Magellan Aerospace 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 | 942.4M | 879.6M | 764.6M | 688.4M |
| Operating Revenue | 942.4M | 879.6M | 764.6M | 688.4M |
| Cost Of Revenue | 834.5M | 790.6M | 729.5M | 640.0M |
| Gross Profit | 107.9M | 89.0M | 35.1M | 48.3M |
| Selling General And Administration | 53.4M | 54.0M | 45.8M | 41.5M |
| General And Administrative Expense | 53.4M | 54.0M | 45.8M | 41.5M |
| Depreciation And Amortization In Income Statement | 3.6M | 3.3M | 2.9M | 3.0M |
| Operating Expense | 56.9M | 57.3M | 48.7M | 44.6M |
| Operating Income | 51.0M | 31.7M | -13.6M | 3.8M |
| EBIT | 51.7M | 24.4M | -15.9M | 4.5M |
| Interest Expense | 3.9M | 3.5M | 2.7M | 2.6M |
| Interest Expense Non Operating | 3.9M | 3.5M | 2.7M | 2.6M |
| Net Interest Income | -4.2M | -3.7M | -2.8M | -2.9M |
| Other Income Expense | 1.0M | -7.1M | -2.1M | 993,000 |
| Other Non Operating Income Expenses | -1.7M | -39,000 | 162,000 | 3.2M |
| Special Income Charges | -15,000 | -2.2M | -4.6M | -2.2M |
| Restructuring And Mergern Acquisition | 0.00 | 1.7M | 3.9M | 2.2M |
| Gain On Sale Of Security | 2.7M | -4.8M | 2.3M | -- |
| Pretax Income | 47.8M | 20.9M | -18.6M | 1.9M |
| Tax Provision | 12.3M | 11.7M | 3.1M | 2.8M |
| Tax Effect Of Unusual Items | 685,419 | -2.8M | -603,616 | -578,230 |
| Net Income From Continuing And Discontinued Operation | 35.5M | 9.2M | -21.7M | -977,000 |
| Net Income From Continuing Operation Net Minority Interest | 35.5M | 9.2M | -21.7M | -977,000 |
| Net Income Including Noncontrolling Interests | 35.5M | 9.2M | -21.7M | -977,000 |
| Net Income Common Stockholders | 35.5M | 9.2M | -21.7M | -977,000 |
| Net Income | 35.5M | 9.2M | -21.7M | -977,000 |
| EBITDA | 96.4M | 71.0M | 31.5M | 56.4M |
| Normalized EBITDA | 93.7M | 78.0M | 33.8M | 58.6M |
| Reconciled Depreciation | 44.7M | 46.6M | 47.4M | 51.9M |
| Basic EPS | 0.62 | 0.16 | -0.38 | -0.02 |
| Diluted EPS | 0.62 | 0.16 | -0.38 | -0.02 |
| Basic Average Shares | 57.4M | 57.2M | 57.4M | 57.7M |
| Diluted Average Shares | 57.4M | 57.2M | 57.4M | 57.7M |
| Total Unusual Items | 2.7M | -7.0M | -2.3M | -2.2M |
| Total Unusual Items Excluding Goodwill | 2.7M | -7.0M | -2.3M | -2.2M |
| Tax Rate For Calcs | 0.26 | 0.40 | 0.26 | 0.27 |
| Normalized Income | 33.5M | 13.5M | -20.0M | 626,770 |
| Amortization | -- | -- | 2.9M | 3.0M |
| Amortization Of Intangibles Income Statement | -- | -- | 2.9M | 3.0M |
| Depreciation Amortization Depletion Income Statement | 3.6M | 3.3M | 2.9M | 3.0M |
| Diluted NI Availto Com Stockholders | 35.5M | 9.2M | -21.7M | -977,000 |
| Gain On Sale Of Ppe | -218,000 | -17,000 | -22,000 | -- |
| Impairment Of Capital Assets | -- | -- | -- | 0.00 |
| Net Income Continuous Operations | 35.5M | 9.2M | -21.7M | -977,000 |
| Net Non Operating Interest Income Expense | -4.2M | -3.7M | -2.8M | -2.9M |
| Other Gand A | 21.9M | 22.4M | 20.0M | 16.3M |
| Other Special Charges | -203,000 | 433,000 | 631,000 | -- |
| Reconciled Cost Of Revenue | 793.3M | 747.3M | 685.0M | 591.1M |
| Salaries And Wages | 31.4M | 31.6M | 25.8M | 25.3M |
| Total Expenses | 891.4M | 847.9M | 778.2M | 684.6M |
| Total Other Finance Cost | 289,000 | 231,000 | 101,000 | 248,000 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 56.4M | 8.7M | 40.9M | 32.5M |
| Cash Cash Equivalents And Short Term Investments | 56.4M | 8.7M | 40.9M | 32.5M |
| Cash Equivalents | 31.2M | 5.6M | 2.7M | 16.7M |
| Cash Financial | 25.2M | 3.2M | 38.2M | 15.8M |
| Accounts Receivable | 187.9M | 182.5M | 135.6M | 140.3M |
| Receivables | 290.8M | 280.4M | 235.0M | 230.6M |
| Inventory | 284.1M | 258.4M | 226.4M | 208.6M |
| Prepaid Assets | -- | -- | 10.0M | 9.7M |
| Other Current Assets | 11.7M | 10.4M | 10.0M | 9.7M |
| Current Assets | 643.1M | 558.0M | 512.3M | 481.3M |
| Gross PPE | 1.1B | 974.9M | 979.8M | 953.3M |
| Accumulated Depreciation | -650.7M | -588.3M | -564.9M | -522.1M |
| Net PPE | 413.4M | 386.6M | 414.9M | 431.2M |
| Goodwill | 23.9M | 22.2M | 22.2M | 21.8M |
| Goodwill And Other Intangible Assets | 60.2M | 59.6M | 63.6M | 69.6M |
| Other Intangible Assets | 36.2M | 37.4M | 41.4M | 47.8M |
| Other Non Current Assets | 14.1M | 13.1M | 9.7M | 11.6M |
| Total Non Current Assets | 503.2M | 474.3M | 498.6M | 522.5M |
| Total Assets | 1.1B | 1.0B | 1.0B | 1.0B |
| Current Debt | 24.1M | 27.4M | 6.2M | 10.3M |
| Current Debt And Capital Lease Obligation | 30.6M | 32.2M | 11.6M | 10.3M |
| Accounts Payable | 59.0M | 66.0M | 69.3M | 52.1M |
| Payables | 59.0M | 66.0M | 69.3M | 52.1M |
| Payables And Accrued Expenses | 134.3M | 138.8M | 131.6M | 103.4M |
| Current Accrued Expenses | 75.3M | 72.9M | 62.3M | 51.3M |
| Current Deferred Revenue | 67.2M | 28.0M | 36.1M | 17.7M |
| Current Liabilities | 237.7M | 202.9M | 181.6M | 133.6M |
| Long Term Debt | 24.2M | 24.2M | 23.9M | 26.9M |
| Long Term Debt And Capital Lease Obligation | 55.8M | 48.5M | 51.7M | 57.5M |
| Long Term Capital Lease Obligation | 31.6M | 24.3M | 27.8M | 30.6M |
| Other Non Current Liabilities | 13.8M | 6.1M | 7.2M | 7.2M |
| Total Non Current Liabilities Net Minority Interest | 105.7M | 92.0M | 97.6M | 104.3M |
| Total Liabilities Net Minority Interest | 343.4M | 294.9M | 279.2M | 238.0M |
| Common Stock | 249.8M | 250.1M | 251.1M | 252.3M |
| Capital Stock | 249.8M | 250.1M | 251.1M | 252.3M |
| Additional Paid In Capital | 15.6M | 15.6M | 15.6M | 15.6M |
| Retained Earnings | 480.6M | 447.0M | 443.0M | 480.0M |
| Gains Losses Not Affecting Retained Earnings | 53.4M | 21.3M | 18.7M | 14.5M |
| Other Equity Adjustments | -- | -- | 18.7M | 14.5M |
| Common Stock Equity | 799.4M | 734.0M | 728.4M | 762.4M |
| Stockholders Equity | 799.4M | 734.0M | 728.4M | 762.4M |
