Cash flow West Fraser Timber Co. Ltd.

Equities

WFG

CA9528451052

Forest & Wood Products

Market Closed - Toronto S.E. Other stock markets 04:00:00 2025-07-10 pm EDT			5-day change	1st Jan Change
106.42 ^CAD	+2.72%		+1.38%	-14.56%

Jun. 02	West Fraser Timber Co. Ltd. Announces Credit Facility Renewals Enhance Liquidity and Financial Flexibility	CI
Jun. 02	West Fraser Timber Extends Maturity of $1 Billion Credit Facility; Increases Term Loan to $300 Million	MT

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Published financial data: WEST FRASER TIMBER CO. LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	5.85B	10.52B	9.7B	6.45B	6.17B
Total Revenues	5.85B	10.52B	9.7B	6.45B	6.17B
Cost of Goods Sold, Total	3.43B	4.64B	5.14B	4.68B	4.33B
Gross Profit	2.42B	5.88B	4.56B	1.77B	1.84B
Selling General & Admin Expenses, Total	967M	1.15B	1.33B	1.2B	1.1B
Stock-Based Compensation (IS)	11M	40M	5M	25M	14M
Amortization of Goodwill and Intangible Assets - (IS)	272M	584M	589M	541M	549M
Other Operating Expenses	79M	146M	18M	8M	72M
Other Operating Expenses, Total	1.33B	1.92B	1.95B	1.77B	1.74B
Operating Income	1.09B	3.96B	2.61B	-5M	106M
Interest Expense, Total	-48M	-42M	-11M	-30M	-30M
Interest And Investment Income	17M	11M	27M	74M	63M
Net Interest Expenses	-31M	-31M	16M	44M	33M
Currency Exchange Gains (Loss)	-14M	-5M	28M	-7M	7M
Other Non Operating Income (Expenses)	-	9M	1M	13M	-5M
EBT, Excl. Unusual Items	1.04B	3.93B	2.66B	45M	141M
Restructuring Charges	-	-	-60M	-279M	-102M
Merger & Related Restructuring Charges	-	-19M	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Insurance Settlements	7M	-	-	-	-
Other Unusual Items	-7M	-12M	-5M	6M	-1M
EBT, Incl. Unusual Items	1.04B	3.9B	2.59B	-228M	38M
Income Tax Expense	266M	951M	618M	-61M	43M
Earnings From Continuing Operations	776M	2.95B	1.98B	-167M	-5M
Net Income to Company	776M	2.95B	1.98B	-167M	-5M
Net Income - (IS)	776M	2.95B	1.98B	-167M	-5M
Net Income to Common Incl Extra Items	776M	2.95B	1.98B	-167M	-5M
Net Income to Common Excl. Extra Items	776M	2.95B	1.98B	-167M	-5M
Per Share Items
Net EPS - Basic	11.3	27.03	21.06	-2.01	-0.06
Basic EPS - Continuing Operations	11.3	27.03	21.06	-2.01	-0.06
Basic Weighted Average Shares Outstanding	68.67M	109M	93.76M	83.2M	80.86M
Net EPS - Diluted	11.3	27.03	20.87	-2.01	-0.07
Diluted EPS - Continuing Operations	11.3	27.03	20.87	-2.01	-0.07
Diluted Weighted Average Shares Outstanding	68.67M	109M	94.17M	83.2M	81.12M
Normalized Basic EPS	9.48	22.52	17.72	0.34	1.09
Normalized Diluted EPS	9.48	22.52	17.64	0.34	1.09
Dividend Per Share	0.8	0.63	1.15	1.2	1.26
Payout Ratio	7.09	2.54	5.01	-59.88	-2.02K
Supplemental Items
EBITDA	1.36B	4.54B	3.2B	536M	655M
EBITA	1.12B	4.03B	2.7B	74M	186M
EBIT	1.09B	3.96B	2.61B	-5M	106M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	25.53	24.4	23.83	26.75	113.16
Total Current Taxes	177M	977M	581M	61M	118M
Total Deferred Taxes	89M	-26M	37M	-122M	-74M
Normalized Net Income	651M	2.46B	1.66B	28.12M	88.12M
Interest on Long-Term Debt	43M	48M	24M	24M	26M
Non-Cash Pension Expense	14M	21M	12M	-5M	2M
