Rogers Communications Inc(NYSE:RCI) 
Rogers Communications Inc. operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device and accessory financing, wireless home phone, device protection, t...
Website: http://www.rogers.com
Founded: 1960
Full Time Employees: 26,000 (Dec 2013)
Sector: Communication Services
Industry: Telecom Services
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At a glance:
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Quarterly
Annual
| Unit: USD | 2021-06-30 | 2020-09-30 | 2020-06-30 | 2019-09-30 | 2018-09-30 | 2016-02-11 | 2015-07-23 | 2015-04-20 | 2014-07-24 | 2014-02-14 | 2012-02-24 | 2011-10-26 | 2011-03-31 | 2011-02-16 | 2010-12-31 | 2010-09-30 | 2010-02-17 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-02-18 | 2008-12-31 | 2008-02-22 | 2007-12-31 | 2007-11-01 | 2007-06-30 | 2007-03-30 | 2006-06-30 | 2006-03-08 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2005-03-17 | 2004-12-31 | 2004-07-21 | 2004-04-20 | 2004-02-23 | 2004-02-04 | 2003-10-17 | 2003-07-15 | 2003-04-17 | 2003-02-21 | 2003-02-18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net income | 302,000,000 | 512,000,000 | 279,000,000 | 593,000,000 | 594,000,000 | 335,000,000 | 327,000,000 | 370,000,000 | 310,000,000 | 1,478,000,000 | 485,000,000 | 374,000,000 | 622,000,000 | -64,800,000 | |||||||||||||||||||||||||||||
yoy | -49.16% | 8.06% | -77.88% | -1.07% | |||||||||||||||||||||||||||||||||||||||
qoq | -41.02% | 83.51% | -52.95% | -0.17% | 2.45% | 19.35% | -79.03% | 204.74% | 29.68% | ||||||||||||||||||||||||||||||||||
add: | |||||||||||||||||||||||||||||||||||||||||||
income tax expense | 111,000,000 | 189,000,000 | 102,000,000 | 219,000,000 | 235,000,000 | 138,000,000 | -596,000,000 | 535,000,000 | 2,958,000 | ||||||||||||||||||||||||||||||||||
finance costs | 206,000,000 | 219,000,000 | 214,000,000 | 215,000,000 | 176,000,000 | 774,000,000 | 182,000,000 | 210,000,000 | 188,000,000 | -742,000,000 | -738,000,000 | -146,000,000 | |||||||||||||||||||||||||||||||
depreciation and amortization | 647,000,000 | 663,000,000 | 650,000,000 | 627,000,000 | 558,000,000 | 2,277,000,000 | 562,000,000 | 559,000,000 | 532,000,000 | 1,898,000,000 | 1,743,000,000 | 427,000,000 | 471,000,000 | 1,760,000,000 | 408,000,000 | 397,000,000 | 398,000,000 | 394,763,000 | 61,072,000 | 358,746,000 | 341,633,000 | 1,092,551,000 | 340,076,000 | 250,528,000 | 1,040,263,000 | 273,851,000 | 261,666,000 | 256,427,000 | 248,320,000 | 981,458,000 | 251,836,000 | ||||||||||||
ebitda | 1,266,000,000 | 1,583,000,000 | 1,245,000,000 | 1,654,000,000 | 1,563,000,000 | ||||||||||||||||||||||||||||||||||||||
add | |||||||||||||||||||||||||||||||||||||||||||
other expense | 6,000,000 | 7,000,000 | 16,000,000 | 15,000,000 | -32,000,000 | 26,000,000 | 9,000,000 | 5,850,000 | |||||||||||||||||||||||||||||||||||
restructuring, acquisition and other | 115,000,000 | 49,000,000 | 42,000,000 | 42,000,000 | 47,000,000 | 111,000,000 | 42,000,000 | 9,000,000 | |||||||||||||||||||||||||||||||||||
adjusted ebitda | 1,374,000,000 | 1,638,000,000 | 1,294,000,000 | 1,712,000,000 | 1,620,000,000 | ||||||||||||||||||||||||||||||||||||||
gain on disposition of property, plant and equipment | |||||||||||||||||||||||||||||||||||||||||||
operating revenue | 13,414,000,000 | 3,403,000,000 | 3,175,000,000 | 3,212,000,000 | 12,706,000,000 | 12,428,000,000 | 3,149,000,000 | 2,941,000,000 | 11,335,000,000 | 2,687,000,000 | 2,611,000,000 | 2,527,000,000 | 2,236,274,000 | 482,103,000 | 1,732,511,000 | 1,582,415,000 | 5,608,249,000 | 1,566,317,000 | 1,343,495,000 | 4,847,363,000 | 1,322,280,000 | 1,218,282,000 | 1,183,651,000 | 1,123,150,000 | 4,323,045,000 | 1,166,997,000 | |||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||
operating costs | 8,437,000,000 | 2,080,000,000 | 2,063,000,000 | 1,910,000,000 | 7,797,000,000 | 7,787,000,000 | 1,910,000,000 | ||||||||||||||||||||||||||||||||||||
income before income taxes | 1,847,000,000 | 511,000,000 | 337,000,000 | 543,000,000 | 2,265,000,000 | 2,098,000,000 | 650,000,000 | 1,426,000,000 | 338,000,000 | 435,000,000 | 209,540,000 | ||||||||||||||||||||||||||||||||
income taxes | 466,000,000 | 148,000,000 | 82,000,000 | ||||||||||||||||||||||||||||||||||||||||
net income for the year | 1,381,000,000 | 1,669,000,000 | 1,563,000,000 | 1,002,000,000 | -13,218,000 | 129,193,000 | 312,032,000 | ||||||||||||||||||||||||||||||||||||
earnings per share: | |||||||||||||||||||||||||||||||||||||||||||
basic | 2.68 | 0.7 | 0.5 | 0.79 | 2.88 | 0.91 | -0.28 | -0.03 | 0.35 | 0.18 | 0.06 | 1.05 | 3.22 | ||||||||||||||||||||||||||||||
diluted | 2.67 | 0.7 | 0.48 | 0.76 | 2.86 | 0.87 | -0.28 | -0.03 | 0.34 | 0.18 | 0.06 | 0.83 | 3 | ||||||||||||||||||||||||||||||
net income for the period | 363,000,000 | 255,000,000 | 405,000,000 | 491,000,000 | -138,000,000 | 254,000,000 | 269,000,000 | -56,000,000 | 277,541,000 | 19,194,000 | -15,507,000 | 5,495,000 | 68,838,000 | -17,442,000 | 54,060,000 | 23,735,000 | 698,154,000 | ||||||||||||||||||||||||||
other income | 81,000,000 | 1,000,000 | 3,000,000 | 28,000,000 | 2,000,000 | -10,000,000 | 3,000,000 | 4,275,000 | -6,481,000 | ||||||||||||||||||||||||||||||||||
restructuring, acquisition and other expenses | 30,000,000 | 85,000,000 | |||||||||||||||||||||||||||||||||||||||||
earnings per share | |||||||||||||||||||||||||||||||||||||||||||
basic | 2.68 | 0.7 | 0.5 | 0.79 | 2.88 | 0.91 | -0.28 | -0.03 | 0.35 | 0.18 | 0.06 | 1.05 | 3.22 | ||||||||||||||||||||||||||||||
diluted | 2.67 | 0.7 | 0.48 | 0.76 | 2.86 | 0.87 | -0.28 | -0.03 | 0.34 | 0.18 | 0.06 | 0.83 | 3 | ||||||||||||||||||||||||||||||
impairment of assets | |||||||||||||||||||||||||||||||||||||||||||
operating income | 2,926,000,000 | 2,828,000,000 | 795,000,000 | 137,000,000 | 2,024,000,000 | 476,000,000 | 589,000,000 | 33,000,000 | 347,366,000 | 19,646,000 | 206,708,000 | 133,591,000 | 641,590,000 | 110,444,000 | 195,261,000 | 408,633,000 | 95,459,000 | 138,440,000 | 113,779,000 | 60,953,000 | 166,637,000 | 45,774,000 | |||||||||||||||||||||
yoy | -76.74% | 6033.33% | 67.97% | 160.02% | -82.21% | 5.86% | 57.01% | 15.70% | 41.04% | 570.41% | -42.71% | 202.44% | |||||||||||||||||||||||||||||||
qoq | 3.47% | 255.72% | -93.23% | 325.21% | 1684.85% | -90.50% | 54.73% | -79.18% | 480.92% | -43.44% | 328.07% | -31.05% | 21.67% | 86.67% | -63.42% | 264.04% | |||||||||||||||||||||||||||
net income from continuing operations | 1,669,000,000 | ||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of tax | |||||||||||||||||||||||||||||||||||||||||||
earnings per share – basic: | |||||||||||||||||||||||||||||||||||||||||||
earnings per share from continuing operations | 3.24 | ||||||||||||||||||||||||||||||||||||||||||
loss per share from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||
earnings per share – basic | 3.24 | ||||||||||||||||||||||||||||||||||||||||||
earnings per share – diluted: | |||||||||||||||||||||||||||||||||||||||||||
earnings per share – diluted | 3.22 | ||||||||||||||||||||||||||||||||||||||||||
integration, restructuring and acquisition costs | 70,000,000 | 17,000,000 | |||||||||||||||||||||||||||||||||||||||||
share of the income of associates and joint ventures accounted for using the equity method, net of tax | 7,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||
income tax expense: | |||||||||||||||||||||||||||||||||||||||||||
current | 96,000,000 | 1,000,000 | 3,000,000 | -2,000,000 | 1,000,000 | -2,253,000 | 3,748,000 | 3,514,000 | 3,447,000 | -4,932,000 | 3,555,000 | 1,675,000 | -8,684,000 | 3,039,000 | 3,372,000 | 3,948,000 | 12,396,000 | ||||||||||||||||||||||||||
deferred | 63,000,000 | ||||||||||||||||||||||||||||||||||||||||||
wireless | 1,721,000,000 | 1,784,000,000 | 1,822,000,000 | 1,734,000,000 | 6,654,000,000 | 1,760,000,000 | 1,616,000,000 | 4,580,000,000 | 4,006,600,000 | 592,800,000 | |||||||||||||||||||||||||||||||||
cable | 2,067,700,000 | 473,100,000 | |||||||||||||||||||||||||||||||||||||||||
cable operations | 813,000,000 | 809,000,000 | 797,000,000 | 795,000,000 | 3,074,000,000 | 773,000,000 | 763,000,000 | ||||||||||||||||||||||||||||||||||||
rbs | 116,000,000 | 141,000,000 | 146,000,000 | 124,000,000 | 503,000,000 | 126,000,000 | 125,000,000 | ||||||||||||||||||||||||||||||||||||
video | 24,000,000 | ||||||||||||||||||||||||||||||||||||||||||
media | 339,000,000 | 428,000,000 | 376,000,000 | 393,000,000 | 1,407,000,000 | 364,000,000 | 366,000,000 | 1,210,000,000 | 1,097,200,000 | 215,700,000 | |||||||||||||||||||||||||||||||||
corporate items and eliminations | -26,000,000 | -10,000,000 | -12,000,000 | -10,000,000 | -28,000,000 | -7,000,000 | -6,000,000 | -4,000,000 | -113,200,000 | -16,900,000 | |||||||||||||||||||||||||||||||||
total | 2,987,000,000 | 3,152,000,000 | 3,118,000,000 | 3,057,000,000 | 11,731,000,000 | 3,036,000,000 | 2,891,000,000 | 8,838,000,000 | 7,482,200,000 | 1,264,700,000 | |||||||||||||||||||||||||||||||||
adjusted operating profit | 1,160,000,000 | 1,074,000,000 | 1,216,000,000 | 1,101,000,000 | 4,388,000,000 | 1,181,000,000 | 1,083,000,000 | ||||||||||||||||||||||||||||||||||||
stock-based compensation expense | -8,000,000 | ||||||||||||||||||||||||||||||||||||||||||
integration, restructuring and acquisition expenses | -11,000,000 | ||||||||||||||||||||||||||||||||||||||||||
other items | 5,000,000 | -4,000,000 | |||||||||||||||||||||||||||||||||||||||||
operating profit | 1,141,000,000 | 1,084,000,000 | 1,164,000,000 | 1,049,000,000 | 4,316,000,000 | 1,152,000,000 | 1,033,000,000 | ||||||||||||||||||||||||||||||||||||
