Cash flow Air Canada

Equities

AC

CA0089118776

Airlines

Market Closed - Toronto S.E. Other stock markets 04:00:00 2025-12-12 pm EST			5-day change	1st Jan Change
18.45 ^CAD	+1.26%		-2.28%	-17.12%

Dec. 08	Air Canada's Inaugural Flights to the Bahamas from Ottawa and Halifax Take Flight	CI
Dec. 05	Air Canada Launches Non-Stop Service to Rio de Janeiro	MT

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Published financial data: AIR CANADA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	5.3B	5.99B	15.5B	20.33B	20.75B
Other Revenues, Total	531M	407M	1.05B	1.51B	1.5B
Total Revenues	5.83B	6.4B	16.56B	21.83B	22.26B
Cost of Goods Sold, Total	6.7B	6.77B	12.56B	14.51B	15.63B
Gross Profit	-863M	-374M	4B	7.32B	6.63B
Selling General & Admin Expenses, Total	346M	281M	853M	1.16B	1.17B
Stock-Based Compensation (IS)	-	-	-	-	-
Depreciation & Amortization - (IS)	1.85B	1.62B	1.64B	1.7B	1.8B
Other Operating Expenses	861M	817M	1.66B	2.15B	2.36B
Other Operating Expenses, Total	3.06B	2.71B	4.15B	5.02B	5.32B
Operating Income	-3.92B	-3.09B	-159M	2.3B	1.3B
Interest Expense, Total	-631M	-732M	-896M	-930M	-731M
Interest And Investment Income	132M	72M	168M	416M	431M
Net Interest Expenses	-499M	-660M	-728M	-514M	-300M
Currency Exchange Gains (Loss)	-293M	-52M	-732M	389M	-400M
Other Non Operating Income (Expenses)	-276M	-47M	199M	-2M	-79M
EBT, Excl. Unusual Items	-4.99B	-3.85B	-1.42B	2.18B	526M
Restructuring Charges	-127M	-161M	-	-	-
Gain (Loss) On Sale Of Investments	-	-36M	-86M	45M	17M
Gain (Loss) On Sale Of Assets	18M	-	-	-	-
Asset Writedown	-315M	-38M	-4M	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	558M	101M	-14M	-10M	-28M
EBT, Incl. Unusual Items	-4.85B	-3.98B	-1.52B	2.21B	515M
Income Tax Expense	-206M	-379M	176M	-64M	-1.2B
Earnings From Continuing Operations	-4.65B	-3.6B	-1.7B	2.28B	1.72B
Net Income to Company	-4.65B	-3.6B	-1.7B	2.28B	1.72B
Minority Interest	-	-	-	-	-
Net Income - (IS)	-4.65B	-3.6B	-1.7B	2.28B	1.72B
Net Income to Common Incl Extra Items	-4.65B	-3.6B	-1.7B	2.28B	1.72B
Net Income to Common Excl. Extra Items	-4.65B	-3.6B	-1.7B	2.28B	1.72B
Per Share Items
Net EPS - Basic	-16.48	-10.26	-4.75	6.36	4.8
Basic EPS - Continuing Operations	-16.48	-10.26	-4.75	6.36	4.8
Basic Weighted Average Shares Outstanding	282M	351M	358M	358M	358M
Net EPS - Diluted	-16.48	-10.26	-4.75	5.97	4.72
Diluted EPS - Continuing Operations	-16.48	-10.26	-4.75	5.97	4.72
Diluted Weighted Average Shares Outstanding	282M	351M	358M	376M	376M
Normalized Basic EPS	-11.05	-6.85	-2.48	3.8	0.92
Normalized Diluted EPS	-11.05	-6.85	-2.48	3.62	0.87
Supplemental Items
EBITDA	-2.89B	-2.15B	816M	3.36B	2.44B
