Source document: cogeco-inc_2019

Question: What is included in Service delivery costs?
Facts: Include cost of equipment sold, content and programming costs, payments to other carriers, franchise fees and network costs.
Answer: Include cost of equipment sold, content and programming costs, payments to other carriers, franchise fees and network costs.

Question: What is included in Customer related costs?
Facts: Include advertising and marketing expenses, selling costs, billing expenses, bad debts and collection expenses.
Answer: Include advertising and marketing expenses, selling costs, billing expenses, bad debts and collection expenses.

Question: What is included in Other external purchases?
Facts: Include office building expenses, professional service fees, Canadian Radio-television and Telecommunications Commission (“CRTC”) fees, losses and gains on disposals and write-offs of property, plant and equipment and other administrative expenses.
Answer: Include office building expenses, professional service fees, Canadian Radio-television and Telecommunications Commission (“CRTC”) fees, losses and gains on disposals and write-offs of property, plant and equipment and other administrative expenses.

Question: What is the increase/ (decrease) in Salaries, employee benefits and outsourced services from 2018 to 2019?
Facts: 317,118; 345,041
Derivation: 345,041-317,118
Answer: 27923 thousand

Question: What is the increase/ (decrease) in Service delivery costs from 2018 to 2019?
Facts: 615,267; 661,214
Derivation: 661,214-615,267
Answer: 45947 thousand

Question: What is the increase/ (decrease) in Customer related costs from 2018 to 2019?
Facts: 68,744; 83,401
Derivation: 83,401-68,744 
Answer: 14657 thousand

Question: What was the compensation expense in 2019?
Facts: $1,792,000
Answer: $1,792,000

Question: What was the compensation expense reduction in 2018?
Facts: $181,000
Answer: $181,000

Question: What was the issued DSU in 2019?
Facts: 11,328
Answer: 11,328

Question: What is the increase / (decrease) in Outstanding, beginning of the year from 2018 to 2019?
Facts: 40,446; 42,607
Derivation: 42,607 - 40,446
Answer: 2161

Question: What was the average Issued from 2018 to 2019?
Facts: 11,328; 6,662
Derivation: (11,328 + 6,662) / 2
Answer: 8995

Question: What was the average dividend equivalent from 2018 to 2019?
Facts: 1,048; 1,095
Derivation: (1,095 + 1,048) / 2
Answer: 1071.5

Question: How many primary service units are excluded from the MetroCast acquisition completed in the second quarter of fiscal 2018?
Facts: 251,379
Answer: 251,379

Question: What were the net additions for internet service customers in 2019?
Facts: 21,189
Answer: 21,189

Question: What were the net losses for video service customers in 2019?
Facts: 4,697
Answer: 4,697

Question: What is the increase / (decrease) in the primary service units  in net additions(losses) from 2018 to 2019?
Facts: 16,981; 20,251
Derivation: 16,981 - 20,251
Answer: -3270

Question: What was the average increase / (decrease) in internet service customers between 2018 and 2019?
Facts: 21,189; 21,417
Derivation: (21,189 + 21,417) / 2
Answer: 21303

Question: What was the increase / (decrease) in the video service customers from 2018 to 2019?
Facts: 4,697; 6,760
Derivation: -4,697 - (-6,760)
Answer: 2063

Question: What was the exchange rate in 2019?
Facts: 1.3222 USD/CDN
Answer: 1.3222 USD/CDN

Question: What was the exchange rate in 2018?
Facts: 1.3100 USD/CDN
Answer: 1.3100 USD/CDN

Question: What was the revenue increase in 2019?
Facts: 7.0%
Answer: 7.0%

Question: What was the increase / (decrease) in revenue from 2018 to 2019?
Facts: 246,443; 263,738
Derivation: 263,738 - 246,443
Answer: 17295 thousand

Question: What was the increase / (decrease) in operating expenses from 2018 to 2019?
Facts: 136,506; 148,215
Derivation: 148,215 - 136,506
Answer: 11709 thousand

Question: What was the average Adjusted EBITDA?
Facts: 109,937; 115,523
Derivation: (115,523 + 109,937) / 2
Answer: 112730 thousand

Question: When did Atlantic Broadband, completed the acquisition of the south Florida fibre network?
Facts: October 3, 2018
Answer: October 3, 2018

Question: Which company previously owned South Florida fibre network?
Facts: FiberLight, LLC
Answer: FiberLight, LLC

Question: Which company was acquired by Atlantic Broadband in 2018?
Facts: south Florida fibre network
Answer: south Florida fibre network

Question: What is the increase/ (decrease) in Trade and other receivables from Preliminary, November 30, 2018 to Final August 31, 2019?
Facts: 1,308; 1,743
Derivation: 1,308-1,743
Answer: -435 thousand

Question: What is the increase/ (decrease) in Property, plant and equipment from Preliminary, November 30, 2018 to Final August 31, 2019?
Facts: 28,785; 45,769
Derivation: 28,785-45,769
Answer: -16984 thousand

Question: What is the increase/ (decrease) in Contract liabilities and other liabilities assumed from Preliminary, November 30, 2018 to Final August 31, 2019?
Facts: 3,322; 974
Derivation: (-974)-(-3,322)
Answer: 2348 thousand

Question: What was the exchange rate in 2019?
Facts: 1.3255 USD/CDN.
Answer: 1.3255 USD/CDN.

