Westshore Terminals Investment Corporation
Financial Statements (IFRS) · Amounts in CAD
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 | 404.7M | 381.0M | 297.0M | 340.5M |
| Operating Revenue | 368.2M | 360.4M | 282.2M | 332.6M |
| Cost Of Revenue | 206.4M | 201.4M | 182.9M | 168.2M |
| Gross Profit | 198.3M | 179.6M | 114.0M | 172.3M |
| Selling General And Administration | 18.5M | 17.3M | 12.7M | 15.0M |
| General And Administrative Expense | 18.5M | 17.3M | 12.7M | 15.0M |
| Operating Expense | 18.5M | 17.3M | 12.7M | 15.0M |
| Operating Income | 179.8M | 162.3M | 101.3M | 157.3M |
| EBIT | 180.5M | 170.5M | 103.2M | 159.6M |
| Interest Expense | 22.5M | 10.8M | 11.5M | 11.9M |
| Interest Expense Non Operating | 22.5M | 10.8M | 11.5M | 11.9M |
| Interest Income | 5.2M | 6.5M | 2.8M | 1.2M |
| Interest Income Non Operating | 5.2M | 6.5M | 2.8M | 1.2M |
| Net Interest Income | -17.3M | -4.3M | -8.7M | -10.7M |
| Other Income Expense | -4.5M | 1.7M | -1.0M | 987,000 |
| Special Income Charges | -1.7M | -9,000 | 357,000 | 116,000 |
| Gain On Sale Of Security | -2.9M | 1.7M | -1.4M | 871,000 |
| Pretax Income | 158.0M | 159.7M | 91.7M | 147.7M |
| Tax Provision | 42.7M | 43.2M | 24.8M | 39.9M |
| Tax Effect Of Unusual Items | -1.2M | 456,266 | -275,655 | 266,363 |
| Net Income From Continuing And Discontinued Operation | 115.3M | 116.6M | 66.8M | 107.8M |
| Net Income From Continuing Operation Net Minority Interest | 115.3M | 116.6M | 66.8M | 107.8M |
| Net Income Including Noncontrolling Interests | 115.3M | 116.6M | 66.8M | 107.8M |
| Net Income Common Stockholders | 115.3M | 116.6M | 66.8M | 107.8M |
| Net Income | 115.3M | 116.6M | 66.8M | 107.8M |
| EBITDA | 214.4M | 201.0M | 133.4M | 188.0M |
| Normalized EBITDA | 219.0M | 199.4M | 134.4M | 187.0M |
| Reconciled Depreciation | 34.0M | 30.5M | 30.2M | 28.4M |
| Basic EPS | 1.86 | 1.86 | 1.06 | 1.70 |
| Diluted EPS | 1.86 | 1.86 | 1.06 | 1.70 |
| Basic Average Shares | 62.1M | 62.5M | 63.2M | 63.3M |
| Diluted Average Shares | 62.1M | 62.5M | 63.2M | 63.3M |
| Total Unusual Items | -4.5M | 1.7M | -1.0M | 987,000 |
| Total Unusual Items Excluding Goodwill | -4.5M | 1.7M | -1.0M | 987,000 |
| Tax Rate For Calcs | 0.27 | 0.27 | 0.27 | 0.27 |
| Normalized Income | 118.6M | 115.3M | 67.6M | 107.1M |
| Diluted NI Availto Com Stockholders | 115.3M | 116.6M | 66.8M | 107.8M |
| Gain On Sale Of Ppe | -1.7M | -9,000 | 357,000 | 116,000 |
| Net Income Continuous Operations | 115.3M | 116.6M | 66.8M | 107.8M |
| Net Non Operating Interest Income Expense | -17.3M | -4.3M | -8.7M | -10.7M |
| Other Gand A | 18.5M | 17.3M | 12.7M | 15.0M |
| Reconciled Cost Of Revenue | 206.4M | 201.4M | 182.9M | 168.2M |
| Total Expenses | 224.9M | 218.7M | 195.6M | 183.1M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 136.6M | 164.7M | 155.1M | 243.5M |
| Cash Cash Equivalents And Short Term Investments | 136.6M | 164.7M | 155.1M | 243.5M |
| Accounts Receivable | 33.1M | 41.8M | 8.8M | 14.7M |
| Receivables | 33.1M | 41.8M | 20.3M | 15.2M |
| Inventory | 18.7M | 18.5M | 17.6M | 17.8M |
