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Richards 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 407.8M 425.9M 446.9M 451.4M
Operating Revenue 407.8M 425.9M 446.9M 451.4M
Cost Of Revenue 329.4M 347.8M 367.6M 363.0M
Gross Profit 78.4M 78.1M 79.3M 88.4M
Selling General And Administration 26.9M 22.4M 21.7M 21.5M
General And Administrative Expense 26.9M 22.4M 21.7M 21.5M
Operating Expense 26.9M 22.4M 21.7M 21.5M
Operating Income 51.5M 55.7M 57.5M 66.9M
EBIT 52.0M 58.1M 63.5M 22.3M
Interest Expense 1.8M 4.1M 4.1M 2.2M
Interest Expense Non Operating 1.8M 4.1M 4.1M 2.2M
Net Interest Income -2.2M -4.9M -4.2M -5.6M
Other Income Expense 837,000 3.2M 6.1M -41.2M
Special Income Charges -814,000 0.00 -1.6M -47.7M
Restructuring And Mergern Acquisition 814,000 0.00 1.6M 47.7M
Gain On Sale Of Security 1.7M 3.3M 7.6M 6.4M
Earnings From Equity Interest -94,000 -106,000 126,000 112,000
Pretax Income 50.1M 54.0M 59.4M 20.1M
Tax Provision 14.3M 15.1M 14.2M 18.0M
Tax Effect Of Unusual Items 265,310 913,352 1.4M -11.0M
Net Income From Continuing And Discontinued Operation 35.8M 38.9M 45.2M 2.1M
Net Income From Continuing Operation Net Minority Interest 35.8M 38.9M 45.2M 2.1M
Net Income Including Noncontrolling Interests 35.8M 38.9M 45.2M 2.1M
Net Income Common Stockholders 35.8M 38.9M 45.2M 2.1M
Net Income 35.8M 38.9M 45.2M 2.1M
EBITDA 65.0M 69.7M 75.8M 34.7M
Normalized EBITDA 64.1M 66.5M 69.9M 76.0M
Reconciled Depreciation 13.0M 11.6M 12.4M 12.4M
Basic EPS 3.27 3.55 4.12 0.19
Diluted EPS 2.99 3.12 3.29 -0.37
Basic Average Shares 11.0M 11.0M 11.0M 11.2M
Diluted Average Shares 11.4M 11.4M 11.4M 11.6M
Total Unusual Items 931,000 3.3M 5.9M -41.3M
Total Unusual Items Excluding Goodwill 931,000 3.3M 5.9M -41.3M
Tax Rate For Calcs 0.28 0.28 0.24 0.27
Normalized Income 35.2M 36.5M 40.7M 32.4M
Diluted NI Availto Com Stockholders 35.8M 38.9M 45.2M 2.1M
Net Income Continuous Operations 35.8M 38.9M 45.2M 2.1M
Net Non Operating Interest Income Expense -2.2M -4.9M -4.2M -5.6M
Other Gand A 26.9M 22.4M 21.7M 21.5M
Reconciled Cost Of Revenue 329.4M 347.8M 367.6M 363.0M
Total Expenses 356.3M 370.2M 389.4M 384.5M
Total Operating Income As Reported 50.7M 55.7M 55.9M 19.2M
Total Other Finance Cost 409,000 827,000 129,000 3.4M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 6.2M 8.1M 5.4M 8.4M
Cash Cash Equivalents And Short Term Investments 6.2M 8.1M 5.4M 8.4M
Cash Financial 6.2M 8.1M 5.4M 8.4M
Accounts Receivable 52.9M 54.0M 55.6M 49.7M
Receivables 53.2M 54.3M 57.6M 50.3M
Inventory 78.2M 71.3M 97.8M 100.7M
Prepaid Assets 5.5M 7.5M 7.8M 10.1M
Current Assets 143.2M 142.6M 170.5M 172.2M
Gross PPE 66.2M 80.3M 73.3M 70.1M
Accumulated Depreciation -24.0M -44.1M -35.6M -26.0M
Net PPE 42.2M 36.3M 37.7M 44.0M
