Rogers Communications Inc

Total Page:16

File Type:pdf, Size:1020Kb

Rogers Communications Inc 2008 ROGERS COMMUNICATIONS INC. Management’s Discussion and Analysis and Audited Annual Consolidated Financial Statements and Notes MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2008 This Management’s Discussion and Analysis (“MD&A”) should be Canadian dollars, unless otherwise stated. Please refer to Note 25 read in conjunction with our 2008 Audited Consolidated Financial to the 2008 Audited Consolidated Financial Statements for a summary Statements and Notes thereto. The financial information presented of differences between Canadian and United States (“U.S.”) GAAP. herein has been prepared on the basis of Canadian generally This MD&A, which is current as of February 18, 2009, is organized into accepted accounting principles (“GAAP”) and is expressed in six sections. CONSOLIDATED LIQUIDITY CORPORATE OVERVIEW SEGMENT REVIEW 1 2 3 AND FINANCING 2 Our Business 10 Wireless 29 Liquidity and Capital Resources 3 Our Strategy 16 Cable 32 Interest Rate and Foreign 3 Acquisitions 27 Media Exchange Management 3 Consolidated Financial and 33 Outstanding Common Share Data Operating Results 33 Dividends and Other Payments 10 2009 Financial and on RCI Equity Securities Operating Guidance 34 Commitments and Other Contractual Obligations 34 Off-Balance Sheet Arrangements ACCOUNTING POLICIES AND ADDITIONAL FINANCIAL OPERATING ENVIRONMENT 4 5 NON-GAAP MEASURES 6 INFORMATION 35 Government Regulation and 45 Key Performance Indicators and 52 Related Party Transactions Regulatory Developments Non-GAAP Measures 53 Five-Year Summary of 38 Competition in our Businesses 47 Critical Accounting Policies Consolidated Financial Results 40 Risks and Uncertainties Affecting 48 Critical Accounting Estimates 54 Summary of Seasonality and our Businesses 50 New Accounting Standards Quarterly Results 50 Recent Canadian Accounting 56 Controls and Procedures Pronouncements 57 Supplementary Information: 52 U.S. GAAP Differences Non-GAAP Calculations In this MD&A, the terms “we”, “us”, “our”, “Rogers” and “the channels including The Biography Channel Canada, G4TechTV Company” refer to Rogers Communications Inc. and our subsidiaries, and Outdoor Life Network; Rogers Publishing, which publishes which were reported in the following segments for the year ended approximately 70 magazines and trade journals; and Rogers December 31, 2008: Sports Entertainment, which owns the Toronto Blue Jays Baseball Club (“Blue Jays”) and Rogers Centre. Media also holds owner- • “Wireless”, which refers to our wireless communications opera- ship interests in entities involved in specialty television content, tions, including Rogers Wireless Partnership (“RWP”) and Fido television production and broadcast sales. Solutions Inc. (“Fido”); Substantially all of our operations are in Canada. • “Cable”, which refers to our wholly-owned cable television sub- sidiaries, including Rogers Cable Communications Inc. (“RCCI”) “RCI” refers to the legal entity Rogers Communications Inc. exclud- and its subsidiary, Rogers Cable Partnership; and ing our subsidiaries. • “Media”, which refers to our wholly-owned subsidiary Rogers Throughout this MD&A, all percentage changes are calculated Media Inc. and its subsidiaries, including Rogers Broadcasting, using numbers rounded to the decimal to which they appear. Please which owns a group of 52 radio stations, the Citytv television note that the charts, graphs and diagrams that follow have been network, the Rogers Sportsnet television network, The Shopping included for ease of reference and illustrative purposes only and do Channel, the OMNI television stations, and Canadian specialty not form part of management’s discussion and analysis. ROGERS COMMUNICATIONS INC. 2008 ANNUAL MD&A 1 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Caution Regarding Forward-LooKing Statements, RisKS Before making any investment decisions and for a detailed discus- and Assumptions sion of the risks, uncertainties and environment associated with This MD&A includes forward-looking statements and assumptions our business, fully review the sections of this MD&A entitled “Risks concerning our business, its operations and its financial perfor- and Uncertainties Affecting our Businesses” and “Government mance and condition approved by management on the date of Regulation and Regulatory Developments”. this MD&A. These forward-looking statements and assumptions include, but are not limited to, statements with respect to our objec- Additional Information tives and strategies to achieve those objectives, statements