With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.
Issue link: http://digital.canadawide.com/i/1471305
62 BCBUSINESS JULY/AUGUST 2022 c=converted from USD at 1.2535 (2021) and 1.3415 (2020) Revenue is by fiscal year c=converted from USD at 1.2535 (2021) and 1.3415 (2020) Revenue is by fiscal year c=converted from USD at 1.2535 (2021) and 1.3415 (2020) Revenue is by fiscal year NATURAL RESOURCES REAL ESTATE CHARITIES RANK COMPANY REVENUE 2021 ($000) REVENUE 2020 ($000) 1 Teck Resources Ltd. 13,481,000 8,948,000 2 West Fraser Timber Co. 10,518,000 4,373,000 3 First Quantum Minerals 9,040,242 c 6,974,459 c 4 Canfor Corp. 7,684,900 5,454,400 5 Interfor Corp. 3,289,146 2,183,609 6 Taiga Building Products 2,219,674 1,589,123 7 B2Gold Corp. 2,208,998 c 2,399,847 c 8 Pan American Silver 2,043,205 c 1,679,690 c 9 Paper Excellence Canada Holdings Corp. 2,000,000 e 2,000,000 e 10 Mercer International 1,803,255 c 1,423,140 c RANK COMPANY REVENUE 2021 ($000) REVENUE 2020 ($000) 1 BC Housing Mgmt. Commission 1,903,818 1,296,109 2 Polygon Family of Companies 1,081,000 1,274,000 3 Northland Properties Corp. 850,000 e 850,000 e 4 Aquilini Investment Group 650,000 e 600,000 e 5 Imperial Parking Corp. 600,000 e 603,675 6 Shato Holdings 575,000 e 575,000 e 7 Anthem Properties Group 450,000 e 441,000 8 Bosa Properties 400,000 e 400,000 e 9 American Hotel Income Properties REIT 302,478 c 234,568 c 10 Wall Financial Corp. 192,275 478,385 RANK COMPANY REVENUE 2021 ($000) REVENUE 2020 ($000) 1 BC Children's Hospital Foundation 39,480 32,511 2 University of British Columbia 36,990 34,744 3 Vancouver Foundation 30,000 e 33,033 4 BC Cancer Foundation 29,060 36,668 5 VGH & UBC Hospital Foundation 25,223 29,410 6 Union Gospel Mission 23,570 21,849 7 Power to Change Ministries 19,846 21,070 8 Covenant House Vancouver 17,732 17,165 9 St. Paul's Foundation 17,137 16,998 10 University of Victoria 14,977 13,982 of CRH Medical, Well Health Technologies almost made the cut on the back of a stupen- dous 500 percent year-over-year revenue surge. (It appears on our Next 10 list.) Not every sector thrived, of course. Continued COVID-related restrictions and public aversion to meetings and travel took their toll on the likes of past Top 100 induct- ees Coast Hotels and Wall Financial. Res- taurant franchise networks like A&W Food Services, The Keg and Boston Pizza had another challenging year that left them off the list. A concerted push into e-commerce could not overcome the loss of foot traffic in Aritzia stores. Crown-owned transportation companies were not immune either, with Translink, BC Transit, BC Ferries and the Vancouver Airport Authority all operating well below capacity, though in the first three cases still big enough to be included in the Top 100. BC Lottery Corp. suffered from the loss of casino revenues, while the hobbled Great Canadian Gaming, a long-time Top 100 alumnus, was finally snapped up by New York's Apollo Global Management. Other B.C. companies taken out last year—though under happier circumstances— included gold producer Pretium Resources, bought by Newcrest Mining of Australia, and wood pellet manufacturer Pinnacle Renew- able Energy, now part of United Kingdom- based Drax Group. Energy shipper Teekay LNG Partners became the property of New York-headquartered alternative investment firm Stonepeak. Just when its revenues gained serious traction, pot grower Tilray moved its head- quarters from Nanaimo to Leamington, Ont., where its merger partner Aphria is based. Formerly Prince George-based BID Group relocated to Mirabel, Quebec. Cap- stone Mining Corp. merged with Bermuda- based Mantos Copper late in the year to become Capstone Copper, with the head- quarters consolidated in Vancouver. All in all, the big got bigger, though per- haps fewer in number. The aggregate 16.7 percent jump in Top 100 revenues to more than $225 billion—a record—belies the fact that the cut-off for the No. 100 company barely budged, at just over $340 million. Most of the $32 billion in additional revenues since 2020 came from a few giant resource companies, in other words. "Since mid-2020, B.C.'s economy has received a well-timed boost from higher prices for various resource-based goods—