other income and expense | 806,000,000 | 757,000,000 | 794,000,000 | 739,000,000 | 2,838,000,000 | 667,000,000 | 659,000,000 | 2,253,000,000 | 2,188,300,000 | 446,700,000 | |||||||||||||||||||||||||||||||||
basic and diluted earnings per share | 0.6 | ||||||||||||||||||||||||||||||||||||||||||
as adjusted: | |||||||||||||||||||||||||||||||||||||||||||
additions to pp&e | |||||||||||||||||||||||||||||||||||||||||||
corporate | 8 | 51 | 52 | 67 | 235 | 66 | 46 | 186 | |||||||||||||||||||||||||||||||||||
rogers retail | 91,000,000 | 89,000,000 | 110,000,000 | 399,000,000 | 97,000,000 | 90,000,000 | 310,000,000 | ||||||||||||||||||||||||||||||||||||
stock-based compensation (expense) recovery | 27,000,000 | ||||||||||||||||||||||||||||||||||||||||||
settlement of pension obligations | -30,000,000 | -30,000,000 | |||||||||||||||||||||||||||||||||||||||||
integration and restructuring expenses | -22,000,000 | -8,000,000 | -65,000,000 | -117,000,000 | -11,000,000 | -37,000,000 | |||||||||||||||||||||||||||||||||||||
contract termination fees | -7,000,000 | -19,000,000 | |||||||||||||||||||||||||||||||||||||||||
adjustment for crtc part ii fees decision | 79,000,000 | 61,000,000 | |||||||||||||||||||||||||||||||||||||||||
basic and diluted net income per share | 0.58 | 0.64 | 0.51 | 2.38 | 0.79 | 0.59 | |||||||||||||||||||||||||||||||||||||
stock-based compensation recovery | -40,000,000 | -29,000,000 | 33,000,000 | -6,000,000 | -13,000,000 | ||||||||||||||||||||||||||||||||||||||
additions to property, plant and equipment | |||||||||||||||||||||||||||||||||||||||||||
contract termination fee | -12,000,000 | ||||||||||||||||||||||||||||||||||||||||||
cost of sales | 408,000,000 | 1,303,000,000 | 245,000,000 | 248,000,000 | 250,000,000 | 265,087,000 | 231,338,000 | 239,769,000 | 797,857,000 | 231,664,000 | 184,530,000 | 505,951,000 | 158,337,000 | ||||||||||||||||||||||||||||||
sales and marketing | 381,000,000 | 1,334,000,000 | 336,000,000 | 364,000,000 | 317,000,000 | ||||||||||||||||||||||||||||||||||||||
operating, general and administrative | 1,209,000,000 | 4,569,000,000 | 1,205,000,000 | 1,008,000,000 | 1,062,000,000 | ||||||||||||||||||||||||||||||||||||||
stock option plan amendment | 452,000,000 | ||||||||||||||||||||||||||||||||||||||||||
integration and restructuring | 41,000,000 | 51,000,000 | 17,000,000 | 5,000,000 | 15,000,000 | ||||||||||||||||||||||||||||||||||||||
impairment losses on goodwill, intangible assets and other long-term assets | 294,000,000 | 294,000,000 | |||||||||||||||||||||||||||||||||||||||||
interest on long-term debt | -157,000,000 | -575,000,000 | -138,000,000 | -140,000,000 | -152,000,000 | -154,694,000 | -180,325,000 | -184,767,000 | 522,074,000 | -118,840,000 | 488,865,000 | -115,364,000 | -121,944,000 | -128,010,000 | -123,547,000 | 491,279,000 | -131,502,000 | ||||||||||||||||||||||||||
debt issuance costs | -16,000,000 | ||||||||||||||||||||||||||||||||||||||||||
foreign exchange gain | -77,000,000 | -99,000,000 | 1,000,000 | 1,000,000 | 42,000,000 | 45,300,000 | -67,555,000 | 21,011,000 | -76,805,000 | 303,707,000 | 61,643,000 | 5,378,000 | 116,219,000 | 120,467,000 | 6,211,000 | 7,080,000 | |||||||||||||||||||||||||||
loss on repayment of long-term debt | -47,000,000 | -28,210,000 | -7,883,000 | ||||||||||||||||||||||||||||||||||||||||
change in the fair value of derivative instruments | 43,000,000 | -3,000,000 | -32,707,000 | 10,514,000 | 4,798,000 | 26,774,000 | -1,299,000 | 36,543,000 | |||||||||||||||||||||||||||||||||||
income (loss) before income taxes | -51,000,000 | -143,000,000 | |||||||||||||||||||||||||||||||||||||||||
future | 86,000,000 | 421,000,000 | 86,000,000 | 165,000,000 | -87,000,000 | -65,748,000 | -24,532,000 | -27,717,000 | 3,185,000 | -87,126,000 | 29,939,000 | ||||||||||||||||||||||||||||||||
net income per share | |||||||||||||||||||||||||||||||||||||||||||
basic | -0.22 | 1.57 | 0.4 | 0.42 | -0.09 | 0.99 | |||||||||||||||||||||||||||||||||||||
diluted | -0.22 | 1.57 | 0.4 | 0.42 | -0.09 | 0.97 | |||||||||||||||||||||||||||||||||||||
change in fair value of derivative instruments | 64,000,000 | -5,000,000 | -22,000,000 | ||||||||||||||||||||||||||||||||||||||||
see accompanying notes to consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||
years ended december 31, | |||||||||||||||||||||||||||||||||||||||||||
contract renegotiation fee | |||||||||||||||||||||||||||||||||||||||||||
income tax expense: - sum | 166,000,000 | ||||||||||||||||||||||||||||||||||||||||||
cable and telecom | |||||||||||||||||||||||||||||||||||||||||||
cable and internet | 1,944,000,000 | ||||||||||||||||||||||||||||||||||||||||||
rogers home phone | 355,000,000 | ||||||||||||||||||||||||||||||||||||||||||
rogers business solutions | 596,000,000 | ||||||||||||||||||||||||||||||||||||||||||
operating expenses, including integration and rogers retail store closure expenses | |||||||||||||||||||||||||||||||||||||||||||
integration costs | 9,000,000 | ||||||||||||||||||||||||||||||||||||||||||
operating profit, after integration and rogers retail store closure expenses | |||||||||||||||||||||||||||||||||||||||||||
operating profit margin | 32.5 | 28.6 | |||||||||||||||||||||||||||||||||||||||||
n/m: not meaningful | |||||||||||||||||||||||||||||||||||||||||||
sales and marketing costs | 289,520,000 | 248,721,000 | 233,294,000 | 291,905,000 | 193,599,000 | 282,069,000 | |||||||||||||||||||||||||||||||||||||
operating, general and administrative expenses | 936,466,000 | 675,288,000 | 634,128,000 | 2,192,629,000 | 592,228,000 | 519,577,000 | 1,987,242,000 | 512,564,000 | 818,176,000 | 813,445,000 | 813,877,000 | 3,181,431,000 | 863,537,000 | ||||||||||||||||||||||||||||||
integration expenses | 2,717,000 | 11,710,000 | |||||||||||||||||||||||||||||||||||||||||
video store closure expenses | 355,000 | ||||||||||||||||||||||||||||||||||||||||||
earning | |||||||||||||||||||||||||||||||||||||||||||
basic | 880 | ||||||||||||||||||||||||||||||||||||||||||
diluted | 870 | ||||||||||||||||||||||||||||||||||||||||||
telecom | 423,900,000 | ||||||||||||||||||||||||||||||||||||||||||
operating expenses, including integration expenses | |||||||||||||||||||||||||||||||||||||||||||
operating profit, after integration expenses | |||||||||||||||||||||||||||||||||||||||||||
loss | -44,700,000 | ||||||||||||||||||||||||||||||||||||||||||
loss per share — basic and diluted | -0.15 | ||||||||||||||||||||||||||||||||||||||||||
6 | |||||||||||||||||||||||||||||||||||||||||||
operating expenses | 391,717,000 | ||||||||||||||||||||||||||||||||||||||||||
special charges | 9,668,000 | ||||||||||||||||||||||||||||||||||||||||||
income (loss) before income taxes and non-controlling interest | |||||||||||||||||||||||||||||||||||||||||||
income (loss) before non-controlling interest | 19,194,000 | -9,579,000 | |||||||||||||||||||||||||||||||||||||||||
non-controlling interest | 22,942,000 | -79,581,000 | -5,928,000 | -25,596,000 | -58,425,000 | 1,785,000 | -18,854,000 | -25,197,000 | -16,159,000 | 41,231,000 | 17,145,000 | ||||||||||||||||||||||||||||||||
loss for the year | |||||||||||||||||||||||||||||||||||||||||||
loss per share - basic and diluted | |||||||||||||||||||||||||||||||||||||||||||
weighted average number of shares outstanding - basic and diluted | |||||||||||||||||||||||||||||||||||||||||||
gain on sale of investments | 2,913,000 | 8,961,000 | 14,454,000 | ||||||||||||||||||||||||||||||||||||||||
writedown of investments | -6,122,000 | -1,941,000 | -2,147,000 | -300,984,000 | -78,855,000 | ||||||||||||||||||||||||||||||||||||||
income (loss) from investments accounted for by the equity method | -264,000 | 4,303,000 | |||||||||||||||||||||||||||||||||||||||||
foreign exchange loss | -18,270,000 | -5,960,000 | |||||||||||||||||||||||||||||||||||||||||
investment and other income | 1,666,000 | 2,683,000 | 14,044,000 | 10,590,000 | 3,800,000 | 2,256,000 | 886,000 | -1,583,000 | 1,947,000 | 1,006,000 | 2,289,000 | -6,205,000 | |||||||||||||||||||||||||||||||
net income before income taxes and | |||||||||||||||||||||||||||||||||||||||||||
earnings | |||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 70 | ||||||||||||||||||||||||||||||||||||||||||
loss before income taxes and non-controlling interest | -42,513,000 | ||||||||||||||||||||||||||||||||||||||||||
loss before non-controlling interest | -46,027,000 | ||||||||||||||||||||||||||||||||||||||||||
loss for the period | -46,027,000 | ||||||||||||||||||||||||||||||||||||||||||
loss per share | |||||||||||||||||||||||||||||||||||||||||||
basic and diluted | -0.17 | ||||||||||||||||||||||||||||||||||||||||||
sales and marketing expenses | 883,622,000 | 905,274,000 | |||||||||||||||||||||||||||||||||||||||||
write-down of investments | -6,021,000 | ||||||||||||||||||||||||||||||||||||||||||
losses from investments accounted for by the equity method | -18,694,000 | 939,000 | -7,149,000 | -54,033,000 | -16,982,000 | -11,490,000 | -13,709,000 | -11,852,000 | -100,617,000 | -33,323,000 | |||||||||||||||||||||||||||||||||
gain on dilution on issue of shares by a subsidiary | 15,502,000 | 7,384,000 | |||||||||||||||||||||||||||||||||||||||||
income before income taxes and non-controlling interest | 69,810,000 | -14,511,000 | 34,646,000 | 164,761,000 | 30,652,000 | 4,451,000 | 82,629,000 | 47,027,000 | 196,071,000 | 712,841,000 | |||||||||||||||||||||||||||||||||
