Balance Sheet ARC Resources Ltd.

Equities

ARX

CA00208D4084

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. Other stock markets 15:59:59 2024-09-13 EDT			5-day change	1st Jan Change
23.16 ^CAD	+1.36%		+3.72%	+17.74%

09-09	ARC Resources Maintains Outperform Rating, $32 Price Target at National Bank of Canada	MT
09-05	ARC Resources Maintained at Buy at TPH Following Asset Sale and Operations Update; Price Target at C$30.00	MT

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Published financial data: ARC RESOURCES LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.21B	1.13B	5.11B	8.64B	5.66B
Other Revenues, Total	8.3M	8.7M	15.6M	-	-
Total Revenues	1.22B	1.13B	5.13B	8.64B	5.66B
Cost of Goods Sold, Total	497M	447M	1.86B	3.09B	2.32B
Gross Profit	725M	687M	3.27B	5.55B	3.33B
Selling General & Admin Expenses, Total	84.2M	91.9M	167M	213M	212M
Exploration / Drilling Costs, Total	-	7.1M	-	-	-
Depreciation & Amortization - (IS)	535M	524M	1.06B	1.32B	1.41B
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	-	-
Other Operating Expenses	224M	28.3M	1.05B	1.01B	-341M
Other Operating Expenses, Total	843M	651M	2.28B	2.54B	1.28B
Operating Income	-118M	36.2M	993M	3.02B	2.06B
Interest Expense, Total	-48.3M	-45.6M	-126M	-97.2M	-92.3M
Interest And Investment Income	4.8M	800K	1.9M	20.1M	12.3M
Net Interest Expenses	-43.5M	-44.8M	-124M	-77.1M	-80M
Currency Exchange Gains (Loss)	35.5M	4M	11.3M	34.1M	-10.6M
EBT, Excl. Unusual Items	-126M	-4.6M	880M	2.97B	1.97B
Merger & Related Restructuring Charges	-	-	-22.1M	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	1.7M	-	-	-	84.4M
Asset Writedown	-3.9M	-750M	138M	3.6M	7.3M
EBT, Incl. Unusual Items	-128M	-755M	995M	2.98B	2.06B
Income Tax Expense	-101M	-208M	208M	676M	461M
Earnings From Continuing Operations	-27.6M	-547M	787M	2.3B	1.6B
Net Income to Company	-27.6M	-547M	787M	2.3B	1.6B
Net Income - (IS)	-27.6M	-547M	787M	2.3B	1.6B
Net Income to Common Incl Extra Items	-27.6M	-547M	787M	2.3B	1.6B
Net Income to Common Excl. Extra Items	-27.6M	-547M	787M	2.3B	1.6B
Per Share Items
Net EPS - Basic	-0.08	-1.55	1.26	3.48	2.62
Basic EPS - Continuing Operations	-0.08	-1.55	1.26	3.48	2.62
Basic Weighted Average Shares Outstanding	353M	353M	626M	661M	609M
Net EPS - Diluted	-0.08	-1.55	1.25	3.47	2.61
Diluted EPS - Continuing Operations	-0.08	-1.55	1.25	3.47	2.61
Diluted Weighted Average Shares Outstanding	353M	353M	627M	663M	611M
Normalized Basic EPS	-0.22	-0.01	0.88	2.81	2.02
Normalized Diluted EPS	-0.22	-0.01	0.88	2.8	2.01
Dividend Per Share	0.6	0.3	0.29	0.49	0.66
Payout Ratio	-769.57	-18.77	16.92	12.78	24.55
Supplemental Items
EBITDA	417M	566M	2.01B	4.25B	3.39B
EBITA	-111M	43.3M	1.01B	3.03B	2.07B
EBIT	-118M	36.2M	993M	3.02B	2.06B
EBITDAR	422M	568M	2.02B	4.28B	3.45B
Total Revenues (As Reported)	1.05B	1.12B	4.09B	7.66B	6.02B
Effective Tax Rate - (Ratio)	78.52	27.51	20.95	22.69	22.4
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	-14M	-26.8M	33.7M	288M	202M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-86.9M	-181M	175M	387M	259M
Normalized Net Income	-78.94M	-2.88M	550M	1.86B	1.23B
Interest on Long-Term Debt	41M	39.3M	117M	86.2M	92.3M
Supplemental Operating Expense Items
General and Administrative Expenses	81.1M	89.6M	161M	211M	209M
Exploration/Drilling Costs	-	7.1M	-	-	-
Net Rental Expense, Total	5.3M	2.4M	17.8M	31.1M	54.1M
Imputed Operating Lease Interest Expense	2.23M	1.05M	10.8M	11.09M	20M
