Alliance Atlantis Announces Record First Quarter Operating Results.Business Editors TORONTO--(BUSINESS WIRE)--Aug. 27, 2001 Alliance Atlantis Alliance Atlantis Communications Inc. (formerly traded as TSX:AAC) is a Toronto-based media company, which now operates primarily as a specialty service operator in Canada. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AACB AACB Australasian Association of Clinical Biochemists AACB Alliance Atlantis Communications Inc. AACB Aeronautics and Astronautics Coordinating Board AACB Aeronautics & Astronautics Coordinating Board AACB Ann Arbor Concert Band (Ann Arbor, MI) )(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :AAC (Advanced Audio Coding) An audio compression technology that is part of the MPEG-2 and MPEG-4 standards. AAC, especially MPEG-4 AAC, provides greater compression and better sound quality than MP3, which also came out of the MPEG standard. .A.)(TSE:AAC.B.)
-- Revenue $172.8 million - up 64%
-- EBITDA (excluding Developing Channel operating losses) $29.5
million - up 59%
-- EBITDA (including Developing Channel operating losses) $26.9
million - up 51%
-- AAC productions receive 27 Prime Time Emmy(R) nominations
ALLIANCE ATLANTIS COMMUNICATIONS INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . today announced record first quarter operating results for its first quarter ended June June: see month. 30, 2001. "On behalf of our shareholders, I am pleased to note that this quarter's earnings growth was driven by outstanding performance and strong contribution from each of our three operating groups," said Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Michael MacMillan Michael I.M. MacMillan is the current executive Chairman of Alliance Atlantis. Winner of one Academy Award A graduate of Queen's University, it was announced on November 29, 2006, that he had been elected, as of January 1, 2007, as Chair of the Board of Governors of . "During the quarter we also achieved a number of key business initiatives which have positioned us for continued growth. These include signing carriage carriage, wheeled vehicle, in modern usage restricted to passenger vehicles that are drawn or pushed, especially by animals. Carriages date from the Bronze Age; early forms included the two-wheeled cart and four-wheeled wagon for transporting goods. agreements for seven of our new digital channels scheduled to launch this September September: see month. - Showcase A showcase, or vitrine, is a glassed-in cabinet or case for displaying delicate or valuable articles such as objects d'art or merchandise in a shop, museum, or house. Action, Showcase Diva, The Independent Film Channel Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of (subject to CRTC CRTC Canadian Radio-Television & Telecommunications Commission CRTC Combat Readiness Training Center CRTC Cathode Ray Tube Controller CRTC China Railway Telecommunications Center CRTC Cold Region Test Center CRTC Continuously Regenerated Trap Column approval), Discovery Health Channel Canada, National Geographic Channel
in full British Broadcasting Corp. Publicly financed broadcasting system in Britain. A private company at its founding in 1922, it was replaced by a public corporation under royal charter in 1927. Kids - and the landmark A structure that has significant historical, architectural, or cultural meaning and that has been given legal protection from alteration and destruction. Although landmark preservation laws vary by city and state, they have the same basic purpose: to keep landmarks as close U.S. second window sale of our hit series CSI CSI Crime Scene Investigator CSI CompuServe, Inc. CSI Commodity Systems, Inc. CSI Commodity Systems Inc. (Boca Raton, FL) CSI Crime Scene Investigation (CBS TV show) CSI Christian Schools International : Crime Scene Investigation Crime scene investigation may refer to:
TNN The Nashville Network (now The National Network) TNN The Nerd Network (online gaming clan) )." Revenue for the first quarter was $172.8 million compared to $105.6 million last year, representing an increase of 63.6%. The increase is attributable attributable emanating from or pertaining to attribute. attributable proportion see attributable risk (below). attributable risk to: strong, sustained growth in subscriber subscriber, n the person, usually the employee, who represents the family unit in relation to the prepayment plan. Other family members are dependents. Also called certificate holders or enrollees. and advertising revenue in the Broadcast Group; an outstanding release slate from our Motion Picture Group's domestic theatrical and video distribution operations which included titles such as Bridget Noun 1. Bridget - Irish abbess; a patron saint of Ireland (453-523) Brigid, Saint Bride, Saint Bridget, Saint Brigid, St. Bride, St. Bridget, St. Brigid, Bride Jones's Diary diary [Lat.,=day], a daily record of events and observations. As distinguished from memoir (an account of events placed in perspective by the author long after they have occurred), the diary derives its impact from its immediacy, requiring each generation of readers , Blow, Spy Kids and Traffic, as well as continued growth at Momentum Pictures in the U.K.; and increased production deliveries in our Television Group, including five hours of CSI: Crime Scene Investigation. Consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: gross profit for the quarter increased 44.8% to $52.4 million, up from $36.2 million a year ago. Consolidated earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. related to Developing Channels in our Broadcast Group were $29.5 million in the current quarter compared to $18.6 million - up 58.6%. Consolidated EBITDA after absorbing ab·sorb tr.v. ab·sorbed, ab·sorb·ing, ab·sorbs 1. To take (something) in through or as through pores or interstices. 2. To occupy the full attention, interest, or time of; engross. $2.6 million of these losses this quarter ($0.8 million in the prior year's period) was $26.9 million compared to $17.8 million last year, an increase of 51.1%. Net earnings for the first quarter were $6.1 million compared to $1.4 million. Diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of increased to $0.18 based on a weighted average 34.0 million shares outstanding. This compares favourably Adv. 1. favourably - showing approval; "he reviewed the play favorably" favorably favourably U.S. favorably adverb 1. to $0.04 based on a weighted average 31.6 million shares outstanding in the prior year's period. Broadcast Group Revenue for the Broadcast Group's Operating Channels - Showcase, Life Network, History Television, HGTV HGTV Home and Garden Television and Food Network Canada - increased 21.3% to $32.4 million compared to $26.7 million last year. We are also pleased with the progress of our French language Developing Channels - Series+ and Historia - which posted increases in subscriber and advertising revenue. Paid subscribers for all our specialty channel A specialty channel (or speciality channel) is a television channel which consists of programming focused on a single type or targeted at a specific demographic. interests increased 20.1% to 31.7 million compared to 26.4 million in the prior year. Gross profit for our Operating Channels increased to $18.0 million compared to $16.9 million last year. Gross profit as a percentage of revenue was 55.6% for our Operating Channels. Gross profit for our Developing Channels was $1.0 million this quarter compared to ($0.1) million in the prior year's period. Gross profit as a percentage of revenue for our Developing Channels was 45.5%. EBITDA for our Operating Channels increased to $13.9 million compared to $12.2 million last year. EBITDA for our Developing Channels was ($2.6) million versus ($0.8) million in the prior year's period. Digital Channels "Our focus on strong branding and exceptional content are the cornerstones of our success in specialty A contract under seal. A specialty is a written document that has been sealed and delivered and is given as security for the payment of a specifically indicated debt. broadcasting," said MacMillan Macmillan, river, c.200 mi (320 km) long, rising in two main forks in the Selwyn Mts., E Yukon Territory, Canada, and flowing generally W to the Pelly River. It was an important route to the gold fields from c.1890 to 1900. . "Our commitment to extend our branding strategy to our new digital channels has enabled us to secure carriage agreements with Shaw, Starchoice, Bell ExpressVu Bell ExpressVu is the division of Bell Canada Enterprises that provides satellite television service across Canada. It launched on September 10, 1997 and as of 2004 it has been providing "ExpressVu TV for Condos", a VDSL service provided to select multidwelling units (condominiums and, subsequent to the quarter end, Rogers. Together, these agreements will allow us to reach approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 85% of digital households with our new digital channels." Motion Picture Group Revenue for the Motion Picture Group was $70.4 million compared to $36.9 million in the first quarter last year, an increase of 90.8%. This growth was due to strong domestic theatrical releases including Bridget Jones's Diary, Blow, and Spy Kids as well as impressive video sales from Traffic, Little Nicky Nicky is a given name, and may refer to: In pop culture:
2. bounce - To play volleyball. The now-demolished D. C. and Dungeons Dungeons may refer to:
DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. libraries as well as a select slate of theatrical releases Momentum is now making a significant contribution to our operating earnings Operating Earnings Profits after subtracting expenses such as marketing, cost of goods sold, administration and general operating costs from revenue. Notes: Tax and interest expenses are not subtracted - operating earnings are synonymous with EBIT (earnings before ." Gross profit for the Motion Picture Group in the quarter was $15.3 million compared to $9.3 million last year, an increase of 64.5%. EBITDA for the Motion Picture Group increased to $10.9 million, compared to $6.0 million in the same period last year. Subsequent to the end of the quarter we released Rush Hour 2, Scary scar·y adj. scar·i·er, scar·i·est 1. Causing fright or alarm. 2. Easily scared; very timid. scar Movie 2 and The Others which have each performed well at the box office. Other theatrical releases for the current fiscal year include Lord of the Rings - Part 1, Gangs of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and The Shipping News. Additionally, we have a strong slate of video and DVD releases planned for both Canada and the U.K. for the second quarter and through the balance of the fiscal year. Television Group The Television Group's revenue in the first quarter was $62.0 million, compared to $38.2 million in the same quarter last year, representing an increase of 62.3%. This was primarily due to increased production deliveries. In the current year's quarter, 34.5 production hours were delivered compared with 19.5 hours in the prior year's period. CSI: Crime Scene Investigation In the quarter we announced the U.S. second window sale of CSI: Crime Scene Investigation to TNN - The National Network. The licence fee for these U.S. second window rights is in excess of US$1.6 million per episode, including all episodes completed up to September 2004 as well as all future episodes produced. Alliance Atlantis and CBS (Cell Broadcast Service) See cell broadcast. Productions - who share worldwide revenues on a 50/50 basis after certain third party profit participations - retain the right to sell an additional window for U.S. weekend syndication See syndication format. for the period September 2004 through September 2006. Additionally, Alliance Atlantis, through the company's international distribution network, has sold and will continue to sell all the first and subsequent window broadcast rights of CSI to broadcasters around the world. Emmy Emmy awarded annually for best achievements in television programing and performance. [TV: Misc.] See : Prize Nominations Subsequent to the quarter end the Television Group received a record 27 Emmy nominations, including 13 for Life With Judy Judy is most commonly a female given name, as well as a shorten form of Judith. It may also refer to:
Supported the Liberal government in the last Ontario Election. Biography Personal life Davis was born in Perth and had a Catholic upbringing. , four for CSI: Crime Scene Investigation, four for Nuremberg Nuremberg (n  r`əmbərg), Ger. Nürnberg (nürn`bĕrk'), city (1994 pop. starring Alec ALEC - A Language with an Extensible Compiler Baldwin Baldwin, cities, United StatesBaldwin. 1 Uninc. city (1990 pop. 22,719), Nassau co., SE N.Y., on the south shore of Long Island, on Baldwin Bay; settled 1640s. A fishing center and summer resort, it has varied manufactures. , three for Haven HAVEN. A place calculated for the reception of ships, and so situated, in regard to the surrounding land, that the vessel may ride at anchor in it in safety. Hale, de Port. Mar. c. 2; 2 Chit. Com. Law, 2; 15 East, R. 304, 5. Vide Creek; Port; Road. starring Natasha
Natasha is a Russian female given name, originally a pet name variant of Natalia. It is the same as the Latin variant "Natalie", meaning "birthday" in reference to the birth of Christ, and was traditionally given to girls born around Richardson Richardson, city (1990 pop. 74,840), Dallas and Collins counties, N Tex., a suburb of Dallas; founded in the 1850s, inc. as a city 1956. Richardson manufactures telecommunications equipment, medical devices, supercomputers, computer chips, and fiber optics. , two for When Billie Billie may refer to: People
Early life Hunter was born in Conyers, Georgia, the daughter of Opal Marguerite (née Catledge), a housewife, and Charles Edwin Hunter, a farmer and sporting-goods and one for The Awful Truth by Michael Moore  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. . "These
nominations reflect the success of our strategy to focus on higher
quality programming," said MacMillan. "We are gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. by the artistic recognition our productions are receiving internationally and, in particular, the U.S., which is the most significant television market in the world. We will continue with this strategy to produce higher quality, and more profitable, programming." Gross profit for the Television Group in the first quarter was $12.3 million compared to $6.7 million. Gross profit as a percentage of revenue improved to 19.8% compared to 17.5% last year, reflecting the delivery of higher margin productions. Other Our structured film financing joint venture with Sentinel Hill generated operating earnings of $5.8 million this quarter compared to $3.4 million last year. Successful Share Offering Subsequent to the quarter end, we successfully completed a public offering of 8.0 million Class B non-voting non-voting adj non-voting shares → azioni fpl senza diritto di voto shares resulting in net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of $131.5 million. "The offering was over-subscribed and attracted several new investors from the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe Europe (y r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). . As a
