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Cascades Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Total Revenue 1.2B 1.2B 1.2B 1.2B 1.2B
Operating Revenue 1.2B 1.2B 1.2B 1.2B 1.2B
Cost Of Revenue 702.0M 679.0M 721.0M 736.0M 722.0M
Gross Profit 485.0M 475.0M 490.0M 465.0M 458.0M
Selling General And Administration 275.0M 280.0M 277.0M 267.0M 275.0M
General And Administrative Expense 275.0M 280.0M 277.0M 267.0M 275.0M
Depreciation And Amortization In Income Statement 72.0M 69.0M 76.0M 70.0M 69.0M
Other Operating Expenses 74.0M 74.0M 59.0M 82.0M 71.0M
Operating Expense 421.0M 423.0M 412.0M 419.0M 415.0M
Operating Income 64.0M 52.0M 78.0M 46.0M 43.0M
EBIT 37.0M 52.0M 20.0M 39.0M 38.0M
Interest Expense 31.0M 35.0M 33.0M 34.0M 35.0M
Interest Expense Non Operating 31.0M 35.0M 33.0M 34.0M 35.0M
Interest Income -- -- -- 1.0M --
Interest Income Non Operating -- -- -- 1.0M --
Net Interest Income -33.0M -36.0M -35.0M -35.0M -36.0M
Other Income Expense -25.0M 1.0M -56.0M -6.0M -4.0M
Special Income Charges -24.0M -6.0M -63.0M -12.0M -10.0M
Restructuring And Mergern Acquisition 1.0M 5.0M 8.0M 5.0M 10.0M
Write Off 23.0M 1.0M 0.00 7.0M 0.00
Gain On Sale Of Security -4.0M 4.0M 2.0M 1.0M --
Earnings From Equity Interest 3.0M 3.0M 5.0M 5.0M 6.0M
Pretax Income 6.0M 17.0M -13.0M 5.0M 3.0M
Tax Provision 3.0M 5.0M -6.0M -1.0M -1.0M
Tax Effect Of Unusual Items -4.2M -588,235 -9.2M -1.6M -1.5M
Net Income From Continuing And Discontinued Operation -3.0M 7.0M -13.0M 1.0M 1.0M
Net Income From Continuing Operation Net Minority Interest -3.0M 7.0M -13.0M 1.0M 1.0M
Net Income Including Noncontrolling Interests 3.0M 12.0M -7.0M 6.0M 4.0M
Minority Interests -6.0M -5.0M -6.0M -5.0M -3.0M
Net Income Common Stockholders -3.0M 7.0M -13.0M 1.0M 1.0M
Net Income -3.0M 7.0M -13.0M 1.0M 1.0M
EBITDA 109.0M 121.0M 96.0M 109.0M 107.0M
Normalized EBITDA 137.0M 123.0M 157.0M 120.0M 117.0M
Reconciled Depreciation 72.0M 69.0M 76.0M 70.0M 69.0M
Basic EPS -0.03 0.07 -0.13 0.01 0.01
Diluted EPS -0.03 0.07 -0.13 0.01 0.01
Basic Average Shares 101.2M 101.0M 101.0M 101.0M 100.8M
Diluted Average Shares 101.2M 101.4M 101.3M 101.0M 100.9M
Total Unusual Items -28.0M -2.0M -61.0M -11.0M -10.0M
Total Unusual Items Excluding Goodwill -28.0M -2.0M -61.0M -11.0M -10.0M
Tax Rate For Calcs 0.15 0.29 0.15 0.15 0.15
Normalized Income 20.8M 8.4M 38.9M 10.3M 9.5M
Amortization -- 69.0M -- -- --
Amortization Of Intangibles Income Statement -- 69.0M -- -- --
Depreciation Amortization Depletion Income Statement 72.0M 69.0M 76.0M 70.0M 69.0M
Diluted NI Availto Com Stockholders -3.0M 7.0M -13.0M 1.0M 1.0M
Gain On Sale Of Business -- -- -- 0.00 0.00
