Jays Roundup - Send Your Camel To Bed

Tuesday, October 26 2004 @ 08:23 AM EDT

Shadows paintin' our faces
Traces of romance in our heads
Heaven's holdin' a half-moon
Shinin' just for us

1. 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.
   

59 comments

https://www.battersbox.ca/article.php?story=20041026082324999