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West Fraser Timber Co. Ltd.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 5.5B 6.2B 6.5B 9.7B --
Operating Revenue 5.5B 6.2B 6.5B 9.7B --
Cost Of Revenue 4.2B 4.3B 4.7B 5.1B --
Gross Profit 1.3B 1.8B 1.8B 4.6B --
Selling General And Administration 1.0B 1.1B 1.2B 1.3B --
General And Administrative Expense 266.0M 296.0M 332.0M 370.0M --
Depreciation And Amortization In Income Statement 544.0M 549.0M 541.0M 589.0M --
Operating Expense 1.8B 1.7B 1.8B 1.9B --
Operating Income -475.0M 109.0M -6.0M 2.6B --
EBIT -1.2B 64.0M -204.0M 2.6B --
Interest Expense 19.0M 26.0M 24.0M 24.0M --
Interest Expense Non Operating 19.0M 26.0M 24.0M 24.0M --
Interest Income 24.0M 63.0M 74.0M 27.0M --
Interest Income Non Operating 24.0M 63.0M 74.0M 27.0M --
Net Interest Income 1.0M 34.0M 51.0M -3.0M --
Other Income Expense -696.0M -105.0M -274.0M -23.0M --
Other Non Operating Income Expenses 9.0M 3.0M 1.0M -4.0M --
Special Income Charges -706.0M -102.0M -279.0M -60.0M --
Restructuring And Mergern Acquisition 303.0M 29.0M 131.0M 18.0M --
Write Off -- 0.00 7.0M 0.00 --
Gain On Sale Of Security 1.0M -6.0M 4.0M 41.0M --
Pretax Income -1.2B 38.0M -228.0M 2.6B --
Tax Provision -233.0M 43.0M -61.0M 618.0M --
Tax Effect Of Unusual Items -141.0M -16.2M -73.6M -4.6M --
Net Income From Continuing And Discontinued Operation -937.0M -5.0M -167.0M 2.0B --
Net Income From Continuing Operation Net Minority Interest -937.0M -5.0M -167.0M 2.0B --
Net Income Including Noncontrolling Interests -937.0M -5.0M -167.0M 2.0B --
Net Income Common Stockholders -937.0M -5.0M -167.0M 2.0B --
Net Income -937.0M -5.0M -167.0M 2.0B --
EBITDA -608.0M 614.0M 337.0M 3.2B --
Normalized EBITDA 97.0M 722.0M 612.0M 3.2B --
Reconciled Depreciation 544.0M 550.0M 540.0M 589.0M --
Basic EPS -11.87 -0.06 -2.01 21.06 --
Diluted EPS -12.08 -0.07 -2.01 20.86 --
Basic Average Shares 79.0M 80.9M 83.2M 93.8M --
Diluted Average Shares 79.2M 81.1M 83.2M 94.2M --
Total Unusual Items -705.0M -108.0M -275.0M -19.0M --
Total Unusual Items Excluding Goodwill -705.0M -108.0M -275.0M -19.0M --
Tax Rate For Calcs 0.20 0.15 0.27 0.24 --
Normalized Income -373.0M 86.8M 34.4M 2.0B --
Amortization 544.0M 549.0M 541.0M 589.0M --
Amortization Of Intangibles Income Statement 544.0M 549.0M 541.0M 589.0M --
Average Dilution Earnings -19.0M 0.00 0.00 -10.0M --
Depreciation Amortization Depletion Income Statement 544.0M 549.0M 541.0M 589.0M --
Diluted NI Availto Com Stockholders -956.0M -6.0M -167.0M 2.0B --
Gain On Sale Of Ppe 6.0M 0.00 -- -- --
Impairment Of Capital Assets 409.0M 73.0M 141.0M 42.0M --
Net Income Continuous Operations -937.0M -5.0M -167.0M 2.0B --
