Radio AM / FM - Canada - English

Commercial Radio - Financial Summary 2011-2015

Table of Contents

Reporting Units
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Reporting Units 549 555   563   575   582    

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Local Time Sales 941,623,080 939,505,527 -0.22 929,498,429 -1.07 894,636,106 -3.75 871,076,812 -2.63 >-1.9
National Time Sales 345,564,914 350,979,516 1.57 372,958,995 6.26 392,647,940 5.28 407,479,176 3.78 4.2
Syndication-Production 1,138,546 1,967,111 72.77 751,617 -61.79 1,397,678 85.96 1,632,582 16.81 9.4
Government/Corporate Grants 82,105 72,959 -11.14 126,097 72.83 119,740 -5.04 134,142 12.03 -7.4
Other Revenue 21,811,743 22,460,135 2.97 15,084,666 -32.84 15,866,414 5.18 16,878,041 6.38 -6.2
Total Revenue 1,310,220,388 1,314,985,248 0.36 1,318,419,804 0.26 1,304,667,878 -1.04 1,297,200,753 -0.57 -0.3

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming 375,672,206 382,320,046 1.77 391,296,357 2.35 400,808,476 2.43 401,754,499 0.24 1.7
Technical 43,575,027 44,503,229 2.13 45,366,203 1.94 45,777,620 0.91 45,479,726 -0.65 1.1
Sales and Promotion 324,650,197 316,973,667 -2.36 301,372,817 -4.92 305,447,148 1.35 302,858,472 -0.85 -1.7
Administration and General 259,999,608 260,153,196 0.06 261,585,729 0.55 268,507,781 2.65 259,256,101 -3.45 -0.1
Total Expenses 1,003,897,038 1,003,950,138 0.01 999,621,106 -0.43 1,020,541,025 2.09 1,009,348,798 -1.10 0.1

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income 306,323,350 311,035,110   318,798,698   284,126,853   287,851,955    
Depreciation 36,377,698 35,271,844 -3.04 33,494,585 -5.04 36,771,726 9.78 34,574,803 -5.97 -1.3
P.B.I.T. 269,945,652 275,763,266   285,304,113   247,355,127   253,277,152    
Interest Expense 9,928,411 8,870,045   8,680,170   12,047,418   16,521,523    
Adjustments Gain(Loss) -6,068,635 29,460,800   -76,571,259   -642,675   -6,635,994    
Pre-tax Profit 253,948,606 296,354,021   200,052,684   234,665,034   230,119,635    

Programming Expense (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming Expense / Expense Total 37.4 38.1   39.1   39.3   39.8    
Programming Expense / Revenue Total 28.7 29.1   29.7   30.7   31.0    

Staff ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 526,405,815 535,821,712 1.79 535,246,020 -0.11 529,126,650 -1.14 523,222,451 -1.12 -0.2
Avg Staff Count 8,098.1 7,862.5 -2.91 7,900.2 0.48 7,632.4 -3.39 7,423.3 -2.74  
Avg Remuneration ($) 65,004 68,149 4.84 67,751 -0.58 69,326 2.33 70,483 1.67 2.0
Avg Remuneration excl. Benefits ($) 58,318 58,435 0.20 60,482 3.50 62,426 3.21 63,826 2.24 2.3

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 23.4 23.7   24.2   21.8   22.2    
P.B.I.T. Margin 20.6 21.0   21.6   19.0   19.5    
Pre-tax Margin 19.4 22.5   15.2   18.0   17.7    

CAGR = Compound Annual Growth Rate

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

Var = Variation

Date modified: