Rogers 2008 Annual Report Download - page 25

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ROGERS COMMUNICATIONS INC. 2008 ANNUAL REPORT 21
22 MANAGEMENT’S DISCUSSION AND ANALYSIS
Corporate Overview
23 Our Business
24 Our Strategy
24 Acquisitions
24 Consolidated Financial and Operating Results
31 2009 Financial and Operating Guidance
Segment Review
31 Wireless
37 Cable
48 Media
Consolidated Liquidity and Financing
50 Liquidity and Capital Resources
53 Interest Rate and Foreign Exchange Management
54 Outstanding Common Share Data
54 Dividends and Other Payments on
RCI Equity Securities
55 Commitments and Other Contractual Obligations
55 Off-Balance Sheet Arrangements
Operating Environment
56 Government Regulation and
Regulatory Developments
59 Competition in our Businesses
61 Risks and Uncertainties Affecting our Businesses
Accounting Policies and Non-GAAP Measures
66 Key Performance Indicators and
Non-GAAP Measures
68 Critical Accounting Policies
69 Critical Accounting Estimates
71 New Accounting Standards
71 Recent Canadian Accounting Pronouncements
73 U.S. GAAP Differences
Additional Financial Information
73 Related Party Transactions
74 Five-Year Summary of Consolidated Financial Results
75 Summary of Seasonality and Quarterly Results
77 Controls and Procedures
78 Supplementary Information: Non-GAAP Calculations
FINANCIAL SECTION CONTENTS
82 MANAGEMENT’S RESPONSIBILITY FOR
FINANCIAL REPORTING
82 AUDITORS’ REPORT TO THE SHAREHOLDERS
83 CONSOLIDATED STATEMENTS OF INCOME
84 CONSOLIDATED BALANCE SHEETS
85 CONSOLIDATED STATEMENTS OF
SHAREHOLDERS’ EQUITY
86 CONSOLIDATED STATEMENTS OF
COMPREHENSIVE INCOME
87 CONSOLIDATED STATEMENTS OF CASH FLOWS
88 NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS
88 Note 1: Nature of the Business
88 Note 2: Significant Accounting Policies
94 Note 3: Segmented Information
96 Note 4: Business Combinations and Divestitures
98 Note 5: Investment in Joint Ventures
98 Note 6: Integration and Restructuring Expenses
99 Note 7: Income Taxes
100 Note 8: Net Income Per Share
101 Note 9: Other Current Assets
101 Note 10: Property, Plant and Equipment
101 Note 11: Goodwill and Intangible Assets
103 Note 12: Investments
104 Note 13: Other Long-Term Assets
105 Note 14: Long-Term Debt
108 Note 15: Financial Risk Management and
Financial Instruments
113 Note 16: Other Long-Term Liabilities
114 Note 17: Pensions
117 Note 18: Shareholders’ Equity
118 Note 19: Stock-Based Compensation
121 Note 20: Consolidated Statements of Cash Flows
and Supplemental Information
121 Note 21: Capital Risk Management
122 Note 22: Related Party Transactions
122 Note 23: Commitments
123 Note 24: Contingent Liabilities
124 Note 25: Canadian and United States
Accounting Policy Differences
129 Note 26: Subsequent Events
130 CORPORATE AND SHAREHOLDER INFORMATION