with Additional information relating to us, including our Annual respect to our beliefs, plans, expectations, anticipations, estimates Information Form and discussions of our 2008 quarterly results, may or intentions, including guidance and forecasts relating to revenue, be found on SEDAR at www.sedar.com or on EDGAR at www.sec.gov. adjusted operating profit, property, plant and equipment (“PP&E”) expenditures, free cash flow, expected growth in subscribers and For a glossary of communications and media industry terms, please the services to which they subscribe, the cost of acquiring subscrib- refer to the Investor Relations section of rogers.com. ers and the deployment of new services and all other statements that are not historical facts. Such forward-looking statements are based on current objectives, strategies, expectations and assump- 1. CORPORATE OVERVIEW tions that we believe to be reasonable at the time including, but not limited to, general economic and industry growth rates, currency exchange rates, product pricing levels and competitive intensity, OUR BUSINESS subscriber growth and usage rates, changes in government regula- We are a diversified Canadian communications and media com- tion, technology deployment, device availability, the timing of new pany. We are engaged in wireless voice and data communications product launches, content and equipment costs, the integration of services through Rogers Wireless, Canada’s largest wireless provider acquisitions, and industry structure and stability. and the operator of the country’s only national Global System for Mobile Communications/High-Speed Packet Access (“GSM/HSPA”) Except as otherwise indicated, this MD&A and our forward-looking based network. Through Rogers Cable we are one of Canada’s statements do not reflect the potential impact of any non-recurring largest providers of cable television services as well as high-speed or other special items or of any dispositions, monetizations, mergers, Internet access, telephony services and video retailing. Through acquisitions, other business combinations or other transactions that Rogers Media, we are engaged in radio and television broadcast- may be considered or announced or may occur after the date of the ing, televised shopping, magazines and trade publications, and financial information contained herein. sports entertainment. We are publicly traded on the Toronto Stock Exchange (TSX: RCI.a and RCI.b) and on the New York Stock We caution that all forward-looking information, including any Exchange (NYSE: RCI). statement regarding our current intentions, is inherently subject to change and uncertainty and that actual results may differ materi- For more detailed descriptions of our Wireless, Cable and Media ally from the assumptions, estimates or expectations reflected in businesses, see the respective segment discussions that follow. the forward-looking information. A number of factors could cause actual results to differ materially from those in the forward-look- REVENUE ADJUSTED OPERATING (In millions of dollars) PROFIT ing statements or could cause our current objectives and strategies (In millions of dollars) to change, including but not limited to economic conditions, tech- $4,580 $5,503 $6,335 $1,987 $2,589 $2,806 nological change, the integration of acquisitions, unanticipated 3,201 3,558 3,809 916 1,016 1,233 changes in content or equipment costs, changing conditions in the 1,210 1,317 1,496 156 176 142 entertainment, information and communications industries, regu- latory changes, litigation and tax matters, the level of competitive intensity and the emergence of new opportunities, many of which are beyond our control and current expectation or knowledge. Therefore, should one or more of these risks materialize, should our objectives or strategies change, or should any other factors underlying the forward-looking statements prove incorrect, actual results and our plans may vary significantly from what we currently foresee. Accordingly, we warn investors to exercise caution when considering any such forward-looking information herein and that it would be unreasonable to rely on such statements as creating 2006 2007 2008 2006 2007 2008 any legal rights regarding our future results or plans. We are under no obligation (and we expressly disclaim any such obligation) to Wireless Cable Media Wireless Cable Media update or alter any forward-looking statements or assumptions whether as a result of new information, future events or otherwise, except as required by law. 2 ROGERS COMMUNICATIONS INC. 2008 ANNUAL MD&A MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS OUR STRATEGY Acquisition of Aurora Cable TV Limited Our business objective is to maximize subscribers, revenue, operat- On June 12, 2008, we acquired 100% of the outstanding shares of ing profit and return on invested capital by enhancing our position Aurora