EBITA	-3.9B	-3.07B	-140M	2.32B	1.32B
EBIT	-3.92B	-3.09B	-159M	2.3B	1.3B
EBITDAR	-2.8B	-2.11B	872M	3.42B	2.52B
Total Revenues (As Reported)	5.83B	6.4B	16.56B	21.83B	22.26B
Effective Tax Rate - (Ratio)	4.24	9.52	-11.55	-2.89	-233.98
Total Current Taxes	-42M	16M	47M	-17M	30M
Total Deferred Taxes	-164M	-395M	129M	-47M	-1.24B
Normalized Net Income	-3.12B	-2.4B	-888M	1.36B	329M
Interest Capitalized	25M	17M	13M	14M	32M
Interest on Long-Term Debt	656M	749M	909M	944M	763M
Non-Cash Pension Expense	37M	340M	-49M	-70M	424M
Supplemental Operating Expense Items
Selling and Marketing Expenses	252M	244M	797M	1.1B	1.08B
Research And Development Expense From Footnotes	108M	84M	106M	107M	116M
Net Rental Expense, Total	94M	37M	56M	68M	81M
Imputed Operating Lease Interest Expense	44.38M	15.02M	24.81M	34.04M	37.27M
Imputed Operating Lease Depreciation	49.62M	21.98M	31.19M	33.96M	43.73M
Maintenance & Repair Expenses, Total	681M	656M	706M	1.08B	1.24B
Stock-Based Comp., COGS (Total)	5M	-	-	-	-
Stock-Based Comp., Other (Total)	-7M	24M	32M	38M	51M
Total Stock-Based Compensation	-2M	24M	32M	38M	51M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	3.66B	4.25B	2.31B	2.82B	2.52B
Short Term Investments	3.84B	4.55B	5.3B	5.73B	4.46B
Total Cash And Short Term Investments	7.5B	8.8B	7.6B	8.55B	6.98B
Accounts Receivable, Total	644M	691M	1.04B	1.12B	1.09B
Notes Receivable	-	-	-	-	-
Total Receivables	644M	691M	1.04B	1.12B	1.09B
Inventory	166M	224M	318M	337M	391M
Prepaid Expenses	180M	83M	183M	124M	476M
Restricted Cash	106M	167M	386M	-	-
Other Current Assets, Total	74M	86M	139M	127M	124M
Total Current Assets	8.67B	10.05B	9.66B	10.26B	9.06B
Gross Property Plant And Equipment	22.48B	21.92B	23.13B	23.74B	24.69B
Accumulated Depreciation	-11.1B	-10.73B	-11.65B	-12.5B	-13.06B
Net Property Plant And Equipment	11.38B	11.19B	11.48B	11.25B	11.64B
Long-term Investments	570M	653M	887M	820M	857M
Goodwill	3.27B	3.27B	3.27B	3.27B	3.27B
Other Intangibles, Total	1.13B	1.08B	1.05B	1.08B	1.17B
Deferred Tax Assets Long-Term	25M	39M	48M	50M	1.04B
Other Long-Term Assets, Total	3.86B	4.32B	3.1B	3.46B	4.17B
Total Assets	28.91B	30.61B	29.51B	30.2B	31.21B
Liabilities
Accounts Payable, Total	2.05B	2.36B	2.55B	3.04B	3.32B
Accrued Expenses, Total	375M	206M	98M	252M	307M
Current Portion of Long-Term Debt	1.24B	511M	713M	359M	1.16B
Current Portion of Leases	544M	501M	550M	507M	592M
Unearned Revenue Current, Total	2.89B	3.31B	5.4B	5.81B	5.98B
Other Current Liabilities	38M	38M	41M	38M	87M
Total Current Liabilities	7.14B	6.92B	9.35B	10.01B	11.45B
Long-Term Debt	8.15B	12.83B	12.56B	10.97B	9.07B
Long-Term Leases	3.05B	2.68B	2.49B	2.03B	1.84B
Unearned Revenue Non Current	4.03B	3.66B	3.16B	2.99B	2.95B
