Cash flow CCL Industries Inc.

Equities

CCL.B

CA1249003098

Non-Paper Containers & Packaging

Market Closed - Toronto S.E. Other stock markets 04:00:00 2026-01-20 pm EST			5-day change	1st Jan Change
85.69 ^CAD	+1.11%		-1.69%	-1.16%

Jan. 16	Gimv Signs Deal to Divest Majority ALT Technologies Stake	MT
Jan. 16	Gimv sells majority stake in ALT Technologies to CCL Industries	RE

8b9d9dadba4fa087ed72d49dbcd1.u3ePhvdvyEheNAsHocnoRRewZv7WZ7yfstbpKKit0xc.7TLewZQoiT8IV2YqzZySAieBDoi7PsjWwb2sfMnVvCXyJczelVawEShGOw

Published financial data: CCL INDUSTRIES INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	5.24B	5.73B	6.38B	6.65B	7.24B
Total Revenues	5.24B	5.73B	6.38B	6.65B	7.24B
Cost of Goods Sold, Total	3.74B	4.14B	4.67B	4.74B	5.11B
Gross Profit	1.5B	1.59B	1.72B	1.91B	2.14B
Selling General & Admin Expenses, Total	732M	767M	859M	998M	1.09B
Other Operating Expenses	-500K	-	-	-	-
Other Operating Expenses, Total	732M	767M	859M	998M	1.09B
Operating Income	771M	825M	856M	917M	1.05B
Interest Expense, Total	-71.9M	-64M	-76.1M	-90.9M	-86.5M
Interest And Investment Income	2.2M	2.6M	6M	12.9M	13.1M
Net Interest Expenses	-69.7M	-61.4M	-70.1M	-78M	-73.4M
Income (Loss) On Equity Invest.	9.5M	11.2M	19.9M	17.9M	18.9M
Other Non Operating Income (Expenses)	11.2M	10.1M	11.7M	11.9M	12.4M
EBT, Excl. Unusual Items	722M	785M	818M	869M	1.01B
Restructuring Charges	-18.4M	-3.9M	-10.3M	-41.1M	-3.3M
Merger & Related Restructuring Charges	-1.1M	-500K	-1.4M	-1.7M	-2.2M
Impairment of Goodwill	-	-	-	-95M	-
Gain (Loss) On Sale Of Investments	-	-	-	-	78.1M
Legal Settlements	-8.6M	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	694M	781M	806M	731M	1.08B
Income Tax Expense	164M	182M	183M	201M	238M
Earnings From Continuing Operations	530M	599M	623M	530M	843M
Net Income to Company	530M	599M	623M	530M	843M
Minority Interest	-	-	-	-	-
Net Income - (IS)	530M	599M	623M	530M	843M
Net Income to Common Incl Extra Items	530M	599M	623M	530M	843M
Net Income to Common Excl. Extra Items	530M	599M	623M	530M	843M
Per Share Items
Net EPS - Basic	2.96	3.33	3.5	2.99	4.73
Basic EPS - Continuing Operations	2.96	3.33	3.5	2.99	4.73
Basic Weighted Average Shares Outstanding	179M	180M	178M	178M	178M
Net EPS - Diluted	2.95	3.31	3.47	2.95	4.7
Diluted EPS - Continuing Operations	2.95	3.31	3.47	2.95	4.7
Diluted Weighted Average Shares Outstanding	180M	181M	179M	180M	180M
Normalized Basic EPS	2.52	2.73	2.87	3.06	3.54
Normalized Diluted EPS	2.51	2.71	2.85	3.02	3.51
Dividend Per Share	0.72	0.84	0.96	1.06	1.16
Payout Ratio	24.3	25.2	27.35	35.5	24.48
Supplemental Items
EBITDA	1.08B	1.13B	1.18B	1.27B	1.43B
