High Liner Foods Incorporated
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 | 959.2M | 1.1B | 1.1B | 875.4M |
| Operating Revenue | 959.2M | 1.1B | 1.1B | 875.4M |
| Cost Of Revenue | 741.9M | 861.6M | 839.8M | 676.9M |
| Gross Profit | 217.3M | 218.7M | 229.9M | 198.5M |
| Selling General And Administration | 145.3M | 151.3M | 152.7M | 139.1M |
| General And Administrative Expense | 100.0M | 94.5M | 93.0M | 88.3M |
| Operating Expense | 145.3M | 151.3M | 152.7M | 139.1M |
| Operating Income | 72.0M | 67.4M | 77.2M | 59.5M |
| EBIT | 92.1M | 58.8M | 82.8M | 63.2M |
| Interest Expense | 20.1M | 24.7M | 17.0M | 14.1M |
| Interest Expense Non Operating | 20.1M | 24.7M | 17.0M | 14.1M |
| Net Interest Income | -21.5M | -26.2M | -18.3M | -15.4M |
| Other Income Expense | 21.5M | -7.1M | 6.9M | 5.0M |
| Special Income Charges | 21.3M | -7.1M | 6.8M | 5.0M |
| Restructuring And Mergern Acquisition | -8.5M | 7.1M | -7.2M | 2.9M |
| Gain On Sale Of Security | 260,000 | 7,000 | 18,000 | 20,000 |
| Pretax Income | 72.0M | 34.1M | 65.8M | 49.1M |
| Tax Provision | 11.9M | 2.4M | 11.1M | 6.8M |
| Tax Effect Of Unusual Items | 3.6M | -501,473 | 1.2M | 699,031 |
| Net Income From Continuing And Discontinued Operation | 60.2M | 31.7M | 54.7M | 42.2M |
| Net Income From Continuing Operation Net Minority Interest | 60.2M | 31.7M | 54.7M | 42.2M |
| Net Income Including Noncontrolling Interests | 60.2M | 31.7M | 54.7M | 42.2M |
| Net Income Common Stockholders | 60.2M | 31.7M | 54.7M | 42.2M |
| Net Income | 60.2M | 31.7M | 54.7M | 42.2M |
| EBITDA | 115.1M | 85.2M | 106.4M | 86.3M |
| Normalized EBITDA | 93.6M | 92.2M | 99.6M | 81.2M |
| Reconciled Depreciation | 23.0M | 26.4M | 23.6M | 23.1M |
| Basic EPS | 1.89 | 0.94 | 1.62 | 1.25 |
| Diluted EPS | 1.89 | 0.93 | 1.56 | 1.20 |
| Basic Average Shares | 31.8M | 33.7M | 33.7M | 33.9M |
| Diluted Average Shares | 31.8M | 33.9M | 35.1M | 35.1M |
| Total Unusual Items | 21.5M | -7.1M | 6.9M | 5.0M |
| Total Unusual Items Excluding Goodwill | 21.5M | -7.1M | 6.9M | 5.0M |
| Tax Rate For Calcs | 0.17 | 0.07 | 0.17 | 0.14 |
| Normalized Income | 42.2M | 38.2M | 49.0M | 37.9M |
| Diluted NI Availto Com Stockholders | 60.2M | 31.7M | 54.7M | 42.2M |
| Impairment Of Capital Assets | -- | 0.00 | 332,000 | 42,000 |
| Net Income Continuous Operations | 60.2M | 31.7M | 54.7M | 42.2M |
| Net Non Operating Interest Income Expense | -21.5M | -26.2M | -18.3M | -15.4M |
| Other Gand A | 100.0M | 94.5M | 93.0M | 88.3M |
| Other Special Charges | -12.7M | -- | -- | -7.9M |
| Reconciled Cost Of Revenue | 741.9M | 861.6M | 839.8M | 676.9M |
| Selling And Marketing Expense | 45.2M | 56.9M | 59.7M | 50.8M |
