Cash flow K-Bro Linen Inc.

Equities

KBL

CA48243M1077

Business Support Services

Market Closed - Toronto S.E. Other stock markets 04:00:00 2025-01-23 pm EST			5-day change	1st Jan Change
37.11 ^CAD	+0.41%		+4.24%	-2.03%

Nov. 14	K-Bro Linen Inc., Q3 2024 Earnings Call, Nov 14, 2024
Nov. 13	Tranche Update on K-Bro Linen Inc.'s Equity Buyback Plan announced on May 16, 2024.	CI

5daa72fc3a8c.i-UOWPlLWRc94IVbNm_Gn3vvqbnICeTfIo7ojMC4JXc.5oRIIrYGFC5Nmc4LRhb-rE6EmIusP66ZVNbd5pDzdga4jkworiE3c3mo6g

Published financial data: K-BRO LINEN INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	252M	197M	224M	277M	321M
Total Revenues	252M	197M	224M	277M	321M
Cost of Goods Sold, Total	160M	127M	146M	187M	206M
Gross Profit	91.94M	69.27M	78.27M	89.22M	114M
Selling General & Admin Expenses, Total	44.38M	38.38M	39.23M	52.73M	57.94M
Depreciation & Amortization - (IS)	24.7M	24.05M	23.62M	23.77M	26.67M
Amortization of Goodwill and Intangible Assets - (IS)	3.26M	3.84M	3.24M	2.3M	625K
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	72.34M	66.27M	66.09M	78.8M	85.23M
Operating Income	19.6M	3M	12.18M	10.42M	29.26M
Interest Expense, Total	-5.37M	-3.63M	-2.96M	-3.83M	-6.3M
Net Interest Expenses	-5.37M	-3.63M	-2.96M	-3.83M	-6.3M
Other Non Operating Income (Expenses)	-430K	-327K	-487K	-1.15M	-351K
EBT, Excl. Unusual Items	13.8M	-957K	8.73M	5.44M	22.61M
Restructuring Charges	-	-1.85M	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-688K
Impairment of Goodwill	-	-3.18M	-	-	-
Gain (Loss) On Sale Of Assets	8K	5K	-	-	-
Asset Writedown	-	-2.34M	-	-	-
Other Unusual Items	-	14.72M	3.75M	-	945K
EBT, Incl. Unusual Items	13.81M	6.4M	12.48M	5.44M	22.86M
Income Tax Expense	2.9M	2.62M	3.79M	1.54M	5.26M
Earnings From Continuing Operations	10.91M	3.78M	8.69M	3.91M	17.61M
Net Income to Company	10.91M	3.78M	8.69M	3.91M	17.61M
Net Income - (IS)	10.91M	3.78M	8.69M	3.91M	17.61M
Net Income to Common Incl Extra Items	10.91M	3.78M	8.69M	3.91M	17.61M
Net Income to Common Excl. Extra Items	10.91M	3.78M	8.69M	3.91M	17.61M
Per Share Items
Net EPS - Basic	1.04	0.36	0.82	0.37	1.65
Basic EPS - Continuing Operations	1.04	0.36	0.82	0.37	1.65
Basic Weighted Average Shares Outstanding	10.51M	10.56M	10.61M	10.66M	10.66M
Net EPS - Diluted	1.03	0.36	0.81	0.36	1.64
Diluted EPS - Continuing Operations	1.03	0.36	0.81	0.36	1.64
Diluted Weighted Average Shares Outstanding	10.57M	10.63M	10.69M	10.74M	10.73M
Normalized Basic EPS	0.82	-0.06	0.51	0.32	1.32
Normalized Diluted EPS	0.82	-0.06	0.51	0.32	1.32
Dividend Per Share	1.2	1.2	1.2	1.2	1.2
Payout Ratio	116.48	337.78	147.74	330.34	73.33
Distributable Cash per Share (Diluted)	-	-	-	-	-
Distributable Cash Shares (Diluted)	-	-	-	-	-
Distributable Cash Payout Ratio (Income Trusts)	42.92	40.88	46.75	65.95	39.84
Supplemental Items
EBITDA	47.56M	30.89M	39.04M	36.49M	56.55M
EBITA	22.86M	6.84M	15.42M	12.73M	29.88M
EBIT	19.6M	3M	12.18M	10.42M	29.26M