| Prepaid Assets | 3.3M | 2.6M | 2.5M | 1.9M |
| Other Current Assets | -- | 1.1M | -- | -- |
| Current Assets | 191.7M | 228.8M | 195.5M | 278.4M |
| Gross PPE | 1.6B | 1.1B | 972.1M | 923.0M |
| Accumulated Depreciation | -366.6M | -343.2M | -320.4M | -298.7M |
| Net PPE | 1.2B | 758.2M | 651.6M | 624.3M |
| Goodwill | 365.5M | 365.5M | 365.5M | 365.5M |
| Goodwill And Other Intangible Assets | 374.8M | 374.0M | 374.3M | 374.0M |
| Other Intangible Assets | 9.2M | 8.5M | 8.8M | 8.5M |
| Total Non Current Assets | 1.7B | 1.2B | 1.1B | 1.0B |
| Total Assets | 1.9B | 1.4B | 1.3B | 1.3B |
| Current Debt And Capital Lease Obligation | 550,000 | 3.0M | 2.8M | 2.7M |
| Accounts Payable | 164.9M | 103.1M | 45.1M | 44.6M |
| Payables | 190.7M | 141.0M | 63.9M | 60.4M |
| Payables And Accrued Expenses | 190.7M | 141.0M | 63.9M | 60.4M |
| Current Deferred Revenue | 16.9M | 1.5M | 11.4M | 12.2M |
| Other Current Liabilities | 2.6M | -- | 673,000 | -- |
| Current Liabilities | 210.7M | 145.5M | 78.8M | 75.3M |
| Long Term Debt And Capital Lease Obligation | 440.9M | 274.9M | 277.7M | 280.6M |
| Long Term Capital Lease Obligation | 440.9M | 274.9M | 277.7M | 280.6M |
| Total Non Current Liabilities Net Minority Interest | 913.9M | 519.6M | 467.3M | 433.1M |
| Total Liabilities Net Minority Interest | 1.1B | 665.1M | 546.1M | 508.4M |
| Common Stock | 1.4B | 1.4B | 1.4B | 1.5B |
| Capital Stock | 1.4B | 1.4B | 1.4B | 1.5B |
| Retained Earnings | -693.6M | -707.0M | -731.1M | -665.2M |
| Common Stock Equity | 725.9M | 729.6M | 712.7M | 788.5M |
| Stockholders Equity | 725.9M | 729.6M | 712.7M | 788.5M |
| Total Equity Gross Minority Interest | 725.9M | 729.6M | 712.7M | 788.5M |
| Total Capitalization | 725.9M | 729.6M | 712.7M | 788.5M |
| Net Tangible Assets | 351.1M | 355.5M | 338.4M | 414.5M |
| Tangible Book Value | 351.1M | 355.5M | 338.4M | 414.5M |
| Working Capital | -19.0M | 83.3M | 116.8M | 203.1M |
| Invested Capital | 725.9M | 729.6M | 712.7M | 788.5M |
| Total Debt | 441.4M | 277.9M | 280.6M | 283.3M |
| Share Issued | 61.8M | 62.5M | 62.8M | 63.3M |
| Ordinary Shares Number | 61.8M | 62.5M | 62.8M | 63.3M |
| Capital Lease Obligations | 441.4M | 277.9M | 280.6M | 283.3M |
| Construction In Progress | 549.2M | 205.9M | 79.2M | 26.0M |
| Current Capital Lease Obligation | 550,000 | 3.0M | 2.8M | 2.7M |
| Current Deferred Liabilities | 16.9M | 1.5M | 11.4M | 12.2M |
| Defined Pension Benefit | 34.2M | 28.3M | 34.6M | 20.1M |
| Dividends Payable | 23.2M | 21.9M | 18.8M | 15.8M |
| Employee Benefits | 64.6M | 69.7M | 61.9M | 88.7M |
| Financial Assets | -- | -- | 0.00 | 51,000 |
| Hedging Assets Current | 0.00 | 1.1M | -- | -- |
| Income Tax Payable | 2.6M | 16.0M | 0.00 | -- |
| Machinery Furniture Equipment | 555.2M | 556.4M | 547.9M | 546.1M |
| Non Current Accounts Receivable | 18.2M | 5.3M | 2.7M | -- |
| Non Current Deferred Liabilities | 408.5M | 175.0M | 127.7M | 63.8M |
| Non Current Deferred Revenue | 363.3M | 128.1M | 75.4M | 21.5M |
| Non Current Deferred Taxes Liabilities | 45.2M | 46.9M | 52.3M | 42.3M |