result, we were able to further diversify diversifyTo acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. our shareholder base. In our view, this will lead to improved liquidity in the stock and generate further interest on the part of investors" said MacMillan. (Note: The first quarter financial results for fiscal 2000 have been restated to reflect income now recorded in the second quarter. The six month, nine month and full year financial results for fiscal 2000 remain unchanged.) Alliance Atlantis Communications Inc. is a leading vertically integrated broadcaster, creator Creator may refer to:
The Company's principal business activities are conducted through three operating groups: Broadcast, Motion Picture and Television. Headquartered in Toronto Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing , Alliance Atlantis operates offices in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Edmonton Edmonton (ĕd`məntən), city (1991 pop. 616,741), provincial capital, central Alta., Canada, on the North Saskatchewan River. The center of the largest metropolitan area in Alberta, Edmonton, known as the "Gateway to the North," is located , Montreal Montreal (mŏn'trēôl`), Fr. Montréal (môNrāäl`), city (1991 pop. 1,017,666), S Que., Canada, on Montreal island, surrounded by St. Lawrence River and Rivière des Prairies. , Halifax Halifax, city, Canada Halifax, city (1991 pop. 114,455), provincial capital, S central N.S., Canada, on the Atlantic Ocean. It is the largest city in the Maritime Provinces and is one of Canada's principal ice-free Atlantic ports. , Shannon Shannon, principal river of the Republic of Ireland and longest (c.240 mi/390 km) in the British Isles. It rises near Cuilcagh Mt., NW Co. Cavan, and flows S through the Central Plain into Co. Limerick, where it turns west in a broad estuary (c. , London London, city, Canada London, city (1991 pop. 303,165), SE Ont., Canada, on the Thames River. The site was chosen in 1792 by Governor Simcoe to be the capital of Upper Canada, but York was made capital instead. London was settled in 1826. and Sydney Sydney, city, Australia Sydney, city (1991 pop. 3,097,956), capital of New South Wales, SE Australia, surrounding Port Jackson inlet on the Pacific Ocean. Sydney is Australia's largest city, chief port, and main cultural and industrial center. . The Company's common shares are listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. - trading symbols Trading symbol See: Ticker symbol AAC.A, AAC.B and on NASDAQ - trading symbol AACB. The Company's Web site is www.allianceatlantis.com This press release and attachments contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are market and general economic conditions and the risk factors detailed from time to time in the Company's periodic reports and registration statements filed with the Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. securities regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities and the U.S. Securities and Exchange Commission. Please refer to the attached Consolidated Financial Statements Consolidated Financial Statements The combined financial statements of a parent company and its subsidiaries. Notes: Because consolidated financial statements present an aggregated look at the financial position of a parent and its subsidiaries, they enable you to gauge , Notes and Supplemental Information. ALLIANCE ATLANTIS Q1 - 2002 Consolidated Financial Statements and Supplemental Information For the Three Months Ended June 30, 2001 and June 30, 2000 (unaudited) Alliance Atlantis Communications Inc. Management Report The accompanying ac·com·pa·ny v. ac·com·pa·nied, ac·com·pa·ny·ing, ac·com·pa·nies v.tr. 1. To be or go with as a companion. 2. unaudited consolidated financial statements and supplemental information of Alliance Atlantis Communications Inc. are the responsibility of Management and have been approved by the Board of Directors. The unaudited consolidated financial statements and supplemental information have been prepared by Management in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with generally accepted accounting principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting . The unaudited consolidated financial statements and supplemental information include some figures and assumptions based on Management's best estimates which have been derived de·rive v. de·rived, de·riv·ing, de·rives v.tr. 1. To obtain or receive from a source. 2. with careful judgement. In fulfilling its responsibilities, Management of the Company has developed and maintains a system of internal accounting controls. These controls ensure that the financial records are reliable for preparing the financial statements. The Board of Directors of the Company carries out its responsibility for the financial statements through its Audit Committee. The Audit Committee reviews the Company's unaudited consolidated financial statements and recommends their approval by the Board of Directors. August 27, 2001 W. JUDSON Jud·son , Edward Zane Carroll Pen name Ned Bunt·line 1823-1886. American writer who is remembered for his dime novels and his magazine Ned Buntline's Own. MARTIN Executive Vice President and Chief Financial Officer
Alliance Atlantis Communications Inc.
Consolidated Balance Sheets
(unaudited)
---------------------------------------------------------------------
(in millions of Canadian dollars)
---------------------------------
---------------------------------
June 30, March 31, June 30,
2001 2001 2000
---------------------------------
---------------------------------
Assets
Cash and cash equivalents 1.2 - 1.8
Accounts receivable 540.2 461.1 518.7
Loans receivable 35.0 35.0 27.3
Investment in film and
television programs
- Broadcast Group 73.9 72.2 52.1
- Motion Picture Group 380.4 335.9 232.3
- Television Group 598.2 422.0 335.4
Development costs 51.9 47.4 38.6
Property and equipment 72.2 64.8 56.2
Broadcast licences 74.5 74.5 75.9
Goodwill (note 9) 161.0 91.0 90.3
Investments 70.5 65.3 40.4
Future income taxes 45.8 42.8 27.6
Other assets 51.9 56.9 32.5
---------------------------------
2,156.7 1,768.9 1,529.1
---------------------------------
---------------------------------
Liabilities
Senior revolving credit
facility (note 3) 195.8 73.9 180.7
Accounts payable and accrued
liabilities 471.3 369.6 227.7
Income taxes payable 21.2 20.5 3.1
Deferred revenue 252.6 151.9 166.6
Term loans (note 4) 70.3 58.8 54.5
Senior subordinated notes (note 5) 456.0 474.0 303.4
Convertible debentures 8.8 8.8 8.8
Minority interest 13.4 12.8 9.7
---------------------------------
1,489.4 1,170.3 954.5
---------------------------------
Shareholders' Equity
Share capital (note 6) 583.5 525.3 523.3
Retained earnings 91.2 85.1 51.5
Cumulative translation adjustments (7.4) (11.8) (0.2)
---------------------------------
667.3 598.6 574.6
---------------------------------
2,156.7 1,768.9 1,529.1
---------------------------------
---------------------------------
The accompanying notes and supplemental information form an integral
part of these financial statements.
Alliance Atlantis Communications Inc.
