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Conifex Timber 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 127.7M 141.2M 231.3M 250.5M
Operating Revenue 127.7M 141.2M 231.3M 250.5M
Cost Of Revenue 123.9M 147.0M 165.7M 178.1M
Gross Profit 3.8M -5.8M 65.5M 72.4M
Selling General And Administration 28.9M 31.9M 37.2M 33.2M
General And Administrative Expense 6.3M 7.5M 8.5M 7.4M
Depreciation And Amortization In Income Statement 771,300 995,800 891,000 757,400
Operating Expense 29.7M 32.9M 38.1M 34.0M
Operating Income -25.9M -38.7M 27.5M 38.5M
EBIT -26.3M -37.8M 38.0M 40.7M
Interest Expense 6.5M 4.7M 4.0M 4.3M
Interest Expense Non Operating 6.5M 4.7M 4.0M 4.3M
Net Interest Income -8.0M -5.0M -4.3M -4.6M
Other Income Expense 1.1M 1.2M 10.8M 2.5M
Other Non Operating Income Expenses 68,400 30,400 4,000 31,300
Special Income Charges 3.1M 1.7M 9.7M 3.5M
Restructuring And Mergern Acquisition -- -- 0.00 31,700
Gain On Sale Of Security -2.1M -461,500 1.2M -982,300
Pretax Income -32.7M -42.5M 34.0M 36.4M
Tax Provision -3.0M -11.9M 9.5M 9.2M
Tax Effect Of Unusual Items 94,037 335,359 3.0M 627,663
Net Income From Continuing And Discontinued Operation -29.8M -30.6M 24.5M 27.2M
Net Income From Continuing Operation Net Minority Interest -29.8M -30.6M 24.5M 27.2M
Net Income Including Noncontrolling Interests -29.8M -30.6M 24.5M 27.2M
Net Income Common Stockholders -29.8M -30.6M 24.5M 27.2M
Net Income -29.8M -30.6M 24.5M 27.2M
EBITDA -15.1M -26.1M 46.4M 51.5M
Normalized EBITDA -16.2M -27.3M 35.6M 49.0M
Reconciled Depreciation 11.2M 11.7M 8.4M 10.8M
Basic EPS -0.73 -0.77 0.61 0.60
Diluted EPS -0.73 -0.77 0.61 0.60
Basic Average Shares 40.6M 40.0M 40.1M 45.2M
Diluted Average Shares 44.2M 40.0M 40.1M 45.2M
Total Unusual Items 1.0M 1.2M 10.8M 2.5M
Total Unusual Items Excluding Goodwill 1.0M 1.2M 10.8M 2.5M
Tax Rate For Calcs 0.09 0.28 0.28 0.25
Normalized Income -30.7M -31.5M 16.7M 25.3M
Depreciation Amortization Depletion Income Statement 771,300 995,800 891,000 757,400
Diluted NI Availto Com Stockholders -29.8M -30.6M 24.5M 27.2M
Gain On Sale Of Ppe 131,100 -499,900 14,300 40,000
Net Income Continuous Operations -29.8M -30.6M 24.5M 27.2M
Net Income Discontinuous Operations 0.00 0.00 -- 0.00
Net Non Operating Interest Income Expense -8.0M -5.0M -4.3M -4.6M
Other Gand A 3.7M 4.0M 4.0M 4.2M
Other Special Charges -3.0M -2.2M -9.6M -3.5M
Reconciled Cost Of Revenue 113.5M 136.2M 158.2M 168.1M
Salaries And Wages 2.6M 3.5M 4.4M 3.2M
Selling And Marketing Expense 22.6M 24.4M 28.7M 25.9M
Total Expenses 153.6M 179.9M 203.8M 212.1M
Total Operating Income As Reported -25.9M -38.7M 27.5M 38.4M
Total Other Finance Cost 1.5M 303,300 292,600 276,900
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 3.6M 4.2M 8.4M 6.4M
Cash Cash Equivalents And Short Term Investments 3.6M 4.2M 8.4M 6.4M
Cash Financial 3.6M 4.2M 8.4M 6.4M
Accounts Receivable 7.4M 7.2M 10.4M 8.8M
