Cash flow Gildan Activewear Inc.

Stocks

GIL

CA3759161035

Apparel & Accessories

Market Closed - Toronto S.E. Other stock markets 04:00:00 2026-07-17 pm EDT			5-day change	1st Jan Change
75.74 ^CAD	+0.65%		+1.90%	-11.71%

Jun. 18	Gildan Activewear Poised for Solid Q2 as Short-Seller Concerns Look Overstated, UBS Says	MT
Jun. 17	TSX pulls back from record high as Fed sees higher rates	RE

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Published financial data: GILDAN ACTIVEWEAR INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	2.92B	3.24B	3.2B	3.27B	3.62B
Total Revenues	2.92B	3.24B	3.2B	3.27B	3.62B
Cost of Goods Sold, Total	2.09B	2.28B	2.32B	2.27B	2.45B
Gross Profit	830M	959M	880M	1B	1.17B
Selling General & Admin Expenses, Total	314M	324M	330M	308M	387M
Provision for Bad Debts	-2.62M	2.15M	-	-	-
Other Operating Expenses, Total	312M	326M	330M	308M	387M
Operating Income	519M	632M	550M	696M	779M
Interest Expense, Total	-17.73M	-28.76M	-57.2M	-85.45M	-118M
Net Interest Expenses	-17.73M	-28.76M	-57.2M	-85.45M	-118M
Currency Exchange Gains (Loss)	-782K	2.33M	-153K	3.51M	2.41M
Other Non Operating Income (Expenses)	-8.82M	-10.52M	-22.31M	-22.21M	-36.79M
EBT, Excl. Unusual Items	491M	595M	470M	591M	626M
Restructuring Charges	-17.22M	521K	-45.76M	5.33M	-61.06M
Merger & Related Restructuring Charges	-	-	-	-	-94.92M
Impairment of Goodwill	-	-	-	-	-
Asset Writedown	31.46M	-62.29M	40.77M	-	-
Insurance Settlements	101M	32.9M	74.17M	-	-
Other Unusual Items	18.3M	-	25.01M	-82.7M	675K
EBT, Incl. Unusual Items	625M	566M	564M	514M	471M
Income Tax Expense	17.38M	24.89M	30.6M	113M	77.26M
Earnings From Continuing Operations	607M	542M	534M	401M	394M
Earnings Of Discontinued Operations	-	-	-	-	4.94M
Net Income to Company	607M	542M	534M	401M	399M
Net Income - (IS)	607M	542M	534M	401M	399M
Net Income to Common Incl Extra Items	607M	542M	534M	401M	399M
Net Income to Common Excl. Extra Items	607M	542M	534M	401M	394M
Per Share Items
Net EPS - Basic	3.08	2.94	3.03	2.46	2.61
Basic EPS - Continuing Operations	3.08	2.94	3.03	2.46	2.57
Basic Weighted Average Shares Outstanding	197M	184M	176M	163M	153M
Net EPS - Diluted	3.07	2.93	3.03	2.46	2.6
Diluted EPS - Continuing Operations	3.07	2.93	3.03	2.46	2.57
Diluted Weighted Average Shares Outstanding	198M	185M	176M	163M	153M
Normalized Basic EPS	1.56	2.02	1.67	2.27	2.56
Normalized Diluted EPS	1.55	2.02	1.67	2.27	2.56
Dividend Per Share	0.46	0.68	0.74	0.82	0.9
Payout Ratio	14.9	22.86	24.7	33.3	33.9
Supplemental Items
EBITDA	635M	737M	652M	815M	902M
EBITA	531M	646M	558M	704M	790M
EBIT	519M	632M	550M	696M	779M
EBITDAR	638M	741M	656M	818M	907M
Effective Tax Rate - (Ratio)	2.78	4.39	5.42	22.02	16.4
