Rogers 2009 Annual Report Download - page 90

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94 ROGERS COMMUNICATIONS INC. 2009 ANNUAL REPORT
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(A) OPERATING SEGMENTS:
The accounting policies of the segments are the same as those
described in the significant accounting policies (note 2). The Company
discloses segment operating results based on income before
settlement of pension obligations, integration and restructuring,
stock-based compensation expense (recovery), adjustment for CRTC
Part II fees decision, contract termination fees, depreciation and
amortization, impairment losses on goodwill, intangible assets and
other long-term assets, interest on long-term debt, debt issuance
costs, loss on repayment of long-term debt, foreign exchange gain
(loss), change in fair value of derivative instruments, other income
(expense) and income taxes, consistent with internal management
reporting. This measure of segment operating results differs from
operating income in the consolidated statements of income. All of
the Company’s reportable segments are substantially in Canada.
Information by reportable segments is as follows:
3. SEGMENTED INFORMATION:
2009 2008
Wireless Cable Media
Corporate
items and
eliminations
Consolidated
totals Wireless Cable Media
Corporate
items and
eliminations
Consolidated
totals
Operating revenue $ 6,654 $ 3,948 $ 1,407 $ (278) $ 11,731 $ 6,335 $ 3,809 $ 1,496 $ (305) $ 11,335
Cost of sales 1,059 201 167 (47) 1,380 1,005 197 178 (77) 1,303
Sales and marketing 630 446 209 (78) 1,207 691 466 269 (92) 1,334
Operating, general and
administrative* 1,923 1,977 912 (56) 4,756 1,833 1,913 907 (15) 4,638
3,042 1,324 119 (97) 4,388 2,806 1,233 142 (121) 4,060
Settlement of pension obligations 311 15 130 –––––
Integration and restructuring 33 46 35 3117 14 20 11 651
Stock-based compensation
recovery* –(12) (8) (13) (33) (5) (32) (17) (46) (100)
Adjustment for CRTC Part II
fees decision* – (46) (15) –(61) –25 6 – 31
Contract termination fees* – – 19 –19 –––––
3,006 1,325 73 (88) 4,316 2,797 1,220 142 (81) 4,078
Depreciation and amortization 660 808 63 199 1,730 588 791 76 305 1,760
Impairment losses on goodwill,
intangible assets and other
long-term assets – – 18 – 18 – – 294 –294
Operating income (loss) $ 2,346 $ 517 $ (8) $ (287) 2,568 $ 2,209 $ 429 $ (228) $ (386) 2,024
Interest on long-term debt (647) (575)
Debt issuance costs (11) (16)
Loss on repayment of
long-term debt (7) –
Foreign exchange gain (loss) 136 (99)
Change in fair value
of derivative instruments (65) 64
Other income, net 628
Income before income taxes $ 1,980 $ 1,426
Additions to PP&E $ 865 $ 693 $ 62 $ 235 $ 1,855 $ 929 $ 886 $ 81 $ 125 $ 2,021
Goodwill $ 1,140 $ 982 $ 896 $ – $ 3,018 $ 1,140 $ 982 $ 902 $ – $ 3,024
Total assets $ 7,988 $ 5,055 $ 1,884 $ 2,091 $ 17,018 $ 8,357 $ 5,153 $ 1,930 $ 1,642 $ 17,082
*Included with operating, general and administrative expenses in consolidated statements of income.