Radio AM / FM - Canada - English

Radio - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Reporting Units 555 563 - 574 - 583 - 589 - -

Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Local Time Sales 939,505,527 929,498,429 -1.07 894,157,511 -3.80 871,228,190 -2.56 815,899,711 -6.35 -3.5
National Time Sales 350,979,516 372,958,995 6.26 392,423,292 5.22 407,484,745 3.84 408,993,679 0.37 3.9
Syndication-Production 1,967,111 751,617 -61.79 1,397,678 85.96 1,632,582 16.81 4,219,800 158.47 21.0
Government/Corporate Grants 72,959 126,097 72.83 119,740 -5.04 134,142 12.03 108,704 -18.96 n/a
Other Revenue 22,460,135 15,084,666 -32.84 15,866,366 5.18 16,743,980 5.53 14,185,509 -15.28 -10.9
Total Revenue 1,314,985,248 1,318,419,804 0.26 1,303,964,587 -1.10 1,297,223,639 -0.52 1,243,407,403 -4.15 -1.4

Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 382,320,046 391,296,357 2.35 400,569,548 2.37 401,530,471 0.24 394,559,450 -1.74 0.8
Technical 44,503,229 45,366,203 1.94 45,765,404 0.88 45,428,422 -0.74 44,225,307 -2.65 -0.2
Sales and Promotion 316,973,667 301,372,817 -4.92 305,214,975 1.27 303,085,979 -0.70 286,604,499 -5.44 -2.5
Administration and General 260,153,196 261,585,729 0.55 268,155,103 2.51 259,360,340 -3.28 255,217,492 -1.60 -0.5
Total Expenses 1,003,950,138 999,621,106 -0.43 1,019,705,030 2.01 1,009,405,212 -1.01 980,606,748 -2.85 -0.6

Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 311,035,110 318,798,698 - 284,259,557 - 287,818,427 - 262,800,655 - -
Depreciation 35,271,844 33,494,585 -5.04 36,689,513 9.54 34,574,803 -5.76 35,084,902 1.48 -0.1
P.B.I.T. 275,763,266 285,304,113 - 247,570,044 - 253,243,624 - 227,715,753 - -
Interest Expense 8,870,045 8,680,170 - 12,047,418 - 16,521,523 - 16,088,801 - -
Adjustments Gain(Loss) 29,460,800 -76,571,259 - -642,675 - -6,635,994 - 171,534,907 - -
Pre-tax Profit 296,354,021 200,052,684 - 234,879,951 - 230,086,107 - 383,161,859 - -

Programming and Production (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Prog-Prod Expense / Expense Total 38.1 39.1 - 39.3 - 39.8 - 40.2 - -
Prog-Prod Expense / Revenue Total 29.1 29.7 - 30.7 - 31.0 - 31.7 - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 535,821,712 535,246,020 -0.11 528,605,288 -1.24 523,297,803 -1.00 503,487,873 -3.79 -1.5
Total Staff Count 7,862.5 7,900.2 0.48 7,619.4 -3.55 7,425.3 -2.55 6,806.7 -8.33 -
Avg Remuneration ($) 68,149 67,751 -0.58 69,376 2.40 70,475 1.58 73,970 4.96 2.1
Avg Remuneration excl. Benefits ($) 58,435 60,482 3.50 62,472 3.29 63,819 2.16 66,918 4.86 3.5

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 23.7 24.2 - 21.8 - 22.2 - 21.1 - -
P.B.I.T. Margin 21.0 21.6 - 19.0 - 19.5 - 18.3 - -
Pre-tax Margin 22.5 15.2 - 18.0 - 17.7 - 30.8 - -

CAGR = Compound Annual Growth Rate

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

Var = Variation

Date modified: