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Melcor Developments Ltd.

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 349.5M 315.2M 241.7M 315.6M
Operating Revenue 252.3M 222.1M 148.4M 227.0M
Cost Of Revenue 192.1M 172.9M 123.5M 175.5M
Gross Profit 157.4M 142.4M 118.3M 140.1M
Selling General And Administration 29.7M 22.6M 22.7M 21.6M
General And Administrative Expense 28.4M 21.7M 21.5M 21.0M
Depreciation And Amortization In Income Statement 277,000 311,000 345,000 382,000
Other Operating Expenses -- -- -- 31.5M
Operating Expense 30.0M 22.9M 23.0M 21.9M
Operating Income 127.4M 119.4M 95.2M 118.2M
EBIT 81.8M 103.5M 136.8M 101.7M
Interest Expense 26.8M 27.7M 24.4M 22.9M
Interest Expense Non Operating 26.8M 27.7M 24.4M 22.9M
Interest Income 2.8M 3.2M 1.6M 572,000
Interest Income Non Operating 2.8M 3.2M 1.6M 572,000
Net Interest Income -29.7M -31.3M -15.8M -27.4M
Other Income Expense -42.7M -12.4M 33.0M -11.9M
Other Non Operating Income Expenses -14.8M 11.9M 10.1M -31.5M
Special Income Charges 58,000 51,000 40,000 151,000
Gain On Sale Of Security -28.0M -24.3M 22.8M 19.4M
Pretax Income 54.9M 75.8M 112.4M 78.9M
Tax Provision 21.4M 12.8M 23.1M 22.6M
Tax Effect Of Unusual Items -10.9M -4.1M 4.7M 5.6M
Net Income From Continuing And Discontinued Operation 33.5M 63.0M 89.4M 56.3M
Net Income From Continuing Operation Net Minority Interest 33.5M 63.0M 89.4M 56.3M
Net Income Including Noncontrolling Interests 33.5M 63.0M 89.4M 56.3M
Net Income Common Stockholders 33.5M 63.0M 89.4M 56.3M
Net Income 33.5M 63.0M 89.4M 56.3M
EBITDA 83.0M 104.8M 138.2M 103.1M
Normalized EBITDA 110.9M 129.0M 115.3M 83.5M
Reconciled Depreciation 1.2M 1.3M 1.4M 1.3M
Basic EPS 1.10 2.04 2.75 1.70
Diluted EPS 1.09 2.03 2.74 1.70
Basic Average Shares 30.5M 30.9M 32.5M 33.0M
Diluted Average Shares 30.7M 31.1M 32.6M 33.2M
Total Unusual Items -27.9M -24.2M 22.9M 19.6M
Total Unusual Items Excluding Goodwill -27.9M -24.2M 22.9M 19.6M
Tax Rate For Calcs 0.39 0.17 0.21 0.29
Normalized Income 50.6M 83.1M 71.2M 42.3M
Depreciation Amortization Depletion Income Statement 277,000 311,000 345,000 382,000
Depreciation Income Statement 277,000 311,000 345,000 382,000
Diluted NI Availto Com Stockholders 33.5M 63.0M 89.4M 56.3M
Gain On Sale Of Ppe 58,000 51,000 40,000 151,000
Net Income Continuous Operations 33.5M 63.0M 89.4M 56.3M
Net Non Operating Interest Income Expense -29.7M -31.3M -15.8M -27.4M
Other Gand A 13.4M 8.3M 9.0M 8.1M
Reconciled Cost Of Revenue 191.1M 171.9M 122.5M 174.6M
Salaries And Wages 15.0M 13.4M 12.6M 12.9M
Selling And Marketing Expense 1.3M 965,000 1.1M 526,000
Total Expenses 222.1M 195.8M 146.5M 197.4M
Total Operating Income As Reported 84.2M 106.9M 127.0M 106.2M
