Cable & IPTV - Basic And Non Basic Services - Ontario

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 2,168,729 2,198,918 1.39 2,126,182 -3.31 2,118,147 -0.38 2,033,169 -4.01 -1.6
Connection 13,346 7,999 -40.06 12,722 59.04 16,810 32.13 18,568 10.45 8.6
Community Channel Sponsorship & Facilities Rental 1,755 1,206 -31.27 1,175 -2.59 1,293 10.08 1,192 -7.82 -9.2
Other Revenue 193,165 199,580 3.32 259,794 30.17 276,675 6.50 300,844 8.74 11.7
Total Revenue 2,376,996 2,407,703 1.29 2,399,873 -0.33 2,412,925 0.54 2,353,773 -2.45 -0.3

Expenses ($000)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Community Programming 48,065 55,318 15.09 56,123 1.46 54,765 -2.42 57,446 4.89 4.6
Affiliation Payments 783,183 802,901 2.52 857,692 6.82 896,496 4.52 954,309 6.45 5.1
Technical 346,911 313,807 -9.54 320,180 2.03 275,023 -14.10 258,749 -5.92 -7.1
Sales and Promotion 143,886 153,441 6.64 189,152 23.27 193,876 2.50 207,814 7.19 9.6
Administration and General 434,486 394,549 -9.19 415,046 5.19 398,971 -3.87 424,793 6.47 -0.6
Total Expenses 1,756,531 1,720,016 -2.08 1,838,193 6.87 1,819,130 -1.04 1,903,111 4.62 2.0
Operating Income 620,465 687,687 - 561,680 - 593,795 - 450,662 - -
Local Programming Improvement Fund 30,290 20,542 - 11,707 - - - - - -

Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 517,549 556,199 7.47 589,609 6.01 498,627 -15.43 534,185 7.13 0.8
Total Staff Count (FTE) 6,182.0 6,549.1 5.94 6,562.6 0.21 5,772.0 -12.05 5,640.2 -2.28 -
Avg Remuneration ($) 83,719 84,927 1.44 89,845 5.79 86,388 -3.85 94,710 9.63 3.1
Avg Remuneration excl. Benefits ($) 70,155 70,412 0.37 75,530 7.27 71,585 -5.22 78,015 8.98 2.7

Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Direct Subscribers 2,745,743 2,760,381 0.53 2,689,561 -2.57 2,629,896 -2.22 2,650,235 0.77 -0.9
Indirect Subscribers 208,152 208,940 0.38 212,208 1.56 208,962 -1.53 209,135 0.08 0.1
Subscribers 2,953,895 2,969,321 0.52 2,901,769 -2.27 2,838,858 -2.17 2,859,370 0.72 -0.8

Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 26.1 28.6 - 23.4 - 24.6 - 19.1 - -

CAGR = Compound Annual Growth Rate

FTE = Full-Time Equivalents

Var = Variation

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