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Frontera Energy Corporation

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 1.1B 1.2B 1.4B 926.6M
Operating Revenue 1.1B 1.2B 1.4B 926.6M
Cost Of Revenue 917.1M 966.1M 858.7M 575.7M
Gross Profit 212.8M 219.4M 506.8M 351.0M
Selling General And Administration 50.2M 50.5M 59.7M 56.6M
General And Administrative Expense 50.2M 50.5M 59.7M 56.6M
Other Operating Expenses 19.8M -12.9M 7.2M -1.4M
Operating Expense 74.7M 42.2M 71.4M 59.2M
Operating Income 138.0M 177.3M 435.4M 291.8M
EBIT 128.4M 245.0M 581.8M 681.0M
Interest Expense 50.1M 48.1M 41.5M 43.9M
Interest Expense Non Operating 50.1M 48.1M 41.5M 43.9M
Interest Income 8.4M 10.0M 5.5M 5.4M
Interest Income Non Operating 8.4M 10.0M 5.5M 5.4M
Net Interest Income -50.0M -43.5M -40.9M -43.0M
Other Income Expense -9.7M 63.1M 145.8M 388.3M
Other Non Operating Income Expenses 102,000 8.9M -10.8M 1.4M
Special Income Charges -37.2M -33.8M 201.4M 529.8M
Restructuring And Mergern Acquisition 5.3M 8.5M 4.5M 4.6M
Write Off 2.2M 4.6M 3.0M 1.5M
Gain On Sale Of Security -26.5M 31.5M -86.8M -181.0M
Earnings From Equity Interest 53.9M 56.5M 42.0M 38.0M
Pretax Income 78.3M 196.9M 540.3M 637.1M
Tax Provision 103.1M 4.1M 249.3M 1.0M
Tax Effect Of Unusual Items -9.6M -47,775 30.0M 558,130
Net Income From Continuing And Discontinued Operation -24.2M 193.5M 286.6M 628.1M
Net Income From Continuing Operation Net Minority Interest -24.2M 193.5M 286.6M 628.1M
Net Income Including Noncontrolling Interests -24.8M 192.8M 291.0M 636.1M
Minority Interests 609,000 741,000 -4.4M -7.9M
Net Income Common Stockholders -24.2M 193.5M 286.6M 628.1M
Net Income -24.2M 193.5M 286.6M 628.1M
EBITDA 390.9M 523.3M 777.3M 807.7M
Normalized EBITDA 454.7M 525.5M 662.7M 458.8M
Reconciled Depreciation 262.5M 278.3M 195.4M 126.7M
Basic EPS -0.29 2.27 3.16 6.50
Diluted EPS -0.29 2.19 3.08 6.29
Basic Average Shares 83.8M 85.3M 90.7M 96.7M
Diluted Average Shares 83.8M 88.4M 93.0M 99.9M
Total Unusual Items -63.8M -2.3M 114.5M 348.8M
Total Unusual Items Excluding Goodwill -63.8M -2.3M 114.5M 348.8M
Tax Rate For Calcs 0.15 0.02 0.26 0.00
Normalized Income 30.0M 195.7M 202.1M 279.9M
Diluted NI Availto Com Stockholders -24.2M 193.5M 286.6M 628.1M
Impairment Of Capital Assets 29.7M 20.6M -208.9M -560.6M
Net Income Continuous Operations -24.8M 192.8M 291.0M 636.1M
Net Non Operating Interest Income Expense -50.0M -43.5M -40.9M -43.0M
Other Gand A 16.7M 18.2M 20.7M 19.5M
Other Special Charges -- -- -- 24.7M
Other Taxes 4.7M 4.6M 4.5M 3.9M
Reconciled Cost Of Revenue 917.1M 966.1M 858.7M 575.7M
Salaries And Wages 33.6M 32.3M 39.0M 37.1M
Total Expenses 991.9M 1.0B 930.1M 634.8M
Total Operating Income As Reported 116.7M 154.2M 643.4M 854.2M
Total Other Finance Cost 8.3M 5.4M 4.8M 4.5M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 192.6M 159.7M 289.8M 257.5M
Cash Cash Equivalents And Short Term Investments 192.6M 159.7M 289.8M 257.5M
Accounts Receivable 9.3M 11.1M 21.4M 83.1M
Receivables 133.2M 213.8M 118.5M 157.4M
Inventory 55.5M 72.3M 75.1M 50.1M
Prepaid Assets 15.1M 14.3M 21.2M 19.0M
Current Assets 413.1M 482.8M 508.2M 517.2M