Consolidated Statements of Earnings and Retained Earnings
For the three months ended June 30, 2001 and June 30, 2000
(unuadited)
-----------------------------------------------------------------------
(in millions of Canadian dollars-except per share amounts)
---------------------------------
---------------------------------
2001 2000
---------------------------------
---------------------------------
Revenue
Broadcast Group - Operating Channels 32.4 26.7
Motion Picture Group 70.4 36.9
Television Group 62.0 38.2
Other 5.8 3.2
---------------------------------
170.6 105.0
Broadcast Group - Developing Channels 2.2 0.6
---------------------------------
172.8 105.6
---------------------------------
Direct Operating Expenses 120.4 69.4
---------------------------------
Gross Profit
Broadcast Group - Operating Channels 18.0 16.9
Motion Picture Group 15.3 9.3
Television Group 12.3 6.7
Other 5.8 3.4
---------------------------------
51.4 36.3
Broadcast Group - Developing Channels 1.0 (0.1)
---------------------------------
52.4 36.2
---------------------------------
Operating Expenses 25.5 18.4
---------------------------------
Earnings before Undernoted (EBITDA)
Broadcast Group - Operating Channels 13.9 12.2
Motion Picture Group 10.9 6.0
Television Group 6.1 2.9
Other (1.4) (2.5)
---------------------------------
29.5 18.6
Broadcast Group - Developing Channels (2.6) (0.8)
---------------------------------
26.9 17.8
Amortization 6.5 4.9
Interest, including amortization of interest
previously capitalized (note 7) 19.9 11.3
Minority interest 0.4 0.1
Investment gains 6.4 -
Equity interest in affiliate (1.4) -
---------------------------------
Earnings Before Income Taxes 5.1 1.5
Provision for (recovery of) income taxes (1.0) 0.1
---------------------------------
Net Earnings for the Period 6.1 1.4
Retained Earnings - Beginning of Period 85.1 50.1
---------------------------------
Retained Earnings - End of Period 91.2 51.5
---------------------------------
---------------------------------
Earnings Per Common Share (note 8)
Basic 0.18 0.04
Diluted 0.18 0.04
---------------------------------
---------------------------------
Weighted Average Common Shares Outstanding
(in millions)
Basic 33.9 31.5
Diluted 34.0 31.6
---------------------------------
---------------------------------
The accompanying notes and supplemental information form an integral
part of these financial statements.
Alliance Atlantis Communications Inc.
Consolidated Statements of Cash Flows
For the three months ended June 30, 2001 and June 30, 2000
(unaudited)
-----------------------------------------------------------------------
(in millions of Canadian dollars - except per share amounts)
---------------------------------
---------------------------------
2001 2000
---------------------------------
---------------------------------
Cash and Cash Equivalents Provided By (used in)
Operating Activities
Net earnings for the period 6.1 1.4
Amortization of film and television programs
- Broadcast Group 13.5 11.5
- Motion Picture Group 52.5 26.6
- Television Group 48.2 31.4
Amortization of development costs 2.2 1.1
Amortization of property and equipment 3.7 2.7
Amortization of broadcast licences - 0.5
Amortization of goodwill and other assets 1.8 1.6
Investment gains (6.4) -
Equity interest in affiliate 1.4 -
Minority interest 0.4 0.1
Future income taxes (3.0) -
Net changes in other non-cash balances
related to operations 4.8 (32.6)
---------------------------------
125.2 44.3
---------------------------------
Investing Activities
Loans receivable - (0.1)
Film and television programs
- Broadcast Group (15.2) (19.1)
- Motion Picture Group (77.7) (29.6)
- Television Group (108.8) (38.4)
Development costs (4.8) (8.7)
Property and equipment (8.1) (4.8)
Business acquisitions (Note 9) (22.8) (8.5)
Minority interest in acquired businesses - 0.1
Long term investments (0.4) -
---------------------------------
(237.8) (109.1)
---------------------------------
Financing Activities
Senior revolving credit facility 121.9 (7.8)
Term loans (8.9) (7.9)
Issue of senior subordinated notes - 80.8
Issue of share capital 0.8 0.5
---------------------------------
113.8 65.6
---------------------------------
Change in Cash and Cash Equivalents 1.2 0.8
Cash and Cash Equivalents - Beginning of Period - 1.0
---------------------------------
Cash and Cash Equivalents- End of Period 1.2 1.8
---------------------------------
---------------------------------
The accompanying notes and supplemental information form an integral
part of these financial statements.
Alliance Atlantis Communications Inc.
Notes to Consolidated Financial Statements
June 30, 2001
(unuadited)
(in millions of Canadian dollars - except per share amounts)
Alliance Atlantis Communications Inc. (the "Company") is a leading vertically integrated Canadian broadcaster, creator and international distributor of filmed entertainment content, with significant ownership, either wholly or in part, of eighteen complementary specialty television channels. The Company's principal business activities are carried out through three operating groups: Broadcast, Motion Picture and Television. 1. Significant accounting policies The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the requirements of Canadian Institute of Chartered Accountants The Canadian Institute of Chartered Accountants (CICA) is the umbrella body for the Chartered Accountant profession in Canada and Bermuda. Membership of the CICA totals 70,000 Chartered Accountants and 8,500 students. (CICA CICA Competition In Contracting Act of 1984 (USA) CICA Canadian Institute of Chartered Accountants CICA Competition In Contracting Act CICA Criminal Injuries Compensation Authority (UK) ) Handbook
This article is about reference works. For the subnotebook computer, see .
v. con·densed, con·dens·ing, con·dens·es v.tr. 1. To reduce the volume or compass of. 2. To make more concise; abridge or shorten. 3. Physics a. . These unaudited interim consolidated financial statements should be read in conjunction conjunction, in astronomy conjunction, in astronomy, alignment of two celestial bodies as seen from the earth. Conjunction of the moon and the planets is often determined by reference to the sun. with the consolidated financial statements as of and for the year ended March 31, 2001, as set out in the 2001 Annual Report. In the opinion of management, the statements include all adjustments (consisting of normal recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. accruals Accruals Accounts on a balance sheet that represent liabilities and non-cash-based assets used in accrual-based accounting. These accounts include, among many others, accounts payable, accounts receivable, goodwill, future tax liability and future interest expense. ) considered necessary by management to present a fair statement of the results of operations, financial position and cash flows. Except for the determination of earnings per share and the treatment of goodwill and other intangible assets Intangible Asset An asset that is not physical in nature. Notes: Examples are things like copyrights, patents, intellectual property, and goodwill. These are the opposite of tangible assets. (as discussed in the following paragraphs), the consolidated financial statements were prepared using the same accounting policies and methods as those used in the Company's financial statements for the year ended March 31, 2001. Effective April 1, 2001, the Company adopted the new CICA Handbook Section 3062, "Goodwill and Other Intangible Assets." As a result of adopting this Section, the Company no longer amortizes goodwill and indefinite INDEFINITE. That which is undefined; uncertain. INDEFINITE, NUMBER. A number which may be increased or diminished at pleasure. 2. When a corporation is composed of an indefinite number of persons, any number of them consisting of a majority of those life intangible assets. (See note 12). Effective April 1, 2001, the Company adopted the revised CICA Handbook Section 3500, "Earnings per Share." As a result of adopting this Section, the Company now uses the treasury stock method to calculate diluted earnings per share. Diluted earnings per share are computed similar to basic earnings per share except that the weighted average number of shares outstanding is increased to include additional shares from the assumed exercise of stock options, if dilutive. The number of additional shares is calculated by assuming that outstanding stock options were exercised and that the proceeds from such exercises were used to acquire shares of common stock at the average market price during the reporting period. (See note 12).
