Cash flow Corus Entertainment Inc.

Equities

CJR.B

CA2208741017

Broadcasting

Delayed Toronto S.E. Other stock markets 09:38:25 2024-12-04 am EST			5-day change	1st Jan Change
0.1050 ^CAD	0.00%		-4.55%	-85.21%

Dec. 02	Quebecor Could Buy Corus, CIBC Says	MT
Oct. 28	BMO on Corus Entertainment's Q4	MT

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Published financial data: CORUS ENTERTAINMENT INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: August	2020	2021	2022	2023	2024
Revenues	1.51B	1.54B	1.6B	1.51B	1.27B
Total Revenues	1.51B	1.54B	1.6B	1.51B	1.27B
Cost of Goods Sold, Total	1.01B	1.02B	1.15B	1.18B	987M
Gross Profit	506M	525M	444M	334M	283M
Selling General & Admin Expenses, Total	-	-	-	-	-
Depreciation & Amortization - (IS)	159M	152M	157M	158M	111M
Other Operating Expenses, Total	159M	152M	157M	158M	111M
Operating Income	347M	372M	287M	176M	172M
Interest Expense, Total	-115M	-104M	-107M	-135M	-108M
Interest And Investment Income	3.8M	3.1M	-	-	4.84M
Net Interest Expenses	-111M	-101M	-107M	-135M	-103M
Income (Loss) On Equity Invest.	7K	40K	41K	31K	9K
Currency Exchange Gains (Loss)	4.25M	5.06M	-9.82M	-4.62M	560K
Other Non Operating Income (Expenses)	20K	-2K	-4.86M	7.46M	-9.39M
EBT, Excl. Unusual Items	240M	276M	165M	43.82M	60.54M
Restructuring Charges	-19.16M	-11.26M	-8.06M	-20.57M	-51.01M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-719M	-	-350M	-295M	-21.1M
Gain (Loss) On Sale Of Investments	-	-	-	800K	-
Gain (Loss) On Sale Of Assets	-	-	-	142M	522K
Asset Writedown	-67.79M	-	-2.2M	-395M	-939M
Other Unusual Items	-	-1.88M	3.43M	-	-753K
EBT, Incl. Unusual Items	-566M	263M	-192M	-524M	-950M
Income Tax Expense	41.94M	68.76M	40.36M	-101M	-184M
Earnings From Continuing Operations	-608M	195M	-232M	-423M	-767M
Net Income to Company	-608M	195M	-232M	-423M	-767M
Minority Interest	-17.66M	-22.02M	-12.82M	-5.87M	-5.9M
Net Income - (IS)	-625M	173M	-245M	-429M	-773M
Net Income to Common Incl Extra Items	-625M	173M	-245M	-429M	-773M
Net Income to Common Excl. Extra Items	-625M	173M	-245M	-429M	-773M
Per Share Items
Net EPS - Basic	-2.98	0.83	-1.19	-2.15	-3.87
Basic EPS - Continuing Operations	-2.98	0.83	-1.19	-2.15	-3.87
Basic Weighted Average Shares Outstanding	210M	208M	206M	200M	199M
Net EPS - Diluted	-2.98	0.83	-1.19	-2.15	-3.87
Diluted EPS - Continuing Operations	-2.98	0.83	-1.19	-2.15	-3.87
Diluted Weighted Average Shares Outstanding	210M	209M	206M	200M	199M
Normalized Basic EPS	0.63	0.72	0.44	0.11	0.16
Normalized Diluted EPS	0.63	0.72	0.44	0.11	0.16
Dividend Per Share	0.24	0.24	0.24	0.12	-
Payout Ratio	-8.06	28.97	-20.22	-8.38	-
Supplemental Items
EBITDA	493M	512M	431M	321M	271M
EBITA	461M	484M	404M	296M	246M
EBIT	347M	372M	287M	176M	172M
EBITDAR	507M	526M	446M	338M	288M
Effective Tax Rate - (Ratio)	-7.41	26.11	-21.03	19.25	19.32
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	65.94M	90.8M	50.79M	23.71M	7.73M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-23.99M	-22.04M	-10.44M	-125M	-191M
Normalized Net Income	132M	151M	90.28M	21.52M	31.94M
Interest on Long-Term Debt	69.21M	107M	107M	135M	108M
Non-Cash Pension Expense	706K	637K	553K	1.87M	895K
Supplemental Operating Expense Items
Net Rental Expense, Total	13.45M	13.52M	14.65M	16.93M	17.67M
Imputed Operating Lease Interest Expense	7.24M	7.07M	8.67M	14.03M	12.77M
Imputed Operating Lease Depreciation	6.21M	6.45M	5.99M	2.9M	4.91M
Stock-Based Comp., COGS (Total)	4.27M	17.73M	1.26M	840K	861K
Stock-Based Comp., Other (Total)	1.11M	1.11M	-	-	-
Total Stock-Based Compensation	5.38M	18.84M	1.26M	840K	861K