Net Income Continuous Operations 3.0M 12.0M -7.0M 6.0M 4.0M
Net Non Operating Interest Income Expense -33.0M -36.0M -35.0M -35.0M -36.0M
Reconciled Cost Of Revenue 702.0M 679.0M 721.0M 736.0M 722.0M
Salaries And Wages 275.0M 280.0M 277.0M 267.0M 275.0M
Total Expenses 1.1B 1.1B 1.1B 1.2B 1.1B
Total Operating Income As Reported 36.0M 50.0M 16.0M 36.0M 34.0M
Total Other Finance Cost 2.0M 1.0M 1.0M 1.0M 1.0M
Line Item Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Cash And Cash Equivalents 26.0M 29.0M 27.0M 34.0M 23.0M
Cash Cash Equivalents And Short Term Investments 31.0M 31.0M 28.0M 36.0M 23.0M
Other Short Term Investments 5.0M 2.0M 1.0M 2.0M 0.00
Accounts Receivable 472.0M 484.0M 446.0M 495.0M 493.0M
Receivables 477.0M 489.0M 473.0M 503.0M 500.0M
Inventory 685.0M 734.0M 685.0M 643.0M 641.0M
Current Assets 1.2B 1.3B 1.2B 1.2B 1.2B
Gross PPE -- -- 5.9B -- --
Accumulated Depreciation -- -- -3.1B -- --
Net PPE 2.7B 2.8B 2.8B 2.8B 2.8B
Goodwill 489.0M 504.0M 503.0M 488.0M 491.0M
Goodwill And Other Intangible Assets 524.0M 543.0M 545.0M 532.0M 539.0M
Other Intangible Assets 35.0M 39.0M 42.0M 44.0M 48.0M
Investments And Advances 100.0M 102.0M 100.0M 99.0M 95.0M
Long Term Equity Investment 95.0M 99.0M 97.0M 99.0M 94.0M
Other Investments -- -- 3.0M -- --
Other Non Current Assets 104.0M 107.0M 21.0M 106.0M 106.0M
Total Non Current Assets 3.6B 3.8B 3.8B 3.7B 3.7B
Total Assets 4.8B 5.1B 5.0B 4.9B 4.9B
Current Debt 4.0M 302.0M 193.0M 189.0M 185.0M
Current Debt And Capital Lease Obligation 73.0M 372.0M 252.0M 245.0M 238.0M
Accounts Payable 649.0M 689.0M 540.0M 678.0M 660.0M
Payables 652.0M 693.0M 556.0M 682.0M 664.0M
Payables And Accrued Expenses 652.0M 693.0M 658.0M 682.0M 664.0M
Current Accrued Expenses -- -- 102.0M -- --
Other Current Liabilities 24.0M 34.0M 43.0M 28.0M 25.0M
Current Liabilities 774.0M 1.1B 1.1B 971.0M 945.0M
Long Term Debt 1.9B 1.7B 1.7B 1.7B 1.7B
Long Term Debt And Capital Lease Obligation 2.1B 1.9B 1.9B 1.8B 1.9B
Long Term Capital Lease Obligation 165.0M 180.0M 194.0M 157.0M 158.0M
Other Non Current Liabilities 87.0M 78.0M 80.0M 97.0M 90.0M
Total Non Current Liabilities Net Minority Interest 2.3B 2.1B 2.1B 2.1B 2.2B
Total Liabilities Net Minority Interest 3.1B 3.3B 3.2B 3.1B 3.1B
Common Stock 618.0M 617.0M 616.0M 616.0M 616.0M
Capital Stock 618.0M 617.0M 616.0M 616.0M 616.0M
Additional Paid In Capital 17.0M 16.0M 16.0M 16.0M 15.0M
Retained Earnings 998.0M 1.0B 1.0B 1.0B 1.1B
Gains Losses Not Affecting Retained Earnings 40.0M 72.0M 73.0M 31.0M 39.0M
Other Equity Adjustments 40.0M 72.0M 73.0M 31.0M 39.0M
Common Stock Equity 1.7B 1.7B 1.7B 1.7B 1.7B
Stockholders Equity 1.7B 1.7B 1.7B 1.7B 1.7B