Imputed Operating Lease Depreciation	3.07M	1.35M	7M	20.01M	34.1M
Stock-Based Comp., COGS (Total)	2.4M	2.7M	5.1M	7.1M	5.1M
Stock-Based Comp., G&A Exp. (Total)	22.9M	23.2M	54.4M	85.4M	60.5M
Stock-Based Comp., Other (Total)	3.6M	3M	1.5M	100K	-
Total Stock-Based Compensation	28.9M	28.9M	61M	92.6M	65.6M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	8.5M	400K	-	57.1M	1.1M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	8.5M	400K	-	57.1M	1.1M
Accounts Receivable, Total	116M	136M	635M	835M	505M
Other Receivables	-	-	-	-	78M
Total Receivables	116M	136M	635M	835M	583M
Inventory	-	1.6M	22.3M	6.7M	29.1M
Prepaid Expenses	8.9M	8.4M	35.6M	52.5M	103M
Other Current Assets, Total	60.2M	16.3M	37.3M	34.9M	178M
Total Current Assets	193M	162M	730M	986M	893M
Gross Property Plant And Equipment	9.51B	10B	15.47B	16.76B	18.62B
Accumulated Depreciation	-4.17B	-5.46B	-5.07B	-6.4B	-7.46B
Net Property Plant And Equipment	5.33B	4.54B	10.4B	10.36B	11.16B
Long-term Investments	-	-	2.5M	14.5M	19.7M
Goodwill	248M	248M	248M	248M	248M
Other Intangibles, Total	-	-	-	-	-
Loans Receivable Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	4.2M	-	-	13.3M	61.5M
Total Assets	5.78B	4.95B	11.38B	11.62B	12.38B
Liabilities
Accounts Payable, Total	139M	107M	710M	1.12B	698M
Accrued Expenses, Total	11.1M	18.4M	51.3M	70.3M	55.4M
Current Portion of Long-Term Debt	149M	147M	-	-	-
Current Portion of Leases	16.3M	15.3M	109M	92.4M	85.2M
Other Current Liabilities	49.3M	80.7M	640M	432M	143M
Total Current Liabilities	365M	368M	1.51B	1.72B	982M
Long-Term Debt	729M	555M	1.71B	990M	1.15B
Long-Term Leases	29.9M	33.9M	760M	703M	975M
Deferred Tax Liability Non Current	772M	591M	574M	962M	1.22B
Other Non Current Liabilities	442M	615M	902M	600M	629M
Total Liabilities	2.34B	2.16B	5.45B	4.97B	4.96B
Common Stock, Total	4.66B	4.66B	7.22B	6.5B	6.27B
Additional Paid In Capital	32.2M	36.5M	46.3M	39.9M	36.1M
Retained Earnings	-1.25B	-1.9B	-1.34B	139M	1.14B
Comprehensive Income and Other	-	-	-2.5M	-23.1M	-17.9M
Total Common Equity	3.44B	2.79B	5.93B	6.65B	7.43B
Total Equity	3.44B	2.79B	5.93B	6.65B	7.43B
Total Liabilities And Equity	5.78B	4.95B	11.38B	11.62B	12.38B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	353M	353M	694M	621M	597M
ECS Total Common Shares Outstanding	353M	353M	694M	621M	597M
Book Value / Share	9.73	7.9	8.55	10.72	12.44
Tangible Book Value	3.19B	2.54B	5.68B	6.41B	7.18B
Tangible Book Value Per Share	9.03	7.19	8.19	10.32	12.03
Total Debt	924M	751M	2.57B	1.79B	2.21B
Net Debt	915M	751M	2.57B	1.73B	2.21B
Debt Equivalent Oper. Leases	42.4M	19.2M	142M	249M	433M
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	438	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	47.8M	60.5M	6M	12.7M	4.6M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-27.6M	-547M	787M	2.3B	1.6B
Depreciation & Amortization - CF	535M	531M	1.06B	1.32B	1.41B
Amortization of Goodwill and Intangible Assets - (CF)	7.3M	7.1M	13.6M	13.7M	18.3M
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	543M	538M	1.08B	1.33B	1.42B
Amortization of Deferred Charges, Total - (CF)	100K	-	-	-	-
(Gain) Loss From Sale Of Asset	-1.7M	-	-	-2M	-84.4M
(Gain) Loss on Sale of Investments - (CF)	47.8M	12.9M	4M	6.7M	-7.3M
Asset Writedown & Restructuring Costs	3.9M	750M	-138M	-3.6M	-
Stock-Based Compensation (CF)	4.5M	4M	2.6M	1.2M	1.2M
Other Operating Activities, Total	128M	-90.2M	682M	76.9M	-290M
Change in Other Net Operating Assets	-58.6M	-11.9M	-409M	121M	-245M