Total Current Taxes	18.34M	25.04M	20.46M	101M	81.92M
Total Deferred Taxes	-965K	-151K	10.15M	12.66M	-4.66M
Normalized Net Income	307M	372M	294M	370M	392M
Interest Capitalized	1.6M	2.3M	6.8M	-	-
Interest on Long-Term Debt	19.17M	31.02M	63.59M	85.02M	114M
Non-Cash Pension Expense	22.78M	28.91M	46.71M	23.26M	354K
Supplemental Operating Expense Items
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	-	-	-	-	-
Net Rental Expense, Total	3.3M	3.8M	3.2M	3.4M	4.4M
Imputed Operating Lease Interest Expense	551K	1.06M	1.53M	1.68M	1.3M
Imputed Operating Lease Depreciation	2.75M	2.74M	1.67M	1.72M	3.1M
Stock-Based Comp., SG&A Exp. (Total)	2.6M	2.6M	2.2M	5.1M	2.6M
Stock-Based Comp., Other (Total)	37.4M	32.2M	26.8M	64.3M	47.7M
Total Stock-Based Compensation	40M	34.8M	29M	69.4M	50.3M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	179M	150M	89.64M	98.8M	284M
Short Term Investments	70M	48.27M	45.14M	56.78M	69.23M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	249M	199M	135M	156M	354M
Accounts Receivable, Total	330M	249M	412M	542M	956M
Other Receivables	12.8M	-	-	-	-
Total Receivables	343M	249M	412M	542M	956M
Inventory	774M	1.23B	1.09B	1.11B	2.37B
Prepaid Expenses	18.11M	29.77M	35.02M	38.07M	67.54M
Other Current Assets, Total	62.76M	23.76M	15.8M	12.11M	963M
Total Current Assets	1.45B	1.73B	1.69B	1.86B	4.71B
Gross Property Plant And Equipment	2.16B	2.35B	2.48B	2.55B	3.07B
Accumulated Depreciation	-1.08B	-1.16B	-1.23B	-1.28B	-1.36B
Net Property Plant And Equipment	1.08B	1.19B	1.26B	1.27B	1.7B
Goodwill	284M	272M	272M	272M	869M
Other Intangibles, Total	307M	230M	261M	253M	3.02B
Deferred Tax Assets Long-Term	17.73M	16M	23.97M	21.8M	22.95M
Other Long-Term Assets, Total	3.76M	2.51M	14.31M	40.83M	140M
Total Assets	3.14B	3.44B	3.51B	3.72B	10.47B
Liabilities
Accounts Payable, Total	404M	381M	323M	398M	1.02B
Accrued Expenses, Total	13.58M	10.66M	13.88M	18.89M	21.03M
Short-term Borrowings	18.1M	26.9M	12.5M	11.6M	78.1M
Current Portion of Long-Term Debt	4.03M	150M	300M	300M	450M
Current Portion of Leases	15.29M	13.83M	14.16M	17.75M	59.76M
Current Income Taxes Payable	7.91M	6.64M	1.64M	29.67M	80.76M
Other Current Liabilities	268K	53.1M	58.52M	61.31M	526M
Total Current Liabilities	464M	642M	724M	837M	2.24B
Long-Term Debt	600M	780M	685M	1.24B	3.86B
Long-Term Leases	93.81M	80.16M	83.9M	99.67M	255M
Pension & Other Post Retirement Benefits	46.67M	45.51M	35.23M	37.67M	118M
Deferred Tax Liability Non Current	-	-	18.12M	28.63M	401M
Other Non Current Liabilities	13.19M	10.71M	11.08M	19.14M	29.43M
Total Liabilities	1.22B	1.56B	1.56B	2.26B	6.9B
Common Stock, Total	192M	202M	271M	269M	2.3B
Additional Paid In Capital	58.13M	79.49M	61.36M	69.92M	113M
