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Air Canada

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 22.4B 22.3B 21.8B 16.6B --
Operating Revenue 20.6B 20.8B 20.3B 15.5B --
Cost Of Revenue 17.1B 16.8B 15.7B 13.8B --
Gross Profit 5.3B 5.5B 6.2B 2.8B --
Selling General And Administration 1.8B 1.7B 1.7B 1.3B --
General And Administrative Expense 692.0M 649.0M 555.0M 468.0M --
Other Operating Expenses 2.6B 2.5B 2.2B 1.7B --
Operating Expense 4.4B 4.2B 3.9B 3.0B --
Operating Income 918.0M 1.3B 2.3B -187.0M --
EBIT 1.4B 1.2B 3.1B -628.0M --
Interest Expense 606.0M 731.0M 930.0M 896.0M --
Interest Expense Non Operating 606.0M 731.0M 930.0M 896.0M --
Interest Income 222.0M 431.0M 416.0M 168.0M --
Interest Income Non Operating 222.0M 431.0M 416.0M 168.0M --
Net Interest Income -384.0M -300.0M -514.0M -728.0M --
Other Income Expense 255.0M -448.0M 447.0M -609.0M --
Other Non Operating Income Expenses -72.0M -68.0M -47.0M 4.0M --
Special Income Charges 0.00 -8.0M -10.0M -14.0M --
Restructuring And Mergern Acquisition -- -- -- 0.00 175.0M
Write Off -- -- -- -- 38.0M
Gain On Sale Of Security 327.0M -372.0M 504.0M -599.0M --
Pretax Income 789.0M 515.0M 2.2B -1.5B --
Tax Provision 145.0M -1.2B -64.0M 176.0M --
Tax Effect Of Unusual Items 60.1M -57.0M 197.6M -160.7M --
Net Income From Continuing And Discontinued Operation 644.0M 1.7B 2.3B -1.7B --
Net Income From Continuing Operation Net Minority Interest 644.0M 1.7B 2.3B -1.7B --
Net Income Including Noncontrolling Interests 644.0M 1.7B 2.3B -1.7B --
Net Income Common Stockholders 644.0M 1.7B 2.3B -1.7B --
Net Income 644.0M 1.7B 2.3B -1.7B --
EBITDA 3.4B 3.0B 4.8B 1.0B --
Normalized EBITDA 3.1B 3.4B 4.4B 1.6B --
Reconciled Depreciation 2.0B 1.8B 1.7B 1.6B --
Basic EPS 2.07 4.81 6.35 -4.75 --
Diluted EPS 1.86 4.72 5.96 -4.75 --
Basic Average Shares 311.0M 358.0M 358.0M 358.0M --
Diluted Average Shares 320.0M 376.0M 376.0M 358.0M --
Total Unusual Items 327.0M -380.0M 494.0M -613.0M --
Total Unusual Items Excluding Goodwill 327.0M -380.0M 494.0M -613.0M --
Tax Rate For Calcs 0.18 0.15 0.40 0.26 --
Normalized Income 377.1M 2.0B 2.0B -1.2B --
Average Dilution Earnings -47.0M 56.0M -33.0M 0.00 --
Diluted NI Availto Com Stockholders 597.0M 1.8B 2.2B -1.7B --
Gain On Sale Of Ppe -- -- -- -- 0.00
Impairment Of Capital Assets -- -- -- 4.0M 38.0M
Net Income Continuous Operations 644.0M 1.7B 2.3B -1.7B --
Net Non Operating Interest Income Expense -384.0M -300.0M -514.0M -728.0M --
Other Gand A 692.0M 649.0M 555.0M 468.0M --
Other Special Charges -- 8.0M 10.0M 14.0M 129.0M
Reconciled Cost Of Revenue 17.1B 16.8B 15.7B 13.8B --
Selling And Marketing Expense 1.1B 1.1B 1.1B 797.0M --
Total Expenses 21.5B 21.0B 19.6B 16.7B --
Total Operating Income As Reported 918.0M 1.3B 2.3B -187.0M --
Total Other Finance Cost -- -- -- -- 8.0M
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 2.8B 2.5B 2.8B 2.7B --
Cash Cash Equivalents And Short Term Investments 5.5B 7.0B 8.6B 8.0B --
Other Short Term Investments 2.7B 4.5B 5.7B 5.3B --
Accounts Receivable 1.3B 1.1B 1.1B 1.0B --
