Balance Sheet Birchcliff Energy Ltd.

Equities

BIR

CA0906971035

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. Other stock markets 04:00:00 2025-11-18 pm EST			5-day change	1st Jan Change
7.260 ^CAD	+5.37%		+5.22%	+33.95%

Nov. 12	Birchcliff Energy Posts a Wider Loss, Higher Revenue for Third Quarter; Full-year Production Outlook Raised	MT
Nov. 12	Natural gas producer Birchcliff's Q3 net loss widens	RE

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Published financial data: BIRCHCLIFF ENERGY LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	524M	877M	1.2B	701M	601M
Other Revenues, Total	-	-	4K	-695K	123K
Total Revenues	524M	877M	1.2B	700M	601M
Cost of Goods Sold, Total	234M	261M	275M	293M	292M
Gross Profit	290M	616M	922M	407M	310M
Selling General & Admin Expenses, Total	27.04M	30.84M	42.41M	55.91M	46.69M
Depreciation & Amortization - (IS)	212M	213M	214M	227M	247M
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	-	-
Other Operating Expenses	97.93M	-62.36M	-209M	79.17M	-104M
Other Operating Expenses, Total	337M	181M	47.69M	362M	190M
Operating Income	-47.44M	435M	875M	44.93M	120M
Interest Expense, Total	-27.3M	-30.47M	-15.81M	-22.54M	-42.83M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-27.3M	-30.47M	-15.81M	-22.54M	-42.83M
Other Non Operating Income (Expenses)	1.57M	912K	-1.43M	-5.24M	-835K
EBT, Excl. Unusual Items	-73.17M	405M	858M	17.15M	76.07M
Gain (Loss) On Sale Of Investments	-6.07M	3.68M	-213K	-1.2M	-1.9M
Gain (Loss) On Sale Of Assets	4.2M	-	-	-	-
Other Unusual Items	3.8M	-	-	-	-
EBT, Incl. Unusual Items	-71.24M	409M	857M	15.95M	74.17M
Income Tax Expense	-13.42M	94.26M	200M	6.17M	18.07M
Earnings From Continuing Operations	-57.82M	315M	657M	9.78M	56.1M
Net Income to Company	-57.82M	315M	657M	9.78M	56.1M
Net Income - (IS)	-57.82M	315M	657M	9.78M	56.1M
Preferred Dividend and Other Adjustments	4.19M	4.19M	3.15M	-	-
Net Income to Common Incl Extra Items	-62.01M	310M	654M	9.78M	56.1M
Net Income to Common Excl. Extra Items	-62.01M	310M	654M	9.78M	56.1M
Per Share Items
Net EPS - Basic	-0.23	1.17	2.46	0.04	0.21
Basic EPS - Continuing Operations	-0.23	1.17	2.46	0.04	0.21
Basic Weighted Average Shares Outstanding	266M	266M	266M	266M	269M
Net EPS - Diluted	-0.23	1.13	2.38	0.04	0.21
Diluted EPS - Continuing Operations	-0.23	1.13	2.38	0.04	0.21
Diluted Weighted Average Shares Outstanding	266M	274M	275M	272M	272M
Normalized Basic EPS	-0.17	0.95	2.02	0.04	0.18
Normalized Diluted EPS	-0.17	0.92	1.95	0.04	0.17
Dividend Per Share	0.04	0.02	0.07	0.8	0.4
Payout Ratio	-32.21	4.3	3.62	2.18K	192.22
American Depositary Receipts Ratio (ADR)	3	3	3	3	3
Supplemental Items
EBITDA	166M	649M	1.09B	273M	358M
EBITA	-44.63M	438M	878M	48.63M	120M
EBIT	-47.44M	435M	875M	44.93M	120M
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	434M	942M	1.41B	624M	709M
Effective Tax Rate - (Ratio)	18.83	23.05	23.39	38.68	24.36