| Total Expenses | 887.2M | 1.0B | 992.5M | 815.9M |
| Total Operating Income As Reported | 80.5M | 60.3M | 84.1M | 56.6M |
| Total Other Finance Cost | 1.5M | 1.5M | 1.3M | 1.3M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 15.5M | 7.3M | 155,000 | 443,000 |
| Cash Cash Equivalents And Short Term Investments | 20.0M | 10.5M | 5.8M | 983,000 |
| Cash Financial | 15.5M | 7.3M | 155,000 | 443,000 |
| Other Short Term Investments | 4.5M | 3.2M | 5.7M | 540,000 |
| Accounts Receivable | 91.1M | 99.4M | 95.0M | 85.6M |
| Receivables | 101.9M | 103.8M | 101.7M | 93.0M |
| Inventory | 289.2M | 295.6M | 472.3M | 308.2M |
| Prepaid Assets | 4.5M | 7.4M | 6.3M | 3.4M |
| Current Assets | 415.7M | 417.3M | 586.1M | 405.6M |
| Gross PPE | 278.1M | 264.8M | 242.8M | 234.0M |
| Accumulated Depreciation | -134.5M | -128.8M | -115.6M | -107.1M |
| Net PPE | 143.6M | 136.1M | 127.2M | 126.9M |
| Goodwill | 156.6M | 157.4M | 157.1M | 157.8M |
| Goodwill And Other Intangible Assets | 269.9M | 279.3M | 286.2M | 293.0M |
| Other Intangible Assets | 113.3M | 121.9M | 129.1M | 135.2M |
| Total Non Current Assets | 433.6M | 417.1M | 417.4M | 420.9M |
| Total Assets | 849.3M | 834.4M | 1.0B | 826.5M |
| Current Debt | 7.5M | 8.2M | 135.1M | 10.0M |
| Current Debt And Capital Lease Obligation | 11.9M | 12.8M | 139.7M | 14.3M |
| Accounts Payable | 134.5M | 133.1M | 172.8M | 149.5M |
| Payables | 140.7M | 133.2M | 172.9M | 149.5M |
| Payables And Accrued Expenses | 140.7M | 133.2M | 172.9M | 149.5M |
| Current Deferred Revenue | 2.6M | 2.8M | 3.0M | 1.6M |
| Other Current Liabilities | 2.6M | 2.0M | 5.4M | 6.8M |
| Current Liabilities | 170.7M | 163.4M | 336.4M | 187.0M |
| Long Term Debt | 211.3M | 233.8M | 238.2M | 245.0M |
| Long Term Debt And Capital Lease Obligation | 217.1M | 240.8M | 241.0M | 251.8M |
| Long Term Capital Lease Obligation | 5.8M | 7.0M | 2.8M | 6.9M |
| Other Non Current Liabilities | 9.7M | 6.0M | 5.7M | 7.9M |
| Total Non Current Liabilities Net Minority Interest | 272.9M | 285.2M | 293.7M | 306.9M |
| Total Liabilities Net Minority Interest | 443.6M | 448.5M | 630.1M | 493.9M |
| Common Stock | 85.5M | 113.2M | 113.1M | 113.5M |
| Capital Stock | 85.5M | 113.2M | 113.1M | 113.5M |
| Additional Paid In Capital | 15.5M | 15.4M | 17.5M | 17.5M |
| Retained Earnings | 338.8M | 280.6M | 265.3M | 220.0M |
| Gains Losses Not Affecting Retained Earnings | -34.1M | -23.4M | -22.5M | -18.4M |
| Other Equity Adjustments | -34.1M | -23.4M | -22.5M | -18.4M |
| Common Stock Equity | 405.7M | 385.9M | 373.4M | 332.5M |
| Stockholders Equity | 405.7M | 385.9M | 373.4M | 332.5M |
