Postmedia Network Canada Corp
TSX:PNC.A
Income Statement
Earnings Waterfall
Postmedia Network Canada Corp
Income Statement
Postmedia Network Canada Corp
| Aug-2011 | Nov-2011 | Feb-2012 | May-2012 | Aug-2012 | Nov-2012 | Feb-2013 | May-2013 | Aug-2013 | Nov-2013 | Feb-2014 | May-2014 | Aug-2014 | Nov-2014 | Feb-2015 | May-2015 | Aug-2015 | Nov-2015 | Feb-2016 | May-2016 | Aug-2016 | Nov-2016 | Feb-2017 | May-2017 | Aug-2017 | Nov-2017 | Feb-2018 | May-2018 | Aug-2018 | Nov-2018 | Feb-2019 | May-2019 | Aug-2019 | Nov-2019 | Feb-2020 | May-2020 | Aug-2020 | Nov-2020 | Feb-2021 | May-2021 | Aug-2021 | Nov-2021 | Feb-2022 | May-2022 | Aug-2022 | Nov-2022 | Feb-2023 | May-2023 | Aug-2023 | Nov-2023 | Feb-2024 | May-2024 | Aug-2024 | Nov-2024 | Feb-2025 | May-2025 | Aug-2025 | Nov-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
72
|
70
|
66
|
64
|
65
|
65
|
66
|
64
|
62
|
61
|
61
|
62
|
62
|
61
|
64
|
65
|
69
|
73
|
74
|
75
|
73
|
62
|
51
|
41
|
33
|
32
|
31
|
30
|
28
|
27
|
27
|
28
|
28
|
29
|
29
|
30
|
31
|
31
|
31
|
31
|
30
|
30
|
31
|
31
|
31
|
32
|
32
|
33
|
34
|
34
|
35
|
36
|
37
|
39
|
41
|
42
|
42
|
43
|
|
| Revenue |
899
N/A
|
876
-3%
|
860
-2%
|
844
-2%
|
832
-1%
|
812
-2%
|
793
-2%
|
772
-3%
|
752
-3%
|
734
-2%
|
718
-2%
|
697
-3%
|
674
-3%
|
650
-4%
|
633
-3%
|
667
+5%
|
750
+13%
|
832
+11%
|
896
+8%
|
909
+1%
|
860
-5%
|
820
-5%
|
792
-3%
|
768
-3%
|
754
-2%
|
728
-3%
|
705
-3%
|
682
-3%
|
676
-1%
|
659
-3%
|
647
-2%
|
633
-2%
|
620
-2%
|
605
-2%
|
594
-2%
|
549
-8%
|
508
-7%
|
469
-8%
|
441
-6%
|
440
0%
|
442
+1%
|
443
+0%
|
440
-1%
|
449
+2%
|
458
+2%
|
464
+1%
|
474
+2%
|
464
-2%
|
448
-3%
|
429
-4%
|
414
-3%
|
404
-3%
|
396
-2%
|
402
+1%
|
415
+3%
|
423
+2%
|
431
+2%
|
433
+0%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(173)
|
0
|
(42)
|
(96)
|
(199)
|
(207)
|
(216)
|
(211)
|
(204)
|
(195)
|
(194)
|
(192)
|
(190)
|
(195)
|
(194)
|
(199)
|
(204)
|
(206)
|
|
| Gross Profit |
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
269
N/A
|
0
N/A
|
60
N/A
|
127
+112%
|
259
+104%
|
258
0%
|
258
+0%
|
253
-2%
|
245
-3%
|
234
-5%
|
220
-6%
|
212
-4%
|
206
-3%
|
207
+1%
|
221
+7%
|
225
+1%
|
228
+1%
|
227
