Canadians deserve to keep their jobs and earned money Looking at the numbers below it is obvious that many Canadians worked hard despite the headwinds and tough economic and regulatory environment to support Canadian jobs and communities. It would be shameful to allow avaricious, greedy corporations and or hedge funds to sabotage such sustained efforts for our common wealth by distorting facts and spreading fear, uncertainty and doubt.
Free cash flow generated by Corus since 2011 (amounts are in millions and reflect the fiscal year):
2011: 134.861
2012: 155.147
2013: 154.711
2014: 175.276
2015: 201.213
2016: 188.165
2017: 292.660
2018:349.007
2019: 309.970
2020: 296.247
2021:251.947
2022: 239.600
2023: 106.840
2024: 114.152
The annual revenue (in millions) generated by Corus since 2010:
2010: 767.53
2011: 825.21
2012: 842.28
2013: 751.54
2014: 833.02
2015: 815.32
2016: 1171.3
2017: 1679.01
2018: 1647.44
2019: 1687.5
2020: 1511.24
2021: 1543.48
2022: 1598.586
2023: 1511.240
2024: 1270.598
To stay on point and not play into short sellers' distraction attempts from the facts and cold harsh truth here is a full serving of facts in lieu of their lame dish of sour feelings :
Net debt in 2015 the year before the acquisition by Corus of Shaw Media was 763,580
In 2016 following the acquisition of Shaw Media it was 2,124,657
In 2017 it was 1,997,879
In 2018 it was 1,889,132
In 2019 it was 1,649,177
In 2020 it was 1,608,769
In 2021 it was 1,449,154
In 2022 it was 1,341,107
In 2023 it was 1,162,305
In 2024 it was 1,087,246
years represent fiscal years and the numbers in thousands CAD