Gross PPE 8.3B 8.1B 8.9B 8.5B
Accumulated Depreciation -5.9B -5.8B -6.8B -6.8B
Net PPE 2.4B 2.3B 2.1B 1.7B
Investments And Advances 78.3M 84.5M 61.8M 88.4M
Long Term Equity Investment 66.1M 82.8M 60.0M 87.2M
Other Investments 12.1M 1.7M 1.9M 1.2M
Other Non Current Assets 13.6M 18.2M 20.7M 30.4M
Total Non Current Assets 2.5B 2.5B 2.2B 2.1B
Total Assets 2.9B 3.0B 2.7B 2.6B
Current Debt 30.5M 52.2M 115.9M 146.7M
Current Debt And Capital Lease Obligation 35.0M 57.5M 118.5M 151.0M
Accounts Payable 397.1M 425.4M 463.4M 402.6M
Payables 400.2M 439.2M 470.6M 414.0M
Payables And Accrued Expenses 400.2M 439.2M 470.6M 414.0M
Current Accrued Expenses -- -- -- 68.3M
Current Deferred Revenue 30.3M 1.8M -- --
Other Current Liabilities 4.6M 1.3M 3.0M 4.1M
Current Liabilities 513.6M 544.7M 617.8M 596.0M
Long Term Debt 463.3M 465.5M 392.5M 405.8M
Long Term Debt And Capital Lease Obligation 471.0M 479.3M 393.1M 409.2M
Long Term Capital Lease Obligation 7.8M 13.9M 545,000 3.3M
Total Non Current Liabilities Net Minority Interest 661.1M 637.6M 530.2M 566.1M
Total Liabilities Net Minority Interest 1.2B 1.2B 1.1B 1.2B
Common Stock 4.6B 4.6B 4.6B 4.7B
Capital Stock 4.6B 4.6B 4.6B 4.7B
Additional Paid In Capital 111.6M 110.9M 109.9M 122.5M
Retained Earnings -2.9B -2.8B -3.0B -3.3B
Gains Losses Not Affecting Retained Earnings -79.6M -47.6M -100.9M -91.4M
Other Equity Adjustments -79.6M -47.6M -100.9M -91.4M
Common Stock Equity 1.7B 1.8B 1.6B 1.4B
Stockholders Equity 1.7B 1.8B 1.6B 1.4B
Total Equity Gross Minority Interest 1.7B 1.8B 1.6B 1.4B
Minority Interest 9.8M 10.4M 9.9M 47.9M
Total Capitalization 2.2B 2.3B 2.0B 1.8B
Net Tangible Assets 1.7B 1.8B 1.6B 1.4B
Tangible Book Value 1.7B 1.8B 1.6B 1.4B
Working Capital -100.6M -61.9M -109.6M -78.9M
Invested Capital 2.2B 2.3B 2.1B 2.0B
Total Debt 506.0M 536.8M 511.6M 560.1M
Net Debt 301.2M 357.9M 218.6M 295.1M
Share Issued 80.8M 85.2M 85.6M 94.7M
Ordinary Shares Number 80.8M 85.2M 85.6M 94.7M
Allowance For Doubtful Accounts Receivable -15.9M -15.7M -15.7M --
Assets Held For Sale Current -- -- -- 0.00
Capital Lease Obligations 12.3M 19.2M 3.1M 7.6M
Current Capital Lease Obligation 4.5M 5.3M 2.5M 4.2M
Current Deferred Liabilities 30.3M 1.8M -- --
Current Provisions 43.4M 45.0M 25.8M 27.0M
Derivative Product Liabilities -- -- 0.00 2.7M
Duefrom Related Parties Current 26.9M 27.9M 28.6M 31.3M
Finished Goods 34.2M 51.5M 57.0M 31.8M
Gross Accounts Receivable 25.1M 26.7M 37.1M --
Hedging Assets Current 0.00 10.7M 1.1M 274,000
Income Tax Payable 3.2M 13.8M 7.1M 11.4M
Investmentsin Associatesat Cost 66.1M 82.8M 60.0M 87.2M
Long Term Provisions 147.1M 141.6M 129.0M 147.3M
Machinery Furniture Equipment 67.4M 75.5M 92.3M 111.5M
Non Current Accounts Receivable 4.2M 1.8M 812,000 28.3M
Non Current Deferred Assets 24.4M 101.6M 64.3M 225.1M
Non Current Deferred Liabilities 28.8M 14.3M 4.6M 4.3M
Non Current Deferred Taxes Assets 24.4M 101.6M 64.3M 225.1M
Non Current Deferred Taxes Liabilities 28.8M 14.3M 4.6M 4.3M
Other Current Borrowings 30.5M 52.2M 115.9M 146.7M
Other Payable -- -- -- 26.8M
Other Properties 365.7M 362.9M 207.4M 242.5M
Other Receivables 4.9M 2.9M 66.5M 14.5M
