Onex Corporation
TSX : OCX

Onex Corporation

November 13, 2006 08:00 ET

Onex Third-Quarter Revenues Up 17%, Net Earnings Up 138%

TORONTO, ONTARIO--(CCNMatthews - Nov. 13, 2006) -

All amounts in Canadian dollars unless otherwise stated

Onex Corporation (TSX:OCX) today reported its consolidated financial results for the third quarter and nine months ended September 30, 2006.

Third-quarter results:

- Revenues were $4.9 billion, up $726 million, or 17%, from $4.2 billion reported for the third quarter of 2005.

- Operating earnings grew to $192 million in the third quarter of 2006 from $69 million in the same quarter of last year (up 178%).

- Net earnings were $31 million ($0.24 per share) compared to net earnings of $13 million ($0.09 per share) for the third quarter of 2005 (up 138%).

- Cash from operations for the quarter totalled $161 million compared to $43 million in the same quarter of last year (up 274%).

First nine months results:

- Revenues grew 21% to $14.0 billion from $11.6 billion for the first nine months of last year.

- Operating earnings were $685 million, up 77% from the first nine months of last year.

- Net earnings were $758 million ($5.66 per share) compared to $973 million ($7.00 per share) for the nine months ended September 30, 2005. There were net gains (continuing and discontinuing operations) of $764 million recorded in the first nine months of 2006 compared to $1,005 million for the first nine months of 2005.

- Cash from operations for the first nine months of 2006 was $633 million, up 98% from the same period of last year.

- At September 30, 2006, consolidated assets totalled $15.3 billion and shareholders' equity was approximately $1.6 billion. Included in consolidated assets was $1.1 billion of cash at Onex, the parent company.

The acquisitions completed over the last 12 months were the primary drivers of growth in revenues and operating earnings for the third quarter and first nine months of 2006. These acquisitions include Spirit AeroSystems, acquired in June 2005, and its acquisition of BAE Systems' aerostructures division in April of this year, the purchase of Skilled Healthcare in December 2005 and the July 2005 acquisition of Famous Players by Cineplex Entertainment.

Gerald W. Schwartz, Chairman and CEO of Onex Corporation said, "We have been able to use our cash resources very effectively this year. We have experienced a very substantial growth in the value of our major assets such as Spirit AeroSystems. We have also been able to commit our cash to excellent new acquisitions such as our recently announced purchase of the Aon Warranty Group."

Mr. Schwartz went on to say, "This has been quite a quarter. Revenues and earnings have risen substantially. Even more importantly, cash from operations, something we watch closely, is up 274% this quarter and 98% year to date."

Operating earnings is Earnings Before the Undernoted Items (as shown in the attached Consolidated Statements of Earnings) less amortization of property, plant and equipment, foreign exchange losses (gains) and stock-based compensation, plus interest and other income and equity-accounted investments.

During the third quarter of 2006, Onex repurchased 2,142,600 Subordinate Voting Shares under its Normal Course Issuer Bid at a total cost of $51 million. This year, up to the end of October 31, 2006, Onex has repurchased 9,101,300 Subordinate Voting Shares at a total cost of $202 million. Mr. Schwartz said, "We think that these share repurchases best exhibit our confidence in the growth in future value of Onex shares."

Onex manages third party private equity investments through the Onex Partners and ONCAP family of funds. It also manages a real estate fund and a public market fund. Through these activities Onex generates annual management fee income and is entitled to a carried interest on approximately $3.5 billion of third party capital.

Onex Corporation is a diversified company with annual consolidated revenues of approximately $19 billion and consolidated assets of approximately $15 billion. Onex is one of Canada's largest companies with global operations in service, manufacturing and technology industries.

Attached are the Consolidated Balance Sheets, Statements of Earnings and information by industry segment for the three and nine months ended September 30, 2006 and 2005. The complete financial statements, including Onex' Management's Discussion and Analysis of the results are posted on Onex' website, www.onex.com, under the Investor Information section and are also available on SEDAR.

Onex shares trade on the Toronto Stock Exchange under the stock symbol OCX.

This news release may contain forward-looking statements that are based on management's current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Onex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.

At 4:00 p.m. today, Onex will webcast a live conference call to review the Company's Third Quarter 2006 Results in listen-only mode on its website, www.onex.com.

For more information on Onex, visit its website at www.onex.com.

The company's security filings can also be accessed at www.sedar.com.



