$RCIAF

ROGERS COMMUNICATIONS INC

CIK:0000733099|SEC Filings

Consolidated Statements of Income - CAD ($) $ in Millions	12 Months Ended
Consolidated Statements of Income - CAD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Profit or loss [abstract]
Revenue	$ 21,712	$ 20,604
Operating expenses:
Operating costs	11,892	10,987
Depreciation and amortization	4,802	4,616
Restructuring, acquisition and other	439	406
Finance costs	2,043	2,295
Gain on disposition of data centres	(69)	0
Other income	(5,021)	(6)
Income before income tax expense	7,626	2,306
Income tax expense	720	572
Net income for the year	6,906	1,734
Net income for the year attributable to:
RCI shareholders	6,894	1,734
Non-controlling interest	$ 12	$ 0
Earnings per share attributable to RCI shareholders:
Basic (in dollars per share)	$ 12.77	$ 3.25
Diluted (in dollars per share)	$ 12.74	$ 3.20

Consolidated Statements of Cash Flows - CAD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Operating activities:
Net income for the year	$ 6,906	$ 1,734
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	4,802	4,616
Program rights amortization	86	63
Finance costs	2,043	2,295
Income tax expense	720	572
Post-employment benefits contributions, net of expense	75	82
Income from associates and joint ventures	(38)	(8)
Gain on revaluation of MLSE investment	(4,976)	0
Gain on disposition of data centres	(69)	0
Other	(128)	(166)
Cash provided by operating activities before changes in net operating assets and liabilities, income taxes paid, and interest paid	9,421	9,188
Change in net operating assets and liabilities	(592)	(876)
Income taxes paid	(700)	(545)
Interest paid, net	(2,070)	(2,087)
Cash provided by operating activities	6,059	5,680
Investing activities:
Capital expenditures	(3,707)	(4,041)
Additions to program rights and other intangible assets	(105)	(72)
Changes in non-cash working capital related to investing activities	(78)	136
Acquisitions and other strategic transactions, net of cash acquired	(4,315)	(475)
Other	(7)	(3)
Cash used in investing activities	(8,212)	(4,455)
Financing activities:
Net proceeds received from short-term borrowings	1,021	1,138
Net repayment of long-term debt	(3,478)	(1,103)
Net proceeds on settlement of debt derivatives and subsidiary equity derivatives	114	107
Transaction costs incurred	(104)	(47)
Principal payments of lease liabilities	(559)	(478)
Dividends paid to RCI shareholders	(913)	(739)
Dividends paid by subsidiaries to non-controlling interest	(133)	0
Issuance of subsidiary shares to non-controlling interest	6,656	0
Other	(5)	(5)
Cash provided by (used in) financing activities	2,599	(1,127)
Change in cash and cash equivalents	446	98
Cash and cash equivalents, beginning of period	898	800
Cash and cash equivalents, end of period	$ 1,344	$ 898

Consolidated Statements of Financial Position - CAD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 1,344	$ 898
Accounts receivable	6,105	5,478
Inventories	550	641
Current portion of contract assets	151	171
Other current assets	1,239	849
Current portion of derivative instruments	99	336
Total current assets	9,488	8,373
Property, plant and equipment	26,307	25,072
Intangible assets	28,898	17,858
Investments	1,291	615
Derivative instruments	746	997
Financing receivables	1,198	1,189
Other long-term assets	2,052	1,027
Goodwill	20,032	16,280
Total assets	90,012	71,411
Current liabilities:
Short-term borrowings	4,000	2,959
Accounts payable and accrued liabilities	4,831	4,059
Income tax payable	0	26
Other current liabilities	3,831	482
Contract liabilities	1,114	800
Current portion of long-term debt	1,186	3,696
Current portion of lease liabilities	690	587
Total current liabilities	15,652	12,609
Provisions	55	61
Long-term debt	35,872	38,200
Lease liabilities	2,428	2,191
Other long-term liabilities	2,225	1,666
Deferred tax liabilities	9,494	6,281
Total liabilities	65,726	61,008
Equity
Equity attributable to RCI shareholders	17,751	10,403
Non-controlling interest	6,535	0
Equity	24,286	10,403
Total liabilities and equity	$ 90,012	$ 71,411