RCI Q2 2017 Earnings Report — Rogers Communications Inc. Revenue & Financial Results | Market Cap Arena

Rogers Communications Inc.RCI

Q2 2017 Earnings

Reported June 29, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2017	Q1 2017	Q2 2016	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.5B	—	4.8%
Op. Income	$625M	—	$556M	—	12.4%
Gross Margin	38.4%	—	38.6%	—	-0.2pp
Net Margin	14.6%	—	11.4%	—	3.2pp
EPS (Diluted)	$0.75	—	$0.56	—	34.2%
Free Cash Flow	$258M	—	$336M	—	-23.3%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.6B
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$435M
SG&A Expenses	$435M
Other Expenses	$581M
Operating Expenses	$1.0B
Cost & Expenses	$2.6B
OPERATING INCOME	$625M
Interest Income	$4M
Interest Expense	$137M
Other Income/Expenses	-$105M
INCOME BEFORE TAX	$520M
Income Tax Expense	$134M
Net Income from Continuing Ops	$386M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$386M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$386M
D&A	$403M
EBIT	$655M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.6B
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$435M
SG&A Expenses	$435M
Other Expenses	$581M
Operating Expenses	$1.0B
Cost & Expenses	$2.6B
OPERATING INCOME	$625M
Interest Income	$4M
Interest Expense	$137M
Other Income/Expenses	-$105M
INCOME BEFORE TAX	$520M
Income Tax Expense	$134M
Net Income from Continuing Ops	$386M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$386M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$386M
D&A	$403M
EBIT	$655M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$388M
Depreciation & Amortization	$403M
Stock-Based Compensation	$14M
Deferred Income Tax	$133M
Other Non-Cash Items	-$170M
Change in Working Capital	-$166M
OPERATING CASH FLOW	$602M
Capital Expenditure	-$344M
Acquisitions (Net)	-$135M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$24M
NET CASH FROM INVESTING	-$502M
Net Debt Issuance	$69M
Common Stock Repurchased	$0
Common Dividends Paid	-$181M
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$118M
FREE CASH FLOW	$258M
Net Change in Cash	-$18M

Balance Sheet

Item	Amount
Cash & Equivalents	-$74M
Short-Term Investments	$148M
Net Receivables	$1.4B
Inventory	$212M
Other Current Assets	$214M
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$7.8B
Goodwill	$2.9B
Intangible Assets	$5.3B
Long-Term Investments	$1.7B
Tax Assets	$5M
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$18.9B
TOTAL ASSETS	$20.8B
Account Payables	$1.7B
Short-Term Debt	$1.5B
Deferred Revenue	$264M
Other Current Liabilities	$199M
TOTAL CURRENT LIABILITIES	$3.7B
Long-Term Debt	$10.9B
Deferred Revenue NC	$136M
Deferred Tax Liabilities	$1.4B
Other Non-Current Liabilities	$358M
TOTAL NON-CURRENT LIABILITIES	$12.9B
TOTAL LIABILITIES	$16.6B
Common Stock	$349M
Additional Paid-In Capital	$0
Retained Earnings	$3.3B
Treasury Stock	$0
Accum. Other Comp. Income	$523M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.2B
Minority Interest	$0
TOTAL EQUITY	$4.2B
TOTAL LIABILITIES & EQUITY	$20.8B
Total Debt	$12.4B
Net Debt	$12.5B