Cash from Operations	639M	656M	2.01B	3.83B	2.39B
Capital Expenditure	-686M	-336M	-1.05B	-1.43B	-1.84B
Sale of Property, Plant, and Equipment	5M	1.8M	79.7M	11.9M	118M
Cash Acquisitions	-	-	4.9M	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-2.5M	-12M	-5.4M
Other Investing Activities, Total	7.4M	-30.6M	165M	15.7M	35.2M
Cash from Investing	-673M	-364M	-808M	-1.41B	-1.69B
Long-Term Debt Issued, Total	616M	2.21B	7.63B	7.03B	4.25B
Total Debt Issued	616M	2.21B	7.63B	7.03B	4.25B
Long-Term Debt Repaid, Total	-620M	-2.41B	-8.37B	-7.83B	-4.16B
Total Debt Repaid	-620M	-2.41B	-8.37B	-7.83B	-4.16B
Issuance of Common Stock	-	-	13.9M	29.4M	16.6M
Repurchase of Common Stock	-	-	-341M	-1.29B	-469M
Common Dividends Paid	-212M	-103M	-133M	-294M	-392M
Common & Preferred Stock Dividends Paid	-212M	-103M	-133M	-294M	-392M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-217M	-300M	-1.2B	-2.36B	-760M
Net Change in Cash	-251M	-8.1M	-400K	57.1M	-56M
Supplemental Items
Cash Interest Paid	42.9M	41M	119M	82.8M	88.1M
Cash Income Tax Paid (Refund)	20.6M	-24.8M	56.9M	-1.8M	510M
Levered Free Cash Flow	-107M	254M	1.25B	1.84B	189M
Unlevered Free Cash Flow	-77.24M	283M	1.33B	1.9B	247M
Change In Net Working Capital	-111M	-28.7M	-628M	-22.1M	690M
Net Debt Issued / Repaid	-4.2M	-197M	-739M	-806M	85.1M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-1.25	0.42	7.6	16.4	10.71
Return on Total Capital	-1.65	0.57	10.3	22.27	14.22
Return On Equity %	-0.78	-17.57	18.05	36.6	22.68
Return on Common Equity	-0.78	-17.57	18.05	36.6	22.68
Margin Analysis
Gross Profit Margin %	59.31	60.57	63.76	64.27	58.94
SG&A Margin	6.89	8.1	3.26	2.47	3.75
EBITDA Margin %	34.09	49.9	39.13	49.22	60.03
EBITA Margin %	-9.08	3.82	19.63	35.08	36.68
EBIT Margin %	-9.68	3.19	19.36	34.92	36.36
Income From Continuing Operations Margin %	-2.26	-48.24	15.34	26.64	28.23
Net Income Margin %	-2.26	-48.24	15.34	26.64	28.23
Net Avail. For Common Margin %	-2.26	-48.24	15.34	26.64	28.23
Normalized Net Income Margin	-6.46	-0.25	10.73	21.51	21.72
Levered Free Cash Flow Margin	-8.78	22.39	24.44	21.32	3.34
Unlevered Free Cash Flow Margin	-6.32	24.91	25.98	22.02	4.36
Asset Turnover
Asset Turnover	0.21	0.21	0.63	0.75	0.47
Fixed Assets Turnover	0.24	0.23	0.69	0.83	0.53
Receivables Turnover (Average Receivables)	12.11	8.96	13.27	11.76	8.42
Inventory Turnover (Average Inventory)	-	-	155.45	212.92	129.73
Short Term Liquidity
Current Ratio	0.53	0.44	0.48	0.57	0.91
Quick Ratio	0.34	0.37	0.42	0.52	0.6
Operating Cash Flow to Current Liabilities	1.75	1.78	1.33	2.23	2.44
Days Sales Outstanding (Average Receivables)	30.14	40.84	27.51	31.05	43.37
Days Outstanding Inventory (Average Inventory)	-	-	2.35	1.71	2.81
Average Days Payable Outstanding	110	-	79.36	108.77	141.56
Cash Conversion Cycle (Average Days)	-	-	-49.5	-76.01	-95.37
Long Term Solvency
Total Debt/Equity	26.86	26.92	43.43	26.83	29.74
Total Debt / Total Capital	21.17	21.21	30.28	21.16	22.92
LT Debt/Equity	22.05	21.11	41.59	25.44	28.59
Long-Term Debt / Total Capital	17.38	16.63	29	20.06	22.04
Total Liabilities / Total Assets	40.47	43.67	47.91	42.76	40.02
EBIT / Interest Expense	-2.45	0.79	7.87	31.05	22.28
EBITDA / Interest Expense	8.78	12.59	16.41	44.74	37.71
(EBITDA - Capex) / Interest Expense	-5.41	5.23	8.05	30.04	17.79
Total Debt / EBITDA	2.18	1.31	1.24	0.41	0.63
Net Debt / EBITDA	2.16	1.31	1.24	0.4	0.63
Total Debt / (EBITDA - Capex)