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NFI Group 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 3.1B 2.7B 2.1B 2.3B
Operating Revenue 3.1B 2.7B 2.1B 2.3B
Cost Of Revenue 2.8B 2.5B 2.0B 2.1B
Gross Profit 349.4M 220.8M 49.1M 235.6M
Selling General And Administration 239.1M 245.3M 238.6M 205.2M
Operating Expense 239.1M 245.3M 238.6M 205.2M
Operating Income 110.3M -24.5M -189.5M 30.4M
EBIT 140.2M -33.1M -232.7M 68.2M
Interest Expense 146.6M 136.0M 91.1M 73.1M
Interest Expense Non Operating 146.6M 136.0M 91.1M 73.1M
Net Interest Income -146.6M -136.0M -91.1M -73.1M
Other Income Expense 29.8M -8.6M -43.2M 37.8M
Other Non Operating Income Expenses 9.6M 640,000 -- --
Special Income Charges -2.7M 8.1M -103.3M -112,000
Gain On Sale Of Security 23.0M -17.3M 60.1M 37.9M
Pretax Income -6.5M -169.1M -323.8M -4.9M
Tax Provision -3.2M -32.9M -47.4M 9.6M
Tax Effect Of Unusual Items 3.0M -1.8M -6.3M 9.9M
Net Income From Continuing And Discontinued Operation -3.3M -136.2M -276.4M -14.5M
Net Income From Continuing Operation Net Minority Interest -3.3M -136.2M -276.4M -14.5M
Net Income Including Noncontrolling Interests -3.3M -136.2M -276.4M -14.5M
Net Income Common Stockholders -3.3M -136.2M -276.4M -14.5M
Net Income -3.3M -136.2M -276.4M -14.5M
EBITDA 220.3M 47.7M -144.2M 165.3M
Normalized EBITDA 200.0M 56.9M -101.0M 127.6M
Reconciled Depreciation 80.1M 80.8M 88.5M 97.2M
Basic EPS -0.03 -1.48 -3.58 -0.21
Diluted EPS -0.03 -1.48 -3.58 -0.21
Basic Average Shares 110.0M 91.9M 77.1M 70.0M
Diluted Average Shares 110.0M 91.9M 77.1M 70.0M
Total Unusual Items 20.3M -9.2M -43.2M 37.8M
Total Unusual Items Excluding Goodwill 20.3M -9.2M -43.2M 37.8M
Tax Rate For Calcs 0.15 0.19 0.15 0.26
Normalized Income -20.5M -128.7M -239.5M -42.3M
Diluted NI Availto Com Stockholders -3.3M -136.2M -276.4M -14.5M
Gain On Sale Of Ppe -192,000 -789,000 565,000 -112,000
Impairment Of Capital Assets 2.3M 0.00 103.9M 0.00
Net Income Continuous Operations -3.3M -136.2M -276.4M -14.5M
Net Non Operating Interest Income Expense -146.6M -136.0M -91.1M -73.1M
Other Special Charges 234,000 -8.9M -- --
Reconciled Cost Of Revenue 2.8B 2.5B 2.0B 2.1B
Total Expenses 3.0B 2.7B 2.3B 2.3B
Total Operating Income As Reported 108.6M -21.3M -288.2M 46.0M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 49.6M 49.6M 50.0M 77.3M
Cash Cash Equivalents And Short Term Investments 49.6M 49.6M 50.0M 77.3M
Cash Financial 49.6M 49.6M 50.0M 77.3M
Accounts Receivable 449.1M 430.3M 322.2M 368.5M
Receivables 491.7M 492.7M 395.0M 417.9M
Inventory 959.6M 762.6M 732.1M 567.7M
Prepaid Assets 25.3M 19.0M 23.5M 7.5M
Other Current Assets 6.9M -- -- --
Current Assets 1.5B 1.3B 1.2B 1.1B
Gross PPE 805.2M 765.6M 710.7M 694.4M
Accumulated Depreciation -504.4M -456.7M -407.3M -351.3M
Net PPE 300.8M 308.9M 303.4M 343.1M
Goodwill 412.5M 413.2M 409.7M 528.6M
Goodwill And Other Intangible Assets 957.0M 976.4M 986.4M 1.1B
Other Intangible Assets 544.4M 563.2M 576.7M 616.4M
Other Non Current Assets 40.1M 45.4M 25.4M 30.7M
Total Non Current Assets 1.4B 1.4B 1.4B 1.5B
Total Assets 2.9B 2.7B 2.6B 2.6B
