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Total Energy Services 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 906.8M 892.4M 759.8M 431.6M
Operating Revenue 906.8M 892.4M 759.8M 431.6M
Cost Of Revenue 771.7M 759.1M 668.6M 406.2M
Gross Profit 135.1M 133.3M 91.2M 25.4M
Selling General And Administration 53.8M 49.0M 40.8M 29.0M
General And Administrative Expense 49.2M 44.6M 35.7M 26.4M
Other Operating Expenses 1.5M -300,000 1.0M -2.2M
Operating Expense 55.2M 48.7M 41.8M 26.8M
Operating Income 79.8M 84.6M 49.3M -1.4M
EBIT 81.5M 88.1M 52.3M 2.9M
Interest Expense 8.2M 17.4M 7.2M 6.8M
Interest Expense Non Operating 8.2M 17.4M 7.2M 6.8M
Net Interest Income -8.2M -17.4M -7.4M -6.8M
Other Income Expense 1.7M 3.5M 3.2M 4.4M
Special Income Charges 1.7M 3.5M 3.2M 4.4M
Pretax Income 73.4M 70.7M 45.1M -3.9M
Tax Provision 12.6M 29.1M 7.1M -3.5M
Tax Effect Of Unusual Items 288,127 1.4M 500,121 1.2M
Net Income From Continuing And Discontinued Operation 60.8M 41.6M 38.0M -360,000
Net Income From Continuing Operation Net Minority Interest 60.8M 41.6M 38.0M -360,000
Net Income Including Noncontrolling Interests 60.7M 41.6M 38.0M -428,000
Minority Interests 76,000 31,000 9,000 68,000
Net Income Common Stockholders 60.8M 41.6M 38.0M -360,000
Net Income 60.8M 41.6M 38.0M -360,000
EBITDA 171.8M 169.0M 131.2M 86.0M
Normalized EBITDA 170.2M 165.4M 128.0M 81.6M
Reconciled Depreciation 90.3M 80.8M 78.8M 83.1M
Basic EPS 1.56 1.03 0.90 -0.01
Diluted EPS 1.53 1.01 0.88 -0.01
Basic Average Shares 39.1M 40.4M 42.2M 44.4M
Diluted Average Shares 39.7M 41.1M 43.0M 44.7M
Total Unusual Items 1.7M 3.5M 3.2M 4.4M
Total Unusual Items Excluding Goodwill 1.7M 3.5M 3.2M 4.4M
Tax Rate For Calcs 0.17 0.40 0.16 0.27
Normalized Income 59.4M 39.5M 35.3M -3.6M
Diluted NI Availto Com Stockholders 60.8M 41.6M 38.0M -360,000
Gain On Sale Of Ppe 1.7M 3.5M 3.2M 4.4M
Net Income Continuous Operations 60.7M 41.6M 38.0M -428,000
Net Non Operating Interest Income Expense -8.2M -17.4M -7.4M -6.8M
Other Gand A 8.5M 7.9M 6.9M 6.6M
Reconciled Cost Of Revenue 771.7M 759.1M 668.6M 406.2M
Rent And Landing Fees 1.9M 1.3M 590,000 730,000
Rent Expense Supplemental 4.5M 3.3M 3.4M 2.7M
Salaries And Wages 38.7M 35.4M 28.1M 19.1M
Selling And Marketing Expense 4.6M 4.4M 5.1M 2.6M
Total Expenses 826.9M 807.8M 710.5M 433.0M
Total Operating Income As Reported 79.8M 84.6M 49.3M -1.4M
Total Other Finance Cost -- -- 158,000 45,000
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 38.4M 47.9M 34.1M 33.4M
Cash Cash Equivalents And Short Term Investments 38.4M 47.9M 34.1M 33.4M
Cash Financial 38.4M 47.9M 34.1M 33.4M
Accounts Receivable 117.0M 102.9M 105.0M 68.2M
Receivables 149.0M 137.6M 155.5M 93.2M
Inventory 104.1M 98.2M 91.6M 89.9M
Prepaid Assets 17.6M 16.7M 18.8M 9.2M
Other Current Assets -- -- 378,000 487,000
