Cash flow Canfor Corporation

Stocks

CFP

CA1375761048

Forest & Wood Products

Market Closed - Toronto S.E. Other stock markets 04:00:00 2026-07-14 pm EDT			5-day change	1st Jan Change
14.52 ^CAD	+7.80%		+7.16%	+23.79%

Jul. 06	Canfor Completes Acquisition of PinkWood	MT
Jul. 02	Canfor Corporation completed the acquisition of Pinkwood Ltd.	CI

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Published financial data: CANFOR CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	7.68B	7.43B	5.43B	5.25B	5.34B
Total Revenues	7.68B	7.43B	5.43B	5.25B	5.34B
Cost of Goods Sold, Total	4.17B	4.8B	4.52B	4.31B	4.44B
Gross Profit	3.51B	2.63B	907M	947M	902M
Selling General & Admin Expenses, Total	854M	966M	866M	818M	772M
Amortization of Goodwill and Intangible Assets - (IS)	377M	397M	420M	429M	410M
Other Operating Expenses	100M	49.1M	144M	261M	164M
Other Operating Expenses, Total	1.33B	1.41B	1.43B	1.51B	1.35B
Operating Income	2.18B	1.22B	-523M	-561M	-444M
Interest Expense, Total	-24.4M	-22.3M	-32.6M	-61.7M	-99.1M
Interest And Investment Income	6.6M	29.4M	52.1M	17.7M	4.2M
Net Interest Expenses	-17.8M	7.1M	19.5M	-44M	-94.9M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-1.5M	4.3M	11.7M	-22.1M	11.7M
Other Non Operating Income (Expenses)	4.9M	28M	16.9M	13.5M	4.1M
EBT, Excl. Unusual Items	2.17B	1.26B	-475M	-613M	-523M
Restructuring Charges	15.3M	-7.9M	-15.4M	-41.8M	-6.7M
Merger & Related Restructuring Charges	-	-4.1M	-	-1.6M	-1.7M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Asset Writedown	-294M	-139M	-	-343M	-456M
Insurance Settlements	8.8M	-	-	16.2M	-
Legal Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	1.9B	1.11B	-490M	-984M	-988M
Income Tax Expense	438M	247M	-142M	-247M	-114M
Earnings From Continuing Operations	1.46B	861M	-348M	-736M	-874M
Net Income to Company	1.46B	861M	-348M	-736M	-874M
Minority Interest	-117M	-73.8M	22.4M	67.2M	76.9M
Net Income - (IS)	1.34B	787M	-326M	-669M	-797M
Net Income to Common Incl Extra Items	1.34B	787M	-326M	-669M	-797M
Net Income to Common Excl. Extra Items	1.34B	787M	-326M	-669M	-797M
Per Share Items
Net EPS - Basic	10.74	6.39	-2.71	-5.64	-6.78
Basic EPS - Continuing Operations	10.74	6.39	-2.71	-5.64	-6.78
Basic Weighted Average Shares Outstanding	125M	123M	120M	119M	117M
Net EPS - Diluted	10.74	6.39	-2.71	-5.64	-6.78
Diluted EPS - Continuing Operations	10.74	6.39	-2.71	-5.64	-6.78
Diluted Weighted Average Shares Outstanding	125M	123M	120M	119M	117M
Normalized Basic EPS	9.9	5.79	-2.28	-2.67	-2.13
Normalized Diluted EPS	9.9	5.79	-2.28	-2.67	-2.13
Supplemental Items
EBITDA	2.53B	1.59B	-134M	-170M	-74.8M