Supplemental Operating Expense Items
Selling and Marketing Expenses	709M	846M	963M	894M	815M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., Other (Total)	11M	40M	5M	25M	14M
Total Stock-Based Compensation	11M	40M	5M	25M	14M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	587M	1.57B	1.16B	900M	641M
Total Cash And Short Term Investments	587M	1.57B	1.16B	900M	641M
Accounts Receivable, Total	311M	441M	286M	250M	239M
Other Receivables	52M	109M	209M	154M	77M
Total Receivables	363M	550M	495M	404M	316M
Inventory	735M	1.06B	1.03B	851M	844M
Prepaid Expenses	16M	38M	60M	40M	36M
Other Current Assets, Total	-	-	-	182M	-
Total Current Assets	1.7B	3.22B	2.75B	2.38B	1.84B
Gross Property Plant And Equipment	5.15B	6.95B	7.28B	7.15B	7.64B
Accumulated Depreciation	-3.04B	-2.85B	-3.3B	-3.32B	-3.8B
Net Property Plant And Equipment	2.11B	4.1B	3.98B	3.84B	3.84B
Long-term Investments	-	-	12M	-	-
Goodwill	711M	1.98B	1.94B	1.95B	1.88B
Other Intangibles, Total	515M	833M	765M	734M	659M
Deferred Tax Assets Long-Term	12M	8M	4M	6M	7M
Deferred Charges Long-Term	-	-	1M	-	-
Other Long-Term Assets, Total	271M	300M	516M	514M	536M
Total Assets	5.32B	10.43B	9.97B	9.42B	8.76B
Liabilities
Accounts Payable, Total	275M	411M	359M	417M	401M
Accrued Expenses, Total	166M	333M	252M	129M	107M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	10M	-	-	300M	200M
Current Portion of Leases	3M	11M	11M	13M	10M
Current Income Taxes Payable	124M	312M	12M	7M	75M
Other Current Liabilities	95M	139M	158M	184M	141M
Total Current Liabilities	673M	1.21B	792M	1.05B	934M
Long-Term Debt	645M	500M	499M	199M	-
Long-Term Leases	5M	17M	26M	26M	19M
Pension & Other Post Retirement Benefits	376M	168M	77M	107M	97M
Deferred Tax Liability Non Current	336M	712M	795M	683M	609M
Other Non Current Liabilities	130M	174M	165M	127M	147M
Total Liabilities	2.16B	2.78B	2.35B	2.19B	1.81B
Common Stock, Total	484M	3.4B	2.67B	2.61B	2.55B
Retained Earnings	2.57B	4.5B	5.28B	4.91B	4.73B
Comprehensive Income and Other	105M	-249M	-332M	-297M	-321M
Total Common Equity	3.16B	7.66B	7.62B	7.22B	6.95B
Total Equity	3.16B	7.66B	7.62B	7.22B	6.95B
Total Liabilities And Equity	5.32B	10.43B	9.97B	9.42B	8.76B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	68.68M	106M	83.56M	81.68M	79.69M
ECS Total Common Shares Outstanding	68.68M	106M	83.56M	81.72M	79.99M
Book Value / Share	45.94	72.28	91.18	88.39	86.94
Tangible Book Value	1.93B	4.85B	4.91B	4.54B	4.42B
Tangible Book Value Per Share	28.09	45.77	58.76	55.55	55.21
Total Debt	663M	528M	536M	538M	229M
Net Debt	76M	-1.04B	-626M	-362M	-412M
Debt Equivalent of Unfunded Proj. Benefit Obligation	334M	116M	-89M	5M	14M
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	-	210M	228M	231M	245M
Inventories - Work In Process, Total	152M	-	-	-	-
Inventories - Finished Goods, Total	583M	851M	804M	620M	599M
Machinery, Total	4.76B	6.5B	6.7B	6.52B	6.94B
Full Time Employees	8.12K	11K	11K	10.8K	9.7K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	776M	2.95B	1.98B	-167M	-5M
Depreciation & Amortization - CF	239M	510M	507M	462M	469M