Receivables 1.3B 1.1B 1.1B 1.0B --
Inventory 490.0M 391.0M 337.0M 318.0M --
Prepaid Assets -- -- -- 322.0M 169.0M
Other Current Assets 609.0M 600.0M 251.0M 322.0M --
Current Assets 7.9B 9.1B 10.3B 9.7B --
Gross PPE 28.8B 26.1B 24.4B 23.6B --
Accumulated Depreciation -14.2B -13.1B -12.5B -11.7B --
Net PPE 14.5B 13.0B 11.9B 11.9B --
Goodwill 3.3B 3.3B 3.3B 3.3B --
Goodwill And Other Intangible Assets 4.5B 4.4B 4.4B 4.3B --
Other Intangible Assets 1.3B 1.2B 1.1B 1.1B --
Investments And Advances 715.0M 87.0M 76.0M 64.0M --
Long Term Equity Investment 48.0M 49.0M 40.0M 51.0M --
Other Investments 27.0M 38.0M 36.0M 13.0M --
Other Non Current Assets 117.0M 874.0M 833.0M 902.0M --
Total Non Current Assets 23.3B 22.1B 19.9B 19.8B --
Total Assets 31.2B 31.2B 30.2B 29.5B --
Current Debt 2.4B 1.2B 359.0M 713.0M --
Current Debt And Capital Lease Obligation 3.0B 1.8B 866.0M 1.3B --
Payables And Accrued Expenses 4.5B 3.7B 3.3B 2.7B --
Current Deferred Revenue 6.7B 6.0B 5.8B 5.4B --
Current Liabilities 14.1B 11.4B 10.0B 9.4B --
Long Term Debt 6.1B 8.5B 10.5B 12.6B --
Long Term Debt And Capital Lease Obligation 8.6B 10.9B 13.0B 15.0B --
Long Term Capital Lease Obligation 2.5B 2.4B 2.5B 2.5B --
Other Non Current Liabilities 154.0M 159.0M 216.0M 311.0M --
Total Non Current Liabilities Net Minority Interest 14.5B 17.4B 19.4B 21.7B --
Total Liabilities Net Minority Interest 28.6B 28.8B 29.4B 31.1B --
Common Stock 2.3B 2.6B 2.7B 2.7B --
Capital Stock 2.3B 2.6B 2.7B 2.7B --
Additional Paid In Capital 166.0M 149.0M 133.0M 118.0M --
Retained Earnings 202.0M -325.0M -2.0B -4.4B --
Gains Losses Not Affecting Retained Earnings -52.0M -48.0M -57.0M -46.0M --
Other Equity Adjustments -52.0M -48.0M -57.0M -46.0M --
Common Stock Equity 2.6B 2.4B 796.0M -1.6B --
Stockholders Equity 2.6B 2.4B 796.0M -1.6B --
Total Equity Gross Minority Interest 2.6B 2.4B 796.0M -1.6B --
Total Capitalization 8.7B 10.9B 11.3B 11.0B --
Net Tangible Assets -1.9B -2.1B -3.6B -5.9B --
Tangible Book Value -1.9B -2.1B -3.6B -5.9B --
Working Capital -6.2B -2.4B 261.0M 312.0M --
Invested Capital 11.2B 12.0B 11.6B 11.7B --
Total Debt 11.6B 12.7B 13.9B 16.3B --
Net Debt 5.8B 7.1B 8.0B 10.6B --
Share Issued 294.5M 339.8M 358.5M 358.4M --
Ordinary Shares Number 294.5M 339.8M 358.5M 358.4M --
Buildings And Improvements 1.3B 1.2B 1.1B 1.1B --
Capital Lease Obligations 3.0B 3.0B 3.0B 3.0B --
Construction In Progress 1.9B 1.4B 685.0M 470.0M --
Current Capital Lease Obligation 538.0M 592.0M 507.0M 550.0M --
Current Deferred Liabilities 6.7B 6.0B 5.8B 5.4B --
Defined Pension Benefit 2.5B 2.5B 2.6B 2.4B --
Employee Benefits 1.5B 1.8B 1.9B 1.8B --
Financial Assets -- -- -- 0.00 7.0M
Financial Assets Designatedas Fair Value Through Profitor Loss Total 640.0M -- -- -- --
Investmentin Financial Assets 640.0M -- -- -- --
Investmentsin Subsidiariesat Cost 48.0M 49.0M 40.0M 51.0M --
Land And Improvements 1.6B 1.4B 1.3B 1.2B --
Long Term Provisions 1.3B 1.4B 1.2B 1.4B --
Non Current Deferred Assets 774.0M 1.0B 50.0M 48.0M --
Non Current Deferred Liabilities 2.9B 3.0B 3.1B 3.2B --
Non Current Deferred Revenue 2.8B 3.0B 3.0B 3.2B --