Question: What was the exchange rate in 2018?
Facts: 1.2773 USD/CDN.
Answer: 1.2773 USD/CDN.

Question: What was the increase in 2019 operating expenses?
Facts: 7.3%
Answer: 7.3%

Question: What was the increase / (decrease) in Canadian broadband services from 2018 to 2019?
Facts: 606,286; 618,886
Derivation: 606,286 - 618,886
Answer: -12600 thousand

Question: What was the average American broadband services between 2018 and 2019?
Facts: 478,172; 571,208
Derivation: (571,208 + 478,172) / 2
Answer: 524690 thousand

Question: What was the increase / (decrease) in the Inter-segment eliminations and other from 2018 to 2019?
Facts: 24,567; 26,486
Derivation: 26,486 - 24,567
Answer: 1919 thousand

Question: How many months of MetroCast operations are included in 2018?
Facts: eight months
Answer: eight months

Question: How much was the net cash consideration in 2019?
Facts: $720 million
Answer: $720 million

Question: What is the company's projection for EBITDA?
Facts: EBITDA should continue to decline as a result of growing adjusted EBITDA and a projected reduction in net indebtedness from generated free cash flow.
Answer: EBITDA should continue to decline as a result of growing adjusted EBITDA and a projected reduction in net indebtedness from generated free cash flow.

Question: What was the increase / (decrease) in the Average cost of indebtedness from 2019 to 2020?
Facts: 4.4
Derivation: 4.4% - 4.4%
Answer: 0 percent

Question: What was the average Net indebtedness / adjusted EBITDA for Fiscal 2019 and 2020?
Facts: 2.3; 2.6
Derivation: (2.3 + 2.6) / 2
Answer: 2.45 percent

Question: What was the increase / (decrease) in the Average term: long-term debt (in years) from 2018 to 2019?
Facts: 4.9; 5.7
Derivation: 4.9 - 5.7
Answer: -0.8 percent

Question: How many legacy systems were replaced by implementing the new customer management system?
Facts: 22
Answer: 22

Question: What were the net additions of the internet customers in 2019?
Facts: 5,966
Answer: 5,966

Question: What was the net loss for video customers in 2019?
Facts: 39,185
Answer: 39,185

Question: What was the increase / (decrease) in the net additions of Primary service units in 2019 from 2018?
Facts: 55,849; 56,552
Derivation: -56,552 - (-55,849)
Answer: -703

Question: What was the average increase / (decrease) in the internet service customers between 2018 and 2019?
Facts: 14,173; 5,966
Derivation: (5,966 + 14,173) / 2
Answer: 10069.5

Question: What was the average increase / (decrease) in video service customers between 2018 and 2019?
Facts: 37,035; 39,185
Derivation: -(39,185 + 37,035) / 2
Answer: -38110

Question: How is  the number of ISUs determined?
Facts: The number of ISUs is based on the dollar value of the award and the average closing stock price of the Corporation for the previous twelve month period ending August 31
Answer: The number of ISUs is based on the dollar value of the award and the average closing stock price of the Corporation for the previous twelve month period ending August 31

Question: What was the compensation expense in August 2019?
Facts: $2,046,000
Answer: $2,046,000

Question: What was the granted ISUs in 2019?
Facts: 37,600
Answer: 37,600

Question: What was the increase / (decrease) in the Outstanding, beginning of the year from 2018 to 2019?
Facts: 101,538; 105,475
Derivation: 105,475 - 101,538
Answer: 3937

Question: What was the average granted from 2018 to 2019?
Facts: 37,600; 47,900
Derivation: (37,600 + 47,900) / 2
Answer: 42750

Question: What was the average distributed from 2018 to 2019?
Facts: 35,892; 44,470
Derivation: -(44,470 + 35,892) / 2
Answer: -40181

Question: What was the exchange rate in 2019?
Facts: 1.3222 USD/CDN.
Answer: 1.3222 USD/CDN.

Question: What was the exchange rate in 2018?
Facts: 1.3100 USD/CDN.
Answer: 1.3100 USD/CDN.

