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Canfor Pulp Products 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 798.6M 875.5M 1.1B 1.1B
Operating Revenue 798.6M 875.5M 1.1B 1.1B
Cost Of Revenue 633.6M 777.7M 866.8M 862.1M
Gross Profit 165.0M 97.8M 218.8M 282.8M
Selling General And Administration 121.7M 140.3M 169.5M 166.0M
General And Administrative Expense 26.0M 27.6M 29.0M 28.3M
Depreciation And Amortization In Income Statement 58.8M 85.0M 97.8M 87.3M
Operating Expense 180.5M 225.3M 267.3M 253.3M
Operating Income -15.5M -127.5M -48.5M 29.5M
EBIT -207.2M -119.9M -101.3M -56.2M
Interest Expense 14.6M 12.6M 7.0M 4.8M
Interest Expense Non Operating 14.6M 12.6M 7.0M 4.8M
Interest Income 900,000 500,000 300,000 100,000
Interest Income Non Operating 900,000 500,000 300,000 100,000
Net Interest Income -14.3M -13.2M -7.3M -5.0M
Other Income Expense -192.0M 8.2M -52.5M -85.5M
Other Non Operating Income Expenses 19.0M 8.2M 5.0M 9.5M
Special Income Charges -211.0M 0.00 -57.5M -95.0M
Restructuring And Mergern Acquisition -- 3.2M 7.9M 0.00
Write Off 4.1M 0.00 -- --
Pretax Income -221.8M -132.5M -108.3M -61.0M
Tax Provision -59.9M -36.4M -29.2M -16.6M
Tax Effect Of Unusual Items -57.0M 0.00 -15.5M -25.9M
Net Income From Continuing And Discontinued Operation -161.9M -96.1M -79.1M -44.4M
Net Income From Continuing Operation Net Minority Interest -161.9M -96.1M -79.1M -44.4M
Net Income Including Noncontrolling Interests -161.9M -96.1M -79.1M -44.4M
Net Income Common Stockholders -161.9M -96.1M -79.1M -44.4M
Net Income -161.9M -96.1M -79.1M -44.4M
EBITDA -148.4M -34.9M -3.5M 31.1M
Normalized EBITDA 62.6M -34.9M 54.0M 126.1M
Reconciled Depreciation 58.8M 85.0M 97.8M 87.3M
Basic EPS -2.49 -1.47 -1.21 -0.68
Diluted EPS -2.49 -1.47 -1.21 -0.68
Basic Average Shares 65.0M 65.2M 65.2M 65.2M
Diluted Average Shares 65.0M 65.2M 65.2M 65.2M
Total Unusual Items -211.0M 0.00 -57.5M -95.0M
Total Unusual Items Excluding Goodwill -211.0M 0.00 -57.5M -95.0M
Tax Rate For Calcs 0.27 0.27 0.27 0.27
Normalized Income -7.9M -96.1M -37.1M 24.7M
Amortization 58.8M 85.0M 97.8M 87.3M
Amortization Of Intangibles Income Statement 58.8M 85.0M 97.8M 87.3M
Depreciation Amortization Depletion Income Statement 58.8M 85.0M 97.8M 87.3M
Diluted NI Availto Com Stockholders -161.9M -96.1M -79.1M -44.4M
Impairment Of Capital Assets 206.9M 0.00 49.6M 95.0M
Net Income Continuous Operations -161.9M -96.1M -79.1M -44.4M
Net Non Operating Interest Income Expense -14.3M -13.2M -7.3M -5.0M
Other Gand A 26.0M 27.6M 29.0M 28.3M
Reconciled Cost Of Revenue 633.6M 777.7M 866.8M 862.1M
Selling And Marketing Expense 121.7M 140.3M 169.5M 166.0M
Total Expenses 814.1M 1.0B 1.1B 1.1B
Total Operating Income As Reported -226.5M -127.5M -106.0M -65.5M
