Cable & IPTV - Basic and Non Basic Services - British Columbia and Territories

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 877,992 821,735 -6.41 880,584 7.16 913,146 3.70 906,355 -0.74 0.8
Connection 3,197 2,845 -11.02 3,096 8.84 1,784 -42.39 1,805 1.17 -13.3
Community Channel Sponsorship & Facilities Rental 0 0 n/a 55 n/a 76 39.26 84 10.23
Other Revenue 22,120 33,965 53.55 37,821 11.35 66,636 76.19 66,914 0.42 31.9
Total Revenue 903,309 858,545 -4.96 921,556 7.34 981,642 6.52 975,158 -0.66 1.9

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Community Programming 13,429 15,677 16.74 16,505 5.29 21,127 28.00 21,495 1.74 12.5
Affiliation Payments 328,694 346,880 5.53 379,298 9.35 416,202 9.73 421,298 1.22 6.4
Technical 151,768 192,171 26.62 276,312 43.78 321,589 16.39 328,454 2.13 21.3
Sales and Promotion 30,498 30,049 -1.47 41,373 37.68 46,516 12.43 40,730 -12.44 7.5
Administration and General 186,051 166,216 -10.66 171,742 3.32 202,905 18.15 201,446 -0.72 2.0
Total Expenses 710,441 750,993 5.71 885,231 17.87 1,008,339 13.91 1,013,423 0.50 9.3
Operating Income 192,869 107,551 36,326 -26,697 -38,266
Local Programming Improvement Fund 11,020 11,594 7,204 3,683

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 477,122 534,696 12.07 494,450 -7.53 525,645 6.31 511,976 -2.60 1.8
Total Staff Count (FTE) 5,417.0 5,692.0 5.08 5,375.0 -5.57 5,552.4 3.30 5,508.8 -0.79
Avg Remuneration ($) 88,079 93,938 6.65 91,991 -2.07 94,670 2.91 92,938 -1.83 1.4
Avg Remuneration excl. Benefits ($) 76,725 82,346 7.33 83,915 1.91 86,547 3.14 84,554 -2.30 2.5

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Direct Subscribers 1,246,617 1,307,992 4.92 1,291,545 -1.26 1,289,630 -0.15 1,268,858 -1.61 0.4
Indirect Subscribers 147,253 102,560 -30.35 106,107 3.46 104,099 -1.89 100,844 -3.13 -9.0
Total Subscribers 1,393,870 1,410,552 1.20 1,397,652 -0.91 1,393,729 -0.28 1,369,702 -1.72 -0.4

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 21.4 12.5 3.9 -2.7 -3.9

CAGR = Compound Annual Growth Rate

FTE = Full-Time Equivalents

Var = Variation

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