Income Statement Transat A.T. Inc.

Equities

TRZ

CA89351T4019

Leisure & Recreation

Market Closed - Toronto S.E. Other stock markets 04:00:00 2026-01-14 pm EST			5-day change	1st Jan Change
2.680 ^CAD	-3.94%		-2.19%	+5.93%

Jan. 06	Transat Pilots Vote to Approve Contract Through 2030	MT
Jan. 06	Canada's Air Transat pilots approve five-year contract	RE

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Published financial data: TRANSAT A.T. INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2021	2022	2023	2024	2025
Revenues	125M	1.64B	3.05B	3.28B	3.4B
Total Revenues	125M	1.64B	3.05B	3.28B	3.4B
Cost of Goods Sold, Total	370M	1.61B	2.46B	2.71B	2.75B
Gross Profit	-245M	36.77M	589M	570M	647M
Selling General & Admin Expenses, Total	13.02M	116M	214M	233M	241M
Depreciation & Amortization - (IS)	160M	153M	182M	222M	257M
Other Operating Expenses	48.52M	101M	115M	151M	148M
Other Operating Expenses, Total	221M	370M	511M	606M	646M
Operating Income	-467M	-333M	78.02M	-36.49M	1.2M
Interest Expense, Total	-76.04M	-102M	-130M	-139M	-132M
Interest And Investment Income	4.44M	12.98M	42.97M	41.49M	25.04M
Net Interest Expenses	-71.6M	-89.36M	-87.09M	-97.17M	-107M
Income (Loss) On Equity Invest.	-4.7M	-2.48M	2.76M	130K	-
Currency Exchange Gains (Loss)	53.26M	-92.15M	-16.1M	-5.78M	-6.41M
Other Non Operating Income (Expenses)	3.95M	19.02M	-1.8M	5.49M	-2.27M
EBT, Excl. Unusual Items	-486M	-498M	-24.22M	-134M	-115M
Restructuring Charges	-6.74M	-847K	-3.63M	-3.17M	-5.66M
Merger & Related Restructuring Charges	12.62M	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	3.11M	-
Gain (Loss) On Sale Of Assets	17.35M	3.93M	2.17M	24.89M	19.24M
Asset Writedown	-9.12M	-783K	-4.59M	-	-
Other Unusual Items	82.33M	46.59M	5.58M	-	345M
EBT, Incl. Unusual Items	-389M	-449M	-24.68M	-109M	244M
Income Tax Expense	23K	-4.15M	613K	5.05M	2.45M
Earnings From Continuing Operations	-389M	-445M	-25.29M	-114M	242M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-389M	-445M	-25.29M	-114M	242M
Minority Interest	-121K	-	-	-	-
Net Income - (IS)	-390M	-445M	-25.29M	-114M	242M
Net Income to Common Incl Extra Items	-390M	-445M	-25.29M	-114M	242M
Net Income to Common Excl. Extra Items	-390M	-445M	-25.29M	-114M	242M
Per Share Items
Net EPS - Basic	-10.32	-11.77	-0.66	-2.94	6.06
Basic EPS - Continuing Operations	-10.32	-11.77	-0.66	-2.94	6.06
Basic Weighted Average Shares Outstanding	37.75M	37.84M	38.28M	38.84M	39.9M
Net EPS - Diluted	-10.32	-11.77	-0.66	-2.94	5.72
Diluted EPS - Continuing Operations	-10.32	-11.77	-0.66	-2.94	5.72
Diluted Weighted Average Shares Outstanding	37.75M	37.84M	38.28M	38.84M	41.64M
Normalized Basic EPS	-8.05	-8.23	-0.4	-2.15	-1.79
Normalized Diluted EPS	-8.05	-8.23	-0.4	-2.15	-1.72