2. Investment in film and television programs
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Broadcast Motion Picture Television
Group Group Group
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June 2001
Produced - 34.4 235.8
Acquired - 272.9 82.8
Libraries - - 48.9
Programs in progress - 73.1 230.7
Broadcast rights 73.9 - -
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73.9 380.4 598.2
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Broadcast Motion Picture Television
Group Group Group
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March 2001
Produced - 34.7 229.1
Acquired - 256.6 77.6
Libraries - - 38.6
Programs in progress - 44.6 76.7
Broadcast rights 72.2 - -
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72.2 335.9 422.0
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Broadcast Motion Picture Television
Group Group Group
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June 2000
Produced - 37.6 146.9
Acquired - 187.9 72.4
Libraries - - 43.6
Programs in progress - 6.8 72.5
Broadcast rights 52.1 - -
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52.1 232.3 335.4
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3. Senior revolving credit facility
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June 30, March 31, June 30,
2001 2001 2000
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Senior revolving credit
facility - authorized 525.0 525.0 433.2
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- drawn 195.8 73.9 180.7
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The senior revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. facility provides up to $500.0 in borrowings bearing interest at rates ranging from, for example, the prime rate to the prime rate plus 1.75%. The facility is due in full in January January: see month. 2006. In addition, a revolving swing line facility, due on demand, provides up to $25.0 in borrowings bearing interest at rates ranging from, for example, the prime rate to the prime rate plus 1.75%. Substantially all of the assets of the Company and certain of its subsidiaries have been pledged pledge n. 1. A solemn binding promise to do, give, or refrain from doing something: signed a pledge never to reveal the secret; a pledge of money to a charity. 2. a. as security for borrowing under the senior revolving credit facility.
4. Term loans
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June 30, March 31, June 30,
2001 2001 2000
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Limited-recourse term loans,
bearing interest at rates
between the commercial prime
rate plus 0.5% to plus 1.5% 24.7 28.8 25.1
Mortgages payable, collateralized
by certain property, bearing
interest at 9.99% and the commercial
prime rates plus 3%, and repayable
over terms extending to
October 15, 2005 3.6 2.7 2.9
Industry and other term loans which
are unsecured and have no fixed
terms of repayment, bearing interest
at various rates 35.0 20.1 22.7
Obligations under capital lease 7.0 7.2 3.8
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70.3 58.8 54.5
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Repayment of the term loans is expected as follows:
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2002 26.9
2003 22.1
2004 9.1
2005 3.9
2006 0.1
Due subsequent 8.2
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70.3
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5. Senior subordinated Subordinated A claim ranked lower in priority than other claims. Common stock claims are always subordinated to debt. notes On November November: see month. 15, 1999, June 13, 2000 and January 25, 2001, the Company issued US$150.0, US$55.0 and US$95.0 senior subordinated notes respectively, bearing interest at 13% per year and maturing on December December: see month. 15, 2009. Interest is payable semi-annually on June 15 and December 15. The notes are redeemable Redeemable Eligible for redemption under the terms of an indenture. at the option of the Company, in whole or in part, at any time on or after December 15, 2004 at specified spec·i·fy tr.v. spec·i·fied, spec·i·fy·ing, spec·i·fies 1. To state explicitly or in detail: specified the amount needed. 2. To include in a specification. 3. redemption The liberation of an estate in real property from a mortgage. Redemption is the process by which land that has been mortgaged or pledged is bought back or reclaimed. It is accomplished through a payment of the debt owed or a fulfillment of the other conditions. rates ranging from 106.5% of the principal amount at December 15, 2004 to 100% of the principal amount after December 15, 2007, plus accrued ac·crue v. ac·crued, ac·cru·ing, ac·crues v.intr. 1. To come to one as a gain, addition, or increment: interest accruing in my savings account. 2. and unpaid interest. In addition, up to 35% of the notes are subject to redemption, at the Company's option at a redemption price Redemption price See: Call price redemption price 1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share. 2. of 113% of the principal amount of the notes plus accrued interest Accrued Interest The interest that has accumulated on a bond since the last interest payment up to but not including the settlement date. There are two methods for calculating accrued interest: 1) 360-day year method, used for corporate and municipal bonds. , prior to December 15, 2002, in the event that the Company issues its own common shares. The notes are subordinated to all indebtedness INDEBTEDNESS. The state, of being in debt, without regard to the ability or inability of the party to pay the same. See 1 Story, Eq. 343; 2 Hill. Ab. 421. 2. of the Company and all debt and liabilities of the Company's subsidiaries, including trade payables Payables Related: Accounts payable . 6. Share capital As at June 30, 2001, the issued capital stock is as follows:
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June 30, March 31, June 30,
2001 2001 2000
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Class A Voting Shares - 3,806,452
(2000 - 4,838,302) 53.1 53.2 67.6
Class B Non-Voting Shares - 30,647,821
(2000 - 25,570,446) 528.8 470.5 424.6
Class C Special-Voting Shares - 2,965
(2000 -60,264) 1.6 1.6 31.1
Class D Special Non-Voting Share - nil
(2000 - 1) - - -
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583.5 525.3 523.3
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The Class A Voting Shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. and the Class B Non-Voting Shares have identical attributes except that the Class B Non-Voting Shares are non-voting and each of the Class A Voting Shares are convertible at any time at the holder's option into one fully paid and non-assessable, Class B Non-Voting Share. The Class B Non-Voting Shares may be converted into Class A Voting Shares only in certain circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or . Each of the Class C Special Voting Shares are convertible at any time, at the holder's option, and automatically on September 21, 2001, into 20 fully paid and non-assessable Class B Non-Voting Shares. In April 2001, the Company issued 2,684,622 Class B Non-Voting Shares in connection with the acquisition of Salter salt·er n. 1. One that manufactures or sells salt. 2. One that treats meat, fish, or other foods with salt. Noun 1. Street Films Limited. During the period July July: see month. 1, 2000 to June 30, 2001, 1,038,350 Class A Voting Shares and 57,299 Class C Special-Voting Shares were converted into 2,184,326 Class B Non-Voting Shares. In addition, 6,500 Class A Voting Shares and 208,427 Class B Non-Voting Shares were issued under the Company's stock option plans, employee share purchase plan and Director's and Officer's alternate alternate /al·ter·nate/ (awl´ter-nit) 1. following in turns. 2. pertaining to every other one in a series. 3. occurring in place of another; acting as a substitute. compensation plan for cash of $2.9.
