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Martinrea International Inc.

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 5.0B 5.3B 4.8B 3.8B
Operating Revenue 5.0B 5.3B 4.8B 3.8B
Cost Of Revenue 4.4B 4.7B 4.2B 3.4B
Gross Profit 648.6M 675.4M 559.3M 345.6M
Selling General And Administration 321.6M 323.4M 276.1M 228.3M
Research And Development 42.2M 38.0M 36.9M 32.6M
Depreciation And Amortization In Income Statement 16.5M 17.7M 15.9M 15.3M
Operating Expense 380.3M 379.2M 329.0M 276.3M
Operating Income 268.2M 296.2M 230.3M 69.3M
EBIT 128.6M 277.5M 225.9M 80.2M
Interest Expense 76.0M 80.3M 51.8M 32.9M
Interest Expense Non Operating 76.0M 80.3M 51.8M 32.9M
Interest Income 1.0M 1.5M 382,000 --
Interest Income Non Operating 1.0M 1.5M 382,000 --
Net Interest Income -75.0M -78.8M -51.5M -32.1M
Other Income Expense -140.6M -20.3M -4.8M 10.0M
Special Income Charges -143.6M -21.8M -8.4M 1.4M
Restructuring And Mergern Acquisition 12.6M 27.3M 7.8M 5.5M
Gain On Sale Of Security 5.9M 5.2M 8.7M 12.6M
Earnings From Equity Interest -2.9M -3.6M -5.1M -3.9M
Pretax Income 52.6M 197.2M 174.0M 47.3M
Tax Provision 87.1M 43.5M 41.2M 11.4M
Tax Effect Of Unusual Items -20.7M -3.7M 76,314 3.4M
Net Income From Continuing And Discontinued Operation -34.5M 153.7M 132.8M 35.9M
Net Income From Continuing Operation Net Minority Interest -34.5M 153.7M 132.8M 35.9M
Net Income Including Noncontrolling Interests -34.5M 153.7M 132.8M 35.9M
Net Income Common Stockholders -34.5M 153.7M 132.8M 35.9M
Net Income -34.5M 153.7M 132.8M 35.9M
EBITDA 475.2M 597.9M 511.5M 328.4M
Normalized EBITDA 612.9M 614.6M 511.2M 314.5M
Reconciled Depreciation 346.5M 320.4M 285.6M 248.2M
Basic EPS -0.46 1.93 1.65 0.45
Diluted EPS -0.46 1.93 1.65 0.45
Basic Average Shares 75.5M 79.6M 80.4M 80.3M
Diluted Average Shares 75.5M 79.7M 80.4M 80.4M
Total Unusual Items -137.7M -16.7M 322,000 13.9M
Total Unusual Items Excluding Goodwill -137.7M -16.7M 322,000 13.9M
Tax Rate For Calcs 0.15 0.22 0.24 0.24
Normalized Income 82.5M 166.7M 132.6M 25.3M
Depreciation Amortization Depletion Income Statement 16.5M 17.7M 15.9M 15.3M
Depreciation Income Statement 16.5M 17.7M 15.9M 15.3M
Diluted NI Availto Com Stockholders -34.5M 153.7M 132.8M 35.9M
Gain On Sale Of Business 0.00 5.3M 4.0M 7.8M
Gain On Sale Of Ppe -1.5M 1.0M -133,000 -958,000
Impairment Of Capital Assets 129.4M 895,000 4.5M 0.00
Net Income Continuous Operations -34.5M 153.7M 132.8M 35.9M
Net Non Operating Interest Income Expense -75.0M -78.8M -51.5M -32.1M
Reconciled Cost Of Revenue 4.0B 4.4B 3.9B 3.2B
Total Expenses 4.7B 5.0B 4.5B 3.7B
Total Operating Income As Reported 124.6M 269.1M 217.8M 62.9M
Total Other Finance Cost -- -- -382,000 -833,000
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 168.0M 186.8M 161.7M 153.3M
Cash Cash Equivalents And Short Term Investments 168.0M 186.8M 161.7M 153.3M
Cash Financial 168.0M 186.8M 161.7M 153.3M
Accounts Receivable 571.1M 644.0M 737.2M 606.8M
Receivables 624.0M 703.0M 794.3M 648.0M
Inventory 508.2M 568.3M 665.3M 590.8M
Prepaid Assets 33.6M 33.9M 36.2M 23.9M
Current Assets 1.3B 1.5B 1.7B 1.4B
Gross PPE 4.8B 4.3B 4.1B 3.7B
Accumulated Depreciation -2.6B -2.1B -1.9B -1.8B