Net Non Operating Interest Income Expense 1.0M 34.0M 51.0M -3.0M --
Other Gand A 280.0M 282.0M 307.0M 365.0M --
Other Special Charges -- 1.0M -6.0M 5.0M 12.0M
Other Taxes 177.0M 72.0M 8.0M 18.0M --
Reconciled Cost Of Revenue 4.2B 4.3B 4.7B 5.1B --
Salaries And Wages -14.0M 14.0M 25.0M 5.0M --
Selling And Marketing Expense 766.0M 815.0M 894.0M 963.0M --
Total Expenses 5.9B 6.1B 6.5B 7.1B --
Total Operating Income As Reported -1.2B 7.0M -284.0M 2.6B --
Total Other Finance Cost 4.0M 3.0M -1.0M 6.0M --
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 202.0M 641.0M 900.0M 1.2B --
Cash Cash Equivalents And Short Term Investments 202.0M 641.0M 900.0M 1.2B --
Cash Equivalents 44.0M 252.0M 387.0M 456.0M --
Cash Financial 157.0M 389.0M 513.0M 706.0M --
Other Short Term Investments -- -- -- -- 721.0M
Accounts Receivable 186.0M 239.0M 250.0M 286.0M --
Receivables 323.0M 316.0M 404.0M 495.0M --
Inventory 828.0M 844.0M 851.0M 1.0B --
Prepaid Assets 34.0M 36.0M 40.0M 60.0M --
Current Assets 1.4B 1.8B 2.4B 2.7B --
Gross PPE 7.7B 7.6B 7.2B 7.3B --
Accumulated Depreciation -4.2B -3.8B -3.3B -3.3B --
Net PPE 3.6B 3.8B 3.8B 4.0B --
Goodwill 1.5B 1.9B 1.9B 1.9B --
Goodwill And Other Intangible Assets 2.1B 2.5B 2.7B 2.7B --
Other Intangible Assets 590.0M 660.0M 735.0M 765.0M --
Other Non Current Assets 23.0M 13.0M 12.0M 31.0M --
Total Non Current Assets 6.2B 6.9B 7.0B 7.2B --
Total Assets 7.6B 8.8B 9.4B 10.0B --
Current Debt -- 200.0M 300.0M -- --
Current Debt And Capital Lease Obligation 9.0M 210.0M 313.0M 11.0M --
Accounts Payable 398.0M 401.0M 417.0M 430.0M --
Payables 491.0M 562.0M 487.0M 511.0M --
Payables And Accrued Expenses 493.0M 564.0M 492.0M 516.0M --
Current Accrued Expenses 2.0M 2.0M 5.0M 5.0M --
Current Deferred Revenue -- -- -- -- 51.0M
Other Current Liabilities 5.0M 3.0M 63.0M -- --
Current Liabilities 651.0M 934.0M 1.1B 792.0M --
Long Term Debt 300.0M -- 199.0M 499.0M 499.0M
Long Term Debt And Capital Lease Obligation 324.0M 19.0M 225.0M 525.0M --
Long Term Capital Lease Obligation 24.0M 19.0M 26.0M 26.0M --
Other Non Current Liabilities 197.0M 68.0M 47.0M 18.0M --
Total Non Current Liabilities Net Minority Interest 1.1B 872.0M 1.1B 1.6B --
Total Liabilities Net Minority Interest 1.8B 1.8B 2.2B 2.4B --
Common Stock 2.5B 2.5B 2.6B 2.7B --
Capital Stock 2.5B 2.5B 2.6B 2.7B --
Retained Earnings 3.6B 4.7B 4.9B 5.3B --
Gains Losses Not Affecting Retained Earnings -277.0M -321.0M -297.0M -332.0M --
Other Equity Adjustments -277.0M -321.0M -297.0M -332.0M --
Common Stock Equity 5.8B 7.0B 7.2B 7.6B --
Stockholders Equity 5.8B 7.0B 7.2B 7.6B --
Total Equity Gross Minority Interest 5.8B 7.0B 7.2B 7.6B --
