Corus Entertainment Announces Fiscal 2013 Fourth Quarter and Year-End Results
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CORUS ENTERTAINMENT INC.
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BUSINESS SEGMENT INFORMATION
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(unaudited - in thousands of Canadian dollars)
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Three months ended August 31, 2013
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Television
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Radio
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Corporate
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Consolidated
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Revenues
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149,622
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44,012
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—
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193,634
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Direct cost of sales, general and administrative expenses
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93,153
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32,348
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13,688
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139,189
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Segment profit (loss)(1)
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56,469
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11,664
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(13,688)
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54,445
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Depreciation and amortization
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6,031
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Interest expense
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10,473
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Broadcast license and goodwill impairment
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5,734
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Business acquisition, integration and restructuring costs
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5,196
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Other expense (income), net
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8,391
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Income before income taxes
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18,620
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Three months ended August 31, 2012
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Television
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Radio
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Corporate
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Consolidated
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Revenues
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147,874
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47,750
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—
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195,624
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Direct cost of sales, general and administrative expenses
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93,384
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32,755
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8,623
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134,762
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Segment profit (loss)(1)
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54,490
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14,995
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(8,623)
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60,862
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Depreciation and amortization
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6,408
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Interest expense
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12,242
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Business acquisition, integration and restructuring costs
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1,841
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Other expense (income), net
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(785)
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Income before income taxes
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41,156
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Year ended August 31, 2013
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Television
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Radio
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Corporate
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Consolidated
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Revenues
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619,850
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183,691
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—
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803,541
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Direct cost of sales, general and administrative expenses
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371,071
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128,543
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33,915
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533,529
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Segment profit (loss) (1)
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248,779
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55,148
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(33,915)
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270,012
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Depreciation and amortization
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26,903
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Interest expense
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46,332
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Broadcast license and goodwill impairment
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5,734
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Debt refinancing
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25,033
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Business acquisition, integration and restructuring costs
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7,343
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Gain on sale of associated company
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(55,394)
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Other expense (income), net
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8,553
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Income before income taxes
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205,508
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Year ended August 31, 2012
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Television
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Radio
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Corporate
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Consolidated
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Revenues
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650,949
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191,327
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—
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842,276
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Direct cost of sales, general and administrative expenses
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388,811
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133,900
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29,586
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552,297
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Segment profit (loss) (1)
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262,138
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57,427
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(29,586)
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289,979
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Depreciation and amortization
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25,639
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Interest expense
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52,269
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Business acquisition, integration and restructuring costs
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4,166
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Other expense (income), net
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(5,487)
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Income before income taxes
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213,392
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(1)
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See definitions and discussion under Key Performance Indicators in MD&A.
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