Amortization of Goodwill and Intangible Assets - (CF)	33M	74M	82M	79M	80M
Depreciation & Amortization, Total	272M	584M	589M	541M	549M
(Gain) Loss From Sale Of Asset	-	-	-	-	3M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	135M	-
Asset Writedown & Restructuring Costs	-	-	60M	144M	99M
Other Operating Activities, Total	265M	90M	-472M	-139M	30M
Change In Accounts Receivable	-106M	5M	140M	6M	5M
Change In Inventories	-9M	-139M	20M	132M	11M
Change In Accounts Payable	104M	79M	-99M	-131M	-35M
Change in Other Net Operating Assets	-7M	-14M	-6M	4M	4M
Cash from Operations	1.3B	3.55B	2.21B	525M	661M
Capital Expenditure	-241M	-635M	-477M	-477M	-487M
Sale of Property, Plant, and Equipment	14M	-	-	-	-
Cash Acquisitions	-	-302M	-	-100M	-
Divestitures	-	-	-	-	124M
Other Investing Activities, Total	5M	651M	18M	47M	45M
Cash from Investing	-222M	-286M	-459M	-530M	-318M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-377M	-	-	-	-
Long-Term Debt Repaid, Total	-	-667M	-14M	-15M	-315M
Total Debt Repaid	-377M	-667M	-14M	-15M	-315M
Issuance of Common Stock	-	7M	-	-	1M
Repurchase of Common Stock	-	-1.32B	-1.99B	-129M	-140M
Common Dividends Paid	-55M	-75M	-99M	-100M	-101M
Common & Preferred Stock Dividends Paid	-55M	-75M	-99M	-100M	-101M
Other Financing Activities, Total	-44M	-110M	-23M	-24M	-27M
Cash from Financing	-476M	-2.16B	-2.13B	-268M	-582M
Foreign Exchange Rate Adjustments	-10M	5M	-28M	10M	-21M
Miscellaneous Cash Flow Adjustments	-	-	-	1M	1M
Net Change in Cash	587M	1.11B	-406M	-262M	-259M
Supplemental Items
Cash Interest Paid	41M	41M	23M	24M	27M
Cash Income Tax Paid (Refund)	-59M	946M	982M	24M	-3M
Levered Free Cash Flow	915M	2.34B	1.39B	133M	392M
Unlevered Free Cash Flow	945M	2.36B	1.4B	152M	410M
Change In Net Working Capital	-224M	98M	352M	-66M	-268M
Net Debt Issued / Repaid	-377M	-667M	-14M	-15M	-315M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	13.6	33.84	16.01	-0.03	0.73
Return on Total Capital	18.51	44.23	19.99	-0.04	0.89
Return On Equity %	27.57	58.16	25.86	-2.25	-0.07
Return on Common Equity	27.57	58.16	25.86	-2.25	-0.07
Margin Analysis
Gross Profit Margin %	41.3	55.86	47	27.41	29.82
SG&A Margin	16.53	10.92	13.75	18.59	17.82
EBITDA Margin %	23.23	43.16	33.01	8.3	10.61
EBITA Margin %	19.15	38.32	27.78	1.15	3.01
EBIT Margin %	18.58	37.61	26.94	-0.08	1.72
Income From Continuing Operations Margin %	13.26	28.02	20.36	-2.59	-0.08
Net Income Margin %	13.26	28.02	20.36	-2.59	-0.08
Net Avail. For Common Margin %	13.26	28.02	20.36	-2.59	-0.08
Normalized Net Income Margin	11.13	23.35	17.12	0.44	1.43
Levered Free Cash Flow Margin	15.65	22.22	14.34	2.06	6.34
Unlevered Free Cash Flow Margin	16.16	22.47	14.41	2.35	6.64
Asset Turnover
Asset Turnover	1.17	1.44	0.95	0.67	0.68
Fixed Assets Turnover	2.75	3.65	2.4	1.65	1.61
Receivables Turnover (Average Receivables)	22.63	30.71	26.69	24.08	25.25
Inventory Turnover (Average Inventory)	4.69	5.67	4.91	4.98	5.11
Short Term Liquidity
Current Ratio	2.53	2.67	3.47	2.26	1.97
Quick Ratio	1.41	1.76	2.09	1.24	1.02
