Cash flow Loblaw Companies Limited

Equities

L

CA5394811015

Food Retail & Distribution

Market Closed - Toronto S.E. Other stock markets 04:17:13 2025-01-24 pm EST			5-day change	1st Jan Change
186.54 ^CAD	-0.33%		+2.86%	-1.39%

Jan. 20	Canadian Tire Says Darren Myers To Take Over As CFO, Effective April 1	MT
Jan. 16	Empire Company to Remove Property Control For Crowsnest Pass, Alberta After Investigation	MT

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Published financial data: LOBLAW COMPANIES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	48.04B	52.71B	53.17B	56.5B	57.99B
Finance Div. Revenues	-	-	-	-	1.54B
Total Revenues	48.04B	52.71B	53.17B	56.5B	59.53B
Cost of Goods Sold, Total	33.28B	36.72B	36.44B	38.53B	40.26B
Finance Div. Operating Exp.	-	-	-	-	230M
Interest Expense - Finance Division	-	-	-	84M	143M
Gross Profit	14.76B	15.99B	16.73B	17.89B	18.89B
Selling General & Admin Expenses, Total	12.41B	13.62B	13.77B	14.58B	15.32B
Other Operating Expenses, Total	12.41B	13.62B	13.77B	14.58B	15.32B
Operating Income	2.35B	2.37B	2.97B	3.31B	3.58B
Interest Expense, Total	-758M	-744M	-683M	-599M	-660M
Interest And Investment Income	18M	10M	7M	-	-
Net Interest Expenses	-740M	-734M	-676M	-599M	-660M
Other Non Operating Income (Expenses)	-	-	189M	-	-
EBT, Excl. Unusual Items	1.61B	1.64B	2.48B	2.71B	2.92B
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-	-	-16M	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-83M	-17M	-39M	-34M	-17M
Legal Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	1.52B	1.62B	2.44B	2.66B	2.9B
Income Tax Expense	392M	431M	466M	665M	714M
Earnings From Continuing Operations	1.13B	1.19B	1.98B	1.99B	2.19B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	1.13B	1.19B	1.98B	1.99B	2.19B
Minority Interest	-50M	-84M	-101M	-73M	-87M
Net Income - (IS)	1.08B	1.11B	1.88B	1.92B	2.1B
Preferred Dividend and Other Adjustments	12M	12M	12M	12M	12M
Net Income to Common Incl Extra Items	1.07B	1.1B	1.86B	1.91B	2.09B
Net Income to Common Excl. Extra Items	1.07B	1.1B	1.86B	1.91B	2.09B
Per Share Items
Net EPS - Basic	2.93	3.08	5.49	5.82	6.59
Basic EPS - Continuing Operations	2.93	3.08	5.49	5.82	6.59
Basic Weighted Average Shares Outstanding	365M	355M	339M	328M	317M
Net EPS - Diluted	2.9	3.06	5.45	5.75	6.52
Diluted EPS - Continuing Operations	2.9	3.06	5.45	5.75	6.52
Diluted Weighted Average Shares Outstanding	368M	358M	342M	332M	320M
Normalized Basic EPS	2.61	2.65	4.27	4.94	5.48
Normalized Diluted EPS	2.59	2.63	4.24	4.88	5.43
Dividend Per Share	1.24	1.28	1.4	1.58	1.74
Payout Ratio	42.55	52.35	25.81	27.54	26.76
Supplemental Items
EBITDA	3.55B	3.72B	4.31B	4.7B	5.01B
EBITA	2.85B	2.88B	3.46B	3.81B	4.1B
EBIT	2.35B	2.37B	2.97B	3.31B	3.58B
EBITDAR	3.95B	4.13B	4.73B	5.11B	5.45B
Effective Tax Rate - (Ratio)	25.74	26.56	19.08	25.01	24.61
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	530M	510M	572M	793M	969M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-138M	-79M	-106M	-128M	-255M
Normalized Net Income	954M	941M	1.45B	1.62B	1.74B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	707M	692M	639M	658M	728M
Non-Cash Pension Expense	12M	3M	5M	-8M	5M
Supplemental Operating Expense Items
Net Rental Expense, Total	403M	414M	419M	412M	435M
Imputed Operating Lease Interest Expense	188M	147M	138M	142M	162M
Imputed Operating Lease Depreciation	215M	267M	281M	270M	273M
Stock-Based Comp., Other (Total)	45M	49M	59M	69M	72M
Total Stock-Based Compensation	45M	49M	59M	69M	72M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.13B	1.67B	1.98B	1.61B	1.49B
Short Term Investments	57M	269M	464M	326M	464M
