Shadows paintin' our faces
Traces of romance in our heads
Heaven's holdin' a half-moon
Shinin' just for us
Discuss!
Traces of romance in our heads
Heaven's holdin' a half-moon
Shinin' just for us
- Three cheers to Scott for finding this one: "Rogers Communications Reports Strong Third Quarter 2004 Results"
During the two months ended September 30, 2004, the Blue Jays generated
revenue of $42.1 million primarily related to baseball revenue, which
comprises home game and concession revenue, and revenue generated from Major
League Baseball's revenue sharing agreement whereby funds are distributed to
and from clubs based on the clubs' respective revenues.
Operating expenses for the two months ended September 30, 2004 were $51.2
million, which consist primarily of player salaries, team costs, scouting and
stadium operations. During the quarter, the Blue Jays took a non-cash write
off of $15.2 million relating to deferred receivables which were considered
uncollectible. As such, an operating loss of $9.1 million was recognized for
the two months ended September 30, 2004.
On a cash basis, for the quarter ended September 30, 2004, we advanced
the Blue Jays $7.8 million compared to $22.2 million in the third quarter of
2003.
Another interesting point is that Rogers overall realized a pretty significant gain from the rise in the Canadian Dollar:
The foreign exchange gain of $35.8 million in the third quarter of 2004
arose primarily from the translation of the unhedged U.S. dollar-denominated
debt and reflects a strengthening of the Canadian dollar relative to that of
the U.S. dollar from an exchange rate of $1.3338 as at June 30, 2004 to a rate
of $1.2639 at September 30, 2004.
To put this figure into perspective, the Jays represent 2.9% of Rogers' overall operating revenue for the period and 5.2% of Rogers' overall operating expenses.
Discuss!