Recommended publications
  • ROGERS COMMUNICATIONS INC. ANNUAL INFORMATION FORM (For
    ROGERS COMMUNICATIONS INC. ANNUAL INFORMATION FORM (for the fiscal year ended December 31, 2007) March 4, 2008 ROGERS COMMUNICATIONS INC. ANNUAL INFORMATION FORM INDEX The following is an index of the Annual Information Form of Rogers Communications Inc. (“RCI”) referencing the requirements of Form 51-102F2 of the Canadian Securities Administrators. Certain parts of this Annual Information Form are contained in RCI’s Management’s Discussion and Analysis for the fiscal year ended December 31, 2007, and RCI’s 2007 Annual Audited Consolidated Financial Statements, each of which is filed on SEDAR at www.sedar.com and incorporated herein by reference as noted below. Page reference / incorporated by reference from Annual Information 2007 Form MD&A Item 1 — Cover Page p. 1 Item 2 — Index p. 2 Item 3 — Corporate Structure 3.1 — Name and Incorporation p. 3 3.2 — Intercorporate Relationships pgs. 3-5 Item 4 — General Development of the Business 4.1 — Three Year History pgs. 6-10 4.2 — Significant Acquisitions p. 10 Item 5 — Narrative Description of the Business 5.1 — General — Business Overview p. 11 p. 2 — Rogers Wireless pgs. 10-12 — Rogers Cable pgs. 16-19 — Rogers Media pgs. 25-26 — Employees p. 9 — Properties, Trademarks, Environmental and Other Matters pgs. 10-11 5.2 — Risk Factors p. 11 Item 6 — Dividends 6.1 — Dividends p. 12 Item 7 — Description of Capital Structure 7.1 — General Description of Capital Structure p. 12 7.2 — Constraints pgs. 12-13 7.3 — Ratings pgs. 13-14 Item 8 — Market for Securities 8.1 — Trading Price and Volume p.
    [Show full text]
  • Nhl Media Directory 2011-12 Table of Contents Page Page Nhl Directory Nhl Media 1+/2I¿Fhv
    NHL MEDIA DIRECTORY 2011-12 TABLE OF CONTENTS PAGE PAGE NHL DIRECTORY NHL MEDIA 1+/2I¿FHV ...........................................3 1+/FRP .............................................11 1+/([HFXWLYH .......................................4 1+/1HWZRUN .......................................11 1+/&RPPXQLFDWLRQV ............................4 1+/5DGLR ...........................................12 1+/*UHHQ ............................................6 1+/6WXGLRV ........................................12 NHL MEMBER CLUBS NHL MEDIA RESOURCES .................. 13 $QDKHLP'XFNV ...................................20 HOCKEY ORGANIZATIONS %RVWRQ%UXLQV ......................................27 %XIIDOR6DEUHV .....................................34 +RFNH\&DQDGD .................................260 &DOJDU\)ODPHV ...................................40 +RFNH\+DOORI)DPH .........................261 &DUROLQD+XUULFDQHV .............................46 1+/$OXPQL$VVRFLDWLRQ ........................7 &KLFDJR%ODFNKDZNV ...........................52 1+/%URDGFDVWHUV¶$VVRFLDWLRQ .........264 &RORUDGR$YDODQFKH ............................57 1+/3OD\HUV¶$VVRFLDWLRQ ....................17 &ROXPEXV%OXH-DFNHWV .......................66 3URIHVVLRQDO+RFNH\:ULWHUV¶ 'DOODV6WDUV .........................................72 $VVRFLDWLRQ ...................................263 'HWURLW5HG:LQJV ...............................78 86+RFNH\+DOORI)DPH0XVHXP ..261 (GPRQWRQ2LOHUV ..................................85 86$+RFNH\,QF ...............................262 )ORULGD3DQWKHUV ..................................92
    [Show full text]
  • Alberta Government Services ______Corporate Registry ______
    Alberta Government Services ____________________ Corporate Registry ____________________ Registrar’s Periodical REGISTRAR’S PERIODICAL, MAY 31, 2006 ALBERTA GOVERNMENT SERVICES Corporate Registrations, Incorporations, and Continuations (Business Corporations Act, Cemetery Companies Act, Companies Act, Cooperatives Act, Credit Union Act, Loan and Trust Corporations Act, Religious Societies’ Land Act, Rural Utilities Act, Societies Act, Partnership Act) 101078775 SASKATCHEWAN LTD. Other 1230732 ALBERTA INC. Numbered Alberta Prov/Territory Corps Registered 2006 APR 19 Corporation Incorporated 2006 APR 24 Registered Registered Address: #203, 5101 - 48 STREET, Address: 420 MACLEOD TRAIL S. E., MEDICINE LLOYDMINSTER ALBERTA, T9V 0H9. No: HAT ALBERTA, T1A 2M9. No: 2012307324. 2112369844. 