Cash flow Canopy Growth Corporation

Equities

WEED

CA1380357048

Pharmaceuticals

Market Closed - Toronto S.E. Other stock markets 01:30:00 14/09/2024 am IST			5-day change	1st Jan Change
6.510 ^CAD	+1.24%		+7.25%	-3.70%

27/08	Health Care Flat as Cannabis Shares Slide -- Health Care Roundup	DJ
27/08	Pot stocks fall as US DEA pushes cannabis reclassification hearing to December	RE

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Published financial data: CANOPY GROWTH CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	399M	547M	520M	403M	297M
Total Revenues	399M	547M	520M	403M	297M
Cost of Goods Sold, Total	294M	454M	602M	418M	217M
Gross Profit	105M	92.94M	-81.94M	-15.26M	79.9M
Selling General & Admin Expenses, Total	662M	573M	505M	423M	195M
Stock-Based Compensation (IS)	320M	91.15M	47.52M	31.19M	14.18M
R&D Expenses	-	-	-	-	-
Depreciation & Amortization - (IS)	-	-	-	-	-
Other Operating Expenses, Total	982M	664M	552M	455M	209M
Operating Income	-877M	-571M	-634M	-470M	-129M
Interest Expense, Total	-6.72M	-8.46M	-104M	-126M	-105M
Interest And Investment Income	66.33M	21.37M	6.6M	24.28M	16.24M
Net Interest Expenses	59.61M	12.91M	-97.34M	-102M	-89.12M
Income (Loss) On Equity Invest.	-64.42M	-52.63M	-100K	-	-
Currency Exchange Gains (Loss)	-1.24M	-18.01M	5.42M	-8.53M	704K
Other Non Operating Income (Expenses)	359M	-882M	1.12B	-145M	-173M
EBT, Excl. Unusual Items	-525M	-1.51B	398M	-726M	-390M
Restructuring Charges	-695M	-554M	-426M	-548M	-5.65M
Merger & Related Restructuring Charges	-25.53M	-13.52M	-22.91M	-35.69M	-34.77M
Impairment of Goodwill	-	-	-40.75M	-1.79B	-42.08M
Gain (Loss) On Sale Of Investments	-227M	435M	-277M	-252M	18.27M
Gain (Loss) On Sale Of Assets	22.29M	-	-6.76M	2.41M	-
Asset Writedown	-60.02M	-6.63M	-26.06M	-14.61M	-17.27M
Legal Settlements	-10.8M	-	-	-	-
Other Unusual Items	12.29M	-34.26M	71.72M	43.97M	181K
EBT, Incl. Unusual Items	-1.51B	-1.68B	-329M	-3.31B	-471M
Income Tax Expense	-122M	-13.14M	-8.95M	-4.77M	12.33M
Earnings From Continuing Operations	-1.39B	-1.67B	-320M	-3.31B	-484M
Earnings Of Discontinued Operations	-	-	-	-	-174M
Net Income to Company	-1.39B	-1.67B	-320M	-3.31B	-657M
Minority Interest	66.11M	-74.1M	18.3M	31.39M	-
Net Income - (IS)	-1.32B	-1.74B	-302M	-3.28B	-657M
Net Income to Common Incl Extra Items	-1.32B	-1.74B	-302M	-3.28B	-657M
Net Income to Common Excl. Extra Items	-1.32B	-1.74B	-302M	-3.28B	-484M
Per Share Items
Net EPS - Basic	-37.96	-46.95	-7.72	-70.69	-8.79
Basic EPS - Continuing Operations	-37.96	-46.95	-7.72	-70.69	-6.47
Basic Weighted Average Shares Outstanding	34.8M	37.17M	39.13M	46.37M	74.79M
Net EPS - Diluted	-37.96	-46.95	-7.72	-70.7	-8.79
Diluted EPS - Continuing Operations	-37.96	-46.95	-7.72	-70.7	-6.47
Diluted Weighted Average Shares Outstanding	34.8M	37.17M	39.13M	46.37M	74.79M
Normalized Basic EPS	-7.52	-27.39	6.83	-9.1	-3.26
Normalized Diluted EPS	-7.52	-27.39	6.83	-9.1	-3.26
Supplemental Items
EBITDA	-752M	-444M	-520M	-385M	-75.77M
EBITA	-826M	-515M	-596M	-442M	-104M
EBIT	-877M	-571M	-634M	-470M	-129M
EBITDAR	-742M	-433M	-514M	-375M	-67.24M
Total Revenues (As Reported)	399M	547M	520M	403M	297M
Effective Tax Rate - (Ratio)	8.06	0.78	2.72	0.14	-2.62
Current Domestic Taxes	12.34M	19.32M	-895K	-4.78M	462K
Current Foreign Taxes	4.36M	2.09M	-1.48M	676K	-194K
Total Current Taxes	16.7M	21.41M	-2.37M	-4.11M	268K
Deferred Domestic Taxes	-78.62M	-36.5M	-6.35M	3.6M	12.6M
Deferred Foreign Taxes	-59.69M	1.96M	-224K	-4.27M	-537K