Operating Cash Flow to Current Liabilities	1.92	2.95	2.79	0.5	0.71
Days Sales Outstanding (Average Receivables)	16.17	11.89	13.68	15.16	14.49
Days Outstanding Inventory (Average Inventory)	78.02	64.42	74.28	73.35	71.59
Average Days Payable Outstanding	27.34	21.68	27.48	34.32	34.6
Cash Conversion Cycle (Average Days)	66.85	54.63	60.48	54.19	51.48
Long Term Solvency
Total Debt/Equity	21.01	6.9	7.04	7.45	3.29
Total Debt / Total Capital	17.37	6.45	6.57	6.93	3.19
LT Debt/Equity	20.6	6.75	6.89	3.12	0.27
Long-Term Debt / Total Capital	17.02	6.32	6.44	2.9	0.26
Total Liabilities / Total Assets	40.7	26.62	23.6	23.28	20.62
EBIT / Interest Expense	22.65	94.19	237.55	-0.17	3.53
EBITDA / Interest Expense	28.31	108.1	291.09	17.87	21.83
(EBITDA - Capex) / Interest Expense	23.29	92.98	247.73	1.97	5.6
Total Debt / EBITDA	0.49	0.12	0.17	1	0.35
Net Debt / EBITDA	0.06	-0.23	-0.2	-0.68	-0.63
Total Debt / (EBITDA - Capex)	0.59	0.14	0.2	9.12	1.36
Net Debt / (EBITDA - Capex)	0.07	-0.27	-0.23	-6.14	-2.45
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	19.95	140.52	-7.77	-33.47	-4.34
Gross Profit, 1 Yr. Growth %	97.22	223.87	-22.37	-61.2	4.07
EBITDA, 1 Yr. Growth %	987.2	342.93	-29.18	-83.26	22.2
EBITA, 1 Yr. Growth %	-1.11K	375.8	-32.81	-97.25	154.79
EBIT, 1 Yr. Growth %	-911.19	381.27	-33.63	-100.19	-2.22K
Earnings From Cont. Operations, 1 Yr. Growth %	-617.33	401.19	-32.98	-108.46	-97.01
Net Income, 1 Yr. Growth %	-617.33	401.19	-32.98	-108.46	-97.01
Normalized Net Income, 1 Yr. Growth %	-648.42	397.34	-32.02	-98.31	213.33
Diluted EPS Before Extra, 1 Yr. Growth %	-582.5	215.77	-22.8	-109.63	-96.32
Accounts Receivable, 1 Yr. Growth %	50.97	80.74	-35.15	-12.59	-4.4
Inventory, 1 Yr. Growth %	0.82	83.56	-2.73	-17.54	-0.82
Net Property, Plant and Equip., 1 Yr. Growth %	-1.4	147.44	-2.88	-3.69	0.18
Total Assets, 1 Yr. Growth %	13.97	149.71	-4.41	-5.6	-6.96
Tangible Book Value, 1 Yr. Growth %	59.55	220	1.28	-7.54	-2.73
Common Equity, 1 Yr. Growth %	27.53	208.96	-0.48	-5.2	-3.72
Cash From Operations, 1 Yr. Growth %	1.03K	266.94	-37.87	-76.21	25.9
Capital Expenditures, 1 Yr. Growth %	-41.22	252.78	-24.88	0	2.1
Levered Free Cash Flow, 1 Yr. Growth %	-420.34	234.2	-40.17	-90.43	194.08
Unlevered Free Cash Flow, 1 Yr. Growth %	-469.65	227.42	-40.55	-89.14	170.12
Dividend Per Share, 1 Yr. Growth %	0	0.69	81.91	4.35	5
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-2.21	65.2	48.94	-21.67	-20.22
Gross Profit, 2 Yr. CAGR %	-1.71	146.36	58.53	-45.12	-36.45
EBITDA, 2 Yr. CAGR %	1.47	577.96	76.75	-65.57	-54.77
EBITA, 2 Yr. CAGR %	1.51	577.83	78.38	-86.42	-73.73
EBIT, 2 Yr. CAGR %	1.12	511.23	78.29	-96.44	-79.86
Earnings From Cont. Operations, 2 Yr. CAGR %	-2.12	398.62	83.27	-76.2	-94.97
Net Income, 2 Yr. CAGR %	-2.12	398.62	83.27	-76.2	-94.97
Normalized Net Income, 2 Yr. CAGR %	-0.9	411.56	83.43	-89.27	-76.97
Diluted EPS Before Extra, 2 Yr. CAGR %	3.13	282.17	56.13	-72.73	-94.05
Accounts Receivable, 2 Yr. CAGR %	7.72	64.59	8.26	-24.71	-8.59
Inventory, 2 Yr. CAGR %	-3.6	35.71	33.62	-10.44	-9.57