Supplemental Items
EBITDA	-440M	-311M	98.84M	-8.97M	29.79M
EBITA	-467M	-333M	78.02M	-36.49M	1.2M
EBIT	-467M	-333M	78.02M	-36.49M	1.2M
EBITDAR	-439M	-300M	118M	10.23M	42.41M
Effective Tax Rate - (Ratio)	-0.01	0.92	-2.48	-4.63	1
Total Current Taxes	-52K	-3.17M	528K	2.34M	2.22M
Total Deferred Taxes	75K	-975K	85K	2.71M	227K
Normalized Net Income	-304M	-311M	-15.14M	-83.64M	-71.59M
Interest on Long-Term Debt	76.04M	102M	130M	139M	132M
Non-Cash Pension Expense	4.39M	-731K	2.19M	2.48M	2.02M
Supplemental Operating Expense Items
Selling and Marketing Expenses	13.02M	116M	214M	233M	241M
Net Rental Expense, Total	1.51M	10.91M	19.58M	19.2M	12.62M
Imputed Operating Lease Interest Expense	777K	5.53M	11.05M	10.47M	7.16M
Imputed Operating Lease Depreciation	731K	5.38M	8.53M	8.73M	5.46M
Maintenance & Repair Expenses, Total	48.83M	114M	173M	218M	252M
Stock-Based Comp., COGS (Total)	-	144K	237K	-46K	171K
Stock-Based Comp., Other (Total)	-6.36M	217K	1.19M	424K	944K
Total Stock-Based Compensation	-6.36M	361K	1.43M	378K	1.12M

Fiscal Period: October	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	433M	323M	436M	260M	165M
Total Cash And Short Term Investments	433M	323M	436M	260M	165M
Accounts Receivable, Total	9.78M	9.5M	18.86M	14.33M	7.94M
Other Receivables	100M	261M	120M	137M	146M
Total Receivables	110M	271M	139M	152M	154M
Inventory	10.51M	26.72M	33.74M	40.21M	49.65M
Prepaid Expenses	16.46M	26.43M	38.11M	31.36M	36.68M
Restricted Cash	140M	344M	421M	454M	430M
Other Current Assets, Total	10.13M	41.33M	139M	149M	144M
Total Current Assets	720M	1.03B	1.21B	1.09B	980M
Gross Property Plant And Equipment	1.81B	1.89B	2.11B	2.56B	2.65B
Accumulated Depreciation	-837M	-885M	-1.03B	-1.18B	-1.39B
Net Property Plant And Equipment	974M	1B	1.08B	1.38B	1.25B
Long-term Investments	9.48M	8.82M	11.8M	-	-
Goodwill	-	-	-	-	-
Other Intangibles, Total	16.85M	13.26M	14.77M	13.06M	21.03M
Deferred Tax Assets Long-Term	-	953K	1.05M	588K	370K
Deferred Charges Long-Term	19.37M	12.55M	-	-	-
Other Long-Term Assets, Total	158M	204M	252M	272M	319M
Total Assets	1.9B	2.27B	2.57B	2.75B	2.57B
Liabilities
Accounts Payable, Total	71.75M	195M	185M	225M	203M
Accrued Expenses, Total	58.88M	82.23M	124M	122M	165M
Current Portion of Long-Term Debt	20.62M	16.8M	20.82M	8.52M	187M
Current Portion of Leases	172M	137M	150M	177M	-
Current Income Taxes Payable	1.35M	1.05M	416K	1.63M	2.18M
Unearned Revenue Current, Total	292M	603M	754M	781M	823M
Other Current Liabilities	13.85M	18.79M	29.71M	33.56M	28.97M
Total Current Liabilities	630M	1.05B	1.26B	1.35B	1.41B
Long-Term Debt	479M	672M	669M	682M	209M
Long-Term Leases	785M	951M	1.07B	1.29B	1.17B
Unearned Revenue Non Current	167M	169M	147M	121M	199M
