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64 Rogers Communications Inc. 2004 Annual Report
SUPPLEMENTARY INFORMATION
FIVE-YEAR FINANCIAL SUMMARY
Years ended December 31,
(thousands of dollars, except per share amounts) 2004 2003 2002 2001 2000
Income and Cash Flow
Revenue
Wireless1$ 2,783,525 $ 2,207,794 $ 1,891,514 $ 1,640,889 $ 1,544,883
Cable11,945,655 1,788,122 1,614,554 1,446,599 1,301,672
Media 899,763 854,992 810,805 721,710 681,023
Blue Jays 61,849 ––––
Corporate and eliminations (82,543) (59,052) (50,088) 4,772 –
$ 5,608,249 $ 4,791,856 $ 4,266,785 $ 3,813,970 $ 3,527,578
Operating Profit2
Wireless $ 950,391 $ 727,572 $ 527,687 $ 411,945 $ 410,924
Cable 708,659 663,474 563,480 516,805 457,777
Media 121,541 106,724 87,635 68,306 77,390
Blue Jays (6,169) ––––
Corporate and eliminations (40,281) (48,874) (37,188) (44,535) (28,366)
$ 1,734,141 $ 1,448,896 $ 1,141,614 $ 952,521 $ 917,725
Net Income (loss)4$ (13,218) $ 129,193 $ 312,032 $ (464,361) $ 127,520
Cash flow from operations3$ 1,338,019 $ 1,064,043 $ 715,839 $ 516,862 $ 809,214
Additions to PP&E $ 1,054,938 $ 963,742 $ 1,261,983 $ 1,420,747 $ 1,212,734
Average Class A and Class B shares
outstanding (000’s) 240,435 225,918 213,570 208,644 203,761
Per Share
Earnings (loss) – basic $ (0.28) $ 0.35 $ 1.05 $ (2.56) $ 0.37
– diluted (0.28) 0.34 0.83 (2.56) 0.37
Balance Sheet
Assets
Property, plant and equipment, net $ 5,486,837 $ 5,039,304 $ 5,051,998 $ 4,717,731 $ 4,047,329
Goodwill 3,388,687 1,891,636 1,892,060 1,711,551 1,477,227
Intangible assets 2,855,689 400,219 423,674 423,374 124,206
Investments 139,170 229,221 223,937 1,047,888 972,648
Other assets 1,402,355 905,115 1,115,064 1,298,400 1,370,697
$ 13,272,738 $ 8,465,495 $ 8,706,733 $ 9,198,944 $ 7,992,107
Liabilities and Shareholders’ Equity
Long-term debt5$ 8,050,387 $ 4,970,232 $ 5,869,701 $ 5,378,922 $ 4,201,169
Accounts payable and other liabilities 2,346,307 1,534,541 1,272,745 1,192,165 1,232,463
Future income taxes – – 27,716 137,189 145,560
Non-controlling interest – 193,342 132,536 186,377 88,683
Total liabilities 10,396,694 6,698,115 7,302,698 6,894,653 5,667,875
Shareholders’ equity 2,876,044 1,767,380 1,404,035 2,304,291 2,324,232
$ 13,272,738 $ 8,465,495 $ 8,706,733 $ 9,198,944 $ 7,992,107
1 As reclassified. See the “New Accounting Standards” section.
2 Operating profit is defined as income before depreciation, amortization, interest, income taxes, non-operating items. See “Key Performance Indicators
Non-GAAP Measures – Operating Profit and Profit Margin” section.
3 Cash flow from operations before changes in working capital amounts.
4 Restated for the change in accounting of foreign exchange translation.
5 Total long-term debt, including current portion, has been reclassified to exclude the effect of our cross-currency interest rate exchange agreements.