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Finning International Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 10.6B 9.9B 10.5B 9.3B --
Operating Revenue 10.6B 9.9B 10.5B 9.3B --
Cost Of Revenue 8.1B 7.5B 8.0B 7.1B --
Gross Profit 2.4B 2.4B 2.5B 2.2B --
Selling General And Administration 1.6B 1.6B 1.6B 1.5B --
Other Operating Expenses -- -- -- -- -10.0M
Operating Expense 1.6B 1.6B 1.6B 1.5B --
Operating Income 859.0M 797.0M 933.0M 765.0M --
EBIT 827.0M 781.0M 900.0M 755.0M --
Interest Expense 129.0M 149.0M 151.0M 82.0M --
Interest Expense Non Operating 129.0M 149.0M 151.0M 82.0M --
Net Interest Income -137.0M -155.0M -161.0M -95.0M --
Other Income Expense -24.0M -10.0M -23.0M 3.0M --
Special Income Charges -34.0M -19.0M 24.0M 0.00 --
Restructuring And Mergern Acquisition 12.0M 19.0M 18.0M 0.00 --
Gain On Sale Of Security -- -- -56.0M -- 5.0M
Earnings From Equity Interest 10.0M 9.0M 9.0M 3.0M --
Pretax Income 698.0M 632.0M 749.0M 673.0M --
Tax Provision 175.0M 150.0M 228.0M 172.0M --
Tax Effect Of Unusual Items -8.5M -4.5M -9.7M 0.00 --
Net Income From Continuing And Discontinued Operation 658.0M 509.0M 523.0M 503.0M --
Net Income From Continuing Operation Net Minority Interest 539.0M 485.0M 523.0M 503.0M --
Net Income Including Noncontrolling Interests 642.0M 506.0M 521.0M 501.0M --
Minority Interests 16.0M 3.0M 2.0M 2.0M --
Net Income Common Stockholders 658.0M 509.0M 523.0M 503.0M --
Net Income 658.0M 509.0M 523.0M 503.0M --
EBITDA 1.2B 1.2B 1.3B 1.1B --
Normalized EBITDA 1.3B 1.2B 1.3B 1.1B --
Reconciled Depreciation 392.0M 392.0M 379.0M 333.0M --
Basic EPS -- 3.62 3.55 3.25 2.26
Diluted EPS -- 3.62 3.54 3.25 2.25
Basic Average Shares -- 140.4M 147.5M 154.7M 161.1M
Diluted Average Shares -- 140.4M 147.7M 155.1M 161.6M
Total Unusual Items -34.0M -19.0M -32.0M 0.00 --
Total Unusual Items Excluding Goodwill -34.0M -19.0M -32.0M 0.00 --
Tax Rate For Calcs 0.25 0.24 0.30 0.26 --
Normalized Income 564.5M 499.5M 545.3M 503.0M --
Diluted NI Availto Com Stockholders 658.0M 509.0M 523.0M 503.0M --
Gain On Sale Of Business -- 0.00 41.0M 0.00 --
Gain On Sale Of Ppe -- 0.00 13.0M 0.00 --
Impairment Of Capital Assets 22.0M 0.00 12.0M 0.00 --
Net Income Continuous Operations 523.0M 482.0M 521.0M 501.0M --
Net Income Discontinuous Operations 119.0M 24.0M -- -- --
Net Non Operating Interest Income Expense -137.0M -155.0M -161.0M -95.0M --
Reconciled Cost Of Revenue 8.1B 7.5B 8.0B 7.1B --
Total Expenses 9.7B 9.1B 9.6B 8.5B --
Total Other Finance Cost 8.0M 6.0M 10.0M 13.0M --
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 369.0M 316.0M 152.0M 288.0M --