Total Deferred Taxes	-138M	-34.55M	-6.58M	-667K	12.06M
Normalized Net Income	-262M	-1.02B	267M	-422M	-244M
Interest on Long-Term Debt	1.16M	1.67M	1.67M	2.02M	1.84M
Supplemental Operating Expense Items
Advertising Expense	78.47M	72.38M	104M	134M	28.66M
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	61.81M	57.58M	32.34M	21.72M	4.61M
Net Rental Expense, Total	10.34M	10.85M	5.24M	10.61M	8.53M
Imputed Operating Lease Interest Expense	707K	626K	2.6M	7.01M	6.91M
Imputed Operating Lease Depreciation	9.63M	10.22M	2.65M	3.6M	1.62M
Stock-Based Comp., S&M Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	320M	91.15M	47.52M	31.19M	14.18M
Total Stock-Based Compensation	320M	91.15M	47.52M	31.19M	14.18M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.3B	1.15B	776M	677M	170M
Short Term Investments	681M	1.16B	606M	107M	35.53M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	1.98B	2.32B	1.38B	784M	206M
Accounts Receivable, Total	51.17M	67.11M	78.06M	66.82M	44.94M
Other Receivables	38.99M	25.33M	18.38M	27.17M	6.9M
Total Receivables	90.16M	92.44M	96.44M	93.99M	51.85M
Inventory	412M	369M	205M	150M	78.05M
Prepaid Expenses	41.42M	28.35M	23.04M	27.46M	6.62M
Other Current Assets, Total	36.22M	30.4M	31.28M	21.88M	28.84M
Total Current Assets	2.56B	2.84B	1.74B	1.08B	371M
Gross Property Plant And Equipment	1.92B	1.3B	1.18B	611M	418M
Accumulated Depreciation	-391M	-223M	-233M	-112M	-98.18M
Net Property Plant And Equipment	1.52B	1.07B	943M	499M	320M
Long-term Investments	315M	708M	336M	206M	180M
Goodwill	1.95B	1.89B	1.87B	85.56M	43.24M
Other Intangibles, Total	476M	308M	253M	189M	104M
Loans Receivable Long-Term	-	-	85.54M	8.5M	8.37M
Other Long-Term Assets, Total	22.64M	4.96M	394M	374M	273M
Total Assets	6.86B	6.82B	5.62B	2.44B	1.3B
Liabilities
Accounts Payable, Total	123M	67.26M	64.27M	76.23M	28.67M
Accrued Expenses, Total	50.46M	55.86M	32.51M	37.16M	27.32M
Current Portion of Long-Term Debt	16.39M	9.83M	9.3M	557M	104M
Current Portion of Leases	40.36M	42.06M	38.04M	28.68M	15.17M
Current Income Taxes Payable	-	-	7.14M	5.73M	10.52M
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	190M	109M	61.64M	99.14M	49.1M
Total Current Liabilities	421M	284M	213M	804M	235M
Long-Term Debt	449M	1.57B	1.49B	750M	493M
Long-Term Leases	120M	94.16M	101M	80.62M	55.6M
Deferred Tax Liability Non Current	47.11M	21.38M	15.99M	357K	-
Other Non Current Liabilities	643M	1.23B	163M	44.26M	16.22M
Total Liabilities	1.68B	3.2B	1.98B	1.68B	800M
Common Stock, Total	6.37B	7.17B	7.48B	7.94B	8.24B
Additional Paid In Capital	2.62B	2.42B	2.52B	2.51B	2.6B
Retained Earnings	-4.32B	-6.07B	-6.37B	-9.67B	-10.33B
Comprehensive Income and Other	221M	-34.24M	-42.28M	-13.86M	-16.05M
Total Common Equity	4.89B	3.48B	3.59B	758M	500M
Minority Interest	292M	140M	40.54M	1.59M	139K
Total Equity	5.18B	3.62B	3.63B	760M	501M
Total Liabilities And Equity	6.86B	6.82B	5.62B	2.44B	1.3B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	36.99M	38.3M	40.29M	58.66M	76.2M
ECS Total Common Shares Outstanding	35.01M	38.29M	39.44M	51.73M	91.12M
Book Value / Share	139.57	90.94	91.02	14.66	5.49
Tangible Book Value	2.46B	1.28B	1.47B	484M	353M
Tangible Book Value Per Share	70.14	33.54	37.29	9.36	3.88
Total Debt	626M	1.72B	1.64B	1.42B	668M
Net Debt	-1.36B	-598M	258M	632M	462M
Debt Equivalent Oper. Leases	82.72M	86.77M	41.96M	84.86M	68.22M
Minority Interest, Total (Incl. Fin. Div)	292M	140M	40.54M	1.59M	139K