Total Other Finance Cost 5.7M 6.7M -7.0M 5.1M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 54.3M 34.7M 80.5M 59.9M
Cash Cash Equivalents And Short Term Investments 58.1M 34.7M 80.5M 59.9M
Other Short Term Investments 3.8M 0.00 -- --
Accounts Receivable 175.3M 136.7M 109.7M 137.8M
Receivables 180.2M 139.7M 113.6M 138.2M
Inventory 708.0M 728.0M 749.5M 725.8M
Current Assets 995.6M 937.9M 965.8M 928.7M
Gross PPE 11.3M 11.7M 12.2M 12.9M
Net PPE 11.3M 11.7M 12.2M 12.9M
Other Non Current Assets 49.8M 51.7M 52.0M 46.6M
Total Non Current Assets 1.1B 1.2B 1.2B 1.2B
Total Assets 2.1B 2.1B 2.2B 2.1B
Accounts Payable 19.3M 18.7M 19.3M 9.8M
Payables 57.5M 47.7M 51.7M 54.6M
Payables And Accrued Expenses 57.5M 47.7M 51.7M 54.6M
Current Liabilities 57.5M 47.7M 51.7M 54.6M
Long Term Debt 611.3M 670.2M 740.4M 716.9M
Long Term Debt And Capital Lease Obligation 611.3M 670.2M 740.4M 716.9M
Other Non Current Liabilities 68.1M 53.8M 71.9M 88.3M
Total Non Current Liabilities Net Minority Interest 808.4M 840.2M 937.0M 942.8M
Total Liabilities Net Minority Interest 865.9M 887.9M 988.7M 997.5M
Common Stock 69.9M 69.5M 70.2M 73.3M
Capital Stock 69.9M 69.5M 70.2M 73.3M
Additional Paid In Capital 4.8M 5.0M 4.8M 4.7M
Retained Earnings 1.1B 1.1B 1.1B 1.0B
Gains Losses Not Affecting Retained Earnings 41.0M 24.7M 29.6M 17.9M
Other Equity Adjustments 41.0M 24.7M 29.6M 17.9M
Common Stock Equity 1.2B 1.2B 1.2B 1.1B
Stockholders Equity 1.2B 1.2B 1.2B 1.1B
Total Equity Gross Minority Interest 1.2B 1.2B 1.2B 1.1B
Total Capitalization 1.9B 1.9B 1.9B 1.8B
Net Tangible Assets 1.2B 1.2B 1.2B 1.1B
Tangible Book Value 1.2B 1.2B 1.2B 1.1B
Working Capital 938.1M 890.2M 914.1M 874.1M
Invested Capital 1.9B 1.9B 1.9B 1.8B
Total Debt 611.3M 670.2M 740.4M 716.9M
Net Debt 557.0M 635.5M 659.9M 657.0M
Share Issued 30.4M 30.7M 31.2M 33.0M
Ordinary Shares Number 30.4M 30.7M 31.2M 33.0M
Assets Held For Sale Current 48.0M 33.8M 19.5M 0.00
Buildings And Improvements 4.0M 4.2M 4.4M 4.5M
Dividends Payable 0.00 519,000 519,000 519,000
Financial Assets 2.4M 4.2M 6.4M 0.00
Finished Goods 708.0M 728.0M 749.5M 725.8M
Income Tax Payable 7.4M 1.2M 336,000 5.9M
Investment Properties 1.0B 1.1B 1.1B 1.1B
Land And Improvements 1.3M 1.3M 1.3M 1.3M
Long Term Provisions 61.8M 52.0M 60.1M 81.3M
Machinery Furniture Equipment -- -- -- 2.5M
Non Current Deferred Liabilities 67.2M 64.3M 64.7M 56.3M
Non Current Deferred Taxes Liabilities 67.2M 64.3M 64.7M 56.3M
Non Current Prepaid Assets 5.1M 7.1M 5.8M 6.9M
Other Payable 30.9M 27.2M 31.6M 38.4M
Other Properties 6.0M 6.2M 6.6M 7.1M
Properties 0.00 0.00 0.00 0.00
Restricted Cash 1.3M 1.7M 2.8M 4.8M
Taxes Receivable 4.9M 3.0M 3.9M 323,000
Total Tax Payable 7.4M 1.2M 336,000 5.9M