Net PPE 2.2B 2.2B 2.2B 2.0B
Goodwill And Other Intangible Assets 37.5M 42.7M 45.9M 47.8M
Other Intangible Assets 37.5M 42.7M 45.9M 47.8M
Investments And Advances 65.4M 60.2M 55.9M 55.2M
Long Term Equity Investment 51.5M 54.4M 52.7M 52.7M
Other Investments 850,000 750,000 500,000 0.00
Total Non Current Assets 2.5B 2.5B 2.5B 2.2B
Total Assets 3.8B 4.0B 4.1B 3.6B
Current Debt 10.4M 12.8M 16.2M 20.2M
Current Debt And Capital Lease Obligation 64.7M 61.3M 59.9M 59.5M
Accounts Payable 1.0B 1.2B 1.3B 1.1B
Payables 1.1B 1.2B 1.4B 1.1B
Payables And Accrued Expenses 1.1B 1.2B 1.4B 1.1B
Current Liabilities 1.1B 1.3B 1.4B 1.2B
Long Term Debt 971.0M 956.5M 1.1B 990.8M
Long Term Debt And Capital Lease Obligation 1.2B 1.2B 1.3B 1.2B
Long Term Capital Lease Obligation 189.2M 210.5M 229.5M 200.5M
Total Non Current Liabilities Net Minority Interest 1.2B 1.2B 1.3B 1.3B
Total Liabilities Net Minority Interest 2.4B 2.5B 2.8B 2.5B
Common Stock 601.2M 645.3M 663.6M 663.4M
Capital Stock 601.2M 645.3M 663.6M 663.4M
Additional Paid In Capital 46.1M 45.9M 45.6M 44.8M
Retained Earnings 609.0M 678.3M 543.6M 410.3M
Gains Losses Not Affecting Retained Earnings 210.8M 95.8M 124.1M 51.2M
Other Equity Adjustments 210.8M 95.8M 124.1M 51.2M
Common Stock Equity 1.5B 1.5B 1.4B 1.2B
Stockholders Equity 1.5B 1.5B 1.4B 1.2B
Total Equity Gross Minority Interest 1.5B 1.5B 1.4B 1.2B
Total Capitalization 2.4B 2.4B 2.4B 2.2B
Net Tangible Assets 1.4B 1.4B 1.3B 1.1B
Tangible Book Value 1.4B 1.4B 1.3B 1.1B
Working Capital 214.5M 203.1M 237.2M 232.7M
Invested Capital 2.4B 2.4B 2.4B 2.2B
Total Debt 1.2B 1.2B 1.3B 1.3B
Net Debt 813.5M 782.4M 908.7M 857.7M
Share Issued 72.8M 78.1M 80.4M 80.4M
Ordinary Shares Number 72.8M 78.1M 80.4M 80.4M
Buildings And Improvements 344.3M 316.3M 297.4M 247.8M
Capital Lease Obligations 243.4M 259.0M 273.1M 239.8M
Construction In Progress 232.8M 310.4M 399.1M 301.0M
Current Capital Lease Obligation 54.2M 48.5M 43.7M 39.3M
Current Provisions 6.9M 29.9M 7.9M 6.3M
Defined Pension Benefit 17.5M 16.3M 12.2M 8.1M
Employee Benefits 40.4M 37.3M 41.9M 57.6M
Finished Goods 51.1M 51.2M 54.8M 56.4M
Hedging Assets Current 2.3M 3.9M 2.1M 4.7M
Held To Maturity Securities 13.1M 5.0M 2.7M 2.5M
Income Tax Payable 25.3M 25.0M 39.2M 12.0M
Investmentin Financial Assets 13.1M 5.0M 2.7M 2.5M
Investments In Other Ventures Under Equity Method -- -- 2.7M 2.5M
Investmentsin Associatesat Cost 51.5M 54.4M 48.7M 48.7M
Investmentsin Joint Venturesat Cost -- 0.00 3.9M 3.9M
Land And Improvements 261.9M 240.8M 215.1M 179.2M
Leases 94.5M 86.0M 85.7M 74.7M
Machinery Furniture Equipment 40.6M 38.6M 39.6M 36.2M
Non Current Deferred Assets 199.5M 192.3M 166.7M 138.6M
Non Current Deferred Liabilities 31.7M 27.6M 18.3M 14.6M
Non Current Deferred Taxes Assets 199.5M 192.3M 166.7M 138.6M
Non Current Deferred Taxes Liabilities 31.7M 27.6M 18.3M 14.6M
Non Current Pension And Other Postretirement Benefit Plans 40.4M 37.3M 41.9M 57.6M
Other Current Borrowings 10.4M 12.8M 16.2M 20.2M
Other Properties 3.8B 3.3B 3.0B 2.9B
Other Receivables 40.1M 47.9M 50.6M 22.7M
Raw Materials 256.2M 256.0M 269.5M 226.1M
Taxes Receivable 12.8M 11.1M 6.5M 18.6M
Total Tax Payable 25.3M 25.0M 39.2M 12.0M