Question: What was the increase in EBITDA in fourth-quarter 2019?
Facts: 4.6%
Answer: 4.6%

Question: What is the increase / (decrease) in the Canadian broadband services from 2018 to 2019?
Facts: 166,181; 172,120
Derivation: 172,120 - 166,181
Answer: 5939 thousand

Question: What was the average Canadian broadband services?
Facts: 166,181; 172,120
Derivation: (172,120 + 166,181) / 2
Answer: 169150.5 thousand

Question: What was the average American broadband services from 2018 to 2019?
Facts: 109,937; 115,523
Derivation: (115,523 + 109,937) / 2
Answer: 112730 thousand

Question: What is the ownership of Cogeco in Cogeco Communications in terms of voting shares?
Facts: 82.3%
Answer: 82.3%

Question: What was the management fee prior to the methodology change?
Facts: 0.75% of the consolidated revenue from continuing and discontinued operations of the Corporation (0.85% for the period prior to the MetroCast acquisition on January 4, 2018)
Answer: 0.75% of the consolidated revenue from continuing and discontinued operations of the Corporation (0.85% for the period prior to the MetroCast acquisition on January 4, 2018)

Question: What was the management fee paid to Cogeco in 2019?
Facts: $19.9 million
Answer: $19.9 million

Question: What is the increase / (decrease) in the stock options from 2018 to 2019?
Facts: 1,046; 915
Derivation: 1,046 - 915
Answer: 131 thousand

Question: What was the average ISUs from 2018 to 2019?
Facts: 1; 61
Derivation: (61 + 1) / 2
Answer: 31 thousand

Question: What was the average DSUs from 2018 to 2019?
Facts: 0; 631
Derivation: (631 + 0) / 2
Answer: 315.5 thousand

Question: What were the income tax expense in 2019?
Facts: $83.7
Answer: $83.7 million

Question: What was the income tax recovery in 2019?
Facts: $17.2
Answer: $17.2 million

Question: When did  the Department of Finance Canada confirmed the acceleration of tax depreciation on most capital investments for property, plant and equipment acquired after November 20, 2018?
Facts: March 19, 2019
Answer: March 19, 2019

Question: What was the increase / (decrease) in the Profit before income taxes from 2018 to 2019?
Facts: 367,380; 440,563
Derivation: 440,563 - 367,380
Answer: 73183 thousand

Question: What was the average Income taxes at combined Canadian income tax rate?
Facts: 116,749; 97,356
Derivation: (116,749 + 97,356) / 2
Answer: 107052.5 thousand

Question: What was the average Tax impacts related to foreign operations between 2018 and 2019?
Facts: 22,099; 28,633
Derivation: - (28,633 + 22,099) / 2
Answer: -25366 thousand

Question: What was the average exchange rate in 2019?
Facts: 1.3255 USD/CDN.
Answer: 1.3255 USD/CDN.

Question: What was the average exchange rate in 2018?
Facts: 1.2773 USD/CDN.
Answer: 1.2773 USD/CDN.

Question: What was the increase in the operating expenses in 2019?
Facts: 19.5%
Answer: 19.5%

Question: What was the increase / (decrease) in the revenue from 2018 to 2019?
Facts: 1,036,853; 847,372
Derivation: 1,036,853 - 847,372
Answer: 189481 thousand

Question: What was the average operating expenses between 2018 and 2019?
Facts: 478,172; 571,208
Derivation: (571,208 + 478,172) / 2
Answer: 524690 thousand

Question: What was the increase / (decrease) in the Adjusted EBITDA from 2018 to 2019?
Facts: 369,200; 465,645
Derivation: 465,645 - 369,200
Answer: 96445 thousand

Question: What was the exchange rate in 2019?
Facts: 1.3222 USD/CDN.
Answer: 1.3222 USD/CDN.

Question: What was the exchange rate in 2018?
Facts: 1.3100 USD/CDN.
Answer: 1.3100 USD/CDN.

Question: What was the increase in revenue in fourth-quarter 2019?
Facts: 3.1%
Answer: 3.1%

Question: What is the increase / (decrease) in the Canadian broadband services from 2018 to 2019?
Facts: 319,741; 319,935
Derivation: 319,935 - 319,741
Answer: 194 thousand

Question: What was the average Canadian broadband services from 2018 to 2019?
Facts: 319,741; 319,935
Derivation: (319,935 + 319,741) / 2
Answer: 319838 thousand

Question: What was the average American broadband services from 2018 to 2019?
Facts: 246,443; 263,738
Derivation: (263,738 + 246,443) / 2
Answer: 255090.5 thousand

Question: What was the 2019 exchange rate?
Facts: 1.3255 USD/CDN.
Answer: 1.3255 USD/CDN.

Question: What was the adjusted EBITDA margin in 2019?
Facts: 47.5%
Answer: 47.5%

Question: What was the exchange rate in 2018?
Facts: 1.2773 USD/CDN.
Answer: 1.2773 USD/CDN.

