Three-Year Review – Financial Information*

(in thousands of dollars)   20071   20062   2005
Revenue:            
Issuer Services $ 133,939 $ 108,483 $ 87,724
Trading and related   169,237   146,253   125,532
Market data   110,241   86,941   67,430
Business services and other   11,307   11,170   9,278
  $ 424,724 $ 352,847 $ 289,964
             
Expenses   181,600   148,296   139,192
             
Income from operations $ 243,124 $ 204,551 $ 150,772
Income (loss) from investment in affiliate   374   (82)   (693)
Investment income   13,899   14,425   6,876
Income taxes   108,700   87,370   53,602
Net Income $ 148,697 $ 131,524 $ 103,353
             
Operating cash flow $ 221,680 $ 189,528 $ 167,126
Working capital   254,281   267,065   212,901
Total Assets   1,523,919   1,572,838   1,557,225
Shareholders’ Equity   171,910   226,955   177,795
             
             

 

* Certain comparative figures have been reclassified to conform with the financial presentation adopted in the current year.
1 The financial results of The Equicom Group Inc. acquired June 1, 2007 have been included in these results from and after acquisition.
2 The financial results of Oxen Inc., which owns Alberta Watt Exchange Limited (acquired October 2, 2006), Scotia Capital Inc.’s Fixed Income Indices, PC-Bond® and related assets (acquired October 25, 2006) and Shorcan (acquired December 1, 2006), have been included in these results from and after acquisition.