Pension & Other Post Retirement Benefits	27.12M	20.77M	20.96M	25.3M	26.83M
Deferred Tax Liability Non Current	613K	644K	56K	481K	548K
Other Non Current Liabilities	124M	155M	176M	174M	201M
Total Liabilities	2.21B	3.02B	3.35B	3.64B	3.22B
Common Stock, Total	221M	222M	223M	225M	227M
Retained Earnings	-545M	-985M	-1.01B	-1.12B	-881M
Comprehensive Income and Other	8.76M	12.5M	5.96M	8.6M	8.75M
Total Common Equity	-315M	-750M	-779M	-889M	-645M
Minority Interest	-	-	-	-	-
Total Equity	-315M	-750M	-779M	-889M	-645M
Total Liabilities And Equity	1.9B	2.27B	2.57B	2.75B	2.57B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	39.44M	38.09M	38.6M	39.49M	40.56M
ECS Total Common Shares Outstanding	37.75M	38.01M	38.49M	39.27M	40.38M
Book Value / Share	-8.35	-19.74	-20.24	-22.64	-15.97
Tangible Book Value	-332M	-763M	-794M	-902M	-666M
Tangible Book Value Per Share	-8.79	-20.08	-20.62	-22.97	-16.5
Total Debt	1.46B	1.78B	1.91B	2.16B	1.57B
Net Debt	1.02B	1.45B	1.48B	1.9B	1.41B
Debt Equivalent of Unfunded Proj. Benefit Obligation	27.12M	20.77M	20.96M	25.3M	26.83M
Debt Equivalent Oper. Leases	12.06M	87.29M	157M	154M	101M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	9.48M	8.82M	11.8M	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	-	-	-	-	5.48M
Inventories - Others	-	-	-	-	44.17M
Land - (BS)	78.68M	63.21M	16.75M	18.56M	18.52M
Buildings, Total	-	-	-	-	-
Machinery, Total	310M	295M	307M	318M	308M
Full Time Employees	2.1K	3.9K	5K	5K	5K
Part Time Employees	2.2K	-	-	-	-

Fiscal Period: October	2021	2022	2023	2024	2025
Net Income	-390M	-445M	-25.29M	-114M	242M
Depreciation & Amortization - CF	151M	146M	176M	218M	253M
Amortization of Goodwill and Intangible Assets - (CF)	47K	85K	-	-	-
Depreciation & Amortization, Total	151M	146M	176M	218M	253M
Amortization of Deferred Charges, Total - (CF)	9.13M	7M	18.07M	4.36M	3.65M
(Gain) Loss From Sale Of Asset	-17.35M	-3.93M	-2.17M	-24.89M	-19.24M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-3.11M	-
Asset Writedown & Restructuring Costs	33.45M	783K	4.59M	-	-
(Income) Loss On Equity Investments - (CF)	4.7M	2.48M	-2.76M	-130K	-
Stock-Based Compensation (CF)	-	144K	237K	-46K	171K
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-19.56M	103M	58.93M	38.46M	-341M
Change in Other Net Operating Assets	-290M	11.61M	93.71M	-23.45M	17.87M
Cash from Operations	-518M	-178M	322M	94.67M	157M
Capital Expenditure	-5.6M	-32.53M	-57.57M	-139M	-97.86M
Sale of Property, Plant, and Equipment	422K	-	-	88.13M	92.06M
Cash Acquisitions	-15M	-	-	-	-
Divestitures	-	-	48.11M	-	-
Investment in Marketable and Equity Securities, Total	-821K	-707K	-	20.41M	-
Other Investing Activities, Total	25.54M	-545K	1.52M	-1.43M	-4.41M