Current Assets 309.2M 300.5M 300.0M 225.7M
Gross PPE 1.4B 1.3B 1.2B 1.2B
Accumulated Depreciation -816.6M -725.8M -669.3M -590.5M
Net PPE 622.5M 557.2M 567.5M 576.3M
Goodwill 4.1M 4.1M 4.1M 4.1M
Goodwill And Other Intangible Assets 4.1M 4.1M 4.1M 4.1M
Total Non Current Assets 628.5M 561.2M 578.6M 587.8M
Total Assets 937.7M 861.7M 878.6M 813.5M
Current Debt 40.9M 2.0M 2.0M 2.6M
Current Debt And Capital Lease Obligation 47.3M 7.9M 7.2M 6.6M
Accounts Payable 50.2M 43.4M 53.2M 33.6M
Payables 74.2M 69.7M 68.0M 43.5M
Payables And Accrued Expenses 133.0M 129.8M 116.8M 65.5M
Current Accrued Expenses 58.9M 60.1M 48.8M 22.1M
Current Deferred Revenue 47.2M 39.3M 63.9M 16.3M
Other Current Liabilities 2.9M -- -- --
Current Liabilities 230.5M 177.0M 187.8M 88.4M
Long Term Debt 70.0M 90.9M 118.0M 187.9M
Long Term Debt And Capital Lease Obligation 79.2M 100.8M 127.6M 196.0M
Long Term Capital Lease Obligation 9.2M 9.9M 9.6M 8.1M
Total Non Current Liabilities Net Minority Interest 136.2M 153.9M 168.8M 231.7M
Total Liabilities Net Minority Interest 366.7M 330.9M 356.6M 320.1M
Common Stock 239.3M 251.3M 261.1M 270.9M
Capital Stock 239.3M 251.3M 261.1M 270.9M
Additional Paid In Capital 5.3M 4.8M 3.6M 5.8M
Retained Earnings 337.5M 299.7M 273.8M 242.9M
Gains Losses Not Affecting Retained Earnings -11.2M -25.5M -17.0M -26.7M
Other Equity Adjustments -11.2M -25.5M -17.0M -26.7M
Common Stock Equity 570.8M 530.2M 521.5M 492.9M
Stockholders Equity 570.8M 530.2M 521.5M 492.9M
Total Equity Gross Minority Interest 571.0M 530.8M 522.0M 493.4M
Minority Interest 245,000 521,000 552,000 561,000
Total Capitalization 640.8M 621.2M 639.5M 680.8M
Net Tangible Assets 566.7M 526.2M 517.4M 488.8M
Tangible Book Value 566.7M 526.2M 517.4M 488.8M
Working Capital 78.7M 123.4M 112.2M 137.3M
Invested Capital 681.7M 623.2M 641.5M 683.4M
Total Debt 126.5M 108.8M 134.8M 202.6M
Net Debt 72.5M 45.1M 85.9M 157.2M
Share Issued 38.1M 40.0M 41.5M 43.0M
Ordinary Shares Number 38.1M 40.0M 41.5M 43.0M
Capital Lease Obligations 15.5M 15.8M 14.8M 12.1M
Current Capital Lease Obligation 6.4M 5.9M 5.2M 4.0M
Current Deferred Liabilities 47.2M 39.3M 63.9M 16.3M
Dividends Payable 3.4M 3.2M 2.5M 0.00
Finished Goods 935,000 935,000 935,000 935,000
Income Tax Payable 4.5M 9.8M 0.00 --
Land And Improvements 121.8M 121.2M 121.0M 120.5M
Machinery Furniture Equipment 90.1M 82.3M 83.3M 83.5M
Non Current Accounts Receivable -- -- 7.1M 7.1M
Non Current Deferred Assets 2.0M 0.00 0.00 393,000
Non Current Deferred Liabilities 57.0M 53.1M 41.1M 35.6M
Non Current Deferred Taxes Assets 2.0M 0.00 0.00 393,000
Non Current Deferred Taxes Liabilities 57.0M 53.1M 41.1M 35.6M
Other Current Borrowings 40.9M 2.0M 2.0M 2.6M
Other Payable 16.1M 13.3M 12.3M 9.8M
Other Properties 429.9M 394.4M 383.2M 359.0M
Other Receivables 32.0M 34.7M 49.9M 22.8M