EBITDAR	52.05M	34.91M	42.96M	41.03M	61.98M
Effective Tax Rate - (Ratio)	21.01	40.9	30.35	28.25	22.99
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	1.72M	1.23M	3.66M	1.44M	4M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	1.18M	1.38M	126K	97K	1.25M
Normalized Net Income	8.62M	-598K	5.46M	3.4M	14.13M
Distributable Cash	29.61M	31.27M	27.48M	19.57M	32.37M
Interest on Long-Term Debt	5.37M	3.63M	2.96M	3.83M	6.3M
Supplemental Operating Expense Items
Selling and Marketing Expenses	28.79M	23M	25.61M	37.33M	38.75M
General and Administrative Expenses	11.1M	11.36M	9.7M	10.87M	13.76M
Net Rental Expense, Total	4.48M	4.02M	3.92M	4.54M	5.43M
Imputed Operating Lease Interest Expense	2.11M	1.19M	1.02M	1.43M	2.46M
Imputed Operating Lease Depreciation	2.37M	2.83M	2.9M	3.1M	2.97M
Maintenance & Repair Expenses, Total	8.76M	7.01M	7.7M	10.42M	12.76M
Stock-Based Comp., Other (Total)	1.81M	1.8M	1.85M	1.79M	1.8M
Total Stock-Based Compensation	1.81M	1.8M	1.85M	1.79M	1.8M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	5.3M	2.42M	1.11M	2.64M	5.86M
Total Cash And Short Term Investments	5.3M	2.42M	1.11M	2.64M	5.86M
Accounts Receivable, Total	34.9M	28.11M	36.85M	37.76M	50.31M
Other Receivables	-	370K	-	1.92M	-
Total Receivables	34.9M	28.48M	36.85M	39.68M	50.31M
Prepaid Expenses	4.33M	4.23M	4.48M	6.39M	7.44M
Other Current Assets, Total	26.04M	31.55M	31.34M	32.08M	36.01M
Total Current Assets	70.57M	66.67M	73.77M	80.78M	99.61M
Gross Property Plant And Equipment	329M	336M	364M	376M	406M
Accumulated Depreciation	-103M	-127M	-150M	-173M	-199M
Net Property Plant And Equipment	226M	209M	214M	203M	207M
Goodwill	41.45M	38.5M	38.23M	37.37M	48.9M
Other Intangibles, Total	13.7M	9.98M	6.99M	4.43M	9.41M
Total Assets	352M	324M	333M	326M	365M
Liabilities
Accounts Payable, Total	26.65M	24.31M	29.24M	31.81M	37.81M
Current Portion of Leases	8.3M	8.3M	9.21M	9.62M	12.02M
Current Income Taxes Payable	1.51M	2.62M	1.6M	-	2.09M
Unearned Revenue Current, Total	-	1.26M	810K	-	-
Other Current Liabilities	3.1M	2.26M	2.65M	2.05M	5.59M
Total Current Liabilities	39.55M	38.75M	43.5M	43.47M	57.51M
Long-Term Debt	62.49M	40.66M	37.97M	45.17M	70.25M
Long-Term Leases	38.53M	37.7M	47.73M	44.04M	41.28M
Unearned Revenue Non Current	-	406K	-	-	-
Deferred Tax Liability Non Current	12.59M	14M	14.1M	14.15M	18.29M
Other Non Current Liabilities	2.84M	2.79M	2.81M	2.38M	2.96M
Total Liabilities	156M	134M	146M	149M	190M
Common Stock, Total	203M	205M	207M	208M	206M
Additional Paid In Capital	2.24M	2.28M	2.34M	2.32M	2.25M
Retained Earnings	-10.08M	-19.08M	-23.23M	-32.23M	-27.52M
Treasury Stock	-	-	-	-	-6.59M
Comprehensive Income and Other	778K	1.43M	636K	-2.01M	-167K
Total Common Equity	196M	190M	186M	177M	174M
Total Equity	196M	190M	186M	177M	174M
Total Liabilities And Equity	352M	324M	333M	326M	365M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	10.54M	10.6M	10.64M	10.71M	10.51M