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-16.48M	91.5M	198M	6.17M	18.07M
Normalized Net Income	-45.73M	253M	536M	10.72M	47.54M
Interest on Long-Term Debt	28.07M	30.47M	15.81M	22.54M	38.81M
Non-Cash Pension Expense	144K	164K	184K	-	481K
Supplemental Operating Expense Items
General and Administrative Expenses	27.04M	30.68M	42.23M	55.74M	46.69M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	1.03M	2.43M	6.46M	-	-
Total Stock-Based Compensation	1.03M	2.43M	6.46M	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	60K	63K	74K	55K	50K
Total Cash And Short Term Investments	60K	63K	74K	55K	50K
Accounts Receivable, Total	64.69M	92.41M	125M	75.1M	78.92M
Total Receivables	64.69M	92.41M	125M	75.1M	78.92M
Prepaid Expenses	2.18M	5.73M	12.14M	23.3M	19.24M
Other Current Assets, Total	-	69K	17.73M	3.59M	71.04M
Total Current Assets	66.93M	98.28M	155M	102M	169M
Gross Property Plant And Equipment	4.19B	4.42B	4.76B	5.07B	5.47B
Accumulated Depreciation	-1.36B	-1.57B	-1.78B	-2.01B	-2.26B
Net Property Plant And Equipment	2.83B	2.85B	2.97B	3.06B	3.22B
Long-term Investments	1.8M	9.46M	10.96M	10.57M	8.87M
Other Long-Term Assets, Total	-	-	30.86M	8.33M	36.63M
Total Assets	2.9B	2.96B	3.17B	3.18B	3.43B
Liabilities
Accounts Payable, Total	95.91M	94.9M	144M	94.82M	66.91M
Accrued Expenses, Total	-	-	-	13.85M	2.63M
Current Portion of Long-Term Debt	39.93M	38.27M	-	-	-
Current Portion of Leases	1.6M	1.84M	1.91M	2.51M	10.76M
Other Current Liabilities	23.48M	16.59M	1.34M	1.39M	-
Total Current Liabilities	161M	152M	147M	113M	80.29M
Long-Term Debt	731M	501M	132M	372M	567M
Long-Term Leases	15.43M	13.59M	11.68M	10.11M	109M
Pension & Other Post Retirement Benefits	9.18M	9.9M	11.17M	2.61M	465K
Deferred Tax Liability Non Current	65.19M	157M	355M	361M	379M
Other Non Current Liabilities	292M	210M	99.72M	92.79M	102M
Total Liabilities	1.27B	1.04B	757M	951M	1.24B
Preferred Stock Redeemable	41.43M	41.43M	-	-	-
Total Preferred Equity	41.43M	41.43M	-	-	-
Common Stock, Total	1.48B	1.46B	1.43B	1.43B	1.44B
Additional Paid In Capital	89.87M	90.92M	86.56M	105M	112M
Retained Earnings	17.97M	322M	895M	692M	640M
Total Common Equity	1.59B	1.88B	2.41B	2.23B	2.2B
Total Equity	1.63B	1.92B	2.41B	2.23B	2.2B
Total Liabilities And Equity	2.9B	2.96B	3.17B	3.18B	3.43B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	266M	266M	267M	269M	272M
ECS Total Common Shares Outstanding	266M	265M	266M	267M	271M
Book Value / Share	5.96	7.09	9.07	8.33	8.09
Tangible Book Value	1.59B	1.88B	2.41B	2.23B	2.2B
Tangible Book Value Per Share	5.96	7.09	9.07	8.33	8.09
Total Debt	788M	555M	146M	385M	687M
Net Debt	788M	555M	146M	385M	687M
Debt Equivalent of Unfunded Proj. Benefit Obligation	9.18M	9.9M	11.17M	16.46M	3.1M
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	205	204	219	218	231

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-57.82M	315M	657M	9.78M	56.1M
Depreciation & Amortization - CF	212M	213M	214M	227M	247M
