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MTY Food Group Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2024Nov 30, 2024 FY 2023Nov 30, 2023 FY 2022Nov 30, 2022 FY 2021Nov 30, 2021
Total Revenue 1.2B 1.2B 716.5M 551.9M
Operating Revenue 1.1B 1.2B 704.9M 541.2M
Cost Of Revenue 740.4M 738.9M 460.7M 344.6M
Gross Profit 419.2M 430.5M 255.9M 207.3M
Selling General And Administration 49.0M 47.9M 35.9M 24.8M
General And Administrative Expense 29.2M 28.8M 25.7M 17.8M
Depreciation And Amortization In Income Statement 91.8M 89.5M 51.0M 44.6M
Other Operating Expenses 106.2M 108.6M 35.8M 16.3M
Operating Expense 248.0M 249.2M 124.8M 85.7M
Operating Income 171.2M 181.3M 131.1M 121.5M
EBIT 73.5M 173.5M 111.8M 124.5M
Interest Expense 57.7M 63.5M 15.6M 12.4M
Interest Expense Non Operating 57.7M 63.5M 15.6M 12.4M
Interest Income 627,000 1.0M 253,000 198,000
Interest Income Non Operating 627,000 1.0M 253,000 198,000
Net Interest Income -57.1M -62.5M -15.4M -12.2M
Other Income Expense -98.3M -8.8M -19.5M 2.8M
Other Non Operating Income Expenses -- -- 2.9M 125,000
Special Income Charges -76.0M -9.8M -14.0M 609,000
Restructuring And Mergern Acquisition 2.5M -2.2M 0.00 --
Write Off -- -- 2.1M -3.2M
Gain On Sale Of Security -22.4M 1.0M -2.8M 2.7M
Earnings From Equity Interest -- 0.00 -2.8M -709,000
Pretax Income 15.8M 110.0M 96.2M 112.1M
Tax Provision -8.8M 5.5M 21.0M 26.1M
Tax Effect Of Unusual Items -14.7M -421,056 -3.6M 778,919
Net Income From Continuing And Discontinued Operation 24.2M 104.1M 74.8M 85.6M
Net Income From Continuing Operation Net Minority Interest 24.2M 104.1M 74.8M 85.6M
Net Income Including Noncontrolling Interests 24.6M 104.5M 75.2M 85.9M
Minority Interests -466,000 -442,000 -362,000 -304,000
Net Income Common Stockholders 24.2M 104.1M 74.8M 85.6M
Net Income 24.2M 104.1M 74.8M 85.6M
EBITDA 165.3M 263.0M 162.8M 169.1M
Normalized EBITDA 263.7M 271.8M 179.6M 165.8M
Reconciled Depreciation 91.8M 89.5M 51.0M 44.6M
Basic EPS 1.01 4.26 3.06 3.47
Diluted EPS 1.01 4.25 3.06 3.46
Basic Average Shares 23.9M 24.4M 24.4M 24.7M
Diluted Average Shares 23.9M 24.5M 24.5M 24.7M
Total Unusual Items -98.3M -8.8M -16.7M 3.3M
Total Unusual Items Excluding Goodwill -98.3M -8.8M -16.7M 3.3M
Tax Rate For Calcs 0.15 0.05 0.22 0.23
Normalized Income 107.7M 112.4M 87.9M 83.1M
Amortization 31.9M 34.6M 29.5M 28.4M
Amortization Of Intangibles Income Statement 31.9M 34.6M 29.5M 28.4M
Depreciation Amortization Depletion Income Statement 91.8M 89.5M 51.0M 44.6M
Depreciation Income Statement 59.9M 54.9M 21.5M 16.2M
Diluted NI Availto Com Stockholders 24.2M 104.1M 74.8M 85.6M
Gain On Sale Of Ppe 194,000 -1.4M 108,000 3.5M
Impairment Of Capital Assets 74.2M 9.9M 14.9M 7.5M