Consolidated Balance Sheets

---------------------------------------------------------------------------
(Unaudited)
As at September 30 As at December 31
(in millions of dollars) 2006 2005
---------------------------------------------------------------------------
Assets
Current assets
Cash and short-term investments $ 2,315 $ 3,096
Accounts receivable 2,294 2,124
Inventories 2,303 1,944
Other current assets 348 440
Current assets held by discontinued
operations 14 156
---------------------------------------------------------------------------
7,274 7,760
Property, plant and equipment 2,581 2,421
Investments and other assets 1,830 1,271
Intangible assets 471 441
Goodwill 2,414 2,478
Long-lived assets held by
discontinued operations 779 474
---------------------------------------------------------------------------
$ 15,349 $ 14,845
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current liabilities
Bank indebtedness, without recourse
to Onex $ 12 $ 1
Accounts payable and accrued
liabilities 3,537 3,226
Current portion of long-term debt
and obligations under capital
leases of operating companies,
without recourse to Onex 128 60
Current liabilities held by
discontinued operations 11 877
---------------------------------------------------------------------------
3,688 4,164
Long-term debt of operating companies,
without recourse to Onex 3,584 3,796
Obligations under capital leases of
operating companies, without
recourse to Onex 75 65
Other liabilities 1,338 1,059
Future income taxes 714 767
Long-term liabilities held by
discontinued operations 677 199
---------------------------------------------------------------------------
10,076 10,050
Non-controlling interests 3,716 3,643
Shareholders' equity 1,557 1,152
---------------------------------------------------------------------------
$ 15,349 $ 14,845
---------------------------------------------------------------------------
---------------------------------------------------------------------------

The December 31, 2005 balance sheet is taken from the audited annual
consolidated financial statements and has been restated for discontinued
operations.


Consolidated Statements of Earnings

---------------------------------------------------------------------------
Three months Nine months
(Unaudited) ------------------------------------------
(in millions of dollars, ended September 30 ended September 30
except per share data) 2006 2005 2006 2005
---------------------------------------------------------------------------
Revenues $ 4,923 $ 4,197 $ 14,016 $ 11,619
Cost of sales (4,263) (3,714) (12,081) (10,254)
Selling, general and
administrative expenses (299) (285) (892) (770)
---------------------------------------------------------------------------
Earnings Before the
Undernoted Items $ 361 $ 198 $ 1,043 $ 595
Amortization of property, plant
and equipment (88) (88) (264) (251)
Amortization of intangible
assets and deferred charges (24) (22) (65) (65)
Interest expense of operating
companies (90) (75) (262) (169)
Interest and other income 17 51 83 116
Equity-accounted investments 4 (4) 10 1
Foreign exchange gains (loss) 6 (58) (23) (24)
Stock-based compensation (108) (30) (164) (51)
Derivative instruments (1) 2 - 3
Gains on sales of operating
investments, net 9 54 58 870
Acquisition, restructuring and
other expenses (105) (56) (210) (151)
Debt prepayment - (4) - (4)
Writedown of goodwill and
intangible assets - - (5) (2)
Writedown of long-lived assets - (4) - (4)
---------------------------------------------------------------------------
Earnings (loss) before income
taxes, non-controlling interests
and discontinued operations (19) (36) 201 864
Provision for income taxes (11) (24) (65) (57)
Non-controlling interests (3) 9 (85) (4)
---------------------------------------------------------------------------
Earnings (loss) from continuing
operations (33) (51) 51 803
Earnings from discontinued
operations 64 64 707 170
---------------------------------------------------------------------------
Net Earnings for the Period $ 31 $ 13 $ 758 $ 973
---------------------------------------------------------------------------
---------------------------------------------------------------------------

Net Earnings (Loss) per
Subordinate Voting Share
Basic and Diluted
Continuing operations $ (0.25) $ (0.37) $ 0.38 $ 5.78
Discontinued operations $ 0.49 $ 0.46 $ 5.28 $ 1.22
Net earnings $ 0.24 $ 0.09 $ 5.66 $ 7.00
---------------------------------------------------------------------------
---------------------------------------------------------------------------

The September 30, 2005 unaudited interim consolidated statements of
earnings have been restated for discontinued operations