Current Debt 19.6M -- 17.9M --
Current Debt And Capital Lease Obligation 36.4M 18.0M 35.5M 23.3M
Accounts Payable 627.5M 547.6M 453.8M 458.9M
Payables 632.2M 547.6M 453.8M 460.0M
Payables And Accrued Expenses 632.2M 547.6M 453.8M 460.0M
Current Deferred Revenue 220.6M 137.0M 124.9M 98.4M
Other Current Liabilities 1.3M 1.5M 2.8M 1.8M
Current Liabilities 943.5M 736.0M 641.8M 604.6M
Long Term Debt 1.0B 999.2M 1.1B 812.2M
Long Term Debt And Capital Lease Obligation 1.1B 1.1B 1.2B 932.6M
Long Term Capital Lease Obligation 112.7M 120.0M 114.0M 120.4M
Total Non Current Liabilities Net Minority Interest 1.3B 1.3B 1.4B 1.1B
Total Liabilities Net Minority Interest 2.2B 2.0B 2.0B 1.7B
Common Stock 1.2B 1.2B 988.2M 987.9M
Capital Stock 1.2B 1.2B 988.2M 987.9M
Retained Earnings -558.6M -555.3M -419.2M -132.2M
Gains Losses Not Affecting Retained Earnings 10.7M 4.4M -3.0M 5.9M
Other Equity Adjustments 10.7M 4.4M -3.0M 5.9M
Common Stock Equity 707.8M 702.9M 577.4M 871.8M
Stockholders Equity 707.8M 702.9M 577.4M 871.8M
Total Equity Gross Minority Interest 707.8M 702.9M 577.4M 871.8M
Total Capitalization 1.7B 1.7B 1.7B 1.7B
Net Tangible Assets -249.2M -273.5M -409.1M -273.2M
Tangible Book Value -249.2M -273.5M -409.1M -273.2M
Working Capital 589.6M 587.9M 560.4M 466.3M
Invested Capital 1.8B 1.7B 1.7B 1.7B
Total Debt 1.2B 1.1B 1.2B 955.9M
Net Debt 1.0B 949.6M 1.1B 734.9M
Share Issued 119.0M 119.0M 77.2M 77.1M
Ordinary Shares Number 119.0M 119.0M 77.2M 77.1M
Capital Lease Obligations 129.5M 138.0M 131.6M 143.7M
Current Capital Lease Obligation 16.8M 18.0M 17.6M 23.3M
Current Deferred Liabilities 224.5M 138.2M 125.4M 99.4M
Current Provisions 49.1M 30.8M 24.3M 20.2M
Defined Pension Benefit 9.3M 4.3M 14.7M 4.1M
Derivative Product Liabilities 2.9M 9.3M 6.1M 30.5M
Employee Benefits 2.5M 3.0M 2.9M 11.2M
Financial Assets 12.3M 2.8M 27.8M 0.00
Finished Goods 87.7M 70.9M 59.3M 39.5M
Hedging Assets Current -- 0.00 1.7M 442,000
Income Tax Payable 4.6M 0.00 0.00 1.1M
Land And Improvements 132.2M 129.0M 119.1M 119.4M
Leases 177.7M 170.9M 151.0M 147.0M
Line Of Credit 19.6M 0.00 -- --
Long Term Provisions 48.0M 65.3M 71.0M 63.5M
Machinery Furniture Equipment 495.3M 465.7M 440.6M 428.1M
Non Current Accounts Receivable 3.6M 5.2M 6.8M 5.8M
Non Current Deferred Assets 57.9M 33.0M 17.7M 0.00
Non Current Deferred Liabilities 64.3M 64.2M 76.0M 85.4M
Non Current Deferred Revenue 29.3M 14.2M 17.6M 19.8M
Non Current Deferred Taxes Assets 57.9M 33.0M 17.7M 0.00
Non Current Deferred Taxes Liabilities 33.3M 46.8M 56.9M 62.8M
Non Current Pension And Other Postretirement Benefit Plans -- -- -- 11.2M
Other Current Borrowings 19.6M -- 17.9M --
Other Equity Interest 14.2M 13.7M 11.3M 10.1M
Other Receivables 40.6M 36.1M 32.6M 28.0M
Properties 0.00 0.00 0.00 0.00
Raw Materials 394.5M 360.6M 329.4M 281.8M
Taxes Receivable 2.0M 26.3M 40.1M 21.4M
Total Tax Payable 4.6M 0.00 0.00 1.1M
Work In Process 477.4M 331.1M 343.4M 246.4M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 15.3M -63.8M -241.8M 115.2M
Cash Flow From Continuing Operating Activities 15.3M -63.8M -241.8M 115.2M