EBITA	2.21B	1.24B	-499M	-543M	-428M
EBIT	2.18B	1.22B	-523M	-561M	-444M
EBITDAR	2.54B	1.6B	-123M	-158M	-63M
Effective Tax Rate - (Ratio)	23.09	22.32	28.88	25.14	11.57
Total Current Taxes	502M	200M	-64.5M	-47.5M	-3.5M
Total Deferred Taxes	-64.5M	47.2M	-77M	-200M	-111M
Normalized Net Income	1.24B	713M	-274M	-316M	-250M
Interest on Long-Term Debt	3.2M	2.9M	5.3M	7.1M	7.3M
Non-Cash Pension Expense	5M	5.2M	11M	7.9M	2.7M
Supplemental Operating Expense Items
Selling and Marketing Expenses	701M	791M	689M	647M	598M
Research And Development Expense From Footnotes	3.3M	-	-	-	-
Net Rental Expense, Total	6.1M	7.5M	11.6M	12.1M	11.8M
Imputed Operating Lease Interest Expense	2.15M	3.67M	7.64M	10.83M	11.44M
Imputed Operating Lease Depreciation	3.95M	3.83M	3.96M	1.27M	356K
Stock-Based Comp., Other (Total)	3.3M	-	-	-	-
Total Stock-Based Compensation	3.3M	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.35B	1.27B	627M	259M	132M
Total Cash And Short Term Investments	1.35B	1.27B	627M	259M	132M
Accounts Receivable, Total	430M	336M	298M	318M	336M
Other Receivables	84.1M	142M	215M	187M	162M
Total Receivables	514M	478M	513M	506M	498M
Inventory	1.17B	1.18B	995M	929M	956M
Prepaid Expenses	120M	138M	123M	125M	137M
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	3.16B	3.06B	2.26B	1.82B	1.72B
Gross Property Plant And Equipment	5.31B	6.16B	6.64B	7.08B	7.27B
Accumulated Depreciation	-3.43B	-3.84B	-4.09B	-4.51B	-4.82B
Net Property Plant And Equipment	1.88B	2.32B	2.55B	2.57B	2.45B
Long-term Investments	37.5M	33.4M	90.8M	117M	69.7M
Goodwill	477M	498M	494M	511M	222M
Other Intangibles, Total	351M	391M	372M	342M	328M
Deferred Tax Assets Long-Term	5.4M	1M	9.4M	42.7M	99.8M
Other Long-Term Assets, Total	261M	432M	354M	167M	89.5M
Total Assets	6.17B	6.74B	6.13B	5.57B	4.98B
Liabilities
Accounts Payable, Total	560M	526M	540M	608M	591M
Accrued Expenses, Total	170M	153M	124M	116M	115M
Short-term Borrowings	18.7M	27.8M	111M	107M	307M
Current Portion of Long-Term Debt	500K	45.3M	44.8M	48.1M	85.8M
Current Portion of Leases	21.9M	26.2M	30.6M	34.2M	34.8M
Current Income Taxes Payable	252M	45.2M	2.1M	6.4M	9M
Other Current Liabilities	58.3M	60.4M	52.6M	57.6M	46.2M
Total Current Liabilities	1.08B	884M	905M	977M	1.19B
Long-Term Debt	246M	214M	115M	408M	403M
Long-Term Leases	49.2M	79.5M	98.2M	107M	100M
Pension & Other Post Retirement Benefits	206M	158M	133M	133M	130M
Deferred Tax Liability Non Current	341M	393M	330M	169M	169M
Other Non Current Liabilities	242M	248M	273M	194M	266M
Total Liabilities	2.16B	1.98B	1.85B	1.99B	2.26B
Common Stock, Total	982M	955M	938M	934M	918M
