Cable, IPTV and DTH Basic and Non Basic Services - Canada

Broadcasting Distribution - Cable, Internet Protocol Television (IPTV) and Direct-to-Home (DTH) - Financial Summary 2012-2016

Table of Contents

Revenue ($000)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Subscription 8,061,784 8,288,838 2.82 8,034,566 -3.07 8,014,888 -0.24 7,797,080 -2.72 -0.8
Connection 30,107 22,467 -25.38 41,130 83.07 46,646 13.41 55,871 19.78 16.7
Community Channel Sponsorship & Facilities Rental 5,457 4,321 -20.82 3,780 -12.52 3,619 -4.26 2,591 -28.41 -17.0
Set-top Box - Rental - - - 719,830 - 753,462 4.67 790,080 4.86 -
Set-top Box - Net Sales - - - 64,954 - 50,781 -21.82 38,981 -23.24 -
Other Revenue 463,430 478,289 3.21 65,730 - 49,347 -24.93 49,582 0.48 -
Total Revenue 8,560,779 8,793,915 2.72 8,929,991 1.55 8,918,743 -0.13 8,734,185 -2.07 0.5

Expenses ($000)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Community Programming 122,174 140,785 15.23 151,703 7.75 152,620 0.60 150,847 -1.16 5.4
Affiliation Payments 3,007,235 3,103,720 3.21 3,304,773 6.48 3,424,532 3.62 3,479,060 1.59 3.7
Technical 1,504,720 1,560,914 3.73 1,608,594 3.05 1,643,603 2.18 1,522,687 -7.36 0.3
Sales and Promotion 587,380 583,498 -0.66 637,955 9.33 606,045 -5.00 615,116 1.50 1.2
Administration and General 1,360,646 1,323,614 -2.72 1,423,067 7.51 1,511,629 6.22 1,570,441 3.89 3.7
Total Expenses 6,582,155 6,712,531 1.98 7,126,091 6.16 7,338,428 2.98 7,338,151 0.00 2.8
Operating Income 1,978,624 2,081,384 - 1,803,900 - 1,580,314 - 1,396,034 - -
Local Programming Improvement Fund 111,818 75,157 - 39,928 - - - - - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 2,396,298 2,403,728 0.31 2,503,466 4.15 2,309,861 -7.73 2,405,590 4.14 0.1
Total Staff Count (FTE) 28,793.04 28,894.17 0.35 29,085.59 0.66 27,243.67 -6.33 26,512.81 -2.68 -
Avg Remuneration ($) 83,225 83,191 -0.04 86,072 3.46 84,785 -1.50 90,733 7.02 2.2
Avg Remuneration excl. Benefits ($) 70,133 71,630 2.13 73,592 2.74 72,312 -1.74 76,943 6.40 2.3

Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Subscribers 11,528,860 11,517,350 -0.10 11,404,591 -0.98 11,246,669 -1.38 11,121,828 -1.11 -0.9

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 23.1 23.7 - 20.2 - 17.7 - 16.0 - -

CAGR = Compound Annual Growth Rate

FTE = Full-Time Equivalents

Var = Variation

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