Income Statement Quebecor Inc.

Equities

QBR.A

CA7481931094

Integrated Telecommunications Services

Market Closed - Toronto S.E. Other stock markets 01:29:30 12/09/2024 am IST			5-day change	1st Jan Change
34.47 ^CAD	-1.82%		-1.51%	+0.70%

14/08	Quebecor Inc.'s Equity Buyback announced on August 10, 2023 has expired.	CI
08/08	Quebecor Brief: Keeps Outperform Rating and Target Raised To C$40 From $37 at National Bank On Q2 EBITDA ""Beat Even Ex Media One Timer, Big Wireless Adds, Return to Modest Internet Adds"	MT

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Published financial data: QUEBECOR INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	429.38Cr	431.78Cr	455.44Cr	453.19Cr	543.43Cr
Total Revenues	429.38Cr	431.78Cr	455.44Cr	453.19Cr	543.43Cr
Cost of Goods Sold, Total	171.35Cr	172.97Cr	189.62Cr	190.05Cr	244.1Cr
Gross Profit	258.03Cr	258.81Cr	265.82Cr	263.14Cr	299.33Cr
Selling General & Admin Expenses, Total	71Cr	69Cr	71Cr	70Cr	75Cr
Depreciation & Amortization - (IS)	75Cr	80Cr	78Cr	77Cr	91Cr
Other Operating Expenses	-	-	-	62L	-17L
Other Operating Expenses, Total	145.84Cr	149.6Cr	148.98Cr	147.57Cr	166.17Cr
Operating Income	112.19Cr	109.21Cr	116.84Cr	115.57Cr	133.16Cr
Interest Expense, Total	-32Cr	-32Cr	-33Cr	-32Cr	-40Cr
Net Interest Expenses	-32Cr	-32Cr	-33Cr	-32Cr	-40Cr
Currency Exchange Gains (Loss)	22L	17L	10L	-25L	4L
Other Non Operating Income (Expenses)	-57L	73L	1.76Cr	-1.51Cr	-99L
EBT, Excl. Unusual Items	80Cr	78Cr	86Cr	82Cr	92Cr
Restructuring Charges	-2.86Cr	-3.92Cr	-41L	-83L	-3Cr
Merger & Related Restructuring Charges	-	-	-	-	-1.56Cr
Impairment of Goodwill	-	-	-	-	-48L
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-37L
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	4.96Cr	-6.87Cr	-	-
EBT, Incl. Unusual Items	77Cr	79Cr	79Cr	81Cr	86Cr
Income Tax Expense	21Cr	21Cr	20Cr	21Cr	23Cr
Earnings From Continuing Operations	56Cr	58Cr	59Cr	60Cr	64Cr
Earnings Of Discontinued Operations	9.75Cr	3.32Cr	-	-	-
Net Income to Company	66Cr	62Cr	59Cr	60Cr	64Cr
Minority Interest	-55L	-1.02Cr	-1Cr	30L	1.54Cr
Net Income - (IS)	65Cr	61Cr	58Cr	60Cr	65Cr
Net Income to Common Incl Extra Items	65Cr	61Cr	58Cr	60Cr	65Cr
Net Income to Common Excl. Extra Items	56Cr	57Cr	58Cr	60Cr	65Cr
Per Share Items
Net EPS - Basic	2.55	2.41	2.38	2.55	2.82
Basic EPS - Continuing Operations	2.17	2.28	2.38	2.55	2.82
Basic Weighted Average Shares Outstanding	26Cr	25Cr	24Cr	24Cr	23Cr
Net EPS - Diluted	2.55	2.35	2.29	2.55	2.8
Diluted EPS - Continuing Operations	2.17	2.22	2.29	2.55	2.8
Diluted Weighted Average Shares Outstanding	26Cr	26Cr	25Cr	24Cr	24Cr
Normalized Basic EPS	1.92	1.9	2.16	2.19	2.55
Normalized Diluted EPS	1.92	1.86	2.12	2.19	2.49
Dividend Per Share	0.39	0.8	1.1	1.2	1.2
Payout Ratio	15.36	33.12	46.27	47.04	42.6
Supplemental Items
EBITDA	173.16Cr	171.42Cr	174.58Cr	170.42Cr	191.38Cr
EBITA	113.34Cr	109.21Cr	116.84Cr	115.57Cr	133.16Cr
EBIT	112.19Cr	109.21Cr	116.84Cr	115.57Cr	133.16Cr
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	26.84	26.05	25.08	26.34	26.41
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	11Cr	21Cr	26Cr	28Cr	22Cr
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	9.78Cr	-29L	-5.99Cr	-6.33Cr	67L
Normalized Net Income	49Cr	48Cr	53Cr	51Cr	59Cr
Interest on Long-Term Debt	32Cr	32Cr	33Cr	32Cr	40Cr
Non-Cash Pension Expense	88L	1.01Cr	1.01Cr	71L	85L
Supplemental Operating Expense Items
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., Other (Total)	1.36Cr	49L	-38L	47L	75L
Total Stock-Based Compensation	1.36Cr	49L	-38L	47L	75L

