Rogers 2015 Annual Report Download - page 21

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MANAGEMENT’S DISCUSSION AND ANALYSIS
2015 Financial Report
20 MANAGEMENT’S DISCUSSION AND ANALYSIS 65 Governance and Risk Management
65 Governance at Rogers
22 Executive Summary 67 Social Responsibility
22 About Rogers Communications 68 Risk Management
23 2015 Highlights 69 Risks and Uncertainties Affecting Our Business
24 Key Achievements 75 Controls and Procedures
25 Understanding Our Business 75 Regulation in Our Industry
25 Products and Services 77 Wireless
26 Competition 79 Cable
28 Industry Trends 80 Media
30 Our Strategy 80 Other Information
30 Our Strategic Priorities 80 Accounting Policies
31 Our Progress in 2015 83 Key Performance Indicators
85 Non-GAAP Measures
31 Key Performance Drivers and Strategic Highlights 87
Summary of Financial Results of Long-Term Debt Guarantor
31 2015 Strategic Highlights 88 Five-Year Summary of Consolidated Financial Results
34 2016 Objectives
35 Financial and Operating Guidance 89 CONSOLIDATED FINANCIAL STATEMENTS
36 Capability to Deliver Results 89 Management’s Responsibility for Financial Reporting
36 Leading Networks
38 Powerful Brands 90 Report of Independent Registered Public Accounting Firm
38 Widespread Product Distribution
39 First Class Media Content 92 Consolidated Statements of Income
39 Engaged People
39 Financial Strength and Flexibility 93 Consolidated Statements of Comprehensive Income
39 Healthy Trading Volumes and Dividends
94 Consolidated Statements of Financial Position
40 2015 Financial Results 95 Consolidated Statements of Changes in Shareholders’ Equity
40 Summary of Consolidated Results
41 KeyChangesinFinancialResultsThisYear
Compared to 2014
96 Consolidated Statements of Cash Flows
42 Wireless 97 Notes to Consolidated Financial Statements
45 Cable
47 Business Solutions
48 Media
49 Additions to Property, Plant and Equipment
50 Review of Consolidated Performance
53 Quarterly Results
56 Overview of Financial Position
57 Managing Our Liquidity and Financial Resources
57 Sources and Uses of Cash
60 Financial Condition
61 Financial Risk Management
64 Dividends and Share Information
65 Commitments and Other Contractual Obligations
65 Off-Balance Sheet Arrangements
2015 ANNUAL REPORT ROGERS COMMUNICATIONS INC. 19