Retained Earnings	1.6B	1.59B	1.61B	1.12B	1.17B
Comprehensive Income and Other	64.81M	9.84M	13.65M	-27K	-20.29M
Total Common Equity	1.92B	1.88B	1.96B	1.46B	3.56B
Total Equity	1.92B	1.88B	1.96B	1.46B	3.56B
Total Liabilities And Equity	3.14B	3.44B	3.51B	3.72B	10.47B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	190M	180M	169M	152M	185M
ECS Total Common Shares Outstanding	192M	180M	170M	152M	185M
Book Value / Share	9.98	10.47	11.52	9.56	19.24
Tangible Book Value	1.33B	1.38B	1.42B	932M	-328M
Tangible Book Value Per Share	6.91	7.68	8.38	6.11	-1.77
Total Debt	731M	1.05B	1.1B	1.66B	4.71B
Net Debt	482M	852M	961M	1.51B	4.35B
Debt Equivalent of Unfunded Proj. Benefit Obligation	42.93M	42.13M	31M	32.4M	111M
Debt Equivalent Oper. Leases	26.4M	30.4M	25.6M	27.2M	35.2M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	183M	252M	166M	170M	253M
Inventories - Work In Process, Total	53.48M	77.73M	57.94M	65.4M	145M
Inventories - Finished Goods, Total	538M	897M	866M	875M	1.97B
Land - (BS)	127M	131M	130M	129M	174M
Buildings, Total	583M	591M	601M	651M	767M
Machinery, Total	1.28B	1.38B	1.49B	1.61B	1.84B
Full Time Employees	48K	51K	43K	50K	80K
Accumulated Allowance for Doubtful Accounts (Supple)	13.7M	15.39M	11.16M	11.06M	11.09M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	607M	542M	534M	401M	399M
Depreciation & Amortization - CF	117M	106M	108M	125M	131M
Amortization of Goodwill and Intangible Assets - (CF)	12.82M	13.76M	8.28M	8.1M	11.27M
Depreciation & Amortization, Total	130M	120M	116M	133M	142M
Amortization of Deferred Charges, Total - (CF)	5.26M	5.4M	5.57M	5.14M	5.37M
(Gain) Loss From Sale Of Asset	-	-34.2M	-24.58M	-212K	4.16M
Asset Writedown & Restructuring Costs	-28.32M	59.03M	-22.63M	-10.95M	22.06M
Stock-Based Compensation (CF)	37.66M	32.39M	26.96M	49.13M	47.95M
Other Operating Activities, Total	-37.67M	-3.11M	-3.9M	-9.73M	-3.12M
Change In Accounts Receivable	-135M	77.94M	-162M	-134M	-87.32M
Change In Inventories	-33.74M	-449M	143M	-20.82M	-117M
Change In Accounts Payable	78.5M	35.46M	-58.99M	73.12M	154M
Change In Income Taxes	12.58M	-1.57M	-4.84M	27.59M	10.58M
Change in Other Net Operating Assets	-18.96M	29.92M	-1.96M	-11.44M	29.06M
Cash from Operations	618M	413M	547M	501M	606M
Capital Expenditure	-127M	-239M	-203M	-145M	-106M
Sale of Property, Plant, and Equipment	-	35.8M	-	-	-
Cash Acquisitions	-164M	-	-	-	-123M
Divestitures	-	-57K	-	-	-
Sale (Purchase) of Intangible assets	-2.77M	-5.43M	-4.72M	-5.02M	-7.37M
Other Investing Activities, Total	106M	26.41M	53.15M	38.24M	521K
Cash from Investing	-188M	-182M	-155M	-112M	-236M
Long-Term Debt Issued, Total	-	330M	300M	800M	3.03B
Total Debt Issued	-	330M	300M	800M	3.03B
