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

Broadcasting Distribution - Cable, Internet Protocol Television (IPTV) and Direct-to-Home (DTH) - Financial Summary 2012-2016

Table of Contents

Revenue ($000)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Subscription 821,735 880,584 7.16 913,146 3.70 906,355 -0.74 907,995 0.18 2.5
Connection 2,845 3,096 8.84 1,784 -42.39 1,805 1.17 2,561 41.90 -2.6
Community Channel Sponsorship & Facilities Rental 0 55 n/a 76 39.26 84 10.23 80 -4.42 n/a
Other Revenue 33,965 37,821 11.35 66,636 76.19 66,914 0.42 62,177 -7.08 16.3
Total Revenue 858,545 921,556 7.34 981,642 6.52 975,158 -0.66 972,813 -0.24 3.2

Expenses ($000)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Community Programming 15,677 16,505 5.29 21,127 28.00 21,495 1.74 19,777 -7.99 6.0
Affiliation Payments 346,880 379,298 9.35 416,202 9.73 421,298 1.22 414,558 -1.60 4.6
Technical 192,171 276,312 43.78 321,589 16.39 328,454 2.13 329,121 0.20 14.4
Sales and Promotion 30,049 41,373 37.68 46,516 12.43 40,730 -12.44 43,566 6.96 9.7
Administration and General 166,216 171,742 3.32 202,905 18.15 201,446 -0.72 204,602 1.57 5.3
Total Expenses 750,993 885,231 17.87 1,008,339 13.91 1,013,423 0.50 1,011,624 -0.18 7.7
Operating Income 107,551 36,326 - -26,697 - -38,266 - -38,811 - -
Local Programming Improvement Fund 11,594 7,204 - 3,683 - - - - - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 534,696 494,450 -7.53 525,645 6.31 511,976 -2.60 526,683 2.87 -0.4
Total Staff Count (FTE) 5,692.0 5,375.0 -5.57 5,552.4 3.30 5,508.8 -0.79 5,643.7 2.45 -
Avg Remuneration ($) 93,938 91,991 -2.07 94,670 2.91 92,938 -1.83 93,322 0.41 -0.2
Avg Remuneration excl. Benefits ($) 82,346 83,915 1.91 86,547 3.14 84,554 -2.30 85,084 0.63 0.8

Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Direct Subscribers 1,307,992 1,291,545 -1.26 1,289,630 -0.15 1,268,858 -1.61 1,240,694 -2.22 -1.3
Indirect Subscribers 102,560 106,107 3.46 104,099 -1.89 100,844 -3.13 95,395 -5.40 -1.8
Subscribers 1,410,552 1,397,652 -0.91 1,393,729 -0.28 1,369,702 -1.72 1,336,089 -2.45 -1.4

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 12.5 3.9 - -2.7 - -3.9 - -4.0 - -

CAGR = Compound Annual Growth Rate

FTE = Full-Time Equivalents

Var = Variation

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