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.4Cr	14Cr	6.47Cr	66L	1.11Cr
Total Cash And Short Term Investments	1.4Cr	14Cr	6.47Cr	66L	1.11Cr
Accounts Receivable, Total	63Cr	67Cr	74Cr	74Cr	109.97Cr
Other Receivables	11Cr	11Cr	14Cr	16Cr	25Cr
Total Receivables	74Cr	78Cr	88Cr	90Cr	134.95Cr
Inventory	12Cr	11Cr	14Cr	20Cr	32Cr
Prepaid Expenses	-	-	-	-	-
Restricted Cash	-	-	16Cr	3.93Cr	-
Other Current Assets, Total	24Cr	25Cr	27Cr	66Cr	52Cr
Total Current Assets	111.1Cr	128.08Cr	152.35Cr	181.01Cr	219.43Cr
Gross Property Plant And Equipment	934.58Cr	960.08Cr	983.42Cr	1TCr	1.11TCr
Accumulated Depreciation	-581.95Cr	-626.85Cr	-662.32Cr	-698.58Cr	-734.93Cr
Net Property Plant And Equipment	352.63Cr	333.23Cr	321.1Cr	305.3Cr	375.87Cr
Long-term Investments	68Cr	61Cr	16Cr	15Cr	15Cr
Goodwill	269.29Cr	271.4Cr	271.85Cr	272.6Cr	272.12Cr
Other Intangibles, Total	149.87Cr	152.4Cr	241.66Cr	236.33Cr	346.55Cr
Accounts Receivable Long-Term	5.32Cr	7.23Cr	13Cr	13Cr	22Cr
Deferred Tax Assets Long-Term	3.12Cr	4.55Cr	3.92Cr	2.2Cr	2.34Cr
Deferred Charges Long-Term	5.77Cr	8.83Cr	11Cr	9.95Cr	10Cr
Other Long-Term Assets, Total	7.51Cr	20Cr	46Cr	27Cr	11Cr
Total Assets	972.59Cr	986.16Cr	1.08TCr	1.06TCr	1.27TCr
Liabilities
Accounts Payable, Total	58Cr	67Cr	68Cr	77Cr	93Cr
Accrued Expenses, Total	22Cr	19Cr	16Cr	16Cr	23Cr
Short-term Borrowings	2.94Cr	17L	-	1.01Cr	96L
Current Portion of Long-Term Debt	5.72Cr	2.85Cr	5.65Cr	116.11Cr	163.06Cr
Current Portion of Leases	3.13Cr	3.43Cr	3.61Cr	3.7Cr	9.85Cr
Current Income Taxes Payable	42L	7Cr	4.74Cr	3.12Cr	2.47Cr
Unearned Revenue Current, Total	33Cr	31Cr	47Cr	35Cr	37Cr
Other Current Liabilities	1.59Cr	1.84Cr	1.49Cr	1.75Cr	3.06Cr
Total Current Liabilities	126.44Cr	131.42Cr	147.31Cr	253.48Cr	331.99Cr
Long-Term Debt	605.24Cr	589.7Cr	664.12Cr	546.77Cr	615.18Cr
Long-Term Leases	11Cr	14Cr	15Cr	15Cr	28Cr
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	22Cr	32Cr	17Cr	6.57Cr	5.52Cr
Deferred Tax Liability Non Current	86Cr	85Cr	83Cr	78Cr	81Cr
Other Non Current Liabilities	15Cr	13Cr	13Cr	14Cr	29Cr
Total Liabilities	865.38Cr	864.75Cr	938.42Cr	914.18Cr	1.09TCr
Common Stock, Total	105.59Cr	101.78Cr	97Cr	92Cr	91Cr
Additional Paid In Capital	1.74Cr	1.74Cr	1.74Cr	1.74Cr	1.74Cr
Retained Earnings	-3.17Cr	21Cr	29Cr	42Cr	79Cr
Comprehensive Income and Other	-6.41Cr	-13Cr	-1.93Cr	18L	58L
Total Common Equity	98Cr	111.26Cr	125.56Cr	135.73Cr	172.69Cr