income before non-controlling interest | 66,363,000 | 31,091,000 | 187,618,000 | 67,053,000 | 1,412,000 | 79,257,000 | 39,894,000 | 270,801,000 | 681,009,000 | ||||||||||||||||||||||||||||||||||
interest on long-term debt and other | -162,731,000 | ||||||||||||||||||||||||||||||||||||||||||
gain on sale of other investments | 8,975,000 | 3,983,000 | 5,010,000 | 12,892,000 | |||||||||||||||||||||||||||||||||||||||
earnings (loss) per share | |||||||||||||||||||||||||||||||||||||||||||
basic | -0.12 | ||||||||||||||||||||||||||||||||||||||||||
diluted | -0.12 | ||||||||||||||||||||||||||||||||||||||||||
income tax expense - sum | 3,555,000 | ||||||||||||||||||||||||||||||||||||||||||
earnings per share | |||||||||||||||||||||||||||||||||||||||||||
basic and diluted | -0.33 | ||||||||||||||||||||||||||||||||||||||||||
rogers communications inc. | |||||||||||||||||||||||||||||||||||||||||||
operating income before the following | 1,448,896,000 | 369,310,000 | 400,106,000 | 1,141,614,000 | |||||||||||||||||||||||||||||||||||||||
other | |||||||||||||||||||||||||||||||||||||||||||
gain on disposition of at&t canada deposit receipts | 904,262,000 | 904,262,000 | |||||||||||||||||||||||||||||||||||||||||
gain on sales of other investments | 17,902,000 | -565,000 | -2,627,000 | ||||||||||||||||||||||||||||||||||||||||
gain on repayment of long-term debt | -24,839,000 | -17,242,000 | 10,117,000 | 8,237,000 | |||||||||||||||||||||||||||||||||||||||
earnings per share | |||||||||||||||||||||||||||||||||||||||||||
change in estimates of sales tax and crtc contribution liabilities | |||||||||||||||||||||||||||||||||||||||||||
operating income before the following: | 370,206,000 | 309,273,000 | 303,460,000 | ||||||||||||||||||||||||||||||||||||||||
loss on early repayment of long-term debt | -7,597,000 | ||||||||||||||||||||||||||||||||||||||||||
weighted-average number of class a and class b shares outstanding for the period | |||||||||||||||||||||||||||||||||||||||||||
basic | 216,595 | ||||||||||||||||||||||||||||||||||||||||||
diluted | 220,093 | ||||||||||||||||||||||||||||||||||||||||||
gain on sales of subsidiaries | |||||||||||||||||||||||||||||||||||||||||||
income tax expense (reduction) current | 1,893,000 | ||||||||||||||||||||||||||||||||||||||||||
average class a and class b | |||||||||||||||||||||||||||||||||||||||||||
shares outstanding for the period | |||||||||||||||||||||||||||||||||||||||||||
basic | 214,732 | ||||||||||||||||||||||||||||||||||||||||||
diluted | 226,564 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2022-03-03 | 2021-12-31 | 2021-06-30 | 2021-03-04 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2018-09-30 | 2016-12-31 | 2016-02-11 | 2015-07-23 | 2015-04-20 | 2014-07-24 | 2014-02-14 | 2012-02-24 | 2011-10-26 | 2011-02-16 | 2010-09-30 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-02-18 | 2008-12-31 | 2008-02-22 | 2007-11-01 | 2007-06-30 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2005-03-17 | 2004-12-31 | 2004-07-21 | 2004-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 2,680,000,000 | 687,000,000 | 665,000,000 | 809,000,000 | 715,000,000 | 715,000,000 | 905,000,000 | 2,484,000,000 | 2,248,000,000 | 1,795,000,000 | 1,936,000,000 | 262,000,000 | 57,000,000 | 11,000,000 | 7,000,000 | 9,000,000 | 2,301,000,000 | 383,000,000 | 168,000,000 | 69,000,000 | 38,900,000 | 107,358,000 | 90,901,000 | 243,993,000 | 203,738,000 | 76,470,000 | ||||||||||||
accounts receivable | 5,176,000,000 | 3,731,000,000 | 3,621,000,000 | 3,565,000,000 | 3,847,000,000 | 3,847,000,000 | 3,164,000,000 | 1,804,000,000 | 1,621,000,000 | 1,984,000,000 | 2,097,000,000 | 2,085,000,000 | 1,949,000 | 1,792,000,000 | 1,562,000,000 | 1,440,000,000 | 1,396,000,000 | 1,574,000,000 | 1,478,000,000 | 1,310,000,000 | 1,240,000,000 | 1,181,000,000 | 1,403,000,000 | 1,403,000,000 | 1,245,000,000 | 1,160,000,000 | 1,163,000,000 | 680,761,000 | 589,569,000 | 673,936,000 | 565,627,000 | 548,440,000 | ||||||
inventories | 562,000,000 | 325,000,000 | 451,000,000 | 540,000,000 | 535,000,000 | 535,000,000 | 467,000,000 | 479,000,000 | 460,000,000 | 319,000,000 | 423,000,000 | 393,000,000 | 383,000,000 | 315,000 | 318,000,000 | 283,000,000 | 380,000,000 | |||||||||||||||||||||
current portion of contract assets | 165,000,000 | 111,000,000 | 112,000,000 | 112,000,000 | 115,000,000 | 115,000,000 | 230,000,000 | 533,000,000 | 736,000,000 | 910,000,000 | 1,094,000,000 | 1,154,000,000 | 944,000,000 | |||||||||||||||||||||||||
other current assets | 1,080,000,000 | 523,000,000 | 501,000,000 | 606,000,000 | 497,000,000 | 497,000,000 | 530,000,000 | 1,144,000,000 | 855,000,000 | 714,000,000 | 472,000,000 | 456,000,000 | 215,000 | 303,000,000 | 265,000,000 | 328,000,000 | 542,000,000 | 322,000,000 | 444,000,000 | 338,000,000 | 438,000,000 | 430,000,000 | 442,000,000 | 442,000,000 | 304,000,000 | 330,000,000 | 360,000,000 | 295,026,000 | 288,295,000 | 260,517,000 | 202,755,000 | 199,342,000 | ||||||
current portion of derivative instruments | 274,000,000 | 435,000,000 | 230,000,000 | 222,000,000 | 120,000,000 | 120,000,000 | 85,000,000 | 61,000,000 | 64,000,000 | 94,000,000 | 192,000,000 | 129,000,000 | 131,000,000 | 91,000 | 198,000,000 | 118,000,000 | 149,000,000 | 38,000,000 | 16,000,000 | 26,000,000 | 4,000,000 | 7,000,000 | 15,000,000 | 45,000,000 | 45,000,000 | 195,000,000 | 107,000,000 | 58,856,000 | ||||||||||
total current assets | 9,937,000,000 | 18,985,000,000 | 5,829,000,000 | 5,829,000,000 | 5,381,000,000 | 6,929,000,000 | 6,456,000,000 | 5,594,000,000 | 6,343,000,000 | 4,507,000,000 | 4,056,000,000 | 2,570,000 | 2,622,000,000 | 2,235,000,000 | 2,297,000,000 | 1,985,000,000 | 126,700,000 | |||||||||||||||||||||
property, plant and equipment | 25,191,000,000 | 14,790,000,000 | 14,666,000,000 | 14,666,000,000 | 14,150,000,000 | 14,018,000,000 | 13,940,000,000 | 14,048,000,000 | 14,049,000,000 | 13,661,000,000 | 11,506,000,000 | 10,749,000 | 10,997,000,000 | 10,709,000,000 | 10,610,000,000 | 10,354,000,000 | 9,114,000,000 | 8,884,000,000 | 8,197,000,000 | 8,032,000,000 | 7,929,000,000 | 7,898,000,000 | 7,898,000,000 | 7,289,000,000 | 6,960,000,000 | 6,888,000,000 | 5,630,365,000 | 5,532,223,000 | 5,037,873,000 | 5,486,837,000 | 5,016,443,000 | 5,037,873,000 | ||||||
intangible assets | 17,725,000,000 | 12,275,000,000 | 12,281,000,000 | 12,281,000,000 | 8,922,000,000 | 8,926,000,000 | 8,891,000,000 | 8,883,000,000 | 8,896,000,000 | 8,893,000,000 | 7,203,000,000 | 7,130,000 | 7,243,000,000 | 6,843,000,000 | 6,537,000,000 | 6,455,000,000 | 2,721,000,000 | 2,682,000,000 | 2,643,000,000 | 2,670,000,000 | 2,654,000,000 | 2,761,000,000 | 2,761,000,000 | 2,086,000,000 | 2,010,000,000 | 2,083,000,000 | 2,855,689,000 | |||||||||||
investments | 596,000,000 | 2,510,000,000 | 2,493,000,000 | 2,493,000,000 | 2,849,000,000 | 2,536,000,000 | 2,711,000,000 | 2,520,000,000 | 2,554,000,000 | 2,744,000,000 | 2,124,000,000 | 2,174,000 | 2,271,000,000 | 2,395,000,000 | 1,866,000,000 | 1,667,000,000 | 1,107,000,000 | 994,000,000 | 547,000,000 | 333,000,000 | 309,000,000 | 343,000,000 | 343,000,000 | 485,000,000 | 464,000,000 | 486,000,000 | 133,180,000 | 137,834,000 | 139,170,000 | 234,367,000 | 220,663,000 | |||||||
derivative instruments | 1,095,000,000 | 1,293,000,000 | 1,431,000,000 | 1,431,000,000 | 1,331,000,000 | 1,378,000,000 | 2,143,000,000 | 2,771,000,000 | 3,490,000,000 | 1,639,000,000 | 921,000,000 | 1,708,000 | 1,992,000,000 | 1,106,000,000 | 1,430,000,000 | 169,000,000 | 64,000,000 | 180,000,000 | 78,000,000 | 149,000,000 | 336,000,000 | 507,000,000 | 507,000,000 | 1,609,000,000 | 1,754,000,000 | 1,593,000,000 | 516,505,000 | 597,175,000 | 641,545,000 | |||||||||
financing receivables | 1,131,000,000 | 771,000,000 | 854,000,000 | 854,000,000 | 741,000,000 | |||||||||||||||||||||||||||||||||
other long-term assets | 1,167,000,000 | 401,000,000 | 385,000,000 | 385,000,000 | 311,000,000 | 789,000,000 | 534,000,000 | 403,000,000 | 207,000,000 | 133,000,000 | 98,000 | 150,000,000 | 207,000,000 | 357,000,000 | 346,000,000 | 134,000,000 | 196,000,000 | 280,000,000 | 332,000,000 | 289,000,000 | 269,000,000 | 269,000,000 | 184,000,000 | 192,000,000 | 173,000,000 | |||||||||||||
goodwill | 16,280,000,000 | 4,025,000,000 | 4,024,000,000 | 4,024,000,000 | 3,991,000,000 | 3,973,000,000 | 3,940,000,000 | 3,935,000,000 | 3,923,000,000 | 3,923,000,000 | 3,905,000,000 | 3,891,000,000 | 3,882,000,000 | 3,883,000,000 | 3,759,000,000 | 3,280,000,000 | 3,282,000,000 | 3,018,000,000 | 3,019,000,000 | 3,017,000,000 | 3,024,000,000 | 3,024,000,000 | 3,027,000,000 | 2,789,000,000 | 2,797,000,000 | 3,347,221,000 | 3,387,746,000 | 3,388,687,000 | 1,902,533,000 | 1,903,342,000 | ||||||||
total assets | 73,122,000,000 | 55,050,000,000 | 41,963,000,000 | 41,963,000,000 | 37,676,000,000 | 38,854,000,000 | 39,010,000,000 | 38,537,000,000 | 40,076,000,000 | 36,062,000,000 | 30,308,000,000 | 28,342,000 | 29,175,000,000 | 27,386,000,000 | 26,989,000,000 | 24,773,000,000 | 16,725,000,000 | 16,725,000,000 | 648,900,000 | 8,606,593,000 | ||||||||||||||||||
liabilities and shareholders' equity | ||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||
short-term borrowings | 2,102,000,000 | 2,695,000,000 | 2,200,000,000 | 2,200,000,000 | 1,207,000,000 | 1,221,000,000 | 982,000,000 | 650,000,000 | 966,000,000 | 1,708,000,000 | 1,903,000,000 | 800,000 | 800,000,000 | 1,017,000,000 | 1,035,000,000 | 808,000,000 | ||||||||||||||||||||||