| Non Current Pension And Other Postretirement Benefit Plans | 64.6M | 69.7M | 61.9M | 88.7M |
| Other Properties | 411.1M | 256.3M | 262.2M | 268.1M |
| Properties | 82.8M | 82.8M | 82.8M | 82.8M |
| Taxes Receivable | -- | 0.00 | 11.6M | 425,000 |
| Total Tax Payable | 2.6M | 16.0M | 0.00 | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | 396.1M | 189.6M | 144.1M | 136.6M |
| Cash Flow From Continuing Operating Activities | 396.1M | 189.6M | 144.1M | 136.6M |
| Depreciation And Amortization | 34.0M | 30.5M | 30.2M | 28.4M |
| Depreciation Amortization Depletion | 34.0M | 30.5M | 30.2M | 28.4M |
| Deferred Tax | 42.7M | 43.2M | 24.8M | 39.9M |
| Deferred Income Tax | 42.7M | 43.2M | 24.8M | 39.9M |
| Change In Working Capital | 37.0M | -31.1M | 2.6M | -3.1M |
| Changes In Account Receivables | 8.7M | -33.0M | 5.9M | -3.1M |
| Change In Receivables | 8.7M | -33.0M | 5.9M | -3.1M |
| Change In Inventory | -165,000 | -898,000 | 184,000 | 403,000 |
| Change In Payables And Accrued Expense | 13.8M | 12.9M | -2.1M | -791,000 |
| Change In Other Working Capital | 15.4M | -9.9M | -834,000 | -256,000 |
| Other Non Cash Items | 239.7M | 54.3M | 59.9M | 10.7M |
| Capital Expenditure | -298.0M | -91.6M | -54.9M | -8.1M |
| Net PPE Purchase And Sale | -296.4M | -91.1M | -53.8M | -934,000 |
| Investing Cash Flow | -298.0M | -91.6M | -54.9M | -8.1M |
| Cash Flow From Continuing Investing Activities | -298.0M | -91.6M | -54.9M | -8.1M |
| Repayment Of Debt | -- | -- | -2.7M | -2.7M |
| Net Issuance Payments Of Debt | -191,000 | -2.7M | -2.7M | -2.7M |
| Repurchase Of Capital Stock | -17.7M | -7.6M | -10.1M | -2.1M |
| Net Common Stock Issuance | -17.7M | -7.6M | -10.1M | -2.1M |
| Common Stock Dividend Paid | -113.6M | -84.5M | -167.6M | -82.9M |
| Common Stock Payments | -17.7M | -7.6M | -10.1M | -2.1M |
| Financing Cash Flow | -126.2M | -88.3M | -177.6M | -86.4M |
| Cash Flow From Continuing Financing Activities | -126.2M | -88.3M | -177.6M | -86.4M |
| Changes In Cash | -28.2M | 9.7M | -88.4M | 42.1M |
| Beginning Cash Position | 164.7M | 155.1M | 243.5M | 201.4M |
| End Cash Position | 136.6M | 164.7M | 155.1M | 243.5M |
| Free Cash Flow | 98.1M | 98.0M | 89.2M | 128.5M |
| Cash Dividends Paid | -113.6M | -84.5M | -167.6M | -82.9M |
| Change In Prepaid Assets | -669,000 | -129,000 | -564,000 | 613,000 |
| Depreciation | -- | -- | 30.2M | 28.4M |
| Gain Loss On Investment Securities | 3.7M | -1.8M | 724,000 | -47,000 |
| Gain Loss On Sale Of PPE | 1.7M | 9,000 | -357,000 | -116,000 |
| Interest Paid Cfo | -20.1M | -8.9M | -9.0M | -9.0M |
| Long Term Debt Payments | -- | -- | -2.7M | -2.7M |
| Net Income From Continuing Operations | 115.3M | 116.6M | 66.8M | 107.8M |
| Net Intangibles Purchase And Sale | -1.6M | -584,000 | -1.1M | -7.2M |
| Net Long Term Debt Issuance | -191,000 | -2.7M | -2.7M | -2.7M |
| Net Other Financing Charges | 5.2M | 6.5M | 2.8M | 1.2M |
| Operating Gains Losses | 10.5M | 4.2M | 8.7M | 7.0M |
| Pension And Employee Benefit Expense | 5.1M | 6.0M | 8.4M | 7.2M |
| Purchase Of Intangibles | -- | -- | -1.1M | -7.2M |
| Taxes Refund Paid | -63.0M | -19.3M | -40.0M | -45.1M |