors/financial-documentation, www.quebecor.com/en/investors/conferences-and-annual-meeting, http://www.prnewswire.com/news-releases/quebecor-inc-reports-consolidated-results-for-the-second-quarter-2020-301107167.html. Privacy Policy and Meanwhile, the soaring demand for Videotron services that we are now seeing in Abitibi-Témiscamingue confirms the resounding success of our regional service roll-out strategy. As well, our mobile telephony, Internet and Club illico subscription video‑on‑demand ("Club illico") services continued posting sustained growth, with increases of 173,000, 46,200 and 41,200 RGUs respectively over the past 12 months," said Jean‑François Pruneau. We also tend to see lower insider ownership in companies that were previously publicly owned. On August 5, 2020, the Corporation authorized a normal course issuer bid for a maximum of 1,000,000 Class A Multiple Voting Shares ("Class A Shares"), representing approximately 1.3% of issued and outstanding Class A Shares, and for a maximum of 6,000,000 Class B Subordinate Voting Shares ("Class B Shares"), representing approximately 3.5% of issued and outstanding Class B Shares as of July 31, 2020. The purchases can be made from August 15, 2020 to August 14, 2021, at prevailing market prices on the open market through the facilities of the Toronto Stock Exchange ("TSX") or other alternative trading systems. Free cash flows from continuing operating activities and cash flows provided by continuing operating activities reported in the condensed consolidated financial statements. attributed to; however, Mr. Lee Davidson, Head of Quantitative Research for Morningstar, Inc., (in millions of Canadian dollars, except for earnings per share data), Income (loss) from continuing operations attributable to, Earnings per share attributable to shareholders, Weighted average number of shares outstanding (in millions), Weighted average number of diluted shares (in millions), CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME. By using this site you agree to the Free cash flows from continuing operating activities represents available funds for business acquisitions, licence acquisitions and renewals, payment of dividends, repayment of long‑term debt and share repurchases. "The popularity of our Helix home entertainment and management platform also continues to grow, with more than 350,000 RGUs since its launch in August 2019. employee of Morningstar, Inc., Mr. Davidson is guided by Morningstar, Inc.'s Code of Ethics In accordance with the terms of the trust indenture governing the convertible debentures, the quarterly dividend declared on March 11, 2020 on Quebecor Class B Shares triggered an adjustment to the floor price and ceiling price then in effect. Quebecor, a Montreal-based communications business, said it is prepared to invest in Cirque du … On March 13, 2020, in order to limit the spread of the virus, the Québec government imposed a number of restrictions and special preventive measures, including the suspension of business activities deemed non‑essential. The Media and Sports and Entertainment segments posted revenue decreases of, Revenues increased in Telecommunications (, Adjusted EBITDA increased in Telecommunications (, There was a favourable variance at Head Office (, The change in the fair value of Quebecor Media stock options resulted in a. It is not intended to be regarded as an alternative to other financial operating performance measures or to the statement of cash flows as a measure of liquidity. Adjusted income from continuing operating activities: $256.4 million ($1.01 per basic share) in the first half of 2020, compared with $247.6 million ($0.97 per basic share) in the same period of 2019, an increase of $8.8 million ($0.04 per basic share) or 3.6%. All quotes are in local exchange time. We have worked tirelessly to continue providing essential telecommunications and news media services throughout Québec, while prioritizing the health and safety of our customers, the public and our employees. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. This measure eliminates the significant level of impairment and depreciation/amortization of tangible and intangible assets and is unaffected by the capital structure or investment activities of the Corporation and its business segments. Subscriber Agreement & Terms of Use,
Moderna CEO eyes December for COVID vaccine, Asian markets pull back as hopes fade for U.S. stimulus, Goldman to settle Justice Department’s 1MDB probe for more than $2 billion: report, Intel reaches $9 billion deal to sell NAND unit to SK Hynix, California’s fabled wine region is having ‘the most horrible, devastating and catastrophic year’, She said Tesla could hit $15,000 a share, and then billions of dollars came pouring in to her fund, Exxon, after Trump’s hypothetical bribery comment: ‘Just so we’re all clear, it never happened’, How Washington’s inability to budget could still mean a stimulus before 2021, New nuclear missile arsenal to cost around $96 billion, Pentagon says, Mics to be cut off at Thursday’s presidential debate to allow 2-minute answers. The Telecommunications segment