Minority Interest	9.46Cr	10Cr	12Cr	13Cr	11Cr
Total Equity	107.21Cr	121.41Cr	137.88Cr	148.35Cr	183.77Cr
Total Liabilities And Equity	972.59Cr	986.16Cr	1.08TCr	1.06TCr	1.27TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	25Cr	25Cr	24Cr	23Cr	23Cr
ECS Total Common Shares Outstanding	25Cr	25Cr	24Cr	23Cr	23Cr
Book Value / Share	3.84	4.48	5.25	5.88	7.49
Tangible Book Value	-321.41Cr	-312.54Cr	-387.95Cr	-373.2Cr	-445.98Cr
Tangible Book Value Per Share	-12.62	-12.59	-16.21	-16.16	-19.33
Total Debt	627.69Cr	610.05Cr	688.09Cr	682.51Cr	816.82Cr
Net Debt	626.29Cr	596.38Cr	681.62Cr	681.85Cr	815.71Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	15Cr	24Cr	5.93Cr	-12Cr	-8.86Cr
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	9.46Cr	10Cr	12Cr	13Cr	11Cr
Account Code - Inventory Valuation	3	3	3	-	3
Inventories - Raw Materials, Total	2.76Cr	2.91Cr	-	-	-
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	9.35Cr	8.36Cr	-	-	-
Film Contract & Broadcasting Rights - Long-Term, Total	5.47Cr	5.73Cr	7.25Cr	8.83Cr	8.04Cr
Land - (BS)	64Cr	67Cr	66Cr	66Cr	68Cr
Machinery, Total	198.53Cr	202.68Cr	185.48Cr	177.57Cr	172.85Cr
Full Time Employees	10T	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	1.96Cr	2.08Cr	1.85Cr	1.53Cr	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	65Cr	61Cr	58Cr	60Cr	65Cr
Depreciation & Amortization - CF	63Cr	66Cr	62Cr	59Cr	68Cr
Amortization of Goodwill and Intangible Assets - (CF)	1.15Cr	-	-	-	-
Depreciation & Amortization, Total	65Cr	66Cr	62Cr	59Cr	68Cr
Amortization of Deferred Charges, Total - (CF)	11Cr	15Cr	17Cr	18Cr	24Cr
(Gain) Loss From Sale Of Asset	-	-	-1.94Cr	5L	-29L
Asset Writedown & Restructuring Costs	1.88Cr	85L	15L	37L	85L
Net Cash From Discontinued Operations	-7L	71L	-	-	-
Other Operating Activities, Total	1.1Cr	-3.55Cr	1.75Cr	-5.31Cr	-22L
Change In Accounts Receivable	33L	-8.22Cr	-12Cr	-78L	-14Cr
Change In Inventories	-3.21Cr	-1.25Cr	-4.69Cr	-14Cr	-2.58Cr
Change In Accounts Payable	-1.84Cr	9.05Cr	2.35Cr	8.1Cr	8.68Cr
Change in Unearned Revenues	-1.29Cr	-2.97Cr	63L	-35L	-81L
Change In Income Taxes	-13Cr	7.95Cr	-2.47Cr	-1.91Cr	-6.5Cr
Change in Other Net Operating Assets	-3.61Cr	-56L	-2.86Cr	2.49Cr	4.47Cr
Cash from Operations	121.11Cr	143.86Cr	118.26Cr	126.27Cr	146.22Cr
Capital Expenditure	-50Cr	-45Cr	-43Cr	-40Cr	-40Cr
Sale of Property, Plant, and Equipment	42L	44L	77L	70L	17L