Pension & Other Post Retirement Benefits	3.02B	2.59B	1.77B	1.88B	1.84B
Deferred Tax Liability Non Current	75M	73M	73M	73M	73M
Other Non Current Liabilities	1.74B	1.85B	1.66B	1.46B	1.59B
Total Liabilities	27.2B	30.6B	31.06B	29.4B	28.82B
Common Stock, Total	2.15B	2.74B	2.74B	2.74B	2.61B
Additional Paid In Capital	98M	104M	118M	133M	149M
Retained Earnings	-494M	-2.78B	-4.37B	-2.02B	-325M
Comprehensive Income and Other	-39M	-45M	-46M	-57M	-48M
Total Common Equity	1.72B	9M	-1.56B	796M	2.39B
Minority Interest	-	-	-	-	-
Total Equity	1.72B	9M	-1.56B	796M	2.39B
Total Liabilities And Equity	28.91B	30.61B	29.51B	30.2B	31.21B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	332M	358M	358M	358M	340M
ECS Total Common Shares Outstanding	332M	358M	358M	358M	340M
Book Value / Share	5.16	0.03	-4.34	2.22	7.03
Tangible Book Value	-2.69B	-4.34B	-5.88B	-3.56B	-2.06B
Tangible Book Value Per Share	-8.1	-12.14	-16.41	-9.93	-6.05
Total Debt	12.99B	16.52B	16.31B	13.86B	12.67B
Net Debt	5.49B	7.72B	8.7B	5.31B	5.69B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-2.17B	-4.62B	-4.45B	-3.64B	-3.64B
Debt Equivalent Oper. Leases	752M	296M	448M	544M	648M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	41M	122M	200M	169M	192M
Inventories - Others	125M	102M	118M	168M	199M
Buildings, Total	1.03B	1.05B	1.09B	1.12B	1.22B
Machinery, Total	13.53B	13.96B	15.02B	15.8B	16.58B
Full Time Employees	21.1K	19.8K	30.5K	35.7K	37.1K
Assets on Operating Lease - Gross	389M	400M	425M	485M	590M
Assets on Operating Lease - Accumulated Depreciation	-172M	-198M	-215M	-252M	-335M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-4.65B	-3.6B	-1.7B	2.28B	1.72B
Depreciation & Amortization - CF	1.71B	1.5B	1.51B	1.57B	1.65B
Amortization of Goodwill and Intangible Assets - (CF)	19M	20M	19M	19M	20M
Depreciation & Amortization, Total	1.73B	1.52B	1.53B	1.58B	1.67B
Amortization of Deferred Charges, Total - (CF)	108M	84M	106M	107M	116M
(Gain) Loss From Sale Of Asset	-18M	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	36M	86M	-45M	-17M
Asset Writedown & Restructuring Costs	315M	-	4M	-	-
Other Operating Activities, Total	452M	118M	737M	-370M	37M
Change in Other Net Operating Assets	-290M	283M	1.61B	767M	406M
Cash from Operations	-2.35B	-1.56B	2.37B	4.32B	3.93B
Capital Expenditure	-1.2B	-1.07B	-1.57B	-1.56B	-2.64B
Sale of Property, Plant, and Equipment	12M	19M	36M	9M	-
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-63M	-862M	-959M	-245M	1.27B
Other Investing Activities, Total	520M	47M	-3M	-27M	-1M
Cash from Investing	-733M	-1.87B	-2.5B	-1.83B	-1.36B
Long-Term Debt Issued, Total	6.26B	8.17B	202M	84M	1.59B
