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Cascades Inc.

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 4.7B 4.6B 4.5B 4.0B
Operating Revenue 4.7B 4.6B 4.5B 4.0B
Cost Of Revenue 2.8B 2.7B 2.8B 2.4B
Gross Profit 1.9B 1.9B 1.6B 1.6B
Selling General And Administration 1.1B 1.1B 992.0M 947.0M
General And Administrative Expense 1.1B 1.1B 992.0M 947.0M
Depreciation And Amortization In Income Statement 282.0M 272.0M 252.0M 252.0M
Other Operating Expenses 286.0M 269.0M 242.0M 238.0M
Operating Expense 1.7B 1.6B 1.5B 1.4B
Operating Income 200.0M 274.0M 144.0M 137.0M
EBIT 110.0M 58.0M 41.0M 48.0M
Interest Expense 138.0M 124.0M 77.0M 86.0M
Interest Expense Non Operating 138.0M 124.0M 77.0M 86.0M
Interest Income -- -- 0.00 1.0M
Interest Income Non Operating -- -- 0.00 1.0M
Net Interest Income -142.0M -127.0M -79.0M -108.0M
Other Income Expense -86.0M -213.0M -101.0M -67.0M
Special Income Charges -110.0M -232.0M -105.0M -70.0M
Restructuring And Mergern Acquisition 46.0M 23.0M 3.0M -19.0M
Write Off 9.0M 34.0M 4.0M 36.0M
Gain On Sale Of Security 5.0M -3.0M -15.0M -15.0M
Earnings From Equity Interest 19.0M 22.0M 19.0M 18.0M
Pretax Income -28.0M -66.0M -36.0M -38.0M
Tax Provision -14.0M -13.0M -22.0M 9.0M
Tax Effect Of Unusual Items -15.8M -46.3M -31.5M -22.5M
Net Income From Continuing And Discontinued Operation -31.0M -76.0M -34.0M 162.0M
Net Income From Continuing Operation Net Minority Interest -31.0M -76.0M -34.0M -72.0M
Net Income Including Noncontrolling Interests -14.0M -53.0M -14.0M 187.0M
Minority Interests -17.0M -23.0M -20.0M -25.0M
Net Income Common Stockholders -31.0M -76.0M -34.0M 162.0M
Net Income -31.0M -76.0M -34.0M 162.0M
EBITDA 392.0M 330.0M 293.0M 300.0M
Normalized EBITDA 497.0M 565.0M 413.0M 385.0M
Reconciled Depreciation 282.0M 272.0M 252.0M 252.0M
Basic EPS -0.31 -0.76 -0.34 1.60
Diluted EPS -0.31 -0.76 -0.34 1.59
Basic Average Shares 100.9M 100.5M 100.6M 101.9M
Diluted Average Shares 101.1M 101.0M 101.1M 102.9M
Total Unusual Items -105.0M -235.0M -120.0M -85.0M
Total Unusual Items Excluding Goodwill -105.0M -235.0M -120.0M -85.0M
Tax Rate For Calcs 0.15 0.20 0.26 0.27
Normalized Income 58.2M 112.7M 54.5M -9.5M
Amortization -- -- 252.0M 252.0M
Amortization Of Intangibles Income Statement -- -- 252.0M 252.0M
Depreciation Amortization Depletion Income Statement 282.0M 272.0M 252.0M 252.0M
Diluted NI Availto Com Stockholders -31.0M -76.0M -34.0M 162.0M
Gain On Sale Of Ppe -- -- -- 40.0M
Impairment Of Capital Assets 55.0M 175.0M 98.0M 53.0M
Net Income Continuous Operations -14.0M -53.0M -14.0M -47.0M