Cash Acquisitions	-3.56Cr	-4.71Cr	-2.1Cr	-2.21Cr	-206.96Cr
Divestitures	26Cr	2L	-	-	-
Sale (Purchase) of Intangible assets	-50Cr	-21Cr	-101.87Cr	-9.14Cr	-17Cr
Investment in Marketable and Equity Securities, Total	-	-	-7.52Cr	-66L	-70L
Other Investing Activities, Total	-3.06Cr	-1.83Cr	-	-12Cr	-3.93Cr
Cash from Investing	-80Cr	-71Cr	-153.65Cr	-63Cr	-267.75Cr
Short Term Debt Issued, Total	51L	-	-	1.01Cr	-
Long-Term Debt Issued, Total	80Cr	-	225.66Cr	-	239.15Cr
Total Debt Issued	81Cr	-	225.66Cr	1.01Cr	239.15Cr
Short Term Debt Repaid, Total	-	-2.77Cr	-17L	-	-5L
Long-Term Debt Repaid, Total	-111.75Cr	-17Cr	-160.65Cr	-30Cr	-123.26Cr
Total Debt Repaid	-111.75Cr	-20Cr	-160.82Cr	-30Cr	-123.31Cr
Issuance of Common Stock	83L	-	-	-	-
Repurchase of Common Stock	-9.46Cr	-20Cr	-28Cr	-24Cr	-78L
Common Dividends Paid	-10Cr	-20Cr	-27Cr	-28Cr	-28Cr
Common & Preferred Stock Dividends Paid	-10Cr	-20Cr	-27Cr	-28Cr	-28Cr
Other Financing Activities, Total	8.07Cr	-18L	18Cr	-29L	31Cr
Cash from Financing	-42Cr	-60Cr	28Cr	-81Cr	118.05Cr
Net Change in Cash	-70L	12Cr	-7.2Cr	-18Cr	-3.48Cr
Supplemental Items
Cash Interest Paid	31Cr	32Cr	33Cr	31Cr	39Cr
Cash Income Tax Paid (Refund)	24Cr	13Cr	28Cr	28Cr	29Cr
Levered Free Cash Flow	13Cr	69Cr	-36Cr	42Cr	82Cr
Unlevered Free Cash Flow	32Cr	89Cr	-16Cr	61Cr	106.04Cr
Change In Net Working Capital	15Cr	-4.81Cr	22Cr	40Cr	13Cr
Net Debt Issued / Repaid	-31Cr	-20Cr	65Cr	-29Cr	115.84Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	7.23	6.97	7.08	6.75	7.12
Return on Total Capital	9.56	9.31	9.36	8.72	9.09
Return On Equity %	68.37	51.11	45.39	41.69	38.25
Return on Common Equity	76.2	54.93	48.85	45.9	42.18
Margin Analysis
Gross Profit Margin %	60.09	59.94	58.37	58.06	55.08
SG&A Margin	16.49	16.05	15.5	15.49	13.88
EBITDA Margin %	40.33	39.7	38.33	37.6	35.22
EBITA Margin %	26.4	25.29	25.65	25.5	24.5
EBIT Margin %	26.13	25.29	25.65	25.5	24.5
Income From Continuing Operations Margin %	13.06	13.53	12.92	13.17	11.69
Net Income Margin %	15.2	14.06	12.7	13.23	11.97
Net Avail. For Common Margin %	12.93	13.29	12.7	13.23	11.97
Normalized Net Income Margin	11.45	11.05	11.56	11.35	10.83
Levered Free Cash Flow Margin	2.97	16.05	-7.82	9.2	15.01
Unlevered Free Cash Flow Margin	7.49	20.51	-3.48	13.45	19.51
Asset Turnover
Asset Turnover	0.44	0.44	0.44	0.42	0.47
Fixed Assets Turnover	1.21	1.26	1.39	1.45	1.6
Receivables Turnover (Average Receivables)