Cable & IPTV - Basic and Non Basic Services - Canada

Cable, Internet Protocol Television (IPTV), Multipoint Distribution Systems (MDS) and Direct-to-Home (DTH) - Financial Summary 2011-2015

Table of Contents

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscription 5,473,355 5,569,359 1.75 5,816,648 4.44 5,858,290 0.72 5,930,915 1.24 2.0
Connection 29,789 30,106 1.07 22,467 -25.38 24,870 10.70 29,633 19.15 -0.1
Community Channel Sponsorship & Facilities Rental 5,256 5,457 3.84 4,321 -20.82 3,780 -12.52 3,619 -4.26 -8.9
Other Revenue 418,610 463,429 10.71 478,283 3.21 629,224 31.56 665,454 5.76 12.3
Total Revenue 5,927,010 6,068,352 2.38 6,321,719 4.18 6,516,165 3.08 6,629,622 1.74 2.8

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Community Programming 112,483 122,161 8.60 140,766 15.23 151,703 7.77 152,620 0.60 7.9
Affiliation Payments 2,071,889 2,195,044 5.94 2,309,690 5.22 2,495,361 8.04 2,638,346 5.73 6.2
Technical 1,058,600 1,101,247 4.03 1,177,368 6.91 1,228,991 4.38 1,199,023 -2.44 3.2
Sales and Promotion 360,323 404,895 12.37 439,545 8.56 498,460 13.40 491,959 -1.30 8.1
Administration and General 987,338 1,015,707 2.87 999,243 -1.62 1,110,491 11.13 1,082,254 -2.54 2.3
Total Expenses 4,590,632 4,839,053 5.41 5,066,612 4.70 5,485,006 8.26 5,564,202 1.44 4.9
Operating Income 1,336,378 1,229,298 1,255,107 1,031,159 1,065,420
Local Programming Improvement Fund 70,793 73,845 50,234 27,568

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 2,009,079 2,205,207 9.76 2,220,625 0.70 2,341,699 5.45 2,196,510 -6.20 2.3
Total Staff Count (FTE) 25,461.6 26,695.0 4.84 26,921.2 0.85 27,245.6 1.21 25,647.7 -5.86
Avg Remuneration ($) 78,906 82,607 4.69 82,486 -0.15 85,948 4.20 85,642 -0.36 2.1
Avg Remuneration excl. Benefits ($) 65,124 69,198 6.26 70,800 2.31 73,460 3.76 73,034 -0.58 2.9

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Direct Subscribers 7,940,449 8,185,003 3.08 8,294,302 1.34 8,280,632 -0.16 8,309,299 0.35 1.1
Indirect Subscribers 579,112 518,180 -10.52 531,844 2.64 565,001 6.23 562,162 -0.50 -0.7
Total Subscribers 8,519,561 8,703,183 2.16 8,826,146 1.41 8,845,633 0.22 8,871,461 0.29 1.0

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 22.5 20.3 19.9 15.8 16.1

CAGR = Compound Annual Growth Rate

FTE = Full-Time Equivalents

Var = Variation

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