Cash from Investing	4.54M	-33.78M	-7.94M	-31.45M	-10.21M
Long-Term Debt Issued, Total	600M	213M	-	-	30M
Total Debt Issued	600M	213M	-	-	30M
Long-Term Debt Repaid, Total	-74.54M	-112M	-204M	-242M	-247M
Total Debt Repaid	-74.54M	-112M	-204M	-242M	-247M
Issuance of Common Stock	-	912K	1.53M	1.99M	1.93M
Repurchase of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-3.24M	-2.76M	-191K	-	-28.25M
Cash from Financing	522M	99.69M	-203M	-240M	-243M
Foreign Exchange Rate Adjustments	-1.41M	1.29M	2.32M	1.76M	1M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	6.76M	-111M	113M	-175M	-95.42M
Supplemental Items
Cash Interest Paid	18.29M	-	-	92.16M	120M
Cash Income Tax Paid (Refund)	-2.38M	-12.17M	-3.98M	946K	1.29M
Levered Free Cash Flow	-482M	-112M	238M	-12.09M	149M
Unlevered Free Cash Flow	-434M	-48.5M	306M	74.57M	231M
Change In Net Working Capital	290M	-38.62M	-132M	-13.7M	-70.67M
Net Debt Issued / Repaid	525M	102M	-204M	-242M	-217M

Fiscal Period: October	2021	2022	2023	2024	2025
Profitability
Return on Assets	-14.91	-10	2.01	-0.86	0.03
Return on Total Capital	-27.64	-19.23	4.52	-1.9	0.07
Return On Equity %	313.05	83.61	3.31	13.67	-31.54
Return on Common Equity	313.15	83.61	3.31	13.67	-31.54
Margin Analysis
Gross Profit Margin %	-196.65	2.24	19.32	17.35	19.04
SG&A Margin	10.43	7.07	7.02	7.09	7.08
EBITDA Margin %	-352.86	-18.96	3.24	-0.27	0.88
EBITA Margin %	-373.91	-20.3	2.56	-1.11	0.04
EBIT Margin %	-373.95	-20.3	2.56	-1.11	0.04
Income From Continuing Operations Margin %	-312	-27.12	-0.83	-3.47	7.12
Net Income Margin %	-312.1	-27.12	-0.83	-3.47	7.12
Net Avail. For Common Margin %	-312.1	-27.12	-0.83	-3.47	7.12
Normalized Net Income Margin	-243.38	-18.97	-0.5	-2.55	-2.11
Levered Free Cash Flow Margin	-385.97	-6.85	7.8	-0.37	4.38
Unlevered Free Cash Flow Margin	-347.89	-2.95	10.05	2.27	6.81
Asset Turnover
Asset Turnover	0.06	0.79	1.26	1.23	1.28
Fixed Assets Turnover	0.13	1.66	2.93	2.67	2.58
Receivables Turnover (Average Receivables)	16.27	170.41	211.54	256.16	305.17
Inventory Turnover (Average Inventory)	36.06	86.21	81.35	73.41	61.23
Short Term Liquidity
Current Ratio	1.14	0.98	0.95	0.81	0.7
Quick Ratio	0.86	0.56	0.45	0.31	0.23
Operating Cash Flow to Current Liabilities	-0.82	-0.17	0.25	0.07	0.11
Days Sales Outstanding (Average Receivables)	22.43	2.14	1.73	1.43	1.2
Days Outstanding Inventory (Average Inventory)	10.12	4.23	4.49	4.99	5.96
Average Days Payable Outstanding	79.99	30.08	28.14	27.56	28.23
Cash Conversion Cycle (Average Days)	-47.44	-23.7	-21.93	-21.14	-21.07
Long Term Solvency
Total Debt/Equity	-462.09	-236.8	-245.36	-242.56	-243.45
Total Debt / Total Capital	127.62	173.1	168.8	170.15	169.71
LT Debt/Equity	-401.1	-216.28	-223.4	-221.7	-214.48