EBITA	828M	883M	922M	986M	1.12B
EBIT	771M	825M	856M	917M	1.05B
EBITDAR	1.08B	1.13B	1.19B	1.28B	1.44B
Effective Tax Rate - (Ratio)	23.62	23.25	22.74	27.46	22.02
Total Current Taxes	149M	191M	211M	221M	250M
Total Deferred Taxes	14.7M	-9.7M	-27.6M	-20.1M	-11.8M
Normalized Net Income	451M	491M	511M	543M	630M
Interest on Long-Term Debt	71.9M	64.6M	77.7M	102M	98.5M
Non-Cash Pension Expense	7.8M	5.9M	7.5M	12.8M	13.9M
Supplemental Operating Expense Items
General and Administrative Expenses	-	-	-	-	-
Net Rental Expense, Total	3.6M	5.2M	5.8M	5.5M	5.9M
Imputed Operating Lease Interest Expense	917K	1.35M	1.68M	1.72M	1.73M
Imputed Operating Lease Depreciation	2.68M	3.85M	4.12M	3.78M	4.17M
Stock-Based Comp., SG&A Exp. (Total)	500K	-	-	-	-
Stock-Based Comp., Other (Total)	17.9M	28.3M	38.6M	49.7M	33.7M
Total Stock-Based Compensation	18.4M	28.3M	38.6M	49.7M	33.7M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	704M	602M	840M	774M	829M
Total Cash And Short Term Investments	704M	602M	840M	774M	829M
Accounts Receivable, Total	810M	948M	974M	985M	1.09B
Other Receivables	142M	173M	171M	143M	217M
Total Receivables	952M	1.12B	1.15B	1.13B	1.3B
Inventory	534M	677M	785M	732M	820M
Prepaid Expenses	35.3M	46.5M	50M	50.6M	62.1M
Other Current Assets, Total	400K	-	-	100K	23.6M
Total Current Assets	2.22B	2.45B	2.82B	2.69B	3.04B
Gross Property Plant And Equipment	3.91B	4.06B	4.72B	5.17B	5.73B
Accumulated Depreciation	-1.87B	-2.01B	-2.32B	-2.49B	-2.81B
Net Property Plant And Equipment	2.04B	2.06B	2.39B	2.68B	2.91B
Long-term Investments	66.1M	68.4M	79.5M	85M	60.9M
Goodwill	1.92B	1.98B	2.19B	2.29B	2.55B
Other Intangibles, Total	1.01B	991M	1.02B	1.03B	1.11B
Deferred Tax Assets Long-Term	42.7M	47.7M	71.5M	105M	94.7M
Other Long-Term Assets, Total	36M	42.1M	89.4M	43.2M	88.7M
Total Assets	7.34B	7.63B	8.66B	8.92B	9.86B
Liabilities
Accounts Payable, Total	633M	782M	1.37B	1.3B	1.38B
Accrued Expenses, Total	24.5M	25.8M	28.4M	29.7M	33.3M
Current Portion of Long-Term Debt	51.8M	15.3M	6.6M	6.9M	4.2M
Current Portion of Leases	34.2M	32.7M	40M	45M	47.2M
Current Income Taxes Payable	40.3M	48.5M	60.3M	35.5M	42.2M
Other Current Liabilities	478M	514M	100K	-	-
Total Current Liabilities	1.26B	1.42B	1.5B	1.42B	1.51B
Long-Term Debt	1.89B	1.69B	2.18B	2.07B	2.23B
Long-Term Leases	119M	112M	140M	163M	164M
Pension & Other Post Retirement Benefits	385M	316M	257M	282M	308M
Deferred Tax Liability Non Current	271M	287M	312M	346M	347M
Other Non Current Liabilities	128M	57.4M	14M	24.9M	16.7M
Total Liabilities	4.05B	3.88B	4.4B	4.3B	4.58B
Common Stock, Total	397M	462M	468M	520M	608M
Additional Paid In Capital	90.1M	104M	132M	158M	101M
