Cash flow Air Canada

Equities

AC

CA0089118776

Airlines

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-09-10 pm EDT			5-day change	1st Jan Change
15.13 ^CAD	+0.40%		-0.53%	-19.05%

08:26pm	Air Canada Brief: Company Says Union Asking For Wage Increases Far Above Canada Average, and Adds In Canada More Applying For Pilot Jobs Than Positions Available	MT
08:25pm	Air Canada Brief: Pilots' Union Has Knocked Back 30% Pay Increases, Asking For Closer To 40% As Per What U.S. Counterparts Got	MT

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Published financial data: AIR CANADA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	17.95B	5.3B	5.99B	15.5B	20.33B
Other Revenues, Total	1.18B	531M	407M	1.05B	1.51B
Total Revenues	19.13B	5.83B	6.4B	16.56B	21.83B
Cost of Goods Sold, Total	12.99B	6.7B	6.77B	12.56B	14.51B
Gross Profit	6.14B	-863M	-374M	4B	7.32B
Selling General & Admin Expenses, Total	988M	346M	281M	853M	1.16B
Stock-Based Compensation (IS)	-	-	-	-	-
Depreciation & Amortization - (IS)	1.99B	1.85B	1.62B	1.64B	1.7B
Other Operating Expenses	1.56B	861M	817M	1.66B	2.15B
Other Operating Expenses, Total	4.53B	3.06B	2.71B	4.15B	5.02B
Operating Income	1.61B	-3.92B	-3.09B	-159M	2.3B
Interest Expense, Total	-480M	-631M	-732M	-896M	-930M
Interest And Investment Income	164M	132M	72M	168M	416M
Net Interest Expenses	-316M	-499M	-660M	-728M	-514M
Currency Exchange Gains (Loss)	499M	-293M	-52M	-732M	389M
Other Non Operating Income (Expenses)	-38M	-276M	-47M	199M	-2M
EBT, Excl. Unusual Items	1.76B	-4.99B	-3.85B	-1.42B	2.18B
Restructuring Charges	-	-127M	-161M	-	-
Gain (Loss) On Sale Of Investments	-	-	-36M	-86M	45M
Gain (Loss) On Sale Of Assets	13M	18M	-	-	-
Asset Writedown	-	-315M	-38M	-4M	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	6M	558M	101M	-14M	-10M
EBT, Incl. Unusual Items	1.78B	-4.85B	-3.98B	-1.52B	2.21B
Income Tax Expense	299M	-206M	-379M	176M	-64M
Earnings From Continuing Operations	1.48B	-4.65B	-3.6B	-1.7B	2.28B
Net Income to Company	1.48B	-4.65B	-3.6B	-1.7B	2.28B
Minority Interest	-	-	-	-	-
Net Income - (IS)	1.48B	-4.65B	-3.6B	-1.7B	2.28B
Net Income to Common Incl Extra Items	1.48B	-4.65B	-3.6B	-1.7B	2.28B
Net Income to Common Excl. Extra Items	1.48B	-4.65B	-3.6B	-1.7B	2.28B
Per Share Items
Net EPS - Basic	5.51	-16.48	-10.26	-4.75	6.36
Basic EPS - Continuing Operations	5.51	-16.48	-10.26	-4.75	6.36
Basic Weighted Average Shares Outstanding	268M	282M	351M	358M	358M
Net EPS - Diluted	5.43	-16.48	-10.26	-4.75	5.97
Diluted EPS - Continuing Operations	5.43	-16.48	-10.26	-4.75	5.97
Diluted Weighted Average Shares Outstanding	272M	282M	351M	358M	376M
Normalized Basic EPS	4.1	-11.05	-6.85	-2.48	3.8
Normalized Diluted EPS	4.03	-11.05	-6.85	-2.48	3.62
Supplemental Items
EBITDA	2.76B	-2.89B	-2.15B	816M	3.36B
EBITA	1.63B	-3.9B	-3.07B	-140M	2.32B
EBIT	1.61B	-3.92B	-3.09B	-159M	2.3B
EBITDAR	2.87B	-2.8B	-2.11B	872M	3.42B
Total Revenues (As Reported)	19.13B	5.83B	6.4B	16.56B	21.83B
Effective Tax Rate - (Ratio)	16.84	4.24	9.52	-11.55	-2.89
Total Current Taxes	72M	-42M	16M	47M	-17M
Total Deferred Taxes	227M	-164M	-395M	129M	-47M
Normalized Net Income	1.1B	-3.12B	-2.4B	-888M	1.36B
Interest Capitalized	35M	25M	17M	13M	14M
Interest on Long-Term Debt	515M	656M	749M	909M	944M
Non-Cash Pension Expense	-3M	37M	340M	-49M	-70M
Supplemental Operating Expense Items
Selling and Marketing Expenses	874M	252M	244M	797M	1.1B
Research And Development Expense From Footnotes	76M	108M	84M	106M	107M
Net Rental Expense, Total	114M	94M	37M	56M	68M
