Canadian Broadcasting Corporation - Financial Summary - Ontario

Conventional Television - Financial Summary 2012-2016

Table of Contents

Reporting Units
2012 2013 2014 2015 2016
5 5 5 5 5

Revenue ($)
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Local Time Sales 16,180,057 14,627,713 -9.59 17,137,403 17.16 13,207,812 -22.93 10,268,698 -22.25 -10.7
National Time Sales 190,257,120 154,670,384 -18.70 280,015,995 81.04 67,741,643 -75.81 117,072,738 72.82 -11.4
Syndication-Production 24,404,870 26,934,260 10.36 40,360,558 49.85 61,481,403 52.33 39,644,157 -35.52 12.9
Local Programming Improvement Fund 6,969,021 4,535,685 -34.92 2,240,950 -50.59 - - - - n/a
Parliamentary Appropriation 412,525,252 337,760,120 -18.12 296,215,964 -12.30 322,714,241 8.95 376,794,062 16.76 -2.2
Other Revenue 18,533,011 24,142,452 30.27 22,494,551 -6.83 18,730,306 -16.73 19,780,620 5.61 1.6
Total Revenue 668,869,331 562,670,614 -15.88 658,465,421 17.03 483,875,405 -26.51 563,560,275 16.47 -4.2

Expenses ($)
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 437,370,638 369,828,791 -15.44 451,861,764 22.18 299,782,348 -33.66 353,670,114 17.98 -5.2
Technical 41,511,353 40,079,755 -3.45 41,269,887 2.97 37,416,604 -9.34 39,821,242 6.43 -1.0
Sales and Promotion 69,443,397 58,407,225 -15.89 58,560,109 0.26 46,116,306 -21.25 55,361,559 20.05 -5.5
Administration and General 68,368,956 60,540,352 -11.45 67,075,077 10.79 61,380,146 -8.49 52,625,495 -14.26 -6.3
Total Expenses 616,694,344 528,856,123 -14.24 618,766,837 17.00 444,695,404 -28.13 501,478,410 12.77 -5.0
Operating Income (Loss) 52,174,987 33,814,491 - 39,698,584 - 39,180,001 - 62,081,865 - -
Depreciation 67,602,123 48,900,255 -27.66 48,831,010 -0.14 42,870,704 -12.21 43,543,963 1.57 -10.4
Surplus (deficit) -15,427,136 -15,085,764 - -9,132,426 - -3,690,703 - 18,537,902 - -
Interest Expense 9,301,831 8,451,523 -9.14 8,471,599 0.24 8,126,829 -4.07 8,170,998 0.54 -
Adjustments Gain (Loss) 19,824,454 30,774,424 - 1,691,110 - -7,276,683 - -20,370,744 - -
Pre-tax Profit -4,904,513 7,237,137 - -15,912,915 - -19,094,215 - -10,003,840 - -

Canadian Programming Expenses (CPE)
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Canadian Programming Expenses (CPE) 348,016,737 313,994,842 -9.78 400,992,289 27.71 229,649,014 -42.73 300,874,957 31.02 -3.6
CPE / Revenue (%) 52.0 55.8 - 60.9 - 47.5 - 53.4 - -

Programming (%)
  2012 2013 2014 2015 2016
Prog-Prod Expense/Expense Total 70.9 69.9 73.0 67.4 70.5
Prog-Prod Expense/Revenue Total 65.4 65.7 68.6 62.0 62.8

Staff
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration 239,770,124 231,361,176 -3.51 231,703,091 0.15 194,304,841 -16.14 194,038,504 -0.14 -5.2
Total Staff Count 2,391.1 2,278.5 -4.71 2,256.3 -0.97 1,874.0 -16.94 1,836.5 -2.00 -
Avg Remuneration ($) 100,275 101,543 1.26 102,692 1.13 103,683 0.97 105,656 1.90 1.3
Remuneration/Expense Total (%) 38.9 43.7 - 37.4 - 43.7 - 38.7 - -

Profitability (%)
  2012 2013 2014 2015 2016
Operating Margin 7.8 6.0 6.0 8.1 11.0
Pre-tax Margin -0.7 1.3 -2.4 -3.9 -1.8

CAGR = Compound Annual Growth Rate

Var = Variation

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