Cash Cash Equivalents And Short Term Investments 397.0M 384.0M 241.0M 288.0M --
Cash Equivalents -- -- -- -- 362.0M
Cash Financial -- -- -- -- 140.0M
Other Short Term Investments 28.0M 68.0M 89.0M 66.0M --
Accounts Receivable 1.1B 1.2B 1.0B 1.1B --
Receivables 1.8B 1.9B 1.7B 1.6B --
Inventory 3.0B 2.6B 2.8B 2.5B --
Prepaid Assets 178.0M 213.0M 118.0M 161.0M --
Other Current Assets 36.0M 41.0M 63.0M 481.0M --
Current Assets 5.4B 5.2B 4.9B 4.8B --
Gross PPE 3.1B 3.0B 3.0B 1.4B --
Accumulated Depreciation -1.5B -1.5B -1.4B -1.4B --
Net PPE 1.7B 1.6B 1.6B 1.4B --
Goodwill 211.0M 339.0M 329.0M 325.0M --
Goodwill And Other Intangible Assets 433.0M 684.0M 738.0M 758.0M --
Other Intangible Assets 222.0M 345.0M 409.0M 433.0M --
Investments And Advances 87.0M 100.0M 99.0M 83.0M --
Long Term Equity Investment 87.0M 100.0M 87.0M 83.0M --
Other Non Current Assets 28.0M 24.0M 13.0M 107.0M --
Total Non Current Assets 2.4B 2.5B 2.6B 2.5B --
Total Assets 7.8B 7.7B 7.6B 7.3B --
Current Debt 698.0M 850.0M 1.4B 1.2B --
Current Debt And Capital Lease Obligation 786.0M 928.0M 1.5B 1.3B --
Accounts Payable 1.6B 1.4B 1.3B 1.3B --
Payables 1.7B 1.5B 1.4B 1.5B --
Payables And Accrued Expenses 1.7B 1.5B 1.4B 1.5B --
Current Deferred Revenue 594.0M 567.0M 507.0M 544.0M --
Other Current Liabilities 10.0M 11.0M 24.0M 13.0M --
Current Liabilities 3.2B 3.1B 3.5B 3.4B --
Long Term Debt 1.2B 1.4B 949.0M 815.0M --
Long Term Debt And Capital Lease Obligation 1.5B 1.7B 1.2B 1.1B --
Long Term Capital Lease Obligation 324.0M 262.0M 235.0M 255.0M --
Other Non Current Liabilities 12.0M 15.0M 24.0M 33.0M --
Total Non Current Liabilities Net Minority Interest 1.8B 1.9B 1.5B 1.4B --
Total Liabilities Net Minority Interest 5.0B 5.1B 5.0B 4.8B --
Common Stock 472.0M 487.0M 516.0M 536.0M --
Capital Stock 472.0M 487.0M 516.0M 536.0M --
Additional Paid In Capital -- 0.00 0.00 0.00 0.00
Retained Earnings 2.0B 1.8B 1.8B 1.6B --
Gains Losses Not Affecting Retained Earnings 312.0M 375.0M 220.0M 273.0M --
Other Equity Adjustments 312.0M 375.0M 220.0M 273.0M --
Common Stock Equity 2.8B 2.6B 2.5B 2.4B --
Stockholders Equity 2.8B 2.6B 2.5B 2.4B --
Total Equity Gross Minority Interest 2.8B 2.6B 2.5B 2.5B --
Minority Interest 0.00 13.0M 16.0M 18.0M --
Total Capitalization 4.0B 4.0B 3.5B 3.3B --
Net Tangible Assets 2.4B 1.9B 1.8B 1.7B --
Tangible Book Value 2.4B 1.9B 1.8B 1.7B --
Working Capital 2.1B 2.1B 1.4B 1.4B --
Invested Capital 4.7B 4.9B 4.9B 4.4B --
Total Debt 2.3B 2.6B 2.7B 2.3B --
Net Debt 1.5B 1.9B 2.2B 1.7B --
Share Issued 130.9M 136.0M 144.0M 151.0M --
Ordinary Shares Number 130.9M 136.0M 144.0M 151.0M --
Allowance For Doubtful Accounts Receivable -48.0M -60.0M -45.0M -43.0M --
