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Westport Fuel Systems 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 302.3M 331.8M 305.7M 312.4M
Operating Revenue 302.3M 331.8M 305.7M 312.4M
Cost Of Revenue 244.7M 282.9M 269.5M 264.3M
Gross Profit 57.6M 48.9M 36.2M 48.2M
Selling General And Administration 50.4M 60.5M 52.1M 49.8M
General And Administrative Expense 37.7M 44.2M 37.0M 36.3M
Research And Development 21.6M 26.0M 23.5M 25.2M
Depreciation And Amortization In Income Statement 3.4M 4.3M 4.4M 5.4M
Operating Expense 75.3M 90.8M 80.0M 80.4M
Operating Income -17.7M -41.9M -43.8M -32.2M
EBIT -14.1M -45.7M -27.9M 10.5M
Interest Expense 2.8M 3.0M 3.4M 4.9M
Interest Expense Non Operating 2.8M 3.0M 3.4M 4.9M
Interest Income 1.2M 2.7M 1.4M 360,000
Interest Income Non Operating 1.2M 2.7M 1.4M 360,000
Net Interest Income -1.6M -291,000 -1.9M -4.6M
Other Income Expense 2.5M -6.5M 14.5M 42.3M
Other Non Operating Income Expenses -- -- 879,000 1.1M
Special Income Charges 14.5M -3.4M 19.1M 5.5M
Restructuring And Mergern Acquisition -- -- 0.00 -5.9M
Write Off 0.00 413,000 0.00 --
Gain On Sale Of Security -6.6M -4.0M -6.4M 2.0M
Earnings From Equity Interest -5.4M 780,000 930,000 33.7M
Pretax Income -16.9M -48.7M -31.3M 5.5M
Tax Provision 5.0M 1.0M 1.4M -8.1M
Tax Effect Of Unusual Items 1.2M -2.9M 3.3M 2.0M
Net Income From Continuing And Discontinued Operation -21.8M -49.7M -32.7M 13.7M
Net Income From Continuing Operation Net Minority Interest -21.8M -49.7M -32.7M 13.7M
Net Income Including Noncontrolling Interests -21.8M -49.7M -32.7M 13.7M
Net Income Common Stockholders -21.8M -49.7M -32.7M 13.7M
Net Income -21.8M -49.7M -32.7M 13.7M
EBITDA -5.4M -33.2M -16.1M 24.5M
Normalized EBITDA -13.3M -25.9M -28.8M 17.0M
Reconciled Depreciation 8.7M 12.5M 11.8M 14.0M
Basic EPS -1.27 -2.90 -1.90 0.90
Diluted EPS -1.27 -2.90 -1.90 0.80
Basic Average Shares 17.2M 17.2M 17.1M 16.0M
Diluted Average Shares 17.2M 17.2M 17.1M 16.2M
Total Unusual Items 7.9M -7.3M 12.7M 7.5M
Total Unusual Items Excluding Goodwill 7.9M -7.3M 12.7M 7.5M
Tax Rate For Calcs 0.15 0.40 0.26 0.27
Normalized Income -28.6M -45.3M -42.1M 8.1M
Depreciation Amortization Depletion Income Statement 3.4M 4.3M 4.4M 5.4M
Diluted NI Availto Com Stockholders -21.8M -49.7M -32.7M 13.7M
Gain On Sale Of Business 15.2M 0.00 19.1M 0.00
Gain On Sale Of Ppe -703,000 -32,000 -62,000 146,000
Impairment Of Capital Assets -- -- 0.00 459,000
Net Income Continuous Operations -21.8M -49.7M -32.7M 13.7M
Net Non Operating Interest Income Expense -1.6M -291,000 -1.9M -4.6M
Other Gand A 37.7M 44.2M 37.0M 36.3M
Other Special Charges -- 2.9M -- --
Reconciled Cost Of Revenue 239.4M 274.7M 262.1M 255.6M
Selling And Marketing Expense 12.7M 16.3M 15.1M 13.5M
Total Expenses 320.0M 373.7M 349.5M 344.6M
Total Operating Income As Reported -24.7M -45.9M -50.3M -30.5M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 37.2M 54.8M 86.1M 124.8M
Cash Cash Equivalents And Short Term Investments 37.2M 54.8M 86.1M 124.8M
Accounts Receivable 52.1M 83.2M 82.5M 90.3M
Receivables 73.1M 88.1M 101.6M 101.5M
Inventory 53.5M 67.5M 81.6M 83.1M
Prepaid Assets 5.7M 6.3M 7.8M 7.0M
Current Assets 169.9M 216.8M 277.2M 338.6M
Gross PPE 121.0M 192.7M 177.3M 178.8M
Accumulated Depreciation -60.0M -100.3M -91.0M -85.6M
