Medical Facilities Corporation
Financial Statements (IFRS) · Amounts in CAD
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 | 331.5M | 339.6M | 424.6M | 398.6M |
| Operating Revenue | 331.5M | 339.6M | 424.6M | 398.6M |
| Cost Of Revenue | 111.6M | 120.4M | 143.9M | 130.0M |
| Gross Profit | 219.9M | 219.2M | 280.6M | 268.6M |
| Selling General And Administration | 151.1M | 151.7M | 198.2M | 177.6M |
| General And Administrative Expense | 151.1M | 151.7M | 198.2M | 177.6M |
| Depreciation And Amortization In Income Statement | 16.8M | 18.3M | 20.8M | 26.8M |
| Other Operating Expenses | -12.0M | -- | 10.2M | -13.1M |
| Operating Expense | 156.0M | 170.0M | 229.1M | 191.2M |
| Operating Income | 63.9M | 49.2M | 51.5M | 77.4M |
| EBIT | 63.2M | 50.9M | 30.4M | 76.6M |
| Interest Expense | 12.1M | 16.0M | 12.9M | 25.7M |
| Interest Expense Non Operating | 12.1M | 16.0M | 12.9M | 25.7M |
| Interest Income | 1.9M | 717,000 | 8.5M | 76,000 |
| Interest Income Non Operating | 1.9M | 717,000 | 8.5M | 76,000 |
| Net Interest Income | -10.5M | -15.6M | -4.9M | -26.3M |
| Other Income Expense | -2.3M | 1.3M | -29.1M | -159,000 |
| Other Non Operating Income Expenses | -- | -786,000 | -12.0M | -11.5M |
| Special Income Charges | -2.3M | 1.7M | -28.5M | 0.00 |
| Write Off | 0.00 | 786,000 | 12.0M | 0.00 |
| Gain On Sale Of Security | -59,000 | -34,000 | -3,000 | -34,000 |
| Earnings From Equity Interest | 0.00 | -320,000 | -574,000 | -125,000 |
| Pretax Income | 51.1M | 34.9M | 17.5M | 50.9M |
| Tax Provision | -5.7M | 6.1M | 5.2M | 4.4M |
| Tax Effect Of Unusual Items | -348,600 | 289,564 | -8.5M | -2,937 |
| Net Income From Continuing And Discontinued Operation | 73.5M | 18.5M | -4.4M | 15.5M |
| Net Income From Continuing Operation Net Minority Interest | 24.7M | 3.4M | -4.4M | 15.5M |
| Net Income Including Noncontrolling Interests | 105.6M | 44.0M | 12.3M | 46.5M |
| Minority Interests | -32.1M | -25.5M | -16.7M | -31.0M |
| Net Income Common Stockholders | 73.5M | 18.5M | -4.4M | 15.5M |
| Net Income | 73.5M | 18.5M | -4.4M | 15.5M |
| EBITDA | 82.6M | 72.4M | 51.2M | 103.4M |
| Normalized EBITDA | 84.9M | 70.8M | 79.7M | 103.4M |
| Reconciled Depreciation | 19.4M | 21.5M | 20.8M | 26.8M |
| Basic EPS | 3.06 | 0.73 | -0.15 | 0.50 |
| Diluted EPS | 3.06 | 0.73 | -0.15 | 0.50 |
| Basic Average Shares | 24.0M | 25.3M | 29.4M | 31.1M |
| Diluted Average Shares | 24.0M | 25.3M | 29.4M | 31.1M |
| Total Unusual Items | -2.3M | 1.7M | -28.5M | -34,000 |
| Total Unusual Items Excluding Goodwill | -2.3M | 1.7M | -28.5M | -34,000 |
| Tax Rate For Calcs | 0.15 | 0.17 | 0.30 | 0.09 |
| Normalized Income | 26.7M | 2.0M | 15.6M | 15.5M |
| Amortization | 540,000 | 1.3M | 638,000 | 7.2M |
| Amortization Of Intangibles Income Statement | 540,000 | 1.3M | 638,000 | 7.2M |
| Average Dilution Earnings | 0.00 | 0.00 | 0.00 | -- |
| Depreciation Amortization Depletion Income Statement | 16.8M | 18.3M | 20.8M | 26.8M |
| Depreciation Income Statement | 16.3M | 17.0M | 20.1M | 19.5M |