Total Debt Issued	6.26B	8.17B	202M	84M	1.59B
Long-Term Debt Repaid, Total	-2.72B	-4.51B	-1.81B	-2.45B	-3.96B
Total Debt Repaid	-2.72B	-4.51B	-1.81B	-2.45B	-3.96B
Issuance of Common Stock	1.37B	555M	6M	1M	1M
Repurchase of Common Stock	-132M	-	-	-	-473M
Other Financing Activities, Total	-78M	-205M	-6M	-1M	-34M
Cash from Financing	4.7B	4.01B	-1.61B	-2.37B	-2.87B
Foreign Exchange Rate Adjustments	-48M	11M	20M	-1M	6M
Net Change in Cash	1.57B	590M	-1.72B	124M	-299M
Supplemental Items
Cash Interest Paid	528M	531M	761M	858M	696M
Cash Income Tax Paid (Refund)	8M	2M	67M	45M	50M
Levered Free Cash Flow	-2.96B	-1.35B	799M	2.04B	-253M
Unlevered Free Cash Flow	-2.57B	-897M	1.36B	2.63B	204M
Change In Net Working Capital	749M	-480M	-1.37B	-1.02B	-189M
Net Debt Issued / Repaid	3.54B	3.66B	-1.61B	-2.37B	-2.37B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-8.64	-6.48	-0.33	4.82	2.66
Return on Total Capital	-17.28	-12.36	-0.64	9.79	5.49
Return On Equity %	-151.99	-417.87	219.92	-599.74	108.04
Return on Common Equity	-151.99	-417.87	219.92	-599.74	108.04
Margin Analysis
Gross Profit Margin %	-14.8	-5.84	24.13	33.54	29.78
SG&A Margin	5.93	4.39	5.15	5.34	5.24
EBITDA Margin %	-49.61	-33.53	4.93	15.38	10.95
EBITA Margin %	-66.86	-47.94	-0.85	10.64	5.95
EBIT Margin %	-67.19	-48.25	-0.96	10.55	5.86
Income From Continuing Operations Margin %	-79.67	-56.28	-10.27	10.42	7.73
Net Income Margin %	-79.67	-56.28	-10.27	10.42	7.73
Net Avail. For Common Margin %	-79.67	-56.28	-10.27	10.42	7.73
Normalized Net Income Margin	-53.44	-37.57	-5.36	6.23	1.48
Levered Free Cash Flow Margin	-50.78	-21.16	4.82	9.37	-1.14
Unlevered Free Cash Flow Margin	-44.01	-14.02	8.21	12.03	0.91
Asset Turnover
Asset Turnover	0.21	0.22	0.55	0.73	0.73
Fixed Assets Turnover	0.5	0.57	1.46	1.92	1.95
Receivables Turnover (Average Receivables)	6.75	8.98	17.94	18.84	18.78
Inventory Turnover (Average Inventory)	35.43	34.74	46.35	44.31	42.93
Short Term Liquidity
Current Ratio	1.21	1.45	1.03	1.03	0.79
Quick Ratio	1.14	1.37	0.92	0.97	0.71
Operating Cash Flow to Current Liabilities	-0.33	-0.23	0.25	0.43	0.34
Days Sales Outstanding (Average Receivables)	54.19	40.65	20.34	19.37	19.49
Days Outstanding Inventory (Average Inventory)	10.33	10.51	7.87	8.24	8.52
Average Days Payable Outstanding	116.87	117.83	70.82	70.22	74.14
Cash Conversion Cycle (Average Days)	-52.35	-66.67	-42.61	-42.6	-46.12
Long Term Solvency
Total Debt/Equity	757.38	184K	-1.05K	1.74K	530.57
Total Debt / Total Capital	88.34	99.95	110.54	94.57	84.14
LT Debt/Equity	653.12	172K	-967.4	1.63K	457.08
Long-Term Debt / Total Capital	76.18	93.82	101.98	88.66	72.49
Total Liabilities / Total Assets	94.07	99.97	105.27	97.36	92.35