Properties 797.3M 685.1M 649.3M 603.9M
Raw Materials 71.9M 58.2M 53.9M 64.8M
Taxes Receivable -- 0.00 496,000 2.2M
Total Tax Payable 4.5M 9.8M 0.00 --
Work In Process 31.2M 39.1M 36.8M 24.2M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 165.9M 145.9M 143.4M 89.6M
Cash Flow From Continuing Operating Activities 165.9M 145.9M 143.4M 89.6M
Depreciation And Amortization 90.3M 80.8M 78.8M 83.1M
Depreciation Amortization Depletion 90.3M 80.8M 78.8M 83.1M
Stock Based Compensation 2.5M 2.2M 1.1M 804,000
Deferred Tax 12.6M 29.1M 7.1M -3.5M
Deferred Income Tax 12.6M 29.1M 7.1M -3.5M
Change In Working Capital 3.5M -17.4M 12.6M 9.4M
Changes In Account Receivables -11.4M 17.0M -64.1M -17.6M
Change In Receivables -11.4M 17.0M -64.1M -17.6M
Change In Inventory -5.9M -6.6M -1.7M 5.1M
Change In Payables And Accrued Expense 13.8M -5.3M 40.4M 14.3M
Change In Other Working Capital 7.9M -24.6M 47.6M 9.9M
Other Non Cash Items 8.2M 17.4M 7.4M 6.8M
Capital Expenditure -91.1M -75.2M -56.7M -29.0M
Purchase Of PPE -91.1M -75.2M -56.7M -29.0M
Net PPE Purchase And Sale -88.8M -63.7M -50.4M -18.5M
Purchase Of Business -47.4M 0.00 -- --
Investing Cash Flow -132.9M -66.8M -42.3M -14.3M
Cash Flow From Continuing Investing Activities -132.9M -66.8M -42.3M -14.3M
Issuance Of Debt 65.0M 0.00 -- --
Repayment Of Debt -54.0M -32.9M -75.5M -48.4M
Net Issuance Payments Of Debt 11.0M -32.9M -75.5M -48.4M
Repurchase Of Capital Stock -21.5M -13.6M -12.6M -10.0M
Net Common Stock Issuance -21.5M -13.6M -12.6M -10.0M
Common Stock Dividend Paid -13.7M -12.1M -5.0M --
Common Stock Payments -21.5M -13.6M -12.6M -10.0M
Financing Cash Flow -42.6M -65.2M -100.4M -65.0M
Cash Flow From Continuing Financing Activities -42.6M -65.2M -100.4M -65.0M
Changes In Cash -9.5M 13.9M 696,000 10.4M
Beginning Cash Position 47.9M 34.1M 33.4M 23.0M
End Cash Position 38.4M 47.9M 34.1M 33.4M
Free Cash Flow 74.8M 70.7M 86.7M 60.6M
Cash Dividends Paid -13.7M -12.1M -5.0M 0.00
Change In Prepaid Assets -905,000 2.1M -9.6M -2.3M
Depreciation 90.3M 80.8M 78.8M 83.1M
Gain Loss On Sale Of PPE -1.7M -3.5M -3.2M -4.4M
Interest Paid Cff -18.2M -6.6M -7.5M -6.6M
Long Term Debt Issuance 65.0M 0.00 -- --
Long Term Debt Payments -54.0M -32.9M -75.5M -48.4M
Net Business Purchase And Sale -47.4M 0.00 -- --
Net Foreign Currency Exchange Gain Loss 4.2M -4.4M 1.0M -2.2M
Net Income From Continuing Operations 60.7M 41.6M 38.0M -428,000
Net Long Term Debt Issuance 11.0M -32.9M -75.5M -48.4M
Net Other Financing Charges -200,000 -- -- --
Net Other Investing Changes 3.2M -3.1M 8.2M 4.2M
Operating Gains Losses 2.6M -7.9M -2.1M -6.6M
Proceeds From Stock Option Exercised 64,000 42,000 158,000 42,000
Sale Of PPE 2.3M 11.5M 6.3M 10.5M
Taxes Refund Paid -14.5M 119,000 462,000 -59,000
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