Depreciation And Amortization 80.1M 80.8M 88.5M 97.2M
Depreciation Amortization Depletion 80.1M 80.8M 88.5M 97.2M
Stock Based Compensation 2.2M 2.6M 1.3M 1.7M
Deferred Tax -3.2M -32.9M -47.4M 9.6M
Deferred Income Tax -3.2M -32.9M -47.4M 9.6M
Change In Working Capital -54.9M -45.0M -97.6M 45.8M
Changes In Account Receivables -23.4M -111.5M 38.4M 22.6M
Change In Receivables -33.3M -115.7M 36.9M 17.0M
Change In Inventory -192.3M -29.6M -160.9M 86.5M
Change In Payables And Accrued Expense 84.6M 93.8M 6.7M -63.5M
Change In Payable 84.6M 93.8M 6.7M -63.5M
Change In Other Working Capital 92.5M 2.0M 36.0M 18,000
Other Non Cash Items 137.6M 153.7M 53.3M 39.0M
Capital Expenditure -47.9M -37.0M -31.6M -36.3M
Purchase Of PPE -30.3M -26.7M -21.4M -33.5M
Net PPE Purchase And Sale -29.4M -24.9M -19.7M -27.3M
Investing Cash Flow -34.6M -53.3M -24.5M -30.8M
Cash Flow From Continuing Investing Activities -34.6M -53.3M -24.5M -30.8M
Issuance Of Debt 50.1M 62.0M 0.00 258.7M
Repayment Of Debt -29.4M -214.1M -24.5M -18.2M
Net Issuance Payments Of Debt 20.7M -152.1M 260.7M -305.6M
Issuance Of Capital Stock 50,000 262.1M -- 316.2M
Repurchase Of Capital Stock -- -- -2,000 --
Net Common Stock Issuance 50,000 262.1M -2,000 316.2M
Common Stock Dividend Paid 0.00 0.00 -22.4M -46.5M
Common Stock Payments -- -- -2,000 --
Financing Cash Flow 20.8M 117.8M 238.3M -60.0M
Cash Flow From Continuing Financing Activities 20.8M 117.8M 238.3M -60.0M
Effect Of Exchange Rate Changes -1.5M -1.1M 771,000 -2.9M
Changes In Cash 1.5M 681,000 -28.1M 24.4M
Beginning Cash Position 49.6M 50.0M 77.3M 55.8M
End Cash Position 49.6M 49.6M 50.0M 77.3M
Free Cash Flow -32.6M -100.8M -273.4M 79.0M
Amortization Cash Flow 32.3M 31.4M 31.5M 32.8M
Amortization Of Intangibles 32.3M 31.4M 31.5M 32.8M
Asset Impairment Charge 2.3M -2.6M 110.6M 2.0M
Cash Dividends Paid 0.00 0.00 -22.4M -46.5M
Change In Account Payable 79.9M 93.8M 6.7M -64.6M
Change In Income Tax Payable 4.6M 0.00 0.00 1.1M
Change In Prepaid Assets -6.4M 4.5M -16.2M 5.8M
Change In Tax Payable 4.6M 0.00 0.00 1.1M
Common Stock Issuance 50,000 262.1M -- 316.2M
Depreciation 47.8M 49.4M 57.0M 64.4M
Gain Loss On Investment Securities -6.6M -450,000 -14.6M 681,000
Gain Loss On Sale Of PPE 192,000 789,000 -565,000 112,000
Interest Paid Cfo -121.1M -109.4M -58.3M -64.2M
Long Term Debt Issuance 50.1M 62.0M 0.00 258.7M
Long Term Debt Payments -29.4M -214.1M -24.5M -18.2M
Net Foreign Currency Exchange Gain Loss -17.1M 4.7M -1.4M 14.7M
Net Income From Continuing Operations -3.3M -136.2M -276.4M -14.5M
Net Intangibles Purchase And Sale -17.6M -10.3M -10.2M -2.7M
Net Long Term Debt Issuance 20.7M -152.1M -24.5M 240.5M
Net Other Financing Charges 7,000 7.9M -- -24.1M
Net Other Investing Changes 12.3M -18.1M 5.4M -712,000
Net Short Term Debt Issuance -- -192.4M 285.2M -546.1M
Operating Gains Losses -22.4M -4.2M -17.3M 18.2M
Pension And Employee Benefit Expense 941,000 -406,000 -768,000 2.7M
Purchase Of Intangibles -17.6M -10.3M -10.2M -2.7M
Sale Of PPE 963,000 1.8M 1.7M 6.2M
Taxes Refund Paid -2.1M 29.3M 1.4M -19.6M
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