EBIT / Interest Expense	-6.21	-4.22	-0.18	2.48	1.79
EBITDA / Interest Expense	-3.47	-2.14	1.53	4.18	4.07
(EBITDA - Capex) / Interest Expense	-5.38	-3.61	-0.23	2.5	0.46
Total Debt / EBITDA	-5.93	-10.52	11.93	3.56	4.26
Net Debt / EBITDA	-2.5	-4.92	6.37	1.37	1.91
Total Debt / (EBITDA - Capex)	-3.83	-6.25	-79.54	5.96	37.6
Net Debt / (EBITDA - Capex)	-1.62	-2.92	-42.46	2.28	16.88
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-69.51	9.72	158.69	31.87	1.93
Gross Profit, 1 Yr. Growth %	-114.05	-56.66	99.78K	83.3	-9.5
EBITDA, 1 Yr. Growth %	-205.01	-25.85	-142.9	311.4	-27.38
EBITA, 1 Yr. Growth %	-339.26	-21.33	-95.04	-1.76K	-42.96
EBIT, 1 Yr. Growth %	-343.26	-21.2	-94.41	-1.55K	-43.36
Earnings From Cont. Operations, 1 Yr. Growth %	-414.84	-22.49	-52.8	-233.88	-24.43
Net Income, 1 Yr. Growth %	-414.84	-22.49	-52.8	-233.88	-24.43
Normalized Net Income, 1 Yr. Growth %	-380.96	-22.86	-60.59	-253.31	-75.84
Diluted EPS Before Extra, 1 Yr. Growth %	-403.67	-37.73	-53.71	-225.59	-20.82
Accounts Receivable, 1 Yr. Growth %	-30.45	7.3	50.07	8.1	-2.85
Inventory, 1 Yr. Growth %	-21.7	34.94	41.96	5.97	16.02
Net Property, Plant and Equip., 1 Yr. Growth %	-3.48	-1.69	2.58	-2.02	3.68
Total Assets, 1 Yr. Growth %	4.16	5.88	-3.62	2.34	3.44
Tangible Book Value, 1 Yr. Growth %	-2.25K	61.37	35.41	-39.46	-42.29
Common Equity, 1 Yr. Growth %	-61.02	-99.48	-17.38K	-151.19	200
Cash From Operations, 1 Yr. Growth %	-141.19	-33.57	-257.66	82.43	-9.03
Capital Expenditures, 1 Yr. Growth %	-40.64	-10.73	46.51	-0.51	68.54
Levered Free Cash Flow, 1 Yr. Growth %	-213.01	-54.27	-166.44	72.61	-112.44
Unlevered Free Cash Flow, 1 Yr. Growth %	-187.9	-65.06	-282.49	50.52	-92.22
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-43.08	-42.16	68.47	84.7	15.94
Gross Profit, 2 Yr. CAGR %	-60.05	-75.32	115.16	4.18K	28.8
EBITDA, 2 Yr. CAGR %	7.79	-11.76	-46.9	32.85	72.85
EBITA, 2 Yr. CAGR %	64.23	37.19	-81.05	-9.3	207.64
EBIT, 2 Yr. CAGR %	64.63	38.45	-79.86	-9.99	186.49
Earnings From Cont. Operations, 2 Yr. CAGR %	1.02K	56.22	-39.52	-20.51	0.59
Net Income, 2 Yr. CAGR %	1.02K	56.22	-39.52	-20.51	0.59
Normalized Net Income, 2 Yr. CAGR %	250.04	47.22	-46.64	-22.27	-39.14
Diluted EPS Before Extra, 2 Yr. CAGR %	1.03K	37.52	-46.31	-23.76	-0.28
Accounts Receivable, 2 Yr. CAGR %	-10.05	-13.62	26.9	27.37	2.48
Inventory, 2 Yr. CAGR %	-13.14	2.79	38.41	22.66	10.89
Net Property, Plant and Equip., 2 Yr. CAGR %	0.59	-2.59	0.43	0.25	0.67
Total Assets, 2 Yr. CAGR %	14.95	5.02	1.02	-0.68	2.84
Tangible Book Value, 2 Yr. CAGR %	2.51	489.51	47.82	-9.46	-40.89
Common Equity, 2 Yr. CAGR %	-27.66	-95.48	-4.78	840.45	23.92