Retained Earnings	2.94B	3.42B	3.73B	4.06B	4.49B
Comprehensive Income and Other	-142M	-241M	-65.4M	-111M	79.5M
Total Common Equity	3.28B	3.75B	4.27B	4.62B	5.28B
Total Equity	3.28B	3.75B	4.27B	4.62B	5.28B
Total Liabilities And Equity	7.34B	7.63B	8.66B	8.92B	9.86B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	179M	180M	177M	178M	177M
ECS Total Common Shares Outstanding	179M	180M	177M	178M	177M
Book Value / Share	18.31	20.8	24.09	26	29.87
Tangible Book Value	356M	781M	1.05B	1.3B	1.62B
Tangible Book Value Per Share	1.99	4.33	5.95	7.3	9.14
Total Debt	2.09B	1.85B	2.36B	2.28B	2.45B
Net Debt	1.39B	1.25B	1.52B	1.51B	1.62B
Debt Equivalent of Unfunded Proj. Benefit Obligation	382M	314M	256M	280M	306M
Debt Equivalent Oper. Leases	28.8M	41.6M	46.4M	44M	47.2M
Equity Method Investments, Total	66.1M	68.4M	79.5M	85M	60.9M
Account Code - Inventory Valuation	5	5	-	5	5
Inventories - Raw Materials, Total	215M	305M	370M	330M	386M
Inventories - Work In Process, Total	61.7M	67.8M	71M	77.3M	77.9M
Inventories - Finished Goods, Total	257M	304M	344M	325M	356M
Land - (BS)	914M	913M	1.02B	1.15B	1.33B
Machinery, Total	2.77B	2.91B	3.41B	3.67B	4.03B
Full Time Employees	22.2K	25.1K	25.3K	25.7K	26.3K
Accumulated Allowance for Doubtful Accounts (Supple)	18.1M	18.4M	17.7M	19.2M	16.7M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	530M	599M	623M	530M	843M
Depreciation & Amortization - CF	289M	285M	299M	334M	359M
Amortization of Goodwill and Intangible Assets - (CF)	57.5M	57.5M	66.1M	68.8M	73.1M
Depreciation & Amortization, Total	346M	342M	365M	403M	432M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-2.4M	-5.9M	-13.8M	-9M	-3M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-78.1M
Asset Writedown & Restructuring Costs	-	-	-	95M	-
(Income) Loss On Equity Investments - (CF)	-6M	-5M	-13.5M	-10.5M	-18.9M
Stock-Based Compensation (CF)	14.1M	28.3M	38.6M	49.7M	33.7M
Other Operating Activities, Total	31M	-6.5M	-15.5M	-29.1M	-1.8M
Change In Accounts Receivable	-43.2M	-130M	23.6M	39.2M	-142M
Change In Inventories	-38.5M	-126M	-69.6M	77.4M	-77.5M
Change In Accounts Payable	48.7M	164M	41.9M	-121M	70.7M
Change In Income Taxes	9.7M	-2.5M	-4M	-800K	-8.9M
Change in Other Net Operating Assets	-6.6M	-19.8M	17.1M	-21.4M	14.2M
Cash from Operations	883M	839M	993M	1B	1.06B
Capital Expenditure	-283M	-324M	-447M	-462M	-462M
Sale of Property, Plant, and Equipment	16.2M	16.9M	27.8M	17.9M	4.6M
Cash Acquisitions	-161M	-234M	-287M	-324M	-143M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Cash from Investing	-428M	-541M	-707M	-768M	-600M
Long-Term Debt Issued, Total	916M	41.3M	1.01B	331M	237M