0%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(782)
|
(772)
|
(770)
|
(764)
|
(757)
|
(744)
|
(724)
|
(708)
|
(695)
|
(686)
|
(676)
|
(670)
|
(671)
|
(644)
|
(635)
|
(653)
|
(711)
|
(785)
|
(841)
|
(861)
|
(830)
|
(812)
|
(788)
|
(762)
|
(737)
|
(708)
|
(670)
|
(653)
|
(649)
|
(634)
|
(637)
|
(626)
|
(602)
|
(585)
|
(572)
|
(512)
|
(467)
|
(429)
|
(396)
|
(408)
|
(253)
|
(432)
|
(397)
|
(361)
|
(266)
|
(272)
|
(272)
|
(265)
|
(256)
|
(245)
|
(233)
|
(227)
|
(210)
|
(210)
|
(209)
|
(208)
|
(218)
|
(217)
|
|
| Selling, General & Administrative |
(553)
|
(541)
|
(539)
|
(531)
|
(525)
|
(514)
|
(498)
|
(484)
|
(498)
|
(484)
|
(480)
|
(465)
|
(451)
|
(448)
|
(441)
|
(477)
|
(512)
|
(584)
|
(636)
|
(657)
|
(643)
|
(632)
|
(615)
|
(594)
|
(574)
|
(551)
|
(518)
|
(504)
|
(497)
|
(482)
|
(487)
|
(477)
|
(459)
|
(449)
|
(438)
|
(387)
|
(345)
|
(317)
|
(294)
|
(308)
|
(155)
|
(335)
|
(298)
|
(261)
|
(170)
|
(173)
|
(171)
|
(164)
|
(155)
|
(147)
|
(140)
|
(138)
|
(125)
|
(125)
|
(125)
|
(125)
|
(134)
|
(134)
|
|
| Depreciation & Amortization |
(72)
|
(71)
|
(71)
|
(70)
|
(70)
|
(70)
|
(70)
|
(71)
|
(73)
|
(79)
|
(83)
|
(90)
|
(106)
|
(104)
|
(102)
|
(91)
|
(72)
|
(62)
|
(54)
|
(50)
|
(44)
|
(43)
|
(41)
|
(39)
|
(38)
|
(36)
|
(36)
|
(37)
|
(38)
|
(39)
|
(37)
|
(34)
|
(31)
|
(29)
|
(29)
|
(28)
|
(26)
|
(24)
|
(22)
|
(21)
|
(21)
|
(20)
|
(21)
|
(20)
|
(20)
|
(20)
|
(22)
|
(22)
|
(22)
|
(23)
|
(21)
|
(20)
|
(19)
|
(17)
|
(16)
|
(16)
|
(15)
|
(18)
|
|
| Other Operating Expenses |
(157)
|
(160)
|
(160)
|
(163)
|
(163)
|
(160)
|
(156)
|
(153)
|
(123)
|
(123)
|
(114)
|
(115)
|
(113)
|
(93)
|
(92)
|
(85)
|
(127)
|
(140)
|
(152)
|
(155)
|
(143)
|
(137)
|
(132)
|
(128)
|
(126)
|
(121)
|
(115)
|
(112)
|
(114)
|
(113)
|
(113)
|
(114)
|
(111)
|
(108)
|
(106)
|
(97)
|
(96)
|
(89)
|
(81)
|
(79)
|
(77)
|
(77)
|
(79)
|
(79)
|
(76)
|
(78)
|
(79)
|
(79)
|
(79)
|
(75)
|
(72)
|
(70)
|
(66)
|
(68)
|
(67)
|
(67)
|
(68)
|
(65)
|
|
| Operating Income |
117
N/A
|
104
-11%
|
90
-14%
|
80
-11%
|
75
-6%
|
69
-8%
|
68
-1%
|
65
-6%
|
57
-12%
|
48
-16%
|
42
-13%
|
27
-35%
|
4
-86%
|
5
+42%
|
(2)
N/A
|
14
N/A
|
39
+191%
|
46
+18%
|
54
+17%
|
48
-12%
|
30
-37%
|
8
-73%