| Total Equity Gross Minority Interest | 802.8M | 737.4M | 731.7M | 765.8M |
| Minority Interest | 3.4M | 3.4M | 3.4M | 3.4M |
| Total Capitalization | 823.7M | 758.2M | 752.3M | 789.3M |
| Net Tangible Assets | 739.2M | 674.5M | 664.7M | 692.9M |
| Tangible Book Value | 739.2M | 674.5M | 664.7M | 692.9M |
| Working Capital | 405.4M | 355.2M | 330.7M | 347.6M |
| Invested Capital | 847.8M | 785.6M | 758.5M | 799.6M |
| Total Debt | 86.4M | 80.7M | 63.3M | 67.8M |
| Net Debt | -- | 42.8M | -- | 4.6M |
| Share Issued | 57.1M | 57.2M | 57.4M | 57.7M |
| Ordinary Shares Number | 57.1M | 57.2M | 57.4M | 57.7M |
| Allowance For Doubtful Accounts Receivable | -411,000 | -380,000 | -751,000 | -461,000 |
| Buildings And Improvements | 193.0M | 168.1M | 176.7M | 171.6M |
| Capital Lease Obligations | 38.1M | 29.1M | 33.2M | 30.6M |
| Current Capital Lease Obligation | 6.5M | 4.8M | 5.5M | -- |
| Current Deferred Assets | -- | -- | -- | 66.3M |
| Current Deferred Liabilities | 67.2M | 28.0M | 36.1M | 17.7M |
| Current Provisions | 5.6M | 3.9M | 2.2M | 2.3M |
| Finished Goods | 36.0M | 32.7M | 34.6M | 41.0M |
| Foreign Currency Translation Adjustments | 53.4M | 21.3M | 18.7M | -- |
| Gross Accounts Receivable | 188.3M | 182.9M | 136.4M | 140.7M |
| Investment Properties | 6.8M | 6.6M | 1.6M | 1.7M |
| Land And Improvements | 24.9M | 23.4M | 24.5M | 23.9M |
| Line Of Credit | 19.9M | 22.7M | 0.00 | -- |
| Machinery Furniture Equipment | 780.2M | 722.1M | 717.3M | 700.9M |
| Non Current Deferred Assets | 8.6M | 8.4M | 8.7M | 8.5M |
| Non Current Deferred Liabilities | 36.0M | 37.4M | 38.7M | 39.6M |
| Non Current Deferred Taxes Assets | 8.6M | 8.4M | 8.7M | 8.5M |
| Non Current Deferred Taxes Liabilities | 36.0M | 37.4M | 38.7M | 39.6M |
| Other Current Borrowings | 4.3M | 4.6M | 6.2M | 10.3M |
| Other Properties | 66.0M | 61.2M | 61.4M | 57.0M |
| Other Receivables | 103.0M | 97.9M | 99.4M | 90.3M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 74.7M | 75.7M | 68.7M | 62.5M |
| Work In Process | 173.4M | 150.0M | 123.1M | 105.1M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 99.3M | -17.3M | 58.5M | 12.5M |
| Cash Flow From Continuing Operating Activities | 99.3M | -17.3M | 58.5M | 12.5M |
| Depreciation And Amortization | 44.7M | 46.6M | 47.4M | 51.9M |
| Depreciation Amortization Depletion | 44.7M | 46.6M | 47.4M | 51.9M |
| Deferred Tax | -4.4M | -1.4M | -3.0M | -7.6M |
| Deferred Income Tax | -4.4M | -1.4M | -3.0M | -7.6M |
| Change In Working Capital | 19.5M | -77.2M | 30.2M | -33.8M |
| Changes In Account Receivables | 8.1M | -42.0M | -3.2M | -50.3M |
| Change In Receivables | -2.1M | -46.1M | -786,000 | -46.5M |
| Change In Inventory | -12.8M | -32.0M | -15.8M | 3.2M |
| Change In Payables And Accrued Expense | -11.0M | 9.5M | 28.7M | 7.2M |
| Change In Payable | -11.0M | 9.5M | 28.7M | 7.2M |