Total Debt Issued	916M	41.3M	1.01B	331M	237M
Long-Term Debt Repaid, Total	-1.27B	-311M	-718M	-461M	-260M
Total Debt Repaid	-1.27B	-311M	-718M	-461M	-260M
Issuance of Common Stock	25.8M	50.5M	5.4M	28.6M	6.3M
Repurchase of Common Stock	-	-	-200M	-5.1M	-201M
Common Dividends Paid	-129M	-151M	-170M	-188M	-206M
Common & Preferred Stock Dividends Paid	-129M	-151M	-170M	-188M	-206M
Cash from Financing	-461M	-370M	-72.6M	-295M	-424M
Foreign Exchange Rate Adjustments	6.5M	-29M	23.8M	-5.4M	15.2M
Net Change in Cash	100K	-102M	237M	-65.3M	54.5M
Supplemental Items
Cash Income Tax Paid (Refund)	139M	197M	207M	246M	258M
Levered Free Cash Flow	501M	392M	394M	487M	403M
Unlevered Free Cash Flow	546M	432M	442M	544M	457M
Change In Net Working Capital	17.5M	130M	49.9M	20.7M	204M
Net Debt Issued / Repaid	-358M	-270M	292M	-130M	-23.6M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.7	6.89	6.57	6.52	6.99
Return on Total Capital	9.01	9.4	8.75	8.47	8.97
Return On Equity %	17.14	17.05	15.54	11.93	17.03
Return on Common Equity	17.14	17.05	15.54	11.93	17.03
Margin Analysis
Gross Profit Margin %	28.66	27.77	26.87	28.79	29.51
SG&A Margin	13.97	13.38	13.46	15	15
EBITDA Margin %	20.52	19.67	18.48	19.09	19.73
EBITA Margin %	15.8	15.4	14.45	14.82	15.51
EBIT Margin %	14.7	14.39	13.42	13.79	14.5
Income From Continuing Operations Margin %	10.1	10.45	9.76	7.97	11.64
Net Income Margin %	10.1	10.45	9.76	7.97	11.64
Net Avail. For Common Margin %	10.1	10.45	9.76	7.97	11.64
Normalized Net Income Margin	8.6	8.56	8.01	8.16	8.7
Levered Free Cash Flow Margin	9.56	6.84	6.18	7.32	5.56
Unlevered Free Cash Flow Margin	10.42	7.54	6.92	8.18	6.31
Asset Turnover
Asset Turnover	0.73	0.77	0.78	0.76	0.77
Fixed Assets Turnover	2.62	2.8	2.87	2.62	2.59
Receivables Turnover (Average Receivables)	6.71	6.52	6.64	6.79	7
Inventory Turnover (Average Inventory)	7.37	6.84	6.38	6.24	6.58
Short Term Liquidity
Current Ratio	1.76	1.73	1.88	1.9	2.01
Quick Ratio	1.31	1.22	1.32	1.34	1.41
Operating Cash Flow to Current Liabilities	0.7	0.59	0.66	0.71	0.7
Days Sales Outstanding (Average Receivables)	54.53	55.97	54.98	53.77	52.31
Days Outstanding Inventory (Average Inventory)	49.67	53.37	57.19	58.48	55.62
Average Days Payable Outstanding	58.41	60.29	101.73	103.9	94.53
Cash Conversion Cycle (Average Days)	45.79	49.05	10.43	8.35	13.39
Long Term Solvency
Total Debt/Equity	63.82	49.41	55.37	49.37	46.35
Total Debt / Total Capital	38.96	33.07	35.64	33.05	31.67
LT Debt/Equity	61.2	48.13	54.28	48.25	45.38
Long-Term Debt / Total Capital	37.36	32.21	34.94	32.3	31.01
Total Liabilities / Total Assets	55.26	50.88	50.77	48.19	46.44