1230987 ALBERTA INC. Numbered Alberta 101081848 SASKATCHEWAN LTD. Other Corporation Incorporated 2006 APR 18 Registered Prov/Territory Corps Registered 2006 APR 26 Address: THIRD FLOOR, 14505 BANNISTER ROAD Registered Address: 5016 - 52 STREET, CAMROSE SE, CALGARY ALBERTA, T2X 3J3. No: ALBERTA, T4V 1V7. No: 2112385964. 2012309874. 1172789 ONTARIO INC. Other Prov/Territory Corps 1231123 ALBERTA LTD. Numbered Alberta Registered 2006 APR 24 Registered Address: 11135 - 84 Corporation Incorporated 2006 APR 20 Registered AVENUE, EDMONTON ALBERTA, T6G 0V9. No: Address: 213-3515-17 AVE SW, CALGARY 2112374687. ALBERTA, T3E 0B7. No: 2012311235. 1201 GLENMORE GP INC. Other Prov/Territory Corps 1231148 ALBERTA LTD. Numbered Alberta Registered 2006 APR 18 Registered Address: 1400, 350 Corporation Incorporated 2006 APR 25 Registered - 7 AVENUE SW, CALGARY ALBERTA, T2P 3N9. Address: 500-444-5 AVE SW, CALGARY ALBERTA, No: 2112364001. T2P 2T8. No: 2012311482. 1228093 ALBERTA LTD. Numbered Alberta 1232700 ALBERTA LTD. Numbered Alberta Corporation Incorporated 2006 APR 17 Registered Corporation Incorporated 2006 APR 18 Registered Address: 4004 14 ST SE, CALGARY ALBERTA, T2G Address: 1003-4TH AVENUE SOUTH, LETHBRIDGE 3K5.
    [Show full text]
  • NHL MEDIA DIRECTORY 2012-13 TABLE of CONTENTS Page Page NHL DIRECTORY NHL MEDIA NHL Offices
    NHL MEDIA DIRECTORY 2012-13 TABLE OF CONTENTS PAGE PAGE NHL DIRECTORY NHL MEDIA NHL Offices ...........................................3 NHL.com ...............................................9 NHL Executive .......................................4 NHL Network .......................................10 NHL Communications ............................4 NHL Studios ........................................11 NHL Green ............................................6 NHL MEDIA RESOURCES .................. 12 NHL MEMBER CLUBS Anaheim Ducks ...................................19 HOCKEY ORGANIZATIONS Boston Bruins ......................................25 Hockey Canada .................................248 Buffalo Sabres .....................................32 Hockey Hall of Fame .........................249 Calgary Flames ...................................39 NHL Alumni Association ........................7 Carolina Hurricanes .............................45 NHL Broadcasters’ Association .........252 Chicago Blackhawks ...........................51 NHL Players’ Association ....................16 Colorado Avalanche ............................56 Professional Hockey Writers’ Columbus Blue Jackets .......................64 Association ...................................251 Dallas Stars .........................................70 U.S. Hockey Hall of Fame Museum ..249 Detroit Red Wings ...............................76 USA Hockey Inc. ...............................250 Edmonton Oilers ..................................83 NHL STATISTICAL CONSULTANT Florida
    [Show full text]
  • Wireless Competition in Canada: an Assessment
    Volume 6•Issue 27•September 2013 WIRELESS COMPETITION IN CANADA: AN ASSESSMENT Jeffrey Church † Professor, Department of Economics and Director, Digital Economy Program, The School of Public Policy, University of Calgary Andrew Wilkins † Research Associate, Digital Economy Program, The School of Public Policy, University of Calgary SUMMARY If there’s one thing Canadians agree on, it’s that Canada’s wireless industry can and should be more competitive. The federal government is on side with the policy objective of having four carriers in every region and has responded with policies that provide commercial advantages to entrants. But, the rub is that there has not been a study that actually assesses the state of competition in wireless services in Canada, until now. Those in favour of policies that will promote and sustain entry point to Canada’s high average revenue per user and low wireless penetration rate (mobile connections per capita) as evidence that there is insufficient competition. The difficulty is that the facts are not consistent with this simplistic analysis. Measurements of wireless penetration are skewed toward countries that maintain the Calling Party Pays Protocol and favour pay-as-you-go plans, both of which encourage inflated user counts. Canada’s participation per capita on monthly plans and minutes of voice per capita are not outliers. Moreover, in terms of smartphone adoption and smartphone data usage, Canada is a global leader, contributing to high average revenue per user. Consistent with being world leaders in the rollout of high speed wireless networks, Canada lead its peer group in capital expenditures per subscriber in 2012: the competition of importance to Canadians is not just over price, but also over the quality of wireless networks.
