ROGERS COMMUNICATIONS INC
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2023 · Filed Mar 6, 2024
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Contents
EX-99.3 · SUMMARY OF COMMITMENTS
SUMMARY OF COMMITMENTS
Below is a summary of the future minimum payments for our contractual commitments that are not recognized as liabilities as at December 31, 2023.
| Less than · After | |||||
|---|---|---|---|---|---|
| (In millions of dollars) | 1 Year | 1-3 Years | 4-5 Years | 5 Years | Total |
| Player contracts 1 | 181 | 241 | 64 | — | 486 |
| Purchase obligations 2 | 559 | 448 | 187 | 265 | 1,459 |
| Program rights 3 | 734 | 1,000 | 173 | 60 | 1,967 |
| Total commitments | 1,474 | 1,689 | 424 | 325 | 3,912 |
1 Toronto Blue Jays players' salary contracts into which we have entered and are contractually obligated to pay.
2 Contractual obligations under service, product, and wireless device contracts to which we have committed.
3 Agreements into which we have entered to acquire broadcasting rights for sports broadcasting programs and films for periods in excess of one year at contract inception.
Below is a summary of our other contractual commitments that are not included in the table above.
| (In millions of dollars) | 2023 |
|---|---|
| Acquisition of property, plant and equipment | 263 |
| Acquisition of intangible assets 1 | 475 |
| Our share of commitments related to associates and joint ventures | 306 |
| Total other commitments | 1,044 |
1 Relates to 3800 MHz spectrum licences won at auction in late 2023, $95 million of which was paid in January 2024.
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