Goodwill 116.9M 112.2M 113.2M 110.5M
Goodwill And Other Intangible Assets 145.3M 138.7M 140.9M 140.0M
Other Intangible Assets 28.3M 26.5M 27.8M 29.5M
Investments And Advances 525,000 619,000 725,000 688,000
Other Investments -- -- 725,000 688,000
Other Non Current Assets -- 108,000 -- --
Total Non Current Assets 188.0M 175.6M 179.4M 184.7M
Total Assets 331.3M 318.2M 349.9M 356.9M
Current Debt And Capital Lease Obligation 9.1M 6.7M 6.8M 6.8M
Accounts Payable 44.6M 43.5M 38.8M 57.6M
Payables 51.8M 49.1M 46.7M 111.6M
Payables And Accrued Expenses 63.2M 59.4M 57.4M 121.7M
Current Accrued Expenses 11.4M 10.3M 10.7M 10.2M
Current Deferred Revenue 2.6M 3.4M 3.7M 4.8M
Other Current Liabilities 13.3M 15.9M 19.9M 28.4M
Current Liabilities 88.2M 85.3M 87.8M 161.8M
Long Term Debt -- 18.0M 64.8M 22.7M
Long Term Debt And Capital Lease Obligation 31.7M 46.5M 94.4M 57.2M
Long Term Capital Lease Obligation 31.7M 28.5M 29.6M 34.5M
Other Non Current Liabilities 985,000 -- -- --
Total Non Current Liabilities Net Minority Interest 39.0M 52.7M 100.5M 64.2M
Total Liabilities Net Minority Interest 127.2M 138.1M 188.4M 226.1M
Common Stock 0.00 0.00 0.00 0.00
Capital Stock 0.00 0.00 0.00 0.00
Retained Earnings 180.7M 163.3M 143.0M 119.9M
Gains Losses Not Affecting Retained Earnings 23.3M 16.8M 18.5M 10.9M
Other Equity Adjustments 23.3M 16.8M 18.5M 10.9M
Common Stock Equity 204.0M 180.1M 161.5M 130.8M
Stockholders Equity 204.0M 180.1M 161.5M 130.8M
Total Equity Gross Minority Interest 204.0M 180.1M 161.5M 130.8M
Total Capitalization 204.0M 198.2M 226.3M 153.5M
Net Tangible Assets 58.8M 41.4M 20.6M -9.1M
Tangible Book Value 58.8M 41.4M 20.6M -9.1M
Working Capital 55.0M 57.3M 82.7M 10.4M
Invested Capital 204.0M 198.2M 226.3M 153.5M
Total Debt 40.8M 53.2M 101.2M 64.0M
Net Debt -- 9.9M 59.4M 14.3M
Share Issued 11.0M 11.0M 11.0M 11.0M
Ordinary Shares Number 11.0M 11.0M 11.0M 11.0M
Accrued Interest Receivable 0.00 99,000 311,000 26,000
Allowance For Doubtful Accounts Receivable -1.2M -1.4M -2.4M -1.9M
Buildings And Improvements 4.4M 3.7M 2.8M 2.3M
Capital Lease Obligations 40.8M 35.2M 36.4M 41.3M
Current Capital Lease Obligation 9.1M 6.7M 6.8M 6.8M
Current Deferred Assets 185,000 1.4M 1.9M 2.7M
Current Deferred Liabilities 2.6M 3.4M 3.7M 4.8M
Dividends Payable 1.3M 1.3M 1.3M 1.3M
Dueto Related Parties Current 2.4M 1.0M 1.1M 48.9M
Finished Goods 85.3M 81.0M 107.3M 114.4M
Gross Accounts Receivable 54.1M 55.4M 58.0M 51.6M
Income Tax Payable 366,000 -577,000 2.1M 897,000
Inventories Adjustments Allowances -7.6M -10.2M -10.2M -14.5M
Leases 55.2M 69.4M 62.9M 60.5M
Machinery Furniture Equipment 1.5M 1.3M 1.1M 996,000
Non Current Deferred Liabilities 6.3M 6.2M 6.2M 7.1M
Non Current Deferred Taxes Liabilities 6.3M 6.2M 6.2M 7.1M