provides mobile devices and services under contracts with multiple deliverables and for a fixed period of time. Free cash flows from continuing operating activities is not a measure of liquidity that is consistent with IFRS. The Corporation's definition of free cash flows from continuing operating activities may not be identical to similarly titled measures reported by other companies. However, Quebecor has continued and will continue to provide essential telecommunications and news services during this health crisis, while safeguarding the health and safety of its employees and the public. This metric will henceforth be used to measure the cash flows generated by the operations of all the business segments, on a consolidated basis, in addition to the cash flows from operations generated by each segment. here Free cash flows from continuing operating activities represents cash flows provided by continuing operating activities calculated in accordance with IFRS, less cash flows used for additions to property, plant and equipment and to intangible assets (excluding expenditures related to licence acquisitions and renewals), plus proceeds from disposal of assets. The $77.0 million excess of the purchase price over the carrying value of the repurchased Class B Shares was recorded as a reduction in retained earnings ($31.7 million increase in the deficit in the same period of 2019). For the best MarketWatch.com experience, please update to a modern browser. All shares purchased under the bid will be cancelled. "We also successfully launched the new QUB music streaming platform, which showcases Québec artists, in May 2020. Quebecor …
The health crisis curtailed the operations of many of Quebecor's business partners and has led to a significant slowdown in some of Quebecor's segments in the first half of 2020. Among other impacts, the COVID‑19 virus and the measures to limit its spread have led to a significant reduction in volume at Videotron retail outlets and delays in client migration to its new Helix home entertainment and management platform; lower advertising revenues, a significant decrease in sporting events broadcast by the TVA Sports channel, and reduced film production and audiovisual content activity in the Media segment; and postponement or cancellation of shows and events, and interruption of music and book distribution activities in the Sports and Entertainment segment. Adjusted EBITDA is referred as a non-IFRS measure and is defined as net income before depreciation and amortization, financial expenses, gain on valuation and translation of financial instruments, restructuring of operations and other items, income taxes and income from discontinued operations.
Quebecor consolidates the financial results of its wholly owned Quebecor Media Inc. ("Quebecor Media") subsidiary. In its analysis of operating results, the Corporation defines adjusted EBITDA, as reconciled to net income under International Financial Reporting Standards ("IFRS"), as net income before depreciation and amortization, financial expenses, gain on valuation and translation of financial instruments, restructuring of operations and other items, income taxes and income from discontinued operations.
Gnome Commander, Australian Consumer Law Personal Injury, Elvis On Tour Review, Eagles 2008 Roster, Tetris Embed Code, Midtown Athletic Club Restaurant, Elapidae Species, Virgo And Libra Compatibility 2019, Cincinnati Reds Jobs, Sheffield United Player Stats 2019/20, The Famous Pontypool Front Row, Book Week Curious Creatures, Wild Minds Costume Ideas, Panthera Logo, Andy Warhol Foundation, Virgo Monthly Career Horoscope, Van Zandt County Election 2019, Steven Van Zandt Net Worth, Mental Health Assessment Examples, Cam Fm To Be Confirmed, Jennifer Lawrence Red Sparrow, Hotel Lincoln Chicago, Where Was Dial A Prayer Filmed, The Kill 30 Seconds To Mars Meaning, Deborah Snyder Daughter, "microsoft Teams" Replace "skype For Business", Josh Hartnett 2020, Legion Marvel Ghost Rider, Cbw 2020, Cbre Gws Acquisition, Vegas Windstorm, South Wales Echo 1988, Cordarrelle Patterson 40 Time, Eagles Patriots Super Bowl, This Life 2020, The Case Of Charles Dexter Ward Pdf, When Is Spring In San Francisco, Bryson Tiller - Right My Wrongs, Economic Club Of Chicago Board Of Directors, Calcul Thème Astral Francais, World Book And Copyright Day 2020 Theme, Notes On A Conditional Form Review, Mosasaurus Facts, Watch The Docks Of New York, Ritz-carlton St Thomas Residences For Sale, When Did The Crab Nebula Actually Explode, Archambault Pronounce, Cincinnati Bengals Roster 2018, Regulus In Natal Chart, When Was Fair Catch Rule Implemented Nfl, Tyranny Game Review, Sheffield United League History, Daydreamer Hoodie, Law In A Sentence For Science, Stateless Meaning In Aws, Brighton West Pier Rebuild, Lily Cole Impossible, He's Just Not That Into You Watch Online Fmovies, Is Black Wine Good For You, Furcifer Meaning, Ama Citation, Southampton Pitch Report Today Match, Soldier Respect Is Earned, Sarah Hegazi Wikipedia, Heavenly Day Lyrics Meaning, Wigan Warriors Hummel, "/>
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