GDI Integrated Facility Services Inc.
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 | 2.6B | 2.4B | 2.2B | 1.6B |
| Operating Revenue | 2.6B | 2.4B | 2.2B | 1.6B |
| Cost Of Revenue | 2.1B | 2.0B | 1.7B | 1.3B |
| Gross Profit | 456.0M | 450.0M | 439.0M | 340.0M |
| Selling General And Administration | 328.0M | 316.0M | 291.0M | 214.0M |
| Depreciation And Amortization In Income Statement | 86.0M | 77.0M | 74.0M | 53.0M |
| Other Operating Expenses | 2.0M | 6.0M | 3.0M | -13.0M |
| Operating Expense | 416.0M | 399.0M | 368.0M | 254.0M |
| Operating Income | 40.0M | 51.0M | 71.0M | 86.0M |
| EBIT | 74.0M | 55.0M | 62.0M | 69.0M |
| Interest Expense | 33.0M | 26.0M | 13.0M | 6.0M |
| Interest Expense Non Operating | 33.0M | 26.0M | 13.0M | 6.0M |
| Net Interest Income | -16.0M | -20.0M | -16.0M | -20.0M |
| Other Income Expense | 17.0M | -2.0M | -6.0M | -3.0M |
| Special Income Charges | 15.0M | -4.0M | -3.0M | -3.0M |
| Restructuring And Mergern Acquisition | 2.0M | 4.0M | 3.0M | 3.0M |
| Gain On Sale Of Security | 2.0M | 2.0M | -3.0M | -- |
| Pretax Income | 41.0M | 29.0M | 49.0M | 63.0M |
| Tax Provision | 9.0M | 10.0M | 13.0M | 20.0M |
| Tax Effect Of Unusual Items | 3.7M | -689,655 | -1.6M | -952,381 |
| Net Income From Continuing And Discontinued Operation | 32.0M | 19.0M | 36.0M | 43.0M |
| Net Income From Continuing Operation Net Minority Interest | 32.0M | 19.0M | 36.0M | 43.0M |
| Net Income Including Noncontrolling Interests | 32.0M | 19.0M | 36.0M | 43.0M |
| Net Income Common Stockholders | 32.0M | 19.0M | 36.0M | 43.0M |
| Net Income | 32.0M | 19.0M | 36.0M | 43.0M |
| EBITDA | 160.0M | 132.0M | 136.0M | 122.0M |
| Normalized EBITDA | 143.0M | 134.0M | 142.0M | 125.0M |
| Reconciled Depreciation | 86.0M | 77.0M | 74.0M | 53.0M |
| Basic EPS | 1.37 | 0.80 | 1.57 | 1.89 |
| Diluted EPS | 1.36 | 0.79 | 1.53 | 1.84 |
| Basic Average Shares | 23.5M | 23.4M | 23.2M | 23.0M |
| Diluted Average Shares | 23.7M | 23.7M | 23.7M | 23.6M |
| Total Unusual Items | 17.0M | -2.0M | -6.0M | -3.0M |
| Total Unusual Items Excluding Goodwill | 17.0M | -2.0M | -6.0M | -3.0M |
| Tax Rate For Calcs | 0.22 | 0.34 | 0.27 | 0.32 |
| Normalized Income | 18.7M | 20.3M | 40.4M | 45.0M |
| Amortization | 29.0M | 24.0M | 28.0M | 20.0M |
| Amortization Of Intangibles Income Statement | 29.0M | 24.0M | 28.0M | 20.0M |
| Depreciation Amortization Depletion Income Statement | 86.0M | 77.0M | 74.0M | 53.0M |
| Depreciation Income Statement | 57.0M | 53.0M | 46.0M | 33.0M |
| Diluted NI Availto Com Stockholders | 32.0M | 19.0M | 36.0M | 43.0M |
| Gain On Sale Of Business | 17.0M | 0.00 | -- | -- |
| Net Income Continuous Operations | 32.0M | 19.0M | 36.0M | 43.0M |
| Net Non Operating Interest Income Expense | -16.0M | -20.0M | -16.0M | -20.0M |
