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Calfrac Well Services Ltd.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Total Revenue 323.4M 402.3M 370.1M 381.2M 430.1M
Operating Revenue 323.4M 402.3M 370.1M 381.2M 430.1M
Cost Of Revenue 289.8M 347.2M 330.6M 379.6M 385.9M
Gross Profit 33.6M 55.1M 39.5M 1.6M 44.2M
Selling General And Administration 16.7M 16.0M 15.7M 10.4M 19.4M
General And Administrative Expense -- -- 15.7M -- --
Operating Expense 16.7M 16.0M 15.7M 10.4M 19.4M
Operating Income 16.9M 39.1M 23.8M -8.8M 24.8M
EBIT 9.6M 32.2M 22.3M -13.0M 12.9M
Interest Expense 8.2M 8.5M 8.3M 9.0M 9.5M
Interest Expense Non Operating 8.2M 8.5M 8.3M 9.0M 9.5M
Interest Income 1.4M 499,000 342,000 837,000 435,000
Interest Income Non Operating 1.4M 499,000 342,000 837,000 435,000
Net Interest Income -6.8M -8.0M -7.9M -8.2M -9.1M
Other Income Expense -8.7M -7.4M -1.8M -5.0M -12.3M
Special Income Charges -125,000 -901,000 -124,000 -13.7M -6.2M
Gain On Sale Of Security -8.6M -6.5M -1.7M 8.7M -6.1M
Pretax Income 1.4M 23.7M 14.0M -22.0M 3.4M
Tax Provision -2.9M 8.4M 6.2M -15.6M 10.1M
Tax Effect Of Unusual Items -1.3M -2.6M -272,550 -749,700 -1.8M
Net Income From Continuing And Discontinued Operation 4.9M 14.8M 5.6M -5.1M -5.4M
Net Income From Continuing Operation Net Minority Interest 4.3M 15.3M 7.8M -6.4M -6.7M
Net Income Including Noncontrolling Interests 4.9M 14.8M 5.6M -5.1M -5.4M
Net Income Common Stockholders 4.9M 14.8M 5.6M -5.1M -5.4M
Net Income 4.9M 14.8M 5.6M -5.1M -5.4M
EBITDA 39.3M 64.7M 54.3M 32.0M 47.8M
Normalized EBITDA 48.0M 72.1M 56.1M 37.0M 60.1M
Reconciled Depreciation 29.7M 32.5M 31.9M 45.0M 34.8M
Basic EPS 0.06 0.17 0.07 -0.05 -0.06
Diluted EPS 0.06 0.17 0.07 -0.05 -0.06
Basic Average Shares 87.6M 88.8M 87.6M 104.6M 92.3M
Diluted Average Shares 87.6M 88.8M 87.8M 104.6M 92.3M
Total Unusual Items -8.7M -7.4M -1.8M -5.0M -12.3M
Total Unusual Items Excluding Goodwill -8.7M -7.4M -1.8M -5.0M -12.3M
Tax Rate For Calcs 0.15 0.35 0.15 0.15 0.15
Normalized Income 11.7M 20.1M 9.3M -2.2M 3.7M
Diluted NI Availto Com Stockholders 4.9M 14.8M 5.6M -5.1M -5.4M
Gain On Sale Of Ppe -125,000 -901,000 -124,000 -1.0M -6.2M
Impairment Of Capital Assets -- -- -- 12.7M 0.00
Net Income Continuous Operations 4.3M 15.3M 7.8M -6.4M -6.7M
Net Income Discontinuous Operations 622,000 -522,000 -2.2M 1.3M 1.3M
Net Non Operating Interest Income Expense -6.8M -8.0M -7.9M -8.2M -9.1M
Other Gand A -- -- 16.4M -- --
Reconciled Cost Of Revenue 289.8M 347.2M 330.6M 379.6M 385.9M
Salaries And Wages -- -- -759,000 -- --
Total Expenses 306.5M 363.1M 346.3M 390.1M 405.3M
Total Other Finance Cost -- 8.0M -- -- --
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Cash And Cash Equivalents 579,000 51.8M 15.5M 44.0M 17.7M
Cash Cash Equivalents And Short Term Investments 579,000 51.8M 15.5M 44.0M 17.7M
Accounts Receivable 304.0M 324.4M 307.0M 251.1M 338.7M
Receivables 304.0M 324.4M 307.0M 251.1M 338.7M