Question: What is the increase / (decrease) in revenue from 2018 to 2019?
Facts: 2,147,404; 2,331,820
Derivation: 2,331,820 - 2,147,404
Answer: 184416 thousand

Question: What was the average operating expenses between 2018 and 2019?
Facts: 1,121,625; 1,203,980
Derivation: (1,203,980 + 1,121,625) / 2
Answer: 1162802.5 thousand

Question: What was the increase / (decrease) in the Adjusted EBITDA from 2018 to 2019?
Facts: 1,006,818; 1,107,940
Derivation: 1,107,940 - 1,006,818
Answer: 101122 thousand

Question: What is the rate at which Fiscal 2019 actuals are translated at the average foreign exchange rate of the comparable period of fiscal 2018?
Facts: 1.3100 USD/CDN
Answer: 1.3100 USD/CDN

Question: Why did the Fiscal 2019 fourth-quarter acquisitions of property, plant and equipment decreased?
Facts: lower capital expenditures in the Canadian and American broadband services segments.
Answer: lower capital expenditures in the Canadian and American broadband services segments.

Question: What led to Fiscal 2019 fourth-quarter capital intensity reach 24.9%?
Facts: lower capital capital expenditures combined with higher revenue.
Answer: lower capital capital expenditures combined with higher revenue.

Question: What is the increase/ (decrease) Canadian broadband services from 2018 to 2019?
Facts: 79,132; 89,405
Derivation: 79,132-89,405
Answer: -10273 thousand

Question: What is the increase/ (decrease) American broadband services from 2018 to 2019?
Facts: 65,967; 72,914
Derivation: 65,967-72,914
Answer: -6947 thousand

Question: What is the increase/ (decrease) Consolidated from 2018 to 2019?
Facts: 145,099; 162,319
Derivation: 145,099-162,319
Answer: -17220 thousand

Question: What was the eligible quarterly dividends in August 2019?
Facts: $0.525
Answer: $0.525

Question: What was the eligible quarterly dividends in August 2018?
Facts: $0.475
Answer: $0.475

Question: What was the declared quarterly dividend for multiple voting and subordinate voting shares in 2019?
Facts: $0.58
Answer: $0.58

Question: What was the increase / (decrease) in the Dividends on multiple voting shares from 2018 to 2019?
Facts: 29,813; 32,951
Derivation: 32,951 - 29,813
Answer: 3138 thousand

Question: What was the average Dividends on subordinate voting shares from 2018 to 2019?
Facts: 63,886; 70,757
Derivation: (70,757 + 63,886) / 2
Answer: 67321.5 thousand

Question: What was the average Dividends on multiple voting shares from 2018 to 2019?
Facts: 29,813; 32,951
Derivation: (32,951 + 29,813) / 2
Answer: 31382 thousand

Question: What percentage of non-controlling interest represents a participation in Atlantic Broadband?
Facts: 21%
Answer: 21%

Question: What was the increase / (decrease) in the profit for the year from continuing operations?
Facts: 7.2%
Answer: 7.2%

Question: By what percentage did the profit for the year attributable to owners of the Corporation increased by?
Facts: 18.4%
Answer: 18.4%

Question: What was the increase / (decrease) in the Profit for the year from continuing operations from 2018 to 2019?
Facts: 356,908; 384,578
Derivation: 356,908 - 384,578
Answer: -27670 thousand

Question: What was the average Profit for the year between 2018 and 2019?
Facts: 360,197; 432,288
Derivation: (432,288 + 360,197) / 2
Answer: 396242.5 thousand

Question: What was the increase / (decrease) in the Basic earnings per share from continuing operations from 2018 to 2019?
Facts: 6.89; 7.61
Derivation: 6.89 - 7.61
Answer: -0.72

Question: What are the objectives of the PSU plans?
Facts: The objectives of the PSU Plan are to retain executive officers and designated employees, to align their interests with those of the shareholders and to sustain positive corporate performance, as measured by an economic value creation formula, a performance measure used by management.
Answer: The objectives of the PSU Plan are to retain executive officers and designated employees, to align their interests with those of the shareholders and to sustain positive corporate performance, as measured by an economic value creation formula, a performance measure used by management.

Question: How is the number of PSUs calculated?
Facts: The number of PSUs is based on the dollar value of the award and the average closing stock price of the Corporation for the previous twelve month period ending August 31.
Answer: The number of PSUs is based on the dollar value of the award and the average closing stock price of the Corporation for the previous twelve month period ending August 31.

