Cable - Canada

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 4,996,012 4,902,996 -1.86 4,779,658 -2.52 4,642,173 -2.88 4,360,018 -6.08 -3.4
Connection 29,285 21,662 -26.03 18,901 -12.75 20,472 8.31 20,352 -0.58 -8.7
Community Channel Sponsorship & Facilities Rental 5,457 4,321 -20.82 3,780 -12.52 3,619 -4.26 2,591 -28.41 -17.0
Other Revenue 448,981 461,332 2.75 428,492 -7.12 400,869 -6.45 406,416 1.38 -2.5
Total Revenue 5,479,735 5,390,313 -1.63 5,230,830 -2.96 5,067,133 -3.13 4,789,377 -5.48 -3.3

Expenses ($000)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Community Programming 115,561 128,746 11.41 131,974 2.51 127,084 -3.71 121,277 -4.57 1.2
Affiliation Payments 1,915,863 1,901,770 -0.74 1,945,340 2.29 1,960,064 0.76 1,933,611 -1.35 0.2
Technical 790,918 812,930 2.78 791,793 -2.60 729,159 -7.91 755,167 3.57 -1.2
Sales and Promotion 290,743 291,155 0.14 321,830 10.54 320,621 -0.38 301,541 -5.95 0.9
Administration and General 884,258 727,246 -17.76 754,109 3.69 678,593 -10.01 630,211 -7.13 -8.1
Total Expenses 3,997,342 3,861,848 -3.39 3,945,046 2.15 3,815,522 -3.28 3,741,808 -1.93 -1.6
Operating Income 1,482,393 1,528,465 - 1,285,785 - 1,251,612 - 1,047,569 - -
Local Programming Improvement Fund 69,271 44,697 - 22,891 - - - - - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 1,950,292 1,876,062 -3.81 1,938,143 3.31 1,882,927 -2.85 1,964,861 4.35 0.2
Total Staff Count (FTE) 24,683.3 23,743.8 -3.81 23,856.9 0.48 22,736.1 -4.70 22,049.1 -3.02 -
Avg Remuneration ($) 79,013 79,013 0.00 81,240 2.82 82,817 1.94 89,113 7.60 3.1
Avg Remuneration excl. Benefits ($) 66,097 66,261 0.25 67,561 1.96 68,958 2.07 73,438 6.50 2.7

Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Direct Subscribers 7,181,970 6,899,147 -3.94 6,494,148 -5.87 6,142,049 -5.42 5,783,037 -5.85 -5.3
Indirect Subscribers 514,960 530,306 2.98 563,512 6.26 560,738 -0.49 664,804 18.56 6.6
Subscribers 7,696,930 7,429,453 -3.48 7,057,660 -5.00 6,702,787 -5.03 6,447,841 -3.80 -4.3

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 27.1 28.4 - 24.6 - 24.7 - 21.9 - -

CAGR = Compound Annual Growth Rate

FTE = Full-Time Equivalents

Var = Variation

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