accounts payable and accrued liabilities | 3,616,000,000 | 2,782,000,000 | 3,416,000,000 | 3,416,000,000 | 2,715,000,000 | 2,714,000,000 | 2,494,000,000 | 2,340,000,000 | 2,433,000,000 | 2,572,000,000 | 2,751,000,000 | 2,783,000 | 2,708,000,000 | 2,153,000,000 | 2,141,000,000 | 2,034,000,000 | 2,085,000,000 | 1,792,000,000 | 2,383,000,000 | 2,198,000,000 | 1,741,000,000 | 2,412,000,000 | 2,412,000,000 | 2,260,000,000 | 2,022,000,000 | 1,960,000,000 | 1,157,102,000 | 1,203,325,000 | 1,428,296,000 | 837,745,000 | 845,222,000 | |||||||
income tax payable | 18,000,000 | 186,000,000 | 115,000,000 | 115,000,000 | 224,000,000 | 344,000,000 | 374,000,000 | 299,000,000 | 232,000,000 | 129,000,000 | 170,000,000 | 186,000 | 96,000,000 | 54,000,000 | 137,000,000 | 739,000,000 | ||||||||||||||||||||||
other current liabilities | 500,000,000 | 303,000,000 | 607,000,000 | 607,000,000 | 521,000,000 | 115,000,000 | 103,000,000 | 126,000,000 | 114,000,000 | 126,000,000 | ||||||||||||||||||||||||||||
contract liabilities | 871,000,000 | 406,000,000 | 394,000,000 | 394,000,000 | 364,000,000 | 336,000,000 | 302,000,000 | 297,000,000 | 279,000,000 | 166,000,000 | 196,000,000 | |||||||||||||||||||||||||||
current portion of long-term debt | 2,256,000,000 | 1,225,000,000 | 1,551,000,000 | 1,551,000,000 | 1,530,000,000 | 1,450,000,000 | 1,450,000,000 | 1,450,000,000 | 1,450,000,000 | 1,400,000,000 | 400,000,000 | 750,000 | 1,000,000,000 | 886,000,000 | 1,000,000 | 430,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 510,489,000 | 343,680,000 | 618,236,000 | 393,060,000 | ||||||||||||
current portion of lease liabilities | 603,000,000 | 346,000,000 | 336,000,000 | |||||||||||||||||||||||||||||||||||
total current liabilities | 9,966,000,000 | 7,943,000,000 | 8,619,000,000 | 5,614,000,000 | 5,113,000 | 4,701,000,000 | 3,780,000,000 | 4,368,000,000 | ||||||||||||||||||||||||||||||
provisions | 62,000,000 | 51,000,000 | 50,000,000 | 35,000,000 | 33,000 | 52,000,000 | 52,000,000 | 37,000,000 | 38,000,000 | 62,000,000 | ||||||||||||||||||||||||||||
long-term debt | 42,196,000,000 | 30,195,000,000 | 17,137,000,000 | 13,465,000,000 | 15,330,000 | 14,889,000,000 | 15,490,000,000 | 13,335,000,000 | 10,034,000,000 | 10,034,000,000 | 8,463,000,000 | 7,582,000,000 | 8,550,000,000 | 8,506,000,000 | 8,506,000,000 | 6,032,000,000 | 5,863,000,000 | 6,651,000,000 | 8,271,188,000 | 8,276,569,000 | 7,432,151,000 | 4,788,311,000 | 4,834,174,000 | |||||||||||||||
lease liabilities | 2,195,000,000 | 1,621,000,000 | ||||||||||||||||||||||||||||||||||||
other long-term liabilities | 1,805,000,000 | 565,000,000 | 564,000,000 | 562,000 | 497,000,000 | 360,000,000 | 246,000,000 | 276,000,000 | 214,000,000 | 133,000,000 | 154,000,000 | 152,000,000 | 184,000,000 | 184,000,000 | 214,000,000 | 183,000,000 | 164,000,000 | 59,636,000 | 62,393,000 | |||||||||||||||||||
deferred tax liabilities | 6,270,000,000 | 3,439,000,000 | 2,713,000,000 | 1,744,000,000 | 1,766,000,000 | 1,619,000,000 | 1,390,000,000 | 660,000,000 | ||||||||||||||||||||||||||||||
total liabilities | 62,494,000,000 | 31,431,000,000 | 22,519,000,000 | 23,073,000 | 21,918,000,000 | 21,548,000,000 | 19,651,000,000 | 12,569,000,000 | 12,569,000,000 | |||||||||||||||||||||||||||||
shareholders' equity | 10,628,000,000 | 10,532,000,000 | 7,789,000,000 | 4,156,000,000 | 4,156,000,000 | 4,273,000,000 | 4,530,000,000 | 4,576,000,000 | 4,727,000,000 | 4,624,000,000 | 4,346,000,000 | 4,179,000,000 | 2,419,110,000 | 2,370,927,000 | 2,876,044,000 | |||||||||||||||||||||||
total liabilities and shareholders' equity | 73,122,000,000 | 41,963,000,000 | 30,308,000,000 | 648,900,000 | ||||||||||||||||||||||||||||||||||
restricted cash and cash equivalents | 12,837,000,000 | 13,131,000,000 | 13,131,000,000 | |||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||
shareholders’ equity | 5,468,000,000 | 5,441,000,000 | 5,122,000,000 | 3,572,000,000 | 3,835,000,000 | 4,727,000,000 | 1,708,771,000 | 1,946,787,000 | 1,708,771,000 | |||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 28,342,000 | 27,386,000,000 | 26,989,000,000 | 24,773,000,000 | ||||||||||||||||||||||||||||||||||
accounts receivable 1 | 2,856,000,000 | |||||||||||||||||||||||||||||||||||||
other current assets 1 | 516,000,000 | |||||||||||||||||||||||||||||||||||||
financing receivables 1 | 748,000,000 | |||||||||||||||||||||||||||||||||||||
other long-term assets 1 | 346,000,000 | |||||||||||||||||||||||||||||||||||||
other current liabilities 1 | 243,000,000 | |||||||||||||||||||||||||||||||||||||
other long-term liabilities 1 | ||||||||||||||||||||||||||||||||||||||
contract assets | 140,000,000 | 252,000,000 | 418,000,000 | 488,000,000 | 457,000,000 | |||||||||||||||||||||||||||||||||
deferred tax assets | 3,000,000 | 8,000 | 9,000,000 | 9,000,000 | 9,000,000 | 38,000,000 | 30,000,000 | 30,000,000 | ||||||||||||||||||||||||||||||
bank advances | 71,000 | 27,000,000 | 57,000,000 | 24,000,000 | ||||||||||||||||||||||||||||||||||
goodwill 1 | 3,905,000 | |||||||||||||||||||||||||||||||||||||
current portion of provisions | 134,000 | 10,000,000 | 4,000,000 | 7,000,000 | 6,000,000 | 35,000,000 | 19,000,000 | |||||||||||||||||||||||||||||||
unearned revenue | 367,000 | 388,000,000 | 426,000,000 | 495,000,000 | 404,000,000 | 335,000,000 | 330,000,000 | 284,000,000 | 265,000,000 | 279,000,000 | 239,000,000 | 239,000,000 | 225,000,000 | 211,000,000 | 227,000,000 | 156,769,000 | 167,796,000 | 152,723,000 | 107,792,000 | 104,589,000 | ||||||||||||||||||
deferred tax liabilities 1 | 1,917,000 | |||||||||||||||||||||||||||||||||||||
shareholders’ equity 1 | 5,269,000 | |||||||||||||||||||||||||||||||||||||
contingent liabilities | ||||||||||||||||||||||||||||||||||||||
income taxes payable | ||||||||||||||||||||||||||||||||||||||
deferred tax liability | ||||||||||||||||||||||||||||||||||||||
operating revenue | 3,138,000,000 | 3,111,000,000 | ||||||||||||||||||||||||||||||||||||
operating profit | 1,073,000,000 | 1,165,000,000 | ||||||||||||||||||||||||||||||||||||
net income | 302,000,000 | 380,000,000 | ||||||||||||||||||||||||||||||||||||
basic net income per share | 540,000 | |||||||||||||||||||||||||||||||||||||
comprehensive income | 276,000,000 | 405,000,000 | ||||||||||||||||||||||||||||||||||||
as adjusted: | ||||||||||||||||||||||||||||||||||||||
basic and diluted net income per share | 660,000 | |||||||||||||||||||||||||||||||||||||
future income tax assets | 220,000,000 | 171,000,000 | 137,000,000 | 446,000,000 | 446,000,000 | 594,000,000 | 577,000,000 | 571,000,000 | ||||||||||||||||||||||||||||||
bank advances, arising from outstanding cheques | 19,000,000 | 19,000,000 | 61,000,000 | 78,000,000 | 31,000,000 | |||||||||||||||||||||||||||||||||
future income tax liabilities | 397,000,000 | 361,000,000 | 320,000,000 | 344,000,000 | 344,000,000 | 104,000,000 | ||||||||||||||||||||||||||||||||
guarantees (note 15(e)(ii)) commitments (note 23) contingent liabilities (note 24) canadian and united states accounting policy differences (note 25) subsequent events (notes 22 and 26) see accompanying notes to consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||
on behalf of the board: | ||||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||||
liabilities | ||||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||||
fair value of derivative instruments | 374,504,000 | 447,283,000 | ||||||||||||||||||||||||||||||||||||
guarantees | ||||||||||||||||||||||||||||||||||||||
commitments | ||||||||||||||||||||||||||||||||||||||
canadian and united states accounting policy differences | ||||||||||||||||||||||||||||||||||||||
subsequent events | ||||||||||||||||||||||||||||||||||||||
see accompanying notes to consolidated financial statements. on behalf of the board: | ||||||||||||||||||||||||||||||||||||||
deferred charges | 111,000,000 | 55,000,000 | 60,000,000 | 134,793,000 | 129,818,000 | 134,466,000 | 198,761,000 | 214,606,000 | ||||||||||||||||||||||||||||||
current assets: - sum | 2,067,000,000 | 2,094,000,000 | ||||||||||||||||||||||||||||||||||||
current liabilities: - sum | 2,419,000,000 | 2,219,000,000 | ||||||||||||||||||||||||||||||||||||
short-term investments | 34,800,000 | |||||||||||||||||||||||||||||||||||||
cash, cash equivalents and short-term investments | 73,700,000 | |||||||||||||||||||||||||||||||||||||
accounts receivable [note 3] | 22,800,000 | |||||||||||||||||||||||||||||||||||||
other current assets [note 4] | 30,200,000 | |||||||||||||||||||||||||||||||||||||
capital assets [note 5] | 458,300,000 | |||||||||||||||||||||||||||||||||||||
intangible assets [note 6a] | 52,200,000 | |||||||||||||||||||||||||||||||||||||
other assets [note 6b] | 11,700,000 | |||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities [note 7] | 149,700,000 | |||||||||||||||||||||||||||||||||||||
long-term debt [note 8a] | 268,500,000 | |||||||||||||||||||||||||||||||||||||
other long-term liabilities [note 8b] | 53,300,000 | |||||||||||||||||||||||||||||||||||||
commitments, guarantees and contingencies [notes 8, 11 and 12] | ||||||||||||||||||||||||||||||||||||||
shareholders' equity capital stock [note 9] common shares, unlimited authorized | 49,700,000 | |||||||||||||||||||||||||||||||||||||
class b non-voting shares, unlimited authorized | 298,500,000 | |||||||||||||||||||||||||||||||||||||
preferred shares, unlimited authorized | ||||||||||||||||||||||||||||||||||||||
contributed surplus [notes 2 and 9] | 4,400,000 | |||||||||||||||||||||||||||||||||||||
deficit | -175,200,000 | |||||||||||||||||||||||||||||||||||||