Long-Term Debt / Total Capital	110.77	158.1	153.69	155.52	149.51
Total Liabilities / Total Assets	116.61	133.03	130.32	132.32	125.05
EBIT / Interest Expense	-6.14	-3.26	0.6	-0.26	0.01
EBITDA / Interest Expense	-4.16	-1.83	1.96	1.31	1.93
(EBITDA - Capex) / Interest Expense	-4.23	-2.14	1.51	0.31	1.18
Total Debt / EBITDA	-4.61	-9.5	7.51	11.91	6.17
Net Debt / EBITDA	-3.24	-7.78	5.8	10.48	5.53
Total Debt / (EBITDA - Capex)	-4.53	-8.09	9.71	50.8	10.04
Net Debt / (EBITDA - Capex)	-3.18	-6.62	7.5	44.67	8.98
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-90.41	1.22K	85.64	7.72	3.49
Gross Profit, 1 Yr. Growth %	295.23	-114.98	1.5K	-3.31	13.62
EBITDA, 1 Yr. Growth %	6.18	-29.3	-131.74	-109.07	-432.2
EBITA, 1 Yr. Growth %	3.17	-28.58	-123.41	-146.78	-103.29
EBIT, 1 Yr. Growth %	3.17	-28.57	-123.4	-146.78	-103.29
Earnings From Cont. Operations, 1 Yr. Growth %	-21.61	14.35	-94.32	350.85	-312.15
Net Income, 1 Yr. Growth %	-21.55	14.31	-94.32	350.85	-312.15
Normalized Net Income, 1 Yr. Growth %	-1.06	2.54	-95.14	452.6	-14.4
Diluted EPS Before Extra, 1 Yr. Growth %	-21.55	14.05	-94.39	344.95	-294.67
Accounts Receivable, 1 Yr. Growth %	75.65	-2.84	89.4	26.72	-44.57
Inventory, 1 Yr. Growth %	4.89	154.18	26.23	19.2	23.48
Net Property, Plant and Equip., 1 Yr. Growth %	6.31	2.66	8.29	27.31	-9.01
Total Assets, 1 Yr. Growth %	-5.87	19.68	13.13	7.07	-6.41
Tangible Book Value, 1 Yr. Growth %	-913.66	129.98	3.98	13.65	-26.17
Common Equity, 1 Yr. Growth %	-575.23	138.07	3.85	14.12	-27.45
Cash From Operations, 1 Yr. Growth %	1.02K	-65.69	-280.91	-70.58	65.81
Capital Expenditures, 1 Yr. Growth %	-90.88	481.01	76.96	140.7	-29.38
Levered Free Cash Flow, 1 Yr. Growth %	606.24	-76.64	-311.48	-105.08	-1.33K
Unlevered Free Cash Flow, 1 Yr. Growth %	993.29	-88.82	-731.71	-75.66	210.4
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-79.39	12.3	394.19	41.41	5.59
Gross Profit, 2 Yr. CAGR %	-29.52	-23.06	54.92	293.6	4.82
EBITDA, 2 Yr. CAGR %	190.53	-13.35	-52.63	-83.03	-45.1
EBITA, 2 Yr. CAGR %	1.16K	-14.16	-59.11	-66.91	-87.6
EBIT, 2 Yr. CAGR %	1.17K	-14.16	-59.12	-66.92	-87.6
Earnings From Cont. Operations, 2 Yr. CAGR %	262.01	-5.32	-74.52	-49.4	209.27
Net Income, 2 Yr. CAGR %	247.03	-5.3	-74.52	-49.4	209.27
Normalized Net Income, 2 Yr. CAGR %	418.49	0.72	-77.68	-48.18	117.49
Diluted EPS Before Extra, 2 Yr. CAGR %	246.41	-5.41	-74.7	-50.02	194.31
Accounts Receivable, 2 Yr. CAGR %	-38.29	30.64	38.91	19.95	-16.19
Inventory, 2 Yr. CAGR %	-18.55	63.28	79.13	22.66	21.32
Net Property, Plant and Equip., 2 Yr. CAGR %	4.54	4.47	5.44	17.42	7.63
Total Assets, 2 Yr. CAGR %	-9.65	6.14	16.36	10.06	0.1
Tangible Book Value, 2 Yr. CAGR %	-20.15	332.58	54.64	8.7	-8.4
Common Equity, 2 Yr. CAGR %	-24.82	236.36	57.23	8.86	-9