Cash From Operations, 2 Yr. CAGR %	-17.65	-47.69	0.32	69.59	28.83
Capital Expenditures, 2 Yr. CAGR %	-29.76	-27.21	14.36	20.73	29.49
Levered Free Cash Flow, 2 Yr. CAGR %	527.37	-28.11	-48.07	30.43	-53.76
Unlevered Free Cash Flow, 2 Yr. CAGR %	150.93	-44.58	-27.25	87.81	-65.84
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-28.93	-29.16	-4.7	55.27	51.5
Gross Profit, 3 Yr. CAGR %	-42.12	-58.95	-13.36	103.97	1.08K
EBITDA, 3 Yr. CAGR %	8.43	-4.85	-33.35	5.07	8.63
EBITA, 3 Yr. CAGR %	42.92	28.5	-55.88	-15.86	-22.29
EBIT, 3 Yr. CAGR %	43.15	28.78	-53.79	-16.23	-22.87
Earnings From Cont. Operations, 3 Yr. CAGR %	31.81	360.02	4.82	-21.17	-21.84
Net Income, 3 Yr. CAGR %	31.81	360.02	4.82	-21.17	-21.84
Normalized Net Income, 3 Yr. CAGR %	58.9	111.43	-7.17	-24.14	-47.34
Diluted EPS Before Extra, 3 Yr. CAGR %	31.12	328.97	-4.34	-28.73	-22.79
Accounts Receivable, 3 Yr. CAGR %	-7.51	-4.61	3.85	20.29	16.37
Inventory, 3 Yr. CAGR %	-6.94	0.6	14.47	26.62	20.4
Net Property, Plant and Equip., 3 Yr. CAGR %	11.6	-0.18	-0.89	-0.4	1.31
Total Assets, 3 Yr. CAGR %	17.59	11.84	2.06	1.46	0.64
Tangible Book Value, 3 Yr. CAGR %	-1.22	19.24	261.03	9.77	-22.08
Common Equity, 3 Yr. CAGR %	-20.57	-86	-29.3	-22.57	542.58
Cash From Operations, 3 Yr. CAGR %	-4.93	-23.34	-25.44	22.45	37.8
Capital Expenditures, 3 Yr. CAGR %	-20.83	-23.91	-8.09	9.17	34.93
Levered Free Cash Flow, 3 Yr. CAGR %	127.4	162.07	-32.71	-11.62	-40.5
Unlevered Free Cash Flow, 3 Yr. CAGR %	217.78	30.06	-22.52	0.76	-35.09
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-15.9	-15.3	0.37	3.93	3.07
Gross Profit, 5 Yr. CAGR %	-25.77	-38.08	-2.14	6.25	1.53
EBITDA, 5 Yr. CAGR %	7.23	-0.07	-18.5	6.15	-2.42
EBITA, 5 Yr. CAGR %	22.51	17.67	-36.31	9.95	-4.06
EBIT, 5 Yr. CAGR %	22.63	17.82	-34.67	9.76	-4.13
Earnings From Cont. Operations, 5 Yr. CAGR %	72.08	32.68	-3.48	127.93	3.11
Net Income, 5 Yr. CAGR %	72.64	32.68	-3.48	127.93	3.11
Normalized Net Income, 5 Yr. CAGR %	71.62	29.95	2.7	39.85	-21.59
Diluted EPS Before Extra, 5 Yr. CAGR %	74.11	27.05	-8.26	114.95	-2.74
Accounts Receivable, 5 Yr. CAGR %	-0.31	-0.46	4.96	7.09	3.3
Inventory, 5 Yr. CAGR %	-1.82	3.79	9.07	8.9	13.02
Net Property, Plant and Equip., 5 Yr. CAGR %	12.7	7.98	6.99	-0	-0.27
Total Assets, 5 Yr. CAGR %	17.11	15.16	10.66	6.65	2.37
Tangible Book Value, 5 Yr. CAGR %	34.48	48.92	16.06	6.81	75.06
Common Equity, 5 Yr. CAGR %	165.5	-62.53	-14.59	-24.65	-11.51
Cash From Operations, 5 Yr. CAGR %	3.05	-8.38	-2.86	4.48	-7.21
Capital Expenditures, 5 Yr. CAGR %	-7.91	-18.15	-8.28	-8.48	5.42
Levered Free Cash Flow, 5 Yr. CAGR %	45.7	8.06	25.96	93.56	-37.34
Unlevered Free Cash Flow, 5 Yr. CAGR %	58.97	4.44	76.2	45.14	-41.3