| Other Special Charges | -4.0M | -- | -- | -- |
| Reconciled Cost Of Revenue | 2.1B | 2.0B | 1.7B | 1.3B |
| Total Expenses | 2.5B | 2.4B | 2.1B | 1.5B |
| Total Operating Income As Reported | 38.0M | 47.0M | 68.0M | 83.0M |
| Total Other Finance Cost | -17.0M | -6.0M | 3.0M | 14.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 14.0M | 17.0M | 7.0M | 24.0M |
| Cash Cash Equivalents And Short Term Investments | 29.0M | 30.0M | 18.0M | 36.0M |
| Cash Financial | 14.0M | 17.0M | 7.0M | 24.0M |
| Other Short Term Investments | 15.0M | 13.0M | 11.0M | 12.0M |
| Accounts Receivable | 445.0M | 439.0M | 414.0M | 354.0M |
| Receivables | 569.0M | 582.0M | 531.0M | 435.0M |
| Inventory | 33.0M | 42.0M | 45.0M | 34.0M |
| Prepaid Assets | -- | -- | 9.0M | 9.0M |
| Other Current Assets | 16.0M | 11.0M | 9.0M | 9.0M |
| Current Assets | 653.0M | 666.0M | 606.0M | 514.0M |
| Gross PPE | 283.0M | 281.0M | 257.0M | 236.0M |
| Accumulated Depreciation | -164.0M | -154.0M | -135.0M | -119.0M |
| Net PPE | 119.0M | 127.0M | 122.0M | 117.0M |
| Goodwill | 378.0M | 356.0M | 344.0M | 302.0M |
| Goodwill And Other Intangible Assets | 493.0M | 487.0M | 483.0M | 445.0M |
| Other Intangible Assets | 115.0M | 131.0M | 139.0M | 143.0M |
| Other Non Current Assets | 20.0M | 12.0M | 8.0M | 8.0M |
| Total Non Current Assets | 632.0M | 626.0M | 614.0M | 571.0M |
| Total Assets | 1.3B | 1.3B | 1.2B | 1.1B |
| Current Debt | 23.0M | 50.0M | 53.0M | 31.0M |
| Current Debt And Capital Lease Obligation | 23.0M | 50.0M | 53.0M | 31.0M |
| Accounts Payable | 306.0M | 298.0M | 286.0M | 250.0M |
| Payables | 315.0M | 300.0M | 288.0M | 255.0M |
| Payables And Accrued Expenses | 315.0M | 300.0M | 288.0M | 255.0M |
| Current Deferred Revenue | 33.0M | 34.0M | 30.0M | 43.0M |
| Current Liabilities | 403.0M | 416.0M | 397.0M | 357.0M |
| Long Term Debt | 362.0M | 384.0M | 345.0M | 299.0M |
| Long Term Debt And Capital Lease Obligation | 362.0M | 384.0M | 345.0M | 299.0M |
| Other Non Current Liabilities | 9.0M | 5.0M | -- | -- |
| Total Non Current Liabilities Net Minority Interest | 386.0M | 421.0M | 384.0M | 337.0M |
| Total Liabilities Net Minority Interest | 789.0M | 837.0M | 781.0M | 694.0M |
| Common Stock | 382.0M | 380.0M | 379.0M | 371.0M |
| Capital Stock | 382.0M | 380.0M | 379.0M | 371.0M |
| Additional Paid In Capital | 3.0M | 2.0M | 4.0M | 6.0M |
| Retained Earnings | 100.0M | 68.0M | 49.0M | 13.0M |
| Gains Losses Not Affecting Retained Earnings | 11.0M | 5.0M | 7.0M | 1.0M |
| Other Equity Adjustments | 11.0M | 5.0M | 7.0M | 1.0M |
| Common Stock Equity | 496.0M | 455.0M | 439.0M | 391.0M |
| Stockholders Equity | 496.0M | 455.0M | 439.0M | 391.0M |
| Total Equity Gross Minority Interest | 496.0M | 455.0M | 439.0M | 391.0M |
| Total Capitalization | 858.0M | 839.0M | 784.0M | 690.0M |