7. Interest
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June 30, June 30,
2001 2000
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Senior revolving credit facility 4.4 4.0
Limited-recourse term loans 1.5 0.8
Senior subordinated debt 14.8 7.7
Convertible debentures 0.1 0.1
Interest income (0.3) (0.5)
Interest capitalized during the period (5.5) (3.3)
Amortization of interest previously capitalized 3.7 1.5
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18.7 10.3
Amortization of deferred financing costs 1.2 1.0
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19.9 11.3
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The weighted average interest rate for the period ended June 30, 2001
was 12.2% (2000 - 10.1%).
8. Earnings per share
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--------------
2000 1999
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Numerator for basic earnings per share:
Net earnings for the period 6.1 1.4
Denominator used for basic earnings per share: 33.9 31.5
Basic earnings per share 0.18 0.04
Numerator for diluted earnings per share:
Earnings used in computing basic earnings per share 6.1 1.4
Imputed interest on convertible debentures - -
--------------
Earnings used in computing diluted earnings per share 6.1 1.4
Denominator for diluted earnings per share:
Weighted average number of shares 33.9 31.5
Convertible debentures - -
Stock options 0.1 0.1
--------------
Shares used in computing diluted earnings per share 34.0 31.6
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--------------
Diluted earnings per share 0.18 0.04
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--------------
9. Business Acquisitions (a) During the three months ended June 30, 2001, the following acquisition occurred: In April 2001, the Company purchased 100% of the issued and outstanding shares of Salter Street Films Limited (Salter Street), a Nova Scotia Nova Scotia (nō`və skō`shə) [Lat.,=new Scotland], province (2001 pop. 908,007), 21,425 sq mi (55,491 sq km), E Canada. Geography based entertainment company that develops, produces and distributes original film and television programming as well as Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the products and services. Total consideration of $88.3 was in the form of 3,040,336 Class B Non-Voting Shares, which includes 355,714 of unexercised Salter Street Films options, and $22.8 in cash, net of $3.1 in cash expenses and $4.8 in cash acquired. The acquisition has been accounted for under the purchase method and the results of operations have been included in the consolidated statement of earnings from the date of acquisition. The Salter Street transaction resulted in goodwill of $70.0.
The purchase consideration was allocated as follows:
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Salter Street
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Identifiable assets acquired
Cash 4.8
Accounts receivable 33.2
Investment in film and television programs 9.1
Development costs 1.9
Property and equipment 3.0
Goodwill and other assets 73.8
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125.8
Liabilities assumed 40.6
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Net assets acquired 85.2
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--------------
The Company continues to refine the calculation of the purchase costs relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the integration and reorganization The process of carrying out, through agreements and legal proceedings, a business plan for winding up the affairs of, or foreclosing a mortgage upon, the property of a corporation that has become insolvent. of Salter Street. The acquired broadcast licences have been included in goodwill until regulatory reg·u·late tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates 1. To control or direct according to rule, principle, or law. 2. approval has been obtained. (b) During the three months ended June 30, 2000, the following acquisitions occurred: In June 2000, the Company purchased 100% of the outstanding shares of Tattersall tat·ter·sall also Tat·ter·sall n. 1. A pattern of dark lines forming squares on a light background. 2. Cloth woven or printed with this pattern. adj. Sound Inc. (Tattersall) in exchange for 100,000 Class B Non-Voting Shares valued at approximately $1.6. The acquisition has been accounted for under the purchase method and the results of operations of the acquired company have been included in the consolidated statement of earnings from the date of acquisition. The Tattersall transaction resulted in goodwill of $1.4. In June 2000, the Company purchased the remaining 61% of the outstanding shares of Great North Communications Ltd. (Great North), an Alberta Alberta (ălbûr`tə), province (2001 pop. 2,974,807), 255,285 sq mi (661,188 sq km), including 6,485 sq mi (16,796 sq km) of water surface, W Canada. based producer and distributor of factual programming, in exchange for cash of $6.1. The acquisition has been accounted for as a step acquisition and the results of operations of the acquired company have been included in the consolidated statement of earnings from the date of acquisition of the remaining interest. The Great North transaction resulted in goodwill of $9.4.
The purchase consideration was allocated as follows:
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-----------------------
Tattersall Great North
-----------------------
Identifiable assets acquired
Cash 0.2 0.2
Accounts receivable 0.2 13.6
Investment in film and television programs - 10.6
Development costs - 0.3
Property and equipment 0.2 0.2
Goodwill and other assets 1.4 9.6
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2.0 34.5
Liabilities assumed 0.4 28.4
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Net assets acquired 1.6 6.1
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10. Segmented information
Information on reportable operating group assets and operating
group capital expenditures is as follows:
Motion
Broadcast Picture Television
Group Group Group Other Total
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Three months ended
June 30:
2001
Total assets 190.5 577.5 1,065.7 323.0 2,156.7
Capital expenditures 4.6 0.5 1.0 2.0 8.1
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--------------------------------------------------
2000
Total assets 159.1 348.0 792.1 229.9 1,529.1
Capital expenditures 3.3 0.1 0.2 1.2 4.8
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--------------------------------------------------
Geographic revenue information is as follows:
2001 2000
---------------
Canadian 104.7 77.6
U.S. 37.5 19.6
Other Foreign 30.6 8.4
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172.8 105.6
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11. Subsequent Events In August 2001, 8,000,000 Class B Non-Voting shares were issued pursuant to a public offering for net proceeds of $131.5. 12. New Accounting Standards The Company is currently assessing the effects of adopting the SOP 00-2 Accounting by Producers or Distributors of Films and will adopt SOP 00-2 as soon as practical in the current fiscal year. At the time of the adoption, the Company will restate re·state tr.v. re·stat·ed, re·stat·ing, re·states To state again or in a new form. See Synonyms at repeat. re·state its first quarter financial results effective April 1, 2001 with retroactive Having reference to things that happened in the past, prior to the occurrence of the act in question. A retroactive or retrospective law is one that takes away or impairs vested rights acquired under existing laws, creates new obligations, imposes new duties, or attaches a application, but without restatement Restatement A revision in a company's earlier financial statements. Notes: The need for restating financial figures can result from fraud, misrepresentation, or a simple clerical error. of the prior year. The Company has not yet determined the impact the adoption of SOP 00-2 will have on its financial statements, but expects the effect to be material. On April 1, 2001, the Company changed its accounting policy with respect to goodwill and broadcast licenses. Previously, the Company amortized goodwill on a straight-line straight-line adj. 1. Lying in a straight line. 2. Relating to a device whose linkage produces or copies motion in straight lines. 