Long-Term Debt Repaid, Total	-421M	-16.56M	-270M	-250M	-2.76B
Total Debt Repaid	-421M	-16.56M	-270M	-250M	-2.76B
Issuance of Common Stock	9.43M	14.97M	55.09M	6.86M	10.07M
Repurchase of Common Stock	-252M	-463M	-406M	-803M	-252M
Common Dividends Paid	-90.46M	-124M	-132M	-133M	-135M
Common & Preferred Stock Dividends Paid	-90.46M	-124M	-132M	-133M	-135M
Other Financing Activities, Total	-	-	-	-	-65.12M
Cash from Financing	-755M	-258M	-453M	-379M	-177M
Foreign Exchange Rate Adjustments	-942K	-1.64M	259K	-764K	2.91M
Net Change in Cash	-326M	-28.83M	-60.78M	9.16M	196M
Supplemental Items
Cash Interest Paid	22.2M	29.98M	66.4M	78.23M	108M
Cash Income Tax Paid (Refund)	5.74M	26.53M	24.34M	47.95M	29.46M
Levered Free Cash Flow	232M	-21.21M	172M	399M	-1.02B
Unlevered Free Cash Flow	243M	-3.23M	208M	452M	-943M
Change In Net Working Capital	127M	314M	78.01M	39.63M	1.51B
Net Debt Issued / Repaid	-421M	313M	30.11M	550M	265M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	10.53	12.02	9.88	12.03	6.86
Return on Total Capital	12.16	14.17	11.48	14.08	8.55
Return On Equity %	34.91	28.49	27.79	23.48	15.7
Return on Common Equity	34.91	28.49	27.79	23.48	15.7
Margin Analysis
Gross Profit Margin %	28.41	29.58	27.54	30.69	32.2
SG&A Margin	10.75	10	10.34	9.42	10.68
EBITDA Margin %	21.72	22.74	20.41	24.91	24.93
EBITA Margin %	18.19	19.94	17.46	21.52	21.83
EBIT Margin %	17.75	19.51	17.2	21.27	21.52
Income From Continuing Operations Margin %	20.78	16.71	16.7	12.26	10.88
Net Income Margin %	20.78	16.71	16.7	12.26	11.02
Net Avail. For Common Margin %	20.78	16.71	16.7	12.26	10.88
Normalized Net Income Margin	10.51	11.48	9.19	11.3	10.82
Levered Free Cash Flow Margin	7.93	-0.65	5.39	12.2	-28.08
Unlevered Free Cash Flow Margin	8.31	-0.1	6.51	13.83	-26.05
Asset Turnover
Asset Turnover	0.95	0.99	0.92	0.9	0.51
Fixed Assets Turnover	2.87	2.85	2.61	2.59	2.44
Receivables Turnover (Average Receivables)	11.1	11.2	9.67	6.85	4.83
Inventory Turnover (Average Inventory)	2.79	2.28	2	2.06	1.41
Short Term Liquidity
Current Ratio	3.12	2.69	2.33	2.22	2.11
Quick Ratio	1.28	0.7	0.76	0.83	0.59
Operating Cash Flow to Current Liabilities	1.33	0.64	0.75	0.6	0.27
Days Sales Outstanding (Average Receivables)	32.78	32.51	37.66	53.14	75.33
Days Outstanding Inventory (Average Inventory)	130.68	159.54	181.96	176.63	258.15
Average Days Payable Outstanding	59.09	49.03	58.79	57.4	69.53
Cash Conversion Cycle (Average Days)	104.37	143.01	160.83	172.36	263.95
Long Term Solvency
Total Debt/Equity	38.1	55.83	55.97	114.3	132.12
Total Debt / Total Capital	27.59	35.83	35.88	53.34	56.92
LT Debt/Equity	36.15	45.7	39.28	91.69	115.61
Long-Term Debt / Total Capital	26.18	29.33	25.18	42.78	49.81