Cash From Operations, 2 Yr. CAGR %	54.92	96.34	-21.22	-27.04	-30.15
Capital Expenditures, 2 Yr. CAGR %	-81.52	-27.22	220.65	106.39	30.38
Levered Free Cash Flow, 2 Yr. CAGR %	256.24	28.4	-29.71	-67.21	-20.88
Unlevered Free Cash Flow, 2 Yr. CAGR %	170.02	10.5	-15.97	24	-13.08
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-64.75	-17.62	32.78	197.42	27.44
Gross Profit, 3 Yr. CAGR %	-8.94	-57.94	111.68	32.39	160.13
EBITDA, 3 Yr. CAGR %	234.62	81.39	-38	-72.69	-54.26
EBITA, 3 Yr. CAGR %	141.53	384.82	-44.34	-57.24	-84.68
EBIT, 3 Yr. CAGR %	141.43	387.76	-44.34	-57.24	-84.68
Earnings From Cont. Operations, 3 Yr. CAGR %	239.04	146.54	-62.94	-33.6	-18.41
Net Income, 3 Yr. CAGR %	292.33	139.67	-62.93	-33.6	-18.41
Normalized Net Income, 3 Yr. CAGR %	177.58	202.08	-63.33	-34.95	-38.74
Diluted EPS Before Extra, 3 Yr. CAGR %	293.02	139.2	-63.1	-34.2	-21.36
Accounts Receivable, 3 Yr. CAGR %	-31.81	-28.21	50.21	13.6	-7.26
Inventory, 3 Yr. CAGR %	-10.09	19.03	49.86	56.39	22.94
Net Property, Plant and Equip., 3 Yr. CAGR %	69.1	3.91	5.73	12.28	7.85
Total Assets, 3 Yr. CAGR %	6.59	-0.77	8.42	13.18	4.27
Tangible Book Value, 3 Yr. CAGR %	-14.38	13.61	168.96	39.55	-4.45
Common Equity, 3 Yr. CAGR %	-18.01	10.4	127.34	41.31	-4.91
Cash From Operations, 3 Yr. CAGR %	96.05	-6.27	91.06	-43.27	-4.08
Capital Expenditures, 3 Yr. CAGR %	-63.9	-41.67	-2.14	191.42	44.36
Levered Free Cash Flow, 3 Yr. CAGR %	190.98	43.62	51.64	-70.71	9.81
Unlevered Free Cash Flow, 3 Yr. CAGR %	175.16	-6.62	97.59	-44.4	68.36
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-46.66	-11.39	1.36	2.26	21.15
Gross Profit, 5 Yr. CAGR %	0.52	-34.72	12.62	2.88	59.8
EBITDA, 5 Yr. CAGR %	76.47	26.79	53.09	-29.69	-40.95
EBITA, 5 Yr. CAGR %	98.42	56.34	18.69	65.66	-69.48
EBIT, 5 Yr. CAGR %	96.45	56.35	18.66	66.26	-69.48
Earnings From Cont. Operations, 5 Yr. CAGR %	35.1	26.34	20.41	30.86	-13.4
Net Income, 5 Yr. CAGR %	56.31	27.09	31.42	28.66	-13.4
Normalized Net Income, 5 Yr. CAGR %	113.41	51.91	1.28	49.23	-25.26
Diluted EPS Before Extra, 5 Yr. CAGR %	33	26.52	31.19	27.87	-15.33
Accounts Receivable, 5 Yr. CAGR %	-24.4	-22.29	-9.36	-11	7.38
Inventory, 5 Yr. CAGR %	-3.17	15.88	18.46	20.47	37.71
Net Property, Plant and Equip., 5 Yr. CAGR %	48.49	49.33	39.99	9.12	6.48
Total Assets, 5 Yr. CAGR %	8.24	9.34	10.4	3.43	5.01
Tangible Book Value, 5 Yr. CAGR %	-4.32	8.6	8.46	11.62	74.81
Common Equity, 5 Yr. CAGR %	-7.46	6.21	6.39	9.79	57.62
Cash From Operations, 5 Yr. CAGR %	60.7	1.95	36.14	-15.21	27.75
Capital Expenditures, 5 Yr. CAGR %	-39.79	-14.09	-13.53	-3.31	9.76
Levered Free Cash Flow, 5 Yr. CAGR %	33.42	14.14	64.82	-20.45	16.9
Unlevered Free Cash Flow, 5 Yr. CAGR %	30.91	-3.97	71.18	4.6	42.27