| Net Tangible Assets | 3.0M | -32.0M | -44.0M | -54.0M |
| Tangible Book Value | 3.0M | -32.0M | -44.0M | -54.0M |
| Working Capital | 250.0M | 250.0M | 209.0M | 157.0M |
| Invested Capital | 881.0M | 889.0M | 837.0M | 721.0M |
| Total Debt | 385.0M | 434.0M | 398.0M | 330.0M |
| Net Debt | 371.0M | 417.0M | 391.0M | 306.0M |
| Share Issued | 23.5M | 23.4M | 23.4M | 23.1M |
| Ordinary Shares Number | 23.5M | 23.4M | 23.4M | 23.1M |
| Assets Held For Sale Current | 6.0M | 0.00 | -- | -- |
| Buildings And Improvements | 66.0M | 80.0M | 69.0M | 64.0M |
| Current Deferred Liabilities | 33.0M | 34.0M | 30.0M | 43.0M |
| Current Provisions | 32.0M | 32.0M | 26.0M | 28.0M |
| Financial Assets | -- | 0.00 | 1.0M | 0.00 |
| Hedging Assets Current | 0.00 | 1.0M | 3.0M | 0.00 |
| Inventories Adjustments Allowances | -7.0M | -8.0M | -5.0M | -5.0M |
| Land And Improvements | 2.0M | 5.0M | 5.0M | 5.0M |
| Leases | 15.0M | 16.0M | 15.0M | 14.0M |
| Line Of Credit | 2.0M | 14.0M | 10.0M | 3.0M |
| Loans Receivable | -- | -- | -- | 1.7M |
| Machinery Furniture Equipment | 112.0M | 94.0M | 84.0M | 70.0M |
| Non Current Accounts Receivable | -- | -- | -- | 5.7M |
| Non Current Deferred Assets | -- | -- | 0.00 | 1.0M |
| Non Current Deferred Liabilities | 15.0M | 32.0M | 34.0M | 31.0M |
| Non Current Deferred Taxes Assets | -- | -- | 0.00 | 1.0M |
| Non Current Deferred Taxes Liabilities | 15.0M | 32.0M | 34.0M | 31.0M |
| Non Current Note Receivables | -- | -- | -- | 2.0M |
| Other Current Borrowings | 21.0M | 36.0M | 43.0M | 28.0M |
| Other Inventories | 17.0M | 26.0M | 24.0M | 13.0M |
| Other Properties | 88.0M | 86.0M | 84.0M | 83.0M |
| Other Receivables | 132.0M | 141.0M | 118.0M | 86.0M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 23.0M | 24.0M | 26.0M | 26.0M |
| Receivables Adjustments Allowances | -12.0M | -9.0M | -8.0M | -9.0M |
| Taxes Receivable | 4.0M | 11.0M | 7.0M | 4.0M |
| Total Tax Payable | 9.0M | 2.0M | 2.0M | 5.0M |
| Tradeand Other Payables Non Current | -- | 5.0M | 5.0M | 7.0M |
| Treasury Shares Number | -- | 0.00 | -- | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 136.0M | 65.0M | 50.0M | 117.0M |
| Cash Flow From Continuing Operating Activities | 136.0M | 65.0M | 50.0M | 117.0M |
| Depreciation And Amortization | 86.0M | 77.0M | 74.0M | 53.0M |
| Depreciation Amortization Depletion | 86.0M | 77.0M | 74.0M | 53.0M |
| Stock Based Compensation | -3.0M | -6.0M | 2.0M | 14.0M |
| Deferred Tax | 9.0M | 10.0M | 13.0M | 20.0M |
| Deferred Income Tax | 9.0M | 10.0M | 13.0M | 20.0M |
| Change In Working Capital | 17.0M | -46.0M | -70.0M | 12.0M |
| Changes In Account Receivables | -- | -- | -- | -19.2M |
| Change In Receivables | 16.0M | -43.0M | -49.0M | -12.0M |
| Change In Inventory | 1.0M | 3.0M | -6.0M | -3.0M |
