Rogers Communications Cash Flow Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	7,052	6,894	1,734	849	1,680	1,558
Depreciation & Amortization	4,857	4,802	4,616	4,121	2,576	2,585
Other Amortization	120	86	63	70	61	68
Loss (Gain) From Sale of Assets	-69	-69	-	-	-	-
Loss (Gain) From Sale of Investments	-4,976	-4,976	-	-	-	-
Loss (Gain) on Equity Investments	-39	-38	-8	412	31	-
Other Operating Activities	-19	-48	151	396	297	-87
Change in Accounts Receivable	-397	-524	-389	-406	-193	339
Change in Inventory	112	102	-185	-4	98	-56
Change in Accounts Payable	-84	-21	-209	11	36	556
Change in Unearned Revenue	-145	30	79	138	44	25
Change in Other Net Operating Assets	-154	-179	-172	-366	-137	-827
Operating Cash Flow	6,258	6,059	5,680	5,221	4,493	4,161
Operating Cash Flow Growth	7.97%	6.67%	8.79%	16.20%	7.98%	-3.70%
Capital Expenditures	-3,693	-3,863	-4,100	-4,042	-3,075	-2,788
Sale of Property, Plant & Equipment	156	156	59	108	-	-
Cash Acquisitions	-4,400	-4,315	-475	-16,215	-9	-3,404
Sale (Purchase) of Intangibles	-179	-105	-72	-74	-47	-54
Other Investing Activities	-213	-85	133	23	-132	113
Investing Cash Flow	-8,329	-8,212	-4,455	-20,200	-3,263	-6,133
Short-Term Debt Issued	-	1,021	1,138	-	707	971
Long-Term Debt Issued	-	-	-	5,040	12,711	550
Total Debt Issued	588	1,021	1,138	5,040	13,418	1,521
Short-Term Debt Repaid	-	-	-	-1,439	-	-
Long-Term Debt Repaid	-	-4,037	-1,581	-370	-316	-269
Total Debt Repaid	-5,159	-4,037	-1,581	-1,809	-316	-269
Net Debt Issued (Repaid)	-4,571	-3,016	-443	3,231	13,102	1,252
Common Dividends Paid	-998	-913	-739	-960	-1,010	-1,010
Other Financing Activities	6,346	6,528	55	208	-737	-39
Financing Cash Flow	777	2,599	-1,127	2,479	11,355	203
Net Cash Flow	-1,294	446	98	-12,500	12,585	-1,769
Free Cash Flow	2,565	2,196	1,580	1,179	1,418	1,373
Free Cash Flow Growth	44.43%	38.99%	34.01%	-16.86%	3.28%	-31.66%
Free Cash Flow Margin	11.54%	10.11%	7.67%	6.11%	9.21%	9.37%
Free Cash Flow Per Share	4.73	4.06	2.95	2.25	2.80	2.71
Cash Interest Paid	-	-	-	-	-	802
Cash Income Tax Paid	712	700	545	439	455	700
Levered Free Cash Flow	6,757	6,366	2,117	13,976	-11,982	1,768
Unlevered Free Cash Flow	8,037	7,660	3,444	15,167	-11,251	2,269
Change in Working Capital	-668	-592	-876	-627	-152	37

Source: S&P Global Market Intelligence. Standard template. Financial Sources.