shaw communications inc-b (SJR/B) Snapshot

Shaw Communications, Inc. announced that its Board of Directors has declared monthly dividends of $0.085 on its Class B Non-Voting Participating Shares and $0.084792 on its Class A Participating Shares, payable on each of June 27, 2013, July 30, 2013 and August 29, 2013 to holders of record at the close of business on June 14, 2013, July 15, 2012 and August 15, 2013, respectively.

Shaw Communications, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended February 28, 2013. For the quarter, the company reported revenue of CAD 1,251 million compared to CAD 1,231 million reported a year ago. Operating income was CAD 327 million compared to CAD 286 million reported a year ago. Income before income taxes was CAD 245 million compared to CAD 202 million reported a year ago. Net income attributable to equity shareholders was CAD 172 million or CAD 0.38 per diluted share compared to CAD 169 million or CAD 0.38 per diluted share reported a year ago. Funds flow from operations was CAD 386 million compared to CAD 164 million reported a year ago. Free cash flow was CAD 161 million compared to CAD 57 million reported a year ago. Capital expenditures and equipment costs (net) was CAD 203 million compared to CAD 266 million reported a year ago. EBITDA growth was 9% to CAD 538 million. For the six months, the company reported revenue of CAD 2,570 million compared to CAD 2,510 million reported a year ago. Operating income was CAD 720 million compared to CAD 658 million reported a year ago. Income before income taxes was CAD 548 million compared to CAD 481 million reported a year ago. Net income attributable to equity shareholders was CAD 396 million or CAD 0.87 per diluted share compared to CAD 361 million or CAD 0.80 per diluted share reported a year ago. Funds flow from operations was CAD 513 million compared to CAD 520 million reported a year ago. Free cash flow was CAD 405 million compared to CAD 176 million reported a year ago. Capital expenditures and equipment costs (net) was CAD 372 million compared to CAD 520 million reported a year ago. The company's preliminary view with respect to 2013 guidance was provided coincident with the release of its fourth quarter results on October 25, 2012. The company is now updating its guidance. The company anticipates modest growth in consolidated revenue and operating income before amortization. During fiscal 2013 the company plans to continue to enhance its network, provide innovative product offerings, and launches the Anik G1 satellite and expects consolidated capital investment, excluding the capital funded through the accelerated capital fund, to decline marginally from 2012 levels. The company expects to deliver consolidated free cash flow of approximately CAD 550 million.

Shaw CABLE reported unaudited earnings results for the second quarter and six months ended February 28, 2013. For the quarter, the company reported revenue of CAD 814 million compared to CAD 804 million reported a year ago. Operating income before amortization was CAD 393 million compared to CAD 352 million reported a year ago. Capital expenditures and equipment costs (net) was CAD 176 million compared to CAD 234 million reported a year ago. For the six months, the company reported revenue of CAD 1,623 million compared to CAD 1,596 million reported a year ago. Operating income before amortization was CAD 789 million compared to CAD 729 million reported a year ago. Capital expenditures and equipment costs (net) was CAD 316 million compared to CAD 457 million reported a year ago.