    [Show full text]
  • NS Royal Gazette Part I
    Nova Scotia Published by Authority PART 1 VOLUME 222, NO. 28 HALIFAX, NOVA SCOTIA, WEDNESDAY, JULY 10, 2013 IN THE MATTER OF: The Companies Act, IN THE MATTER OF: The Companies Act, Chapter 81, R.S.N.S. 1989, as amended Chapter 81, R.S.N.S., 1989, as amended; - and - - and - IN THE MATTER OF: The Application of IN THE MATTER OF: An Application of Jubida 3095155 Nova Scotia Company for Leave to Consulting Inc. (the “Company”) for Leave to Surrender its Certificate of Incorporation Surrender its Certificate of Incorporation and its Certificate of Name Change NOTICE IS HEREBY GIVEN that Jubida Consulting 3095155 NOVA SCOTIA COMPANY hereby gives Inc. intends to make application to the Registrar of Joint notice pursuant to the provisions of Section 137 of the Stock Companies for leave to surrender its Certificate of Companies Act that it intends to make application to the Incorporation pursuant to Section 137 of the Companies Nova Scotia Registrar of Joint Stock Companies for leave Act of Nova Scotia. to surrender its Certificate of Incorporation and its Certificate of Name Change. DATED at Halifax, Nova Scotia, this 10th day of July, 2013. DATED the 9th day of July, 2013. W. Richard Legge Barry D. Horne President and Secretary McInnes Cooper Jubida Consulting Inc. Purdy’s Wharf Tower II 130 Solutions Drive, Apt. 605 1300-1969 Upper Water Street Halifax NS B3S 0B8 Halifax NS B3J 3R7 Solicitor for 3095155 Nova Scotia Company 1400 July 10-2013 1414 July 10-2013 IN THE MATTER OF: The Nova Scotia Companies Act, R.S.N.S.
    [Show full text]
  • Igniting Growth at a Glance Highlights for 2015
    Rogers Communications Inc. 2015 Annual Report Igniting growth At a glance highlights for 2015 Rogers Communications Inc. Wireless Rogers Communications (TSX: RCI; NYSE: RCI) Wireless is Canada’s largest provider of voice and data is a diversified Canadian communications and communications services. We provide these services to media company. We report our results of approximately 9.9 million customers under the Rogers, Fido, chatr and Mobilicity brands. We provide customers operations in the four segments of Wireless, with the best and latest wireless devices, applications and Cable, Business Solutions and Media. leading network speeds. Our far-reaching LTE network covers approximately 93% of all Canadians. Our strategic spectrum investments position us well to provide the network connectivity, speed and reliability our customers Operating revenue Adjusted operating profit have come to enjoy and expect. Wireless also provides (In billions of dollars) (In billions of dollars) seamless wireless roaming across the U.S. and more than 200 other countries and is the Canadian leader in the 2015 13.4 2015 5.0 deployment of machine-to-machine communications and Internet of Things applications. 2014 12.9 2014 5.0 2013 12.7 2013 5.0 Free cash flow Annualized dividend Operating revenue Adjusted operating profit (In billions of dollars) rate at year end ($) (In billions of dollars) (In billions of dollars) 2015 1.7 2015 $1.92 2015 7.7 2015 3.2 2014 1.4 2014 $1.83 2014 7.3 2014 3.2 2013 1.5 2013 $1.74 2013 7.3 2013 3.2 2015 Operating revenue 2015 Operating revenue $13.4 Billion $7.7 Billion Wireless 56% $13.4 Cable 26% $7.7 Network 90% Billion Billion Media 15% Business Solutions 3% Equipment 10% Cable and Business Solutions Media Cable is a leading Canadian cable services provider whose Media is Canada’s premier destination for category-leading service territory covers approximately 4.2 million homes sports entertainment, digital media, television and radio in Ontario, New Brunswick and Newfoundland representing broadcasting and publishing properties.