Amortization of Goodwill and Intangible Assets - (CF)	2.82M	3.47M	3.25M	3.7M	-
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	215M	216M	217M	230M	247M
Amortization of Deferred Charges, Total - (CF)	1.23M	968K	1.45M	1.7M	1.42M
(Gain) Loss From Sale Of Asset	-	-912K	1.43M	5.24M	835K
(Gain) Loss on Sale of Investments - (CF)	-2.03M	-6.4M	-1.8M	1.2M	1.9M
Stock-Based Compensation (CF)	2.43M	2.43M	6.46M	-	6.04M
Other Operating Activities, Total	23.17M	9.54M	69.51M	52.92M	-91.96M
Change in Other Net Operating Assets	5.98M	-21.16M	-25.66M	19.48M	-17.27M
Cash from Operations	188M	515M	925M	321M	204M
Capital Expenditure	-290M	-232M	-369M	-308M	-283M
Sale of Property, Plant, and Equipment	12.89M	-	315K	87K	258K
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-1.25M	-1.96M	-1.24M	-221K
Other Investing Activities, Total	-1.87M	-13.65M	31.65M	-29.71M	-10.39M
Cash from Investing	-279M	-247M	-339M	-339M	-293M
Long-Term Debt Issued, Total	121M	-	-	238M	197M
Total Debt Issued	121M	-	-	238M	197M
Long-Term Debt Repaid, Total	-2.29M	-230M	-372M	-2.46M	-6.64M
Total Debt Repaid	-2.29M	-230M	-372M	-2.46M	-6.64M
Issuance of Common Stock	-	12.64M	23M	7.16M	10.78M
Repurchase of Common Stock	-596K	-31.51M	-57.21M	-11.46M	-
Repurchase of Preferred Stock	-9.14M	-1.66M	-88.27M	-	-
Common Dividends Paid	-10.97M	-6.64M	-18.61M	-213M	-108M
Preferred Dividends Paid	-7.65M	-6.9M	-5.16M	-	-
Common & Preferred Stock Dividends Paid	-18.62M	-13.54M	-23.77M	-213M	-108M
Special Dividend Paid	-	-	-53.18M	-	-
Other Financing Activities, Total	-	-3.45M	-15.78M	-	-3.4M
Cash from Financing	90.47M	-268M	-587M	18.32M	89.64M
Net Change in Cash	-10K	3K	11K	-19K	-5K
Supplemental Items
Cash Interest Paid	26.07M	28.8M	13.74M	20.31M	-
Levered Free Cash Flow	-115M	201M	370M	-44.28M	-97.16M
Unlevered Free Cash Flow	-99.46M	219M	379M	-31.9M	-71.81M
Change In Net Working Capital	-3.62M	39.26M	23.01M	-17.81M	110M
Net Debt Issued / Repaid	119M	-230M	-372M	236M	190M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-1.04	9.27	17.84	0.88	2.26
Return on Total Capital	-1.24	11.12	21.74	1.09	2.72
Return On Equity %	-3.48	17.75	30.34	0.42	2.54
Return on Common Equity	-3.83	17.94	30.48	0.42	2.54
Margin Analysis
Gross Profit Margin %	55.33	70.26	77.01	58.08	51.46
SG&A Margin	5.16	3.52	3.54	7.99	7.76
EBITDA Margin %	31.63	74.02	90.99	39.02	59.6
EBITA Margin %	-8.52	49.98	73.3	6.95	19.91
EBIT Margin %	-9.05	49.59	73.03	6.42	19.91
Income From Continuing Operations Margin %	-11.03	35.89	54.84	1.4	9.33
Net Income Margin %	-11.03	35.89	54.84	1.4	9.33
Net Avail. For Common Margin %	-11.83	35.41	54.58	1.4	9.33
Normalized Net Income Margin	-8.73	28.89	44.75	1.53	7.9
Levered Free Cash Flow Margin	-22	22.88	30.91	-6.33	-16.16
Unlevered Free Cash Flow Margin	-18.98	24.94	31.62	-4.56	-11.94
Asset Turnover
Asset Turnover	0.18	0.3	0.39	0.22	0.18
Fixed Assets Turnover	0.19	0.31	0.41	0.23	0.19
Receivables Turnover (Average Receivables)	8.1	11.16	11.02	7	7.81