Question: How many PSUs were granted for the year ended August 31, 2019?
Facts: 14,625
Answer: 14,625

Question: What is the increase / (decrease) in the granted from 2018 to 2019?
Facts: 45,800; 65,525
Derivation: 45,800 - 65,525
Answer: -19725

Question: What is the average Performance-based additional units granted from 2018 to 2019?
Facts: 2,639; 200
Derivation: (200 + 2,639) / 2
Answer: 1419.5

Question: What is the average distributed from 2018 to 2019?
Facts: 41,441; 43,319
Derivation: -(43,319 + 41,441) / 2
Answer: -42380

Question: What was the financial expense decrease in fourth-quarter 2019?
Facts: 15.2%
Answer: 15.2%

Question: What was the reimbursement in 2019 fourth quarter?
Facts: $65 million and US$35 million
Answer: $65 million and US$35 million

Question: What was the percentage decrease in the interest on long-term debt from 2018 to 2019?
Facts: 10.4
Answer: 10.4 percent

Question: What was the increase / (decrease) in the interest on long-term debt from 2018 to 2019?
Facts: 41,307; 46,127
Derivation: 41,307 - 46,127
Answer: -4820 thousand

Question: What was the average Amortization of deferred transaction costs from 2018 to 2019?
Facts: 441; 464
Derivation: (464 + 441) / 2
Answer: 452.5 thousand

Question: What was the increase / (decrease) in total financial expense from 2018 to 2019?
Facts: 40,437; 47,709
Derivation: 40,437 - 47,709
Answer: -7272 thousand

Question: What was the exchange rate for the three-month period ended August 31, 2019?
Facts: 1.3222 USD/CDN
Answer: 1.3222 USD/CDN

Question: What was the exchange rate for the three-month period ended august 2018?
Facts: 1.3100 USD/CDN
Answer: 1.3100 USD/CDN

Question: What was the increase in the operating expenses in 2019 fourth-quarter fiscal year?
Facts: 1.6%
Answer: 1.6%

Question: What was the increase / (decrease) in the Canadian broadband services from three months ended August 31, 2018 to 2019?
Facts: 147,815; 153,560
Derivation: 147,815 - 153,560
Answer: -5745 thousand

Question: What was the average American broadband services from three months ended August 31, 2018 to 2019?
Facts: 136,506; 148,215
Derivation: (148,215 + 136,506) / 2
Answer: 142360.5 thousand

Question: What was the increase / (decrease) in the Inter-segment eliminations and other from three months ended August 31, 2018 to 2019?
Facts: 6,803; 7,911
Derivation: 6,803 - 7,911
Answer: -1108 thousand

Question: What is the basis for the doubtful accounts receivable calculation?
Facts: The doubtful accounts allowance is calculated on a specific-identification basis for larger customer accounts receivable and on a statistically derived basis for the remainder.
Answer: The doubtful accounts allowance is calculated on a specific-identification basis for larger customer accounts receivable and on a statistically derived basis for the remainder.

Question: What was the other accounts receivable in 2019?
Facts: 8,390
Answer: 8,390 thousand

Question: What is the trade accounts receivable in 2019?
Facts: 74,021
Answer: 74,021 thousand

Question: What is the increase / (decrease) in the trade accounts receivable from 2018 to 2019?
Facts: 74,021; 95,541
Derivation: 74,021 - 95,541
Answer: -21520 thousand

Question: What was the average allowance for doubtful accounts from 2018 to 2019?
Facts: 6,497; 6,759
Derivation: -(6,759 + 6,497) / 2
Answer: -6628 thousand

Question: What is the average other accounts receivable from 2018 to 2019?
Facts: 8,250; 8,390
Derivation: (8,390 + 8,250) / 2
Answer: 8320 thousand

Question: What was the foreign exchange rate used for the three-month period ended 2019?
Facts: 1.3222 USD/CDN.
Answer: 1.3222 USD/CDN.

Question: What was the foreign exchange rate used For the three-month period ended 2018?
Facts: 1.3100 USD/CDN.
Answer: 1.3100 USD/CDN.

Question: What was the Adjusted EBITDA margin in fourth quarter fiscal year 2019?
Facts: 47.2%
Answer: 47.2%

Question: What was the increase / (decrease) in the revenue from three months ended August 31, 2018 to 2019?
Facts: 566,184; 583,673
Derivation: 583,673 - 566,184
Answer: 17489 thousand

Question: What was the average operating expenses from three months ended August 31, 2018 to 2019?
Facts: 297,977; 302,833
Derivation: (302,833 + 297,977) / 2
Answer: 300405 thousand

Question: What was the increase / (decrease) in the Adjusted EBITDA margin from three months ended August 31, 2018 to 2019?
Facts: 46.5; 47.2
Derivation: 47.2% - 46.5%
Answer: 0.7 percent

Question: What is the definition of trade accounts receivable past due?
Facts: Trade accounts receivable past due is defined as the amount outstanding beyond normal credit terms and conditions for the respective customers.
Answer: Trade accounts receivable past due is defined as the amount outstanding beyond normal credit terms and conditions for the respective customers.