Total Capitalization 6.1B 7.0B 7.4B 8.1B --
Net Tangible Assets 3.8B 4.4B 4.5B 4.9B --
Tangible Book Value 3.8B 4.4B 4.5B 4.9B --
Working Capital 736.0M 903.0M 1.3B 2.0B --
Invested Capital 6.1B 7.2B 7.7B 8.1B --
Total Debt 333.0M 229.0M 538.0M 536.0M --
Net Debt 98.0M -- -- -- --
Share Issued 78.3M 80.0M 81.7M 83.6M --
Ordinary Shares Number 78.3M 80.0M 81.7M 83.6M --
Assets Held For Sale Current -- 0.00 182.0M 0.00 --
Capital Lease Obligations 33.0M 29.0M 39.0M 37.0M --
Construction In Progress 282.0M 445.0M 376.0M 359.0M --
Current Capital Lease Obligation 9.0M 10.0M 13.0M 11.0M --
Current Deferred Liabilities -- -- -- -- 51.0M
Current Notes Payable -- -- -- -- 0.00
Current Provisions 68.0M 60.0M 63.0M 68.0M --
Defined Pension Benefit 52.0M 61.0M 83.0M 132.0M --
Derivative Product Liabilities 6.0M 8.0M 12.0M 4.0M --
Dividends Payable 25.0M 26.0M 25.0M 25.0M --
Employee Benefits 102.0M 97.0M 106.0M 77.0M --
Financial Assets 24.0M 12.0M 18.0M 12.0M --
Finished Goods 315.0M 344.0M 363.0M 428.0M --
Income Tax Payable 14.0M 75.0M 7.0M 12.0M --
Interest Payable 2.0M 2.0M 5.0M 5.0M --
Land And Improvements 163.0M 165.0M 156.0M 157.0M --
Line Of Credit -- -- -- -- 0.00
Long Term Provisions 94.0M 71.0M 69.0M 70.0M --
Machinery Furniture Equipment 7.2B 6.9B 6.5B 6.7B --
Non Current Accounts Receivable 474.0M 408.0M 377.0M 354.0M --
Non Current Deferred Assets 6.0M 7.0M 6.0M 4.0M --
Non Current Deferred Liabilities 397.0M 609.0M 683.0M 795.0M --
Non Current Deferred Taxes Assets 6.0M 7.0M 6.0M 4.0M --
Non Current Deferred Taxes Liabilities 397.0M 609.0M 683.0M 795.0M --
Non Current Pension And Other Postretirement Benefit Plans 102.0M 97.0M 106.0M 77.0M --
Non Current Prepaid Assets 0.00 42.0M 25.0M 354.0M --
Other Current Borrowings -- 200.0M 300.0M -- --
Other Payable 38.0M 52.0M 33.0M 40.0M --
Other Properties 98.0M 92.0M 95.0M 65.0M --
Other Receivables 31.0M 28.0M 35.0M 42.0M --
Pensionand Other Post Retirement Benefit Plans Current 76.0M 97.0M 119.0M 197.0M --
Properties 0.00 0.00 0.00 0.00 --
Raw Materials 513.0M 500.0M 488.0M 604.0M --
Taxes Receivable 106.0M 49.0M 119.0M 167.0M --
Total Tax Payable 30.0M 83.0M 12.0M 16.0M --
Tradeand Other Payables Non Current -- -- 24.0M 73.0M 69.0M
Treasury Shares Number 20,850 53,937 -- -- --
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 96.0M 661.0M 525.0M 2.2B --
Cash Flow From Continuing Operating Activities 95.0M 663.0M 524.0M 2.2B --
Depreciation And Amortization 544.0M 550.0M 540.0M 589.0M --
Depreciation Amortization Depletion 544.0M 550.0M 540.0M 589.0M --
Deferred Tax -174.0M 53.0M -106.0M 519.0M --
Deferred Income Tax -174.0M 53.0M -106.0M 519.0M --
