Cash flow ARC Resources Ltd.

Equities

ARX

CA00208D4084

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. Other stock markets 16:31:30 2025-07-18 EDT			5-day change	1st Jan Change
27.20 ^CAD	+1.72%		-1.48%	+4.33%

07-03	ARC Resources Maintained at Outperform at BMO as Montney Buy Closes; Price Target Raised to C$33.00	MT
07-02	ARC Resources Closes its $1.6-Billion Acquisition of Assets in the Alberta's Montney Field	MT

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Published financial data: ARC RESOURCES LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	1.13B	5.11B	8.64B	5.66B	5.1B
Other Revenues, Total	8.7M	15.6M	-	-	-
Total Revenues	1.13B	5.13B	8.64B	5.66B	5.1B
Cost of Goods Sold, Total	447M	1.86B	3.09B	2.32B	2.27B
Gross Profit	687M	3.27B	5.55B	3.33B	2.83B
Selling General & Admin Expenses, Total	91.9M	167M	213M	212M	248M
Exploration / Drilling Costs, Total	7.1M	-	-	-	-
Depreciation & Amortization - (IS)	524M	1.06B	1.32B	1.41B	1.36B
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	-	-
Other Operating Expenses	28.3M	1.05B	1.01B	-341M	-259M
Other Operating Expenses, Total	651M	2.28B	2.54B	1.28B	1.35B
Operating Income	36.2M	993M	3.02B	2.06B	1.48B
Interest Expense, Total	-45.6M	-126M	-97.2M	-92.3M	-120M
Interest And Investment Income	800K	1.9M	20.1M	12.3M	20.2M
Net Interest Expenses	-44.8M	-124M	-77.1M	-80M	-99.5M
Currency Exchange Gains (Loss)	4M	11.3M	34.1M	-10.6M	-1.3M
EBT, Excl. Unusual Items	-4.6M	880M	2.97B	1.97B	1.38B
Merger & Related Restructuring Charges	-	-22.1M	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	84.4M	80M
Asset Writedown	-750M	138M	3.6M	7.3M	-5.5M
EBT, Incl. Unusual Items	-755M	995M	2.98B	2.06B	1.46B
Income Tax Expense	-208M	208M	676M	461M	331M
Earnings From Continuing Operations	-547M	787M	2.3B	1.6B	1.12B
Net Income to Company	-547M	787M	2.3B	1.6B	1.12B
Net Income - (IS)	-547M	787M	2.3B	1.6B	1.12B
Net Income to Common Incl Extra Items	-547M	787M	2.3B	1.6B	1.12B
Net Income to Common Excl. Extra Items	-547M	787M	2.3B	1.6B	1.12B
Per Share Items
Net EPS - Basic	-1.55	1.26	3.48	2.62	1.89
Basic EPS - Continuing Operations	-1.55	1.26	3.48	2.62	1.89
Basic Weighted Average Shares Outstanding	353M	626M	661M	609M	595M
Net EPS - Diluted	-1.55	1.25	3.47	2.61	1.88
Diluted EPS - Continuing Operations	-1.55	1.25	3.47	2.61	1.88
Diluted Weighted Average Shares Outstanding	353M	627M	663M	611M	596M
Normalized Basic EPS	-0.01	0.88	2.81	2.02	1.45
Normalized Diluted EPS	-0.01	0.88	2.8	2.01	1.45
Dividend Per Share	0.3	0.29	0.49	0.66	0.7
Payout Ratio	-18.77	16.92	12.78	24.55	36.09
Supplemental Items
EBITDA	566M	2.01B	4.25B	3.39B	2.74B
EBITA	43.3M	1.01B	3.03B	2.07B	1.49B
EBIT	36.2M	993M	3.02B	2.06B	1.48B
EBITDAR	568M	2.02B	4.28B	3.45B	2.77B
Total Revenues (As Reported)	1.12B	4.09B	7.66B	6.02B	5.39B
Effective Tax Rate - (Ratio)	27.51	20.95	22.69	22.4	22.74
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	-26.8M	33.7M	288M	202M	200M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-181M	175M	387M	259M	130M
Normalized Net Income	-2.88M	550M	1.86B	1.23B	863M
Interest on Long-Term Debt	39.3M	117M	86.2M	92.3M	120M
Supplemental Operating Expense Items
General and Administrative Expenses	89.6M	161M	211M	209M	248M
Exploration/Drilling Costs	7.1M	-	-	-	-
Net Rental Expense, Total	2.4M	17.8M	31.1M	54.1M	35.6M
Imputed Operating Lease Interest Expense	1.05M	10.8M	11.09M	20M	14.83M
Imputed Operating Lease Depreciation	1.35M	7M	20.01M	34.1M	20.77M
Stock-Based Comp., COGS (Total)	2.7M	5.1M	7.1M	5.1M	6.6M
Stock-Based Comp., G&A Exp. (Total)	23.2M	54.4M	85.4M	60.5M	84.8M
Stock-Based Comp., Other (Total)	3M	1.5M	100K	-	-
Total Stock-Based Compensation	28.9M	61M	92.6M	65.6M	91.4M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	400K	-	57.1M	1.1M	-
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	400K	-	57.1M	1.1M	-
Accounts Receivable, Total	136M	635M	835M	505M	609M
Other Receivables	-	-	-	78M	81.7M