Fiscal Period: August	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	45.9M	43.68M	54.91M	56.16M	82.42M
Total Cash And Short Term Investments	45.9M	43.68M	54.91M	56.16M	82.42M
Accounts Receivable, Total	259M	308M	288M	268M	216M
Other Receivables	38.46M	23.27M	40.18M	48.32M	40.96M
Total Receivables	298M	331M	328M	317M	257M
Prepaid Expenses	17.11M	19.21M	21.42M	21.28M	17.86M
Other Current Assets, Total	-	4.9M	-	-	-
Total Current Assets	361M	399M	405M	394M	357M
Gross Property Plant And Equipment	637M	604M	619M	619M	635M
Accumulated Depreciation	-303M	-288M	-325M	-351M	-384M
Net Property Plant And Equipment	334M	316M	294M	268M	251M
Long-term Investments	46.01M	61.32M	30.86M	28.34M	20.44M
Goodwill	665M	665M	316M	21.1M	-
Other Intangibles, Total	2.43B	2.26B	2.28B	1.85B	746M
Deferred Tax Assets Long-Term	53.67M	50.05M	50.3M	44.65M	-
Other Long-Term Assets, Total	85.05M	102M	125M	143M	112M
Total Assets	3.97B	3.86B	3.5B	2.75B	1.49B
Liabilities
Accounts Payable, Total	114M	171M	136M	156M	161M
Current Portion of Long-Term Debt	76.34M	35.33M	15.57M	13.43M	9.9M
Current Portion of Leases	14.26M	14.74M	14.63M	14.34M	14.22M
Current Income Taxes Payable	12.7M	-	-	-	-
Other Current Liabilities	332M	331M	384M	404M	339M
Total Current Liabilities	549M	552M	551M	588M	523M
Long-Term Debt	1.46B	1.32B	1.25B	1.08B	1.04B
Long-Term Leases	134M	129M	120M	112M	103M
Unearned Revenue Non Current	11.94M	9.98M	15.86M	9.51M	8.8M
Pension & Other Post Retirement Benefits	14.51M	13.95M	12.62M	12.32M	15.05M
Deferred Tax Liability Non Current	441M	429M	415M	294M	54.04M
Other Non Current Liabilities	315M	179M	238M	192M	81.73M
Total Liabilities	2.92B	2.64B	2.6B	2.29B	1.83B
Common Stock, Total	816M	816M	782M	281M	281M
Additional Paid In Capital	1.51B	1.51B	1.51B	2.01B	2.01B
Retained Earnings	-1.43B	-1.28B	-1.57B	-2.01B	-2.78B
Comprehensive Income and Other	-2.26M	21.81M	33M	37.84M	24.48M
Total Common Equity	900M	1.07B	752M	318M	-465M
Minority Interest	149M	153M	152M	141M	124M
Total Equity	1.05B	1.22B	904M	459M	-342M
Total Liabilities And Equity	3.97B	3.86B	3.5B	2.75B	1.49B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	208M	208M	199M	199M	199M
ECS Total Common Shares Outstanding	208M	208M	200M	199M	199M
Book Value / Share	4.32	5.12	3.76	1.59	-2.33
Tangible Book Value	-2.19B	-1.86B	-1.85B	-1.55B	-1.21B
Tangible Book Value Per Share	-10.52	-8.93	-9.22	-7.77	-6.08
Total Debt	1.68B	1.5B	1.4B	1.22B	1.17B
Net Debt	1.64B	1.46B	1.34B	1.16B	1.09B
Debt Equivalent of Unfunded Proj. Benefit Obligation	14.49M	-14.13M	-15.33M	-22.68M	-19.89M
Debt Equivalent Oper. Leases	108M	108M	117M	135M	141M
Minority Interest, Total (Incl. Fin. Div)	149M	153M	152M	141M	124M
Equity Method Investments, Total	22K	-	-	-	-
Account Code - Inventory Valuation	3	3	-	3	3
Film Contract & Broadcasting Rights - Long-Term, Total	-	-	-	-	-
Land - (BS)	34.56M	34.56M	34.46M	34.09M	33.2M
Buildings, Total	172M	161M	162M	164M	165M
Machinery, Total	278M	248M	269M	268M	280M
Full Time Employees	-	3.3K	3.34K	3.14K	2.61K
Accumulated Allowance for Doubtful Accounts (Supple)	5.73M	3.95M	3.16M	2.67M	3.18M