Work In Process 200.9M 261.0M 340.9M 308.2M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 433.3M 511.1M 437.8M 180.0M
Cash Flow From Continuing Operating Activities 433.3M 511.1M 437.8M 180.0M
Depreciation And Amortization 346.5M 320.4M 285.6M 248.2M
Depreciation Amortization Depletion 346.5M 320.4M 285.6M 248.2M
Stock Based Compensation 4.6M 14.5M 7.8M 52,000
Deferred Tax 87.1M 43.5M 41.2M 11.4M
Deferred Income Tax 87.1M 43.5M 41.2M 11.4M
Change In Working Capital -23.7M 81.7M -145,000 -69.7M
Change In Receivables 130.3M 89.9M -116.1M -57.2M
Change In Inventory 90.6M 89.0M -45.0M -109.5M
Change In Payables And Accrued Expense -246.4M -99.3M 172.1M 100.2M
Change In Payable -246.4M -99.3M 172.1M 100.2M
Other Non Cash Items 76.0M 80.3M 51.8M 32.9M
Capital Expenditure -282.7M -303.5M -383.8M -298.8M
Purchase Of PPE -275.5M -295.3M -376.4M -290.2M
Net PPE Purchase And Sale -270.1M -292.9M -373.1M -289.3M
Purchase Of Business -- -2.6M -1.5M -8.0M
Purchase Of Investment -8.1M -2.6M -- --
Net Investment Purchase And Sale -8.1M -2.6M -- --
Investing Cash Flow -285.5M -303.8M -381.3M -305.9M
Cash Flow From Continuing Investing Activities -285.5M -303.8M -381.3M -305.9M
Issuance Of Debt -- -- 37.5M 197.3M
Repayment Of Debt -91.2M -136.0M -63.3M -52.0M
Net Issuance Payments Of Debt -91.2M -136.0M -25.8M 145.2M
Repurchase Of Capital Stock -61.3M -29.1M 0.00 --
Net Common Stock Issuance -61.3M -29.1M 0.00 --
Common Stock Dividend Paid -15.2M -16.0M -16.1M -16.1M
Common Stock Payments -61.3M -29.1M 0.00 --
Financing Cash Flow -167.4M -180.7M -41.7M 129.9M
Cash Flow From Continuing Financing Activities -167.4M -180.7M -41.7M 129.9M
Effect Of Exchange Rate Changes 792,000 -1.5M -6.4M -3.6M
Changes In Cash -19.6M 26.6M 14.8M 4.1M
Beginning Cash Position 186.8M 161.7M 153.3M 152.8M
End Cash Position 168.0M 186.8M 161.7M 153.3M
Free Cash Flow 150.5M 207.6M 54.0M -118.7M
Amortization Cash Flow 11.1M 10.3M 10.9M 12.8M
Amortization Of Intangibles 11.1M 10.3M 10.9M 12.8M
Asset Impairment Charge 129.4M 895,000 4.5M 0.00
Capital Expenditure Reported -7.2M -8.2M -7.4M -8.5M
Cash Dividends Paid -15.2M -16.0M -16.1M -16.1M
Change In Account Payable -246.4M -99.3M 172.1M 100.2M
Change In Prepaid Assets 1.8M 2.0M -11.2M -3.3M
Depreciation 335.5M 310.1M 274.7M 235.4M
Earnings Losses From Equity Investments 2.9M 3.6M 5.1M 3.9M
Gain Loss On Investment Securities -2.3M -3.9M -2.1M -4.7M
Gain Loss On Sale Of Business 0.00 -5.3M -4.0M -7.8M
Gain Loss On Sale Of PPE 1.5M -1.0M 133,000 958,000
Interest Paid Cfo -85.9M -96.2M -63.3M -35.0M
Long Term Debt Issuance -- -- 37.5M 197.3M
Long Term Debt Payments -91.2M -136.0M -63.3M -52.0M
Net Business Purchase And Sale -- -2.6M -1.5M -8.0M
Net Income From Continuing Operations -34.5M 153.7M 132.8M 35.9M
Net Long Term Debt Issuance -91.2M -136.0M -25.8M 145.2M
Net Other Investing Changes -- -- 682,000 --
Operating Gains Losses 298,000 -5.5M -138,000 -7.0M
Pension And Employee Benefit Expense -1.8M 1.2M 819,000 640,000
Proceeds From Stock Option Exercised 270,000 261,000 171,000 749,000
Sale Of PPE 5.4M 2.4M 3.4M 944,000
Taxes Refund Paid -66.6M -82.2M -22.5M -36.6M
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