Consolidated Statements of Cash Flows


---------------------------------------------------------------------------
Three months Nine months
(Unaudited) ------------------------------------------
(in millions of dollars) ended September 30 ended September 30
2006 2005 2006 2005
---------------------------------------------------------------------------
Operating Activities
Net earnings for the period $ 31 $ 13 $ 758 $ 973
Earnings from discontinued
operations (64) (64) (707) (170)
Items not affecting cash:
Amortization of property,
plant and equipment 88 88 264 251
Amortization of intangible
assets and deferred charges 24 22 65 65
Writedown of goodwill and
intangible assets - - 5 2
Writedown of long-lived assets - 4 - 4
Non-cash component of
restructuring 46 - 83 9
Non-controlling interests 3 (9) 85 4
Future income taxes (47) 1 (21) 5
Stock-based compensation 108 30 164 51
Derivative instruments 1 (2) - (3)
Gains on sales of operating
investments, net (9) (54) (58) (870)
Other (20) 14 (5) (2)
---------------------------------------------------------------------------
161 43 633 319
Increase in other liabilities 21 292 233 285
Changes in non-cash working
capital items:
Accounts receivable (3) (93) (219) 134
Inventories (194) 40 (424) (38)
Other current assets 44 44 41 51
Accounts payable and accrued
liabilities 304 (54) 491 (184)
---------------------------------------------------------------------------
Increase (decrease) in cash
due to changes in working
capital items 151 (63) (111) (37)
Cash used by discontinued
operations - (1) (2) (10)
---------------------------------------------------------------------------
333 271 753 557
---------------------------------------------------------------------------
Financing Activities
Issuance of long-term debt 252 297 461 1,130
Repayment of long-term debt (291) (271) (511) (658)
Cash dividends paid (3) (3) (11) (11)
Repurchase of share capital (51) - (190) -
Issuance of share capital by
operating companies 11 84 77 577
Distributions by operating
companies (10) (26) (34) (409)
Repurchase of share capital by
operating companies - (273) - (273)
Increase due to other
financing activities 5 41 13 32
Cash from discontinued operations - 28 - 54
---------------------------------------------------------------------------
(87) (123) (195) 442
---------------------------------------------------------------------------
Investing Activities
Acquisition of operating
companies, net of cash in
acquired companies of $10
(2005 - $224) (14) (448) (262) (1,260)
Purchase of property, plant
and equipment (191) (162) (645) (307)
Proceeds from sales of operating
investments - - 39 394
Net purchase of short-term
investments (854) (283) (854) (543)
Increase (decrease) due to other
investing activities (97) 32 (348) (66)
Cash from (used by) discontinued
operations 1 185 (62) 48
---------------------------------------------------------------------------
(1,155) (676) (2,132) (1,734)
---------------------------------------------------------------------------
Decrease in Cash for the Period (909) (528) (1,574) (735)
Increase (decrease) in cash due
to changes in foreign
exchange rates 4 (124) (73) (84)
Cash, beginning of the period
- continuing operations 2,365 3,140 3,096 2,857
Cash, beginning of the period
- discontinued operations 8 3 19 453
---------------------------------------------------------------------------
Cash - End of the Period(a) 1,468 2,491 1,468 2,491
Short-term investments(b) 854 543 854 543
---------------------------------------------------------------------------
Cash and Short-term
Investments $ 2,322 $ 3,034 $ 2,322 $ 3,034
---------------------------------------------------------------------------
---------------------------------------------------------------------------

(a) Cash includes cash and money market investments that mature in less
than three months from the balance sheet date.
(b) Short-term investments consist of money market investments that mature
in three months to a year.
(c) Includes cash from discontinued operations of $7.

The September 30, 2005 unaudited interim consolidated statement of cash
flows has been restated for discontinued operations.