Fiscal Period: August	2020	2021	2022	2023	2024
Net Income	-625M	173M	-245M	-429M	-773M
Depreciation & Amortization - CF	44.84M	40.72M	39.21M	38.08M	37.1M
Amortization of Goodwill and Intangible Assets - (CF)	114M	112M	118M	120M	73.98M
Depreciation & Amortization, Total	159M	152M	157M	158M	111M
Amortization of Deferred Charges, Total - (CF)	516M	507M	584M	632M	495M
(Gain) Loss From Sale Of Asset	-	-	-	-142M	584K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	787M	-	350M	690M	960M
Stock-Based Compensation (CF)	1.11M	1.11M	1.26M	840K	861K
Other Operating Activities, Total	-549M	-508M	-553M	-795M	-704M
Change In Accounts Receivable	75.15M	-28.16M	23.58M	14.16M	60.64M
Change In Accounts Payable	-52.03M	44.45M	-48.82M	27.64M	-3.82M
Change In Income Taxes	26.47M	-18.3M	-20.44M	510K	-3.31M
Change in Other Net Operating Assets	-24.55M	-48.26M	-31.77M	-34.42M	-13.56M
Cash from Operations	313M	274M	217M	123M	131M
Capital Expenditure	-15.38M	-19.55M	-17.81M	-13.3M	-17.78M
Sale of Property, Plant, and Equipment	314K	316K	299K	736K	2.27M
Cash Acquisitions	-	-	3.61M	-	-4M
Divestitures	-	-	-	141M	-2.8M
Sale (Purchase) of Intangible assets	-3.93M	-10.29M	-4.4M	-3.33M	-1.34M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-	-	43.48M	-	-
Cash from Investing	-19M	-29.53M	25.17M	125M	-23.65M
Long-Term Debt Issued, Total	-	500M	250M	-	-
Total Debt Issued	-	500M	250M	-	-
Long-Term Debt Repaid, Total	-245M	-667M	-372M	-190M	-56.91M
Total Debt Repaid	-245M	-667M	-372M	-190M	-56.91M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-16.89M	-	-34.69M	-2.04M	-
Common Dividends Paid	-50.4M	-49.99M	-49.56M	-35.92M	-
Common & Preferred Stock Dividends Paid	-50.4M	-49.99M	-49.56M	-35.92M	-
Other Financing Activities, Total	-18.18M	-30.31M	-24.65M	-19.04M	-23.83M
Cash from Financing	-331M	-247M	-231M	-247M	-80.74M
Net Change in Cash	-36.67M	-2.22M	11.23M	1.25M	26.26M
Supplemental Items
Cash Interest Paid	69.26M	56.89M	61.24M	77.84M	65.84M
Cash Income Tax Paid (Refund)	33.49M	107M	64.26M	13.95M	6.37M
Levered Free Cash Flow	916M	818M	856M	851M	630M
Unlevered Free Cash Flow	988M	883M	923M	935M	697M
Change In Net Working Capital	-110M	-2.95M	-24.2M	-51.28M	-1.97M
Net Debt Issued / Repaid	-245M	-167M	-122M	-190M	-56.91M

