RCI Q4 2018 Earnings Report — Rogers Communications Inc. Revenue & Financial Results | Market Cap Arena

Rogers Communications Inc.RCI

Q4 2018 Earnings

Reported December 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2018	Q3 2018	Q4 2017	QoQ Change	YoY Change
Revenue	$2.9B	—	$2.7B	—	8.4%
Op. Income	$699M	—	$581M	—	20.4%
Gross Margin	38.6%	—	36.5%	—	2.1pp
Net Margin	12.7%	—	11.5%	—	1.2pp
EPS (Diluted)	$0.74	—	$0.59	—	24.7%
Free Cash Flow	$144M	—	$205M	—	-29.6%

Revenue Flow

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$330M
SG&A Expenses	$330M
Other Expenses	$781M
Operating Expenses	$1.1B
Cost & Expenses	$2.9B
OPERATING INCOME	$699M
Interest Income	$7M
Interest Expense	$127M
Other Income/Expenses	-$200M
INCOME BEFORE TAX	$500M
Income Tax Expense	$133M
Net Income from Continuing Ops	$367M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$367M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$367M
D&A	$426M
EBIT	$626M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$330M
SG&A Expenses	$330M
Other Expenses	$781M
Operating Expenses	$1.1B
Cost & Expenses	$2.9B
OPERATING INCOME	$699M
Interest Income	$7M
Interest Expense	$127M
Other Income/Expenses	-$200M
INCOME BEFORE TAX	$500M
Income Tax Expense	$133M
Net Income from Continuing Ops	$367M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$367M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$367M
D&A	$426M
EBIT	$626M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$367M
Depreciation & Amortization	$426M
Stock-Based Compensation	$61M
Deferred Income Tax	$133M
Other Non-Cash Items	$27M
Change in Working Capital	-$31M
OPERATING CASH FLOW	$768M
Capital Expenditure	-$624M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$85M
NET CASH FROM INVESTING	-$539M
Net Debt Issuance	$187M
Common Stock Repurchased	$0
Common Dividends Paid	-$181M
Other Financing Activities	$19M
NET CASH FROM FINANCING	$26M
FREE CASH FLOW	$144M
Net Change in Cash	$254M

Balance Sheet

Item	Amount
Cash & Equivalents	$296M
Short-Term Investments	$0
Net Receivables	$2.4B
Inventory	$341M
Other Current Assets	$319M
TOTAL CURRENT ASSETS	$3.6B
PP&E (Net)	$8.6B
Goodwill	$2.9B
Intangible Assets	$5.3B
Long-Term Investments	$1.6B
Tax Assets	$1.4B
Other Non-Current Assets	$96M
TOTAL NON-CURRENT ASSETS	$19.8B
TOTAL ASSETS	$23.3B
Account Payables	$2.2B
Short-Term Debt	$2.3B
Deferred Revenue	$170M
Other Current Liabilities	$21M
TOTAL CURRENT LIABILITIES	$5.0B
Long-Term Debt	$9.8B
Deferred Revenue NC	$411M
Deferred Tax Liabilities	$2.1B
Other Non-Current Liabilities	-$961M
TOTAL NON-CURRENT LIABILITIES	$12.4B
TOTAL LIABILITIES	$17.3B
Common Stock	$349M
Additional Paid-In Capital	$0
Retained Earnings	$5.2B
Treasury Stock	$0
Accum. Other Comp. Income	$380M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.0B
Minority Interest	$0
TOTAL EQUITY	$6.0B
TOTAL LIABILITIES & EQUITY	$23.3B
Total Debt	$12.1B
Net Debt	$11.8B