|
3
-59%
|
6
+76%
|
17
+182%
|
21
+22%
|
36
+71%
|
30
-17%
|
27
-8%
|
25
-10%
|
10
-59%
|
7
-30%
|
18
+159%
|
20
+10%
|
21
+7%
|
37
+72%
|
42
+15%
|
39
-6%
|
44
+12%
|
32
-27%
|
16
-50%
|
11
-30%
|
0
-98%
|
(8)
N/A
|
(7)
+8%
|
(14)
-95%
|
(14)
+6%
|
(12)
+12%
|
(12)
+3%
|
(11)
+2%
|
(13)
-17%
|
(15)
-16%
|
(4)
+76%
|
(2)
+33%
|
13
N/A
|
17
+34%
|
10
-41%
|
10
-1%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(76)
|
(73)
|
(66)
|
(61)
|
(63)
|
(62)
|
(69)
|
(70)
|
(76)
|
(71)
|
(70)
|
(68)
|
(67)
|
(81)
|
(108)
|
(110)
|
(149)
|
(144)
|
(125)
|
(113)
|
(75)
|
(65)
|
(44)
|
(49)
|
(28)
|
(23)
|
(26)
|
(25)
|
(32)
|
(34)
|
(32)
|
(33)
|
(32)
|
(29)
|
(32)
|
(37)
|
(28)
|
(26)
|
(9)
|
8
|
(13)
|
(18)
|
(34)
|
(45)
|
(43)
|
(48)
|
(49)
|
(50)
|
(42)
|
(36)
|
(35)
|
(36)
|
(35)
|
(49)
|
(62)
|
(44)
|
(48)
|
(45)
|
|
| Non-Reccuring Items |
(50)
|
(30)
|
(23)
|
(25)
|
(45)
|
(46)
|
(44)
|
(129)
|
(134)
|
(150)
|
(153)
|
(59)
|
(39)
|
(25)
|
(25)
|
(184)
|
(188)
|
(193)
|
(387)
|
(249)
|
(310)
|
(278)
|
(96)
|
(56)
|
15
|
(8)
|
5
|
(20)
|
(31)
|
(32)
|
(36)
|
(24)
|
(2)
|
(8)
|
(1)
|
(18)
|
(28)
|
27
|
19
|
36
|
31
|
(16)
|
(11)
|
(18)
|
(23)
|
(24)
|
(25)
|
(33)
|
(26)
|
(26)
|
(23)
|
(10)
|
(10)
|
(10)
|
(11)
|
(10)
|
(41)
|
(40)
|
|
| Gain/Loss on Disposition of Assets |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
(0)
|
(1)
|
0
|
(0)
|
2
|
4
|
4
|
4
|
5
|
3
|
15
|
15
|
11
|
11
|
(1)
|
(1)
|
1
|
1
|
1
|
1
|
1
|
1
|
(1)
|
(0)
|
(0)
|
1
|
4
|
3
|
8
|
8
|
6
|
5
|
(0)
|
(1)
|
2
|
2
|
3
|
3
|
|
| Total Other Income |
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
| Pre-Tax Income |
(12)
N/A
|
(2)
+80%
|
(3)
-17%
|
(10)
-246%
|
(37)
-285%
|
(45)
-20%
|
(50)
-10%
|
(141)
-184%
|
(160)
-14%
|
(179)
-12%
|
(188)
-5%
|
(106)
+44%
|
(108)
-2%
|
(106)
+1%
|
(139)
-31%
|
(285)
-105%
|
(302)
-6%
|
(296)
+2%
|
(463)
-56%
|
(320)
+31%
|
(361)
-13%
|
(341)
+6%
|
(142)
+58%
|
(105)
+26%
|
1
N/A
|
(11)
N/A
|
14
N/A
|
(15)
N/A
|
(34)
-132%
|
(41)
-21%
|
(46)
-11%
|
(38)
+17%
|
(7)
+81%
|
(9)
-23%
|
(16)
-79%
|
(22)
-39%
|
(16)
+25%
|
40
N/A
|
53
+34%
|
76
+42%
|
34
-55%
|
(24)
N/A
|
(46)
-97%
|
(72)
-55%
|
(75)
-4%
|
(86)
-15%
|