Question: What is the trade accounts receivable in 2019 less than 60 days past due?
Facts: 18,645
Answer: 18,645 thousand

Question: What is the trade accounts receivable in 2018 less than 60 days past due?
Facts: 32,857
Answer: 32,857 thousand

Question: What was the increase / (decrease) in trade accounts receivable less than 60 days past due?
Facts: 18,645; 32,857
Derivation: 18,645 - 32,857
Answer: -14212 thousand

Question: What was the average trade accounts receivable 60 to 90 days past due?
Facts: 3,022; 899
Derivation: (899 + 3,022) / 2
Answer: 1960.5 thousand

Question: What was the average trade accounts receivable more than 90 days past due?
Facts: 3,074; 4,923
Derivation: (3,074 + 4,923) / 2
Answer: 3998.5 thousand

Question: How does the corporation measure its performance?
Facts: The Corporation measures its performance, with regard to these objectives by monitoring revenue, adjusted EBITDA(1), free cash flow(1) and capital intensity(1) on a constant currency basis(1).
Answer: The Corporation measures its performance, with regard to these objectives by monitoring revenue, adjusted EBITDA(1), free cash flow(1) and capital intensity(1) on a constant currency basis(1).

Question: When were the fiscal 2019 financial guidelines revised?
Facts: February 27, 2019
Answer: February 27, 2019

Question: What was the status of achievement of projections in 2019 for revenue?
Facts: Achieved
Answer: Achieved

Question: What was the increase / (decrease) in the revenue from 2018 to 2019?
Facts: 2,147; 2,294
Derivation: 2,294 - 2,147
Answer: 147 million

Question: What was the average Adjusted EBITDA between 2018 to 2019?
Facts: 1,007; 1,092
Derivation: (1,007 + 1,092) / 2
Answer: 1049.5 million

Question: What was the increase / (decrease) in Free Cash flow from 2018 to 2019?
Facts: 302; 453
Derivation: 453 - 302
Answer: 151 million

Question: How much was the Fiscal 2019 fourth-quarter profit for the period increase from continuing operations?
Facts: 21.8%
Answer: 21.8%

Question: How much was the profit increase for the period from continuing operations attributable to owners of the Corporation?
Facts: 20.8%
Answer: 20.8%

Question: What led to increase in the Fiscal 2019 fourth-quarter profit for the period and profit for the period attributable to owners of the Corporation?
Facts: mainly due to a profit for the period from discontinued operations of $1.9 million due to working capital adjustments during the fourth quarter related to the sale of Cogeco Peer 1 compared to a loss for the period from discontinued operations of $1.1 million for the comparable period of the prior year in addition to the elements mentioned above.
Answer: mainly due to a profit for the period from discontinued operations of $1.9 million due to working capital adjustments during the fourth quarter related to the sale of Cogeco Peer 1 compared to a loss for the period from discontinued operations of $1.1 million for the comparable period of the prior year in addition to the elements mentioned above.

Question: What is the increase/ (decrease) in Profit for the period from continuing operations from 2018 to 2019?
Facts: 75,870; 92,403
Derivation: 92,403-75,870
Answer: 16533 thousand

Question: What is the increase/ (decrease) in Profit for the period from continuing operations attributable to owners of the Corporation from 2018 to 2019?
Facts: 72,753; 87,850
Derivation: 87,850-72,753
Answer: 15097 thousand

Question: What is the increase/ (decrease) in Profit for the period attributable to owners of the Corporation from 2018 to 2019?
Facts: 71,701; 89,770
Derivation: 89,770-71,701
Answer: 18069 thousand

Question: What was the reimbursement amount under the Canadian Revolving Facility during the second quarter of 2019?
Facts: $65 million and US$35 million
Answer: $65 million and US$35 million

Question: What was the early reimbursement amount of Senior Unsecured Notes in the third quarter of 2018?
Facts: US$400 million
Answer: US$400 million

Question: What was the redemption premium in third quarter of 2018?
Facts: $6.2 million redemption premium
Answer: $6.2 million redemption premium

Question: What was the increase / (decrease) in the interest on long-term debt from 2018 to 2019?
Facts: 176,798; 179,680
Derivation: 176,798 - 179,680
Answer: -2882 thousand

Question: What was the average net foreign exchange gains between 2018 and 2019?
Facts: 2,134; 2,744
Derivation: - (2,744 + 2,134) / 2
Answer: -2439 thousand

Question: What was the increase / (decrease) in the amortization of deferred transactions costs from 2018 to 2019?
Facts: 1,836; 1,884
Derivation: 1,836 - 1,884
Answer: -48 thousand

Question: Where is the activities of Canadian broadband services carried out?
Facts: Québec and Ontario
Answer: Québec and Ontario

Question: Where is the activities of American broadband services carried out?
Facts: 11 states: Connecticut, Delaware, Florida, Maine, Maryland, New Hampshire, New York, Pennsylvania, South Carolina, Virginia and West Virginia.
Answer: 11 states: Connecticut, Delaware, Florida, Maine, Maryland, New Hampshire, New York, Pennsylvania, South Carolina, Virginia and West Virginia.

