RCI Q4 2017 Earnings Report — Rogers Communications Inc. Revenue & Financial Results | Market Cap Arena

Rogers Communications Inc.RCI

Q4 2017 Earnings

Reported December 30, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2017	Q3 2017	Q4 2016	QoQ Change	YoY Change
Revenue	$2.7B	—	$2.6B	—	3.5%
Op. Income	$581M	—	$503M	—	15.6%
Gross Margin	36.5%	—	35.4%	—	1.1pp
Net Margin	11.5%	—	-0.8%	—	12.3pp
EPS (Diluted)	$0.59	—	$-0.01	—	4150.0%
Free Cash Flow	$205M	—	$326M	—	-37.2%

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.7B
GROSS PROFIT	$970M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$329M
SG&A Expenses	$329M
Other Expenses	$641M
Operating Expenses	$970M
Cost & Expenses	$2.7B
OPERATING INCOME	$581M
Interest Income	-$2M
Interest Expense	$136M
Other Income/Expenses	-$159M
INCOME BEFORE TAX	$422M
Income Tax Expense	$116M
Net Income from Continuing Ops	$306M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$306M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$306M
D&A	$399M
EBIT	$555M
EBITDA	$955M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.7B
GROSS PROFIT	$970M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$329M
SG&A Expenses	$329M
Other Expenses	$641M
Operating Expenses	$970M
Cost & Expenses	$2.7B
OPERATING INCOME	$581M
Interest Income	-$2M
Interest Expense	$136M
Other Income/Expenses	-$159M
INCOME BEFORE TAX	$422M
Income Tax Expense	$116M
Net Income from Continuing Ops	$306M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$306M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$306M
D&A	$399M
EBIT	$555M
EBITDA	$955M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$306M
Depreciation & Amortization	$399M
Stock-Based Compensation	$10M
Deferred Income Tax	$116M
Other Non-Cash Items	$15M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$835M
Capital Expenditure	-$630M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$89M
NET CASH FROM INVESTING	-$541M
Net Debt Issuance	-$121M
Common Stock Repurchased	$0
Common Dividends Paid	-$181M
Other Financing Activities	$29M
NET CASH FROM FINANCING	-$273M
FREE CASH FLOW	$205M
Net Change in Cash	$21M

Balance Sheet

Item	Amount
Cash & Equivalents	-$308M
Short-Term Investments	$616M
Net Receivables	$1.5B
Inventory	$229M
Other Current Assets	$144M
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$8.2B
Goodwill	$2.9B
Intangible Assets	$5.3B
Long-Term Investments	$1.9B
Tax Assets	$2M
Other Non-Current Assets	$757M
TOTAL NON-CURRENT ASSETS	$18.9B
TOTAL ASSETS	$21.1B
Account Payables	$2.0B
Short-Term Debt	$2.4B
Deferred Revenue	$253M
Other Current Liabilities	$513M
TOTAL CURRENT LIABILITIES	$5.0B
Long-Term Debt	$9.3B
Deferred Revenue NC	$566M
Deferred Tax Liabilities	$1.6B
Other Non-Current Liabilities	$1.6B
TOTAL NON-CURRENT LIABILITIES	$11.5B
TOTAL LIABILITIES	$16.5B
Common Stock	$349M
Additional Paid-In Capital	$0
Retained Earnings	$3.6B
Treasury Stock	$0
Accum. Other Comp. Income	$691M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.6B
Minority Interest	$0
TOTAL EQUITY	$4.6B
TOTAL LIABILITIES & EQUITY	$21.1B
Total Debt	$11.7B
Net Debt	$12.0B