INFORMATION BY INDUSTRY

Three months ended September 30, 2006




Electronics
(Unaudited) Manufacturing
(in millions of dollars) Services Aerostructures Healthcare
---------------------------------------------------------------------------
Revenues $ 2,680 $ 925 $ 726
Cost of sales (2,507) (745) (601)
Selling, general and
administrative expenses (75) (48) (43)
---------------------------------------------------------------------------
Earnings (loss) before the
undernoted items $ 98 $ 132 $ 82
Amortization of property, plant
and equipment (29) (7) (23)
Amortization of intangible
assets and deferred charges (7) (5) (6)
Interest expense of operating
companies (19) (13) (28)
Interest and other income - 7 -
Equity-accounted investments - - 2
Foreign exchange gains 5 - -
Stock-based compensation (5) (65) (1)
Derivative instruments - - -
Gains on sales of operating
investments, net - - -
Acquisition, restructuring and
other expenses (92) (9) -
---------------------------------------------------------------------------
Earnings (loss) before income
taxes, non-controlling interests,
and discontinued operations $ (49) $ 40 $ 26
---------------------------------------------------------------------------
Provision for income taxes
Non-controlling interests
Loss from continuing operations
Earnings from discontinued
operations
Net earnings
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Customer
(Unaudited) Theatre Management Consolidated
(in millions of dollars) Exhibition Services Other (a) Total
---------------------------------------------------------------------------
Revenues $ 199 $ 184 $ 209 $ 4,923
Cost of sales (157) (110) (143) (4,263)
Selling, general and
administrative expenses (9) (51) (73) (299)
---------------------------------------------------------------------------
Earnings (loss) before
the undernoted items 33 23 (7) 361
Amortization of property,
plant and equipment (15) (7) (7) (88)
Amortization of intangible
assets and deferred charges (1) (1) (4) (24)
Interest expense of operating
companies (12) (10) (8) (90)
Interest and other income 1 - 9 17
Equity-accounted investments - - 2 4
Foreign exchange gains - - 1 6
Stock-based compensation - - (37) (108)
Derivative instruments - - (1) (1)
Gains on sales of operating
investments, net - - 9 9
Acquisition, restructuring
and other expenses - - (4) (105)
---------------------------------------------------------------------------
Earnings (loss) before income
taxes, non-controlling
interests, and discontinued
operations 6 5 (47) (19)
-------------------------------------------------------------
Provision for income taxes (11)
Non-controlling interests (3)
-------------
Loss from continuing operations (33)
Earnings from discontinued
operations 64
-------------
Net earnings 31
---------------------------------------------------------------------------
(a) Includes Cosmetic Essence, Radian, OREP, ONCAP I, ONCAP II and parent
company.


INFORMATION BY INDUSTRY

Three months ended September 30, 2005


Electronics
(Unaudited) Manufacturing
(in millions of dollars) Services Aerostructures Healthcare
---------------------------------------------------------------------------
Revenues $ 2,388 $ 684 $ 579
Cost of sales (2,229) (617) (496)
Selling, general and
administrative expenses (70) (51) (30)
---------------------------------------------------------------------------
Earnings before the undernoted items $ 89 $ 16 $ 53
Amortization of property, plant
and equipment (37) (6) (19)
Amortization of intangible assets
and deferred charges (8) (1) (4)
Interest expense of operating
companies (19) (15) (18)
Interest and other income 19 10 1
Equity-accounted investments - - -
Foreign exchange gains (loss) 1 - -
Stock-based compensation (13) (3) (1)
Derivative instruments - - -
Gains on sales of operating
investments, net - - -
Acquisition, restructuring
and other expenses (49) (5) -
Debt prepayment - - -
Writedown of long-lived assets - - -
---------------------------------------------------------------------------
Earnings (loss) before income
taxes, non-controlling interests
and discontinued operations $ (17) $ (4) $ 12
---------------------------------------------------------------------------
Provision for income taxes
Non-controlling interests
Loss from continuing operations
Earnings from discontinued
operations
Net earnings
---------------------------------------------------------------------------


---------------------------------------------------------------------------
Customer
(Unaudited) Theatre Management Consolidated
(in millions of dollars) Exhibition Services Other (a) Total
---------------------------------------------------------------------------

Revenues $ 152 $ 163 $ 231 $ 4,197
Cost of sales (126) (98) (148) (3,714)
Selling, general and
administrative expenses (9) (48) (77) (285)
---------------------------------------------------------------------------
Earnings before the
undernoted items $ 17 $ 17 $ 6 $ 198
Amortization of property,
plant and equipment (13) (7) (6) (88)
Amortization of intangible
assets and deferred charges (1) (2) (6) (22)
Interest expense of
operating companies (9) (6) (8) (75)
Interest and other income - 1 20 51
Equity-accounted investments - - (4) (4)
Foreign exchange gains (loss) - - (59) (58)
Stock-based compensation (8) - (5) (30)
Derivative instruments - - 2 2
Gains on sales of operating
investments, net - - 54 54
Acquisition, restructuring
and other expenses - (2) - (56)
Debt prepayment (4) - - (4)
Writedown of long-lived assets (4) - - (4)
---------------------------------------------------------------------------
Earnings (loss) before income
taxes, non-controlling
interests and discontinued
operations $ (22) $ 1 $ (6) (36)
-------------------------------------------------------------
Provision for income taxes (24)
Non-controlling interests 9
-------------
Loss from continuing operations (51)
Earnings from discontinued
operations 64
-------------
Net earnings $ 13
---------------------------------------------------------------------------
(a) Includes Cosmetic Essence, Radian, OREP, ONCAP I and parent company.