| Change In Payables And Accrued Expense | 0.00 | -2.0M | 3.0M | -5.0M |
| Change In Payable | -- | -2.0M | 3.0M | -5.0M |
| Change In Other Working Capital | 5.0M | -- | -20.0M | 19.0M |
| Change In Other Current Assets | 0.00 | -2.0M | 1.0M | -- |
| Other Non Cash Items | 21.0M | 27.0M | 15.0M | 8.0M |
| Capital Expenditure | -20.0M | -27.0M | -26.0M | -19.0M |
| Purchase Of PPE | -15.0M | -21.0M | -19.0M | -15.0M |
| Net PPE Purchase And Sale | -15.0M | -21.0M | -19.0M | -15.0M |
| Purchase Of Business | -20.0M | -11.0M | -37.0M | -164.0M |
| Sale Of Business | 39.0M | 0.00 | -- | -- |
| Purchase Of Investment | -6.0M | 0.00 | -- | -- |
| Net Investment Purchase And Sale | -6.0M | 0.00 | -- | -- |
| Investing Cash Flow | -7.0M | -37.0M | -63.0M | -182.0M |
| Cash Flow From Continuing Investing Activities | -7.0M | -37.0M | -63.0M | -182.0M |
| Issuance Of Debt | 274.0M | 401.0M | 217.0M | 247.0M |
| Repayment Of Debt | -364.0M | -401.0M | -221.0M | -161.0M |
| Net Issuance Payments Of Debt | -90.0M | 0.00 | -4.0M | 86.0M |
| Issuance Of Capital Stock | -- | -- | -- | 5.8M |
| Net Common Stock Issuance | -- | -- | -- | 5.8M |
| Financing Cash Flow | -119.0M | -25.0M | -10.0M | 88.0M |
| Cash Flow From Continuing Financing Activities | -119.0M | -25.0M | -10.0M | 88.0M |
| Effect Of Exchange Rate Changes | -2.0M | 3.0M | -1.0M | 0.00 |
| Changes In Cash | 11.0M | 3.0M | -23.0M | 23.0M |
| Beginning Cash Position | 3.0M | -3.0M | 21.0M | -2.0M |
| End Cash Position | 12.0M | 3.0M | -3.0M | 21.0M |
| Free Cash Flow | 116.0M | 38.0M | 24.0M | 98.0M |
| Amortization Cash Flow | 29.0M | 24.0M | -- | -- |
| Amortization Of Intangibles | 29.0M | 24.0M | -- | -- |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 |
| Change In Prepaid Assets | -5.0M | -2.0M | 1.0M | 13.0M |
| Common Stock Issuance | -- | -- | -- | 5.8M |
| Depreciation | 57.0M | 53.0M | -- | -- |
| Gain Loss On Sale Of Business | -17.0M | 0.00 | -- | -- |
| Interest Paid Cff | -30.0M | -23.0M | -11.0M | -4.0M |
| Long Term Debt Issuance | 274.0M | 401.0M | 217.0M | 247.0M |
| Long Term Debt Payments | -364.0M | -401.0M | -221.0M | -161.0M |
| Net Business Purchase And Sale | 19.0M | -11.0M | -37.0M | -164.0M |
| Net Income From Continuing Operations | 32.0M | 19.0M | 36.0M | 43.0M |
| Net Intangibles Purchase And Sale | -5.0M | -6.0M | -7.0M | -4.0M |
| Net Long Term Debt Issuance | -90.0M | 0.00 | -4.0M | 86.0M |
| Net Other Financing Charges | 1.0M | -2.0M | 5.0M | 6.0M |
| Net Other Investing Changes | -- | 1.0M | -- | 1.0M |
| Operating Gains Losses | -17.0M | -- | -- | -- |
| Purchase Of Intangibles | -5.0M | -6.0M | -7.0M | -4.0M |
| Sale Of PPE | -- | -- | -- | 956,000 |
| Taxes Refund Paid | -7.0M | -14.0M | -23.0M | -33.0M |
| Unrealized Gain Loss On Investment Securities | -2.0M | -2.0M | 3.0M | 0.00 |