Non Current Deferred Taxes Assets 774.0M 1.0B 50.0M 48.0M --
Non Current Deferred Taxes Liabilities 73.0M 73.0M 73.0M 73.0M --
Non Current Pension And Other Postretirement Benefit Plans 1.5B 1.8B 1.9B 1.8B --
Non Current Prepaid Assets 127.0M 119.0M 100.0M 107.0M --
Other Current Borrowings 2.4B 1.2B 359.0M 713.0M --
Restricted Cash -- -- -- -- 167.0M
Treasury Shares Number -- -- 0.00 -- --
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 3.7B 3.9B 4.3B 2.4B --
Cash Flow From Continuing Operating Activities 3.7B 3.9B 4.3B 2.4B --
Depreciation And Amortization 2.0B 1.8B 1.7B 1.6B --
Depreciation Amortization Depletion 2.0B 1.8B 1.7B 1.6B --
Deferred Tax 126.0M -1.2B -47.0M 129.0M --
Deferred Income Tax 126.0M -1.2B -47.0M 129.0M --
Change In Working Capital 758.0M 214.0M 711.0M 1.5B --
Change In Other Working Capital -- -- -- -- 412.0M
Other Non Cash Items 43.0M 69.0M -94.0M -58.0M --
Capital Expenditure -2.9B -2.6B -1.6B -1.6B --
Purchase Of PPE -2.9B -2.6B -1.6B -1.6B --
Net PPE Purchase And Sale -2.9B -2.6B -1.6B -1.6B --
Purchase Of Investment -976.0M -1.4B -2.0B -- --
Sale Of Investment 2.8B 2.7B 1.7B -- --
Net Investment Purchase And Sale 1.8B 1.3B -245.0M -959.0M --
Investing Cash Flow -1.0B -1.4B -1.8B -2.5B --
Cash Flow From Continuing Investing Activities -1.0B -1.4B -1.8B -2.5B --
Issuance Of Debt 231.0M 1.6B 84.0M 202.0M --
Repayment Of Debt -1.7B -4.0B -2.5B -1.8B --
Net Issuance Payments Of Debt -1.5B -2.4B -2.4B -1.6B --
Issuance Of Capital Stock 2.0M 1.0M 1.0M 6.0M --
Repurchase Of Capital Stock -859.0M -473.0M 0.00 -- --
Net Common Stock Issuance -857.0M -472.0M 1.0M 6.0M --
Common Stock Payments -859.0M -473.0M 0.00 -- --
Financing Cash Flow -2.4B -2.9B -2.4B -1.6B --
Cash Flow From Continuing Financing Activities -2.4B -2.9B -2.4B -1.6B --
Effect Of Exchange Rate Changes -5.0M 6.0M -1.0M 20.0M --
Changes In Cash 282.0M -305.0M 125.0M -1.7B --
Beginning Cash Position 2.5B 2.8B 2.7B 4.4B --
End Cash Position 2.8B 2.5B 2.8B 2.7B --
Free Cash Flow 747.0M 1.3B 2.8B 796.0M --
Amortization Cash Flow 138.0M 136.0M 126.0M 125.0M --
Amortization Of Intangibles 138.0M 136.0M 126.0M 125.0M --
Asset Impairment Charge -- -- 0.00 4.0M 38.0M
Common Stock Issuance 2.0M 1.0M 1.0M 6.0M --
Depreciation 1.9B 1.7B 1.6B 1.5B --
Gain Loss On Investment Securities -82.0M -28.0M -115.0M -133.0M --
Long Term Debt Issuance 231.0M 1.6B 84.0M 202.0M --
Long Term Debt Payments -1.7B -4.0B -2.5B -1.8B --
Net Foreign Currency Exchange Gain Loss -195.0M 623.0M -239.0M 735.0M --
Net Income From Continuing Operations 644.0M 1.7B 2.3B -1.7B --
Net Long Term Debt Issuance -1.5B -2.4B -2.4B -1.6B --
Net Other Financing Charges -- -34.0M -1.0M -6.0M -205.0M
Net Other Investing Changes 93.0M -1.0M -18.0M 33.0M --
Operating Gains Losses -8.0M 1.2B -285.0M 744.0M --
Pension And Employee Benefit Expense 269.0M 568.0M 59.0M 128.0M --
Provisionand Write Offof Assets 82.0M 192.0M 56.0M 111.0M --
Unrealized Gain Loss On Investment Securities -- -- -- -133.0M 55.0M
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