Net PPE 61.0M 92.4M 86.4M 93.2M
Goodwill 2.9M 3.1M 3.0M 3.1M
Goodwill And Other Intangible Assets 8.2M 9.9M 10.8M 12.4M
Other Intangible Assets 5.3M 6.8M 7.8M 9.3M
Investments And Advances 40.0M 5.4M 4.9M 3.8M
Long Term Equity Investment 39.7M 4.8M 4.6M 3.8M
Other Investments 290,000 609,000 294,000 --
Other Non Current Assets 2.6M 9.1M 6.7M 11.6M
Total Non Current Assets 121.7M 139.0M 130.2M 132.7M
Total Assets 291.6M 355.7M 407.5M 471.3M
Current Debt 14.7M 29.3M 20.8M 24.2M
Current Debt And Capital Lease Obligation 17.3M 32.6M 24.2M 28.4M
Accounts Payable 61.7M 70.6M 72.9M 73.4M
Payables 67.8M 74.9M 78.5M 84.3M
Payables And Accrued Expenses 83.9M 93.0M 95.6M 100.9M
Current Accrued Expenses 16.1M 18.1M 17.1M 16.6M
Current Deferred Revenue 4.2M 2.4M 4.4M 3.5M
Other Current Liabilities -- -- -- 16,000
Current Liabilities 109.3M 134.8M 135.5M 146.4M
Long Term Debt 19.1M 31.0M 32.2M 45.1M
Long Term Debt And Capital Lease Obligation 35.5M 50.3M 52.2M 69.5M
Long Term Capital Lease Obligation 16.4M 19.3M 20.1M 24.4M
Other Non Current Liabilities 4.3M 5.1M 5.1M 5.6M
Total Non Current Liabilities Net Minority Interest 45.3M 60.5M 68.0M 88.4M
Total Liabilities Net Minority Interest 154.6M 195.3M 203.5M 234.9M
Common Stock 1.2B 1.2B 1.2B 1.2B
Capital Stock 1.2B 1.2B 1.2B 1.2B
Additional Paid In Capital 11.5M 11.5M 11.5M 11.5M
Retained Earnings -1.1B -1.1B -1.0B -992.0M
Gains Losses Not Affecting Retained Earnings -33.5M -30.8M -35.3M -33.5M
Other Equity Adjustments -33.5M -30.8M -35.3M -33.5M
Common Stock Equity 137.0M 160.4M 204.0M 236.4M
Stockholders Equity 137.0M 160.4M 204.0M 236.4M
Total Equity Gross Minority Interest 137.0M 160.4M 204.0M 236.4M
Total Capitalization 156.1M 191.4M 236.1M 281.5M
Net Tangible Assets 128.9M 150.6M 193.2M 224.0M
Tangible Book Value 128.9M 150.6M 193.2M 224.0M
Working Capital 60.6M 81.9M 141.7M 192.1M
Invested Capital 170.8M 220.7M 256.9M 305.8M
Total Debt 52.8M 82.8M 76.4M 97.9M
Net Debt -- 5.5M -- --
Share Issued 17.3M 17.2M 17.1M 17.1M
Ordinary Shares Number 17.3M 17.2M 17.1M 17.1M
Assets Held For Sale Current -- -- 0.00 22.0M
Capital Lease Obligations 19.1M 22.6M 23.5M 28.6M
Current Capital Lease Obligation 2.6M 3.3M 3.4M 4.2M
Current Deferred Liabilities 4.2M 2.4M 4.4M 3.5M
Current Provisions 3.9M 6.9M 11.3M 13.6M
Duefrom Related Parties Current 7.5M 1.7M 4.0M 1.7M
Finished Goods 15.2M 14.0M 18.0M 16.6M
Land And Improvements 9.1M 9.2M 8.5M 8.8M
Leases 11.0M 13.2M 13.9M 13.5M
Line Of Credit 0.00 15.2M 9.1M 13.7M
Long Term Provisions 1.5M 1.6M 3.0M 5.2M
Machinery Furniture Equipment 81.9M 147.4M 131.3M 127.7M
Non Current Accounts Receivable -- 10.4M 10.0M --
Non Current Deferred Assets 9.7M 11.6M 10.4M 11.7M
Non Current Deferred Liabilities 4.0M 3.5M 3.3M 3.4M
Non Current Deferred Taxes Assets 9.7M 11.6M 10.4M 11.7M
Non Current Deferred Taxes Liabilities 4.0M 3.5M 3.3M 3.4M
Non Current Prepaid Assets 307,000 310,000 1.1M --
Other Current Borrowings 14.7M 14.1M 11.7M 10.6M
Other Equity Interest 9.5M 9.7M 9.2M 8.4M
Other Payable -- -- 1.2M 6.3M
Other Properties 19.0M 22.9M 23.7M 28.8M
Other Receivables 17.1M 6.7M 19.4M 14.5M
Properties 0.00 0.00 0.00 0.00
Raw Materials 37.1M 50.8M 61.2M 62.9M
Receivables Adjustments Allowances -4.2M -4.8M -5.0M -5.8M
Restricted Cash 406,000 103,000 98,000 104,000