| Diluted NI Availto Com Stockholders | 73.5M | 18.5M | -4.4M | 15.5M |
| Gain On Sale Of Business | 0.00 | 2.5M | 0.00 | -- |
| Impairment Of Capital Assets | 2.3M | 0.00 | 16.5M | 0.00 |
| Net Income Continuous Operations | 56.8M | 28.8M | 12.3M | 46.5M |
| Net Income Discontinuous Operations | 48.8M | 15.2M | -- | 0.00 |
| Net Non Operating Interest Income Expense | -10.5M | -15.6M | -4.9M | -26.3M |
| Other Gand A | 60.7M | 62.8M | 70.9M | 57.7M |
| Reconciled Cost Of Revenue | 109.1M | 117.1M | 143.9M | 130.0M |
| Salaries And Wages | 90.5M | 88.9M | 127.4M | 119.9M |
| Total Expenses | 267.6M | 290.4M | 373.1M | 321.3M |
| Total Operating Income As Reported | 61.6M | 49.2M | 34.9M | 77.4M |
| Total Other Finance Cost | 244,000 | 346,000 | 526,000 | 646,000 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 108.5M | 24.1M | 34.9M | 61.0M |
| Cash Cash Equivalents And Short Term Investments | 108.5M | 24.1M | 34.9M | 61.0M |
| Accounts Receivable | 45.5M | 61.8M | 64.0M | 61.4M |
| Receivables | 51.0M | 69.6M | 64.6M | 67.5M |
| Inventory | 5.8M | 9.0M | 9.2M | 10.6M |
| Prepaid Assets | -- | -- | 10.5M | 9.7M |
| Other Current Assets | -- | 7.1M | 10.5M | 9.7M |
| Current Assets | 165.3M | 102.8M | 119.3M | 148.9M |
| Gross PPE | 136.3M | 220.0M | 226.7M | 225.3M |
| Accumulated Depreciation | -53.3M | -99.8M | -102.0M | -92.5M |
| Net PPE | 83.0M | 120.2M | 124.7M | 132.8M |
| Goodwill | 90.6M | 120.6M | 120.6M | 136.0M |
| Goodwill And Other Intangible Assets | 97.8M | 131.9M | 133.7M | 150.4M |
| Other Intangible Assets | 7.2M | 11.3M | 13.1M | 14.4M |
| Investments And Advances | -- | -- | 0.00 | 1.1M |
| Long Term Equity Investment | -- | -- | 0.00 | 1.1M |
| Other Non Current Assets | -- | -- | -- | 1.1M |
| Total Non Current Assets | 181.0M | 252.1M | 258.5M | 298.1M |
| Total Assets | 346.3M | 354.9M | 377.8M | 447.0M |
| Current Debt | 10.4M | 14.3M | 9.7M | 5.3M |
| Current Debt And Capital Lease Obligation | 19.3M | 23.5M | 19.9M | 14.8M |
| Accounts Payable | 16.9M | 23.2M | 26.4M | 23.9M |
| Payables | 32.1M | 36.6M | 40.3M | 25.9M |
| Payables And Accrued Expenses | 53.0M | 57.3M | 62.5M | 50.8M |
| Current Accrued Expenses | 20.8M | 20.7M | 22.2M | 24.9M |
| Current Deferred Revenue | -- | -- | 12.3M | 15.8M |
| Other Current Liabilities | 16.7M | 2.1M | 4.4M | 6.5M |
| Current Liabilities | 88.9M | 83.0M | 86.8M | 88.0M |
| Long Term Debt | 23.8M | 54.7M | 75.9M | 74.3M |
| Long Term Debt And Capital Lease Obligation | 54.6M | 93.3M | 123.0M | 126.1M |
| Long Term Capital Lease Obligation | 30.8M | 38.6M | 47.2M | 51.8M |
| Other Non Current Liabilities | 39.3M | 40.1M | 37.4M | 45.6M |
| Total Non Current Liabilities Net Minority Interest | 109.9M | 153.6M | 176.3M | 185.8M |
| Total Liabilities Net Minority Interest | 198.8M | 236.6M | 263.1M | 273.8M |
| Common Stock | 316.9M | 348.1M | 353.2M | 389.5M |
| Capital Stock | 316.9M | 348.1M | 353.2M | 389.5M |