3. basis over periods of up to 40 years and broadcast licenses on a straight-line basis over a period of 40 years. The Company has adopted the new standard issued by the CICA, "Goodwill and Other Intangible Assets." Based on the new standard, goodwill and broadcast licenses are no longer amortized and are tested for impairment Impairment 1. A reduction in a company's stated capital. 2. The total capital that is less than the par value of the company's capital stock. Notes: 1. This is usually reduced because of poorly estimated losses or gains. 2. on an annual basis to determine if an impairment loss should be recognized. As a result of the change in accounting policy with respect to goodwill, earnings for the period ended June 30, 2000 would have been increased by $0.3, net of income taxes, goodwill would have increased by $0.6 and basic and diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. earnings per common share would have increased by $0.01. With respect to broadcast licenses, earnings for the period ended June 30, 2000 would have increased by $0.3, net of income taxes, broadcast licenses would have increased $0.5 and basic and diluted earnings per share would have increased by $0.01. As a result of the adoption of the new standard, net earnings for the period ended June 30, 2000 would have been $2.0 and basic and diluted earnings per common share would have been $0.06. Effective April 1, 2001, the Company adopted the revised CICA Handbook Section 3500, "Earnings per Share." As a result of adopting this Section, the Company now uses the treasury stock method to calculate diluted earnings per share. The adoption of this section has been applied retroactively ret·ro·ac·tive adj. Influencing or applying to a period prior to enactment: a retroactive pay increase. [French rétroactif, from Latin , however, had no impact on the diluted earnings per share for the period ended June 30, 2000. 13. Seasonality Our financial position and results of operations for any period are significantly dependent on the number, timing and commercial success of television programs and motion pictures delivered or made available to various media, none of which can be predicted with certainty CERTAINTY, UNCERTAINTY, contracts. In matters of obligation, a thing is certain, when its essence, quality, and quantity, are described, distinctly set forth, Dig. 12, 1, 6. It is uncertain, when the description is not that of one individual object, but designates only the kind. Louis. . Consequently, our financial position and results of operations may fluctuate materially from period to period and the results of any one period are not necessarily indicative indicative: see mood. of results for future periods. Cash flows may also fluctuate and are not necessarily closely correlated cor·re·late v. cor·re·lat·ed, cor·re·lat·ing, cor·re·lates v.tr. 1. To put or bring into causal, complementary, parallel, or reciprocal relation. 2. with revenue recognition. A large percentage of a television program's revenue is recognized when the programming is delivered pursuant to a non-cancellable agreement, provided the license period has commenced. Minimum guaranteed revenue from motion picture license agreements are typically recognized when the license period begins and the motion picture is delivered. Revenue from subsequent licensing of delivered programming, including rerun re·run n. The act or an instance of rebroadcasting a recorded movie or a recorded television performance. tr.v. re·ran , re·run, re·run·ning, re·runs To present a rerun of. strip syndication (i.e., sales of previously-aired episodes licensed for broadcast in a five-day-a-week format) are recognized on the commencement of the license agreement and delivery of the television program or motion picture. Although industry practices are changing, due, in part, to increased competition from new channels, broadcasters make the most of their annual programming commitments between February February: see month. and June so that new television programs are ready for telecast at the start of the broadcast season in September or as mid-season replacements in January. Because of this annual production cycle, our television revenue is not earned on an even basis throughout the year. In particular, television revenue is generally lowest in the second calendar quarter, as fewer programs are completed and delivered during this period and highest in the first, third and, particularly the fourth calendar quarter. Also, our debt generally increases substantially between our fiscal year end on March 31st and the end of our first quarter on June 30th as we finance productions to be delivered later in the year. In addition, the delivery schedules of motion pictures are difficult to predict and not consistent from year to year. Consequently, our motion picture revenue fluctuates from period to period. 14. Comparative amounts Net earnings of $3.1 million for the quarter ended June 30, 2000 have been reduced by $1.7 million, and net earnings of $7.9 million for the quarter ended September 30, 2000 have been increased by the same amount. Certain amounts presented in the prior period have been reclassified to conform to Verb 1. conform to - satisfy a condition or restriction; "Does this paper meet the requirements for the degree?" fit, meet coordinate - be co-ordinated; "These activities coordinate well" the presentation adopted in the current year.
Alliance Atlantis Communications Inc.
Supplemental Information
June 30, 2001
(unaudited)
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Supplemental Information
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Library Revenue Three months ended
June 30,
------------------
2001 2000
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Motion Picture Group 43.0 24.9
Television Group 5.8 4.6
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48.8 29.5
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Production Deliveries Three months ended
June 30,
------------------
2001 2000
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Motion Pictures: - 1.0
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Television hours:
Series 22.0 10.0
Movies 2.0 -
AAC Kids - 8.5
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24.0 18.5
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AAC Fact 9.5 1.0
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AAC Comedy 1.0 -
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Broadcast Group Revenue Three months ended
June 30,
------------------
2001 2000
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Subscriber 19.5 16.2
Advertising 15.1 11.1
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34.6 27.3
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Broadcast Group Subscribers
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June 30, March 31, December 31, September 30,
(millions) 2001 2001 2000 2000
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Showcase (100%) 5.7 5.6 5.3 5.2
Life Network (100%) 5.7 5.6 5.3 5.5
HGTV Canada (67%) 4.6 4.5 4.3 4.1
History Television (88%) 4.9 4.8 4.6 4.5
Series+ (50%) 0.6 0.6 0.6 0.5
Historia (50%) 0.6 0.6 0.6 0.5
Headline Sports (33%)i 5.0 4.9 4.7 3.6
The Food Network (51%) 3.7 3.7 3.4 3.1
The Health Network ii 0.9 0.7 0.6 0.5
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31.7 31.0 29.4 27.5
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i In April 2001, the Company's interest in Headline Media Group
Inc. was reduced from 39% to 33% due to a public offering of common
shares by Headline Media Group Inc.
ii The Company is the exclusive agent, in Canada, for this U.S.
based network. Additionally, the Company has been awarded a Category 1
licence for the Discovery Health Channel (in partnership with
Discovery Networks International). This service is scheduled to be
launched in the fall of 2001.
