RCI FY 2024 Earnings Report — Rogers Communications Inc. Revenue & Financial Results | Market Cap Arena

Rogers Communications Inc.RCI

FY 2024 Earnings

Reported March 6, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$15.1B	—	$14.1B	—	6.7%
Op. Income	$3.7B	—	$3.3B	—	12.2%
Gross Margin	46.7%	—	44.4%	—	2.2pp
Net Margin	8.4%	—	4.4%	—	4.0pp
EPS (Diluted)	$2.34	—	$1.18	—	97.5%
Free Cash Flow	$1.1B	—	$808M	—	36.5%

Revenue Flow

Item	Amount
REVENUE	$15.1B
Cost of Revenue	$8.0B
GROSS PROFIT	$7.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$3.4B
Operating Expenses	$3.4B
Cost & Expenses	$11.4B
OPERATING INCOME	$3.7B
Interest Income	$4M
Interest Expense	$1.7B
Other Income/Expenses	-$2.0B
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$418M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$3.4B
EBIT	$3.2B
EBITDA	$6.7B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$15.1B
Cost of Revenue	$8.0B
GROSS PROFIT	$7.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$3.4B
Operating Expenses	$3.4B
Cost & Expenses	$11.4B
OPERATING INCOME	$3.7B
Interest Income	$4M
Interest Expense	$1.7B
Other Income/Expenses	-$2.0B
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$418M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$3.4B
EBIT	$3.2B
EBITDA	$6.7B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$3.4B
Stock-Based Compensation	$0
Deferred Income Tax	$418M
Other Non-Cash Items	-$314M
Change in Working Capital	-$640M
OPERATING CASH FLOW	$4.2B
Capital Expenditure	-$3.0B
Acquisitions (Net)	-$347M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$140M
NET CASH FROM INVESTING	-$3.3B
Net Debt Issuance	-$324M
Common Stock Repurchased	$0
Common Dividends Paid	-$540M
Other Financing Activities	$40M
NET CASH FROM FINANCING	-$824M
FREE CASH FLOW	$1.1B
Net Change in Cash	$72M

Balance Sheet

Item	Amount
Cash & Equivalents	$656M
Short-Term Investments	$0
Net Receivables	$4.1B
Inventory	$468M
Other Current Assets	$644M
TOTAL CURRENT ASSETS	$6.1B
PP&E (Net)	$18.3B
Goodwill	$11.9B
Intangible Assets	$13.1B
Long-Term Investments	$449M
Tax Assets	$0
Other Non-Current Assets	$2.3B
TOTAL NON-CURRENT ASSETS	$46.1B
TOTAL ASSETS	$52.2B
Account Payables	$3.0B
Short-Term Debt	$4.9B
Deferred Revenue	$585M
Other Current Liabilities	$352M
TOTAL CURRENT LIABILITIES	$9.2B
Long-Term Debt	$27.9B
Deferred Revenue NC	$206M
Deferred Tax Liabilities	$4.6B
Other Non-Current Liabilities	$1.1B
TOTAL NON-CURRENT LIABILITIES	$35.4B
TOTAL LIABILITIES	$44.6B
Common Stock	$1.7B
Additional Paid-In Capital	$0
Retained Earnings	$7.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.9B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.6B
Minority Interest	$0
TOTAL EQUITY	$7.6B
TOTAL LIABILITIES & EQUITY	$52.2B
Total Debt	$34.8B
Net Debt	$34.2B