Question: What are the services provided by Canadian and American broadband?
Facts: a wide range of Internet, video and telephony services primarily to residential customers as well as business services across their coverage areas
Answer: a wide range of Internet, video and telephony services primarily to residential customers as well as business services across their coverage areas

Question: What is the average Revenue between Canadian and American broadband services for year ended August 31, 2019?
Facts: 1,036,853; 1,294,967
Derivation: (1,294,967+1,036,853)/ 2
Answer: 1165910 thousand

Question: What are the average Operating expenses from Canadian and American broadband services for year ended August 31, 2019?
Facts: 571,208; 606,286
Derivation: (606,286+571,208 ) / 2
Answer: 588747 thousand

Question: What is the average Integration, restructuring and acquisition costs from Canadian and American broadband services for year ended August 31, 2019?
Facts: 1,851; 9,299
Derivation: (9,299+1,851) / 2
Answer: 5575 thousand

Question: What was the exchange rate in 2019?
Facts: 1.3255 USD/CDN.
Answer: 1.3255 USD/CDN.

Question: What was the exchange rate in 2018?
Facts: 1.2773 USD/CDN.
Answer: 1.2773 USD/CDN.

Question: What was the increase in 2019 EBITDA?
Facts: 10.0%
Answer: 10.0%

Question: What was the increase / (decrease) in Canadian broadband services from 2018 to 2019?
Facts: 681,020; 688,681
Derivation: 688,681 - 681,020
Answer: 7661 thousand

Question: What was the average American broadband services between 2018 and 2019?
Facts: 369,200; 465,645
Derivation: (465,645 + 369,200) / 2
Answer: 417422.5 thousand

Question: What was the increase / (decrease) in the Inter-segment eliminations and other from 2018 to 2019?
Facts: 43,402; 46,386
Derivation: (-46,386) - (-43,402)
Answer: -2984 thousand

Question: Why did the Fiscal 2019 fourth-quarter Internet service customers net additions stood at 2,540 compared to net losses of 2,965 for the same period of the prior year?
Facts: • the ongoing interest in high speed offerings; • the sustained interest in bundle offers; and • the increased demand from Internet resellers; partly offset by • competitive offers in the industry.
Answer: • the ongoing interest in high speed offerings; • the sustained interest in bundle offers; and • the increased demand from Internet resellers; partly offset by • competitive offers in the industry.

Question: Why did the Fiscal 2019 fourth-quarter video service customers net losses stood at 8,164 compared to 15,953 for the same period of the prior year?
Facts: • highly competitive offers in the industry; and • a changing video consumption environment; partly offset by • customers' ongoing interest in digital advanced video services; and • customers' interest in video services bundled with fast Internet offerings.
Answer: • highly competitive offers in the industry; and • a changing video consumption environment; partly offset by • customers' ongoing interest in digital advanced video services; and • customers' interest in video services bundled with fast Internet offerings.

Question: Why did the Fiscal 2019 fourth-quarter telephony service customers net additions amounted to 2,778 compared to net losses 16,900 for the same period of the prior year?
Facts: • more telephony bundles due to additional promotional activity in the second half of fiscal 2019; and • growth in the business sector; partly offset by • increasing wireless penetration in North America and various unlimited offers launched by wireless operators causing some customers to cancel their landline telephony services for wireless telephony services only.
Answer: • more telephony bundles due to additional promotional activity in the second half of fiscal 2019; and • growth in the business sector; partly offset by • increasing wireless penetration in North America and various unlimited offers launched by wireless operators causing some customers to cancel their landline telephony services for wireless telephony services only.

Question: What is the increase/ (decrease) Primary service units of Net additions (losses) from 2018 to 2019?
Facts: 2,846; 35,818
Derivation: (-2,846)-(-35,818)
Answer: 32972

Question: What is the increase/ (decrease) Internet service customers of Net additions (losses) from 2018 to 2019?
Facts: 2,540; 2,965
Derivation: 2,540-(-2,965)
Answer: 5505

Question: What is the increase/ (decrease) Video service customers of Net additions (losses) from 2018 to 2019?
Facts: 15,953; 8,164
Derivation: (-8,164)-(-15,953)
Answer: 7789

Question: What were the total number of internet service customers net additions in fourth quarter 2019? 
Facts: 2,441
Answer: 2,441

Question: What were the total number of video service customers net additions in fourth quarter 2019? 
Facts: 5,294
Answer: 5,294

Question: What were the total number of telephony service customers net losses in fourth quarter 2019? 
Facts: 304
Answer: 304

