RCI FY 2014 Earnings Report — Rogers Communications Inc. Revenue & Financial Results | Market Cap Arena

Rogers Communications Inc.RCI

FY 2014 Earnings

Reported December 30, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$9.4B	—	$9.3B	—	1.1%
Op. Income	$2.1B	—	$2.1B	—	-3.0%
Gross Margin	38.8%	—	38.6%	—	0.1pp
Net Margin	10.4%	—	13.1%	—	-2.7pp
EPS (Diluted)	$1.87	—	$2.36	—	-20.5%
Free Cash Flow	$805M	—	$1.2B	—	-34.5%

Revenue Flow

Item	Amount
REVENUE	$9.4B
Cost of Revenue	$5.8B
GROSS PROFIT	$3.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.4B
SG&A Expenses	$1.4B
Other Expenses	$2.2B
Operating Expenses	$3.6B
Cost & Expenses	$9.4B
OPERATING INCOME	$2.1B
Interest Income	$0
Interest Expense	$529M
Other Income/Expenses	-$725M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$370M
Net Income from Continuing Ops	$981M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$981M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$981M
D&A	$1.6B
EBIT	$1.9B
EBITDA	$3.5B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$9.4B
Cost of Revenue	$5.8B
GROSS PROFIT	$3.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.4B
SG&A Expenses	$1.4B
Other Expenses	$2.2B
Operating Expenses	$3.6B
Cost & Expenses	$9.4B
OPERATING INCOME	$2.1B
Interest Income	$0
Interest Expense	$529M
Other Income/Expenses	-$725M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$370M
Net Income from Continuing Ops	$981M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$981M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$981M
D&A	$1.6B
EBIT	$1.9B
EBITDA	$3.5B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$981M
Depreciation & Amortization	$1.6B
Stock-Based Compensation	$27M
Deferred Income Tax	$370M
Other Non-Cash Items	-$298M
Change in Working Capital	$8M
OPERATING CASH FLOW	$2.7B
Capital Expenditure	-$1.9B
Acquisitions (Net)	-$2.5B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$75M
NET CASH FROM INVESTING	-$4.4B
Net Debt Issuance	$770M
Common Stock Repurchased	$0
Common Dividends Paid	-$680M
Other Financing Activities	$4M
NET CASH FROM FINANCING	$94M
FREE CASH FLOW	$805M
Net Change in Cash	-$1.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$129M
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$184M
Other Current Assets	$140M
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$7.8B
Goodwill	$2.8B
Intangible Assets	$4.8B
Long-Term Investments	$1.4B
Tax Assets	$7M
Other Non-Current Assets	$837M
TOTAL NON-CURRENT ASSETS	$17.7B
TOTAL ASSETS	$19.4B
Account Payables	$1.8B
Short-Term Debt	$1.3B
Deferred Revenue	$324M
Other Current Liabilities	$146M
TOTAL CURRENT LIABILITIES	$3.6B
Long-Term Debt	$10.1B
Deferred Revenue NC	$351M
Deferred Tax Liabilities	$1.3B
Other Non-Current Liabilities	$35M
TOTAL NON-CURRENT LIABILITIES	$11.8B
TOTAL LIABILITIES	$15.4B
Common Stock	$347M
Additional Paid-In Capital	$0
Retained Earnings	$3.1B
Treasury Stock	$0
Accum. Other Comp. Income	$611M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.0B
Minority Interest	$0
TOTAL EQUITY	$4.0B
TOTAL LIABILITIES & EQUITY	$19.4B
Total Debt	$11.4B
Net Debt	$11.3B