Rogers 2006 Annual Report Download - page 24

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20 ROG ERS CO MMU N ICAT I ONS INC . 2006 ANN UA L RE P ORT
MANAGEMENT’S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Summarized Con solidated Financ ial Results
Years ended December 31,
(In millions of dollars, except per share amounts) 2006 2005 % Chg
Operating revenue
Wireless (1) $ 4,580 $ 3,860 18.7
Cable and Telecom
Cable and Internet 1,944 1,735 12.0
Rogers Home Phone 355 150 136.7
Rogers Business Solutions 596 284 109.9
Rogers Retail 310 327 (5.2)
Corporate items and eliminations (4) (4) –
3,201 2,492 28.5
Media 1,210 1,097 10.3
Corporate items and eliminations (153) (115) 33.0
Total 8,838 7,334 20.5
Operating expenses, including integration and Rogers Retail store closure expenses
Wireless (1) 2,611 2,523 3.5
Cable and Telecom
Cable and Internet 1,111 1,012 9.8
Rogers Home Phone 345 141 144.7
Rogers Business Solutions 547 264 107.2
Rogers Retail 303 309 (1.9)
Integration costs 9 5 80.0
Corporate items and eliminations (4) (4) –
2,311 1,727 33.8
Media 1,059 969 9.3
Corporate items and eliminations (18) (29) (37.9)
Total 5,963 5,190 14.9
Operating profit, after integration and Rogers Retail store closure expenses (2)
Wireless 1,969 1,337 47.3
Cable and Telecom
Cable and Internet 833 723 15.2
Rogers Home Phone 10 9 11.1
Rogers Business Solutions 49 20 145.0
Rogers Retail 7 18 (61.1)
Integration costs (9) (5) 80.0
890 765 16.3
Media 151 128 18.0
Corporate items and eliminations (135) (86) 57.0
Total 2,875 2,144 34.1
Other income and expense, net (3) 2,253 2,189 2.9
Net income (loss) $ 622 $ (45) n/m
Net income (loss) per share (4):
Basic $ 0.99 $ (0.08) n/m
Diluted 0.97 (0.08) n/m
Additions to PP&E (2)
Wireless $ 684 $ 585 16.9
Cable and Telecom
Cable and Internet 492 515 (4.5)
Rogers Home Phone 193 121 59.5
Rogers Business Solutions 98 63 55.6
Rogers Retail 11 15 (26.7)
794 714 11.2
Media 48 40 20.0
Corporate (5) 186 16 n/m
Total $ 1,712 $ 1,355 26.3
Operating profit margin (2) 32.5% 29.2%
(1) Certain current and prior year amounts related to Wireless equipment sales and cost of equipment sales have been reclassified. See the “Reclassification of Wireless Equipment Sales and Cost of Sales” section
for further details.
(2) As defined. See the “Key Performance Indicators and Non-GAAP Measures” section. Operating profit includes integration costs and Rogers Retail store closure expenses of $18 million and $66 million for 2006
and 2005, respectively.
(3) See the “Reconciliation of Operating Profit to Net Income (Loss)” section for details of these amounts.
(4) Prior period per share amounts have been retroactively adjusted to reflect a two-for-one split of the Company’s Class A Voting and Class B Non-Voting shares in December 2006.
(5) Corporate additions to PP&E for 2006 include $105 million for RCI’s purchase of real estate in Brampton, Ontario and $28 million in related improvements.
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