Imputed Operating Lease Interest Expense	49.02M	44.38M	15.02M	24.81M	34.04M
Imputed Operating Lease Depreciation	64.98M	49.62M	21.98M	31.19M	33.96M
Maintenance & Repair Expenses, Total	1B	681M	656M	706M	1.08B
Stock-Based Comp., COGS (Total)	13M	5M	-	-	-
Stock-Based Comp., Other (Total)	63M	-7M	24M	32M	38M
Total Stock-Based Compensation	76M	-2M	24M	32M	38M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.09B	3.66B	4.25B	2.31B	2.82B
Short Term Investments	3.8B	3.84B	4.55B	5.3B	5.73B
Total Cash And Short Term Investments	5.89B	7.5B	8.8B	7.6B	8.55B
Accounts Receivable, Total	926M	644M	691M	1.04B	1.12B
Notes Receivable	-	-	-	-	-
Total Receivables	926M	644M	691M	1.04B	1.12B
Inventory	212M	166M	224M	318M	337M
Prepaid Expenses	190M	180M	83M	183M	124M
Restricted Cash	157M	106M	167M	386M	-
Other Current Assets, Total	142M	74M	86M	139M	127M
Total Current Assets	7.52B	8.67B	10.05B	9.66B	10.26B
Gross Property Plant And Equipment	21.88B	22.48B	21.92B	23.13B	23.74B
Accumulated Depreciation	-10.08B	-11.1B	-10.73B	-11.65B	-12.5B
Net Property Plant And Equipment	11.79B	11.38B	11.19B	11.48B	11.25B
Long-term Investments	638M	570M	653M	887M	820M
Goodwill	3.27B	3.27B	3.27B	3.27B	3.27B
Other Intangibles, Total	1B	1.13B	1.08B	1.05B	1.08B
Deferred Tax Assets Long-Term	134M	25M	39M	48M	50M
Other Long-Term Assets, Total	3.4B	3.86B	4.32B	3.1B	3.46B
Total Assets	27.76B	28.91B	30.61B	29.51B	30.2B
Liabilities
Accounts Payable, Total	2.2B	2.05B	2.36B	2.55B	3.04B
Accrued Expenses, Total	227M	375M	206M	98M	252M
Current Portion of Long-Term Debt	587M	1.24B	511M	713M	359M
Current Portion of Leases	631M	544M	501M	550M	507M
Unearned Revenue Current, Total	4.1B	2.89B	3.31B	5.4B	5.81B
Other Current Liabilities	34M	38M	38M	41M	38M
Total Current Liabilities	7.78B	7.14B	6.92B	9.35B	10.01B
Long-Term Debt	5.2B	8.15B	12.83B	12.56B	10.97B
Long-Term Leases	2.83B	3.05B	2.68B	2.49B	2.03B
Unearned Revenue Non Current	3.14B	4.03B	3.66B	3.16B	2.99B
Pension & Other Post Retirement Benefits	2.93B	3.02B	2.59B	1.77B	1.88B
Deferred Tax Liability Non Current	73M	75M	73M	73M	73M
Other Non Current Liabilities	1.42B	1.74B	1.85B	1.66B	1.46B
Total Liabilities	23.36B	27.2B	30.6B	31.06B	29.4B
Common Stock, Total	785M	2.15B	2.74B	2.74B	2.74B
Additional Paid In Capital	83M	98M	104M	118M	133M
Retained Earnings	3.51B	-494M	-2.78B	-4.37B	-2.02B
Comprehensive Income and Other	25M	-39M	-45M	-46M	-57M
Total Common Equity	4.4B	1.72B	9M	-1.56B	796M
Minority Interest	-	-	-	-	-
Total Equity	4.4B	1.72B	9M	-1.56B	796M
Total Liabilities And Equity	27.76B	28.91B	30.61B	29.51B	30.2B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	264M	332M	358M	358M	358M
ECS Total Common Shares Outstanding	264M	332M	358M	358M	358M
Book Value / Share	16.68	5.16	0.03	-4.34	2.22
Tangible Book Value	125M	-2.69B	-4.34B	-5.88B	-3.56B
Tangible Book Value Per Share	0.47	-8.1	-12.14	-16.41	-9.93
Total Debt	9.24B	12.99B	16.52B	16.31B	13.86B
Net Debt	3.35B	5.49B	7.72B	8.7B	5.31B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-1.49B	-2.17B	-4.62B	-4.45B	-3.64B
Debt Equivalent Oper. Leases	912M	752M	296M	448M	544M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	102M	41M	122M	200M	169M
Inventories - Others	110M	125M	102M	118M	168M
Buildings, Total	923M	1.03B	1.05B	1.09B	1.12B
Machinery, Total	13.21B	13.53B	13.96B	15.02B	15.8B
Full Time Employees	32.9K	21.1K	19.8K	30.5K	35.7K
Assets on Operating Lease - Gross	353M	389M	400M	425M	485M
