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- Revenue of $111.2 million for Q4/07, up 22% over Q4/06
- Diluted earnings per share of 45 cents for Q4/07, after a reduction of 20 cents per share related to a reduction in the value of the future tax asset
- Diluted earnings per share prior to a reduction in the value of the future tax asset* was 65 cents, an increase of 23% over Q4/06
- Cash flows from operations of $53.2 million in Q4/07, an increase of 39% from Q4/06
- Full year 2007 revenue of $424.7 million, up 20% over 2006
- Full year 2007 net income of $148.7 million, up 13% over 2006
- Full year 2007 cash flows from operations of $221.7 million, an increase of 17% from 2006
TSX Group Inc. [TSX:X] announced results for the fourth quarter and full year ended December 31, 2007:
Revenue in Q4/07 was $111.2 million, up 22% as compared with $91.0 million in Q4/06, reflecting increased revenue in the primary revenue streams of issuer services, trading and market data. Net income for Q4/07 decreased by 13% over Q4/06 to $30.4 million, or 46 cents per share (45 cents on a diluted basis), largely due to a reduction in the value of the future tax asset. Earnings per share prior to a reduction in the value of the future tax asset was 66 cents (65 cents on a diluted basis). The future tax asset was reduced, and income tax expense increased by $13.3 million, primarily as a result of decreases in federal corporate income tax rates which were enacted in December 2007. The adjustment had no impact on cash flows and resulted in a reduction in net income of $13.3 million, or 20 cents per share (on both a basic and diluted basis).
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