Insurance And Claims 9.7M 8.1M 5.1M 4.1M
Net Income Continuous Operations 24.6M 104.5M 75.2M 85.9M
Net Non Operating Interest Income Expense -57.1M -62.5M -15.4M -12.2M
Other Gand A 19.6M 20.7M 20.6M 13.8M
Other Special Charges -538,000 702,000 -798,000 -1.3M
Provision For Doubtful Accounts 1.0M 3.2M 2.1M --
Reconciled Cost Of Revenue 740.4M 738.9M 460.7M 344.6M
Selling And Marketing Expense 19.8M 19.1M 10.2M 7.0M
Total Expenses 988.4M 988.1M 585.5M 430.4M
Line Item FY 2024Nov 30, 2024 FY 2023Nov 30, 2023 FY 2022Nov 30, 2022 FY 2021Nov 30, 2021
Cash And Cash Equivalents 50.4M 58.9M 59.5M 61.2M
Cash Cash Equivalents And Short Term Investments 50.4M 58.9M 59.5M 61.2M
Cash Financial 50.4M 58.9M 59.5M 61.2M
Accounts Receivable 81.2M 83.0M 77.4M 57.5M
Receivables 165.6M 176.6M 166.0M 151.4M
Inventory 20.0M 20.7M 18.5M 10.7M
Prepaid Assets 13.9M 14.1M 14.9M 7.7M
Other Current Assets 5.2M 3.8M 3.0M 2.4M
Current Assets 263.1M 281.1M 264.1M 233.5M
Gross PPE 343.9M 331.9M 272.4M 94.9M
Accumulated Depreciation -54.8M -37.4M -22.5M -17.5M
Net PPE 289.1M 294.5M 249.9M 77.5M
Goodwill 693.8M 719.2M 547.8M 428.4M
Goodwill And Other Intangible Assets 1.8B 1.8B 1.6B 1.2B
Other Intangible Assets 1.1B 1.1B 1.0B 820.3M
Investments And Advances -- -- 0.00 25.9M
Long Term Equity Investment -- -- 0.00 25.9M
Total Non Current Assets 2.3B 2.4B 2.1B 1.7B
Total Assets 2.6B 2.7B 2.3B 1.9B
Current Debt 2.5M 10.4M 9.5M 13.1M
Current Debt And Capital Lease Obligation 113.4M 122.9M 124.1M 115.1M
Accounts Payable 134.4M 147.6M 154.0M 119.5M
Payables 139.5M 147.6M 163.8M 123.7M
Payables And Accrued Expenses 139.5M 147.6M 163.8M 123.7M
Current Deferred Revenue 173.4M 162.9M 149.7M 118.0M
Other Current Liabilities 3.0M 2.6M 127.5M 101.9M
Current Liabilities 433.0M 440.6M 439.0M 358.5M
Long Term Debt 704.1M 756.9M 551.4M 347.6M
Long Term Debt And Capital Lease Obligation 1.1B 1.2B 951.8M 719.2M
Long Term Capital Lease Obligation 404.2M 422.8M 400.4M 371.6M
Other Non Current Liabilities -- 216,000 642,000 1.0M
Total Non Current Liabilities Net Minority Interest 1.3B 1.4B 1.2B 897.2M
Total Liabilities Net Minority Interest 1.8B 1.9B 1.6B 1.3B
Common Stock 290.6M 301.8M 302.8M 306.0M
Capital Stock 290.6M 301.8M 302.8M 306.0M
Additional Paid In Capital 6.3M 5.6M 4.9M 3.9M
Retained Earnings 446.1M 479.4M 402.9M 360.0M
Gains Losses Not Affecting Retained Earnings 58.9M 24.6M 12.9M -22.2M
Other Equity Adjustments -850,000 -850,000 -850,000 -850,000
Common Stock Equity 801.8M 811.4M 723.4M 647.6M
Stockholders Equity 801.8M 811.4M 723.4M 647.6M
Total Equity Gross Minority Interest 803.5M 812.9M 724.6M 648.9M
Minority Interest 1.6M 1.5M 1.2M 1.3M
Total Capitalization 1.5B 1.6B 1.3B 995.3M
