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Birchcliff Energy Ltd.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 640.9M 770.9M 1.4B 953.1M
Operating Revenue 640.9M 770.9M 1.4B 953.1M
Cost Of Revenue 433.1M 441.7M 499.1M 403.6M
Gross Profit 207.8M 329.2M 859.9M 549.5M
Selling General And Administration 46.7M 55.7M 42.2M 30.7M
General And Administrative Expense 46.7M 55.7M 42.2M 30.7M
Other Operating Expenses 149.5M 152.9M 155.3M 149.7M
Operating Expense 196.2M 208.7M 197.5M 180.4M
Operating Income 11.7M 120.6M 662.4M 369.1M
EBIT 115.6M 36.3M 871.1M 437.7M
Interest Expense 41.4M 20.3M 13.7M 28.8M
Interest Expense Non Operating 41.4M 20.3M 13.7M 28.8M
Net Interest Income -42.8M -22.0M -15.2M -29.8M
Other Income Expense 105.3M -82.6M 210.1M 69.6M
Other Non Operating Income Expenses -2.6M -7.1M 374,000 9.5M
Gain On Sale Of Security 107.9M -75.5M 209.8M 60.1M
Pretax Income 74.2M 15.9M 857.3M 408.9M
Tax Provision 18.1M 6.2M 200.5M 94.3M
Tax Effect Of Unusual Items 26.3M -29.2M 49.1M 13.8M
Net Income From Continuing And Discontinued Operation 56.1M 9.8M 656.8M 314.7M
Net Income From Continuing Operation Net Minority Interest 56.1M 9.8M 656.8M 314.7M
Net Income Including Noncontrolling Interests 56.1M 9.8M 656.8M 314.7M
Net Income Common Stockholders 56.1M 9.8M 653.7M 310.5M
Net Income 56.1M 9.8M 656.8M 314.7M
EBITDA 362.2M 262.8M 1.1B 650.5M
Normalized EBITDA 254.3M 338.2M 875.1M 590.4M
Reconciled Depreciation 246.6M 226.5M 213.8M 212.8M
Basic EPS 0.21 0.04 2.46 1.17
Diluted EPS 0.21 0.04 2.38 1.13
Basic Average Shares 269.1M 266.5M 265.5M 266.0M
Diluted Average Shares 272.2M 272.5M 275.2M 274.4M
Total Unusual Items 107.9M -75.5M 209.8M 60.1M
Total Unusual Items Excluding Goodwill 107.9M -75.5M 209.8M 60.1M
Tax Rate For Calcs 0.24 0.39 0.23 0.23
Normalized Income -25.5M 56.1M 496.1M 268.5M
Diluted NI Availto Com Stockholders 56.1M 9.8M 653.7M 310.5M
Net Income Continuous Operations 56.1M 9.8M 656.8M 314.7M
Net Non Operating Interest Income Expense -42.8M -22.0M -15.2M -29.8M
Other Gand A 809,000 798,000 -2.3M -7.3M
Preferred Stock Dividends -- -- 3.1M 4.2M
Reconciled Cost Of Revenue 433.1M 441.7M 499.1M 403.6M
Salaries And Wages 45.9M 54.9M 44.5M 37.9M
Total Expenses 629.3M 650.3M 696.6M 584.0M
Total Other Finance Cost 1.4M 1.7M 1.5M 968,000
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 50,000 55,000 74,000 63,000
Cash Cash Equivalents And Short Term Investments 50,000 55,000 74,000 63,000
Cash Financial 50,000 55,000 74,000 63,000
Accounts Receivable 64.6M 62.3M 118.0M 88.8M
Receivables 78.9M 75.1M 125.0M 92.4M
Prepaid Assets 19.2M 23.3M 12.1M 5.7M
Current Assets 169.2M 102.1M 154.9M 98.3M
Gross PPE 5.5B 5.1B 4.8B 4.4B
Accumulated Depreciation -2.3B -2.0B -1.8B -1.6B
Net PPE 3.2B 3.1B 3.0B 2.9B
Investments And Advances 8.9M 10.6M 11.0M 9.5M
Total Non Current Assets 3.3B 3.1B 3.0B 2.9B
Total Assets 3.4B 3.2B 3.2B 3.0B
Current Debt And Capital Lease Obligation 10.8M 2.5M 1.9M 1.8M
Payables And Accrued Expenses 66.9M 94.8M 143.8M 96.7M
Other Current Liabilities -- 1.4M 1.3M 54.9M
Current Liabilities 80.3M 115.1M 147.0M 153.4M
Long Term Debt 566.9M 372.1M 132.0M 500.9M
Long Term Debt And Capital Lease Obligation 676.2M 382.2M 143.7M 514.5M
Long Term Capital Lease Obligation 109.3M 10.1M 11.7M 13.6M
Total Non Current Liabilities Net Minority Interest 1.2B 836.3M 609.7M 888.9M
Total Liabilities Net Minority Interest 1.2B 951.5M 756.7M 1.0B
Common Stock 1.4B 1.4B 1.4B 1.5B
Capital Stock 1.4B 1.4B 1.4B 1.5B
Additional Paid In Capital 111.6M 104.7M 86.6M 90.9M
Retained Earnings 639.9M 691.6M 895.1M 321.8M
Common Stock Equity 2.2B 2.2B 2.4B 1.9B
Stockholders Equity 2.2B 2.2B 2.4B 1.9B
Total Equity Gross Minority Interest 2.2B 2.2B 2.4B 1.9B