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	2.59B	3.34B	3B	2.27B	1.47B
Comprehensive Income and Other	-85M	-75.1M	-124M	110M	120M
Total Common Equity	3.48B	4.22B	3.82B	3.31B	2.51B
Minority Interest	525M	541M	459M	272M	218M
Total Equity	4.01B	4.76B	4.28B	3.58B	2.72B
Total Liabilities And Equity	6.17B	6.74B	6.13B	5.57B	4.98B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	124M	121M	119M	118M	116M
ECS Total Common Shares Outstanding	124M	121M	119M	118M	116M
Book Value / Share	27.99	34.87	32.1	27.97	21.53
Tangible Book Value	2.66B	3.33B	2.95B	2.46B	1.96B
Tangible Book Value Per Share	21.33	27.52	24.82	20.77	16.8
Total Debt	336M	392M	399M	704M	931M
Net Debt	-1.02B	-876M	-228M	444M	799M
Debt Equivalent of Unfunded Proj. Benefit Obligation	92.3M	74.5M	53.7M	46.8M	34.8M
Debt Equivalent Oper. Leases	48.8M	60M	92.8M	96.8M	94.4M
Minority Interest, Total (Incl. Fin. Div)	525M	541M	459M	272M	218M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	135M	155M	157M	151M	139M
Inventories - Finished Goods, Total	1.04B	1.03B	838M	778M	817M
Land - (BS)	58.2M	74.7M	76.3M	74.7M	80.6M
Machinery, Total	4.65B	5.19B	5.58B	6.25B	6.5B
Full Time Employees	7.39K	7.91K	7.58K	6.63K	6.41K
Accumulated Allowance for Doubtful Accounts (Supple)	4.3M	4.3M	4.3M	4.4M	4.1M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	1.34B	787M	-326M	-669M	-797M
Depreciation & Amortization - CF	350M	372M	396M	411M	395M
Amortization of Goodwill and Intangible Assets - (CF)	27.2M	24.7M	24M	17.7M	15.7M
Depreciation & Amortization, Total	377M	397M	420M	429M	410M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	294M	139M	15.4M	385M	463M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Other Operating Activities, Total	286M	-305M	-118M	32.9M	2.1M
Change In Accounts Receivable	-103M	101M	23.1M	-12.2M	32.1M
Change In Inventories	-356M	88.2M	175M	59.3M	42.7M
Change In Accounts Payable	100M	-83.5M	-45.4M	-49.2M	-92M
Change in Other Net Operating Assets	-24.1M	-11M	9.9M	-1.4M	7.7M
Cash from Operations	1.91B	1.11B	155M	174M	69.5M
Capital Expenditure	-428M	-625M	-587M	-527M	-289M
Sale of Property, Plant, and Equipment	-	-	-	72.6M	18.5M
Cash Acquisitions	-38.2M	-434M	-	-219M	-129M
Investment in Marketable and Equity Securities, Total	-	-	-59.4M	-16.5M	41.9M
Other Investing Activities, Total	-2M	12.7M	42.7M	17.7M	6.2M
Cash from Investing	-468M	-1.05B	-604M	-672M	-352M
Short Term Debt Issued, Total	8M	10.7M	83.2M	-	203M
Long-Term Debt Issued, Total	-	-	-	314M	38.5M
Total Debt Issued	8M	10.7M	83.2M	314M	242M
Short Term Debt Repaid, Total	-	-	-	-300K	-
Long-Term Debt Repaid, Total	-448M	-27.3M	-129M	-80.2M	-39.9M