Net Income Discontinuous Operations -- -- 0.00 234.0M
Net Non Operating Interest Income Expense -142.0M -127.0M -79.0M -108.0M
Other Gand A -- -- -- 55.0M
Other Special Charges -- -- -- 20.0M
Reconciled Cost Of Revenue 2.8B 2.7B 2.8B 2.4B
Salaries And Wages 1.1B 1.1B 992.0M 947.0M
Selling And Marketing Expense -- -- -- 16.0M
Total Expenses 4.5B 4.4B 4.3B 3.8B
Total Operating Income As Reported 95.0M 40.0M 33.0M 50.0M
Total Other Finance Cost 4.0M 3.0M 2.0M 23.0M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 27.0M 54.0M 102.0M 174.0M
Cash Cash Equivalents And Short Term Investments 28.0M 55.0M 111.0M 175.0M
Other Short Term Investments 1.0M 1.0M 9.0M 1.0M
Accounts Receivable 446.0M 431.0M 525.0M 479.0M
Receivables 473.0M 465.0M 567.0M 529.0M
Inventory 685.0M 568.0M 587.0M 494.0M
Current Assets 1.2B 1.1B 1.3B 1.2B
Gross PPE 5.9B 5.6B 5.6B 4.9B
Accumulated Depreciation -3.1B -2.8B -2.7B -2.4B
Net PPE 2.8B 2.8B 2.9B 2.5B
Goodwill 503.0M 481.0M 487.0M 472.0M
Goodwill And Other Intangible Assets 545.0M 537.0M 561.0M 561.0M
Other Intangible Assets 42.0M 56.0M 74.0M 89.0M
Investments And Advances 100.0M 97.0M 101.0M 95.0M
Long Term Equity Investment 97.0M 94.0M 94.0M 87.0M
Other Investments 3.0M 3.0M 3.0M 2.0M
Other Non Current Assets 21.0M 20.0M 19.0M 15.0M
Total Non Current Assets 3.8B 3.7B 3.8B 3.4B
Total Assets 5.0B 4.8B 5.1B 4.6B
Current Debt 193.0M 8.0M 83.0M 32.0M
Current Debt And Capital Lease Obligation 252.0M 67.0M 137.0M 75.0M
Accounts Payable 540.0M 502.0M 532.0M 518.0M
Payables 556.0M 514.0M 542.0M 536.0M
Payables And Accrued Expenses 658.0M 649.0M 678.0M 655.0M
Current Accrued Expenses 102.0M 135.0M 136.0M 119.0M
Other Current Liabilities 43.0M 29.0M 22.0M 16.0M
Current Liabilities 1.1B 819.0M 917.0M 822.0M
Long Term Debt 1.7B 1.7B 1.8B 1.3B
Long Term Debt And Capital Lease Obligation 1.9B 1.9B 1.9B 1.4B
Long Term Capital Lease Obligation 194.0M 130.0M 154.0M 127.0M
Other Non Current Liabilities 80.0M 99.0M 104.0M 128.0M
Total Non Current Liabilities Net Minority Interest 2.1B 2.2B 2.2B 1.8B
Total Liabilities Net Minority Interest 3.2B 3.0B 3.1B 2.6B
Common Stock 616.0M 613.0M 611.0M 614.0M
Capital Stock 616.0M 613.0M 611.0M 614.0M
Additional Paid In Capital 16.0M 15.0M 14.0M 14.0M
Retained Earnings 1.0B 1.1B 1.2B 1.3B
Gains Losses Not Affecting Retained Earnings 73.0M 15.0M 34.0M -23.0M
Other Equity Adjustments 73.0M 15.0M 34.0M -23.0M
Common Stock Equity 1.7B 1.7B 1.9B 1.9B
Stockholders Equity 1.7B 1.7B 1.9B 1.9B
Total Equity Gross Minority Interest 1.8B 1.8B 1.9B 1.9B
Minority Interest 47.0M 42.0M 57.0M 48.0M
Total Capitalization 3.4B 3.5B 3.6B 3.2B