Taxes Receivable 613,000 1.4M 818,000 872,000
Total Tax Payable 6.1M 4.3M 4.4M 4.6M
Tradeand Other Payables Non Current -- 0.00 4.4M 4.7M
Work In Process 1.2M 2.8M 2.4M 3.7M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 7.2M -13.2M -34.6M -43.8M
Cash Flow From Continuing Operating Activities 7.2M -13.2M -34.6M -43.8M
Depreciation And Amortization 8.7M 12.5M 11.8M 14.0M
Depreciation Amortization Depletion 8.7M 12.5M 11.8M 14.0M
Stock Based Compensation 1.1M 1.7M 2.1M 1.9M
Deferred Tax 1.8M -784,000 -440,000 -10.3M
Deferred Income Tax 1.8M -784,000 -440,000 -10.3M
Change In Working Capital 16.4M 9.4M -2.7M -27.4M
Changes In Account Receivables 25.6M 5.3M -1.5M -11.1M
Change In Receivables 25.6M 5.3M -1.5M -11.1M
Change In Inventory -6.8M 9.5M -3.5M -31.7M
Change In Payables And Accrued Expense 2.2M -2.4M 122,000 11.3M
Change In Other Current Liabilities -4.4M -5.8M 2.3M 233,000
Other Non Cash Items 74,000 2.9M -565,000 -919,000
Capital Expenditure -16.9M -15.6M -14.5M -14.2M
Purchase Of PPE -16.9M -15.6M -14.2M -14.2M
Net PPE Purchase And Sale -16.9M -15.6M -14.2M -14.2M
Purchase Of Business -9.9M 0.00 0.00 -5.9M
Sale Of Investment 30.0M 0.00 31.4M 0.00
Net Investment Purchase And Sale 30.0M 0.00 31.4M 0.00
Investing Cash Flow 4.5M -15.4M 17.6M 2.3M
Cash Flow From Continuing Investing Activities 4.5M -15.4M 17.6M 2.3M
Issuance Of Debt 19.3M 46.4M 41.2M 74.4M
Repayment Of Debt -44.5M -39.9M -55.4M -83.0M
Net Issuance Payments Of Debt -25.2M 6.5M -14.2M -8.6M
Issuance Of Capital Stock -- -- 0.00 120.7M
Net Common Stock Issuance -- -- 0.00 120.7M
Financing Cash Flow -25.2M -2.2M -19.4M 104.7M
Cash Flow From Continuing Financing Activities -25.2M -2.2M -19.4M 104.7M
Effect Of Exchange Rate Changes -3.6M -501,000 -2.3M -2.6M
Changes In Cash -13.6M -30.8M -36.4M 63.2M
Beginning Cash Position 54.9M 86.2M 124.9M 64.3M
End Cash Position 37.6M 54.9M 86.2M 124.9M
Free Cash Flow -9.7M -28.8M -49.1M -58.0M
Income Tax Paid Supplemental Data 2.1M 2.3M 1.8M 3.1M
Interest Paid Supplemental Data 2.7M 3.0M 3.0M 3.9M
Amortization Cash Flow 1.1M 904,000 1.1M --
Amortization Of Intangibles 1.1M 904,000 1.1M --
Asset Impairment Charge 3.6M 7.5M 1.5M 1.0M
Change In Prepaid Assets -153,000 2.9M -134,000 4.0M
Common Stock Issuance -- -- 0.00 120.7M
Depreciation 7.5M 11.6M 10.7M --
Dividends Received Cfi 297,000 0.00 0.00 21.8M
Earnings Losses From Equity Investments 5.4M -780,000 -930,000 -33.7M
Gain Loss On Investment Securities 352,000 -- -19.1M --
Gain Loss On Sale Of Business -15.2M 0.00 -- --
Long Term Debt Issuance 19.3M 46.4M -- --
Long Term Debt Payments -44.5M -39.9M -- --
Net Business Purchase And Sale -9.9M 0.00 0.00 -5.9M
Net Foreign Currency Exchange Gain Loss 6.2M 4.0M 6.4M -2.0M
Net Income From Continuing Operations -21.8M -49.7M -32.7M 13.7M
Net Intangibles Purchase And Sale -- 0.00 -287,000 0.00
Net Long Term Debt Issuance -25.2M 6.5M -- --
Net Other Financing Charges -- -8.7M -5.2M -7.5M
Net Other Investing Changes 998,000 161,000 731,000 600,000
Net Short Term Debt Issuance -- 6.5M -14.2M -8.6M
Operating Gains Losses -2.6M 3.2M -13.6M -35.9M
Purchase Of Intangibles -- 0.00 -287,000 0.00
Short Term Debt Issuance -- 46.4M 41.2M 74.4M
Short Term Debt Payments -- -39.9M -55.4M -83.0M
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