Fiscal Period: August	2020	2021	2022	2023	2024
Profitability
Return on Assets	5.02	5.95	4.87	3.53	5.09
Return on Total Capital	6.98	8.54	7.14	5.54	8.6
Return On Equity %	-43.55	17.15	-21.86	-62.05	-1.31K
Return on Common Equity	-50.1	17.54	-26.94	-80.15	1.05K
Margin Analysis
Gross Profit Margin %	33.47	33.99	27.75	22.1	22.31
SG&A Margin	-	-	-	-	-
EBITDA Margin %	32.64	33.18	26.96	21.25	21.29
EBITA Margin %	30.5	31.35	25.3	19.58	19.39
EBIT Margin %	22.98	24.12	17.93	11.67	13.56
Income From Continuing Operations Margin %	-40.21	12.61	-14.53	-27.98	-60.35
Net Income Margin %	-41.38	11.18	-15.33	-28.37	-60.81
Net Avail. For Common Margin %	-41.38	11.18	-15.33	-28.37	-60.81
Normalized Net Income Margin	8.76	9.77	5.65	1.42	2.51
Levered Free Cash Flow Margin	60.61	53.02	53.56	56.29	49.58
Unlevered Free Cash Flow Margin	65.37	57.24	57.75	61.89	54.89
Asset Turnover
Asset Turnover	0.35	0.39	0.43	0.48	0.6
Fixed Assets Turnover	5.4	4.75	5.24	5.38	4.9
Receivables Turnover (Average Receivables)	4.96	5.44	5.37	5.43	5.24
Short Term Liquidity
Current Ratio	0.66	0.72	0.73	0.67	0.68
Quick Ratio	0.63	0.68	0.7	0.63	0.65
Operating Cash Flow to Current Liabilities	0.57	0.5	0.39	0.21	0.25
Days Sales Outstanding (Average Receivables)	73.79	67.05	68.03	67.2	69.79
Average Days Payable Outstanding	49.84	51.03	48.59	45.36	58.74
Long Term Solvency
Total Debt/Equity	160.33	123.09	154.43	265.46	-342.28
Total Debt / Total Capital	61.59	55.17	60.7	72.64	141.27
LT Debt/Equity	151.69	118.98	151.09	259.41	-335.22
Long-Term Debt / Total Capital	58.27	53.34	59.38	70.98	138.36
Total Liabilities / Total Assets	73.6	68.36	74.19	83.29	122.98
EBIT / Interest Expense	3.02	3.58	2.68	1.3	1.6
EBITDA / Interest Expense	4.39	5.04	4.14	2.47	2.63
(EBITDA - Capex) / Interest Expense	4.26	4.85	3.98	2.37	2.46
Total Debt / EBITDA	3.32	2.86	3.15	3.65	4.13
Net Debt / EBITDA	3.23	2.78	3.02	3.48	3.84
Total Debt / (EBITDA - Capex)	3.43	2.97	3.28	3.8	4.4
Net Debt / (EBITDA - Capex)	3.33	2.89	3.15	3.62	4.09
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-10.44	2.13	3.57	-5.46	-15.92
Gross Profit, 1 Yr. Growth %	-13.54	3.71	-15.44	-24.71	-15.14
EBITDA, 1 Yr. Growth %	-28.33	3.81	-15.82	-25.51	-15.74
EBITA, 1 Yr. Growth %	-29.65	4.97	-16.42	-26.83	-16.76
EBIT, 1 Yr. Growth %	-31.36	7.22	-23	-38.49	-2.27
Earnings From Cont. Operations, 1 Yr. Growth %	-436.37	-132.02	-219.36	82.08	81.33
Net Income, 1 Yr. Growth %	-500.66	-127.59	-242.02	74.95	80.22
Normalized Net Income, 1 Yr. Growth %	-38.73