Trading Asset Securities, Total	-	-	1M	1M	-
Total Cash And Short Term Investments	1.19B	1.94B	2.44B	1.94B	1.95B
Accounts Receivable, Total	4.81B	4.1B	4.39B	5.15B	5.43B
Other Receivables	-	-	301M	-	-
Total Receivables	4.81B	4.1B	4.69B	5.15B	5.43B
Inventory	5.08B	5.2B	5.17B	5.86B	5.82B
Prepaid Expenses	125M	213M	243M	333M	314M
Other Current Assets, Total	111M	111M	96M	100M	62M
Total Current Assets	11.31B	11.55B	12.64B	13.38B	13.58B
Gross Property Plant And Equipment	22.81B	24.44B	26.1B	28.35B	30.96B
Accumulated Depreciation	-9.96B	-11.69B	-13.48B	-15.25B	-16.95B
Net Property Plant And Equipment	12.85B	12.75B	12.62B	13.1B	14.01B
Long-term Investments	22M	118M	127M	399M	396M
Goodwill	3.95B	3.95B	3.95B	4.32B	4.35B
Other Intangibles, Total	7.32B	6.87B	6.4B	6.5B	5.99B
Accounts Receivable Long-Term	114M	93M	78M	77M	68M
Loans Receivable Long-Term	19M	-	-	-	-
Deferred Tax Assets Long-Term	169M	113M	91M	86M	125M
Other Long-Term Assets, Total	555M	430M	708M	276M	461M
Total Assets	36.31B	35.87B	36.61B	38.15B	38.98B
Liabilities
Accounts Payable, Total	5.31B	5.37B	5.43B	6.21B	6.2B
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	743M	661M	502M	8M	13M
Current Portion of Long-Term Debt	1.13B	597M	1B	-	400M
Current Portion of Leases	1.42B	1.38B	1.3B	1.4B	1.46B
Finance Division Debt Current	-	-	-	1.43B	1.64B
Finance Division Other Current Liabilities, Total	-	-	-	125M	166M
Current Income Taxes Payable	27M	83M	153M	195M	240M
Unearned Revenue Current, Total	191M	194M	190M	180M	123M
Other Current Liabilities	405M	476M	620M	551M	607M
Total Current Liabilities	9.23B	8.76B	9.2B	10.1B	10.85B
Long-Term Debt	5.97B	6.45B	6.21B	4.87B	4.46B
Long-Term Leases	7.69B	7.52B	7.54B	7.71B	8B
Finance Division Debt Non Current	-	-	-	2.19B	2.2B
Pension & Other Post Retirement Benefits	439M	448M	404M	343M	370M
Deferred Tax Liability Non Current	1.54B	1.38B	1.35B	1.28B	1.13B
Other Non Current Liabilities	121M	193M	178M	201M	347M
Total Liabilities	24.99B	24.75B	24.88B	26.69B	27.36B
Preferred Stock Redeemable	221M	221M	221M	221M	221M
Total Preferred Equity	221M	221M	221M	221M	221M
Common Stock, Total	7.04B	6.82B	6.63B	6.46B	6.26B
Additional Paid In Capital	100M	109M	116M	122M	136M
Retained Earnings	3.82B	3.81B	4.59B	4.46B	4.82B
Comprehensive Income and Other	47M	21M	14M	30M	35M
Total Common Equity	11.01B	10.77B	11.35B	11.08B	11.24B
Minority Interest	87M	131M	164M	157M	155M
Total Equity	11.32B	11.12B	11.74B	11.46B	11.62B
Total Liabilities And Equity	36.31B	35.87B	36.61B	38.15B	38.98B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	359M	347M	333M	323M	309M
ECS Total Common Shares Outstanding	359M	347M	333M	323M	309M
Book Value / Share	30.68	31.06	34.1	34.31	36.35
Tangible Book Value	-255M	-51M	1B	250M	900M
Tangible Book Value Per Share	-0.71	-0.15	3.01	0.77	2.91
Total Debt	16.95B	16.61B	16.55B	17.61B	18.17B
Net Debt	15.76B	14.67B	14.11B	15.67B	16.22B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-63M	-2M	-320M	-193M	-181M
Debt Equivalent Oper. Leases	3.22B	3.31B	3.35B	3.3B	3.48B
Minority Interest, Total (Incl. Fin. Div)	87M	131M	164M	157M	155M
Equity Method Investments, Total	-	61M	73M	87M	80M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Others	5.11B	5.23B	5.23B	5.9B	5.87B
Land - (BS)	219M	224M	218M	208M	189M
Buildings, Total	1.78B	1.78B	1.83B	1.87B	1.7B
Machinery, Total	8.21B	8.8B	9.34B	9.96B	10.74B
Full Time Employees	194K	220K	-	221K	220K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	220M	257M	228M	237M	292M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.08B	1.11B	1.88B	1.92B	2.1B