Total Other Finance Cost 600,000 1.1M 600,000 300,000
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 15.3M 21.1M 14.7M 73.3M
Cash Cash Equivalents And Short Term Investments 15.3M 21.1M 14.7M 73.3M
Accounts Receivable 30.1M 47.8M 82.4M 66.7M
Receivables 37.7M 54.3M 89.9M 76.2M
Inventory 155.5M 165.9M 183.2M 211.8M
Prepaid Assets -- -- 26.6M 10.8M
Other Current Assets 7.6M 10.2M 26.6M --
Current Assets 216.1M 251.5M 314.4M 372.1M
Gross PPE 1.9B 2.0B 2.0B 466.9M
Accumulated Depreciation -1.7B -1.5B -1.5B -1.4B
Net PPE 186.4M 409.9M 420.0M 466.9M
Goodwill And Other Intangible Assets 4.5M 7.6M 13.2M 16.6M
Other Non Current Assets 5.7M 6.4M 8.4M 2.7M
Total Non Current Assets 236.8M 424.3M 441.6M 469.6M
Total Assets 452.9M 675.8M 756.0M 841.7M
Current Debt 98.0M 107.0M 15.0M --
Current Debt And Capital Lease Obligation 98.7M 107.8M 15.9M 800,000
Accounts Payable 98.1M 127.7M 110.5M 103.4M
Payables 98.1M 127.7M 110.5M 106.5M
Payables And Accrued Expenses 129.5M 159.7M 150.1M 150.1M
Current Accrued Expenses 31.4M 32.0M 39.6M 43.6M
Current Liabilities 228.2M 267.5M 166.0M 150.9M
Long Term Debt -- -- 50.0M 50.0M
Long Term Debt And Capital Lease Obligation 1.2M 1.4M 51.9M 52.1M
Long Term Capital Lease Obligation 1.2M 1.4M 1.9M 2.1M
Total Non Current Liabilities Net Minority Interest 48.7M 71.2M 162.6M 195.8M
Total Liabilities Net Minority Interest 276.9M 338.7M 328.6M 346.7M
Common Stock 480.8M 480.8M 480.8M 480.8M
Capital Stock 480.8M 480.8M 480.8M 480.8M
Retained Earnings -304.8M -143.7M -53.4M 14.2M
Common Stock Equity 176.0M 337.1M 427.4M 495.0M
Stockholders Equity 176.0M 337.1M 427.4M 495.0M
Total Equity Gross Minority Interest 176.0M 337.1M 427.4M 495.0M
Total Capitalization 176.0M 337.1M 477.4M 545.0M
Net Tangible Assets 171.5M 329.5M 414.2M 495.0M
Tangible Book Value 171.5M 329.5M 414.2M 495.0M
Working Capital -12.1M -16.0M 148.4M 221.2M
Invested Capital 274.0M 444.1M 492.4M 545.0M
Total Debt 99.9M 109.2M 67.8M 52.9M
Net Debt 82.7M 85.9M 50.3M --
Share Issued 65.2M 65.2M 65.2M 65.2M
Ordinary Shares Number 65.2M 65.2M 65.2M 65.2M
Buildings And Improvements 1.8B 1.8B 1.8B 1.7B
Capital Lease Obligations 1.9M 2.2M 2.8M 2.9M
Construction In Progress 2.3M 21.2M 19.8M 13.0M
Current Capital Lease Obligation 700,000 800,000 900,000 800,000
Employee Benefits 39.8M 39.0M 48.4M 62.9M
Finished Goods 31.4M 31.2M 29.6M 22.5M
Income Tax Payable -- -- 0.00 3.1M
Land And Improvements 5.4M 5.6M 5.6M 5.6M
Line Of Credit 98.0M 107.0M 15.0M 0.00
Long Term Provisions 7.7M 10.2M 6.9M 7.0M
Machinery Furniture Equipment 9.4M 9.2M 9.1M 9.1M
Non Current Deferred Assets 40.2M 400,000 -- --
Non Current Deferred Liabilities 0.00 20.6M 55.4M 73.8M
Non Current Deferred Taxes Assets 40.2M 400,000 -- --
Non Current Deferred Taxes Liabilities 0.00 20.6M 55.4M 73.8M