| Total Equity Gross Minority Interest | 405.7M | 385.9M | 373.4M | 332.5M |
| Total Capitalization | 617.0M | 619.6M | 611.6M | 577.5M |
| Net Tangible Assets | 135.8M | 106.6M | 87.2M | 39.6M |
| Tangible Book Value | 135.8M | 106.6M | 87.2M | 39.6M |
| Working Capital | 245.0M | 253.9M | 249.7M | 218.5M |
| Invested Capital | 624.5M | 627.8M | 746.7M | 587.5M |
| Total Debt | 229.0M | 253.6M | 380.7M | 266.2M |
| Net Debt | 203.3M | 234.7M | 373.1M | 254.6M |
| Share Issued | 29.7M | 33.0M | 33.2M | 33.3M |
| Ordinary Shares Number | 29.7M | 33.0M | 33.2M | 33.3M |
| Capital Lease Obligations | 10.2M | 11.6M | 7.4M | 11.2M |
| Current Capital Lease Obligation | 4.4M | 4.6M | 4.6M | 4.3M |
| Current Deferred Assets | 145,000 | 0.00 | -- | -- |
| Current Deferred Liabilities | 2.6M | 2.8M | 3.0M | 1.6M |
| Current Provisions | 121,000 | 154,000 | 189,000 | 172,000 |
| Employee Benefits | 8.2M | 9.9M | 8.9M | 13.0M |
| Finished Goods | 175.6M | 178.2M | 300.6M | 197.1M |
| Income Tax Payable | 6.2M | 100,000 | 163,000 | 35,000 |
| Land And Improvements | 93.6M | 90.2M | 87.7M | 86.5M |
| Leases | 27.7M | 25.1M | 17.2M | 17.3M |
| Line Of Credit | 0.00 | 2.6M | 127.6M | 4.4M |
| Machinery Furniture Equipment | 156.8M | 149.5M | 138.0M | 130.2M |
| Non Current Accounts Receivable | 18.7M | 1.8M | 4.0M | 1.0M |
| Non Current Deferred Assets | 1.3M | 0.00 | 0.00 | 24,000 |
| Non Current Deferred Liabilities | 35.1M | 28.5M | 38.1M | 34.2M |
| Non Current Deferred Taxes Assets | 1.2M | 0.00 | 0.00 | 24,000 |
| Non Current Deferred Taxes Liabilities | 35.1M | 28.5M | 38.1M | 34.2M |
| Other Current Borrowings | 7.5M | 5.6M | 7.5M | 5.6M |
| Other Receivables | 1.1M | 1.3M | 1.5M | 1.5M |
| Pensionand Other Post Retirement Benefit Plans Current | 12.7M | 12.4M | 15.2M | 14.7M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 113.5M | 117.4M | 171.7M | 111.1M |
| Taxes Receivable | 9.7M | 3.2M | 5.1M | 5.9M |
| Total Tax Payable | 6.2M | 100,000 | 163,000 | 35,000 |
| Tradeand Other Payables Non Current | 2.8M | 0.00 | -- | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 90.6M | 179.3M | -76.2M | 28.7M |
| Cash Flow From Continuing Operating Activities | 90.6M | 179.3M | -76.2M | 28.7M |
| Depreciation And Amortization | 23.0M | 26.4M | 23.6M | 23.1M |
| Depreciation Amortization Depletion | 23.0M | 26.4M | 23.6M | 23.1M |
| Stock Based Compensation | 7.6M | 1.5M | 2.9M | 7.8M |
| Deferred Tax | 11.9M | 2.4M | 11.1M | 6.8M |
| Deferred Income Tax | 11.9M | 2.4M | 11.1M | 6.8M |
| Change In Working Capital | 12.0M | 124.5M | -161.0M | -40.7M |
| Changes In Account Receivables | 5.7M | -3.5M | -11.4M | -26.6M |
| Change In Receivables | 5.7M | -3.5M | -11.4M | -26.6M |