Total Liabilities / Total Assets	38.81	45.29	44.31	60.79	65.96
EBIT / Interest Expense	29.26	21.98	9.61	8.14	6.61
EBITDA / Interest Expense	36.6	26.14	11.64	9.7	7.81
(EBITDA - Capex) / Interest Expense	29.41	17.82	8.08	8	6.91
Total Debt / EBITDA	1.13	1.4	1.65	2.01	5.11
Net Debt / EBITDA	0.74	1.13	1.44	1.82	4.73
Total Debt / (EBITDA - Capex)	1.4	2.05	2.37	2.44	5.78
Net Debt / (EBITDA - Capex)	0.92	1.66	2.08	2.21	5.34
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	47.51	10.88	-1.38	2.34	10.66
Gross Profit, 1 Yr. Growth %	329.58	15.45	-8.28	14.45	16.1
EBITDA, 1 Yr. Growth %	1.89K	16.1	-11.6	24.25	10.77
EBITA, 1 Yr. Growth %	-762.7	21.55	-13.77	25.41	12.26
EBIT, 1 Yr. Growth %	-648.84	21.9	-13.2	25.82	11.95
Earnings From Cont. Operations, 1 Yr. Growth %	-369.52	-10.81	-1.47	-24.87	-1.73
Net Income, 1 Yr. Growth %	-369.52	-10.81	-1.47	-24.87	-0.5
Normalized Net Income, 1 Yr. Growth %	-443.51	21.16	-21.18	24.99	5.92
Diluted EPS Before Extra, 1 Yr. Growth %	-369.3	-4.56	3.41	-18.81	4.47
Accounts Receivable, 1 Yr. Growth %	67.94	-24.6	65.8	31.48	76.21
Inventory, 1 Yr. Growth %	6.37	58.32	-11.13	1.94	113.42
Net Property, Plant and Equip., 1 Yr. Growth %	12.68	10.73	5.27	1.02	34.18
Total Assets, 1 Yr. Growth %	3.83	9.68	2.17	5.7	181.69
Tangible Book Value, 1 Yr. Growth %	25.1	3.88	3.17	-34.59	-135.21
Common Equity, 1 Yr. Growth %	23.13	-1.94	4	-25.58	144.55
Cash From Operations, 1 Yr. Growth %	48.79	-33.04	32.19	-8.27	20.93
Capital Expenditures, 1 Yr. Growth %	151.54	87.61	-14.99	-28.51	-26.76
Levered Free Cash Flow, 1 Yr. Growth %	-42.3	-108.85	-937.61	128.75	-364.96
Unlevered Free Cash Flow, 1 Yr. Growth %	-42.55	-101.29	-8.09K	115.25	-315.72
Dividend Per Share, 1 Yr. Growth %	-	46.32	10.06	10.22	10.24
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.73	27.89	4.57	0.46	6.42
Gross Profit, 2 Yr. CAGR %	5.89	122.7	2.96	2.28	15.27
EBITDA, 2 Yr. CAGR %	11.5	380.44	1.37	5.06	17.31
EBITA, 2 Yr. CAGR %	16.8	183.82	2.46	4.29	18.65
EBIT, 2 Yr. CAGR %	18.03	158.66	2.95	4.81	18.68
Earnings From Cont. Operations, 2 Yr. CAGR %	52.87	55.04	-6.26	-13.96	-14.08
Net Income, 2 Yr. CAGR %	52.87	55.04	-6.26	-13.96	-13.54
Normalized Net Income, 2 Yr. CAGR %	21.44	104.01	-2.19	-0.41	15.06
Diluted EPS Before Extra, 2 Yr. CAGR %	55.48	60.32	-0.65	-8.37	-7.9
Accounts Receivable, 2 Yr. CAGR %	1.4	12.53	11.81	47.65	52.21
Inventory, 2 Yr. CAGR %	-14.21	29.77	18.61	-4.82	47.5
Net Property, Plant and Equip., 2 Yr. CAGR %	0.42	11.7	7.96	3.12	16.43
Total Assets, 2 Yr. CAGR %	-1.17	6.71	5.86	3.92	72.55
Tangible Book Value, 2 Yr. CAGR %	4.25	14	3.53	-17.85	-52.01
Common Equity, 2 Yr. CAGR %	2.29	9.88	0.99	-12.03	34.9
Cash From Operations, 2 Yr. CAGR %	30.78	-0.19	-5.92	10.12	5.32
