RCI FY 2021 Earnings Report — Rogers Communications Inc. Revenue & Financial Results | Market Cap Arena

Rogers Communications Inc.RCI

FY 2021 Earnings

Reported March 3, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$10.7B	—	$10.2B	—	5.3%
Op. Income	$2.4B	—	$0	—	—
Gross Margin	40.2%	—	42.1%	—	-1.9pp
Net Margin	10.6%	—	11.4%	—	-0.8pp
EPS (Diluted)	$2.24	—	$2.29	—	-1.9%
Free Cash Flow	$964M	—	$1.4B	—	-32.4%

Revenue Flow

Item	Amount
REVENUE	$10.7B
Cost of Revenue	$6.4B
GROSS PROFIT	$4.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.6B
SG&A Expenses	$1.6B
Other Expenses	$295M
Operating Expenses	$1.9B
Cost & Expenses	$8.3B
OPERATING INCOME	$2.4B
Interest Income	$31M
Interest Expense	$612M
Other Income/Expenses	-$859M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$416M
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	$1.9B
EBIT	$2.2B
EBITDA	$4.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$10.7B
Cost of Revenue	$6.4B
GROSS PROFIT	$4.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.6B
SG&A Expenses	$1.6B
Other Expenses	$295M
Operating Expenses	$1.9B
Cost & Expenses	$8.3B
OPERATING INCOME	$2.4B
Interest Income	$31M
Interest Expense	$612M
Other Income/Expenses	-$859M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$416M
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	$1.9B
EBIT	$2.2B
EBITDA	$4.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$1.9B
Stock-Based Compensation	$86M
Deferred Income Tax	$416M
Other Non-Cash Items	-$566M
Change in Working Capital	$27M
OPERATING CASH FLOW	$3.0B
Capital Expenditure	-$2.1B
Acquisitions (Net)	-$2.5B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$83M
NET CASH FROM INVESTING	-$4.5B
Net Debt Issuance	$915M
Common Stock Repurchased	$0
Common Dividends Paid	-$738M
Other Financing Activities	-$29M
NET CASH FROM FINANCING	$148M
FREE CASH FLOW	$964M
Net Change in Cash	-$1.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$523M
Short-Term Investments	$88M
Net Receivables	$2.9B
Inventory	$391M
Other Current Assets	$363M
TOTAL CURRENT ASSETS	$4.3B
PP&E (Net)	$10.7B
Goodwill	$2.9B
Intangible Assets	$9.0B
Long-Term Investments	$1.8B
Tax Assets	$1.7B
Other Non-Current Assets	$281M
TOTAL NON-CURRENT ASSETS	$26.4B
TOTAL ASSETS	$30.7B
Account Payables	$2.3B
Short-Term Debt	$2.7B
Deferred Revenue	$288M
Other Current Liabilities	$444M
TOTAL CURRENT LIABILITIES	$6.3B
Long-Term Debt	$12.5B
Deferred Revenue NC	$38M
Deferred Tax Liabilities	$2.5B
Other Non-Current Liabilities	$411M
TOTAL NON-CURRENT LIABILITIES	$16.7B
TOTAL LIABILITIES	$23.0B
Common Stock	$342M
Additional Paid-In Capital	$0
Retained Earnings	$6.5B
Treasury Stock	$0
Accum. Other Comp. Income	$842M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.7B
Minority Interest	$0
TOTAL EQUITY	$7.7B
TOTAL LIABILITIES & EQUITY	$30.7B
Total Debt	$16.7B
Net Debt	$16.2B