Unrealized Gain Loss -- -- 29.6M 17.9M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 98.6M 48.8M 18.4M 72.8M
Cash Flow From Continuing Operating Activities 98.6M 48.8M 18.4M 72.8M
Depreciation And Amortization 1.2M 1.3M 1.4M 1.3M
Depreciation Amortization Depletion 1.2M 1.3M 1.4M 1.3M
Stock Based Compensation 1.2M 1.1M 841,000 1.1M
Deferred Tax 3.0M -336,000 8.2M 4.7M
Deferred Income Tax 3.0M -336,000 8.2M 4.7M
Change In Working Capital 14.0M -17.4M -20.6M 3.4M
Changes In Account Receivables -31.3M -28.8M 30.5M -54.4M
Change In Receivables -31.3M -28.8M 30.5M -54.4M
Change In Inventory 40.5M 12.1M -44.6M 35.1M
Change In Other Working Capital 4.8M -591,000 -6.5M 22.8M
Other Non Cash Items 17.3M -23.2M -39.2M 25.4M
Capital Expenditure -931,000 -718,000 -735,000 -1.2M
Purchase Of PPE -931,000 -718,000 -735,000 -1.2M
Net PPE Purchase And Sale -931,000 -718,000 -735,000 -1.2M
Purchase Of Investment -5.1M 0.00 -- --
Sale Of Investment 1.3M 0.00 -- --
Net Investment Purchase And Sale -3.8M 0.00 -- --
Investing Cash Flow 2.7M 4.6M 18.3M -17.7M
Cash Flow From Continuing Investing Activities 2.7M 4.6M 18.3M -17.7M
Issuance Of Debt 37.4M 24.4M 146.6M 149.7M
Repayment Of Debt -101.5M -95.6M -123.8M -156.1M
Net Issuance Payments Of Debt -64.1M -71.1M 22.8M -6.4M
Issuance Of Capital Stock -- 0.00 31,000 224,000
Repurchase Of Capital Stock -4.6M -8.1M -21.4M -3.4M
Net Common Stock Issuance -4.6M -8.1M -21.4M -3.1M
Common Stock Dividend Paid -13.4M -19.8M -18.7M -14.5M
Common Stock Payments -4.6M -8.1M -21.4M -3.4M
Financing Cash Flow -82.1M -99.0M -17.3M -24.6M
Cash Flow From Continuing Financing Activities -82.1M -99.0M -17.3M -24.6M
Effect Of Exchange Rate Changes 422,000 -252,000 1.1M 131,000
Changes In Cash 19.2M -45.5M 19.4M 30.6M
Beginning Cash Position 34.7M 80.5M 59.9M 29.2M
End Cash Position 54.3M 34.7M 80.5M 59.9M
Free Cash Flow 97.7M 48.1M 17.6M 71.6M
Cash Dividends Paid -13.4M -19.8M -18.7M -14.5M
Common Stock Issuance -- 0.00 31,000 224,000
Depreciation 1.2M 1.3M 1.4M 1.3M
Gain Loss On Investment Securities 28.4M 24.5M -21.6M -19.4M
Long Term Debt Issuance 37.4M 24.4M 146.6M 132.6M
Long Term Debt Payments -101.5M -95.6M -123.8M -156.1M
Net Income From Continuing Operations 33.5M 63.0M 89.4M 56.3M
Net Investment Properties Purchase And Sale -9.2M -13.7M 19.0M -16.7M
Net Long Term Debt Issuance -64.1M -71.1M 22.8M -23.5M
Net Other Financing Charges -- -- -25,000 -533,000
Net Other Investing Changes 16.5M 19.1M 74,000 283,000
Net Short Term Debt Issuance -- -- 41.4M 17.1M
Operating Gains Losses 28.4M 24.4M -21.6M -19.5M
Purchase Of Investment Properties -16.2M -21.6M -16.0M -24.2M
Sale Of Investment Properties 7.0M 7.8M 35.0M 7.4M
Short Term Debt Issuance -- -- 41.4M 17.1M
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