Short Term Liquidity
Current Ratio	0.42	0.65	1.05	0.91	2.11
Quick Ratio	0.4	0.61	0.85	0.67	0.98
Operating Cash Flow to Current Liabilities	1.17	3.4	6.29	2.85	2.54
Days Sales Outstanding (Average Receivables)	45.21	32.7	33.13	52.12	46.87
Average Days Payable Outstanding	146.2	133.51	158.22	148.41	101.39
Long Term Solvency
Total Debt/Equity	48.44	28.92	6.03	17.29	31.3
Total Debt / Total Capital	32.63	22.43	5.69	14.74	23.84
LT Debt/Equity	45.88	26.83	5.95	17.17	30.81
Long-Term Debt / Total Capital	30.91	20.81	5.62	14.64	23.46
Total Liabilities / Total Assets	43.92	35.22	23.88	29.95	36.07
EBIT / Interest Expense	-1.74	14.27	55.34	1.99	2.8
EBITDA / Interest Expense	6.15	21.37	69.07	12.21	8.56
(EBITDA - Capex) / Interest Expense	-4.47	13.74	45.76	-1.46	1.95
Total Debt / EBITDA	4.7	0.85	0.13	1.4	1.87
Net Debt / EBITDA	4.7	0.85	0.13	1.4	1.87
Total Debt / (EBITDA - Capex)	-6.47	1.32	0.2	-11.71	8.24
Net Debt / (EBITDA - Capex)	-6.47	1.32	0.2	-11.71	8.24
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-13.57	67.34	36.52	-41.56	-14.07
Gross Profit, 1 Yr. Growth %	-22.08	112.48	49.62	-55.93	-23.86
EBITDA, 1 Yr. Growth %	3.62	289.74	68.14	-74.94	33.31
EBITA, 1 Yr. Growth %	-13.65	-1.1K	100.73	-94.46	169.66
EBIT, 1 Yr. Growth %	-14.05	-1.03K	101.18	-94.86	169.66
Earnings From Cont. Operations, 1 Yr. Growth %	4.39	-644.22	108.73	-98.51	473.62
Net Income, 1 Yr. Growth %	4.39	-644.22	108.73	-98.51	473.62
Normalized Net Income, 1 Yr. Growth %	-9.83	-683.35	111.6	-98	343.56
Diluted EPS Before Extra, 1 Yr. Growth %	4.07	-584.63	110.62	-98.46	468.05
Accounts Receivable, 1 Yr. Growth %	-0.09	42.85	35.27	-39.92	5.07
Net Property, Plant and Equip., 1 Yr. Growth %	3.29	0.67	4.22	2.8	5.32
Total Assets, 1 Yr. Growth %	3.03	2	7.07	0.24	8.07
Tangible Book Value, 1 Yr. Growth %	-4.11	18.29	28.59	-7.76	-1.37
Common Equity, 1 Yr. Growth %	-4.11	18.29	28.59	-7.76	-1.37
Cash From Operations, 1 Yr. Growth %	-42.46	173.87	79.54	-65.36	-36.45
Capital Expenditures, 1 Yr. Growth %	-2.25	-19.74	58.53	-16.43	-8.12
Levered Free Cash Flow, 1 Yr. Growth %	88.29	-276.16	85.37	-112.17	113.91
Unlevered Free Cash Flow, 1 Yr. Growth %	115.6	-324.14	73.86	-108.57	115.24
Dividend Per Share, 1 Yr. Growth %	-60.71	-39.39	180	1.04K	-50
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-5.21	20.27	51.19	-10.68	-29.14
Gross Profit, 2 Yr. CAGR %	-12.7	28.68	78.37	-18.8	-42.07
EBITDA, 2 Yr. CAGR %	-35.35	101.43	155.82	-35.09	-42.65
EBITA, 2 Yr. CAGR %	-51.24	191.21	347.43	-66.66	-63.07
EBIT, 2 Yr. CAGR %	-49.3	180.67	332.93	-67.86	-63
Earnings From Cont. Operations, 2 Yr. CAGR %	-24.79	138.35	237.04	-82.37	-70.78
Net Income, 2 Yr. CAGR %	-24.79	138.35	237.04	-82.37	-70.78
Normalized Net Income, 2 Yr. CAGR %	-31.48	123.47	251.34	-79.43	-70.22
Diluted EPS Before Extra, 2 Yr. CAGR %	-20.48	124.58	219.49	-81.98	-70.4
Accounts Receivable, 2 Yr. CAGR %	11.6	19.47	39.01	-9.85	-20.55
Net Property, Plant and Equip., 2 Yr. CAGR %	3.72	1.97	2.43	3.51	4.05
