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Badger Income Fund announces results for the year ended December 31, 2007
TSX-BAD.UN CALGARY, March 19 /CNW/ - Badger Income Fund ("Badger" or the "Fund") is pleased to an...
About this update from Badger Infrastructure Solutions Ltd
[{"type":"text","content":"\n\n\n\nTSX-BAD.UN\n\n\nCALGARY, March 19 /CNW/ - Badger Income Fund ("Badger" or the "Fund") is\npleased to announce its results for the year and three months ended December\n31, 2007.\n\n\nFinancial Highlights\n($ thousands, except per unit and total units outstanding information)\n\n Three Three\n months months Year Year\n ended ended ended ended\n December 31, December 31, December 31, December 31,\n 2007 2006 2007 2006\n ----------------------------------------------------\nRevenues 33,356 25,622 117,688 98,371\n\nEBITDA(1) 8,901 7,307 32,294 28,895\n\nEarnings before\n income taxes 5,762 4,845 20,783 19,832\n\nTaxes\n Current 199 183 818 687\n Future (254) 3 3,242 2,648\n\nNet earnings 5,817 4,659 16,723 16,497\n\nNet earnings per\n unit - diluted 0.54 0.43 1.55 1.53\n\nFunds generated\n from operations(2) 8,506 6,820 31,818 27,855\n\nFunds generated\n from operations\n per unit - diluted 0.79 0.63 2.96 2.59\n\nMaintenance capital\n expenditures(3) 964 - 3,219 3,170\n\nLong-term debt\n repayments 27 27 109 109\n\nCash available for\n growth and\n distribution(4) 7,777 6,794 29,013 25,291\n\nCash distributions\n declared 3,390 3,389 13,558 13,246\n\nGrowth capital\n expenditures(3) 5,573 8,650 12,758 19,304\n\nTotal units\n outstanding 10,761,668 10,758,618 10,761,668 10,758,618\n\n\nThe following financial measures do not have any standardized meaning\nprescribed by Canadian generally accepted accounting principles (GAAP) and may\nnot be comparable to similar measures as presented by other funds or entities:\n\n\n(1) Earnings before interest, taxes, depreciation and amortization\n\n\n(EBITDA) is a measure of the Fund's operating profitability and is\n\n\ntherefore useful to management and investors. EBITDA provides an\n\n\nindication of the results generated by the Fund's principal business\n\n\nactivities prior to how these activities are financed, assets are\n\n\namortized or how the results are taxed in various jurisdictions. EBITDA\n\n\nis calculated from the Consolidated Statements of Earnings and\n\n\nComprehensive Income and Retained Earnings as gross margin, less selling,\n\n\ngeneral and administrative costs and foreign exchange loss (gain).\n\n\n(2) Funds generated from operations is used to assist management and\n\n\ninvestors in analyzing operating performance and leverage. It is not\n\n\nin...