2013 Annual Report
2013 ANNUAL REPORT TORSTAR CORPORATION 2013 ANNUAL REPORT PB OPERATING RESULTS ($000) 2013 2012 (2) Operating revenue $1,308,791 $1,406,768 EBITDA (1) 161,900 185,742 Operating profit 11,321 131,077 Net income (loss) (27,413) 82,933 Cash from operating activities 80,732 89,835 EBITDA – Percentage of revenue 12.4% 13.2% Operating profit – percentage of revenue 0.9% 9.3% Cash from operating activities – percentage of average equity 10.6% 12.6% PER CLASS A AND CLASS B SHARES Net income (loss) ($0.35) $1.03 Dividends $0.5250 $0.5188 Price range (high/low) $8.36/$5.20 $11.30/$6.56 FINANCIAL POSITION ($000) Long-term debt $175,898 $178,027 Equity $796,784 $723,680 The Annual Meeting of shareholders will be held Wednesday, May 7, 2014 at The Westin Harbour Castle Hotel, 1 Harbour Square, Toronto beginning at 10 a.m. It will also be webcast live on the Internet. OPERATING REVENUE ($MILLIONS) (2) OPERATING PROFIT ($MILLIONS) (2) 09 1,451 09 95 10 1,484 10 186 11 1,549 11 190 12 1,407 12 131 13 1,309 13 11 INCOME (LOSS) PER SHARE (2) EBITDA ($MILLIONS) (1) (2) 09 0.45 09 192 10 2.65 10 250 11 2.74 11 242 12 1.03 12 186 (0.35) 13 13 162 (1) Consolidated operating profit, as presented on the consolidated statement of income, which is before charges for interest and taxes adjusted for depreciation and amortization of intangible assets. It also excludes restructuring and other charges and impairment of assets.
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