Net Tangible Assets -980.3M -1.0B -827.6M -601.0M
Tangible Book Value -980.3M -1.0B -827.6M -601.0M
Working Capital -169.9M -159.5M -175.0M -125.0M
Invested Capital 1.5B 1.6B 1.3B 1.0B
Total Debt 1.2B 1.3B 1.1B 834.3M
Net Debt 656.2M 708.5M 501.5M 299.5M
Share Issued 23.4M 24.3M 24.4M 24.7M
Ordinary Shares Number 23.4M 24.3M 24.4M 24.7M
Allowance For Doubtful Accounts Receivable -8.1M -8.9M -7.5M -8.5M
Assets Held For Sale Current 4.4M 2.3M 2.1M 0.00
Buildings And Improvements 187.9M 179.9M 156.7M 50.9M
Capital Lease Obligations 515.1M 535.2M 514.9M 473.5M
Current Capital Lease Obligation 110.9M 112.4M 114.5M 102.0M
Current Deferred Liabilities 173.4M 162.9M 149.7M 118.0M
Current Provisions 3.9M 4.7M 1.5M 1.7M
Financial Assets 177,000 3.2M 0.00 --
Finished Goods 7.7M 8.2M 7.3M 4.3M
Foreign Currency Translation Adjustments 59.7M 25.5M 13.8M -21.3M
Gross Accounts Receivable 89.3M 91.9M 84.9M 65.9M
Hedging Assets Current 3.7M 4.6M 0.00 --
Income Tax Payable 5.1M 0.00 9.8M 4.3M
Investmentsin Joint Venturesat Cost -- -- 0.00 25.9M
Land And Improvements 7.5M 7.3M 7.3M 1.2M
Leases 68.6M 65.4M 45.5M 8.2M
Loans Receivable 1.5M 924,000 1.2M 1.2M
Machinery Furniture Equipment 10.6M 10.1M 9.1M 4.4M
Non Current Accounts Receivable 231.7M 253.6M 255.3M 310.2M
Non Current Deferred Assets 17.6M 7.4M 6.7M 5.8M
Non Current Deferred Liabilities 241.5M 246.6M 214.2M 177.0M
Non Current Deferred Revenue 57.7M 53.0M 48.4M 44.3M
Non Current Deferred Taxes Assets 9.7M 93,000 224,000 185,000
Non Current Deferred Taxes Liabilities 183.8M 193.6M 165.8M 132.7M
Non Current Note Receivables 2.5M 4.5M 3.4M 3.0M
Other Current Borrowings 2.5M 10.4M 9.5M 13.1M
Other Inventories 8.3M 7.5M 7.8M 3.7M
Other Properties 69.3M 69.2M 53.7M 30.1M
Other Receivables 76.2M 80.2M 83.5M 89.0M
Properties 0.00 0.00 0.00 0.00
Raw Materials 2.3M 3.3M 2.4M 2.2M
Taxes Receivable 6.8M 12.5M 4.0M 3.7M
Total Tax Payable 5.1M 0.00 9.8M 4.3M
Treasury Shares Number -- 0.00 -- --
Work In Process 1.7M 1.8M 1.0M 513,000
Line Item FY 2024Nov 30, 2024 FY 2023Nov 30, 2023 FY 2022Nov 30, 2022 FY 2021Nov 30, 2021
Operating Cash Flow 204.8M 184.6M 148.5M 139.3M
Cash Flow From Continuing Operating Activities 204.8M 184.6M 148.5M 139.3M
Depreciation And Amortization 91.8M 89.5M 51.0M 44.6M
Depreciation Amortization Depletion 91.8M 89.5M 51.0M 44.6M
Stock Based Compensation 646,000 792,000 1.0M 836,000
Deferred Tax -8.8M 5.5M 21.0M 26.1M
Deferred Income Tax -8.8M 5.5M 21.0M 26.1M
Change In Working Capital -1.6M -7.7M -6.9M 10.6M
Changes In Account Receivables 3.4M -3.4M -10.2M -3.7M
Change In Receivables 5.3M -5.2M -10.2M -3.4M
Change In Inventory 825,000 -1.5M -2.0M -1.4M