ECS Total Common Shares Outstanding	10.54M	10.6M	10.64M	10.71M	10.56M
Book Value / Share	18.6	17.88	17.52	16.49	16.52
Tangible Book Value	141M	141M	141M	135M	116M
Tangible Book Value Per Share	13.37	13.31	13.27	12.58	11
Total Debt	109M	86.66M	94.91M	98.82M	124M
Net Debt	104M	84.24M	93.8M	96.19M	118M
Debt Equivalent Oper. Leases	35.86M	32.2M	31.34M	36.28M	43.46M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	4.04M	4.06M	4.04M	3.31M	3.34M
Buildings, Total	61.66M	61.6M	78.26M	77.6M	82.11M
Machinery, Total	201M	208M	215M	233M	257M
Full Time Employees	2.7K	2K	2.55K	2.82K	3.05K
Accumulated Allowance for Doubtful Accounts (Supple)	94K	267K	143K	144K	178K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	10.91M	3.78M	8.69M	3.91M	17.61M
Depreciation & Amortization - CF	24.7M	24.05M	23.62M	23.77M	26.67M
Amortization of Goodwill and Intangible Assets - (CF)	3.26M	3.84M	3.24M	2.3M	625K
Depreciation & Amortization, Total	27.96M	27.88M	26.86M	26.07M	27.29M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-8K	-5K	-	-	-
Asset Writedown & Restructuring Costs	-	5.52M	-	-	-
Stock-Based Compensation (CF)	1.81M	1.8M	1.85M	1.79M	1.8M
Other Operating Activities, Total	1.38M	948K	183K	-11K	421K
Change In Accounts Receivable	-1.51M	6.85M	-8.82M	-1.25M	-9.98M
Change In Accounts Payable	-1.76M	-1.53M	4.84M	1.71M	3.11M
Change In Income Taxes	5.11M	749K	-660K	-3.51M	4M
Change in Other Net Operating Assets	38K	-3.6M	-1.07M	-2.57M	-3.25M
Cash from Operations	43.92M	42.4M	31.88M	26.13M	41M
Capital Expenditure	-12.94M	-4.42M	-10.13M	-11.37M	-11.49M
Sale of Property, Plant, and Equipment	51K	7K	-	33K	1K
Cash Acquisitions	-	-	-	-	-22.28M
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-1.44M	-	-360K	-88K	-493K
Cash from Investing	-14.33M	-4.41M	-10.49M	-11.42M	-34.26M
Long-Term Debt Issued, Total	-	-	-	7.19M	25.08M
Total Debt Issued	-	-	-	7.19M	25.08M
Long-Term Debt Repaid, Total	-14.4M	-28.06M	-9.85M	-7.4M	-9.39M
Total Debt Repaid	-14.4M	-28.06M	-9.85M	-7.4M	-9.39M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-6.5M
Common Dividends Paid	-12.7M	-12.78M	-12.84M	-12.9M	-12.91M
Common & Preferred Stock Dividends Paid	-12.7M	-12.78M	-12.84M	-12.9M	-12.91M
Cash from Financing	-27.1M	-40.83M	-22.69M	-13.11M	-3.72M
Foreign Exchange Rate Adjustments	-9K	-34K	5K	-72K	196K
Net Change in Cash	2.47M	-2.88M	-1.31M	1.53M	3.22M
Supplemental Items
Maintenance CAPEX	3.94M	632K	1.09M	2.99M	3.56M
Cash Interest Paid	5.46M	3.85M	3.12M	4.6M	6.32M
Cash Income Tax Paid (Refund)	228K	518K	4.6M	4.96M	-
Levered Free Cash Flow	22.27M	25.08M	19.42M	14.6M	27.47M
Unlevered Free Cash Flow	25.62M	27.35M	21.27M	17M	31.41M
Change In Net Working Capital	2.02M	-213K	4.56M	5.92M	3.98M
Net Debt Issued / Repaid	-14.4M	-28.06M	-9.85M	-204K	15.69M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.63	0.56	2.32	1.98	5.3
Return on Total Capital	4.25	0.65	2.73	2.34	6.38
Return On Equity %	5.53	1.96	4.62	2.15	10.03