Other Payable 1.5M 2.4M 2.0M 1.5M
Other Properties 5.2M 5.9M 6.5M 6.2M
Other Receivables 244,000 195,000 1.7M 569,000
Properties 0.00 0.00 0.00 0.00
Raw Materials 438,000 484,000 729,000 833,000
Total Tax Payable 2.0M 944,000 3.6M 2.2M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 51.2M 83.2M 40.3M 56.9M
Cash Flow From Continuing Operating Activities 51.2M 83.2M 40.3M 56.9M
Depreciation And Amortization 13.0M 11.6M 12.4M 12.4M
Depreciation Amortization Depletion 13.0M 11.6M 12.4M 12.4M
Change In Working Capital 2.0M 33.9M -15.4M -4.6M
Changes In Account Receivables 2.6M 2.8M -5.7M -514,000
Change In Receivables 2.6M 2.8M -5.7M -514,000
Change In Inventory -3.0M 25.6M 6.9M -12.8M
Change In Payables And Accrued Expense -1.1M 4.8M -20.0M 10.6M
Change In Other Working Capital -- -- -- 1,000
Other Non Cash Items -724,000 -360,000 1.2M 47.7M
Capital Expenditure -2.0M -2.7M -1.5M -2.4M
Purchase Of PPE -1.1M -1.5M -856,000 -1.8M
Net PPE Purchase And Sale -1.1M -1.5M -856,000 -1.8M
Purchase Of Business -4.0M 0.00 -- --
Investing Cash Flow -6.1M -2.7M -51.1M -11.5M
Cash Flow From Continuing Investing Activities -6.1M -2.7M -51.1M -11.5M
Issuance Of Debt -- 0.00 53.0M 0.00
Repayment Of Debt -27.3M -55.7M -19.7M -9.1M
Net Issuance Payments Of Debt -27.3M -55.7M 33.3M -9.1M
Repurchase Of Capital Stock -- -- 0.00 -16.8M
Net Common Stock Issuance -- -- 0.00 -16.8M
Common Stock Payments -- -- 0.00 -16.8M
Financing Cash Flow -47.0M -78.2M 7.6M -44.9M
Cash Flow From Continuing Financing Activities -47.0M -78.2M 7.6M -44.9M
Effect Of Exchange Rate Changes -87,000 374,000 170,000 266,000
Changes In Cash -1.8M 2.3M -3.1M 434,000
Beginning Cash Position 8.1M 5.4M 8.4M 7.7M
End Cash Position 6.2M 8.1M 5.4M 8.4M
Free Cash Flow 49.2M 80.5M 38.8M 54.5M
Amortization Cash Flow 3.2M 2.4M 2.7M 2.7M
Amortization Of Intangibles 3.2M 2.4M 2.7M 2.7M
Asset Impairment Charge -- -- -385,000 -266,000
Cash Dividends Paid -19.2M -19.4M -23.0M -15.4M
Change In Prepaid Assets 3.4M 718,000 3.4M -1.9M
Depreciation 9.8M 9.3M 9.7M 9.7M
Dividend Received Cfo -- 0.00 90,000 90,000
Interest Paid Cff -518,000 -3.1M -2.8M -3.7M
Long Term Debt Issuance -- 0.00 53.0M 0.00
Long Term Debt Payments -27.3M -55.7M -19.7M -9.1M
Net Business Purchase And Sale -4.0M 0.00 -- --
Net Income From Continuing Operations 50.7M 55.7M 55.9M 19.2M
Net Intangibles Purchase And Sale -916,000 -1.2M -662,000 -555,000
Net Long Term Debt Issuance -27.3M -55.7M 33.3M -9.1M
Net Other Financing Charges -- -3.1M -2.8M -3.7M
Net Other Investing Changes -- -- -49.5M -9.1M
Purchase Of Intangibles -916,000 -1.2M -662,000 -555,000
Taxes Refund Paid -13.8M -17.7M -13.9M -17.6M
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