Rogers 2010 Annual Report Download - page 4
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Fellow Shareholders,
I’m pleased to report that despite an intensely competitive
environment that moderated our growth, we met or exceeded
our key financial commitments in 2010 and delivered against
our strategic priorities.
We grew revenue and adjusted operating profit at a healthy
rate and we held operating and capital expenditures in solid
check. This operating discipline allowed us to deliver double
digit growth in free cash flow per share and return significant
amounts of cash to shareholders through a combination of
dividends and share buybacks.
In fact I believe we returned more cash as a percentage
of equity market capitalization to shareholders than any
other telecom or cable company in North America. At the
same time, we maintained a solid investment grade balance
sheet with approximately $2.4 billion of available liquidity.
And we continued to invest in customer retention, network
enhancement and product development initiatives.
Seamless
Connections
ROGERS COMMUNICATIONS INC. 2010 ANNUAL REPORT 1