Corus Entertainment Announces Fiscal 2013 Third Quarter Results

CORUS ENTERTAINMENT INC.
BUSINESS SEGMENT INFORMATION
 
(unaudited - in thousands of Canadian dollars)
           
Three months ended May 31, 2013
    Radio Television Corporate Consolidated
Revenues 47,078  152,982  —   200,060 
Direct cost of sales, general        
  and administrative expenses 32,204  91,166  8,464  131,834 
Segment profit (loss)(1) 14,874  61,816  (8,464) 68,226 
Depreciation and amortization       6,926 
Interest expense       10,456 
Business acquisition, integration and restructuring costs       2,147
Gain on sale of associated company       (55,394)
Other expense, net       82 
Income before income taxes       104,009 
           
Three months ended May 31, 2012
    Radio Television Corporate Consolidated
Revenues 49,329  154,749  —   204,078 
Direct cost of sales, general        
  and administrative expenses 33,178  88,017  7,227  128,422 
Segment profit (loss)(1) 16,151  66,732  (7,227) 75,656 
Depreciation and amortization       6,339 
Interest expense       13,190 
Business acquisition, integration and restructuring costs       2,325 
Other income, net       (3,532)
Income before income taxes       57,334 
           
Nine months ended May 31, 2013        
    Radio Television Corporate Consolidated
Revenues 139,679  470,228  —   609,907 
Direct cost of sales, general        
  and administrative expenses 96,195  277,918  20,227  394,340 
Segment profit (loss)(1) 43,484  192,310  (20,227) 215,567 
Depreciation and amortization       20,872 
Interest expense       35,859 
Debt refinancing       25,033 
Business acquisition, integration and restructuring costs       2,147 
Gain on sale of associated company       (55,394)
Other expense, net       162 
Income before income taxes       186,888 
           
Nine months ended May 31, 2012        
    Radio Television Corporate Consolidated
Revenues 143,577  503,075  —   646,652 
Direct cost of sales, general        
  and administrative expenses 101,145  295,427  20,963  417,535 
Segment profit (loss) (1) 42,432  207,648  (20,963) 229,117 
Depreciation and amortization       19,231 
Interest expense       40,027 
Business acquisition, integration and restructuring costs       2,325 
Other income, net       (4,702)
Income before income taxes       172,236 
           
(1) See definitions and discussion under Key Performance Indicators in MD&A.
           

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