Total Debt Repaid	-448M	-27.3M	-129M	-80.5M	-39.9M
Repurchase of Common Stock	-19.2M	-78.9M	-44.3M	-9M	-28M
Other Financing Activities, Total	-44.8M	-83.9M	-95.9M	-100M	-34.5M
Cash from Financing	-504M	-179M	-186M	124M	139M
Foreign Exchange Rate Adjustments	-6.8M	26.9M	-6.7M	5.8M	15.7M
Net Change in Cash	936M	-86.1M	-641M	-368M	-127M
Supplemental Items
Cash Interest Paid	25.1M	21.1M	33.6M	34.8M	35.8M
Cash Income Tax Paid (Refund)	274M	463M	33.8M	-75M	-52.3M
Levered Free Cash Flow	1.11B	276M	-413M	-348M	-275M
Unlevered Free Cash Flow	1.12B	290M	-392M	-309M	-213M
Change In Net Working Capital	192M	244M	-101M	-139M	56.9M
Net Debt Issued / Repaid	-440M	-16.6M	-45.4M	233M	202M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	24.16	11.81	-5.08	-5.99	-5.26
Return on Total Capital	35.16	16.05	-6.65	-7.82	-6.99
Return On Equity %	43.92	19.63	-7.71	-18.73	-27.7
Return on Common Equity	47.14	20.43	-8.11	-18.77	-27.39
Margin Analysis
Gross Profit Margin %	45.69	35.44	16.72	18.02	16.89
SG&A Margin	11.11	13	15.95	15.57	14.45
EBITDA Margin %	32.94	21.41	-2.48	-3.24	-1.4
EBITA Margin %	28.73	16.76	-9.19	-10.34	-8.02
EBIT Margin %	28.38	16.42	-9.63	-10.68	-8.31
Income From Continuing Operations Margin %	18.98	11.59	-6.42	-14.02	-16.36
Net Income Margin %	17.46	10.6	-6.01	-12.74	-14.92
Net Avail. For Common Margin %	17.46	10.6	-6.01	-12.74	-14.92
Normalized Net Income Margin	16.09	9.6	-5.05	-6.02	-4.68
Levered Free Cash Flow Margin	14.41	3.72	-7.61	-6.62	-5.14
Unlevered Free Cash Flow Margin	14.61	3.91	-7.23	-5.88	-3.98
Asset Turnover
Asset Turnover	1.36	1.15	0.84	0.9	1.01
Fixed Assets Turnover	3.91	3.54	2.23	2.05	2.13
Receivables Turnover (Average Receivables)	19.46	19.38	17.12	17.05	16.31
Inventory Turnover (Average Inventory)	4.14	4.07	4.15	4.48	4.71
Short Term Liquidity
Current Ratio	2.92	3.47	2.49	1.86	1.45
Quick Ratio	1.73	1.98	1.26	0.78	0.53
Operating Cash Flow to Current Liabilities	1.77	1.26	0.17	0.18	0.06
Days Sales Outstanding (Average Receivables)	18.76	18.83	21.32	21.47	22.37
Days Outstanding Inventory (Average Inventory)	88.06	89.61	87.85	81.76	77.51
Average Days Payable Outstanding	43.15	41.26	44.9	49.59	49.06
Cash Conversion Cycle (Average Days)	63.66	67.19	64.27	53.64	50.82
Long Term Solvency
Total Debt/Equity	8.38	8.24	9.34	19.63	34.19
Total Debt / Total Capital	7.73	7.61	8.54	16.41	25.48
LT Debt/Equity	7.35	6.15	4.99	14.36	18.48
Long-Term Debt / Total Capital	6.78	5.69	4.56	12	13.77
Total Liabilities / Total Assets	35.06	29.33	30.24	35.68	45.32
EBIT / Interest Expense	89.37	54.7	-16.03	-9.09	-4.48