Available For Sale Securities -- 10.0M 12.0M 9.0M 12.0M
Buildings And Improvements 1.2B 1.2B 1.1B 1.1B --
Capital Lease Obligations 412.0M 340.0M 309.0M 331.0M --
Current Capital Lease Obligation 88.0M 78.0M 74.0M 76.0M --
Current Deferred Liabilities 594.0M 567.0M 507.0M 544.0M --
Current Provisions 63.0M 75.0M 65.0M 60.0M --
Defined Pension Benefit 33.0M 27.0M 109.0M 98.0M --
Employee Benefits 112.0M 91.0M 105.0M 92.0M --
Gross Accounts Receivable 1.2B 1.3B 1.1B 1.2B --
Income Tax Payable 51.0M 61.0M 25.0M 80.0M --
Investmentin Financial Assets -- 10.0M 12.0M 9.0M 12.0M
Investmentsin Joint Venturesat Cost 87.0M 100.0M 87.0M 83.0M --
Land And Improvements 85.0M 87.0M 83.0M 86.0M --
Line Of Credit -- -- -- -- 370.0M
Machinery Furniture Equipment 955.0M 1.0B 901.0M 817.0M --
Non Current Accounts Receivable -- -- -- -- 12.0M
Non Current Deferred Assets 142.0M 84.0M 56.0M 57.0M --
Non Current Deferred Liabilities 159.0M 181.0M 198.0M 188.0M --
Non Current Deferred Revenue 48.0M 43.0M 38.0M 35.0M --
Non Current Deferred Taxes Assets 97.0M 84.0M 56.0M 57.0M --
Non Current Deferred Taxes Liabilities 111.0M 138.0M 160.0M 153.0M --
Non Current Pension And Other Postretirement Benefit Plans 89.0M 79.0M 89.0M 75.0M --
Non Current Prepaid Assets 38.0M 33.0M 28.0M 28.0M --
Other Current Borrowings 698.0M 850.0M 1.4B 1.2B --
Other Inventories 1.2B 1.0B 1.3B 919.0M --
Other Properties 917.0M 783.0M 925.0M 1.4B --
Other Receivables 639.0M 636.0M 623.0M 422.0M --
Pensionand Other Post Retirement Benefit Plans Current 49.0M 37.0M 47.0M 60.0M --
Properties 0.00 0.00 0.00 0.00 --
Raw Materials 1.2B 1.1B 1.1B 1.0B --
Taxes Receivable 32.0M 65.0M 29.0M 52.0M --
Total Tax Payable 105.0M 119.0M 62.0M 153.0M --
Work In Process 507.0M 519.0M 468.0M 512.0M --
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 688.0M 1.0B 228.0M 1.0M --
Cash Flow From Continuing Operating Activities 688.0M 1.0B 228.0M 1.0M --
Depreciation And Amortization 392.0M 392.0M 379.0M 333.0M --
Depreciation Amortization Depletion 392.0M 392.0M 379.0M 333.0M --
Stock Based Compensation 63.0M 19.0M 26.0M 36.0M --
Deferred Tax 184.0M 157.0M 228.0M 172.0M --
Deferred Income Tax 184.0M 157.0M 228.0M 172.0M --
Change In Working Capital -39.0M 117.0M -349.0M -738.0M --
Changes In Account Receivables -40.0M -170.0M 112.0M -265.0M --
Change In Receivables -36.0M -140.0M 34.0M -404.0M --
Change In Inventory -378.0M 308.0M -408.0M -715.0M --
Change In Payables And Accrued Expense 318.0M 40.0M 34.0M 408.0M --
Change In Other Current Assets 73.0M -84.0M 70.0M -161.0M --
Change In Other Current Liabilities -16.0M -7.0M -79.0M 134.0M --