Receivables 7.4M 7.2M 10.4M 8.8M
Inventory 14.4M 23.0M 49.2M 40.3M
Prepaid Assets 15.7M 17.2M 18.5M 15.8M
Other Current Assets -200.00 -- -- --
Current Assets 45.2M 57.1M 93.3M 77.7M
Gross PPE 230.1M 226.2M 222.0M 209.5M
Accumulated Depreciation -112.6M -103.1M -92.1M -84.1M
Net PPE 117.5M 123.1M 129.9M 125.4M
Goodwill 1.9M 1.9M 1.9M 1.9M
Goodwill And Other Intangible Assets 5.0M 4.9M 5.0M 5.0M
Other Intangible Assets 3.2M 3.0M 3.1M 3.1M
Investments And Advances 16.2M 19.9M 20.0M 20.0M
Long Term Equity Investment 16.2M 19.9M 20.0M 20.0M
Other Non Current Assets 2.2M 2.2M 2.2M 2.2M
Total Non Current Assets 158.7M 161.9M 164.0M 153.7M
Total Assets 203.9M 219.0M 257.3M 231.5M
Current Debt 6.2M 15.4M 10.2M 3.5M
Current Debt And Capital Lease Obligation 7.0M 16.3M 11.2M 4.6M
Payables And Accrued Expenses 19.8M 19.1M 17.2M 18.8M
Other Current Liabilities -100.00 -- -- --
Current Liabilities 29.7M 39.3M 34.2M 30.4M
Long Term Debt 67.8M 46.4M 50.1M 53.7M
Long Term Debt And Capital Lease Obligation 70.3M 47.6M 51.6M 54.8M
Long Term Capital Lease Obligation 2.5M 1.2M 1.4M 1.1M
Other Non Current Liabilities 685,400 810,800 83,700 472,200
Total Non Current Liabilities Net Minority Interest 88.3M 64.2M 76.8M 71.2M
Total Liabilities Net Minority Interest 118.0M 103.5M 111.0M 101.6M
Common Stock 246.4M 246.3M 245.6M 248.3M
Capital Stock 246.4M 246.3M 245.6M 248.3M
Additional Paid In Capital 45.5M 45.5M 46.3M 43.6M
Retained Earnings -206.6M -176.8M -146.2M -162.6M
Gains Losses Not Affecting Retained Earnings 570,700 566,100 567,400 563,700
Other Equity Adjustments 570,700 566,100 567,400 563,700
Common Stock Equity 85.8M 115.5M 146.3M 129.8M
Stockholders Equity 85.8M 115.5M 146.3M 129.8M
Total Equity Gross Minority Interest 85.8M 115.5M 146.3M 129.8M
Total Capitalization 153.7M 161.9M 196.4M 183.5M
Net Tangible Assets 80.8M 110.6M 141.3M 124.8M
Tangible Book Value 80.8M 110.6M 141.3M 124.8M
Working Capital 15.5M 17.7M 59.1M 47.3M
Invested Capital 159.9M 177.3M 206.6M 187.0M
Total Debt 77.3M 63.8M 62.8M 59.4M
Net Debt 70.4M 57.6M 51.9M 50.8M
Share Issued 40.8M 40.4M 39.8M 40.1M
Ordinary Shares Number 40.8M 40.4M 39.8M 40.1M
Buildings And Improvements 218.3M 216.1M 209.7M 201.1M
Capital Lease Obligations 3.2M 2.1M 2.5M 2.2M
Construction In Progress 3.5M 3.6M 6.0M 2.2M
Current Capital Lease Obligation 774,900 859,400 1.0M 1.1M
Current Provisions 2.2M 3.4M 4.1M 4.9M
Finished Goods 4.9M 7.0M 9.3M 15.3M
Investmentsin Joint Venturesat Cost 16.2M 19.9M 20.0M 20.0M
Land And Improvements 2.9M 2.9M 2.9M 2.9M
Line Of Credit 0.00 11.5M 6.5M 0.00
Long Term Provisions 10.8M 8.6M 8.5M 7.6M
Non Current Accounts Receivable 11.1M 8.3M 6.2M --
Non Current Deferred Assets 6.0M 3.0M 0.00 628,500
Non Current Deferred Liabilities 6.5M 7.1M 16.7M 8.4M
Non Current Deferred Revenue 6.5M 7.1M 7.8M 8.4M
Non Current Deferred Taxes Assets 6.0M 3.0M 0.00 628,500