| Change In Other Working Capital | 46.1M | -8.2M | 18.5M | -- |
| Other Non Cash Items | 2.4M | 2.5M | 2.1M | 2.6M |
| Capital Expenditure | -36.1M | -24.3M | -24.5M | -22.3M |
| Purchase Of PPE | -36.1M | -19.2M | -23.5M | -17.7M |
| Net PPE Purchase And Sale | -36.0M | -19.0M | -22.9M | -17.2M |
| Investing Cash Flow | -35.1M | -23.7M | -23.9M | -20.8M |
| Cash Flow From Continuing Investing Activities | -35.1M | -23.7M | -23.9M | -20.8M |
| Issuance Of Debt | 9,000 | 691,000 | 0.00 | -- |
| Repayment Of Debt | -6.8M | -7.8M | -9.0M | -48.8M |
| Net Issuance Payments Of Debt | -11.2M | 15.6M | -9.0M | -48.8M |
| Repurchase Of Capital Stock | -689,000 | -1.6M | -2.1M | 0.00 |
| Net Common Stock Issuance | -689,000 | -1.6M | -2.1M | 0.00 |
| Common Stock Dividend Paid | -5.7M | -5.7M | -15.0M | -24.2M |
| Common Stock Payments | -689,000 | -1.6M | -2.1M | 0.00 |
| Financing Cash Flow | -17.6M | 8.2M | -26.3M | -73.0M |
| Cash Flow From Continuing Financing Activities | -17.6M | 8.2M | -26.3M | -73.0M |
| Effect Of Exchange Rate Changes | 1.2M | 543,000 | 48,000 | -169,000 |
| Changes In Cash | 46.6M | -32.8M | 8.4M | -81.3M |
| Beginning Cash Position | 8.7M | 40.9M | 32.5M | 113.9M |
| End Cash Position | 56.4M | 8.7M | 40.9M | 32.5M |
| Free Cash Flow | 63.2M | -41.6M | 34.1M | -9.8M |
| Income Tax Paid Supplemental Data | 13.9M | 2.4M | 7.2M | 13.8M |
| Interest Paid Supplemental Data | 1.8M | 1.1M | 282,000 | 505,000 |
| Asset Impairment Charge | 0.00 | 1.2M | 2.5M | 0.00 |
| Cash Dividends Paid | -5.7M | -5.7M | -15.0M | -24.2M |
| Change In Account Payable | -11.0M | 9.5M | 28.7M | 7.2M |
| Change In Prepaid Assets | -737,000 | -382,000 | -437,000 | 2.2M |
| Earnings Losses From Equity Investments | -908,000 | -363,000 | -269,000 | 6,000 |
| Gain Loss On Investment Securities | -- | -- | -- | -608,000 |
| Gain Loss On Sale Of PPE | 218,000 | -3,000 | 22,000 | 336,000 |
| Long Term Debt Issuance | 9,000 | 691,000 | -- | -- |
| Long Term Debt Payments | -6.8M | -7.8M | -9.0M | -9.3M |
| Net Income From Continuing Operations | 35.5M | 9.2M | -21.7M | -977,000 |
| Net Intangibles Purchase And Sale | 948,000 | -5.1M | -969,000 | -4.6M |
| Net Investment Properties Purchase And Sale | 0.00 | 354,000 | 0.00 | 1.0M |
| Net Long Term Debt Issuance | -6.8M | -7.1M | -9.0M | -9.3M |
| Net Other Financing Charges | -53,000 | -16,000 | -225,000 | 6,000 |
| Net Short Term Debt Issuance | -4.4M | 22.7M | 0.00 | -39.4M |
| Operating Gains Losses | 1.6M | 1.8M | 1.0M | 319,000 |
| Pension And Employee Benefit Expense | 2.3M | 2.1M | 1.2M | 585,000 |
| Purchase Of Intangibles | -- | -5.1M | -969,000 | -4.6M |
| Sale Of Investment Properties | 0.00 | 354,000 | 0.00 | 1.0M |
| Sale Of PPE | 47,000 | 212,000 | 607,000 | 509,000 |
| Short Term Debt Issuance | -- | 15.5M | 0.00 | -- |
| Short Term Debt Payments | -- | -- | 0.00 | -39.4M |