By the numbers | Annual Report 2022

(In millions of dollars)

Operations – Canada Post Group of Companies
	2022	2021	% change^{Footnote 1}
Operations – Canada Post Group of Companies
Revenue from operations	10,142	10,112	0.7%
Loss from operations	(236)	(196)	(20.8)%
Operating margin (%)	(2.3)%	(1.9)%
Net investing and financing expense	(56)	(50)	(10.9)%
Loss before tax	(292)	(246)	(18.8)%
Net loss	(228)	(187)	(21.8)%
Cash provided by operating activities	300	664	(54.8)%
Cash payments for capital assets	(585)	(677)	13.5%

Financial position – Canada Post Group of Companies
	2022	2021	% change^{Footnote 1}
Cash and cash equivalents	1,220	1,331	(8.4)%
Total assets	14,387	11,516	24.9%
Loans and borrowings	998	998
Equity of Canada	6,359	3,025	110.2%

Volume^{Footnote 2}
	2022	2021	% change^{Footnote 1}
Total volume – Canada Post Group of Companies (in millions)	6,741	6,916	(2.1)%
Domestic Parcels decline (Canada Post segment)	(17.2)%	(3.9)%
Parcels decline (Canada Post segment)	(20.4)%	(6.6)%
Transaction Mail decline (Canada Post segment)	(6.3)%	(1.6)%
Domestic Lettermail decline (Canada Post segment)	(6.6)%	(1.1)%
Transaction Mail volume decline per address (Canada Post segment)	(7.2)%	(3.3)%
Direct Marketing growth (Canada Post segment)	2.1%	18.8%

Canada Post Corporation Registered Pension Plan
	2022	2021	% change^{Footnote 1}
Pension assets – Fair value	29,554	32,387	(8.7)%
Going-concern surplus^{Footnote 3}	6,535	4,826	35.4%
Solvency deficit – To be funded^{Footnote 3}	(1,695)	(4,924)	65.6%
Employer contributions – Current^{Footnote 4}	318	321	(1.0)%
Employer contributions – Special^{Footnote 4}	32	32	2.6%

Go to reference for footnote 1.

Percentages are based on numbers rounded to the nearest thousand and have been adjusted for differences in trading (business) or paid days, where applicable.
Go to reference for footnote 2.

Percentage change for volume restated to exclude the National Day for Truth and Reconciliation as a trading day in 2021.
Go to reference for footnote 3.

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 6.2 of the Management’s Discussion and Analysis in the Financial Section.
Go to reference for footnote 4.

For more details, refer to Section 6.2 of the Management’s Discussion and Analysis in the Financial Section.

Canada Post Group of Companies

Revenue from operations

(in billions of dollars)

8.7
8.9
9.3
10.1
10.1

Profit (loss) from operations

(in millions of dollars)

(82)
7
(570)
(196)
(236)

Net profit (loss)

(in millions of dollars)

(93)
(14)
(473)
(187)
(228)

Labour costs

(percentage of revenue from operations)

50.3
49.6
51.2
48.3
48.0

Employee benefit costs

(percentage of revenue from operations)

18.7
17.4
20.2
18.4
15.8

Volume

(in billions of 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.