Canadian Broadcasting Corporation - Financial Summary - Prairies

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 4,744,001 4,388,155 -7.50 5,148,187 17.32 8,561,992 66.31 6,889,081 -19.54 9.8
National Time Sales 6,101,165 4,362,378 -28.50 5,471,669 25.43 2,085,178 -61.89 3,117,764 49.52 -15.5
Syndication-Production 132,775 150,963 13.70 167,372 10.87 140,780 -15.89 83,174 -40.92 -11.0
Local Programming Improvement Fund 10,732,729 7,781,879 -27.49 4,010,702 -48.46 - - - - n/a
Parliamentary Appropriation 51,002,218 62,606,796 22.75 57,607,355 -7.99 61,650,028 7.02 52,473,581 -14.88 0.7
Other Revenue 1,380,019 1,568,087 13.63 1,222,988 -22.01 1,678,421 37.24 1,444,078 -13.96 1.1
Total Revenue 74,092,907 80,858,258 9.13 73,628,273 -8.94 74,116,399 0.66 64,007,678 -13.64 -3.6

Expenses ($)
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 50,103,591 55,776,972 11.32 52,340,612 -6.16 47,306,063 -9.62 39,223,306 -17.09 -5.9
Technical 5,220,938 5,392,045 3.28 5,400,867 0.16 5,455,001 1.00 4,352,622 -20.21 -4.5
Sales and Promotion 4,683,499 4,985,657 6.45 3,976,862 -20.23 6,585,290 65.59 7,946,218 20.67 14.1
Administration and General 7,671,358 8,801,507 14.73 8,007,663 -9.02 9,561,174 19.40 5,790,136 -39.44 -6.8
Total Expenses 67,679,386 74,956,181 10.75 69,726,004 -6.98 68,907,528 -1.17 57,312,282 -16.83 -4.1
Operating Income (Loss) 6,413,521 5,902,077 - 3,902,269 - 5,208,871 - 6,695,396 - -
Depreciation 7,618,661 7,009,717 -7.99 5,674,076 -19.05 6,513,153 14.79 4,898,586 -24.79 -10.5
Surplus (deficit) -1,205,140 -1,107,640 - -1,771,807 - -1,304,282 - 1,796,810 - -
Interest Expense 1,702,589 1,850,924 8.71 1,545,365 -16.51 1,244,242 -19.49 917,793 -26.24 -
Adjustments Gain (Loss) 2,234,186 4,300,029 - 206,790 - -1,099,157 - -2,272,186 - -
Pre-tax Profit -673,543 1,341,465 - -3,110,382 - -3,647,681 - -1,393,169 - -

Canadian Programming Expenses (CPE)
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Canadian Programming Expenses (CPE) 45,722,461 50,845,136 11.20 48,532,023 -4.55 42,299,929 -12.84 35,298,578 -16.55 -6.3
CPE / Revenue (%) 61.7 62.9 - 65.9 - 57.1 - 55.1 - -

Programming (%)
  2012 2013 2014 2015 2016
Prog-Prod Expense/Expense Total 74.0 74.4 75.1 68.7 68.4
Prog-Prod Expense/Revenue Total 67.6 69.0 71.1 63.8 61.3

Staff
  2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration 47,863,014 52,510,340 9.71 47,205,735 -10.10 48,315,313 2.35 43,654,693 -9.65 -2.3
Total Staff Count 495.9 535.9 8.06 479.9 -10.45 494.3 2.99 443.6 -10.25 -
Avg Remuneration ($) 96,514 97,987 1.53 98,366 0.39 97,751 -0.63 98,410 0.67 0.5
Remuneration/Expense Total (%) 70.7 70.1 - 67.7 - 70.1 - 76.2 - -

Profitability (%)
  2012 2013 2014 2015 2016
Operating Margin 8.7 7.3 5.3 7.0 10.5
Pre-tax Margin -0.9 1.7 -4.2 -4.9 -2.2

CAGR = Compound Annual Growth Rate

Var = Variation

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