Assets on Operating Lease - Accumulated Depreciation	-154M	-172M	-198M	-215M	-252M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.48B	-4.65B	-3.6B	-1.7B	2.28B
Depreciation & Amortization - CF	1.87B	1.71B	1.5B	1.51B	1.57B
Amortization of Goodwill and Intangible Assets - (CF)	19M	19M	20M	19M	19M
Depreciation & Amortization, Total	1.89B	1.73B	1.52B	1.53B	1.58B
Amortization of Deferred Charges, Total - (CF)	76M	108M	84M	106M	107M
(Gain) Loss From Sale Of Asset	-13M	-18M	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	36M	86M	-45M
Asset Writedown & Restructuring Costs	-	315M	-	4M	-
Other Operating Activities, Total	1.67B	452M	118M	737M	-370M
Change in Other Net Operating Assets	615M	-290M	283M	1.61B	767M
Cash from Operations	5.71B	-2.35B	-1.56B	2.37B	4.32B
Capital Expenditure	-2.02B	-1.2B	-1.07B	-1.57B	-1.56B
Sale of Property, Plant, and Equipment	24M	12M	19M	36M	9M
Cash Acquisitions	-517M	-	-	-	-
Investment in Marketable and Equity Securities, Total	-352M	-63M	-862M	-959M	-245M
Other Investing Activities, Total	75M	520M	47M	-3M	-27M
Cash from Investing	-2.8B	-733M	-1.87B	-2.5B	-1.83B
Long-Term Debt Issued, Total	-	6.26B	8.17B	202M	84M
Total Debt Issued	-	6.26B	8.17B	202M	84M
Long-Term Debt Repaid, Total	-1.08B	-2.72B	-4.51B	-1.81B	-2.45B
Total Debt Repaid	-1.08B	-2.72B	-4.51B	-1.81B	-2.45B
Issuance of Common Stock	9M	1.37B	555M	6M	1M
Repurchase of Common Stock	-373M	-132M	-	-	-
Other Financing Activities, Total	-1M	-78M	-205M	-6M	-1M
Cash from Financing	-1.45B	4.7B	4.01B	-1.61B	-2.37B
Foreign Exchange Rate Adjustments	-8M	-48M	11M	20M	-1M
Net Change in Cash	1.46B	1.57B	590M	-1.72B	124M
Supplemental Items
Cash Interest Paid	493M	528M	531M	761M	858M
Cash Income Tax Paid (Refund)	62M	8M	2M	67M	45M
Levered Free Cash Flow	2.62B	-2.96B	-1.35B	799M	2.04B
Unlevered Free Cash Flow	2.92B	-2.57B	-897M	1.36B	2.63B
Change In Net Working Capital	-1.9B	749M	-480M	-1.37B	-1.02B
Net Debt Issued / Repaid	-1.08B	3.54B	3.66B	-1.61B	-2.37B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.06	-8.64	-6.48	-0.33	4.82
Return on Total Capital	7.5	-17.28	-12.36	-0.64	9.79
Return On Equity %	38.45	-151.99	-417.87	219.92	-599.74
Return on Common Equity	38.45	-151.99	-417.87	219.92	-599.74
Margin Analysis
Gross Profit Margin %	32.1	-14.8	-5.84	24.13	33.54
SG&A Margin	5.16	5.93	4.39	5.15	5.34
EBITDA Margin %	14.41	-49.61	-33.53	4.93	15.38
EBITA Margin %	8.52	-66.86	-47.94	-0.85	10.64
EBIT Margin %	8.42	-67.19	-48.25	-0.96	10.55
Income From Continuing Operations Margin %	7.72	-79.67	-56.28	-10.27	10.42
Net Income Margin %	7.72	-79.67	-56.28	-10.27	10.42
Net Avail. For Common Margin %	7.72	-79.67	-56.28	-10.27	10.42
Normalized Net Income Margin	5.74	-53.44	-37.57	-5.36	6.23
Levered Free Cash Flow Margin	13.7	-50.78	-21.16	4.82	9.37
Unlevered Free Cash Flow Margin	15.27	-44.01	-14.02	8.21	12.03
Asset Turnover
Asset Turnover	0.77	0.21	0.22	0.55	0.73
Fixed Assets Turnover	1.66	0.5	0.57	1.46	1.92
Receivables Turnover (Average Receivables)	20.85	6.75	8.98	17.94	18.84
Inventory Turnover (Average Inventory)	60.13	35.43	34.74	46.35	44.31
Short Term Liquidity
Current Ratio	0.97	1.21	1.45	1.03	1.03
Quick Ratio	0.88	1.14	1.37	0.92	0.97
Operating Cash Flow to Current Liabilities	0.73	-0.33	-0.23	0.25	0.43
Days Sales Outstanding (Average Receivables)	17.51	54.19	40.65	20.34	19.37
Days Outstanding Inventory (Average Inventory)	6.07	10.33	10.51	7.87	8.24
Average Days Payable Outstanding	54.58	116.87	117.83	70.82	70.22
Cash Conversion Cycle (Average Days)	-31	-52.35	-66.67	-42.61	-42.6
Long Term Solvency
Total Debt/Equity