Other Non Cash Items -274.0M 162.0M -104.0M -51.0M --
Capital Expenditure -208.0M -153.0M -220.0M -171.0M --
Purchase Of PPE -208.0M -153.0M -220.0M -171.0M --
Net PPE Purchase And Sale -110.0M -146.0M -162.0M -171.0M --
Purchase Of Business -8.0M -9.0M -13.0M -101.0M --
Sale Of Business 330.0M 0.00 -- 0.00 8.0M
Purchase Of Investment -- -- -- -- -7.0M
Net Investment Purchase And Sale -13.0M 27.0M -54.0M 4.0M --
Investing Cash Flow 217.0M -128.0M -229.0M -268.0M --
Cash Flow From Continuing Investing Activities 217.0M -128.0M -229.0M -268.0M --
Issuance Of Debt 0.00 427.0M 348.0M 630.0M --
Repayment Of Debt -87.0M -296.0M -204.0M -281.0M --
Net Issuance Payments Of Debt -371.0M -351.0M 350.0M 349.0M --
Repurchase Of Capital Stock -290.0M -314.0M -275.0M -218.0M --
Net Common Stock Issuance -290.0M -314.0M -275.0M -218.0M --
Common Stock Dividend Paid -156.0M -151.0M -146.0M -144.0M --
Common Stock Payments -290.0M -314.0M -275.0M -218.0M --
Financing Cash Flow -817.0M -818.0M -71.0M -13.0M --
Cash Flow From Continuing Financing Activities -817.0M -818.0M -71.0M -13.0M --
Effect Of Exchange Rate Changes -35.0M 99.0M -64.0M 66.0M --
Changes In Cash 88.0M 65.0M -72.0M -280.0M --
Beginning Cash Position 316.0M 152.0M 288.0M 502.0M --
End Cash Position 369.0M 316.0M 152.0M 288.0M --
Free Cash Flow 480.0M 858.0M 8.0M -170.0M --
Amortization Cash Flow -- 87.0M 86.0M 70.0M 62.0M
Amortization Of Intangibles -- 87.0M 86.0M 70.0M 62.0M
Asset Impairment Charge 70.0M 0.00 14.0M 0.00 --
Cash Dividends Paid -156.0M -151.0M -146.0M -144.0M --
Depreciation -- 305.0M 293.0M 263.0M 257.0M
Dividends Received Cfi 18.0M 0.00 -- -- --
Earnings Losses From Equity Investments -10.0M -9.0M -9.0M -3.0M --
Gain Loss On Sale Of Business -- 0.00 -41.0M 0.00 --
Gain Loss On Sale Of PPE -2.0M -1.0M -25.0M 2.0M --
Interest Paid Cfo -148.0M -167.0M -165.0M -96.0M --
Long Term Debt Issuance 0.00 427.0M 348.0M 0.00 --
Long Term Debt Payments -87.0M -296.0M -204.0M -281.0M --
Net Business Purchase And Sale 322.0M -9.0M -13.0M -101.0M --
Net Income From Continuing Operations 642.0M 506.0M 521.0M 501.0M --
Net Long Term Debt Issuance -87.0M 131.0M 144.0M -281.0M --
Net Other Financing Charges -- -2.0M -- -- -1.0M
Net Other Investing Changes -- -- -- -- 8.0M
Net Short Term Debt Issuance -284.0M -482.0M 206.0M 630.0M --
Operating Gains Losses 6.0M 8.0M -58.0M 15.0M --
Pension And Employee Benefit Expense 18.0M 18.0M 17.0M 16.0M --
Sale Of PPE 98.0M 7.0M 58.0M 0.00 --
Short Term Debt Issuance -- -- 206.0M 630.0M 280.0M
Taxes Refund Paid -208.0M -183.0M -264.0M -171.0M --
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