Total Capitalization 2.8B 2.6B 2.5B 2.4B
Net Tangible Assets 2.2B 2.2B 2.4B 1.9B
Tangible Book Value 2.2B 2.2B 2.4B 1.9B
Working Capital 89.0M -13.1M 7.9M -55.2M
Invested Capital 2.8B 2.6B 2.5B 2.4B
Total Debt 686.9M 384.7M 145.6M 516.3M
Net Debt 566.8M 372.0M 131.9M 500.8M
Share Issued 271.3M 267.2M 266.0M 264.8M
Ordinary Shares Number 271.3M 267.2M 266.0M 264.8M
Capital Lease Obligations 120.1M 12.6M 13.6M 15.4M
Current Capital Lease Obligation 10.8M 2.5M 1.9M 1.8M
Derivative Product Liabilities 0.00 1.5M 0.00 67.3M
Duefrom Related Parties Current 12.6M 11.6M 5.4M 2.1M
Employee Benefits 465,000 52,000 11.2M 9.9M
Financial Assets 36.6M 8.3M 30.9M 0.00
Hedging Assets Current 71.0M 3.6M 17.7M 69,000
Long Term Provisions 101.9M 91.3M 99.7M 140.6M
Non Current Deferred Liabilities 379.4M 361.3M 355.1M 156.7M
Non Current Deferred Taxes Liabilities 379.4M 361.3M 355.1M 156.7M
Non Current Pension And Other Postretirement Benefit Plans 465,000 52,000 11.2M 9.9M
Other Properties 164.7M 49.4M 45.3M 43.7M
Other Receivables 1.7M 1.3M 1.6M 1.4M
Pensionand Other Post Retirement Benefit Plans Current 2.6M 16.4M 0.00 --
Preferred Shares Number -- -- -- 3.5M
Preferred Stock -- 0.00 0.00 41.4M
Preferred Stock Equity -- -- -- 41.4M
Properties -- -- -- 4.4B
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 203.7M 320.5M 925.3M 515.4M
Cash Flow From Continuing Operating Activities 203.7M 320.5M 925.3M 515.4M
Depreciation And Amortization 246.6M 226.5M 213.8M --
Depreciation Amortization Depletion 246.6M 226.5M 213.8M 212.8M
Deferred Tax 18.1M 6.2M 200.5M 94.3M
Deferred Income Tax 18.1M 6.2M 200.5M 94.3M
Change In Working Capital -17.3M 19.5M -25.7M -21.2M
Other Non Cash Items -1.2M 20.4M 22.6M 25.2M
Capital Expenditure -281.3M -304.8M -2.3M -230.8M
Purchase Of PPE -281.3M -304.8M -2.3M -230.8M
Net PPE Purchase And Sale -281.0M -304.7M -2.0M -230.8M
Purchase Of Business -- -- -2.3M -283,000
Purchase Of Investment -- -- -2.0M -1.3M
Net Investment Purchase And Sale -221,000 -1.2M -2.0M -1.3M
Investing Cash Flow -293.4M -338.9M -338.5M -247.4M
Cash Flow From Continuing Investing Activities -293.4M -338.9M -338.5M -247.4M
Repayment Of Debt -6.6M -2.5M -2.5M -2.4M
Net Issuance Payments Of Debt 190.1M 236.0M -371.5M -230.5M
Issuance Of Capital Stock 10.8M 7.2M 23.0M 12.6M
Repurchase Of Capital Stock 0.00 -11.5M -107.2M -31.5M
Net Common Stock Issuance 10.8M -4.3M -34.2M -18.9M
Common Stock Dividend Paid -107.8M -213.3M -77.0M -13.5M
Common Stock Payments 0.00 -11.5M -57.2M -31.5M
Financing Cash Flow 89.6M 18.3M -586.7M -268.0M
Cash Flow From Continuing Financing Activities 89.6M 18.3M -586.7M -268.0M
Changes In Cash -5,000 -19,000 11,000 3,000
Beginning Cash Position 55,000 74,000 63,000 60,000
End Cash Position 50,000 55,000 74,000 63,000
Free Cash Flow -77.5M 15.7M 922.9M 284.6M
Cash Dividends Paid -107.8M -213.3M -77.0M -13.5M
Common Stock Issuance 10.8M 7.2M 23.0M 12.6M
Depletion 0.00 0.00 0.00 --
Depreciation 246.6M 226.5M 213.8M --
Dividend Received Cfo -- 0.00 2.0M 2.7M
Interest Paid Cff -- -- -1.3M -3.5M
Interest Paid Cfo -- -20.3M -13.7M -28.8M
Long Term Debt Payments -6.6M -2.5M -2.5M -2.4M
Net Business Purchase And Sale -- -- -2.3M -283,000
Net Income From Continuing Operations 56.1M 9.8M 656.8M 314.7M
Net Long Term Debt Issuance 190.1M 236.0M -371.5M -230.5M
Net Other Financing Charges -3.4M -- -39.5M -1.7M
Net Other Investing Changes -12.1M -32.9M -334.6M -15.4M
Net Preferred Stock Issuance -- 0.00 -50.0M 0.00
Preferred Stock Payments -- 0.00 -50.0M 0.00
Proceeds From Stock Option Exercised -- 0.00 -14.5M 0.00
Sale Of PPE 258,000 87,000 315,000 0.00
Unrealized Gain Loss On Investment Securities -98.6M 38.2M -131.0M -84.2M
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