Given the unprecedented situation we are facing, I am particularly proud of the 10.6% peak recorded by the LCN all‑news specialty channel, which strengthened its position as Québec's most‑watched specialty channel with an exceptional 5.1‑point increase in the second quarter," added France Lauzière. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. The Corporation believes that the repurchase of these shares under this normal course issuer bid is in the best interests of the Corporation and its shareholders.
Adjusted EBITDA: $912.4 million, a $36.7 million (4.2%) increase. 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. Expanding our complement of performance spaces positions us to create a diversified ecosystem for the benefit of promoters, artists and everyone who loves music and culture," explained Martin Tremblay, Chief Operating Officer of Quebecor's Sports and Entertainment Group. The Corporation uses adjusted income from continuing operating activities to analyze trends in the performance of its businesses. 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. The conference call will also be broadcast live on Quebecor's website at www.quebecor.com/en/investors/conferences-and-annual-meeting. MONTRÉAL, May 14, 2020 /CNW Telbec/ - Quebecor Inc. ("Quebecor" or the "Corporation") today reported its consolidated financial results for the first quarter of 2020. 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.
It will come into effect on August 15, 2020 and terminate on the same date as the normal course issuer bid.
In addition, to support employees who find themselves without work during this crisis and protect their financial security, we are providing them with financial benefits in addition to the government assistance programs," added Pierre Karl Péladeau. During the health crisis, this program provides financial assistance in addition to the Canada Emergency Wage Subsidy or the Canada Emergency Response Benefit programs. Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to The plan received prior approval from the TSX. Driven by their determination to deliver the best possible customer experience, all of Quebecor's subsidiaries and brands are differentiated by their high‑quality, multiplatform, convergent products and services. 2 Reconciliation to cash flows used for additions to intangible assets as per condensed consolidated financial statements: Net increase (decrease) in current accounts payable related to additions to intangible assets, Cash flows used for additions to intangible assets. is responsible for overseeing the methodology that supports the quantitative fair value. There is no one analyst in which a Quantitative Star Rating and Fair Value Estimate is 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. In the first half of 2019, 180,000 Class B Shares were issued upon exercise of stock options for a cash consideration of $2.7 million. Quebecor discloses plan to invest in Cirque du Soleil. Quebecor Media, Inc.: Québecor Media’s buy-back of CDP’s 18.5% minority interest is credit negative, but ratings are unchanged Moody's Investors Service 02 May 2018 Adjusted EBITDA as defined above is not a measure of results that is consistent with IFRS. attributed to; however, Mr. Lee Davidson, Head of Quantitative Research for Morningstar, Inc., Free cash flows from continuing operating activities is not a measure of liquidity that is consistent with IFRS. Free cash flows from continuing operating activities. The media segment operation of an over-the-air television network and specialty television services, soundstage and equipment leasing and post-production services for the film and television industries. Highlights 2018 financial year and recent developments Table 3 provides a reconciliation of adjusted EBITDA to net income as disclosed in Quebecor's condensed consolidated financial statements.
Companies withratings are not formally covered by a Morningstar analyst, but are The Corporation uses ABPU, an industry metric, as a key performance indicator. Cash flows from continuing operating activities: $393.5 million, a $104.3 million increase due primarily to the favourable net change in non‑cash balances related to operating activities. Cash flows related to operating activities, Depreciation of property, plant and equipment, Amortization of financing costs and long-term debt discount, Net change in non-cash balances related to operating activities, Cash flows related to investing activities, Cash flows used in continuing investing activities, Cash flows related to financing activities, Dividends paid to non-controlling interests, Cash flows (used in) provided by continuing financing activities, Cash flows (used in) provided by continuing operations, Cash flows provided by (used in) discontinued operations, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, Interest and taxes reflected as operating activities, Cash income tax payments (net of refunds), Accounts payable, accrued charges and provisions, View original content:http://www.prnewswire.com/news-releases/quebecor-inc-reports-consolidated-results-for-the-second-quarter-2020-301107167.html, Net income attributable to non‑controlling interest related to. Cash portion related to restructuring of operations and other items, Net change in non‑cash balances related to operating activities, Cash flows used for additions to property, plant and equipment, Cash flows used for additions to intangible assets (excluding licence acquisitions and renewals), Cash flows provided by continuing operating activities.
A limitation of this measure, however, is that it does not reflect the periodic costs of tangible and intangible assets used in generating revenues in the Corporation's segments. click RGU is not a measurement that is consistent with IFRS and the Corporation's definition and calculation of RGU may not be the same as identically titled measurements reported by other companies or published by public authorities. Instructions and links to free player downloads are available at the Internet address shown above. Total ABPU is calculated by dividing the combined average subscription billing for cable Internet, cable television, Club illico, mobile telephony and cable telephony services by the total average number of RGUs from cable Internet, cable television, mobile telephony and cable telephony services during the applicable period, and then dividing the resulting amount by the number of months in the applicable period. Privacy Notice, and