Net Tangible Assets 1.2B 1.2B 1.3B 1.3B
Tangible Book Value 1.2B 1.2B 1.3B 1.3B
Working Capital 99.0M 269.0M 348.0M 376.0M
Invested Capital 3.6B 3.5B 3.7B 3.2B
Total Debt 2.1B 1.9B 2.1B 1.5B
Net Debt 1.8B 1.7B 1.8B 1.2B
Share Issued 101.0M 100.7M 100.4M 100.9M
Ordinary Shares Number 101.0M 100.7M 100.4M 100.9M
Allowance For Doubtful Accounts Receivable -4.0M -7.0M -4.0M -4.0M
Buildings And Improvements 1.2B 1.2B 1.2B 929.0M
Capital Lease Obligations 253.0M 189.0M 208.0M 170.0M
Current Capital Lease Obligation 59.0M 59.0M 54.0M 43.0M
Current Provisions 134.0M 74.0M 80.0M 76.0M
Defined Pension Benefit 48.0M 46.0M 40.0M 29.0M
Dueto Related Parties Current 14.0M 6.0M 6.0M 6.0M
Finished Goods 267.0M 246.0M 238.0M 204.0M
Gross Accounts Receivable 450.0M 438.0M 529.0M 483.0M
Income Tax Payable 2.0M 6.0M 4.0M 12.0M
Investmentin Financial Assets -- 0.00 4.0M 6.0M
Investmentsin Associatesat Cost 28.0M 26.0M 25.0M 20.0M
Investmentsin Joint Venturesat Cost 69.0M 68.0M 69.0M 67.0M
Land And Improvements 150.0M 139.0M 117.0M 112.0M
Line Of Credit 10.0M 0.00 3.0M 1.0M
Long Term Provisions 58.0M 61.0M 41.0M 47.0M
Machinery Furniture Equipment 4.1B 3.9B 4.0B 3.5B
Non Current Deferred Assets 220.0M 167.0M 114.0M 138.0M
Non Current Deferred Liabilities 133.0M 143.0M 132.0M 192.0M
Non Current Deferred Taxes Assets 220.0M 167.0M 114.0M 138.0M
Non Current Deferred Taxes Liabilities 133.0M 143.0M 132.0M 192.0M
Non Current Note Receivables 33.0M 9.0M 8.0M 8.0M
Other Current Borrowings 183.0M 8.0M 80.0M 31.0M
Other Properties 490.0M 382.0M 359.0M 350.0M
Other Receivables 23.0M 22.0M 31.0M 31.0M
Properties 0.00 0.00 0.00 0.00
Raw Materials 418.0M 322.0M 349.0M 290.0M
Taxes Receivable 4.0M 12.0M 11.0M 19.0M
Total Tax Payable 2.0M 6.0M 4.0M 12.0M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 272.0M 510.0M 144.0M 211.0M
Cash Flow From Continuing Operating Activities 272.0M 510.0M 144.0M 211.0M
Depreciation And Amortization 282.0M 272.0M 252.0M 252.0M
Depreciation Amortization Depletion 282.0M 272.0M 252.0M 252.0M
Deferred Tax -14.0M -13.0M -22.0M 9.0M
Deferred Income Tax -14.0M -13.0M -22.0M 9.0M
Change In Working Capital -23.0M 113.0M -116.0M -36.0M
Changes In Account Receivables 0.00 95.0M -30.0M 17.0M
Change In Receivables -2.0M 94.0M -21.0M 21.0M
Change In Inventory -55.0M -15.0M -69.0M -91.0M
Change In Payables And Accrued Expense 34.0M 34.0M -26.0M 34.0M
Change In Payable 34.0M 34.0M -26.0M 34.0M
Other Non Cash Items 224.0M 185.0M 82.0M 75.0M
Capital Expenditure -184.0M -351.0M -506.0M -301.0M
Purchase Of PPE -161.0M -350.0M -501.0M -286.0M