    [Show full text]
  • Rogers Communications Reports Fourth Quarter
    ROGERS COMMUNICATIONS REPORTS FOURTH QUARTER 2015 RESULTS • Rogers 3.0 plan delivers solid financial and operating metrics for the fourth quarter • Continued revenue growth of 3% driven by growth of 4% in Wireless, our largest segment representing approximately 60% of total revenue and adjusted operating profit • Wireless adjusted operating profit growth of 4%; Wireless postpaid net additions of 31,000, an improvement of 89,000 year on year, on an 11 basis point improvement in churn • Postpaid ARPA up 4% with strong growth in Share Everything customers, up 63% • Internet net additions of 16,000, an improvement of 20,000 year on year; Internet revenue up 10% • Strong operating fundamentals delivered operating cash flow and free cash flow of $950 million and $274 million, respectively • Customer complaints as reported by the Commissioner for Complaints for Telecommunications Services (CCTS) declined faster than key competitors’, down 26% in 2015 and down 50% over the past two years • Met 2015 guidance and announced our 2016 outlook, with continued growth in operating revenue and adjusted operating profit as well as a declining capital expenditure profile expected to drive higher free cash flow TORONTO (January 27, 2016) - Rogers Communications Inc., a leading diversified Canadian communications and media company, today announced its unaudited financial and operating results for the fourth quarter ended December 31, 2015. Consolidated Financial Highlights Three months ended December 31 Twelve months ended December 31 (In millions of Canadian
    [Show full text]
  • Long-Time Cable Shows Come to End of the Line
    Coming in 2 weeks... the best Suds and Sauce in Aurora ALL YOU CAN EAT The Totten Beverley Varcoe 905-727-3154 Wealth Advisory DINNER BUFFET Highly Qualified to Handle Your Group Real Estate Needs with Over 20 $11.95 years of Award Winning service! DavidB. Totten Only Senior Vice President, Wealth Advisor Nightly from 5 pm - 9 pm 17310 Yonge Street, Suite 11 *Per Person, plus taxes. Newmarket, Ontario 905.830.4468 Howard Johnson Hotel Aurora www.davidtotten.ca 15520 Yonge Street Your Community Realty, Aurora If you are already a client of BMO Nesbitt Burns, please contact your Investment Advisor for more information. Reservations - 905-727-1312 BROKER, CRES, SRES Please visit us at www.beverleyvarcoe.com www.hojoaurora.com Market Value Appraiser Aurora’s Independent Community Newspaper Vol. 8 No. 42 905-727-3300 auroran.com FREE Week of August 26, 2008 Briefly Permanent markers Probably one of the nicest evening attractions in Aurora is about to get better. For the last several years, Aurora Legion members have placed candles on headstones of people buried in the Aurora Cemetery, who served in the armed forces. It’s a spectacular sight and this year, it will happen Saturday, Sept. 20, followed by a graveside service the next day. However, in addition to the candlelight ceremony, the Legion’s Ladies Auxiliary, headed up by Jean Anderson, will place permanent three-inch markers on the foundation or the side of all affected memorial stones. Some 350 markers have been ordered and are expected to be in place for this year’s ceremony.
