Private Television - Financial Summary - Canada

Conventional Television - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 2014 2015 2016
92 92 92 93 93

Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Local Time Sales 354,601,374 351,227,615 -0.95 333,539,869 -5.04 330,116,650 -1.03 315,077,260 -4.56 -2.9
National Time Sales 1,350,563,408 1,279,271,641 -5.28 1,179,822,846 -7.77 1,177,561,783 -0.19 1,124,659,745 -4.49 -4.5
Network Payments 111,470,050 110,491,801 -0.88 110,830,219 0.31 103,908,694 -6.25 98,875,379 -4.84 -3.0
Infomercials 15,045,628 17,391,424 15.59 17,691,962 1.73 14,280,927 -19.28 14,285,448 0.03 -1.3
Syndication-Production 15,939,802 15,979,327 0.25 16,259,351 1.75 12,020,208 -26.07 11,177,163 -7.01 -8.5
Local Programming Improvement Fund 64,365,302 39,881,723 -38.04 21,739,115 -45.49 - - - - n/a
Small Market Local Programming Fund - - - - - 8,975,115 - 8,555,384 -4.68 n/a
Government Grants 0 0 n/a 320,105 n/a 268,681 -16.06 213,409 -20.57 n/a
Other Revenue 126,140,249 130,053,781 3.10 123,478,685 -5.06 109,926,549 -10.98 104,946,515 -4.53 -4.5
Total Revenue 2,038,125,813 1,944,297,312 -4.60 1,803,682,152 -7.23 1,757,058,607 -2.58 1,677,790,303 -4.51 -4.8

Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 1,438,117,476 1,395,522,623 -2.96 1,397,326,203 0.13 1,363,291,030 -2.44 1,293,081,378 -5.15 -2.6
Technical 80,854,235 80,094,737 -0.94 79,093,564 -1.25 79,008,215 -0.11 74,924,511 -5.17 -1.9
Sales and Promotion 224,127,471 187,403,054 -16.39 188,018,943 0.33 182,411,077 -2.98 174,029,068 -4.60 -6.1
Administration and General 176,828,775 189,353,960 7.08 180,588,177 -4.63 191,365,621 5.97 166,016,509 -13.25 -1.6
Total Expenses 1,919,927,957 1,852,374,374 -3.52 1,845,026,887 -0.40 1,816,075,943 -1.57 1,708,051,466 -5.95 -2.9
Operating Income (Loss) 118,197,856 91,922,938 - -41,344,735 - -59,017,336 - -30,261,163 - -
Depreciation 95,312,323 94,238,859 -1.13 97,311,460 3.26 81,847,663 -15.89 82,934,748 1.33 -3.4
P.B.I.T. 22,885,533 -2,315,921 - -138,656,195 - -140,864,999 - -113,195,911 - -
Interest Expense 9,959,999 11,948,333 19.96 11,469,219 -4.01 7,501,603 -34.59 100,138 -98.67 -
Adjustments Gain (Loss) -44,263,387 -55,003,276 - -125,445,025 - -72,933,343 - -8,034,230 - -
Pre-tax Profit -31,337,853 -69,267,530 - -275,570,439 - -221,299,945 - -121,330,279 - -

Canadian Programming Expenses (CPE)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Canadian Programming Expenses (CPE) 661,758,557 605,414,675 -8.51 619,305,475 2.29 655,710,894 5.88 633,292,755 -3.42 -1.1
CPE / Revenue (%) 32.5 31.1 - 34.3 - 37.3 - 37.7 - -

Programming and Production (%)
2012 2013 2014 2015 2016
Prog-Prod Expense/Expense Total 74.9 75.3 75.7 75.1 75.7
Prog-Prod Expense/Revenue Total 70.6 71.8 77.5 77.6 77.1

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration 537,197,607 530,646,485 -1.22 532,689,889 0.39 534,491,117 0.34 499,405,287 -6.56 -1.8
Total Staff Count 6,342.9 6,083.5 -4.09 5,961.3 -2.01 5,789.8 -2.88 5,313.6 -8.22 -
Avg Remuneration ($) 84,693 87,228 2.99 89,357 2.44 92,316 3.31 93,986 1.81 2.6
Avg Remuneration Without Fringe Benefits ($) 74,019 75,227 1.63 76,584 1.80 78,906 3.03 80,015 1.41 2.0

Profitability (%)
2012 2013 2014 2015 2016
Operating Margin 5.8 4.7 -2.3 -3.4 -1.8
P.B.I.T. Margin 1.1 -0.1 -7.7 -8.0 -6.7
Pre-tax Margin -1.5 -3.6 -15.3 -12.6 -7.2

CAGR = Compound Annual Growth Rate

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

Var = Variation

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