Net PPE Purchase And Sale -127.0M -343.0M -482.0M -233.0M
Sale Of Business 0.00 12.0M 1.0M 1.0M
Investing Cash Flow -150.0M -332.0M -486.0M -247.0M
Cash Flow From Continuing Investing Activities -150.0M -332.0M -486.0M -247.0M
Issuance Of Debt -- 92.0M 680.0M 5.0M
Repayment Of Debt -95.0M -229.0M -336.0M -458.0M
Net Issuance Payments Of Debt -85.0M -140.0M 344.0M -453.0M
Issuance Of Capital Stock -- -- -- 0.00
Repurchase Of Capital Stock -- 0.00 -9.0M -26.0M
Net Common Stock Issuance -- 0.00 -9.0M -26.0M
Common Stock Dividend Paid -48.0M -48.0M -48.0M -41.0M
Common Stock Payments -- 0.00 -9.0M -26.0M
Financing Cash Flow -149.0M -225.0M 272.0M -529.0M
Cash Flow From Continuing Financing Activities -149.0M -225.0M 272.0M -529.0M
Effect Of Exchange Rate Changes 0.00 -1.0M -2.0M -1.0M
Changes In Cash -27.0M -47.0M -70.0M -209.0M
Beginning Cash Position 54.0M 102.0M 174.0M 384.0M
End Cash Position 27.0M 54.0M 102.0M 174.0M
Free Cash Flow 88.0M 159.0M -362.0M -90.0M
Amortization Cash Flow 20.0M 19.0M 252.0M 252.0M
Amortization Of Intangibles 20.0M 19.0M 252.0M 252.0M
Asset Impairment Charge 64.0M 209.0M 102.0M 89.0M
Cash Dividends Paid -48.0M -48.0M -48.0M -41.0M
Cash Flow From Discontinued Operation -- -- 0.00 356.0M
Change In Account Payable 34.0M 35.0M -12.0M 46.0M
Change In Income Tax Payable 0.00 -1.0M -14.0M -12.0M
Change In Tax Payable 0.00 -1.0M -14.0M -12.0M
Common Stock Issuance -- -- -- 0.00
Depreciation 261.0M 252.0M -- --
Dividend Received Cfo 17.0M 9.0M 12.0M 11.0M
Earnings Losses From Equity Investments -19.0M -22.0M -19.0M -18.0M
Gain Loss On Investment Securities -6.0M 3.0M 6.0M 17.0M
Interest Paid Cfo -135.0M -129.0M -87.0M -96.0M
Long Term Debt Issuance -- 92.0M 678.0M 5.0M
Long Term Debt Payments -95.0M -229.0M -336.0M -447.0M
Net Business Purchase And Sale 0.00 12.0M 1.0M 1.0M
Net Foreign Currency Exchange Gain Loss 1.0M 0.00 9.0M -3.0M
Net Income From Continuing Operations -31.0M -76.0M -34.0M -59.0M
Net Intangibles Purchase And Sale -23.0M -1.0M -5.0M -15.0M
Net Long Term Debt Issuance -95.0M -137.0M 342.0M -442.0M
Net Other Financing Charges -18.0M -39.0M -16.0M -11.0M
Net Short Term Debt Issuance 10.0M -3.0M 2.0M -11.0M
Operating Gains Losses -24.0M -19.0M -4.0M -1.0M
Proceeds From Stock Option Exercised 2.0M 2.0M 1.0M 2.0M
Provisionand Write Offof Assets -84.0M -32.0M -36.0M -35.0M
Sale Of PPE 34.0M 7.0M 19.0M 53.0M
Short Term Debt Issuance -- -- 2.0M --
Short Term Debt Payments -- -3.0M -- -11.0M
Taxes Refund Paid -4.0M -9.0M -5.0M 2.0M
Unrealized Gain Loss On Investment Securities -- -- -- 0.00
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