EBITDA / Interest Expense	104.81	72.51	-3.14	-2.13	-0.34
(EBITDA - Capex) / Interest Expense	87.26	44.47	-21.14	-10.68	-3.25
Total Debt / EBITDA	0.13	0.24	-3.9	-5.34	-27.8
Net Debt / EBITDA	-0.4	-0.54	2.23	-3.37	-23.85
Total Debt / (EBITDA - Capex)	0.16	0.4	-0.58	-1.07	-2.89
Net Debt / (EBITDA - Capex)	-0.48	-0.88	0.33	-0.67	-2.48
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	40.89	-3.36	-26.93	-3.2	1.64
Gross Profit, 1 Yr. Growth %	83.32	-25.06	-65.53	4.72	-4.75
EBITDA, 1 Yr. Growth %	132	-37.18	-108.46	23.46	-56.41
EBITA, 1 Yr. Growth %	188.98	-43.64	-140.08	8.21	-21.39
EBIT, 1 Yr. Growth %	196.2	-44.07	-142.85	6.64	-21.07
Earnings From Cont. Operations, 1 Yr. Growth %	160.55	-40.97	-140.47	111.25	18.66
Net Income, 1 Yr. Growth %	146.44	-41.32	-141.42	105.15	19.09
Normalized Net Income, 1 Yr. Growth %	191.88	-42.59	-138.45	14.46	-21.19
Diluted EPS Before Extra, 1 Yr. Growth %	147.05	-40.5	-142.47	107.86	20.2
Accounts Receivable, 1 Yr. Growth %	19.76	-21.93	-11.34	6.85	5.62
Inventory, 1 Yr. Growth %	39.75	0.59	-15.74	-6.6	2.84
Net Property, Plant and Equip., 1 Yr. Growth %	-8.62	23.43	10.12	0.79	-4.77
Total Assets, 1 Yr. Growth %	20.85	9.16	-9.02	-9.13	-10.58
Tangible Book Value, 1 Yr. Growth %	115.46	25.44	-11.39	-16.7	-20.44
Common Equity, 1 Yr. Growth %	57.83	21.17	-9.55	-13.26	-24.32
Cash From Operations, 1 Yr. Growth %	78.36	-41.88	-86.1	12.6	-60.1
Capital Expenditures, 1 Yr. Growth %	112.51	46.03	-6.13	-10.2	-45.23
Levered Free Cash Flow, 1 Yr. Growth %	32.36	-74.96	-249.33	-16.2	-21.25
Unlevered Free Cash Flow, 1 Yr. Growth %	29.77	-74.05	-235.15	-21.65	-31.43
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	28.44	16.69	-15.97	-15.9	-0.81
Gross Profit, 2 Yr. CAGR %	83.78	17.21	-49.17	-40.02	-0.13
EBITDA, 2 Yr. CAGR %	516.5	20.72	-76.95	-67.3	-26.3
EBITA, 2 Yr. CAGR %	196.34	27.62	-52.47	-33.94	-7.63
EBIT, 2 Yr. CAGR %	180.68	28.71	-51.04	-32.19	-8.13
Earnings From Cont. Operations, 2 Yr. CAGR %	132.57	24.01	-51.12	-7.54	58.33
Net Income, 2 Yr. CAGR %	125.86	20.26	-50.7	-7.82	56.3
Normalized Net Income, 2 Yr. CAGR %	142.39	29.74	-53.01	-33.41	-4.87
Diluted EPS Before Extra, 2 Yr. CAGR %	126.14	21.24	-49.73	-6.04	58.07
Accounts Receivable, 2 Yr. CAGR %	28.74	-3.31	-16.8	-2.67	6.23
Inventory, 2 Yr. CAGR %	20.84	18.56	-7.94	-11.29	-2
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.12	6.2	16.59	5.35	-2.03
Total Assets, 2 Yr. CAGR %	16.78	14.85	-0.34	-9.07	-9.86
Tangible Book Value, 2 Yr. CAGR %	87.9	64.4	5.43	-14.09	-18.59
Common Equity, 2 Yr. CAGR %	45.52	38.29	4.69	-11.43	-18.98
Cash From Operations, 2 Yr. CAGR %	208.89	1.82	-71.58	-60.44	-32.97