| Change In Inventory | -1.6M | 179.4M | -173.5M | -57.2M |
| Change In Payables And Accrued Expense | 5.4M | -50.4M | 27.6M | 45.5M |
| Change In Other Working Capital | -24,000 | -38,000 | 29,000 | -3.2M |
| Other Non Cash Items | -1.1M | 26.2M | 18.3M | 7.5M |
| Capital Expenditure | -23.8M | -19.0M | -20.7M | -20.3M |
| Purchase Of PPE | -23.8M | -19.0M | -20.7M | -20.3M |
| Net PPE Purchase And Sale | -23.8M | -19.0M | -20.7M | -20.3M |
| Purchase Of Business | -16.4M | 0.00 | -- | -- |
| Investing Cash Flow | -40.2M | -18.8M | -20.7M | -20.3M |
| Cash Flow From Continuing Investing Activities | -40.2M | -18.8M | -20.7M | -20.3M |
| Issuance Of Debt | 1.1M | 0.00 | 124.1M | 4.5M |
| Repayment Of Debt | -13.2M | -137.4M | -10.7M | -35.4M |
| Net Issuance Payments Of Debt | -12.1M | -137.4M | 113.4M | -30.9M |
| Repurchase Of Capital Stock | -- | -- | -1.6M | -1.3M |
| Net Common Stock Issuance | -- | -- | -1.6M | -1.3M |
| Common Stock Dividend Paid | -13.6M | -13.1M | -10.8M | -8.2M |
| Common Stock Payments | -- | -- | -1.6M | -1.3M |
| Financing Cash Flow | -40.7M | -153.9M | 100.1M | -41.4M |
| Cash Flow From Continuing Financing Activities | -40.7M | -153.9M | 100.1M | -41.4M |
| Effect Of Exchange Rate Changes | -1.5M | 487,000 | -3.6M | 563,000 |
| Changes In Cash | 9.7M | 6.7M | 3.3M | -33.1M |
| Beginning Cash Position | 7.3M | 155,000 | 443,000 | 32.9M |
| End Cash Position | 15.5M | 7.3M | 155,000 | 443,000 |
| Free Cash Flow | 66.8M | 160.3M | -96.8M | 8.4M |
| Cash Dividends Paid | -13.6M | -13.1M | -10.8M | -8.2M |
| Change In Prepaid Assets | 2.6M | -1.1M | -3.7M | 750,000 |
| Interest Paid Cfo | -18.5M | -24.9M | -9.0M | -14.3M |
| Long Term Debt Issuance | 1.1M | 0.00 | -- | -- |
| Long Term Debt Payments | -10.3M | -12.5M | -10.7M | -35.4M |
| Net Business Purchase And Sale | -16.4M | 0.00 | -- | -- |
| Net Foreign Currency Exchange Gain Loss | -216,000 | 673,000 | -2.4M | 406,000 |
| Net Income From Continuing Operations | 60.2M | 31.7M | 54.7M | 42.2M |
| Net Long Term Debt Issuance | -9.1M | -12.5M | -10.7M | -35.4M |
| Net Other Financing Charges | -15.3M | -3.4M | -2.4M | -1.0M |
| Net Other Investing Changes | -- | 248,000 | -- | -- |
| Net Short Term Debt Issuance | -3.0M | -124.9M | 124.1M | 4.5M |
| Operating Gains Losses | -320,000 | 568,000 | -1.9M | 1.9M |
| Pension And Employee Benefit Expense | -849,000 | -298,000 | -324,000 | 1.2M |
| Proceeds From Stock Option Exercised | 280,000 | 0.00 | -- | -- |
| Short Term Debt Issuance | -- | -- | 124.1M | 4.5M |
| Short Term Debt Payments | -3.0M | -124.9M | -- | -- |
| Taxes Refund Paid | -4.1M | -9.0M | -14.7M | -5.6M |