Rogers Communications Inc. (RCI) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 1.47B | 1.75B | 1.08B | 1.6B | 1.3B | 1.14B | 1.89B | 1.47B | 1.18B | 1.38B | 1.75B | 1.64B | 453M | 1.15B | 1.22B | 1.32B | 813M | 1.15B | 1.32B | 1.02B |
| Operating CF Margin % | 37.34% | 28.41% | 20.29% | 30.6% | 26.05% | 20.71% | 36.91% | 28.9% | 24.08% | 25.85% | 34.45% | 42.95% | 15.98% | 37.26% | 44.96% | 43.92% | 28.11% | 37.02% | 45.65% | 35.12% |
| Operating CF Growth % | 13.56% | 54.5% | -42.69% | 8.42% | 9.83% | -17.69% | 7.92% | -9.97% | 160.49% | 20.44% | 44.24% | 23.96% | -44.28% | -0.17% | -7.81% | 29.82% | 19.73% | 54.31% | 33.77% | -28.9% |
| Net Income | 439.13M | 742.39M | 4.13B | 148M | 280M | 558M | 526M | 394M | 256M | 328M | -99M | 109M | 511M | 508M | 371M | 409M | 392M | 405M | 490M | 302M |
| Depreciation & Amortization | 1.28B | 1.24B | 893.91M | 1.22B | 1.19B | 1.19B | 1.17B | 1.16B | 1.17B | 1.18B | 1.17B | 1.18B | 649M | 660M | 654M | 657M | 666M | 680M | 652M | 663M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13M | -27M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 173M | 100M | 158M | 201M | 134M | 79M | 194M | 111M | 27M | 185M | 188M | 133M | 135M | 153M | 152M | 178M | 111M |
| Other Non-Cash Items | -85.22M | 116.9M | -3.84B | 88M | -186M | -99M | -204M | -337M | -323M | 42M | 383M | 54M | -188M | -10M | -96M | -98M | -77M | -40M | -81M | -254M |
| Working Capital Changes | -159.41M | -347.72M | -95.49M | -28M | -83M | -667M | 200M | 135M | 30M | -369M | 185M | 261M | -704M | -201M | 154M | 216M | -321M | -50M | 80M | 194M |
| Change in Receivables | 449.16M | 0 | -38.05M | -138M | 313M | -790M | -44M | -63M | 99M | -634M | -186M | 67M | 14M | -599M | -48M | -6M | 298M | -395M | -185M | -75M |
| Change in Inventory | 89.23M | 0 | 56.72M | 13M | 79M | -169M | 41M | -7M | -50M | 6M | 83M | 24M | -117M | -112M | 125M | 90M | -5M | -139M | 71M | -2M |
| Change in Payables | -417.08M | 0 | -149.34M | 0 | 0 | 0 | 243M | 0 | 0 | 0 | 331M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -1.23B | -754.38M | -3.99B | -916M | -989M | -870M | -1.08B | -1.44B | -1.07B | -224M | -950M | -18.08B | -946M | -1.01B | -759M | -663M | -830M | -3.49B | -1.46B | -560M |
| Capital Expenditures | -1.23B | -969.21M | -3.99B | -855M | -1B | -1.08B | -1.01B | -1.01B | -1.07B | -963M | -1.13B | -18.08B | -917M | -784M | -889M | -788M | -661M | -3.49B | -1.46B | -730M |
| CapEx % of Revenue | 31.09% | 15.7% | 74.54% | 16.39% | 20.14% | 19.74% | 19.69% | 19.81% | 21.85% | 18.05% | 22.13% | 474.95% | 32.34% | 25.51% | 32.87% | 26.24% | 22.85% | 112.7% | 50.63% | 25.24% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -115.3M | 16.99M | -38.77M | -61M | 13M | 212M | -71M | -49M | 100M | -47M | 177M | 12M | -29M | -227M | 130M | 125M | -160M | 28M | 37M | 170M |
| Cash from Financing | -204.53M | -1.17B | -1.01B | 3.6B | 1.48B | -169M | -461M | -347M | -150M | -2.88B | 1.36B | 3.41B | 583M | -358M | -729M | -800M | 13.24B | 1.49B | 811M | -352M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 0 | 0 | 6.69B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -270.7M | -402.67M | -193.86M | -188M | -185M | -181M | -186M | -182M | -190M | -191M | -264M | -252M | -253M | -253M | -253M | -252M | -252M | -253M | -253M | -252M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -151.39M | -175.86M | -132.11M | -102.61M | 44M | 108M | -24M | 15M | -44M | 260M | 92M | -107M | -37M | 16M | -530M | 20M | -243M | -12M | -11M | -14M |
| Net Change in Cash | 24.72M | -146.7M | -4.03B | 4.28B | 1.78B | 96M | 351M | -313M | -36M | -1.73B | 2.17B | -13.03B | 90M | -224M | -272M | -144M | 13.22B | -857M | 667M | 104M |
| Free Cash Flow | 246.64M | 820.33M | -2.9B | 741M | 294M | 53M | 883M | 463M | 109M | 416M | 627M | -16.45B | -464M | 361M | 327M | 531M | 152M | -2.35B | -144M | 286M |
| FCF Margin % | 6.26% | 13.29% | -54.25% | 14.21% | 5.91% | 0.97% | 17.22% | 9.09% | 2.22% | 7.8% | 12.31% | -432% | -16.36% | 11.75% | 12.09% | 17.68% | 5.26% | -75.69% | -4.98% | 9.89% |
| FCF Growth % | -16.11% | 1447.79% | -428.59% | 60.04% | 169.72% | -87.26% | 40.83% | 102.82% | 123.49% | 15.24% | 91.74% | -3196.99% | -405.26% | 115.39% | 327.08% | 85.66% | -16.94% | -1126.64% | -131.37% | -66.86% |
| FCF per Share | 0.45 | 1.51 | -5.38 | 1.37 | 0.55 | 0.10 | 1.65 | 0.87 | 0.20 | 0.79 | 1.19 | -31.03 | -0.92 | 0.71 | 0.65 | 1.05 | 0.30 | -4.63 | -0.28 | 0.57 |
| FCF Conversion (FCF/Net Income) | 4.67x | 2.36x | 0.19x | 10.17x | 4.63x | 2.03x | 3.60x | 3.74x | 4.61x | 4.20x | -17.72x | 19.88x | 1.20x | 3.06x | 4.54x | 4.15x | 2.60x | 3.58x | 3.42x | 4.17x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |