CONSOLIDATED FINANCIAL STATEMENTS Consolidated Statements of Income (In millions of Canadian dollars, except per share amounts) 2013 ANNUAL REPORT ROGERS COMMUNICATIONS INC. 89 The accompanying notes are an integral part of the consolidated financial statements. Years ended December 31 Note 2013 2012 Operating revenue 3 $ 12,706 $ 12,486 Operating expenses: Operating costs 4 7,797 7,729 Restructuring, acquisition and other expenses 8 85 92 Depreciation and amortization 12, 13 1,898 1,819 Impairment of assets 13 – 80 Operating income 2,926 2,766 Finance costs 5 (742) (671) Other income 7, 14, 25 81 250 Income before income taxes 2,265 2,345 Income tax expense 9 (596) (620) Net income from continuing operations 1,669 1,725 Loss from discontinued operations, net of tax 6 – (32) Net income for the year $ 1,669 $ 1,693 Earnings per share – basic: Earnings per share from continuing operations 10 $ 3.24 $ 3.32 Loss per share from discontinued operations 10 – (0.06) Earnings per share – basic $ 3.24 $ 3.26 Earnings per share – diluted: Earnings per share from continuing operations 10 $ 3.22 $ 3.30 Loss per share from discontinued operations 10 – (0.06) Earnings per share – diluted $ 3.22 $ 3.24