| Additional Paid In Capital | 470,000 | 716,000 | 1.2M | 1.9M |
| Retained Earnings | -195.4M | -262.8M | -275.3M | -263.8M |
| Common Stock Equity | 122.0M | 86.0M | 79.1M | 127.6M |
| Stockholders Equity | 122.0M | 86.0M | 79.1M | 127.6M |
| Total Equity Gross Minority Interest | 147.5M | 118.3M | 114.7M | 173.2M |
| Minority Interest | 25.4M | 32.3M | 35.6M | 45.6M |
| Total Capitalization | 145.9M | 140.7M | 155.0M | 201.8M |
| Net Tangible Assets | 24.2M | -45.9M | -54.6M | -22.9M |
| Tangible Book Value | 24.2M | -45.9M | -54.6M | -22.9M |
| Working Capital | 76.4M | 19.8M | 32.5M | 60.9M |
| Invested Capital | 156.2M | 155.1M | 164.7M | 207.1M |
| Total Debt | 73.9M | 116.8M | 143.0M | 140.9M |
| Net Debt | -- | 45.0M | 50.7M | 18.5M |
| Share Issued | 23.0M | 24.7M | 25.9M | 30.8M |
| Ordinary Shares Number | 23.0M | 24.7M | 25.9M | 30.8M |
| Allowance For Doubtful Accounts Receivable | -5.4M | -5.6M | -7.3M | -6.2M |
| Buildings And Improvements | 48.3M | 93.2M | 92.9M | 91.9M |
| Capital Lease Obligations | 39.7M | 47.7M | 57.4M | 61.3M |
| Construction In Progress | 196,000 | 590,000 | 838,000 | 654,000 |
| Current Capital Lease Obligation | 8.9M | 9.2M | 10.2M | 9.5M |
| Current Deferred Liabilities | -- | -- | 12.3M | 15.8M |
| Dividends Payable | 1.4M | 1.5M | 1.5M | 2.0M |
| Gross Accounts Receivable | 50.9M | 67.3M | 71.3M | 67.6M |
| Income Tax Payable | 13.8M | 10,000 | 0.00 | -- |
| Land And Improvements | 9.4M | 13.3M | 6.2M | 6.2M |
| Leases | 26.9M | 31.1M | 42.3M | 46.7M |
| Machinery Furniture Equipment | 46.6M | 73.6M | 77.1M | 72.4M |
| Non Current Deferred Assets | 129,000 | 70,000 | 20,000 | 386,000 |
| Non Current Deferred Liabilities | 16.0M | 20.2M | 15.9M | 14.1M |
| Non Current Deferred Taxes Assets | 129,000 | 70,000 | 20,000 | 386,000 |
| Non Current Deferred Taxes Liabilities | 16.0M | 20.2M | 15.9M | 14.1M |
| Non Current Note Receivables | -- | -- | 0.00 | 13.4M |
| Other Current Borrowings | 10.4M | 14.3M | 9.7M | 5.3M |
| Other Payable | -- | 12.0M | 12.3M | -- |
| Other Properties | 4.8M | 8.2M | 7.3M | 7.5M |
| Other Receivables | 5.5M | 7.1M | -- | -- |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 5.8M | 9.0M | 9.2M | 10.6M |
| Taxes Receivable | 87,000 | 733,000 | 587,000 | 6.0M |
| Total Tax Payable | 13.8M | 10,000 | 0.00 | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 83.3M | 72.7M | 57.0M | 75.6M |
| Cash Flow From Continuing Operating Activities | 83.3M | 72.7M | 57.0M | 75.6M |
| Depreciation And Amortization | 19.4M | 21.5M | 20.8M | 26.8M |
| Depreciation Amortization Depletion | 19.4M | 21.5M | 20.8M | 26.8M |
| Stock Based Compensation | -246,000 | -476,000 | -667,000 | 292,000 |
| Deferred Tax | -3.7M | 8.3M | 5.2M | 4.4M |
| Deferred Income Tax | -3.7M | 8.3M | 5.2M | 4.4M |
| Change In Working Capital | -1.6M | -488,000 | -6.2M | -10.4M |
| Changes In Account Receivables | 5.2M | 1.0M | -2.6M | -1.2M |
| Change In Receivables | 5.2M | 1.0M | -2.6M | -1.2M |