INFORMATION BY INDUSTRY

Nine months ended September 30, 2006


Electronics
(Unaudited) Manufacturing
(in millions of dollars) Services Aerostructures Healthcare
---------------------------------------------------------------------------
Revenues $ 7,402 $ 2,665 $ 2,157
Cost of sales (6,922) (2,152) (1,794)
Selling, general and
administrative expenses (228) (130) (118)
---------------------------------------------------------------------------
Earnings before the undernoted
items $ 252 $ 383 $ 245
Amortization of property,
plant and equipment (85) (23) (69)
Amortization of intangible
assets and deferred charges (23) (5) (18)
Interest expense of operating
companies (56) (39) (85)
Interest and other income 4 27 4
Equity-accounted investments - - 3
Foreign exchange gains (loss) 10 - -
Stock-based compensation (21) (69) (2)
Gains on sales of operating
investments, net - - -
Acquisition, restructuring and
other expenses (172) (24) (1)
Writedown of goodwill and
intangible assets - - -
---------------------------------------------------------------------------
Earnings (loss) before income
taxes, non-controlling interests
and discontinued operations $ (91) $ 250 $ 77
---------------------------------------------------------------------------
Provision for income taxes
Non-controlling interests
Earnings from continuing operations
Earnings from discontinued
operations
Net earnings
---------------------------------------------------------------------------
Total assets(b) $ 5,462 $ 2,757 $ 2,728
---------------------------------------------------------------------------
Long-term debt(c) $ 838 $ 776 $ 1,122
---------------------------------------------------------------------------
---------------------------------------------------------------------------
(a) Includes Cosmetic Essence, Radian, OREP, ONCAP I and parent company.
(b) Total assets for the Customer Management Services and Other segments
include discontinued operations.
(c) Long-term debt includes current portion and excludes capital leases.


---------------------------------------------------------------------------
Customer
(Unaudited) Theatre Management Consolidated
(in millions of dollars) Exhibition Services Other (a) Total
---------------------------------------------------------------------------
Revenues $ 545 $ 543 $ 704 $ 14,016
Cost of sales (443) (330) (440) (12,081)
Selling, general and
administrative expenses (24) (153) (239) (892)
---------------------------------------------------------------------------
Earnings before the
undernoted items $ 78 $ 60 $ 25 $ 1,043
Amortization of property,
plant and equipment (44) (23) (20) (264)
Amortization of intangible
assets and deferred charges (4) (1) (14) (65)
Interest expense of operating
companies (34) (24) (24) (262)
Interest and other income 1 2 45 83
Equity-accounted investments - - 7 10
Foreign exchange gains (loss) - - (33) (23)
Stock-based compensation (1) 1 (72) (164)
Gains on sales of operating
investments, net - - 58 58
Acquisition, restructuring
and other expenses - (4) (9) (210)
Writedown of goodwill and
intangible assets - - (5) (5)
---------------------------------------------------------------------------
Earnings (loss) before income
taxes, non-controlling
interests and discontinued
operations $ (4) $ 11 $ (42) 201
-------------------------------------------------------------
Provision for income taxes (65)
Non-controlling interests (85)
-------------
Earnings from continuing
operations 51
Earnings from discontinued
operations 707
-------------
Net earnings $ 758
---------------------------------------------------------------------------
Total assets(b) 861 $ 225 $ 3,316 $ 15,349
---------------------------------------------------------------------------
Long-term debt(c) $ 370 $ 192 $ 381 $ 3,679
---------------------------------------------------------------------------
---------------------------------------------------------------------------
(a) Includes Cosmetic Essence, Radian, OREP, ONCAP I, ONCAP II and parent
company.
(b) Total assets for the Customer Management Services and Other segments
include discontinued operations.
(c) Long-term debt includes current portion and excludes capital leases.