Question: What was the increase / (decrease) in Net additions (losses) for the Primary service units from 31 Aug 2018 to 31 Aug 2019?
Facts: 2,797; 7,431
Derivation: 7,431 - 2,797
Answer: 4634

Question: What was the average Net additions (losses) for internet service customers?
Facts: 2,441; 4,693
Derivation: (2,441 + 4,693) / 2
Answer: 3567

Question: What was the average Net additions (losses) for video service customers?
Facts: 2; 3,046; 5,294
Derivation: (5,294 + (- 3,046)) / 2
Answer: 1124

Question: What was the increase in the operating activities in fourth-quarter 2019?
Facts: 19.3%
Answer: 19.3%

Question: What was reason for the increase in changes in non-cash operating activities?
Facts: primarily due to changes in working capital.
Answer: primarily due to changes in working capital.

Question: What was the decrease in the investing activities in 2019?
Facts: 25.8%
Answer: 25.8%

Question: What was the increase / (decrease) in cash flow from operating activities from 2018 to 2019?
Facts: 255,438; 304,702
Derivation: 304,702 - 255,438
Answer: 49264 thousand

Question: What was the average Cash flow from investing activities?
Facts: 144,332; 194,474
Derivation: -(144,332 + 194,474) / 2
Answer: -169403 thousand

Question: What was the average Cash flow from financing activities?
Facts: 50,198; 52,127
Derivation: -(50,198 + 52,127) / 2
Answer: -51162.5 thousand

Question: What percentage of outstanding subordinate shares are available for issuance under the corporation offer?
Facts: 10%
Answer: 10%

Question: What maximum percentage of employee's base annual salary can be used for Employee Stock Purchase Plan?
Facts: 7%
Answer: 7%

Question: What is the total number of shares under Stock option plan A?
Facts: 3,432,500 subordinate voting shares
Answer: 3,432,500 subordinate voting shares

Question: What is the increase / (decrease) in the Options Outstanding, beginning of the year shares from 2018 to 2019?
Facts: 652,385; 819,393
Derivation: 819,393 - 652,385
Answer: 167008

Question: What is the average options granted from 2018 to 2019?
Facts: 201,525; 281,350
Derivation: (201,525 + 281,350) / 2
Answer: 241437.5

Question: What is the average Outstanding, end of the year options from 2018 to 2019?
Facts: 715,614; 819,393
Derivation: (715,614 + 819,393) / 2
Answer: 767503.5

Question: What was the average foreign exchange rate of fiscal 2018?
Facts: 1.2773 USD/CDN
Answer: 1.2773 USD/CDN

Question: What caused the decrease in the Canadian broadband services segment?
Facts: a decline in primary service units in the fourth quarter of fiscal 2018 and the first quarter of 2019 from lower service activations primarily due to issues resulting from the implementation of a new customer management system; partly offset by ◦ rate increases; and ◦ higher net pricing from consumer sales.
Answer: a decline in primary service units in the fourth quarter of fiscal 2018 and the first quarter of 2019 from lower service activations primarily due to issues resulting from the implementation of a new customer management system; partly offset by ◦ rate increases; and ◦ higher net pricing from consumer sales.

Question: What was the Canadian broadband services in 2019?
Facts: 1,294,967
Answer: 1,294,967 million

Question: What is the increase / (decrease) in Canadian broadband services from 2018 to 2019?
Facts: 1,294,967; 1,299,906
Derivation: 1,294,967 - 1,299,906
Answer: -4939 million

Question: What was the average American broadband services between 2018 and 2019?
Facts: 1,036,853; 847,372
Derivation: (1,036,853 + 847,372) / 2
Answer: 942112.5 million

Question: What was the increase / (decrease) of Inter-segment eliminations and other from 2018 to 2019?
Facts: 0; 126
Derivation: 0 - 126
Answer: -126 million

Question: What was the increase in the depreciation and amortization expense in 2019?
Facts: 10.9%
Answer: 10.9%

Question: Fiscal 2018 was reinstated to which accounting standard?
Facts: IFRS 15
Answer: IFRS 15

Question: What was the Depreciation of property, plant and equipment in 2019?
Facts: 423,432
Answer: 423,432 thousand

Question: What was the increase / (decrease) in the Depreciation of property, plant and equipment from 2018 to 2019?
Facts: 387,726; 423,432
Derivation: 423,432 - 387,726
Answer: 35706 thousand

Question: What was the average Amortization of intangible assets between 2018 and 2019?
Facts: 45,928; 57,293
Derivation: (57,293 + 45,928) / 2
Answer: 51610.5 thousand

Question: What was the increase / (decrease) in Amortization of intangible assets from 2018 to 2019?
Facts: 45,928; 57,293
Derivation: 57,293 - 45,928
Answer: 11365 thousand