Inventory 114.2M 114.3M 130.6M 145.5M 152.2M
Prepaid Assets 17.6M 19.3M 21.8M 26.5M 27.8M
Current Assets 501.1M 564.3M 521.9M 512.4M 581.8M
Gross PPE 697.2M 685.9M 704.1M 3.0B 686.6M
Accumulated Depreciation -- -- -- -2.3B --
Net PPE 697.2M 685.9M 704.1M 693.4M 686.6M
Total Non Current Assets 726.2M 714.9M 733.1M 722.4M 715.6M
Total Assets 1.2B 1.3B 1.3B 1.2B 1.3B
Current Debt 310.0M 352.7M 341.1M 150.0M --
Current Debt And Capital Lease Obligation 318.4M 360.7M 350.9M 159.5M 9.4M
Accounts Payable 150.9M 176.3M 160.1M 174.0M 202.6M
Payables 169.8M 200.4M 183.4M 183.7M 219.9M
Payables And Accrued Expenses 169.8M 200.4M 183.4M 183.7M 219.9M
Other Current Liabilities 50.9M 40.7M 32.7M 30.9M 31.9M
Current Liabilities 539.1M 601.8M 567.0M 374.2M 261.2M
Long Term Debt -- -- -- 170.9M 350.0M
Long Term Debt And Capital Lease Obligation 11.8M 12.3M 13.2M 184.9M 362.7M
Long Term Capital Lease Obligation 11.8M 12.3M 13.2M 13.9M 12.7M
Total Non Current Liabilities Net Minority Interest 20.4M 21.6M 27.7M 207.4M 392.5M
Total Liabilities Net Minority Interest 559.4M 623.4M 594.7M 581.5M 653.7M
Common Stock 911.9M 911.9M 911.9M 911.8M 911.4M
Capital Stock 911.9M 911.9M 911.9M 911.8M 911.4M
Additional Paid In Capital 76.2M 76.2M 76.2M 77.2M 84.1M
Retained Earnings -354.2M -359.1M -373.9M -379.5M -374.4M
Gains Losses Not Affecting Retained Earnings 34.0M 26.8M 46.0M 43.9M 22.7M
Other Equity Adjustments 34.0M 26.8M 46.0M 43.9M 22.7M
Common Stock Equity 667.9M 655.8M 660.3M 653.3M 643.8M
Stockholders Equity 667.9M 655.8M 660.3M 653.3M 643.8M
Total Equity Gross Minority Interest 667.9M 655.8M 660.3M 653.3M 643.8M
Total Capitalization 667.9M 655.8M 660.3M 824.2M 993.7M
Net Tangible Assets 667.9M 655.8M 660.3M 653.3M 643.8M
Tangible Book Value 667.9M 655.8M 660.3M 653.3M 643.8M
Working Capital -37.9M -37.5M -45.2M 138.3M 320.6M
Invested Capital 977.9M 1.0B 1.0B 974.2M 993.7M
Total Debt 330.2M 373.1M 364.1M 344.4M 372.1M
Net Debt 309.5M 300.9M 325.6M 276.9M 332.3M
Share Issued 87.6M 87.6M 87.6M 87.6M 87.5M
Ordinary Shares Number 87.6M 87.6M 87.6M 87.6M 87.5M
Allowance For Doubtful Accounts Receivable -1.9M -1.9M -1.3M -1.3M --
Assets Held For Sale Current 64.8M 54.3M 47.1M 45.3M 45.4M
Buildings And Improvements 5.4M 4.6M 5.7M 122.1M 5.5M
Capital Lease Obligations 20.2M 20.4M 23.0M 23.5M 22.1M
Construction In Progress -- -- -- 81.4M --
Current Capital Lease Obligation 8.3M 8.1M 9.8M 9.5M 9.4M
Gross Accounts Receivable 305.8M 326.2M 308.3M 252.4M --
Hedging Assets Current -- 193,000 -- -- --
Income Tax Payable 18.9M 24.1M 23.3M 9.7M 17.3M
Land And Improvements -- -- -- 38.2M --
Leases -- -- -- 8.8M --
Machinery Furniture Equipment -- -- -- 49.3M --
Non Current Deferred Assets 29.0M 29.0M 29.0M 29.0M 29.0M
Non Current Deferred Liabilities 8.5M 9.3M 14.5M 22.5M 29.8M
Non Current Deferred Taxes Assets 29.0M 29.0M 29.0M 29.0M 29.0M
Non Current Deferred Taxes Liabilities 8.5M 9.3M 14.5M 22.5M 29.8M
Other Current Borrowings 310.0M 352.7M 341.1M 150.0M --