Non Current Deferred Taxes Liabilities -- 0.00 8.9M 0.00
Non Current Prepaid Assets 646,200 471,300 669,100 442,800
Other Current Borrowings 6.2M 3.9M 3.7M 3.5M
Other Properties 5.4M 3.6M 3.4M 3.2M
Pensionand Other Post Retirement Benefit Plans Current 638,800 614,800 1.7M 2.1M
Properties 0.00 0.00 0.00 0.00
Raw Materials 9.5M 16.0M 40.0M 25.0M
Restricted Cash 4.0M 5.5M 6.8M 6.5M
Treasury Shares Number -- 0.00 -- --
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow -6.6M 3.6M 24.8M 26.7M
Cash Flow From Continuing Operating Activities -6.6M 3.6M 24.8M 26.7M
Depreciation And Amortization 11.2M 11.7M 8.4M 10.8M
Depreciation Amortization Depletion 11.2M 11.7M 8.4M 10.8M
Stock Based Compensation 126,400 -90,000 745,600 527,900
Deferred Tax -3.0M -11.9M 9.5M 9.2M
Deferred Income Tax -3.0M -11.9M 9.5M 9.2M
Change In Working Capital 7.2M 30.1M -21.1M -26.5M
Change In Receivables -209,000 3.2M -1.6M 1.6M
Change In Inventory 8.6M 26.2M -8.9M -27.4M
Change In Payables And Accrued Expense 654,300 2.6M -1.9M 3.9M
Change In Other Current Liabilities 8,400 -1.1M 516,700 524,600
Other Non Cash Items 4.0M 3.9M 2.8M 5.5M
Capital Expenditure -4.1M -6.6M -13.5M -6.4M
Purchase Of PPE -4.1M -6.6M -13.5M -6.4M
Net PPE Purchase And Sale -4.1M -6.6M -13.5M -6.4M
Investing Cash Flow -4.1M -5.2M -12.8M -5.8M
Cash Flow From Continuing Investing Activities -4.1M -5.2M -12.8M -5.8M
Issuance Of Debt 26.6M 5.0M 6.5M 0.00
Repayment Of Debt -12.9M -4.1M -3.5M -3.3M
Net Issuance Payments Of Debt 13.7M 883,400 3.2M -4.2M
Repurchase Of Capital Stock 0.00 -44,200 -767,900 -14.3M
Net Common Stock Issuance 0.00 -44,200 -767,900 -14.3M
Common Stock Dividend Paid -- 0.00 -8.0M 0.00
Common Stock Payments 0.00 -44,200 -767,900 -14.3M
Financing Cash Flow 10.1M -2.7M -9.9M -25.7M
Cash Flow From Continuing Financing Activities 10.1M -2.7M -9.9M -25.7M
Effect Of Exchange Rate Changes 4,600 -1,300 3,700 -300.00
Changes In Cash -550,700 -4.2M 2.1M -4.8M
Beginning Cash Position 4.2M 8.4M 6.4M 11.2M
End Cash Position 3.6M 4.2M 8.4M 6.4M
Free Cash Flow -10.7M -3.0M 11.3M 20.3M
Amortization Cash Flow 115,000 97,300 117,800 --
Amortization Of Intangibles 115,000 97,300 117,800 --
Cash Dividends Paid 0.00 0.00 -8.0M 0.00
Change In Prepaid Assets -1.8M -783,200 -9.2M -5.1M
Depreciation 11.0M 11.6M 8.3M --
Earnings Losses From Equity Investments 3.7M 14,000 14,000 14,000
Interest Paid Cff -6.4M -4.7M -4.0M -4.3M
Long Term Debt Issuance 26.6M 5.0M 6.5M 0.00
Long Term Debt Payments -12.9M -4.1M -3.5M -3.3M
Net Income From Continuing Operations -29.8M -30.6M 24.5M 27.2M
Net Long Term Debt Issuance 13.7M 883,400 3.2M -4.2M
Net Other Financing Charges 2.8M 1.2M -341,900 -2.9M
Net Other Investing Changes -- 1.4M 717,300 594,000
Operating Gains Losses 3.6M 513,900 -300.00 -26,000
Provisionand Write Offof Assets -- -- -- 1.5M
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