Private Television - Financial Summary - Canada

Conventional Television - Financial Summary 2011-2015

Table of Contents

Reporting Units
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Reporting Units 92 92 92 92 93

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Local Time Sales 352,871,645 354,601,374 0.49 351,227,615 -0.95 333,539,869 -5.04 330,116,650 -1.03 -1.7
National Time Sales 1,463,720,165 1,350,563,408 -7.73 1,279,271,641 -5.28 1,179,822,846 -7.77 1,177,561,783 -0.19 -5.3
Network Payments 111,145,635 111,470,050 0.29 110,491,801 -0.88 110,830,219 0.31 103,908,694 -6.25 -1.7
Infomercials 16,584,795 15,045,628 -9.28 17,391,424 15.59 17,691,962 1.73 14,280,927 -19.28 -3.7
Syndication-Production 16,752,101 15,939,802 -4.85 15,979,327 0.25 16,259,351 1.75 12,020,208 -26.07 -8.0
Local Programming Improvement Fund 65,411,254 64,365,302 -1.60 39,881,723 -38.04 21,739,115 -45.49 n/a n/a
Small Market Local Programming Fund 8,975,115 n/a
Government Grants & Parliamentary Appropriation 0 0 n/a 0 n/a 320,105 n/a 268,681 -16.06 n/a
Other Revenue 112,504,619 126,140,249 12.12 130,053,781 3.10 123,478,685 -5.06 109,926,549 -9.89 -0.3
Total Revenue 2,138,990,214 2,038,125,813 -4.72 1,944,297,312 -4.60 1,803,682,152 -7.23 1,757,058,607 -2.58 -4.8

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Program 1,353,671,066 1,438,117,476 6.24 1,395,522,623 -2.96 1,397,326,203 0.13 1,363,291,030 -2.44 0.2
Technical 77,261,120 80,854,235 4.65 80,094,737 -0.94 79,093,564 -1.25 79,008,215 -0.11 0.6
Sales and Promotion 233,629,181 224,127,471 -4.07 187,403,054 -16.39 188,018,943 0.33 182,411,077 -2.98 -6.0
Administration and General 224,207,241 176,828,775 -21.13 189,353,960 7.08 180,588,177 -4.63 191,365,621 5.97 -3.9
Total Expenses 1,888,768,608 1,919,927,957 1.65 1,852,374,374 -3.52 1,845,026,887 -0.40 1,816,075,943 -1.57 -1.0
Operating Income 250,221,606 118,197,856 91,922,938 -41,344,735 -59,017,336
Depreciation 93,824,735 95,312,323 1.59 94,238,859 -1.13 97,311,460 3.26 81,847,663 -15.89 -3.4
P.B.I.T. 156,396,871 22,885,533 -2,315,921 -138,656,195 -140,864,999
Interest Expense 10,401,966 9,959,999 -4.25 11,948,333 19.96 11,469,219 -4.01 12,500,136 8.99
Adjustments Gain(Loss) 2,949,295 -44,263,387 -55,003,276 -125,445,025 -72,933,343
Pre-tax Profit 148,944,200 -31,337,853 -69,267,530 -275,570,439 -226,298,478

Programming (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Prog Expense/Expense Total 71.7 74.9 75.3 75.7 75.1
Prog Expense/Revenue Total 63.3 70.6 71.8 77.5 77.6

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 530,748,361 537,197,607 1.22 530,646,485 -1.22 532,689,889 0.39 550,720,117 3.38 0.9
Total Staff Count 6,262.5 6,342.9 1.28 6,083.5 -4.09 5,961.3 -2.01 5,789.8 -2.88
Avg Remuneration ($) 84,750 84,693 -0.07 87,228 2.99 89,357 2.44 95,119 6.45 2.9
Avg Remuneration Without Fringe Benefits ($) 74,118 74,019 -0.13 75,227 1.63 76,584 1.80 81,709 6.69 2.5

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin 11.7 5.8 4.7 -2.3 -3.4
P.B.I.T. Margin 7.3 1.1 -0.1 -7.7 -8.0
Pre-tax Margin 7.0 -1.5 -3.6 -15.3 -12.9

CAGR = Compound Annual Growth Rate

P.B.I.T. = Profit Before Interest and Tax

Var = Variation

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