Television Group - Deliveries (hours)
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Production Name Q1 Q2 Q3 Q4 Total
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Television
Series
Earth: Final Conflict IV 1.0 - - - 1.0
Outer Limits VI 10.0 6.0 - - 16.0
CSI- Crime Scene Investigation 5.0 - - - 5.0
The Associates II - 2.0 10.0 6.0 18.0
Beastmaster III - 5.0 6.0 11.0 22.0
Blue Murder II - 3.0 9.0 1.0 13.0
Cold Squad V - 3.0 10.0 - 13.0
CSI - Crime Scene Investigation II - 2.0 9.0 9.0 20.0
DaVinci's Inquest IV - 4.0 8.0 1.0 13.0
Earth Final Conflict V - 4.0 8.0 10.0 22.0
Invincible - Pilot - 2.0 - - 2.0
Starbabes - Pilot - - 0.5 - 0.5
Riverworld - Pilot - - - 2.0 2.0
By the Book - Pilot - - - 1.0 1.0
By the Book - Series - - - 5.0 5.0
Lexx IV 6.0 9.0 5.0 4.0 24.0
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Total Television Series 22.0 40.0 65.5 50.0 177.5
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Television
Movies
When Billie Beat Bobby 2.0 - - - 2.0
Albert Walker - - - 2.0 2.0
Another Day - 2.0 - - 2.0
Change Me Into Zeus's Daughter - - - 2.0 2.0
Crossed Over - - 2.0 - 2.0
Jenifer Estess - - 2.0 - 2.0
Matthew Shepard Story - 2.0 - - 2.0
The Lathe of Heaven - 2.0 - - 2.0
Michael Moore Movie - - - 2.0 2.0
Tagged - - 2.0 - 2.0
TBA Movie # 1 - - - 2.0 2.0
TBA Movie # 2 - - - 2.0 2.0
Salem Witch Trials - - 4.0 - 4.0
Wicked - - - 4.0 4.0
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Total Television Movies 2.0 6.0 10.0 14.0 32.0
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Production Name Q1 Q2 Q3 Q4 Total
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AAC Kids
Ace Lightning - - - 2.5 2.5
Degrassi - - 5.0 2.5 7.5
Jett Jackson Movie II - - - 2.0 2.0
The Quest - - - 6.5 6.5
TBA - Series - - 3.5 3.0 6.5
Henry's World - - - 3.5 3.5
Yvon of the Yukon II - - 6.0 0.5 6.5
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Total AAC Kids - - 14.5 20.5 35.0
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Total Television Slate 24.0 46.0 90.0 84.5 244.5
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% of Current Year Slate 10% 19% 36% 35%
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Cumulative % of Current Year Slate 10% 29% 65% 100%
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Production Name Q1 Q2 Q3 Q4 Total
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AAC Fact
$100 Ride - - 6.5 - 6.5
Canadians IV 1.0 - - - 1.0
Canadians V - - - 10.0 10.0
Circus II - - 1.0 11.0 12.0
Direct Hit - - 1.0 - 1.0
Extreme Body Parts 1.0 - - - 1.0
Extreme Body Parts II - - - 3.0 3.0
Dying Art - - - 1.0 1.0
Feeding Frenzy - - - 3.0 3.0
Frontlot Canada aka Planet America - 1.0 - - 1.0
Flightpath V - 6.5 - - 6.5
TBA Health - - - 7.0 7.0
Journey Home 1.0 5.5 - - 6.5
TBA Discovery - - - 1.0 1.0
TBA - - - 3.0 3.0
Sleep - - - 2.0 2.0
Strange Afflictions - - - 1.0 1.0
The Things We Do For Love III - 0.5 6.0 6.5 13.0
Wilderness Medicine - 2.0 3.0 - 5.0
Alpha Female - - 1.0 - 1.0
Alpha Male 1.0 - - - 1.0
Beyond Human Limits 1.0 - - - 1.0
Cinema Secrets 2.5 4.0 - - 6.5
Cover Up - - - 2.0 2.0
Derailed 1.0 - - - 1.0
TBA GRB - - - 3.0 3.0
Strange Medicine 1.0 - - - 1.0
Albert Walker - - - 1.0 1.0
Biography of a Germ - - - 2.0 2.0
Cook's Calender - - - 6.0 6.0
Edible Wild - - - 1.0 1.0
Canada at War - - - 2.0 2.0
Fat Cities - - - 1.0 1.0
Going to Extremes - - 4.0 - 4.0
Global Reality - - - 6.5 6.5
Baby Nurses - - - 3.0 3.0
Enduring Extremes - - - 3.0 3.0
Hot Science - - 1.0 - 1.0
Lochness - 1.0 - - 1.0
Looking for Eminem - - 1.0 - 1.0
Kangaroo Babies - - - 1.0 1.0
Orchid Hunter - - - 1.0 1.0
The Real CSI - - - 1.0 1.0
Museum Mysteries - - - 3.0 3.0
National Geographic Olympiad - - 1.0 - 1.0
Spontaneous Human Combustion - - 1.0 - 1.0
A Splendid Moment - - - 1.0 1.0
Star Defenders - - - 1.0 1.0
Star Stalkers - - 1.0 - 1.0
Sundance - - 1.0 - 1.0
Toolbox Challenge - - - 6.5 6.5
Airships - 2.0 - - 2.0
Big Bang - - - 6.5 6.5
Illusion - - - 1.5 1.5
Love Stories - - - 6.0 6.0
Scenic Cruises - - - 3.0 3.0
The Science of Pain - - - 1.0 1.0
Secrets of the Sultans - - - 2.0 2.0
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Total AAC Fact Slate 9.5 22.5 28.5 113.5 174.0
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% of Current Year Slate 5% 13% 16% 66%
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Cumulative % of Current Year Slate 5% 18% 34% 100%
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Production Name Q1 Q2 Q3 Q4 Total
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AAC Comedy
This Hour has 22 Minutes VIII 1.0 - - - 1.0
This Hour has 22 Minutes IX - - 4.0 5.0 9.0
Made in Canada IV - 5.0 3.0 - 8.0
Blackfly II - 5.0 1.5 - 6.5
What Rhymes with Canuck - - - 1.0 1.0
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Total AAC Comedy 1.0 10.0 8.5 6.0 25.5
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% of Current Year Slate 4% 39% 33% 24%
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Cumulative % of Current Year Slate 4% 43% 76% 100%
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Motion Picture Group - Deliveries
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Production Name Q1 Q2 Q3 Q4 Total
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Motion Pictures
51st State - - 1.0 - 1.0
Morvern Callar - 1.0 - - 1.0
Owning Mahowny - - 1.0 - 1.0
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Total Motion Picture Slate - 1.0 2.0 - 3.0
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