By the numbers
| (in millions of dollars) | 2020 | 2019 | % Change1 |
|---|---|---|---|
| Operations | |||
| Revenue from operations | 9,318 | 8,899 | 4.3% |
| Profit (loss) from operations | (570) | 7 | * |
| Operating margin (%) | (6.1)% | 0.1% | |
| Net investing and financing expense | (56) | (30) | 81.3% |
| Loss before tax | (626) | (23) | † |
| Net loss | (473) | (14) | † |
| Cash provided by operating activities | 694 | 529 | 31.2% |
| Cash used in capital expenditures | (550) | (589) | 6.6% |
| Financial position | |||
| Cash and cash equivalents | 1,465 | 1,475 | (0.6)% |
| Total assets | 11,209 | 10,527 | 6.5% |
| Loans and borrowings | 997 | 997 | — |
| Equity of Canada | (919) | (107) | † |
| Volume | |||
| Total volume – Consolidated (in millions) | 6,400 | 7,854 | (18.8)% |
| Domestic Parcels growth (Canada Post segment) | 30.9% | 13.2% | |
| Parcels growth (Canada Post segment) | 21.0% | 8.3% | |
| Transaction Mail erosion (Canada Post segment) | (10.5)% | (6.4)% | |
| Domestic Lettermail erosion (Canada Postsegment) | (9.7)% | (6.3)% | |
| Transaction Mail volume decline per address | (11.5)% | (7.3)% | |
| Direct Marketing erosion (Canada Postsegment) | (27.7)% | (1.6)% | |
| Canada Post Corporation Registered Pension Plan | |||
| Pension assets – Fair market value | 29,648 | 27,680 | 7.1% |
| Going-concern surplus2 | 3,818 | 3,809 | 0.2% |
| Solvency deficit – To be funded2 | (6,313) | (5,564) | (13.5)% |
| Employer contributions – Current3 | 296 | 284 | 4.0% |
| Employer contributions – Special3 | 24 | 43 | (42.9)% |
| (in millions of dollars) | 2020 | 2019 | % Change1 |
|---|---|---|---|
| Operations | |||
| Revenue from operations | 9,318 | 8,899 | 4.3% |
| Profit (loss) from operations | (570) | 7 | * |
| Operating margin (%) | (6.1)% | (0.1)% | |
| Net Investing and financing expense | (56) | (30) | (81.3)% |
| Loss before tax | (626) | (23) | † |
| Net loss | (473) | (14) | † |
| Cash provided by operating activities | 694 | 529 | 31.2% |
| Cash used in capital expenditures | (550) | (589) | 6.6% |
| Financial position | |||
| Cash and cash equivalents | 1,465 | 1,475 | (0.6)% |
| Total assets | 11,209 | 10,527 | 6.5% |
| Loans and borrowings | 997 | 997 | — |
| Equity of Canada | (919) | (107) | † |
| Volume | |||
| Total volume – Consolidated (in millions) | 6,400 | 7,854 | (18.8)% |
| Domestic Parcels growth (Canada Post segment) | 30.9% | 13.2% | |
| Parcels growth (Canada Post segment) | 21.0% | 8.3% | |
| Transaction Mail erosion (Canada Post segment) | (10.5)% | (6.4)% | |
| Domestic Lettermail erosion (Canada Post segment) | (9.7)% | (6.3)% | |
| Transaction Mail volume decline per address | (11.5)% | (7.3)% | |
| Domestic Marketing erosion (Canada Post segment) | (27.7)% | (1.6)% | |
| Canada Post Corporation Registered Pension Plan | |||
| Pension assets – Fair market value | 29,648 | 27,680 | 7.1% |
| Going-concern surplus2 | 3,818 | 3,809 | 0.2% |
| Solvency deficit – To be funded2 | (6,313) | (5,564) | (13.5)% |
| Employer contributions – Current3 | 296 | 284 | 4.0% |
| Employer contributions – Special3 | 24 | 43 | (42.9)% |
* The calculation is not mathematically meaningful.
† Large percentage change.
1. Percentages are based on numbers rounded to the nearest thousand and have been adjusted for trading (business) or paid days, where applicable.
2. Estimates as at December 31. Actuarial valuations for the Plan are filed by June 30 of the subsequent year. For more details, refer to Section 6.5 of the Management’s Discussion and Analysis in the Financial Section.
3. For more details, refer to Section 6.5 of the Management’s Discussion and Analysis in the Financial Section.
Canada Post Group of Companies
Revenue from operations
(in billions of dollars)
- 7.9
- 8.3
- 8.7
- 8.9
- 9.3
Profit (loss) from operations
(in millions of dollars)
- 149
- 231
- (82)
- 7
Net profit (loss)
(in millions of dollars)
- 81
- 148
- (93)
- (14)
Labour costs
(percentage of revenue from operations)
- 49.4
- 48.5
- 50.3
- 49.6
- 51.2
Employee benefit costs
(percentage of revenue from operations)
- 18.0
- 17.5
- 18.7
- 17.4
- 20.2
Volume
(in billions of pieces)
- 8.4
- 8.4
- 8.1
- 7.9
- 6.4*
* The decline in overall volume in 2020 was due to the Canada Post segment, with significant decreases in Direct Marketing (nearly 1.3 billion pieces) and Transaction Mail (286 million pieces), partially offset by volume growth in Parcels (69 million pieces).
References in the Annual Report to Canada Post and the Canada Post segment do not include subsidiaries. The Canada Post Group of Companies and the Group of Companies include the Canada Post segment and its subsidiaries, which are Purolator Holdings Ltd., SCI Group Inc. and Innovapost Inc.