EBIT / Interest Expense	10.72	12.89	11.25	10.09	12.15
EBITDA / Interest Expense	15.54	18.24	16.05	14.52	17.15
(EBITDA - Capex) / Interest Expense	11.6	13.18	10.17	9.45	11.8
Total Debt / EBITDA	1.88	1.59	1.93	1.73	1.65
Net Debt / EBITDA	1.25	1.07	1.25	1.14	1.09
Total Debt / (EBITDA - Capex)	2.51	2.19	3.05	2.66	2.4
Net Debt / (EBITDA - Capex)	1.67	1.48	1.97	1.76	1.59
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-1.48	9.36	11.33	4.19	8.95
Gross Profit, 1 Yr. Growth %	-0.66	5.98	7.73	11.61	11.66
EBITDA, 1 Yr. Growth %	5.51	4.86	4.57	7.64	12.59
EBITA, 1 Yr. Growth %	5.44	6.58	4.5	6.87	14.01
EBIT, 1 Yr. Growth %	5.72	7.07	3.77	7.09	14.59
Earnings From Cont. Operations, 1 Yr. Growth %	11.02	13.1	3.94	-14.85	59.02
Net Income, 1 Yr. Growth %	11.02	13.1	3.94	-14.85	59.02
Normalized Net Income, 1 Yr. Growth %	9	8.79	4.17	6.24	16.1
Diluted EPS Before Extra, 1 Yr. Growth %	10.59	12.41	4.93	-15.19	59.37
Accounts Receivable, 1 Yr. Growth %	7.66	17.1	2.74	1.06	10.3
Inventory, 1 Yr. Growth %	10.78	26.95	15.92	-6.73	11.96
Net Property, Plant and Equip., 1 Yr. Growth %	3.89	0.72	16.38	12.02	8.71
Total Assets, 1 Yr. Growth %	4.24	3.97	13.59	3	10.48
Tangible Book Value, 1 Yr. Growth %	377.35	119.26	34.91	23.18	24.61
Common Equity, 1 Yr. Growth %	13.27	14.16	13.83	8.39	14.22
Cash From Operations, 1 Yr. Growth %	13.26	-5.01	18.37	1.06	6.04
Capital Expenditures, 1 Yr. Growth %	-18.17	14.5	38.11	3.22	0.09
Levered Free Cash Flow, 1 Yr. Growth %	41.94	-21.14	0.58	23.48	-17.21
Unlevered Free Cash Flow, 1 Yr. Growth %	33.38	-20.3	2.28	23.04	-15.92
Dividend Per Share, 1 Yr. Growth %	5.88	16.67	14.29	10.42	9.43
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	0.78	3.79	10.34	7.7	6.55
Gross Profit, 2 Yr. CAGR %	-0.03	2.61	6.85	9.66	11.64
EBITDA, 2 Yr. CAGR %	4.38	5.19	4.71	6.09	10.09
EBITA, 2 Yr. CAGR %	4.12	6.01	5.53	5.68	10.38
EBIT, 2 Yr. CAGR %	4.24	6.39	5.41	5.42	10.78
Earnings From Cont. Operations, 2 Yr. CAGR %	6.52	12.06	8.42	-5.93	16.36
Net Income, 2 Yr. CAGR %	6.52	12.06	8.42	-5.93	16.36
Normalized Net Income, 2 Yr. CAGR %	6.03	8.89	6.45	5.2	11.06
Diluted EPS Before Extra, 2 Yr. CAGR %	6.2	11.5	8.61	-5.66	16.26
Accounts Receivable, 2 Yr. CAGR %	-2.23	12.28	9.69	1.9	5.58
Inventory, 2 Yr. CAGR %	0.84	18.59	21.31	3.98	2.19
Net Property, Plant and Equip., 2 Yr. CAGR %	6.56	2.29	8.27	14.18	10.35
Total Assets, 2 Yr. CAGR %	2.18	4.11	8.67	8.16	6.67
Tangible Book Value, 2 Yr. CAGR %	9.66	223.52	71.99	28.91	23.89
Common Equity, 2 Yr. CAGR %	10.81	13.71	14	11.08	11.27
Cash From Operations, 2 Yr. CAGR %	6.89	3.73	6.04	9.37	3.52