(85)
+2%
|
(93)
-10%
|
(73)
+22%
|
(67)
+7%
|
(67)
+1%
|
(58)
+13%
|
(50)
+14%
|
(64)
-28%
|
(59)
+6%
|
(36)
+40%
|
(77)
-117%
|
(73)
+5%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
26
|
39
|
39
|
39
|
13
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Income from Continuing Operations |
(12)
|
(2)
|
(3)
|
(10)
|
(37)
|
(45)
|
(50)
|
(141)
|
(160)
|
(179)
|
(188)
|
(106)
|
(108)
|
(106)
|
(139)
|
(259)
|
(263)
|
(257)
|
(424)
|
(307)
|
(361)
|
(341)
|
(142)
|
(105)
|
1
|
(11)
|
14
|
(15)
|
(34)
|
(41)
|
(46)
|
(38)
|
(7)
|
(9)
|
(16)
|
(22)
|
(16)
|
40
|
53
|
76
|
34
|
(24)
|
(46)
|
(72)
|
(75)
|
(86)
|
(85)
|
(93)
|
(73)
|
(67)
|
(67)
|
(58)
|
(50)
|
(64)
|
(59)
|
(36)
|
(77)
|
(73)
|
|
| Net Income (Common) |
(10)
N/A
|
13
N/A
|
14
+11%
|
5
-67%
|
(23)
N/A
|
(45)
-94%
|
(50)
-10%
|
(141)
-184%
|
(160)
-14%
|
(179)
-12%
|
(188)
-5%
|
(106)
+44%
|
(108)
-2%
|
(106)
+1%
|
(139)
-31%
|
(259)
-87%
|
(263)
-2%
|
(257)
+2%
|
(424)
-65%
|
(307)
+28%
|
(353)
-15%
|
(330)
+6%
|
(132)
+60%
|
(95)
+28%
|
45
N/A
|
33
-27%
|
58
+77%
|
29
-49%
|
(34)
N/A
|
(41)
-21%
|
(45)
-9%
|
(37)
+17%
|
(6)
+83%
|
(8)
-25%
|
(16)
-97%
|
(22)
-39%
|
(16)
+25%
|
40
N/A
|
53
+34%
|
76
+42%
|
34
-55%
|
(24)
N/A
|
(46)
-97%
|
(72)
-55%
|
(75)
-4%
|
(86)
-15%
|
(85)
+2%
|
(93)
-10%
|
(73)
+22%
|
(67)
+7%
|
(67)
+1%
|
(58)
+13%
|
(50)
+14%
|
(64)
-28%
|
(59)
+6%
|
(36)
+40%
|
(77)
-117%
|
(73)
+5%
|
|
| EPS (Diluted) |
-32
N/A
|
42.33
N/A
|
47
+11%
|
15.66
-67%
|
-77.33
N/A
|
-149.66
-94%
|
-165.33
-10%
|
-469.33
-184%
|
-534
-14%
|
-596
-12%
|
-627.66
-5%
|
-352
+44%
|
-358.33
-2%
|
-353.33
+1%
|
-463
-31%
|
-235.54
+49%
|
-292.66
-24%
|
-135.42
+54%
|
-223.26
-65%
|
-161.63
+28%
|
-185.52
-15%
|
-1.99
+99%
|
-1.4
+30%
|
-1.01
+28%
|
0.4
N/A
|
0.34
-15%
|
0.61
+79%
|
0.31
-49%
|
-0.36
N/A
|
-0.44
-22%
|
-0.49
-11%
|
-0.4
+18%
|
-0.08
+80%
|
-0.09
-12%
|
-0.17
-89%
|
-0.24
-41%
|
-0.17
+29%
|
0.39
N/A
|
0.54
+38%
|
0.78
+44%
|
0.34
-56%
|
-0.25
N/A
|
-0.5
-100%
|
-0.73
-46%
|
-0.78
-7%
|
-0.89
-14%
|
-0.86
+3%
|
-0.94
-9%
|
-0.73
+22%
|
-0.68
+7%
|
-0.67
+1%
|
-0.58
+13%
|
-0.5
+14%
|
-0.64
-28%
|
-0.6
+6%
|
-0.36
+40%
|
-0.78
-117%
|
-0.74
+5%
|
|