Change In Payables And Accrued Expense -15.3M -18.6M -1.3M 4.1M
Change In Other Working Capital 3.4M 4.6M 2.7M 4.6M
Change In Other Current Assets -1.2M -772,000 -345,000 389,000
Change In Other Current Liabilities 5.4M 12.6M 9.4M 7.7M
Other Non Cash Items 56.9M 57.4M 16.2M 7.2M
Capital Expenditure -27.7M -32.2M -12.7M -6.8M
Purchase Of PPE -24.7M -30.1M -8.7M -6.4M
Net PPE Purchase And Sale -20.4M -28.4M -7.5M 26,000
Purchase Of Business 0.00 -300.4M -261.8M -131,000
Sale Of Business 0.00 9.3M 14.8M 7.5M
Investing Cash Flow -23.5M -319.7M -258.4M 7.1M
Cash Flow From Continuing Investing Activities -23.5M -319.7M -258.4M 7.1M
Issuance Of Debt 22.8M 318.9M 275.6M 0.00
Repayment Of Debt -146.1M -154.0M -133.0M -117.6M
Net Issuance Payments Of Debt -123.3M 164.9M 142.7M -117.6M
Repurchase Of Capital Stock -41.8M -4.2M -14.6M -2.2M
Net Common Stock Issuance -41.8M -4.2M -14.6M -2.2M
Common Stock Dividend Paid -26.8M -24.4M -20.5M --
Common Stock Payments -41.8M -4.2M -14.6M -2.2M
Financing Cash Flow -186.8M 135.9M 105.3M -129.6M
Cash Flow From Continuing Financing Activities -186.8M 135.9M 105.3M -129.6M
Effect Of Exchange Rate Changes -3.0M -1.5M 2.9M 141,000
Changes In Cash -5.5M 870,000 -4.6M 16.8M
Beginning Cash Position 58.9M 59.5M 61.2M 44.3M
End Cash Position 50.4M 58.9M 59.5M 61.2M
Free Cash Flow 177.1M 152.4M 135.8M 132.5M
Amortization Cash Flow 31.9M 34.6M 29.5M 28.4M
Amortization Of Intangibles 31.9M 34.6M 29.5M 28.4M
Asset Impairment Charge 74.2M 9.9M 14.9M 7.5M
Cash Dividends Paid -26.8M -24.4M -20.5M -9.1M
Change In Prepaid Assets 119,000 1.2M -5.0M -1.5M
Depreciation 59.9M 54.9M 21.5M 16.2M
Earnings Losses From Equity Investments -- 0.00 2.8M 709,000
Gain Loss On Sale Of PPE -194,000 1.4M -108,000 -3.5M
Interest Paid Cfo -47.0M -50.3M -11.8M -10.1M
Long Term Debt Issuance 22.8M 318.9M 275.6M 0.00
Long Term Debt Payments -146.1M -154.0M -133.0M -117.6M
Net Business Purchase And Sale 0.00 -291.0M -246.9M 7.4M
Net Foreign Currency Exchange Gain Loss 21.8M 2.6M 5.7M --
Net Income From Continuing Operations 24.6M 104.5M 75.2M 85.9M
Net Intangibles Purchase And Sale -2.7M -2.0M -4.0M -324,000
Net Long Term Debt Issuance -123.3M 164.9M 142.7M -117.6M
Net Other Financing Charges 5.2M -340,000 -2.2M -665,000
Net Other Investing Changes -427,000 1.9M 61,000 7.5M
Operating Gains Losses 21.4M 4.1M 8.4M -2.8M
Other Cash Adjustment Outside Changein Cash -- -- -- -131,000
Purchase Of Intangibles -3.0M -2.0M -4.0M -324,000
Sale Of Intangibles 314,000 0.00 -- --
Sale Of PPE 4.3M 1.7M 1.1M 6.5M
Taxes Refund Paid -7.4M -29.0M -17.6M -27.4M
Unrealized Gain Loss On Investment Securities -- -3.7M -2.9M -3.0M
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