RCI FY 2012 Earnings Report — Rogers Communications Inc. Revenue & Financial Results | Market Cap Arena

Rogers Communications Inc.RCI

FY 2012 Earnings

Reported December 30, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$9.1B	—	$9.0B	—	1.1%
Op. Income	$2.0B	—	$2.1B	—	-3.5%
Gross Margin	38.1%	—	37.8%	—	0.3pp
Net Margin	13.6%	—	12.7%	—	0.9pp
EPS (Diluted)	$2.37	—	$2.09	—	13.3%
Free Cash Flow	$969M	—	$1.2B	—	-17.6%

Revenue Flow

Item	Amount
REVENUE	$9.1B
Cost of Revenue	$5.7B
GROSS PROFIT	$3.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.3B
SG&A Expenses	$1.3B
Other Expenses	$130M
Operating Expenses	$1.5B
Cost & Expenses	$7.1B
OPERATING INCOME	$2.0B
Interest Income	$0
Interest Expense	$486M
Other Income/Expenses	-$308M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$453M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	-$23M
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$1.4B
EBIT	$2.2B
EBITDA	$3.6B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$9.1B
Cost of Revenue	$5.7B
GROSS PROFIT	$3.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.3B
SG&A Expenses	$1.3B
Other Expenses	$130M
Operating Expenses	$1.5B
Cost & Expenses	$7.1B
OPERATING INCOME	$2.0B
Interest Income	$0
Interest Expense	$486M
Other Income/Expenses	-$308M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$453M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	-$23M
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$1.4B
EBIT	$2.2B
EBITDA	$3.6B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$1.4B
Stock-Based Compensation	$56M
Deferred Income Tax	$446M
Other Non-Cash Items	-$446M
Change in Working Capital	-$181M
OPERATING CASH FLOW	$2.5B
Capital Expenditure	-$1.5B
Acquisitions (Net)	$0
Purchases of Investments	-$517M
Sales/Maturities of Investments	$0
Other Investing Activities	-$23M
NET CASH FROM INVESTING	-$2.1B
Net Debt Issuance	$622M
Common Stock Repurchased	-$256M
Common Dividends Paid	-$587M
Other Financing Activities	-$10M
NET CASH FROM FINANCING	-$232M
FREE CASH FLOW	$969M
Net Change in Cash	$197M

Balance Sheet

Item	Amount
Cash & Equivalents	$156M
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$214M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$7.0B
Goodwill	$2.4B
Intangible Assets	$2.2B
Long-Term Investments	$1.1B
Tax Assets	$23M
Other Non-Current Assets	$102M
TOTAL NON-CURRENT ASSETS	$12.7B
TOTAL ASSETS	$14.3B
Account Payables	$1.6B
Short-Term Debt	$255M
Deferred Revenue	$252M
Other Current Liabilities	$110M
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$7.6B
Deferred Revenue NC	$621M
Deferred Tax Liabilities	$1.1B
Other Non-Current Liabilities	$653M
TOTAL NON-CURRENT LIABILITIES	$9.4B
TOTAL LIABILITIES	$11.6B
Common Stock	$343M
Additional Paid-In Capital	$0
Retained Earnings	$2.2B
Treasury Stock	$0
Accum. Other Comp. Income	$185M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$0
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$14.3B
Total Debt	$7.9B
Net Debt	$7.7B