Canadian Broadcasting Corporation - Financial Summary - Quebec

Conventional Television - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 2014 2015 2016
7 7 7 7 7

Revenue ($)
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Local Time Sales 16,141,608 17,267,265 6.97 18,395,743 6.54 18,809,395 2.25 18,873,720 0.34 4.0
National Time Sales 120,861,297 120,603,575 -0.21 132,036,101 9.48 96,715,193 -26.75 97,803,275 1.13 -5.2
Syndication-Production 22,562,251 24,496,085 8.57 24,769,908 1.12 25,374,821 2.44 23,499,040 -7.39 1.0
Local Programming Improvement Fund 9,034,849 6,319,305 -30.06 3,271,624 -48.23 - - - - n/a
Parliamentary Appropriation 320,203,971 293,050,118 -8.48 286,477,560 -2.24 287,216,662 0.26 311,145,755 8.33 -0.7
Other Revenue 15,592,238 15,663,609 0.46 16,591,330 5.92 17,121,962 3.20 17,689,625 3.32 3.2
Total Revenue 504,396,214 477,399,957 -5.35 481,542,266 0.87 445,238,033 -7.54 469,011,415 5.34 -1.8

Expenses ($)
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 315,732,068 310,864,761 -1.54 313,375,471 0.81 276,201,810 -11.86 296,778,070 7.45 -1.5
Technical 52,958,611 51,052,192 -3.60 48,311,057 -5.37 46,160,346 -4.45 45,520,309 -1.39 -3.7
Sales and Promotion 38,770,842 37,296,374 -3.80 41,236,460 10.56 38,532,145 -6.56 41,384,842 7.40 1.6
Administration and General 54,679,110 45,940,992 -15.98 49,455,707 7.65 52,056,266 5.26 37,012,960 -28.90 -9.3
Total Expenses 462,140,631 445,154,319 -3.68 452,378,695 1.62 412,950,567 -8.72 420,696,181 1.88 -2.3
Operating Income (Loss) 42,255,583 32,245,638 - 29,163,571 - 32,287,466 - 48,315,234 - -
Depreciation 53,938,610 41,730,591 -22.63 39,149,580 -6.18 36,381,290 -7.07 34,482,193 -5.22 -10.6
Surplus (deficit) -11,683,027 -9,484,953 - -9,986,009 - -4,093,824 - 13,833,041 - -
Interest Expense 8,076,074 7,388,304 -8.52 7,045,528 -4.64 6,891,590 -2.18 6,475,101 -6.04 -
Adjustments Gain (Loss) 15,817,599 23,152,400 - 1,633,012 - -6,008,496 - -15,618,824 - -
Pre-tax Profit -3,941,502 6,279,143 - -15,398,525 - -16,993,910 - -8,260,884 - -

Canadian Programming Expenses (CPE)
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Canadian Programming Expenses (CPE) 265,162,954 260,145,266 -1.89 267,118,552 2.68 229,468,751 -14.09 252,219,044 9.91 -1.2
CPE / Revenue (%) 52.6 54.5 - 55.5 - 51.5 - 53.8 - -

Programming (%)
  2012 2013 2014 2015 2016
Prog-Prod Expense/Expense Total 68.3 69.8 69.3 66.9 70.5
Prog-Prod Expense/Revenue Total 62.6 65.1 65.1 62.0 63.3

Staff
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration 244,365,527 239,462,052 -2.01 235,023,713 -1.85 213,660,398 -9.09 212,408,105 -0.59 -3.4
Total Staff Count 2,667.3 2,552.2 -4.32 2,425.4 -4.97 2,159.5 -10.96 2,097.6 -2.87 -
Avg Remuneration ($) 91,614 93,827 2.42 96,901 3.28 98,939 2.10 101,264 2.35 2.5
Remuneration/Expense Total (%) 52.9 53.8 - 52.0 - 51.7 - 50.5 - -

Profitability (%)
  2012 2013 2014 2015 2016
Operating Margin 8.4 6.8 6.1 7.3 10.3
Pre-tax Margin -0.8 1.3 -3.2 -3.8 -1.8

CAGR = Compound Annual Growth Rate

Var = Variation

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