Canadian Broadcasting Corporation - Financial Summary - Canada

Conventional Television - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 2014 2015 2016
27 27 27 27 27

Revenue ($)
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Local Time Sales 47,327,128 44,526,332 -5.92 48,981,872 10.01 49,490,716 1.04 43,629,034 -11.84 -2.0
National Time Sales 325,366,953 286,597,251 -11.92 425,665,408 48.52 170,567,391 -59.93 222,496,462 30.44 -9.1
Syndication-Production 50,024,167 53,765,138 7.48 67,676,001 25.87 89,360,588 32.04 65,918,234 -26.23 7.1
Local Programming Improvement Fund 47,158,790 34,835,830 -26.13 17,562,628 -49.58 - - - - n/a
Parliamentary Appropriation 861,381,118 783,201,049 -9.08 726,001,841 -7.30 757,934,083 4.40 812,259,340 7.17 -1.5
Other Revenue 37,904,420 43,999,507 16.08 42,222,342 -4.04 39,882,907 -5.54 40,918,304 2.60 1.9
Total Revenue 1,369,162,576 1,246,925,107 -8.93 1,328,110,092 6.51 1,107,235,685 -16.63 1,185,221,374 7.04 -3.5

Expenses ($)
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 886,753,833 821,553,788 -7.35 897,932,051 9.30 687,293,380 -23.46 743,082,250 8.12 -4.3
Technical 108,861,737 106,861,277 -1.84 104,090,478 -2.59 97,699,158 -6.14 96,594,133 -1.13 -2.9
Sales and Promotion 119,145,876 108,973,207 -8.54 110,540,347 1.44 101,866,421 -7.85 115,537,818 13.42 -0.8
Administration and General 143,151,258 128,839,384 -10.00 136,806,554 6.18 136,345,490 -0.34 103,584,564 -24.03 -7.8
Total Expenses 1,257,912,704 1,166,227,656 -7.29 1,249,369,430 7.13 1,023,204,449 -18.10 1,058,798,765 3.48 -4.2
Operating Income (Loss) 111,249,872 80,697,451 - 78,740,662 - 84,031,236 - 126,422,609 - -
Depreciation 141,605,011 108,574,591 -23.33 102,410,811 -5.68 94,937,224 -7.30 89,729,456 -5.49 -10.8
Surplus (deficit) -30,355,139 -27,877,140 - -23,670,149 - -10,905,988 - 36,693,153 - -
Interest Expense 21,640,609 20,317,732 -6.11 19,253,829 -5.24 18,005,052 -6.49 16,833,797 -6.51 -
Adjustments Gain (Loss) 41,525,944 64,976,407 - 3,845,533 - -15,934,071 - -41,424,750 - -
Pre-tax Profit -10,469,804 16,781,535 - -39,078,445 - -44,845,111 - -21,565,394 - -

Canadian Programming Expenses (CPE)
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Canadian Programming Expenses (CPE) 733,635,281 700,793,134 -4.48 789,782,476 12.70 557,183,375 -29.45 635,085,203 13.98 -3.5
CPE / Revenue (%) 53.6 56.2 - 59.5 - 50.3 - 53.6 - -

Programming (%)
  2012 2013 2014 2015 2016
Prog-Prod Expense/Expense Total 70.5 70.4 71.9 67.2 70.2
Prog-Prod Expense/Revenue Total 64.8 65.9 67.6 62.1 62.7

Staff
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration 606,616,773 599,752,653 -1.13 581,299,831 -3.08 523,221,744 -9.99 511,086,006 -2.32 -4.2
Total Staff Count 6,319.8 6,136.9 -2.89 5,842.7 -4.80 5,204.7 -10.92 4,986.4 -4.20 -
Avg Remuneration ($) 95,987 97,728 1.81 99,492 1.81 100,528 1.04 102,496 1.96 1.7
Remuneration/Expense Total (%) 48.2 51.4 - 46.5 - 51.1 - 48.3 - -

Profitability (%)
  2012 2013 2014 2015 2016
Operating Margin 8.1 6.5 5.9 7.6 10.7
Pre-tax Margin -0.8 1.3 -2.9 -4.1 -1.8

CAGR = Compound Annual Growth Rate

Var = Variation

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