Total Assets, 2 Yr. CAGR %	2.49	2.51	4.5	3.6	4.08
Tangible Book Value, 2 Yr. CAGR %	-4.34	6.5	23.33	8.91	-4.62
Common Equity, 2 Yr. CAGR %	-4.34	6.5	23.33	8.91	-4.62
Cash From Operations, 2 Yr. CAGR %	-23.84	25.53	121.74	-21.14	-53.08
Capital Expenditures, 2 Yr. CAGR %	-2.27	-11.43	12.8	15.1	-12.37
Levered Free Cash Flow, 2 Yr. CAGR %	130.35	81.01	80.32	-52.91	-48.32
Unlevered Free Cash Flow, 2 Yr. CAGR %	354.13	117.72	97.01	-61.73	-56.08
Dividend Per Share, 2 Yr. CAGR %	-35.77	-51.2	30.27	465.69	139.05
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.27	14.57	25.48	10.13	-11.83
Gross Profit, 3 Yr. CAGR %	-5.77	17.43	35.34	11.93	-20.52
EBITDA, 3 Yr. CAGR %	-21.84	17.84	89.57	17.93	-17.92
EBITA, 3 Yr. CAGR %	-34.86	32.66	157.07	3.5	-35.07
EBIT, 3 Yr. CAGR %	-33.09	33.07	151.18	-1.26	-34.94
Earnings From Cont. Operations, 3 Yr. CAGR %	7.17	45.47	128.04	-44.7	-43.72
Net Income, 3 Yr. CAGR %	7.17	45.47	128.04	-44.7	-43.72
Normalized Net Income, 3 Yr. CAGR %	-17.17	37.52	119.44	-37.27	-42.74
Diluted EPS Before Extra, 3 Yr. CAGR %	6.61	45.25	119.83	-46.01	-43.07
Accounts Receivable, 3 Yr. CAGR %	-2.27	21.17	24.52	5.1	-5.13
Net Property, Plant and Equip., 3 Yr. CAGR %	3.64	2.7	2.71	2.55	4.11
Total Assets, 3 Yr. CAGR %	3.37	2.32	4.01	3.06	5.07
Tangible Book Value, 3 Yr. CAGR %	-1.4	2.67	13.41	11.95	5.37
Common Equity, 3 Yr. CAGR %	-1.4	2.67	13.41	11.95	5.37
Cash From Operations, 3 Yr. CAGR %	-13.19	16.68	41.43	19.43	-26.61
Capital Expenditures, 3 Yr. CAGR %	-11.49	-8.48	7.54	2.07	6.77
Levered Free Cash Flow, 3 Yr. CAGR %	-11.26	109.79	82.19	-27.01	-21.35
Unlevered Free Cash Flow, 3 Yr. CAGR %	-12.37	256.6	101.73	-31.11	-30.92
Dividend Per Share, 3 Yr. CAGR %	-25.56	-37	-12.64	168.67	151.98
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11.38	22.59	17.79	3.72	-0.16
Gross Profit, 5 Yr. CAGR %	7.03	25.43	21.63	1.33	-3.61
EBITDA, 5 Yr. CAGR %	-1.68	31.38	25.71	-7.19	17.51
EBITA, 5 Yr. CAGR %	6.06	92.76	40.31	-23.68	18.3
EBIT, 5 Yr. CAGR %	8.87	99.03	40.74	-24.61	16.75
Earnings From Cont. Operations, 5 Yr. CAGR %	36.59	66.85	69.48	-37.46	0.25
Net Income, 5 Yr. CAGR %	36.59	66.85	69.48	-37.46	0.25
Normalized Net Income, 5 Yr. CAGR %	58.86	87.53	46.11	-35.68	-1.28
Diluted EPS Before Extra, 5 Yr. CAGR %	16.21	51.42	65.37	-36.96	-1.43
Accounts Receivable, 5 Yr. CAGR %	22.54	8.11	12.52	7.65	4.04
Net Property, Plant and Equip., 5 Yr. CAGR %	7.22	1.51	3.15	3.02	3.25
Total Assets, 5 Yr. CAGR %	7.46	1.78	3.82	2.83	4.04
Tangible Book Value, 5 Yr. CAGR %	8.46	1.84	7.83	5.12	5.82
Common Equity, 5 Yr. CAGR %	8.46	1.84	7.83	5.12	5.82
Cash From Operations, 5 Yr. CAGR %	4.81	29.68	26.32	-0.24	-9.03
Capital Expenditures, 5 Yr. CAGR %	2.33	-21.56	-2.48	0.31	-0.92
Levered Free Cash Flow, 5 Yr. CAGR %	-5.78	-20.27	17.55	15.3	9.68
Unlevered Free Cash Flow, 5 Yr. CAGR %	-6.79	-18.4	20.7	45.91	9.26
Dividend Per Share, 5 Yr. CAGR %	-	-	-6.88	51.57	30.67