Cable & IPTV - Basic and Non Basic Services - Ontario

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 2,133,712 2,168,729 1.64 2,198,918 1.39 2,126,182 -3.31 2,118,147 -0.38 -0.2
Connection 13,264 13,346 0.62 7,999 -40.06 12,722 59.04 16,810 32.13 6.1
Community Channel Sponsorship & Facilities Rental 2,080 1,755 -15.63 1,206 -31.27 1,175 -2.59 1,293 10.08 -11.2
Other Revenue 179,937 193,165 7.35 199,580 3.32 259,794 30.17 276,675 6.50 11.4
Total Revenue 2,328,992 2,376,996 2.06 2,407,703 1.29 2,399,873 -0.33 2,412,925 0.54 0.9

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Community Programming 45,588 48,065 5.43 55,318 15.09 56,123 1.46 54,765 -2.42 4.7
Affiliation Payments 768,748 783,183 1.88 802,901 2.52 857,692 6.82 896,496 4.52 3.9
Technical 337,845 346,911 2.68 313,807 -9.54 320,180 2.03 275,023 -14.10 -5.0
Sales and Promotion 133,010 143,886 8.18 153,441 6.64 189,152 23.27 193,876 2.50 9.9
Administration and General 388,305 434,486 11.89 394,549 -9.19 415,046 5.19 398,971 -3.87 0.7
Total Expenses 1,673,496 1,756,531 4.96 1,720,016 -2.08 1,838,193 6.87 1,819,130 -1.04 2.1
Operating Income 655,496 620,465 687,687 561,680 593,795
Local Programming Improvement Fund 29,748 30,290 20,542 11,707

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 520,806 517,549 -0.63 556,199 7.47 589,609 6.01 498,627 -15.43 -1.1
Total Staff Count (FTE) 6,588.6 6,182.0 -6.17 6,549.1 5.94 6,562.6 0.21 5,772.0 -12.05
Avg Remuneration ($) 79,047 83,719 5.91 84,927 1.44 89,845 5.79 86,388 -3.85 2.3
Avg Remuneration excl. Benefits ($) 66,460 70,033 5.38 70,299 0.38 75,530 7.44 71,585 -5.22 1.9

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Direct Subscribers 2,749,035 2,745,743 -0.12 2,760,381 0.53 2,689,561 -2.57 2,629,896 -2.22 -1.1
Indirect Subscribers 209,598 208,152 -0.69 208,940 0.38 212,208 1.56 208,962 -1.53 -0.1
Total Subscribers 2,958,633 2,953,895 -0.16 2,969,321 0.52 2,901,769 -2.27 2,838,858 -2.17 -1.0

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 28.1 26.1 28.6 23.4 24.6

CAGR = Compound Annual Growth Rate

FTE = Full-Time Equivalents

Var = Variation

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