total shareholders' equity | 177,400,000 | |||||||||||||||||||||||||||||||||||||
current assets - sum | 1,083,145,000 | 972,120,000 | ||||||||||||||||||||||||||||||||||||
other intangible assets | 2,681,518,000 | 2,780,873,000 | 405,582,000 | 405,857,000 | ||||||||||||||||||||||||||||||||||
other long term assets | 80,577,000 | 84,606,000 | 89,443,000 | 31,283,000 | ||||||||||||||||||||||||||||||||||
current liabilities - sum | 1,824,360,000 | 1,369,886,000 | ||||||||||||||||||||||||||||||||||||
(thousands of dollars, | ||||||||||||||||||||||||||||||||||||||
except per share amounts) | ||||||||||||||||||||||||||||||||||||||
income statement | ||||||||||||||||||||||||||||||||||||||
wireless | 592,841,000 | |||||||||||||||||||||||||||||||||||||
cable | 473,074,000 | |||||||||||||||||||||||||||||||||||||
media | 215,741,000 | |||||||||||||||||||||||||||||||||||||
blue jays | ||||||||||||||||||||||||||||||||||||||
corporate and eliminations | -16,907,000 | |||||||||||||||||||||||||||||||||||||
corporate | -15,443,000 | |||||||||||||||||||||||||||||||||||||
other expense | ||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 246,090,000 | |||||||||||||||||||||||||||||||||||||
operating income | 135,767,000 | |||||||||||||||||||||||||||||||||||||
interest on long-term debt | -124,144,000 | |||||||||||||||||||||||||||||||||||||
other income | -75,383,000 | |||||||||||||||||||||||||||||||||||||
income tax recovery | -1,453,000 | |||||||||||||||||||||||||||||||||||||
non-controlling interest | 423,000 | 230,492,000 | 199,399,000 | |||||||||||||||||||||||||||||||||||
net income for the period | -64,790,000 | |||||||||||||||||||||||||||||||||||||
net income per share | -330 | |||||||||||||||||||||||||||||||||||||
operating profit margin % | ||||||||||||||||||||||||||||||||||||||
consolidated | 30,200 | |||||||||||||||||||||||||||||||||||||
other statistics | ||||||||||||||||||||||||||||||||||||||
property, plant and equipment expenditures | 228,666,000 | |||||||||||||||||||||||||||||||||||||
total long-term debt, including current portion | 5,227,235,000 | |||||||||||||||||||||||||||||||||||||
other liabilities | 1,471,188,000 | |||||||||||||||||||||||||||||||||||||
other long term liabilities | 64,887,000 | 51,109,000 | 74,095,000 | |||||||||||||||||||||||||||||||||||
current portion of long -term debt | 392,657,000 | |||||||||||||||||||||||||||||||||||||
current portion of fair value of derivative instruments | 31,692,000 | |||||||||||||||||||||||||||||||||||||
liabilities: | ||||||||||||||||||||||||||||||||||||||
rogers communications inc. |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-02-24 | 2011-02-16 | 2009-12-31 | 2009-09-30 | 2008-02-22 | 2007-11-01 | 2006-06-30 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2005-03-17 | 2004-09-30 | 2004-07-21 | 2004-04-20 | 2004-02-23 | 2003-12-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash from operating activities before changes in net operating assets and liabilities, income taxes paid, and interest paid | 2,162,000,000 | 58,000,000 | -13,000,000 | 1,488,000,000 | |||||||||||||||||||||||||||||
change in net operating assets and liabilities | -83,000,000 | -62,000,000 | 537,000,000 | -321,000,000 | |||||||||||||||||||||||||||||
income taxes paid | -188,000,000 | 0 | -5,000,000 | -140,000,000 | -115,000,000 | -88,000,000 | -138,000,000 | -19,877,000 | |||||||||||||||||||||||||
interest paid | -595,000,000 | -99,000,000 | -13,000,000 | -214,000,000 | -222,000,000 | -395,000,000 | -52,000,000 | -7,000,000 | 70,000,000 | -87,000,000 | 76,521,000 | ||||||||||||||||||||||
cash from operating activities | 1,296,000,000 | -103,000,000 | 506,000,000 | 813,000,000 | -443,000,000 | 470,000,000 | 959,000,000 | 248,000,000 | 59,000,000 | 998,000,000 | -9,000,000 | 256,000,000 | 805,000,000 | 86,800,000 | 86,800,000 | ||||||||||||||||||
investing activities: | |||||||||||||||||||||||||||||||||
capital expenditures | -978,000,000 | -94,000,000 | -129,000,000 | -649,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||
free cash flows | 318,000,000 | -197,000,000 | 377,000,000 | 164,000,000 | -443,000,000 | 470,000,000 | 959,000,000 | 248,000,000 | 59,000,000 | 998,000,000 | -9,000,000 | 256,000,000 | 805,000,000 | 86,800,000 | 86,800,000 | ||||||||||||||||||
additions to program rights | -24,000,000 | -7,000,000 | 2,000,000 | -12,000,000 | -4,000,000 | -37,000,000 | -146,000,000 | 9,000,000 | -8,000,000 | -9,000,000 | |||||||||||||||||||||||
changes in non-cash working capital related to capital expenditures and intangible assets | 12,000,000 | 42,000,000 | 248,000,000 | -172,000,000 | |||||||||||||||||||||||||||||
acquisitions and other strategic transactions, net of cash acquired | |||||||||||||||||||||||||||||||||
other | 1,000,000 | -37,000,000 | 37,000,000 | 12,000,000 | 18,000,000 | 1,000,000 | -2,000,000 | 4,000,000 | -10,000,000 | 15,000,000 | -4,509,000 | -156,000 | -3,252,000 | ||||||||||||||||||||
cash from investing activities | -989,000,000 | -96,000,000 | 167,000,000 | -830,000,000 | -795,000,000 | 2,800,000 | 2,800,000 | ||||||||||||||||||||||||||
financing activities: | |||||||||||||||||||||||||||||||||
net proceeds received from (repayment of) short-term borrowings | |||||||||||||||||||||||||||||||||
net (repayment) issuance of long-term debt | |||||||||||||||||||||||||||||||||
net proceeds on settlement of debt derivatives and subsidiary equity derivatives | |||||||||||||||||||||||||||||||||
transaction costs incurred | -38,000,000 | -169,000,000 | |||||||||||||||||||||||||||||||
principal payments of lease liabilities | -133,000,000 | -4,000,000 | 1,000,000 | -77,000,000 | |||||||||||||||||||||||||||||
dividends paid to rci shareholders | |||||||||||||||||||||||||||||||||
distributions paid by subsidiaries to non-controlling interests | |||||||||||||||||||||||||||||||||
issuance of subsidiary shares to non-controlling interest | |||||||||||||||||||||||||||||||||
cash from financing activities | 1,475,000,000 | 71,000,000 | -14,042,000,000 | 13,242,000,000 | 1,239,000,000 | 1,211,000,000 | |||||||||||||||||||||||||||
change in cash and cash equivalents | 1,782,000,000 | 1,442,000,000 | -57,000,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 898,000,000 | -141,000,000 | 1,442,000,000 | 494,000,000 | -329,138,000 | 346,357,000 | -22,830,000 | 26,884,000 | |||||||||||||||||||||||||
cash and cash equivalents, end of period | 2,680,000,000 | 453,000,000 | -141,000,000 | 1,936,000,000 | 38,900,000 | 16,457,000 | 90,901,000 | 38,900,000 | -329,138,000 | 346,357,000 | 4,054,000 | ||||||||||||||||||||||
net (repayment of) proceeds received from short-term borrowings | -853,000,000 | ||||||||||||||||||||||||||||||||
net issuance (repayment) of long-term debt | 2,602,000,000 | 13,311,000,000 | 2,885,000,000 | ||||||||||||||||||||||||||||||
net proceeds on settlement of debt derivatives | 83,000,000 | ||||||||||||||||||||||||||||||||
dividends paid | -185,000,000 | -1,000,000 | 0 | -252,000,000 | -564,000,000 | 3,000,000 | -520,000,000 | 0 | |||||||||||||||||||||||||
net proceeds received from short-term borrowings | 503,000,000 | ||||||||||||||||||||||||||||||||
net proceeds on settlement of debt derivatives and forward contracts | 7,000,000 | 90,000,000 | |||||||||||||||||||||||||||||||
change in cash and cash equivalents and restricted cash and cash equivalents | -128,000,000 | -13,369,000,000 | 13,225,000,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash and cash equivalents, beginning of period | -144,000,000 | 13,225,000,000 | 715,000,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash and cash equivalents, end of period | -272,000,000 | -144,000,000 | 13,940,000,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents | 22,000,000 | -144,000,000 | 809,000,000 | ||||||||||||||||||||||||||||||
restricted cash and cash equivalents | -294,000,000 | 0 | 13,131,000,000 | ||||||||||||||||||||||||||||||
net payments on settlement of debt derivatives and forward contracts | -74,000,000 | ||||||||||||||||||||||||||||||||
net issuance of long-term debt | |||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | 26,884,000 | ||||||||||||||||||||||||||||||||
cash and cash equivalents, end of year | |||||||||||||||||||||||||||||||||
total revenue | |||||||||||||||||||||||||||||||||
total service revenue | |||||||||||||||||||||||||||||||||
adjusted ebitda 1 | |||||||||||||||||||||||||||||||||
net income | -33,000,000 | ||||||||||||||||||||||||||||||||
adjusted net income 1 | |||||||||||||||||||||||||||||||||
diluted earnings per share | -60,000 | ||||||||||||||||||||||||||||||||
adjusted diluted earnings per share 1 | |||||||||||||||||||||||||||||||||
free cash flow 1 | |||||||||||||||||||||||||||||||||
rogers communications inc. | |||||||||||||||||||||||||||||||||
net repayments of short-term borrowings | |||||||||||||||||||||||||||||||||
cash from operating activities before changes in non-cash working capital items, income taxes paid, and interest paid | 128,000,000 | -91,000,000 | 1,438,000,000 | 177,000,000 | 130,000,000 | 1,376,000,000 | |||||||||||||||||||||||||||
change in non-cash operating working capital items | -47,000,000 | -325,000,000 | 357,000,000 | -98,000,000 | 404,000,000 | -59,000,000 | 304,000,000 | ||||||||||||||||||||||||||
cash from operating activities before income taxes paid and interest paid | -425,000,000 | 450,000,000 | 1,252,000,000 | 329,000,000 | -66,000,000 | 1,363,000,000 | |||||||||||||||||||||||||||