Total Equity Gross Minority Interest 1.7B 1.8B 1.8B 1.8B 1.8B
Minority Interest 29.0M 49.0M 47.0M 42.0M 41.0M
Total Capitalization 3.6B 3.4B 3.4B 3.4B 3.4B
Net Tangible Assets 1.1B 1.2B 1.2B 1.2B 1.2B
Tangible Book Value 1.1B 1.2B 1.2B 1.2B 1.2B
Working Capital 419.0M 108.0M 99.0M 211.0M 219.0M
Invested Capital 3.6B 3.7B 3.6B 3.6B 3.6B
Total Debt 2.1B 2.2B 2.1B 2.1B 2.1B
Net Debt 1.9B 2.0B 1.8B 1.8B 1.9B
Share Issued 101.3M 101.1M 101.0M 101.0M 101.0M
Ordinary Shares Number 101.3M 101.1M 101.0M 101.0M 101.0M
Allowance For Doubtful Accounts Receivable -- -- -4.0M -- --
Buildings And Improvements -- -- 1.2B -- --
Capital Lease Obligations 234.0M 250.0M 253.0M 213.0M 211.0M
Current Capital Lease Obligation 69.0M 70.0M 59.0M 56.0M 53.0M
Current Provisions 25.0M 47.0M 134.0M 16.0M 18.0M
Defined Pension Benefit -- -- 48.0M -- --
Dueto Related Parties Current -- -- 14.0M -- --
Finished Goods -- -- 267.0M -- --
Gross Accounts Receivable -- -- 450.0M -- --
Income Tax Payable 3.0M 4.0M 2.0M 4.0M 4.0M
Investmentin Financial Assets 5.0M 3.0M -- -- 1.0M
Investmentsin Associatesat Cost -- -- 28.0M -- --
Investmentsin Joint Venturesat Cost -- -- 69.0M -- --
Land And Improvements -- -- 150.0M -- --
Line Of Credit 3.0M 4.0M 10.0M 7.0M 3.0M
Long Term Provisions 55.0M 54.0M 58.0M 89.0M 62.0M
Machinery Furniture Equipment -- -- 4.1B -- --
Non Current Deferred Assets 216.0M 219.0M 220.0M 192.0M 182.0M
Non Current Deferred Liabilities 136.0M 133.0M 133.0M 129.0M 136.0M
Non Current Deferred Taxes Assets 216.0M 219.0M 220.0M 192.0M 182.0M
Non Current Deferred Taxes Liabilities 136.0M 133.0M 133.0M 129.0M 136.0M
Non Current Note Receivables -- -- 33.0M -- --
Other Current Borrowings 1.0M 298.0M 183.0M 182.0M 182.0M
Other Properties -- -- 490.0M -- --
Other Receivables -- -- 23.0M -- --
Properties -- -- 0.00 -- --
Raw Materials -- -- 418.0M -- --
Taxes Receivable 5.0M 5.0M 4.0M 8.0M 7.0M
Total Tax Payable 3.0M 4.0M 2.0M 4.0M 4.0M
Treasury Shares Number -- -- -- -- 0.00
Line Item Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Operating Cash Flow 67.0M -52.0M 154.0M 102.0M 54.0M
Cash Flow From Continuing Operating Activities 67.0M -52.0M 154.0M 102.0M 54.0M
Depreciation And Amortization 72.0M 69.0M 76.0M 70.0M 69.0M
Depreciation Amortization Depletion 72.0M 69.0M 76.0M 70.0M 69.0M
Deferred Tax 3.0M 5.0M -6.0M -1.0M -1.0M
Deferred Income Tax 3.0M 5.0M -6.0M -1.0M -1.0M
Change In Working Capital -25.0M -97.0M 45.0M 26.0M -24.0M
Changes In Account Receivables -3.0M -15.0M 37.0M -4.0M -24.0M
Change In Receivables -3.0M -15.0M 37.0M -5.0M -24.0M
Change In Inventory 9.0M -49.0M -27.0M -7.0M 7.0M
Change In Payables And Accrued Expense -31.0M -33.0M 35.0M 38.0M -7.0M