    [Show full text]
  • Moneygram | Canada Post
    Pay for utilities, phone services, cable bills and more at your local post office with MoneyGram! Please consult the list below for all available billers. Payez vos factures de services publics, de services téléphoniques, de câblodistribution et autres factures à votre bureau de poste local avec MoneyGram! Consultez la liste ci-dessous pour tous les émetteurs de factures participants. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z BILLER NAME/ PROVINCE AVAILABLE SERVICE/ NOM DE L’ÉMETTEUR DE FACTURE SERVICE DISPONIBLE 310-LOAN BC NEXT DAY/JOUR SUIVANT 407 ETR ON NEXT DAY/JOUR SUIVANT A.R.C. ACCOUNTS RECOVERY CORPORATION BC NEXT DAY/JOUR SUIVANT AAA DEBT MANAGERS BC NEXT DAY/JOUR SUIVANT ABERDEEN UTILITY SK NEXT DAY/JOUR SUIVANT ABERNETHY UTILITY SK NEXT DAY/JOUR SUIVANT ACCORD BUSINESS CREDIT ON NEXT DAY/JOUR SUIVANT ACTION COLLECTIONS & RECEIVABLES MANAGEMENT ON NEXT DAY/JOUR SUIVANT AFFINITY CREDIT SOLUTIONS AB NEXT DAY/JOUR SUIVANT AJAX, TOWN OF - TAXES ON NEXT DAY/JOUR SUIVANT ALBERTA BLUE CROSS AB NEXT DAY/JOUR SUIVANT ALBERTA MAINTENANCE ENFORCEMENT PROGRAM AB NEXT DAY/JOUR SUIVANT ALBERTA MOTOR ASSOCIATION - INSURANCE COMPANY AB NEXT DAY/JOUR SUIVANT ALGOMA POWER ON NEXT DAY/JOUR SUIVANT ALIANT ACTIMEDIA NL NEXT DAY/JOUR SUIVANT ALIANT MOBILITY - NS/NB NS NEXT DAY/JOUR SUIVANT ALIANT MOBILITY / NL NS NEXT DAY/JOUR SUIVANT ALIANT MOBILITY/PEI PE NEXT DAY/JOUR SUIVANT ALLIANCEONE ON NEXT DAY/JOUR SUIVANT ALLSTATE INSURANCE ON NEXT DAY/JOUR SUIVANT ALLY CREDIT CANADA ON NEXT DAY/JOUR SUIVANT ALLY CREDIT CANADA LIMITED (AUTO)
    [Show full text]
  • 49 Media's Operating Expenses Consist Of
    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Media’s operating expenses consist of: Summarized Media Financial Results • Cost of sales, which is primarily comprised of the cost of retail The operating results of channel m and OLN, which were acquired products sold by The Shopping Channel; in 2008, are included in Media’s results of operations from the dates • Sales and marketing expenses; and of acquisition on April 30, 2008 and July 31, 2008, respectively. The • Operating, general and administrative expenses, which include operating results of Citytv are included in Media’s results of opera- programming costs, production expenses, circulation expenses, tions from the date of acquisition on October 31, 2007. player salaries and other back-office support functions. Years ended December 31, (In millions of dollars, except margin) 2008 2007 % Chg Operating revenue $ 1,496 $ 1,317 14 Operating expenses before the undernoted 1,354 1,141 19 Adjusted operating profit(1) 142 176 (19) Stock option plan amendment (2) – (84) n/m Stock-based compensation recovery (expense) (2) 17 (10) n/m Integration and restructuring expenses (4) (11) – n/m Adjustment for CRTC Part II fees decision (3) (6) – n/m Operating profit(1) $ 142 $ 82 73 Adjusted operating profit margin(1) 9.5% 13.4% Additions to property, plant and equipment (1) $ 81 $ 77 5 (1) As defined. See the section entitled “Key Performance Indicators and Non-GAAP Measures”. (2) See the section entitled “Stock-based Compensation”. (3) Relates to an adjustment for CRTC Part II fees related to prior periods. See the section entitled “Government Regulation and Regulatory Developments”.
    [Show full text]
  • An Historical Analysis of Foreign Ownership Restrictions in the Canadian
    An Historical Analysis of Foreign Ownership Restrictions in the Canadian Telecommunications Sector Marsha Ann Tate ([email protected]) College of Communications The Pennsylvania State University Communications 581 Fall 2001 Semester Paper Dr. Taylor Foreign Ownership Restrictions in the Canadian Telecom Sector: M. A. Tate 2 Introduction In addition to a several thousand mile long border, Canada also shares a variety of cultural, economic, historical, sociological, and technological similarities with the United States. These numerous commonalties have helped foster close ties between the two countries. As the U.S. State Department's March 2000 Background Note: Canada attests: The bilateral relationship between the United States and Canada is perhaps the closest and most extensive in the world. It is reflected in the staggering volume of trade -- over $1.4 billion a day--and people--over 200 million a year--crossing the U.S.-Canadian border. Canada and the United States also share one of the world's largest bilateral direct investment relationships. Stock of U.S. direct investment in Canada was estimated at $116.7 billion, or about 72% of total foreign direct investment in Canada at the end of 1999. Conversely, Canada is the third-largest foreign investor in the United States with direct investments totaling approximately $90.4 billion at the end of 1999 (Background Note: Canada; U.S. Department of State, March 2000). Canada's multiple similarities to the United States coupled with large disparities in population and market size (Canada's market is approximately ten times smaller than its U.S. counterpart), have historically raised Canadian fears of cultural, economic, and political domination at the hands of its southern neighbor.
    [Show full text]