Rogers Communications Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Rogers Communications Inc. reported revenue of $21.7B (+5.4% year on year) and net income of $6.9B (+298.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $21.7B | $20.6B | $19.3B | $15.4B |
| Operating costs | $11.9B | $11.0B | $10.7B | $9.0B |
| Depreciation and amortization | $4.8B | $4.6B | $4.1B | $2.6B |
| Restructuring, acquisition and other | $439.0M | $406.0M | $685.0M | $310.0M |
| Finance costs | $2.0B | $2.3B | $2.0B | $1.2B |
| Gain on disposition of data centres | ($69.0M) | — | — | — |
| Other income | ($5.0B) | ($6.0M) | $362.0M | ($15.0M) |
| Income before income tax expense | $7.6B | $2.3B | $1.4B | $2.3B |
| Income tax expense | $720.0M | $572.0M | $517.0M | $609.0M |
| Net income for the year | $6.9B | $1.7B | $849.0M | $1.7B |
| RCI shareholders | $6.9B | — | — | — |
| Non-controlling interest | $12.0M | — | — | — |
| Basic (in dollars per share) | $12.77 | $3.25 | $1.62 | $3.33 |
| Diluted (in dollars per share) | $12.74 | $3.20 | $1.62 | $3.32 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $1.3B | $898.0M | $800.0M | $463.0M |
| Accounts receivable | $6.1B | $5.5B | $5.0B | $4.2B |
| Inventories | $550.0M | $641.0M | $456.0M | $438.0M |
| Current portion of contract assets | $151.0M | $171.0M | $163.0M | $111.0M |
| Other current assets | $1.2B | $849.0M | $1.2B | $561.0M |
| Current portion of derivative instruments | $99.0M | $336.0M | $80.0M | $689.0M |
| Total current assets | $9.5B | $8.4B | $7.8B | $19.3B |
| Property, plant and equipment | $26.3B | $25.1B | $24.3B | $15.6B |
| Intangible assets | $28.9B | $17.9B | $17.9B | $12.3B |
| Investments | $1.3B | $615.0M | $598.0M | $2.1B |
| Derivative instruments | $746.0M | $997.0M | $571.0M | $861.0M |
| Financing receivables | $1.2B | $1.2B | $1.1B | $886.0M |
| Other long-term assets | $2.1B | $1.0B | $670.0M | $681.0M |
| Goodwill | $20.0B | $16.3B | $16.3B | $4.0B |
| Total assets | $90.0B | $71.4B | $69.3B | $55.7B |
| Short-term borrowings | $4.0B | $3.0B | $1.8B | $3.0B |
| Accounts payable and accrued liabilities | $4.8B | $4.1B | $4.2B | $3.7B |
| Income tax payable | $0 | $26.0M | — | $0 |
| Other current liabilities | $3.8B | $482.0M | $434.0M | $252.0M |
| Contract liabilities | $1.1B | $800.0M | $773.0M | $400.0M |
| Current portion of long-term debt | $1.2B | $3.7B | $1.1B | $1.8B |
| Current portion of lease liabilities | $690.0M | $587.0M | $504.0M | $362.0M |
| Total current liabilities | $15.7B | $12.6B | $8.8B | $9.5B |
| Provisions | $55.0M | $61.0M | $54.0M | $53.0M |
| Long-term debt | $35.9B | $38.2B | $39.8B | $29.9B |
| Lease liabilities | $2.4B | $2.2B | $2.1B | $1.7B |
| Other long-term liabilities | $2.2B | $1.7B | $1.8B | $738.0M |
| Deferred tax liabilities | $9.5B | $6.3B | $6.4B | $3.7B |
| Total liabilities | $65.7B | $61.0B | $58.8B | $45.6B |
| Equity attributable to RCI shareholders | $17.8B | — | — | — |
| Non-controlling interest | $6.5B | — | — | — |
| Equity | $24.3B | $10.4B | $10.4B | $10.1B |
| Total liabilities and equity | $90.0B | $71.4B | $69.3B | $55.7B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income for the year | $6.9B | $1.7B | $849.0M | $1.7B |
| Depreciation and amortization | $4.8B | $4.6B | $4.1B | $2.6B |
| Program rights amortization | $86.0M | $63.0M | $70.0M | $61.0M |
| Finance costs | $2.0B | $2.3B | $2.0B | $1.2B |
| Income tax expense | $720.0M | $572.0M | $517.0M | $609.0M |
| Post-employment benefits contributions, net of expense | $75.0M | $82.0M | $46.0M | $19.0M |
| Income from associates and joint ventures | ($38.0M) | — | — | — |
| Gain on revaluation of MLSE investment | ($5.0B) | — | — | — |
| Gain on disposition of data centres | ($69.0M) | — | — | — |
| Other | ($128.0M) | ($166.0M) | $5.0M | ($24.0M) |
| Cash provided by operating activities before changes in net operating assets and liabilities, income taxes paid, and interest paid | $9.4B | $9.2B | $8.1B | $6.2B |
| Change in net operating assets and liabilities | ($592.0M) | ($876.0M) | ($627.0M) | ($152.0M) |
| Income taxes paid | ($700.0M) | ($545.0M) | ($439.0M) | ($455.0M) |
| Interest paid, net | ($2.1B) | ($2.1B) | ($1.8B) | ($1.1B) |
| Cash provided by operating activities | $6.1B | $5.7B | $5.2B | $4.5B |
| Capital expenditures | ($3.7B) | ($4.0B) | ($3.9B) | ($3.1B) |
| Additions to program rights and other intangible assets | ($105.0M) | ($72.0M) | ($74.0M) | ($47.0M) |
| Changes in non-cash working capital related to investing activities | ($78.0M) | — | — | — |
| Acquisitions and other strategic transactions, net of cash acquired | ($4.3B) | ($475.0M) | ($16.2B) | ($9.0M) |
| Other | ($7.0M) | ($3.0M) | $25.0M | $68.0M |
| Cash used in investing activities | ($8.2B) | ($4.5B) | ($20.2B) | ($3.3B) |
| Net proceeds received from short-term borrowings | $1.0B | $1.1B | ($1.4B) | $707.0M |
| Net repayment of long-term debt | ($3.5B) | ($1.1B) | $5.0B | $12.7B |
| Net proceeds on settlement of debt derivatives and subsidiary equity derivatives | $114.0M | $107.0M | $492.0M | — |
| Transaction costs incurred | ($104.0M) | ($47.0M) | ($284.0M) | ($726.0M) |
| Principal payments of lease liabilities | ($559.0M) | ($478.0M) | ($370.0M) | ($316.0M) |
| Dividends paid to RCI shareholders | ($913.0M) | ($739.0M) | ($960.0M) | ($1.0B) |
| Dividends paid by subsidiaries to non-controlling interest | ($133.0M) | — | — | — |
| Issuance of subsidiary shares to non-controlling interest | 6.7B | — | — | — |
| Other | ($5.0M) | ($5.0M) | — | — |
| Cash provided by (used in) financing activities | $2.6B | ($1.1B) | $2.5B | $11.4B |
| Change in cash and cash equivalents | $446.0M | $98.0M | ($12.5B) | $12.6B |
| Cash and cash equivalents, beginning of period | $898.0M | — | $463.0M | $715.0M |
| Cash and cash equivalents, end of period | $1.3B | $898.0M | — | — |
Rogers Communications Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.