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Radio - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Reporting Units 675 685 - 694 - 704 - 711 - -

Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Local Time Sales 1,131,169,871 1,123,469,371 -0.68 1,090,920,696 -2.90 1,066,901,014 -2.20 1,009,830,760 -5.35 -2.8
National Time Sales 453,914,837 476,286,194 4.93 497,220,725 4.40 508,663,353 2.30 514,732,988 1.19 3.2
Syndication-Production 3,854,099 3,011,902 -21.85 6,139,226 103.83 6,154,817 0.25 8,592,302 39.60 22.2
Government/Corporate Grants 93,019 141,912 52.56 124,186 -12.49 140,342 13.01 114,122 -18.68 n/a
Other Revenue 29,395,236 19,749,042 -32.82 19,066,377 -3.46 20,482,467 7.43 17,827,607 -12.96 -11.8
Total Revenue 1,618,427,062 1,622,658,421 0.26 1,613,471,210 -0.57 1,602,341,993 -0.69 1,551,097,779 -3.20 -1.1

Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 486,670,959 498,838,720 2.50 507,382,328 1.71 510,063,854 0.53 497,955,675 -2.37 0.6
Technical 58,979,620 58,662,955 -0.54 58,723,474 0.10 57,705,696 -1.73 57,168,791 -0.93 -0.8
Sales and Promotion 387,292,724 371,950,529 -3.96 374,829,772 0.77 374,360,255 -0.13 355,640,704 -5.00 -2.1
Administration and General 320,833,300 322,458,594 0.51 329,142,194 2.07 314,473,043 -4.46 308,423,867 -1.92 -1.0
Total Expenses 1,253,776,603 1,251,910,798 -0.15 1,270,077,768 1.45 1,256,602,848 -1.06 1,219,189,037 -2.98 -0.7

Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 364,650,459 370,747,623 - 343,393,442 - 345,739,145 - 331,908,742 - -
Depreciation 43,740,699 42,815,220 -2.12 44,938,301 4.96 42,432,505 -5.58 43,766,273 3.14 0.0
P.B.I.T. 320,909,760 327,932,403 - 298,455,141 - 303,306,640 - 288,142,469 - -
Interest Expense 10,063,182 11,746,650 - 15,682,614 - 19,835,257 - 19,830,332 - -
Adjustments Gain(Loss) 56,352,114 -49,641,800 - 1,983,383 - -7,584,692 - 167,753,287 - -
Pre-tax Profit 367,198,692 266,543,953 - 284,755,910 - 275,886,691 - 436,065,424 - -

Programming and Production (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Prog-Prod Expense / Expense Total 38.8 39.8 - 39.9 - 40.6 - 40.8 - -
Prog-Prod Expense / Revenue Total 30.1 30.7 - 31.4 - 31.8 - 32.1 - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 681,023,518 680,065,169 -0.14 675,150,840 -0.72 670,636,480 -0.67 638,704,395 -4.76 -1.6
Total Staff Count 10,185.1 10,256.7 0.70 9,918.7 -3.30 9,546.1 -3.76 8,885.5 -6.92 -
Avg Remuneration ($) 66,865 66,304 -0.84 68,068 2.66 70,253 3.21 71,882 2.32 1.8
Avg Remuneration excl. Benefits ($) 57,545 59,002 2.53 61,275 3.85 63,623 3.83 64,864 1.95 3.0

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 22.5 22.8 - 21.3 - 21.6 - 21.4 - -
P.B.I.T. Margin 19.8 20.2 - 18.5 - 18.9 - 18.6 - -
Pre-tax Margin 22.7 16.4 - 17.6 - 17.2 - 28.1 - -

CAGR = Compound Annual Growth Rate

P.B.I.T. = Profit Before Interest and Tax

Var = Variation

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