Capital Expenditures, 2 Yr. CAGR %	18.92	76.16	17.08	-8.19	-29.87
Levered Free Cash Flow, 2 Yr. CAGR %	75.22	-42.51	-38.85	12.14	-18.65
Unlevered Free Cash Flow, 2 Yr. CAGR %	84.92	-42.06	-40.78	3.17	-26.58
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	15.06	16.82	-0.17	-11.91	-10.42
Gross Profit, 3 Yr. CAGR %	24.95	36.28	-22.05	-35.4	-30.03
EBITDA, 3 Yr. CAGR %	42.72	187.95	-50.23	-59.35	-63.9
EBITA, 3 Yr. CAGR %	52.55	70.42	-13.25	-37.34	-29.93
EBIT, 3 Yr. CAGR %	53.72	63.94	-10.79	-36.41	-28.6
Earnings From Cont. Operations, 3 Yr. CAGR %	49.23	47.25	-14.62	-20.38	0.48
Net Income, 3 Yr. CAGR %	55.78	44.12	-15.7	-20.7	0.4
Normalized Net Income, 3 Yr. CAGR %	63.32	50.19	-13.5	-36.63	-29.49
Diluted EPS Before Extra, 3 Yr. CAGR %	56.95	44.91	-14.53	-19.32	2
Accounts Receivable, 3 Yr. CAGR %	33.21	8.97	-6.06	-9.57	0.02
Inventory, 3 Yr. CAGR %	15.47	13.67	5.8	-7.5	-6.81
Net Property, Plant and Equip., 3 Yr. CAGR %	5.33	4.3	7.49	11.06	1.86
Total Assets, 3 Yr. CAGR %	17.1	14.18	6.27	-3.36	-9.58
Tangible Book Value, 3 Yr. CAGR %	27.42	64.22	33.79	-2.53	-16.26
Common Equity, 3 Yr. CAGR %	19.21	36.9	20.04	-1.68	-15.95
Cash From Operations, 3 Yr. CAGR %	52.86	77	-47.57	-55.03	-60.33
Capital Expenditures, 3 Yr. CAGR %	2.18	27.34	42.82	7.17	-22.71
Levered Free Cash Flow, 3 Yr. CAGR %	196.31	-8.48	-20.98	-31.97	-0.23
Unlevered Free Cash Flow, 3 Yr. CAGR %	168.2	-4.01	-23.16	-34.88	-9.87
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	12.66	10.23	1.47	2.43	-0.43
Gross Profit, 5 Yr. CAGR %	22.52	10.42	-12.81	-1.86	-13.99
EBITDA, 5 Yr. CAGR %	37.09	14.83	-31.17	20.61	-41.49
EBITA, 5 Yr. CAGR %	48.79	17.06	-4.32	16.65	-10.93
EBIT, 5 Yr. CAGR %	50.71	17.42	-2.73	15.17	-9.62
Earnings From Cont. Operations, 5 Yr. CAGR %	48.22	16.95	-4.51	22.24	9.31
Net Income, 5 Yr. CAGR %	54.81	17.91	-1.68	20.53	7.91
Normalized Net Income, 5 Yr. CAGR %	63.2	20.69	-0.69	8.48	-10.02
Diluted EPS Before Extra, 5 Yr. CAGR %	56.71	19.45	-0.47	21.85	9.3
Accounts Receivable, 5 Yr. CAGR %	21.26	11.73	10.34	4.15	-1.33
Inventory, 5 Yr. CAGR %	16.41	13.43	5.46	2.94	2.61
Net Property, Plant and Equip., 5 Yr. CAGR %	5.16	10.02	9.7	4.72	3.58
Total Assets, 5 Yr. CAGR %	13.5	14.08	9.78	4.24	-0.5
Tangible Book Value, 5 Yr. CAGR %	30.11	27.6	18.12	26.73	9.68
Common Equity, 5 Yr. CAGR %	18.62	19.51	13.17	15.02	2.57
Cash From Operations, 5 Yr. CAGR %	26.82	12.78	-22.01	-2.79	-42.16
Capital Expenditures, 5 Yr. CAGR %	12.87	19.92	7.9	11.72	7.46
Levered Free Cash Flow, 5 Yr. CAGR %	37.03	-0.51	57.53	-0.73	-19.97
Unlevered Free Cash Flow, 5 Yr. CAGR %	35.75	-0.45	46.49	-1.2	-24.47