| Change In Inventory | -476,000 | -205,000 | 1.4M | 659,000 |
| Change In Payables And Accrued Expense | -7.3M | -3.4M | -3.7M | 3.2M |
| Change In Payable | -12.5M | -2.5M | -1.0M | -525,000 |
| Change In Other Working Capital | -- | -- | -3.5M | -10.3M |
| Other Non Cash Items | 11.0M | 16.1M | 4.9M | 24.4M |
| Capital Expenditure | -7.1M | -16.1M | -6.7M | -8.4M |
| Purchase Of PPE | -7.1M | -16.1M | -6.7M | -8.4M |
| Net PPE Purchase And Sale | -7.1M | -16.1M | -6.7M | -8.4M |
| Purchase Of Business | 0.00 | -8,000 | -730,000 | -267,000 |
| Sale Of Business | 92.5M | 2.4M | 1.7M | 0.00 |
| Investing Cash Flow | 85.4M | -13.7M | -5.8M | -8.7M |
| Cash Flow From Continuing Investing Activities | 85.4M | -13.7M | -5.8M | -8.7M |
| Issuance Of Debt | -- | -- | 12.7M | -- |
| Repayment Of Debt | -32.8M | -28.8M | -19.2M | -30.1M |
| Net Issuance Payments Of Debt | -32.8M | -28.8M | -6.5M | -30.1M |
| Repurchase Of Capital Stock | -16.6M | -7.4M | -38.4M | -2.1M |
| Net Common Stock Issuance | -16.6M | -7.4M | -38.4M | -2.1M |
| Common Stock Dividend Paid | -6.1M | -6.1M | -7.5M | -6.9M |
| Common Stock Payments | -16.6M | -7.4M | -38.4M | -2.1M |
| Financing Cash Flow | -84.3M | -69.8M | -77.4M | -72.1M |
| Cash Flow From Continuing Financing Activities | -84.3M | -69.8M | -77.4M | -72.1M |
| Effect Of Exchange Rate Changes | -59,000 | -34,000 | -3,000 | -34,000 |
| Changes In Cash | 84.4M | -10.8M | -26.1M | -5.1M |
| Beginning Cash Position | 24.1M | 34.9M | 61.0M | 66.2M |
| End Cash Position | 108.5M | 24.1M | 34.9M | 61.0M |
| Free Cash Flow | 76.2M | 56.7M | 50.3M | 67.2M |
| Amortization Cash Flow | 540,000 | 1.3M | 638,000 | 7.2M |
| Amortization Of Intangibles | 540,000 | 1.3M | 638,000 | 7.2M |
| Asset Impairment Charge | 2.3M | 786,000 | 28.5M | 0.00 |
| Cash Dividends Paid | -6.1M | -6.1M | -7.5M | -6.9M |
| Change In Account Payable | -495,000 | -2.5M | 2.5M | -525,000 |
| Change In Accrued Expense | 5.2M | -934,000 | -2.6M | 3.7M |
| Change In Prepaid Assets | 902,000 | 2.1M | -1.4M | -2.7M |
| Depreciation | 18.8M | 20.2M | 20.1M | 19.5M |
| Earnings Losses From Equity Investments | 0.00 | 320,000 | 574,000 | 125,000 |
| Gain Loss On Sale Of Business | -33.6M | -2.5M | -282,000 | 0.00 |
| Interest Paid Cfo | -9.5M | -10.8M | -10.4M | -11.8M |
| Long Term Debt Issuance | -- | -- | 12.7M | -- |
| Long Term Debt Payments | -32.8M | -28.8M | -19.2M | -30.1M |
| Net Business Purchase And Sale | 92.5M | 2.4M | 943,000 | -267,000 |
| Net Foreign Currency Exchange Gain Loss | 59,000 | 34,000 | 3,000 | 34,000 |
| Net Income From Continuing Operations | 105.6M | 44.0M | 12.3M | 46.5M |
| Net Long Term Debt Issuance | -32.8M | -28.8M | -6.5M | -30.1M |
| Net Other Financing Charges | -28.7M | -27.5M | -25.0M | -33.0M |
| Net Short Term Debt Issuance | -- | -- | -- | -18.1M |
| Operating Gains Losses | -33.6M | -2.1M | 295,000 | 159,000 |
| Short Term Debt Payments | -- | -- | -- | -18.1M |
| Taxes Refund Paid | -6.3M | -4.2M | 2.3M | -4.6M |