Equity Method Investments, Total	65.84M	100K	-	-	-
Account Code - Inventory Valuation	6	6	8	8	8
Inventories - Raw Materials, Total	36.84M	55.55M	26.82M	28.98M	18.87M
Inventories - Work In Process, Total	256M	224M	65.24M	34.1M	31.37M
Inventories - Finished Goods, Total	59.64M	88.77M	112M	85.82M	27.05M
Inventories - Others	38.67M	-	-	-	-
Land - (BS)	65M	34.75M	18.92M	16.78M	5.32M
Buildings, Total	877M	651M	767M	414M	306M
Machinery, Total	361M	274M	211M	124M	80.85M
Full Time Employees	4.43K	3.26K	3.15K	1.62K	1.03K
Part Time Employees	-	-	-	-	-
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	1.41M	4.76M	9.3M	9.9M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	-1.32B	-1.74B	-302M	-3.28B	-657M
Depreciation & Amortization - CF	73.72M	70.91M	76.25M	56.74M	28.38M
Amortization of Goodwill and Intangible Assets - (CF)	51.3M	56.2M	38.17M	27.78M	24.8M
Depreciation & Amortization, Total	125M	127M	114M	84.52M	53.18M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	109M	-	-	-
Asset Writedown & Restructuring Costs	623M	534M	333M	2.23B	53.8M
(Income) Loss On Equity Investments - (CF)	64.42M	52.63M	100K	-	-
Stock-Based Compensation (CF)	320M	91.15M	47.52M	31.19M	14.18M
Net Cash From Discontinued Operations	-	-	-	-	-53.53M
Other Operating Activities, Total	-215M	369M	-904M	311M	304M
Change In Accounts Receivable	20.98M	-11.99M	3.74M	-9.91M	-3.75M
Change In Inventories	-177M	17.21M	173M	55.64M	1.03M
Change In Accounts Payable	-20.75M	-9.63M	-35.84M	17.63M	9.12M
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets	-192M	77K	24.47M	2.48M	-2.43M
Cash from Operations	-773M	-466M	-546M	-558M	-282M
Capital Expenditure	-705M	-165M	-36.68M	-9.22M	-3.45M
Sale of Property, Plant, and Equipment	-	45.92M	27.28M	13.61M	154M
Cash Acquisitions	-499M	-153M	-14.95M	-24.22M	-
Divestitures	-	-	118M	14.93M	-955K
Sale (Purchase) of Intangible assets	-16.96M	8.7M	-11.43M	-1.34M	-547K
Investment in Marketable and Equity Securities, Total	1.29B	-498M	167M	435M	78.2M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-57M	-	-	-
Other Investing Activities, Total	-420M	-66.75M	-18.13M	4.18M	14.29M
Cash from Investing	-348M	-884M	231M	433M	242M
Long-Term Debt Issued, Total	14.76M	893M	-	135M	-
Total Debt Issued	14.76M	893M	-	135M	-
Long-Term Debt Repaid, Total	-115M	-15.62M	-50.76M	-118M	-510M
Total Debt Repaid	-115M	-15.62M	-50.76M	-118M	-510M
Issuance of Common Stock	41.86M	402M	8.27M	1.33M	81.06M
Other Financing Activities, Total	1.17M	-14.86M	-3.04M	-38M	-36.34M
Cash from Financing	-57.16M	1.26B	-45.53M	-19.69M	-465M
Foreign Exchange Rate Adjustments	-204K	-63.46M	-18.12M	44.86M	-1.29M
Net Change in Cash	-1.18B	-149M	-379M	-99M	-507M
Supplemental Items
Cash Interest Paid	25.47M	25.65M	119M	132M	98.12M
Cash Income Tax Paid (Refund)	5.46M	18.7M	1.34M	-4.33M	-4.16M
Levered Free Cash Flow	-978M	-372M	-249M	-162M	-48.84M
Unlevered Free Cash Flow	-974M	-366M	-184M	-83.22M	17M
Change In Net Working Capital	149M	71.96M	-98.19M	-105M	-34.24M
Net Debt Issued / Repaid	-100M	878M	-50.76M	16.98M	-510M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	-7.11	-5.22	-6.37	-7.3	-4.31
Return on Total Capital	-7.93	-6.41	-7.47	-7.9	-4.82
Return On Equity %	-22.65	-37.97	-8.84	-151.11	-76.74
Return on Common Equity	-22.65	-41.7	-8.55	-151	-76.85
Margin Analysis
Gross Profit Margin %	26.35	17	-15.75	-3.79	26.89
SG&A Margin	166.03	104.8	96.98	105.09	65.51
EBITDA Margin %	-188.65	-81.21	-99.87	-95.64	-25.5
EBITA Margin %