Investor Presentaiton
26
EXCELLENCE
INNOVATION
PEOPLE
GROWTH
STN
TSX NYSE
Adoption of IFRS 16
Q4 19
(millions of Canadian dollars except where noted)
as reported
Q4 19
excluding
IFRS 16
Increase
(decrease)
2019
as reported
2019
excluding
IFRS 16
Increase
(decrease)
Impact on income statement items
Administrative and marketing expenses
348.5
385.7
(37.2)
1,433.6
1,576.6
(143.0)
Depreciation of lease assets
30.6
30.6
115.8
115.8
Net interest expense
17.5
9.7
7.8
69.6
37.3
32.3
Net income
42.4
43.3
(0.9)
194.4
198.1
(3.7)
Impact on non-IFRS financial measures (1)
EBITDA
140.0
102.8
37.2
576.0
433.0
143.0
Adjusted EBITDA
142.8
105.6
37.2
574.4
431.4
143.0
Net debt/adjusted EBITDA
1.1x
1.5x
(0.4)x
(1) Non-IFRS measures are discussed in the Definitions section of our 2019 Annual Report.View entire presentation