RCI FY 2009 Earnings Report — Rogers Communications Inc. Revenue & Financial Results | Market Cap Arena

Rogers Communications Inc.RCI

FY 2009 Earnings

Reported December 30, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$8.6B	—	$8.3B	—	3.5%
Op. Income	$2.0B	—	$1.7B	—	14.1%
Gross Margin	88.2%	—	88.5%	—	-0.3pp
Net Margin	12.6%	—	8.8%	—	3.8pp
EPS (Diluted)	$1.74	—	$1.15	—	51.6%
Free Cash Flow	$1.3B	—	$361M	—	246.9%

Revenue Flow

Item	Amount
REVENUE	$8.6B
Cost of Revenue	$1.0B
GROSS PROFIT	$7.6B
R&D Expenses	$0
Selling & Marketing	$883M
General & Administrative	$3.4B
SG&A Expenses	$4.3B
Other Expenses	$3.2B
Operating Expenses	$7.6B
Cost & Expenses	$8.6B
OPERATING INCOME	$2.0B
Interest Income	$0
Interest Expense	$474M
Other Income/Expenses	-$529M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$367M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$1.4B
EBIT	$1.9B
EBITDA	$3.3B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$8.6B
Cost of Revenue	$1.0B
GROSS PROFIT	$7.6B
R&D Expenses	$0
Selling & Marketing	$883M
General & Administrative	$3.4B
SG&A Expenses	$4.3B
Other Expenses	$3.2B
Operating Expenses	$7.6B
Cost & Expenses	$8.6B
OPERATING INCOME	$2.0B
Interest Income	$0
Interest Expense	$474M
Other Income/Expenses	-$529M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$367M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$1.4B
EBIT	$1.9B
EBITDA	$3.3B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$1.4B
Stock-Based Compensation	-$24M
Deferred Income Tax	$210M
Other Non-Cash Items	-$80M
Change in Working Capital	$193M
OPERATING CASH FLOW	$2.8B
Capital Expenditure	-$1.5B
Acquisitions (Net)	-$127M
Purchases of Investments	-$119M
Sales/Maturities of Investments	-$45M
Other Investing Activities	$113M
NET CASH FROM INVESTING	-$1.7B
Net Debt Issuance	$718M
Common Stock Repurchased	-$985M
Common Dividends Paid	-$515M
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$778M
FREE CASH FLOW	$1.3B
Net Change in Cash	$294M

Balance Sheet

Item	Amount
Cash & Equivalents	$280M
Short-Term Investments	$0
Net Receivables	$961M
Inventory	$114M
Other Current Assets	$206M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$6.0B
Goodwill	$2.2B
Intangible Assets	$2.0B
Long-Term Investments	$400M
Tax Assets	$192M
Other Non-Current Assets	$48M
TOTAL NON-CURRENT ASSETS	$10.8B
TOTAL ASSETS	$12.4B
Account Payables	$1.5B
Short-Term Debt	$731.4K
Deferred Revenue	$208M
Other Current Liabilities	$59M
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$6.2B
Deferred Revenue NC	$734M
Deferred Tax Liabilities	$290M
Other Non-Current Liabilities	$821M
TOTAL NON-CURRENT LIABILITIES	$7.3B
TOTAL LIABILITIES	$9.3B
Common Stock	$0
Additional Paid-In Capital	$1.7B
Retained Earnings	$1.0B
Treasury Stock	$0
Accum. Other Comp. Income	$31M
Other Equity	$386M
TOTAL STOCKHOLDERS' EQUITY	$3.1B
Minority Interest	$0
TOTAL EQUITY	$3.1B
TOTAL LIABILITIES & EQUITY	$12.4B
Total Debt	$6.2B
Net Debt	$5.9B