Non Current Pension And Other Postretirement Benefit Plans 39.8M 39.0M 48.4M 62.9M
Other Properties 140.8M 136.9M 159.7M 466.9M
Other Receivables 7.6M 6.3M 5.2M 9.5M
Properties 0.00 0.00 0.00 0.00
Raw Materials 124.1M 134.7M 153.6M 189.3M
Taxes Receivable 0.00 200,000 2.3M 0.00
Total Tax Payable -- -- 0.00 3.1M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 58.4M 36.3M 45.3M 148.9M
Cash Flow From Continuing Operating Activities 58.4M 36.3M 45.3M 148.9M
Depreciation And Amortization 58.8M 85.0M 97.8M 87.3M
Depreciation Amortization Depletion 58.8M 85.0M 97.8M 87.3M
Deferred Tax -59.9M -36.4M -29.2M -16.6M
Deferred Income Tax -59.9M -36.4M -29.2M -16.6M
Change In Working Capital -4.7M 67.3M -4.0M -3.9M
Changes In Account Receivables 16.4M 33.5M -11.4M 1.6M
Change In Receivables 16.4M 33.5M -11.4M 1.6M
Change In Inventory 6.2M 7.4M 28.6M -23.3M
Change In Payables And Accrued Expense -29.9M 10.7M -6.4M 8.9M
Change In Payable -- -- -- 8.9M
Other Non Cash Items 12.9M 12.8M 10.2M 1.9M
Capital Expenditure -50.8M -60.5M -112.6M -78.7M
Purchase Of PPE -50.8M -60.5M -112.6M -78.7M
Net PPE Purchase And Sale -50.8M -60.5M -112.6M -78.7M
Sale Of Business 6.9M 0.00 -- --
Investing Cash Flow -41.9M -59.8M -112.2M -78.1M
Cash Flow From Continuing Investing Activities -41.9M -59.8M -112.2M -78.1M
Issuance Of Debt -- 92.0M 15.0M 0.00
Repayment Of Debt -9.6M -50.7M -900,000 -1.1M
Net Issuance Payments Of Debt -9.6M 41.3M 14.1M -1.1M
Financing Cash Flow -22.3M 29.9M 8.3M -4.3M
Cash Flow From Continuing Financing Activities -22.3M 29.9M 8.3M -4.3M
Changes In Cash -5.8M 6.4M -58.6M 66.5M
Beginning Cash Position 21.1M 14.7M 73.3M 6.8M
End Cash Position 15.3M 21.1M 14.7M 73.3M
Free Cash Flow 7.6M -24.2M -67.3M 70.2M
Amortization Cash Flow 58.8M 85.0M 97.8M 87.3M
Amortization Of Intangibles 58.8M 85.0M 97.8M 87.3M
Asset Impairment Charge 211.0M 0.00 49.6M 95.0M
Cash Dividends Paid 0.00 0.00 0.00 --
Change In Account Payable -- -- -- 8.9M
Change In Prepaid Assets 2.6M 15.7M -14.8M 8.9M
Interest Paid Cff -12.7M -11.4M -5.8M --
Long Term Debt Issuance -- -- 15.0M 0.00
Long Term Debt Payments -600,000 -50.7M -900,000 -1.1M
Net Business Purchase And Sale 6.9M 0.00 -- --
Net Income From Continuing Operations -161.9M -96.1M -79.1M -44.4M
Net Long Term Debt Issuance -600,000 -50.7M -900,000 -1.1M
Net Other Financing Charges -- -- -5.8M -3.2M
Net Other Investing Changes 2.0M 700,000 400,000 600,000
Net Short Term Debt Issuance -9.0M 92.0M 15.0M --
Operating Gains Losses 2.5M 2.1M 3.6M 3.6M
Pension And Employee Benefit Expense 2.5M 2.1M 3.6M 3.6M
Short Term Debt Issuance -- 92.0M 15.0M --
Short Term Debt Payments -9.0M -- -- --
Taxes Refund Paid -300,000 1.6M -3.6M 26.0M
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