Capital Expenditures, 2 Yr. CAGR %	-0.47	117.24	26.29	-22.04	-27.64
Levered Free Cash Flow, 2 Yr. CAGR %	12.47	-77.02	-15.2	340.26	141.4
Unlevered Free Cash Flow, 2 Yr. CAGR %	9.3	-91.26	-8.9	1.22K	111.79
Dividend Per Share, 2 Yr. CAGR %	-8.84	-	26.9	10.14	10.23
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.16	4.69	17.28	3.82	3.75
Gross Profit, 3 Yr. CAGR %	0.99	8.98	65.75	6.53	6.69
EBITDA, 3 Yr. CAGR %	2.41	13.01	173.38	8.66	6.93
EBITA, 3 Yr. CAGR %	4.91	18.36	90.9	9.81	6.88
EBIT, 3 Yr. CAGR %	5.84	19.3	79.84	10.28	7.14
Earnings From Cont. Operations, 3 Yr. CAGR %	20.07	27.74	33.3	-12.93	-10.06
Net Income, 3 Yr. CAGR %	20.07	27.74	33.3	-12.93	-9.69
Normalized Net Income, 3 Yr. CAGR %	6.53	21.35	48.67	6.38	1.66
Diluted EPS Before Extra, 3 Yr. CAGR %	22.77	32.14	38.52	-7.12	-4.28
Accounts Receivable, 3 Yr. CAGR %	1.33	-8.14	28.05	18.02	56.61
Inventory, 3 Yr. CAGR %	-6.26	5.23	14.38	12.77	24.58
Net Property, Plant and Equip., 3 Yr. CAGR %	2.85	3.75	9.51	5.6	12.58
Total Assets, 3 Yr. CAGR %	1.44	2.32	5.18	5.8	44.9
Tangible Book Value, 3 Yr. CAGR %	0.35	4.13	10.27	-11.17	-38.06
Common Equity, 3 Yr. CAGR %	-0.29	0.86	7.88	-8.79	23.7
Cash From Operations, 3 Yr. CAGR %	4.67	4.63	9.61	-6.71	13.61
Capital Expenditures, 3 Yr. CAGR %	5.79	22.94	58.9	4.47	-23.65
Levered Free Cash Flow, 3 Yr. CAGR %	-9.26	-51.26	-24.56	18.5	266.86
Unlevered Free Cash Flow, 3 Yr. CAGR %	-9.34	-74.85	-21.03	21.72	612.46
Dividend Per Share, 3 Yr. CAGR %	-0.57	6.73	-	21.08	10.17
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.48	3.33	1.9	2.98	12.81
Gross Profit, 5 Yr. CAGR %	2.9	3.65	1.77	6.27	43.24
EBITDA, 5 Yr. CAGR %	4.04	4.86	2	9.79	95.09
EBITA, 5 Yr. CAGR %	5.78	7.76	3.92	12.55	58.01
EBIT, 5 Yr. CAGR %	6.24	8.32	4.67	13.32	52.47
Earnings From Cont. Operations, 5 Yr. CAGR %	11.86	8.37	8.75	9.06	11.83
Net Income, 5 Yr. CAGR %	11.86	8.37	8.75	9.06	12.1
Normalized Net Income, 5 Yr. CAGR %	6.21	8.29	2.95	12.16	34.37
Diluted EPS Before Extra, 5 Yr. CAGR %	15.87	12.72	12.8	14.14	17.65
Accounts Receivable, 5 Yr. CAGR %	3.51	0.44	5.4	11.06	37.21
Inventory, 5 Yr. CAGR %	-4.1	5.33	2.99	1.09	26.63
Net Property, Plant and Equip., 5 Yr. CAGR %	0.01	2.87	4.86	3.5	12.23
Total Assets, 5 Yr. CAGR %	0.96	2.91	3.19	2.96	28.21
Tangible Book Value, 5 Yr. CAGR %	-3.2	-0.61	1.61	-5.29	-20.94
Common Equity, 5 Yr. CAGR %	-1.97	-1.71	0.22	-4.51	17.97
Cash From Operations, 5 Yr. CAGR %	2.8	-7.58	0.3	6.79	7.88
Capital Expenditures, 5 Yr. CAGR %	-0.3	21.06	13.56	2.46	16
Levered Free Cash Flow, 5 Yr. CAGR %	9.2	-44.81	-11.08	16.85	20.41
Unlevered Free Cash Flow, 5 Yr. CAGR %	9.07	-62.32	-8.57	17.36	17.4
Dividend Per Share, 5 Yr. CAGR %	7.12	11.49	9.62	8.08	-