net proceeds received from (repayments of) short-term borrowings | |||||||||||||||||||||||||||||||||
repurchase of class b non-voting shares | -659,000,000 | -12,000,000 | -939,000,000 | 101,000,000 | |||||||||||||||||||||||||||||
changes in non-cash working capital related to property, plant and equipment and intangible assets | |||||||||||||||||||||||||||||||||
net (repayment) proceeds received on short-term borrowings | |||||||||||||||||||||||||||||||||
principal payments of lease liabilities 1 | |||||||||||||||||||||||||||||||||
cash and cash equivalents (bank advances), beginning of period | 140,000,000 | -141,000,000 | 405,000,000 | ||||||||||||||||||||||||||||||
net (payments) proceeds on settlement of debt derivatives and forward contracts | |||||||||||||||||||||||||||||||||
cash and cash equivalents (bank advances), end of period | 140,000,000 | 264,000,000 | |||||||||||||||||||||||||||||||
net proceeds received (repayments) on short-term borrowings | 430,000,000 | ||||||||||||||||||||||||||||||||
net repayment of long-term debt | |||||||||||||||||||||||||||||||||
bank advances, beginning of period | |||||||||||||||||||||||||||||||||
operating revenue | 12,000,000 | ||||||||||||||||||||||||||||||||
wireless | |||||||||||||||||||||||||||||||||
cable | |||||||||||||||||||||||||||||||||
business solutions | |||||||||||||||||||||||||||||||||
media | |||||||||||||||||||||||||||||||||
corporate items and intercompany eliminations | |||||||||||||||||||||||||||||||||
total operating revenue | |||||||||||||||||||||||||||||||||
adjusted operating profit | |||||||||||||||||||||||||||||||||
adjusted operating profit 1 | |||||||||||||||||||||||||||||||||
deduct | |||||||||||||||||||||||||||||||||
stock-based compensation | |||||||||||||||||||||||||||||||||
depreciation and amortization | 1,316,000,000 | 29,000,000 | 1,314,000,000 | -30,000,000 | 11,000,000 | -1,000,000 | 17,113,000 | 341,633,000 | 1,092,551,000 | ||||||||||||||||||||||||
restructuring, acquisition and other | |||||||||||||||||||||||||||||||||
finance costs | 592,000,000 | ||||||||||||||||||||||||||||||||
other expense | |||||||||||||||||||||||||||||||||
net income before income taxes | |||||||||||||||||||||||||||||||||
income taxes | |||||||||||||||||||||||||||||||||
earnings per share: | |||||||||||||||||||||||||||||||||
basic | |||||||||||||||||||||||||||||||||
diluted | |||||||||||||||||||||||||||||||||
add | |||||||||||||||||||||||||||||||||
gain on acquisition of mobilicity | |||||||||||||||||||||||||||||||||
loss on non-controlling interest purchase obligation | |||||||||||||||||||||||||||||||||
loss on repayment of long-term debt | 28,210,000 | ||||||||||||||||||||||||||||||||
income tax impact of above items | |||||||||||||||||||||||||||||||||
income tax adjustment, legislative tax change | |||||||||||||||||||||||||||||||||
adjusted earnings per share 1: | |||||||||||||||||||||||||||||||||
additions to property, plant and equipment | -1,568,000,000 | -150,000,000 | -1,364,000,000 | -57,000,000 | -227,000,000 | -16,000,000 | -84,319,000 | -260,419,000 | -1,054,938,000 | -963,742,000 | -63,036,000 | ||||||||||||||||||||||
as at december 31 | |||||||||||||||||||||||||||||||||
assets | |||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||
accounts receivable | |||||||||||||||||||||||||||||||||
inventories | |||||||||||||||||||||||||||||||||
other current assets | |||||||||||||||||||||||||||||||||
current portion of derivative instruments | |||||||||||||||||||||||||||||||||
total current assets | |||||||||||||||||||||||||||||||||
property, plant and equipment | |||||||||||||||||||||||||||||||||
intangible assets | |||||||||||||||||||||||||||||||||
investments | |||||||||||||||||||||||||||||||||
derivative instruments | |||||||||||||||||||||||||||||||||
other long-term assets | |||||||||||||||||||||||||||||||||
deferred tax assets | |||||||||||||||||||||||||||||||||
goodwill | |||||||||||||||||||||||||||||||||
total assets | |||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||
short-term borrowings | |||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | |||||||||||||||||||||||||||||||||
income tax payable | |||||||||||||||||||||||||||||||||
current portion of provisions | |||||||||||||||||||||||||||||||||
unearned revenue | |||||||||||||||||||||||||||||||||
current portion of long-term debt | |||||||||||||||||||||||||||||||||
total current liabilities | |||||||||||||||||||||||||||||||||
provisions | |||||||||||||||||||||||||||||||||
long-term debt | |||||||||||||||||||||||||||||||||
other long-term liabilities | |||||||||||||||||||||||||||||||||
deferred tax liabilities | |||||||||||||||||||||||||||||||||
total liabilities | |||||||||||||||||||||||||||||||||
shareholders’ equity | |||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||
cash from operating activities before changes in non-cash working capital, income taxes paid, and interest paid | |||||||||||||||||||||||||||||||||
proceeds received on short-term borrowings | |||||||||||||||||||||||||||||||||
repayment of short-term borrowings | |||||||||||||||||||||||||||||||||
issuance of long-term debt | 3,860,000,000 | -1,965,000,000 | -650,000,000 | -1,338,000,000 | |||||||||||||||||||||||||||||
repayment of long-term debt | -2,682,000,000 | 1,066,000,000 | -1,884,000,000 | 974,000,000 | 1,361,000,000 | 749,000,000 | 10,416,000 | -354,263,000 | -6,043,533,000 | -1,691,480,000 | 399,955,000 | ||||||||||||||||||||||
proceeds on settlement of debt derivatives and forward contracts | |||||||||||||||||||||||||||||||||
payments on settlement of debt derivatives, forward contracts, and bond forwards | |||||||||||||||||||||||||||||||||
as adjusted 1 : | |||||||||||||||||||||||||||||||||
operating profit | |||||||||||||||||||||||||||||||||
basic earnings per share | |||||||||||||||||||||||||||||||||
1 | |||||||||||||||||||||||||||||||||
cash from: | |||||||||||||||||||||||||||||||||
operating activities: | |||||||||||||||||||||||||||||||||
net income for the year | -13,218,000 | 129,193,000 | |||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash flows from operating activities: | |||||||||||||||||||||||||||||||||
impairment of assets | |||||||||||||||||||||||||||||||||
gain on sale of tvtropolis | |||||||||||||||||||||||||||||||||
program rights amortization | |||||||||||||||||||||||||||||||||
income tax expense | |||||||||||||||||||||||||||||||||
pension contributions, net of expense | -35,000,000 | -3,000,000 | -29,000,000 | ||||||||||||||||||||||||||||||
stock-based compensation expense | 83,000,000 | -67,000,000 | -7,000,000 | -7,000,000 | -21,000,000 | 920,000 | 5,998,000 | 15,389,000 | |||||||||||||||||||||||||
gain on spectrum distribution | |||||||||||||||||||||||||||||||||
change in non-cash working capital items related to property, plant and equipment | 144,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||
proceeds on sale of tvtropolis | |||||||||||||||||||||||||||||||||
payment on settlement of cross-currency interest rate exchange agreement and debt-related forward contracts | |||||||||||||||||||||||||||||||||
proceeds on settlement of cross-currency interest rate exchange agreement and debt-related forward contracts | |||||||||||||||||||||||||||||||||
repurchase of class b non-voting shares, net of issuances | |||||||||||||||||||||||||||||||||
cash from (used) in financing activities | |||||||||||||||||||||||||||||||||
the change in non-cash operating working capital items is as follows: | |||||||||||||||||||||||||||||||||
the change in non-cash operating working capital items is as follows: - sum | 304,000,000 | ||||||||||||||||||||||||||||||||
supplemental cash flow disclosure: | |||||||||||||||||||||||||||||||||
non-cash acquisition of spectrum licences | |||||||||||||||||||||||||||||||||
normal course issuer bid in january 2008, rci applied to the toronto stock exchange (“tsx”) to make an ncib, which was accepted by the tsx on january 10, 2008, for purchases of its class b non-voting shares through the facilities of the tsx. the maximum number of class b non-voting shares that may be purchased pursuant to the ncib is the lesser of 15 million, representing approximately 3% of the number of class b non- voting shares outstanding at december 31, 2007, and that number of class b non-voting shares that can be purchased under the ncib for an aggregate purchase price of 300 million. the actual number of class b non-voting shares purchased, if any, and the timing of such purchases, will be determined by rci considering market conditions, stock prices, its cash position, and other factors. covenant compliance we are currently in compliance with all of the covenants under our debt instruments, and we expect to remain in compliance with all of these covenants during 2008. at december 31, 2007, there are no financial leverage covenants in effect other than those pursuant to our bank credit facility (see note 15(i) to the 2007 audited consolidated financial statements). based on our most restrictive leverage covenants, we could have incurred 14.6 billion of additional long-term debt at december 31, 2007, including the 1.16 billion undrawn portion of our existing 2.4 billion bank credit facility. 2008 cash requirements on a consolidated basis, we anticipate that we will generate a net cash surplus in 2008 from cash generated from operations. we expect that we will have sufficient capital resources to satisfy our cash funding requirements in 2008, including the funding of dividends on our class a voting and class b non-voting shares, taking into account cash from operations and the amount available under our 2.4 billion bank credit facility. at december 31, 2007, there were no restrictions on the flow of funds between subsidiary companies nor between rci and any of its subsidiaries. | |||||||||||||||||||||||||||||||||