Pensionand Other Post Retirement Benefit Plans Current -- -- -- 7.1M
Raw Materials 21.3M 20.8M 18.1M 18.2M
Receivables Adjustments Allowances -- -- -23.3M -29.0M
Restricted Cash 16.6M 12.1M 2.5M 32.9M
Taxes Receivable 92.2M 172.0M 30.6M 57.6M
Total Tax Payable 3.2M 13.8M 7.1M 11.4M
Tradeand Other Payables Non Current 14.2M 2.4M 3.5M 2.7M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 510.0M 411.8M 620.5M 327.4M
Cash Flow From Continuing Operating Activities 510.0M 411.8M 620.5M 327.4M
Depreciation Amortization Depletion 262.5M 278.3M 195.4M 126.7M
Stock Based Compensation 1.7M 96,000 7.8M 6.7M
Deferred Tax 93.1M -28.9M 162.1M -25.5M
Deferred Income Tax 93.1M -28.9M 162.1M -25.5M
Change In Working Capital 17.0M 63.7M 120.1M -12.2M
Other Non Cash Items 50.4M 23.6M 46.0M 17.6M
Capital Expenditure -350.7M -436.4M -415.7M -311.8M
Purchase Of PPE -350.7M -436.4M -415.7M -311.8M
Net PPE Purchase And Sale -350.7M -436.4M -415.7M -311.8M
Purchase Of Business 0.00 -20.4M -42.1M -10.3M
Sale Of Business 7.6M 11.2M 18.1M 4.0M
Sale Of Investment -- -- -- 4.0M
Net Investment Purchase And Sale -- -- -- 4.0M
Investing Cash Flow -339.2M -484.3M -383.3M -186.9M
Cash Flow From Continuing Investing Activities -339.2M -484.3M -383.3M -186.9M
Issuance Of Debt 28.8M 114.9M 0.00 397.4M
Repayment Of Debt -69.0M -162.2M -50.4M -418.6M
Net Issuance Payments Of Debt -30.6M -9.1M -50.4M -21.3M
Repurchase Of Capital Stock -38.4M -5.9M -91.4M -21.5M
Net Common Stock Issuance -38.4M -5.9M -91.4M -21.5M
Common Stock Dividend Paid -11.7M 0.00 -- --
Common Stock Payments -38.4M -5.9M -91.4M -21.5M
Financing Cash Flow -128.9M -62.7M -193.6M -108.4M
Cash Flow From Continuing Financing Activities -128.9M -62.7M -193.6M -108.4M
Effect Of Exchange Rate Changes -7.1M 5.0M -11.3M -6.8M
Changes In Cash 40.0M -135.2M 43.6M 32.1M
Beginning Cash Position 159.7M 289.8M 257.5M 232.3M
End Cash Position 192.6M 159.7M 289.8M 257.5M
Free Cash Flow 159.4M -24.6M 204.8M 15.6M
Income Tax Paid Supplemental Data -- -- -- 5.4M
Interest Paid Supplemental Data -- -- -- 44.0M
Asset Impairment Charge 31.9M 25.2M -205.8M -559.2M
Cash Dividends Paid -11.7M 0.00 0.00 0.00
Dividend Received Cfo 52.8M 31.3M 33.6M 35.5M
Earnings Losses From Equity Investments -53.9M -56.5M -42.0M -38.0M
Gain Loss On Investment Securities 14.0M -11.9M -4.3M -7.2M
Interest Paid Cff -48.2M -46.6M -43.5M -43.5M
Interest Received Cfo 5.5M 7.1M 8.8M 14.2M
Long Term Debt Issuance 28.8M 114.9M 0.00 397.4M
Long Term Debt Payments -69.0M -162.2M -50.4M -418.6M
Net Business Purchase And Sale 7.6M -9.2M -24.0M -6.4M
Net Foreign Currency Exchange Gain Loss 17.8M -45.3M 63.2M 140.4M
Net Income From Continuing Operations -24.8M 192.8M 291.0M 636.1M
Net Long Term Debt Issuance -40.1M -47.3M -50.4M -21.3M
Net Other Financing Charges -- -1.1M -8.3M -22.1M
Net Other Investing Changes 3.8M -38.7M 56.4M 131.2M
Net Short Term Debt Issuance 9.5M 38.2M 0.00 --
Operating Gains Losses -22.1M -113.7M 16.8M 124.2M
Short Term Debt Issuance -- 38.2M 0.00 --
Taxes Refund Paid 42.0M -67.8M -55.3M -36.7M
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