RCI FY 2013 Earnings Report — Rogers Communications Inc. Revenue & Financial Results | Market Cap Arena

Rogers Communications Inc.RCI

FY 2013 Earnings

Reported December 30, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$9.3B	—	$9.1B	—	1.8%
Op. Income	$2.1B	—	$2.0B	—	5.8%
Gross Margin	38.6%	—	38.1%	—	0.5pp
Net Margin	13.1%	—	13.6%	—	-0.4pp
EPS (Diluted)	$2.36	—	$2.37	—	-0.6%
Free Cash Flow	$1.2B	—	$969M	—	26.9%

Revenue Flow

Item	Amount
REVENUE	$9.3B
Cost of Revenue	$5.7B
GROSS PROFIT	$3.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.4B
SG&A Expenses	$1.4B
Other Expenses	$31M
Operating Expenses	$1.5B
Cost & Expenses	$7.2B
OPERATING INCOME	$2.1B
Interest Income	$0
Interest Expense	$492M
Other Income/Expenses	-$483M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$436M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
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	$9.3B
Cost of Revenue	$5.7B
GROSS PROFIT	$3.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.4B
SG&A Expenses	$1.4B
Other Expenses	$31M
Operating Expenses	$1.5B
Cost & Expenses	$7.2B
OPERATING INCOME	$2.1B
Interest Income	$0
Interest Expense	$492M
Other Income/Expenses	-$483M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$436M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
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	$61M
Deferred Income Tax	$436M
Other Non-Cash Items	-$400M
Change in Working Capital	$174M
OPERATING CASH FLOW	$2.9B
Capital Expenditure	-$1.7B
Acquisitions (Net)	-$747M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$105M
NET CASH FROM INVESTING	-$2.5B
Net Debt Issuance	$2.1B
Common Stock Repurchased	-$15M
Common Dividends Paid	-$641M
Other Financing Activities	-$295M
NET CASH FROM FINANCING	$1.1B
FREE CASH FLOW	$1.2B
Net Change in Cash	$1.5B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.7B
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$202M
Other Current Assets	$383M
TOTAL CURRENT ASSETS	$3.2B
PP&E (Net)	$7.5B
Goodwill	$2.7B
Intangible Assets	$2.3B
Long-Term Investments	$1.1B
Tax Assets	$23M
Other Non-Current Assets	$399M
TOTAL NON-CURRENT ASSETS	$14.1B
TOTAL ASSETS	$17.3B
Account Payables	$1.6B
Short-Term Debt	$1.3B
Deferred Revenue	$256M
Other Current Liabilities	$161M
TOTAL CURRENT LIABILITIES	$3.4B
Long-Term Debt	$8.9B
Deferred Revenue NC	$90M
Deferred Tax Liabilities	$1.2B
Other Non-Current Liabilities	$315M
TOTAL NON-CURRENT LIABILITIES	$10.5B
TOTAL LIABILITIES	$13.8B
Common Stock	$346M
Additional Paid-In Capital	$0
Retained Earnings	$2.8B
Treasury Stock	$0
Accum. Other Comp. Income	$219M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.4B
Minority Interest	$0
TOTAL EQUITY	$3.4B
TOTAL LIABILITIES & EQUITY	$17.3B
Total Debt	$10.2B
Net Debt	$8.6B