Net Property, Plant and Equip., 2 Yr. CAGR %	1.3	55.71	55.02	-3.29	-1.77
Total Assets, 2 Yr. CAGR %	5.38	68.18	54.5	-5	-6.28
Tangible Book Value, 2 Yr. CAGR %	9.26	125.27	80.03	-3.23	-5.16
Common Equity, 2 Yr. CAGR %	4.38	97.89	75.35	-2.87	-4.46
Cash From Operations, 2 Yr. CAGR %	19.36	525.2	51	-61.55	-45.27
Capital Expenditures, 2 Yr. CAGR %	-19.29	40	62.79	-13.33	1.04
Levered Free Cash Flow, 2 Yr. CAGR %	65.18	221.73	41.04	-76.07	-46.95
Unlevered Free Cash Flow, 2 Yr. CAGR %	62.64	241.98	39.17	-74.59	-45.83
Dividend Per Share, 2 Yr. CAGR %	6.9	0	35.34	37.78	4.67
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.45	29.58	39.11	13.85	-16.27
Gross Profit, 3 Yr. CAGR %	6.32	43.79	71.42	-0.83	-32.07
EBITDA, 3 Yr. CAGR %	8.19	63.27	226.07	-19.43	-47.48
EBITA, 3 Yr. CAGR %	8.21	67.41	220.3	-55.63	-64.07
EBIT, 3 Yr. CAGR %	8	67.62	197.73	-81.75	-70.03
Earnings From Cont. Operations, 3 Yr. CAGR %	9.2	66.36	161.2	-34.27	-88.07
Net Income, 3 Yr. CAGR %	9.2	66.36	161.2	-34.27	-88.07
Normalized Net Income, 3 Yr. CAGR %	7.49	67.34	166.53	-61.52	-66.96
Diluted EPS Before Extra, 3 Yr. CAGR %	13.99	47.66	129.31	-38.31	-86.01
Accounts Receivable, 3 Yr. CAGR %	1.66	27.7	23.4	0.81	-18.47
Inventory, 3 Yr. CAGR %	3.13	19.29	24.2	13.76	-7.34
Net Property, Plant and Equip., 3 Yr. CAGR %	3.7	36.15	36.05	32.28	-2.14
Total Assets, 3 Yr. CAGR %	5.61	40.2	42.47	31.1	-5.66
Tangible Book Value, 3 Yr. CAGR %	9.68	56	76.48	44.17	-3.06
Common Equity, 3 Yr. CAGR %	4.99	49.56	60.93	42.85	-3.15
Cash From Operations, 3 Yr. CAGR %	12.81	70.37	196.15	-18.45	-42.91
Capital Expenditures, 3 Yr. CAGR %	-10.49	29.5	16.34	38.38	-8.47
Levered Free Cash Flow, 3 Yr. CAGR %	30.83	106.58	87.48	-42.48	-44.78
Unlevered Free Cash Flow, 3 Yr. CAGR %	30.6	103.03	94.86	-40.52	-44.12
Dividend Per Share, 3 Yr. CAGR %	30.5	4.55	24.84	24.1	25.85
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.37	24.5	20.66	6.86	12.74
Gross Profit, 5 Yr. CAGR %	14.53	38.44	25.15	-1.35	16.68
EBITDA, 5 Yr. CAGR %	25.65	54.39	32.21	-11.72	49.79
EBITA, 5 Yr. CAGR %	33.61	60.42	32.77	-38.23	19.25
EBIT, 5 Yr. CAGR %	34.94	61.34	32.59	-63.81	2.62
Earnings From Cont. Operations, 5 Yr. CAGR %	49.47	62.81	35.01	-22.91	-45.53
Net Income, 5 Yr. CAGR %	49.47	62.81	35.01	-22.91	-45.53
Normalized Net Income, 5 Yr. CAGR %	44.92	61.97	33.8	-43.81	1.32
Diluted EPS Before Extra, 5 Yr. CAGR %	66.29	54.41	29.92	-24.22	-46.11
Accounts Receivable, 5 Yr. CAGR %	4.3	17.9	5.51	4.26	10.79
Inventory, 5 Yr. CAGR %	3.1	18.24	15.83	7.28	10.75
Net Property, Plant and Equip., 5 Yr. CAGR %	5.57	25.22	23.29	19.76	20.9
Total Assets, 5 Yr. CAGR %	7.91	29.68	24.47	21.01	21.98
Tangible Book Value, 5 Yr. CAGR %	10.11	35.99	35.37	29.98	39.36
Common Equity, 5 Yr. CAGR %	8	34.02	30.49	26.92	32.24
Cash From Operations, 5 Yr. CAGR %	33.89	45.51	27.06	-5.27	52.58
Capital Expenditures, 5 Yr. CAGR %	1.84	24.1	13.95	11.23	11.31
Levered Free Cash Flow, 5 Yr. CAGR %	65.77	58.98	35.73	-12.12	14.54
Unlevered Free Cash Flow, 5 Yr. CAGR %	74.68	57.74	34.85	-10.91	18.21
Dividend Per Share, 5 Yr. CAGR %	23.36	23.36	34.02	17.75	17.78