Other Inventories -- -- -- 20,000 --
Other Properties 691.8M 681.4M 698.4M 2.7B 681.1M
Properties 0.00 0.00 0.00 0.00 0.00
Raw Materials -- -- -- 145.5M --
Taxes Receivable -- -- -- 0.00 0.00
Total Tax Payable 18.9M 24.1M 23.3M 9.7M 17.3M
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Operating Cash Flow 46.2M 74.8M 3.2M 84.5M 23.9M
Cash Flow From Continuing Operating Activities 30.1M 73.5M -7.0M 84.5M 16.5M
Depreciation And Amortization 29.7M 32.5M 31.9M 45.0M 34.8M
Depreciation Amortization Depletion 29.7M 32.5M 31.9M 45.0M 34.8M
Stock Based Compensation 0.00 0.00 -925,000 -6.7M 1.3M
Deferred Tax -920,000 -4.6M -8.0M -9.2M -603,000
Deferred Income Tax -920,000 -4.6M -8.0M -9.2M -603,000
Change In Working Capital -4.9M 16.5M -35.0M 45.3M -18.7M
Changes In Account Receivables 20.4M -17.4M -55.8M 79.4M -29.4M
Change In Receivables 15.2M -16.7M -42.2M 71.2M -19.4M
Change In Inventory 105,000 16.3M 14.9M 4.5M -21.5M
Change In Payables And Accrued Expense -21.9M 14.4M -12.4M -31.0M 22.9M
Other Non Cash Items 6.8M 8.0M 7.9M 8.0M 9.1M
Capital Expenditure -31.8M -43.3M -38.5M -35.8M -27.8M
Purchase Of PPE -31.8M -43.3M -38.5M -35.8M -27.8M
Net PPE Purchase And Sale -29.2M -41.4M -36.7M -34.6M -24.7M
Investing Cash Flow -30.4M -46.2M -38.2M -34.6M -25.3M
Cash Flow From Continuing Investing Activities -29.2M -41.4M -36.7M -34.6M -24.7M
Issuance Of Debt 18.6M 20.0M 30.0M 0.00 15.0M
Repayment Of Debt -67.1M -2.6M -13.2M -42.9M -28.0M
Net Issuance Payments Of Debt -48.4M 17.4M 16.8M -42.9M -13.1M
Financing Cash Flow -48.4M 17.4M 16.8M -42.6M -13.1M
Cash Flow From Continuing Financing Activities -48.4M 17.4M 16.8M -42.6M -13.1M
Effect Of Exchange Rate Changes -4.0M -13.4M 550,000 11.6M -6.4M
Changes In Cash -32.7M 46.0M -18.2M 7.3M -14.4M
Beginning Cash Position 65.7M 33.1M 50.8M 31.9M 52.7M
End Cash Position 29.1M 65.7M 33.1M 50.8M 31.9M
Free Cash Flow 14.4M 31.5M -35.3M 48.7M -3.9M
Asset Impairment Charge -- -- -- 17.0M 7.9M
Cash From Discontinued Financing Activities 0.00 0.00 0.00 -- 0.00
Cash From Discontinued Investing Activities -1.2M -4.8M -1.5M -- -590,000
Cash From Discontinued Operating Activities 16.1M 1.2M 10.2M -- 7.4M
Change In Prepaid Assets 1.7M 2.5M 4.7M 547,000 -764,000
Depreciation 29.7M 32.5M 31.9M 45.0M 34.8M
Gain Loss On Investment Securities 233,000 -193,000 -- -- --
Gain Loss On Sale Of PPE 125,000 901,000 124,000 1.0M 6.2M
Interest Paid Cfo -10.8M -3.4M -12.7M -3.2M -13.4M
Long Term Debt Issuance 18.6M 20.0M 30.0M 0.00 15.0M
Long Term Debt Payments -67.1M -2.6M -13.2M -42.9M -28.0M
Net Foreign Currency Exchange Gain Loss 5.6M 8.6M 1.8M -7.5M 4.5M
Net Income From Continuing Operations 4.3M 15.3M 7.8M -5.1M -6.7M
Net Long Term Debt Issuance -48.4M 17.4M 16.8M -42.9M -13.1M
Operating Gains Losses 6.0M 9.3M 2.0M -6.5M 10.7M
Proceeds From Stock Option Exercised 0.00 0.00 71,000 259,000 0.00
Sale Of PPE 2.5M 1.9M 1.8M 1.2M 3.1M
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