INFORMATION BY INDUSTRY

Nine months ended September 30, 2005


Electronics
(Unaudited) Manufacturing
(in millions of dollars) Services Aerostructures Healthcare
---------------------------------------------------------------------------
Revenues $ 7,826 $ 794 $ 1,548
Cost of sales (7,266) (715) (1,315)
Selling, general and
administrative expenses (239) (70) (81)
---------------------------------------------------------------------------
Earnings before the undernoted
items $ 321 $ 9 $ 152
Amortization of property, plant
and equipment (119) (10) (52)
Amortization of intangible assets
and deferred charges (26) (1) (13)
Interest expense of operating
companies (50) (17) (49)
Interest and other income 22 10 1
Equity-accounted investments - - 1
Foreign exchange gains (loss) 5 - -
Stock-based compensation (23) (3) (2)
Derivative instruments - - -
Gains on sales of operating
investments, net - - -
Acquisition, restructuring and
other expenses (128) (13) -
Debt prepayment - - -
Writedown of goodwill and
intangible assets - - -
Writedown of long-lived assets - - -
---------------------------------------------------------------------------
Earnings (loss) before income
taxes, non-controlling interests
and discontinued operations $ 2 $ (25) $ 38
---------------------------------------------------------------------------
Provision for income taxes
Non-controlling interests of
operating companies
Earnings from continuing operations
Earnings from discontinued
operations
Net earnings
---------------------------------------------------------------------------
Total assets as at December 31,
2005(b) $ 5,637 $ 1,966 $ 2,753
---------------------------------------------------------------------------
Long-term debt as at December
31, 2005(c) $ 872 $ 839 $ 1,196
---------------------------------------------------------------------------
---------------------------------------------------------------------------
(a) Other includes Cosmetic Essence, Radian, OREP, ONCAP I and parent
company.
(b) Total assets for the Theatre Exhibition, Customer Management Services,
and Other segments include discontinued operations.
(c) Long-term debt includes current portion and excludes capital leases.


---------------------------------------------------------------------------
Customer
(Unaudited) Theatre Management Consolidated
(in millions of dollars) Exhibition Services Other (a) Total
---------------------------------------------------------------------------
Revenues $ 298 $ 506 $ 647 $ 11,619
Cost of sales (242) (309) (407) (10,254)
Selling, general and
administrative expenses (18) (147) (215) (770)
---------------------------------------------------------------------------
Earnings before the
undernoted items $ 38 $ 50 $ 25 $ 595
Amortization of property,
plant and equipment (27) (24) (19) (251)
Amortization of intangible
assets and deferred charges (1) (9) (15) (65)
Interest expense of
operating companies (14) (16) (23) (169)
Interest and other income 2 3 78 116
Equity-accounted investments - - - 1
Foreign exchange gains (loss) - (2) (27) (24)
Stock-based compensation (8) - (15) (51)
Derivative instruments - - 3 3
Gains on sales of operating
investments, net - - 870 870
Acquisition, restructuring
and other expenses - (8) (2) (151)
Debt prepayment (4) - - (4)
Writedown of goodwill and
intangible assets - (2) - (2)
Writedown of long-lived assets (4) - - (4)
---------------------------------------------------------------------------
Earnings (loss) before income
taxes, non-controlling
interests and discontinued
operations $ (18) $ (8) $ 875 864
-------------------------------------------------------------
Provision for income taxes (57)
Non-controlling interests of
operating companies (4)
-------------
Earnings from continuing
operations 803
Earnings from discontinued
operations 170
-------------
Net earnings $ 973
---------------------------------------------------------------------------
Total assets as at December
31, 2005(b) $ 860 $ 260 $ 3,369 $ 14,845
---------------------------------------------------------------------------
Long-term debt as at
December 31, 2005(c) $ 346 $ 206 $ 379 $ 3,838
---------------------------------------------------------------------------
---------------------------------------------------------------------------
(a) Other includes Cosmetic Essence, Radian, OREP, ONCAP I and parent
company.
(b) Total assets for the Theatre Exhibition, Customer Management Services,
and Other segments include discontinued operations.
(c) Long-term debt includes current portion and excludes capital leases.


Contact Information

  • Onex Corporation
    Ewout R. Heersink
    (416) 362-7711
    or
    Onex Corporation
    Donald W. Lewtas
    (416) 362-7711
    Website: www.onex.com