Return on Common Equity	5.53	1.96	4.62	2.15	10.03
Margin Analysis
Gross Profit Margin %	36.43	35.24	34.94	32.25	35.68
SG&A Margin	17.58	19.52	17.51	19.06	18.06
EBITDA Margin %	18.84	15.71	17.43	13.19	17.62
EBITA Margin %	9.06	3.48	6.88	4.6	9.31
EBIT Margin %	7.77	1.53	5.44	3.77	9.12
Income From Continuing Operations Margin %	4.32	1.92	3.88	1.41	5.49
Net Income Margin %	4.32	1.92	3.88	1.41	5.49
Net Avail. For Common Margin %	4.32	1.92	3.88	1.41	5.49
Normalized Net Income Margin	3.42	-0.3	2.44	1.23	4.4
Levered Free Cash Flow Margin	8.82	12.76	8.67	5.28	8.56
Unlevered Free Cash Flow Margin	10.15	13.91	9.5	6.14	9.79
Asset Turnover
Asset Turnover	0.75	0.58	0.68	0.84	0.93
Fixed Assets Turnover	1.2	0.9	1.06	1.33	1.57
Receivables Turnover (Average Receivables)	7.38	6.24	6.9	7.42	7.29
Short Term Liquidity
Current Ratio	1.78	1.72	1.7	1.86	1.73
Quick Ratio	1.02	0.8	0.87	0.97	0.98
Operating Cash Flow to Current Liabilities	1.11	1.09	0.73	0.6	0.71
Days Sales Outstanding (Average Receivables)	49.48	58.65	52.92	49.22	50.09
Average Days Payable Outstanding	62.79	73.25	67.06	59.45	61.56
Long Term Solvency
Total Debt/Equity	55.76	45.73	50.92	55.98	70.83
Total Debt / Total Capital	35.8	31.38	33.74	35.89	41.46
LT Debt/Equity	51.53	41.35	45.98	50.53	63.93
Long-Term Debt / Total Capital	33.08	28.38	30.47	32.4	37.43
Total Liabilities / Total Assets	44.31	41.48	43.94	45.81	52.17
EBIT / Interest Expense	3.65	0.83	4.11	2.72	4.65
EBITDA / Interest Expense	8.85	8.5	13.18	9.54	8.98
(EBITDA - Capex) / Interest Expense	6.45	7.28	9.76	6.56	7.15
Total Debt / EBITDA	2.3	2.81	2.43	2.71	2.18
Net Debt / EBITDA	2.19	2.73	2.4	2.64	2.08
Total Debt / (EBITDA - Capex)	3.16	3.27	3.28	3.93	2.74
Net Debt / (EBITDA - Capex)	3	3.18	3.24	3.83	2.61
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	5.38	-22.11	13.94	23.5	16
Gross Profit, 1 Yr. Growth %	13.28	-24.66	13.49	13.99	28.32
EBITDA, 1 Yr. Growth %	60.54	-35.06	27.45	-6.54	54.96
EBITA, 1 Yr. Growth %	66.17	-70.08	134.06	-17.47	134.79
EBIT, 1 Yr. Growth %	82.27	-84.67	342.7	-14.44	180.65
Earnings From Cont. Operations, 1 Yr. Growth %	76.79	-65.32	129.83	-55.06	350.77
Net Income, 1 Yr. Growth %	76.79	-65.32	129.83	-55.06	350.77
Normalized Net Income, 1 Yr. Growth %	85.51	-106.94	-822.42	-37.67	315.25
Diluted EPS Before Extra, 1 Yr. Growth %	74.75	-65.5	128.37	-55.23	355.56
Accounts Receivable, 1 Yr. Growth %	4.07	-19.46	31.09	2.48	33.22
Net Property, Plant and Equip., 1 Yr. Growth %	16.52	-7.81	2.33	-4.84	1.78
Total Assets, 1 Yr. Growth %	9.26	-8.02	2.69	-2.03	11.96
Tangible Book Value, 1 Yr. Growth %	-0.24	0.09	0.11	-4.56	-13.82
Common Equity, 1 Yr. Growth %	-1.31	-3.34	-1.64	-5.29	-1.2
Cash From Operations, 1 Yr. Growth %	150.18	-3.46	-24.82	-18.02	56.93
Capital Expenditures, 1 Yr. Growth %	-64.57	-65.85	129.23	12.22	1.08
Levered Free Cash Flow, 1 Yr. Growth %	-200.16	12.64	-22.09	-24.79	88.1
Unlevered