Change In Payable -31.0M -33.0M 35.0M 38.0M -7.0M
Other Non Cash Items 41.0M 50.0M 41.0M 69.0M 49.0M
Capital Expenditure -44.0M -36.0M -48.0M -35.0M -60.0M
Purchase Of PPE -44.0M -36.0M -45.0M -35.0M -40.0M
Net PPE Purchase And Sale -18.0M -36.0M -29.0M -34.0M -23.0M
Sale Of Business -- -- 0.00 0.00 0.00
Investing Cash Flow -18.0M -35.0M -32.0M -34.0M -43.0M
Cash Flow From Continuing Investing Activities -18.0M -35.0M -32.0M -34.0M -43.0M
Issuance Of Debt 661.0M 304.0M -- -- 11.0M
Repayment Of Debt -677.0M -200.0M -41.0M -45.0M -16.0M
Net Issuance Payments Of Debt -17.0M 104.0M -113.0M -41.0M -4.0M
Common Stock Dividend Paid -12.0M -12.0M -12.0M -12.0M -12.0M
Financing Cash Flow -52.0M 90.0M -128.0M -57.0M -19.0M
Cash Flow From Continuing Financing Activities -52.0M 90.0M -128.0M -57.0M -19.0M
Effect Of Exchange Rate Changes 0.00 -1.0M -1.0M 0.00 0.00
Changes In Cash -3.0M 3.0M -6.0M 11.0M -8.0M
Beginning Cash Position 29.0M 27.0M 34.0M 23.0M 31.0M
End Cash Position 26.0M 29.0M 27.0M 34.0M 23.0M
Free Cash Flow 23.0M -88.0M 106.0M 67.0M -6.0M
Amortization Cash Flow -- 69.0M -- -- --
Amortization Of Intangibles -- 69.0M -- -- --
Asset Impairment Charge 23.0M -- 55.0M 7.0M 0.00
Cash Dividends Paid -12.0M -12.0M -12.0M -12.0M -12.0M
Change In Account Payable -31.0M -33.0M 35.0M 38.0M -7.0M
Change In Income Tax Payable -- -- 0.00 0.00 --
Change In Tax Payable -- -- 0.00 0.00 --
Dividend Received Cfo 7.0M 0.00 8.0M 0.00 8.0M
Earnings Losses From Equity Investments -3.0M -3.0M -5.0M -5.0M -6.0M
Gain Loss On Investment Securities 4.0M -4.0M -3.0M -- --
Interest Paid Cfo -25.0M -49.0M -22.0M -48.0M -18.0M
Long Term Debt Issuance 661.0M 268.0M -- -- 11.0M
Long Term Debt Payments -677.0M -19.0M -41.0M -45.0M -16.0M
Net Business Purchase And Sale -- -- 0.00 0.00 0.00
Net Foreign Currency Exchange Gain Loss 0.00 0.00 1.0M -1.0M 0.00
Net Income From Continuing Operations -3.0M 7.0M -13.0M 1.0M 1.0M
Net Intangibles Purchase And Sale 0.00 1.0M -3.0M 0.00 -20.0M
Net Long Term Debt Issuance -16.0M 249.0M -116.0M -45.0M -5.0M
Net Other Financing Charges -24.0M -3.0M -3.0M -4.0M -5.0M
Net Short Term Debt Issuance -1.0M -145.0M 3.0M 4.0M 1.0M
Operating Gains Losses 1.0M -7.0M -7.0M -6.0M -6.0M
Proceeds From Stock Option Exercised 1.0M 1.0M 0.00 0.00 2.0M
Provisionand Write Offof Assets -22.0M -29.0M -23.0M -15.0M -26.0M
Sale Of PPE 26.0M -- 16.0M 1.0M 17.0M
Short Term Debt Issuance -- 36.0M -- -- --
Short Term Debt Payments -- -181.0M -- -- --
Taxes Refund Paid -5.0M -2.0M 0.00 -1.0M 2.0M
Unrealized Gain Loss On Investment Securities -- 1.0M -- -- --
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