Rogers 2003 Annual Report Download - page 102

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2003 Annual Report Rogers Communications Inc.
100
Notes to Consolidated Financial Statements
2002
Corporate
items and Consolidated
Wireless Cable Media eliminations total
Operating revenue $ 1,965,927 $ 1,596,401 $ 810,805 $ (50,088) $ 4,323,045
Cost of sales 209,948 121,335 127,555 – 458,838
Sales and marketing expenses 462,784 193,644 176,610 – 833,038
Operating, general and administrative expenses 765,508 717,942 419,005 (12,900) 1,889,555
Operating income (loss) before the following 527,687 563,480 87,635 (37,188) 1,141,614
Management fees 11,006 31,745 10,773 (53,524) –
Other expense (recovery) (12,331) 5,850 – – (6,481)
Depreciation and amortization 457,133 484,225 33,291 6,809 981,458
Operating income 71,879 41,660 43,571 9,527 166,637
Interest on long-term debt (195,150) (208,645) (13,477) (74,007) (491,279)
Intercompany:
Interest expense – (4,687) (54,854) 59,541 –
Dividends – 5,447 63,534 (68,981) –
Gain on disposition of AT&T Canada Deposit Receipts – – – 904,262 904,262
Loss on sale of other investments – – – (565) (565)
Write-down of investments (11,136) – (289,848) (300,984)
Loss from investments accounted for by the equity method – – (2,481) (98,136) (100,617)
Gain (loss) on repayment of long-term debt 30,997 (20,880) – – 10,117
Foreign exchange gain (loss) 6,410 (3,090) 107 2,784 6,211
Investment and other income (expense) 417 (3,886) 208 5,550 2,289
Income tax reduction (expense) (5,258) 146,387 (840) (65,559) 74,730
Non-controlling interest – – – 41,231 41,231
Net income (loss) for the year $ (90,705) $ (58,830) $ 35,768 $ 425,799 $ 312,032
PP&E expenditures $ 564,552 $ 650,871 $ 42,692 $ 3,868 $ 1,261,983
Goodwill acquired $ 92,157 $ – $ 94,914 $ – $ 187,071
Goodwill $ 379,143 $ 926,445 $ 586,472 $ – $ 1,892,060
Identifiable assets $ 3,185,004 $ 3,806,778 $ 1,453,579 $ 79,142 $ 8,524,503
(b) Product revenue:
Revenue from external customers is comprised of the following:
2003 2002
Wireless:
Postpaid (voice and data) $ 1,920,993 $ 1,632,874
Prepaid 91,255 91,151
One-way messaging 27,565 35,238
Equipment sales 242,390 206,664
2,282,203 1,965,927
Cable:
Cable 1,167,496 1,095,736
Internet 322,290 242,635
Video store operations 282,635 262,995
Corporate eliminations (3,201) (4,965)
1,769,220 1,596,401
Media:
Advertising 456,357 422,627
Circulation and subscriber 127,258 121,094
Retail 210,547 202,219
Other 60,830 64,865
854,992 810,805
Corporate eliminations (59,052) (50,088)
$ 4,847,363 $ 4,323,045