Rogers 2010 Annual Report Download - page 13

Download and view the complete annual report

Please find page 13 of the 2010 Rogers annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 120

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120

18 MANAGEMENT’S DISCUSSION AND ANALYSIS
Corporate Overview
19 Our Business
19 Our Strategy
20 Consolidated Financial and Operating Results
23 2011 Financial and Operating Guidance
Segment Review and Reconciliation to Net Income
24 Wireless
30 Cable
40 Media
43 Reconciliation of Net Income to Operating Profit
45 Additions to PP&E
Consolidated Liquidity and Financing
46 Liquidity and Capital Resources
49 Interest Rate and Foreign Exchange Management
50 Outstanding Common Share Data
51 Dividends on RCI Equity Securities
52 Commitments and Other Contractual Obligations
52 Off-Balance Sheet Arrangements
Operating Environment
52 Government Regulation and
Regulatory Developments
54 Wireless Regulation and Regulatory Developments
55 Cable Regulation and Regulatory Developments
56 Media Regulation and Regulatory Developments
56 Competition in our Businesses
57 Risks and Uncertainties Affecting our Businesses
Accounting Policies and Non-GAAP Measures
62 Key Performance Indicators and
Non-GAAP Measures
63 Critical Accounting Policies
64 Critical Accounting Estimates
66 New Accounting Standards
66 Recent Canadian Accounting Pronouncements
68 Changes in Accounting Policies
72 U.S. GAAP Differences
Additional Financial Information
72 Related Party Transactions
73 Five-Year Summary of Consolidated Financial Results
74 Summary of Seasonality and Quarterly Results
77 Summary of Financial Results of Long-Term Debt Guarantors
77 Controls and Procedures
78 Supplementary Information: Non-GAAP Calculations
80 MANAGEMENT’S RESPONSIBILITY FOR
FINANCIAL REPORTING
80 INDEPENDENT AUDITORS’ REPORT OF REGISTERED
PUBLIC ACCOUNTING FIRM
81 CONSOLIDATED STATEMENTS OF INCOME
82 CONSOLIDATED BALANCE SHEETS
83 CONSOLIDATED STATEMENTS OF
SHAREHOLDERS’ EQUITY
83 CONSOLIDATED STATEMENTS OF
COMPREHENSIVE INCOME
84 CONSOLIDATED STATEMENTS OF CASH FLOWS
85 NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS
85 Note 1: Nature of the Business
85 Note 2: Significant Accounting Policies
89 Note 3: Segmented Information
92 Note 4: Business Combinations
94 Note 5: Investment in Joint Ventures
94 Note 6: Integration and Restructuring Expenses
95 Note 7: Income Taxes
96 Note 8: Net Income Per Share
96 Note 9: Other Current Assets
97 Note 10: Property, Plant and Equipment
97 Note 11: Goodwill and Intangible Assets
99 Note 12: Investments
99 Note 13: Other Long-Term Assets
100 Note 14: Long-Term Debt
102 Note 15: Financial Risk Management and
Financial Instruments
107 Note 16: Other Long-Term Liabilities
107 Note 17: Pensions
110 Note 18: Shareholders’ Equity
111 Note 19: Stock-Based Compensation
113 Note 20: Consolidated Statements of Cash Flows
and Supplemental Information
113 Note 21: Capital Risk Management
114 Note 22: Related Party Transactions
114 Note 23: Commitments
115 Note 24: Contingent Liabilities
116 Note 25: Canadian and United States
Accounting Policy Differences
119 Note 26: Subsequent Events
120 CORPORATE GOVERANCE
122 DIRECTORS AND SENIOR CORPORATE OFFICERS
124 CORPORATE AND SHAREHOLDER INFORMATION
FINANCIAL SECTION CONTENTS
ROGERS COMMUNICATIONS INC. 2010 ANNUAL REPORT 17