Capital Expenditures, 2 Yr. CAGR %	-10.48	-3.21	25.75	19.4	1.64
Levered Free Cash Flow, 2 Yr. CAGR %	28.23	5.38	-10.94	11.44	1.1
Unlevered Free Cash Flow, 2 Yr. CAGR %	23.81	2.73	-9.71	12.18	1.71
Dividend Per Share, 2 Yr. CAGR %	17.67	11.14	15.47	12.33	9.92
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	3.3	3.56	6.25	8.25	8.12
Gross Profit, 3 Yr. CAGR %	1.15	1.94	4.29	8.42	10.32
EBITDA, 3 Yr. CAGR %	4.19	4.54	4.98	5.68	8.21
EBITA, 3 Yr. CAGR %	3.76	4.93	5.5	5.98	8.39
EBIT, 3 Yr. CAGR %	3.67	5.18	5.51	5.97	8.39
Earnings From Cont. Operations, 3 Yr. CAGR %	3.77	8.67	9.28	0.03	12.06
Net Income, 3 Yr. CAGR %	3.77	8.67	9.28	0.03	12.06
Normalized Net Income, 3 Yr. CAGR %	4.71	6.94	7.29	6.38	8.71
Diluted EPS Before Extra, 3 Yr. CAGR %	3.46	8.23	9.26	0.01	12.35
Accounts Receivable, 3 Yr. CAGR %	2.38	3.83	9.01	6.73	4.62
Inventory, 3 Yr. CAGR %	7.87	8.89	17.69	11.14	6.58
Net Property, Plant and Equip., 3 Yr. CAGR %	10.45	4.58	6.79	9.5	12.33
Total Assets, 3 Yr. CAGR %	6.09	2.77	7.18	6.75	8.93
Tangible Book Value, 3 Yr. CAGR %	-11.02	38.16	141.7	53.88	27.46
Common Equity, 3 Yr. CAGR %	15	11.92	13.75	12.1	12.12
Cash From Operations, 3 Yr. CAGR %	7.47	2.77	8.4	4.35	8.25
Capital Expenditures, 3 Yr. CAGR %	-0.34	-2.83	8.97	17.74	12.58
Levered Free Cash Flow, 3 Yr. CAGR %	14.95	8.76	3.75	-0.69	0.93
Unlevered Free Cash Flow, 3 Yr. CAGR %	13.39	6.64	2.58	0.1	1.9
Dividend Per Share, 3 Yr. CAGR %	16.11	17.33	12.18	13.76	11.36
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11.52	7.6	6.06	5.2	6.37
Gross Profit, 5 Yr. CAGR %	11.82	6.39	3.4	4.96	7.17
EBITDA, 5 Yr. CAGR %	12.08	8.27	4.4	5.16	6.99
EBITA, 5 Yr. CAGR %	12.66	8.77	4.47	5.23	7.43
EBIT, 5 Yr. CAGR %	11.64	8.27	4.36	5.27	7.59
Earnings From Cont. Operations, 5 Yr. CAGR %	12.41	11.59	5.6	2.58	12.06
Net Income, 5 Yr. CAGR %	12.41	11.55	5.6	2.58	12.06
Normalized Net Income, 5 Yr. CAGR %	11.32	8.48	5.4	6.24	8.79
Diluted EPS Before Extra, 5 Yr. CAGR %	11.94	11.12	5.49	2.44	12.01
Accounts Receivable, 5 Yr. CAGR %	10.39	8.51	5.24	3.05	7.62
Inventory, 5 Yr. CAGR %	15.41	14.02	13.05	6.9	11.23
Net Property, Plant and Equip., 5 Yr. CAGR %	13.46	11.06	9.57	8.32	8.2
Total Assets, 5 Yr. CAGR %	15.42	10.27	7.12	4.89	6.97
Tangible Book Value, 5 Yr. CAGR %	-4.98	52.78	15.82	34.38	85.01
Common Equity, 5 Yr. CAGR %	15.14	16.11	14.6	11.58	12.75
Cash From Operations, 5 Yr. CAGR %	13.19	8.26	6.9	5.36	6.42
Capital Expenditures, 5 Yr. CAGR %	10.43	6.65	9.38	5.52	5.98
Levered Free Cash Flow, 5 Yr. CAGR %	14.81	12.22	3.63	9.82	2.69
Unlevered Free Cash Flow, 5 Yr. CAGR %	15.38	12.14	3.36	8.83	2.23
Dividend Per Share, 5 Yr. CAGR %	19.14	16	15.85	15.31	11.27