Change In Working Capital -2.0M -15.0M 11.0M 55.0M --
Change In Receivables 59.0M 5.0M 6.0M 140.0M --
Change In Inventory -1.0M 11.0M 132.0M 20.0M --
Change In Payables And Accrued Expense -61.0M -35.0M -131.0M -99.0M --
Other Non Cash Items 245.0M -76.0M 5.0M -75.0M --
Capital Expenditure -411.0M -487.0M -477.0M -477.0M --
Purchase Of PPE -411.0M -487.0M -477.0M -477.0M --
Net PPE Purchase And Sale -411.0M -487.0M -477.0M -477.0M --
Purchase Of Business -- 0.00 -100.0M 0.00 -302.0M
Sale Of Business 0.00 124.0M 0.00 0.00 --
Investing Cash Flow -380.0M -318.0M -530.0M -459.0M --
Cash Flow From Continuing Investing Activities -380.0M -318.0M -530.0M -459.0M --
Issuance Of Debt 100.0M 0.00 -- -- --
Repayment Of Debt -15.0M -315.0M -15.0M -14.0M --
Net Issuance Payments Of Debt 85.0M -315.0M -15.0M -14.0M --
Issuance Of Capital Stock 0.00 1.0M 0.00 0.00 --
Repurchase Of Capital Stock -129.0M -140.0M -129.0M -2.0B --
Net Common Stock Issuance -129.0M -139.0M -129.0M -2.0B --
Common Stock Dividend Paid -101.0M -101.0M -100.0M -99.0M --
Common Stock Payments -129.0M -140.0M -129.0M -2.0B --
Financing Cash Flow -167.0M -582.0M -268.0M -2.1B --
Cash Flow From Continuing Financing Activities -166.0M -582.0M -268.0M -2.1B --
Effect Of Exchange Rate Changes 11.0M -21.0M 10.0M -28.0M --
Changes In Cash -450.0M -238.0M -272.0M -378.0M --
Beginning Cash Position 641.0M 900.0M 1.2B 1.6B --
End Cash Position 202.0M 641.0M 900.0M 1.2B --
Free Cash Flow -315.0M 174.0M 48.0M 1.7B --
Amortization Cash Flow 66.0M 80.0M 78.0M 82.0M --
Amortization Of Intangibles 66.0M 80.0M 78.0M 82.0M --
Asset Impairment Charge 409.0M 73.0M 195.0M 51.0M --
Cash Dividends Paid -101.0M -101.0M -100.0M -99.0M --
Change In Prepaid Assets 1.0M 4.0M 4.0M -6.0M --
Common Stock Issuance 0.00 1.0M 0.00 0.00 --
Depreciation 478.0M 470.0M 462.0M 507.0M --
Gain Loss On Investment Securities -18.0M 8.0M -13.0M -- --
Interest Paid Cff -21.0M -27.0M -24.0M -23.0M --
Interest Received Cfi 24.0M 43.0M 47.0M 17.0M --
Long Term Debt Issuance 100.0M 0.00 -- -- --
Long Term Debt Payments -15.0M -315.0M -15.0M -14.0M --
Net Business Purchase And Sale 0.00 124.0M -100.0M 0.00 --
Net Foreign Currency Exchange Gain Loss 5.0M -7.0M 7.0M -28.0M --
Net Income From Continuing Operations -937.0M -5.0M -167.0M 2.0B --
Net Long Term Debt Issuance 85.0M -315.0M -15.0M -14.0M --
Net Other Financing Charges -1.0M -- -- -- -64.0M
Net Other Investing Changes 7.0M 2.0M -- 1.0M 7.0M
Operating Gains Losses 57.0M 78.0M 71.0M 75.0M --
Pension And Employee Benefit Expense 70.0M 77.0M 77.0M 103.0M --
Taxes Refund Paid -46.0M 3.0M -24.0M -982.0M --
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