operating profit 1 | |||||||||||||||||||||||||||||||||
net income 1 | |||||||||||||||||||||||||||||||||
diluted earnings per share 1 | |||||||||||||||||||||||||||||||||
pre-tax free cash flow 1 | |||||||||||||||||||||||||||||||||
operating income | -9,000,000 | ||||||||||||||||||||||||||||||||
as adjusted: | |||||||||||||||||||||||||||||||||
pre-tax free cash flow | |||||||||||||||||||||||||||||||||
for details on the determination of the ‘adjusted’ amounts and pre-tax free cash flow, which are non-gaap measures, see the section “non-gaap measures”. the items do not have any standardized meaning under ifrs and are therefore unlikely to be comparable to similar measures presented by other companies. | |||||||||||||||||||||||||||||||||
cash from operations before changes in non-cash operating items | 1,189,000,000 | ||||||||||||||||||||||||||||||||
increase in cash and cash equivalents | 1,221,000,000 | -606,000,000 | 303,000,000 | -65,000,000 | 254,281,000 | -37,172,000 | 297,577,000 | -675,495,000 | 369,187,000 | -22,830,000 | |||||||||||||||||||||||
video rental amortization | |||||||||||||||||||||||||||||||||
settlement of pension obligations | |||||||||||||||||||||||||||||||||
amortization of fair value decrement (increment) on long-term debt | |||||||||||||||||||||||||||||||||
share of the income of associates and joint ventures accounted for using the equity method, net of tax | -6,000,000 | ||||||||||||||||||||||||||||||||
change in non-cash working capital items related to pp&e | -127,000,000 | -87,000,000 | 24,000,000 | 21,066,000 | -35,516,000 | ||||||||||||||||||||||||||||
investment in cogeco inc. and cogeco cable inc. | |||||||||||||||||||||||||||||||||
acquisitions, net of cash and cash equivalents acquired | 21,000,000 | -6,000,000 | 6,000,000 | ||||||||||||||||||||||||||||||
premium on repayment of long-term debt | -49,188,000 | ||||||||||||||||||||||||||||||||
payment on settlement of cross-currency interest rate exchange agreement and forward contracts | |||||||||||||||||||||||||||||||||
proceeds on settlement of cross-currency interest rate exchange agreement and forward contracts | |||||||||||||||||||||||||||||||||
proceeds received on exercise of stock options | 2,000,000 | ||||||||||||||||||||||||||||||||
cash and cash equivalents (bank advances), beginning of year | |||||||||||||||||||||||||||||||||
cash and cash equivalents (bank advances), end of year | |||||||||||||||||||||||||||||||||
increase in accounts receivable | |||||||||||||||||||||||||||||||||
increase in other assets | |||||||||||||||||||||||||||||||||
decrease in accounts payable and accrued liabilities | |||||||||||||||||||||||||||||||||
increase in income tax payable | 3,000,000 | ||||||||||||||||||||||||||||||||
decrease in unearned revenue | |||||||||||||||||||||||||||||||||
program rights and video rental amortization | |||||||||||||||||||||||||||||||||
current income tax expense | |||||||||||||||||||||||||||||||||
deferred taxes | |||||||||||||||||||||||||||||||||
decrease in accounts receivable | -33,000,000 | ||||||||||||||||||||||||||||||||
decrease in other assets | -36,000,000 | ||||||||||||||||||||||||||||||||
increase in accounts payable and accrued liabilities | 462,000,000 | ||||||||||||||||||||||||||||||||
increase in unearned revenue | 11,000,000 | ||||||||||||||||||||||||||||||||
net income for the period | -43,000,000 | 111,000,000 | -15,000,000 | 325,000,000 | 86,280,000 | -71,502,000 | 30,325,000 | 23,735,000 | |||||||||||||||||||||||||
adjustments to reconcile net income to | |||||||||||||||||||||||||||||||||
net cash flows from operating activities: | |||||||||||||||||||||||||||||||||
impairment losses on goodwill, intangible assets, and other long-term assets | |||||||||||||||||||||||||||||||||
program rights and rogers retail rental amortization | 12,000,000 | 132,000,000 | 5,000,000 | ||||||||||||||||||||||||||||||
future income taxes | -90,000,000 | 270,000,000 | -109,000,000 | -79,000,000 | 252,000,000 | ||||||||||||||||||||||||||||
unrealized foreign exchange gain | 1,000,000 | ||||||||||||||||||||||||||||||||
change in fair value of derivative instruments | -17,000,000 | -5,716,000 | -4,798,000 | -26,774,000 | |||||||||||||||||||||||||||||
amortization of fair value increment on long-term debt | -4,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||
acquisition of spectrum licences | 3,000,000 | -15,000,000 | -10,000,000 | -4,765,000 | -6,055,000 | ||||||||||||||||||||||||||||
payment on settlement of cross-currency interest rate exchange agreements and forward contracts | |||||||||||||||||||||||||||||||||
proceeds on settlement of cross-currency interest rate exchange agreements and forward contracts | |||||||||||||||||||||||||||||||||
issuance of capital stock on exercise of stock options | 1,000,000 | 0 | -10,000,000 | ||||||||||||||||||||||||||||||
supplemental cash flow information: | |||||||||||||||||||||||||||||||||
adjustments to reconcile net income for the period to cash flows from operating activities: | |||||||||||||||||||||||||||||||||
change in the value of derivative instruments | 16,000,000 | ||||||||||||||||||||||||||||||||
amortization of fair value increment (decrement) on long-term debt | |||||||||||||||||||||||||||||||||
cash and cash equivalents (deficiency), beginning of period | -153,092,000 | 243,993,000 | |||||||||||||||||||||||||||||||
increase in income taxes payable | |||||||||||||||||||||||||||||||||
impairment losses on goodwill, intangible assets and other long-term assets | |||||||||||||||||||||||||||||||||
unrealized foreign exchange loss | -59,000,000 | 10,371,000 | 6,207,000 | 66,943,000 | |||||||||||||||||||||||||||||
stock-based compensation recovery | |||||||||||||||||||||||||||||||||
payment on re-couponing of cross-currency interest rate exchange agreements | |||||||||||||||||||||||||||||||||
cash deficiency, beginning of year | |||||||||||||||||||||||||||||||||
cash and cash equivalents (deficiency), end of year | 243,993,000 | -10,288,000 | |||||||||||||||||||||||||||||||
cash and cash equivalents (deficiency) are defined as cash and short-term deposits, which have an original maturity of less than 90 days, less bank advances. for supplemental cash flow information see note 20(b). see accompanying notes to consolidated financial statements. | |||||||||||||||||||||||||||||||||
payment on re-couponing of cross- currency interest rate exchange agreements | |||||||||||||||||||||||||||||||||
cash and cash equivalents (deficiency), end of period | 99,000,000 | ||||||||||||||||||||||||||||||||
adjustments to reconcile net income to cash flows from operating activities: | |||||||||||||||||||||||||||||||||
pension expense, net of contributions | |||||||||||||||||||||||||||||||||
cash deficiency, beginning of period | -47,000,000 | 46,000,000 | |||||||||||||||||||||||||||||||
change in the fair value of derivative instruments | |||||||||||||||||||||||||||||||||
stock option plan amendment | |||||||||||||||||||||||||||||||||
amortization of fair value increment of long-term debt | |||||||||||||||||||||||||||||||||
additions to program rights and crtc commitments | |||||||||||||||||||||||||||||||||
financing costs incurred | -66,071,000 | -6,220,000 | |||||||||||||||||||||||||||||||
increase (decrease) in cash and cash equivalents | 64,000,000 | -93,000,000 | |||||||||||||||||||||||||||||||
cash deficiency, end of period | 17,000,000 | -47,000,000 | |||||||||||||||||||||||||||||||
amortization of fair value increment on long-term debt and derivatives | |||||||||||||||||||||||||||||||||
cash deficiency, end of year | |||||||||||||||||||||||||||||||||
program rights and rogers retail rental depreciation | 18,000,000 | -4,000,000 | |||||||||||||||||||||||||||||||
amortization of fair value increment of long-term debt and derivatives | |||||||||||||||||||||||||||||||||
sale of income tax losses to related party | |||||||||||||||||||||||||||||||||
dividends paid on class a voting and class b non-voting shares | |||||||||||||||||||||||||||||||||
dividends paid on class a | |||||||||||||||||||||||||||||||||
voting and class b | |||||||||||||||||||||||||||||||||
non-voting shares | |||||||||||||||||||||||||||||||||
acquisitions | |||||||||||||||||||||||||||||||||
investing activities: - sum | 69,000,000 | ||||||||||||||||||||||||||||||||
decrease (increase) in accounts receivable | |||||||||||||||||||||||||||||||||
increase (decrease) in accounts payable and accrued liabilities | 48,000,000 | ||||||||||||||||||||||||||||||||
increase (decrease) in unearned revenue | 7,000,000 | ||||||||||||||||||||||||||||||||
decrease (increase) in other assets | 27,000,000 | ||||||||||||||||||||||||||||||||
financing activities: - sum | |||||||||||||||||||||||||||||||||
cash provided by: | |||||||||||||||||||||||||||||||||
program rights and video rental inventory depreciation | -1,146,000 | 22,488,000 | 88,328,000 | ||||||||||||||||||||||||||||||
accreted interest on convertible preferred securities | 57,000 | 5,376,000 | |||||||||||||||||||||||||||||||
amortization on fair value increment of long-term debt and derivatives | 0 | -3,351,000 | |||||||||||||||||||||||||||||||