Depreciation & Amortization - CF	1.65B	1.8B	1.83B	1.91B	1.98B
Amortization of Goodwill and Intangible Assets - (CF)	502M	502M	497M	506M	517M
Depreciation & Amortization, Total	2.15B	2.31B	2.33B	2.41B	2.49B
Amortization of Deferred Charges, Total - (CF)	279M	290M	338M	381M	413M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	168M	42M	52M	28M	26M
Provision for Credit Losses	-	41M	-32M	1M	50M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	572M	854M	480M	1.01B	809M
Change In Accounts Receivable	-	-	-	-	-163M
Change In Inventories	-	-	-	-	35M
Change In Accounts Payable	-	-	-	-	116M
Change in Other Net Operating Assets	-294M	550M	-212M	-1B	-225M
Cash from Operations	3.96B	5.19B	4.83B	4.76B	5.65B
Capital Expenditure	-817M	-820M	-803M	-1.15B	-1.66B
Sale of Property, Plant, and Equipment	113M	76M	80M	164M	321M
Cash Acquisitions	20M	14M	-	-813M	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-376M	-338M	-379M	-419M	-407M
Investment in Marketable and Equity Securities, Total	37M	-212M	-164M	-42M	-93M
Net (Increase) Decrease in Loans Originated / Sold - Investing	9M	9M	14M	15M	17M
Other Investing Activities, Total	725M	-105M	-19M	-121M	-18M
Cash from Investing	-289M	-1.38B	-1.27B	-2.37B	-1.84B
Short Term Debt Issued, Total	-	68M	-	250M	155M
Long-Term Debt Issued, Total	672M	1.42B	772M	1.82B	833M
Total Debt Issued	672M	1.48B	772M	2.07B	988M
Short Term Debt Repaid, Total	-228M	-150M	-159M	-44M	-
Long-Term Debt Repaid, Total	-1.9B	-2.51B	-1.62B	-2.24B	-1.83B
Total Debt Repaid	-2.13B	-2.66B	-1.78B	-2.28B	-1.83B
Issuance of Common Stock	82M	30M	102M	88M	61M
Repurchase of Common Stock	-999M	-898M	-1.25B	-1.4B	-1.8B
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-	-	-	-517M	-550M
Preferred Dividends Paid	-	-	-	-12M	-12M
Common & Preferred Stock Dividends Paid	-460M	-580M	-484M	-	-
Common & Preferred Stock Dividends Paid	-460M	-580M	-484M	-529M	-562M
Other Financing Activities, Total	-768M	-659M	-607M	-701M	-785M
Cash from Financing	-3.61B	-3.28B	-3.25B	-2.75B	-3.93B
Foreign Exchange Rate Adjustments	3M	2M	1M	-4M	3M
Net Change in Cash	68M	535M	308M	-368M	-120M
Supplemental Items
Cash Interest Paid	736M	705M	679M	677M	791M
Cash Income Tax Paid (Refund)	630M	452M	643M	439M	917M
Levered Free Cash Flow	2.49B	3.2B	2.65B	3.15B	2.83B
Unlevered Free Cash Flow	2.96B	3.66B	3.07B	3.53B	3.25B
Change In Net Working Capital	-209M	-691M	322M	-167M	-105M
Net Debt Issued / Repaid	-1.46B	-1.18B	-1.01B	-213M	-845M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.41	4.11	5.12	5.53	5.8
Return on Total Capital	5.93	5.3	6.62	7.21	7.6
Return On Equity %	9.63	10.62	17.29	17.19	18.96
Return on Common Equity	9.33	10.06	16.85	17.02	18.71
Margin Analysis
Gross Profit Margin %	30.72	30.33	31.47	31.66	31.74
SG&A Margin	25.83	25.83	25.89	25.81	25.73
EBITDA Margin %	7.39	7.05	8.1	8.31	8.42
EBITA Margin %	5.93	5.46	6.52	6.75	6.88
EBIT Margin %	4.88	4.5	5.58	5.85	6.01
Income From Continuing Operations Margin %	2.35	2.26	3.72	3.53	3.67
Net Income Margin %	2.25	2.1	3.53	3.4	3.53
Net Avail. For Common Margin %	2.23	2.08	3.5	3.38	3.51
Normalized Net Income Margin	1.99	1.79	2.73	2.87	2.92
Levered Free Cash Flow Margin	5.18	6.06	4.98	5.58	4.76
Unlevered Free Cash Flow Margin	6.16	6.95	5.78	6.24	5.45
Asset Turnover
Asset Turnover	1.45	1.46	1.47	1.51	1.54
Fixed Assets Turnover	5.11	4.12	4.19	4.39	4.39
Receivables Turnover (Average Receivables)	10.29	11.95	12.55	11.84	10.96
Inventory Turnover (Average Inventory)	6.74	7.15	7.03	6.99	6.9
Short Term Liquidity
Current Ratio	1.23	1.32	1.37	1.32	1.25
Quick Ratio	0.65	0.69