change in non-cash working capital items | 32,591,000 | -129,178,000 | |||||||||||||||||||||||||||||||
proceeds on termination of cross-currency interest rate exchange agreements | 402,191,000 | 58,416,000 | |||||||||||||||||||||||||||||||
payment on maturity of cross-currency interest rate exchange agreements | -470,825,000 | ||||||||||||||||||||||||||||||||
issue of capital stock | 11,014,000 | 26,113,000 | 302,231,000 | 252,011,000 | -44,000 | ||||||||||||||||||||||||||||
dividend on class a voting and class b non-voting shares | |||||||||||||||||||||||||||||||||
exercise of fido call rights on warrants | |||||||||||||||||||||||||||||||||
acquisition of rogers centre | 27,202,000 | -25,857,000 | |||||||||||||||||||||||||||||||
proceeds on sale of investments | -6,765,000 | 9,484,000 | -10,687,000 | ||||||||||||||||||||||||||||||
increase in cash | -153,092,000 | ||||||||||||||||||||||||||||||||
operating activities net loss for the period | |||||||||||||||||||||||||||||||||
add (deduct) operating items not requiring cash: depreciation and amortization | 146,600,000 | 146,600,000 | |||||||||||||||||||||||||||||||
unrealized foreign exchange loss on long-term debt | |||||||||||||||||||||||||||||||||
reversal of change in control provision [note 12] | |||||||||||||||||||||||||||||||||
loss (gain) on repurchase of long-term debt [note 8(a)] | 4,000,000 | ||||||||||||||||||||||||||||||||
income taxes [note 10] | 3,900,000 | 3,900,000 | |||||||||||||||||||||||||||||||
other non-cash operating expenses | 2,700,000 | 2,700,000 | |||||||||||||||||||||||||||||||
net losses on disposals and writedowns of capital assets [note 5] | 900,000 | ||||||||||||||||||||||||||||||||
realignment, restructuring and other charges [note 15] | 1,200,000 | 1,200,000 | |||||||||||||||||||||||||||||||
interest accretion on long-term debt | |||||||||||||||||||||||||||||||||
cash from operations before changes in non-cash working capital | 58,400,000 | 58,400,000 | |||||||||||||||||||||||||||||||
net change in non-cash working capital balances related to operations [note 17] | 28,400,000 | 28,400,000 | |||||||||||||||||||||||||||||||
investing activities (increase) decrease in short-term investments | 58,800,000 | ||||||||||||||||||||||||||||||||
acquisition of capital assets [note 17] | |||||||||||||||||||||||||||||||||
increase in long-term investment [note 6] | |||||||||||||||||||||||||||||||||
net proceeds on disposal of capital assets and rights [note 5] | 400,000 | 400,000 | |||||||||||||||||||||||||||||||
acquisitions [note 13] | |||||||||||||||||||||||||||||||||
increase in deferred costs | |||||||||||||||||||||||||||||||||
financing activities | |||||||||||||||||||||||||||||||||
decrease in right-of-way liability | |||||||||||||||||||||||||||||||||
issuance of common shares | |||||||||||||||||||||||||||||||||
repurchase of long-term debt [note 8(a)] | |||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents during the period cash and cash equivalents, beginning of period [note 1] | |||||||||||||||||||||||||||||||||
adjustments to reconcile loss to cash flows from operating activities: | |||||||||||||||||||||||||||||||||
gain on sale of investments | 6,048,000 | -8,961,000 | -14,454,000 | ||||||||||||||||||||||||||||||
writedown of investments | 6,122,000 | ||||||||||||||||||||||||||||||||
loss (income) from investments accounted for by the equity method | 4,567,000 | -4,303,000 | |||||||||||||||||||||||||||||||
accreted interest due on repayment of certain notes payable | |||||||||||||||||||||||||||||||||
distributions from investments | -2,396,000 | ||||||||||||||||||||||||||||||||
non-controlling interest | 79,581,000 | ||||||||||||||||||||||||||||||||
issue of long-term debt | 34,000,000 | 382,000,000 | 8,982,443,000 | 1,589,518,000 | 18,118,000 | ||||||||||||||||||||||||||||
dividends on class b non-voting and class a voting shares | -12,313,000 | ||||||||||||||||||||||||||||||||
acquisition of nowtv | |||||||||||||||||||||||||||||||||
investment in toronto blue jays | -99,235,000 | ||||||||||||||||||||||||||||||||
acquisition of dome productions | |||||||||||||||||||||||||||||||||
increase (decrease) in cash | |||||||||||||||||||||||||||||||||
loss for the period | -46,027,000 | ||||||||||||||||||||||||||||||||
accrued interest due on repayment of certain notes payable | 2,424,000 | ||||||||||||||||||||||||||||||||
write-down of investments | 6,021,000 | ||||||||||||||||||||||||||||||||
losses from investments accounted for by the equity method | 18,694,000 | ||||||||||||||||||||||||||||||||
change in non-cash working capital | -62,090,000 | ||||||||||||||||||||||||||||||||
payment on termination of cross-currency interest rate exchange agreements | -64,602,000 | ||||||||||||||||||||||||||||||||
distribution on convertible preferred securities | -33,000,000 | -33,000,000 | |||||||||||||||||||||||||||||||
dividends paid on class b non-voting, class a voting and series e preferred shares | -23,422,000 | ||||||||||||||||||||||||||||||||
change in non-cash working capital related to pp&e | 59,994,000 | ||||||||||||||||||||||||||||||||
acquisition of wireless | -1,772,840,000 | ||||||||||||||||||||||||||||||||
acquisition of microcell telecommunications inc., net of cash acquired | -1,148,637,000 | ||||||||||||||||||||||||||||||||
other acquisitions | -66,700,000 | ||||||||||||||||||||||||||||||||
proceeds on sale of other investments | 7,816,000 | ||||||||||||||||||||||||||||||||
other investments | -4,327,000 | -27,937,000 | 47,068,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents (deficiency), beginning of year | -10,288,000 | ||||||||||||||||||||||||||||||||
operating activities net income for the period | |||||||||||||||||||||||||||||||||
unrealized foreign exchange (gain) loss on long-term debt | |||||||||||||||||||||||||||||||||
gain on repurchase of long-term debt [note 8(a)] | 4,000,000 | ||||||||||||||||||||||||||||||||
net incomees on disposals and writedowns of capital assets [note 5] | 900,000 | ||||||||||||||||||||||||||||||||
investing activities increase in short-term investments | 58,800,000 | ||||||||||||||||||||||||||||||||
gain on sale of other investments | |||||||||||||||||||||||||||||||||
dividends from associated companies | |||||||||||||||||||||||||||||||||
dividends on preferred shares and distributions on convertible | |||||||||||||||||||||||||||||||||
preferred securities | |||||||||||||||||||||||||||||||||
dividends on class b non-voting, class a voting and series e preferred shares | -11,607,000 | ||||||||||||||||||||||||||||||||
property, plant and equipment expenditures | |||||||||||||||||||||||||||||||||
acquisition of 20% interest in toronto blue jays | |||||||||||||||||||||||||||||||||
acquisitions of subsidiary companies, net of cash acquired | |||||||||||||||||||||||||||||||||
cash (deficiency), beginning of period | |||||||||||||||||||||||||||||||||
cash, end of period | |||||||||||||||||||||||||||||||||
operating expenses | |||||||||||||||||||||||||||||||||
cost of equipment sales | |||||||||||||||||||||||||||||||||
sales and marketing expenses | |||||||||||||||||||||||||||||||||
operating, general and administrative expenses | |||||||||||||||||||||||||||||||||
total operating expenses | |||||||||||||||||||||||||||||||||
average monthly operating expense per subscriber before sales and marketing and equipment margin | |||||||||||||||||||||||||||||||||
sales and marketing costs per gross subscriber addition | |||||||||||||||||||||||||||||||||
change in non-cash operating items | -130,821,000 | ||||||||||||||||||||||||||||||||
premium on early repayment of long-term debt | -19,348,000 | ||||||||||||||||||||||||||||||||
redemption of preferred and collateralized equity instruments | |||||||||||||||||||||||||||||||||
proceeds on disposition of at&t canada deposit receipts | |||||||||||||||||||||||||||||||||
proceeds on sales of other investments | 20,705,000 | ||||||||||||||||||||||||||||||||
acquisitions, net of cash acquired | |||||||||||||||||||||||||||||||||
dividends on preferred shares and distributions on convertible preferred securities | |||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash financing and investing activities: | |||||||||||||||||||||||||||||||||
accretion on preferred securities | |||||||||||||||||||||||||||||||||
accretion on collateralized securities | |||||||||||||||||||||||||||||||||
class b non-voting shares issued on conversion of series b and e convertible preferred shares | |||||||||||||||||||||||||||||||||
class b non-voting shares issued in consideration for acquisition of shares of cogeco cable inc. | |||||||||||||||||||||||||||||||||
class b non-voting shares issued in consideration for class b restricted voting shares of rogers wireless communications inc. | |||||||||||||||||||||||||||||||||
distributions on convertible preferred securities and dividends on class a voting, class b non-voting and series e preferred shares | |||||||||||||||||||||||||||||||||
class b non-voting shares issued in consideration for acquisition of | |||||||||||||||||||||||||||||||||
change in: | |||||||||||||||||||||||||||||||||
funds received from non-controlling shareholders | |||||||||||||||||||||||||||||||||
issue of equity instruments | |||||||||||||||||||||||||||||||||
dividends on preferred shares and distribution on convertible preferred securities | |||||||||||||||||||||||||||||||||
proceeds on sales of subsidiaries |