Total Receivables	136M	635M	835M	583M	691M
Inventory	1.6M	22.3M	6.7M	29.1M	12.4M
Prepaid Expenses	8.4M	35.6M	52.5M	103M	107M
Other Current Assets, Total	16.3M	37.3M	34.9M	178M	190M
Total Current Assets	162M	730M	986M	893M	1B
Gross Property Plant And Equipment	10B	15.47B	16.76B	18.62B	20.79B
Accumulated Depreciation	-5.46B	-5.07B	-6.4B	-7.46B	-9.12B
Net Property Plant And Equipment	4.54B	10.4B	10.36B	11.16B	11.67B
Long-term Investments	-	2.5M	14.5M	19.7M	27.7M
Goodwill	248M	248M	248M	248M	248M
Loans Receivable Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	-	-	13.3M	61.5M	154M
Total Assets	4.95B	11.38B	11.62B	12.38B	13.1B
Liabilities
Accounts Payable, Total	107M	710M	1.12B	698M	574M
Accrued Expenses, Total	18.4M	51.3M	70.3M	55.4M	60M
Current Portion of Long-Term Debt	147M	-	-	-	-
Current Portion of Leases	15.3M	109M	92.4M	85.2M	92.8M
Other Current Liabilities	80.7M	640M	432M	143M	154M
Total Current Liabilities	368M	1.51B	1.72B	982M	881M
Long-Term Debt	555M	1.71B	990M	1.15B	1.39B
Long-Term Leases	33.9M	760M	703M	975M	908M
Deferred Tax Liability Non Current	591M	574M	962M	1.22B	1.35B
Other Non Current Liabilities	615M	902M	600M	629M	624M
Total Liabilities	2.16B	5.45B	4.97B	4.96B	5.15B
Common Stock, Total	4.66B	7.22B	6.5B	6.27B	6.19B
Additional Paid In Capital	36.5M	46.3M	39.9M	36.1M	31.6M
Retained Earnings	-1.9B	-1.34B	139M	1.14B	1.73B
Comprehensive Income and Other	-	-2.5M	-23.1M	-17.9M	-6.2M
Total Common Equity	2.79B	5.93B	6.65B	7.43B	7.95B
Total Equity	2.79B	5.93B	6.65B	7.43B	7.95B
Total Liabilities And Equity	4.95B	11.38B	11.62B	12.38B	13.1B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	353M	694M	621M	597M	590M
ECS Total Common Shares Outstanding	353M	694M	621M	597M	590M
Book Value / Share	7.9	8.55	10.72	12.44	13.48
Tangible Book Value	2.54B	5.68B	6.41B	7.18B	7.7B
Tangible Book Value Per Share	7.19	8.19	10.32	12.03	13.06
Total Debt	751M	2.57B	1.79B	2.21B	2.39B
Net Debt	751M	2.57B	1.73B	2.21B	2.39B
Debt Equivalent Oper. Leases	19.2M	142M	249M	433M	285M
Account Code - Inventory Valuation	3	3	3	6	6
Full Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	60.5M	6M	12.7M	4.6M	6.9M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-547M	787M	2.3B	1.6B	1.12B
Depreciation & Amortization - CF	531M	1.06B	1.32B	1.41B	1.36B
Amortization of Goodwill and Intangible Assets - (CF)	7.1M	13.6M	13.7M	18.3M	11.3M
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	538M	1.08B	1.33B	1.42B	1.37B
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-2M	-84.4M	-80M
(Gain) Loss on Sale of Investments - (CF)	12.9M	4M	6.7M	-7.3M	2.3M
Asset Writedown & Restructuring Costs	750M	-138M	-3.6M	-	3.2M
Stock-Based Compensation (CF)	4M	2.6M	1.2M	1.2M	1M
Other Operating Activities, Total	-90.2M	682M	76.9M	-290M	53.1M
Change in Other Net Operating Assets	-11.9M	-409M	121M	-245M	-124M
Cash from Operations	656M	2.01B	3.83B	2.39B	2.35B
Capital Expenditure	-336M	-1.05B	-1.43B	-1.84B	-1.83B
Sale of Property, Plant, and Equipment	1.8M	79.7M	11.9M	118M	80M
Cash Acquisitions	-	4.9M	-	-	-
Investment in Marketable and Equity Securities, Total	-	-2.5M	-12M	-5.4M	-6.8M
Other Investing Activities, Total	-30.6M	165M	15.7M	35.2M	-146M
Cash from Investing	-364M	-808M	-1.41B	-1.69B	-1.91B
Long-Term Debt Issued, Total	2.21B	7.63B	7.03B	4.25B	7.35B
Total Debt Issued	2.21B	7.63B	7.03B	4.25B	7.35B
Long-Term Debt Repaid, Total	-2.41B	-8.37B	-7.83B	-4.16B	-7.2B
Total Debt Repaid	-2.41B	-8.37B	-7.83B	-4.16B	-7.2B
Issuance of Common Stock	-	13.9M	29.4M	16.6M	16.5M
Repurchase of Common Stock	-	-341M	-1.29B	-469M	-202M
Common Dividends Paid	-103M	-133M	-294M	-392M	-406M
Common & Preferred Stock Dividends Paid	-103M	-133M	-294M	-392M	-406M
Other Financing Activities, Total	-	-	-	-	4.7M
Cash from Financing	-300M	-1.2B	-2.36B	-760M	-444M
Net Change in Cash	-8.1M	-400K	57.1M	-56M	-1.1M
Supplemental Items
Cash Interest Paid	41M	119M	82.8M	88.1M	117M
Cash Income Tax Paid (Refund)	-24.8M	56.9M	-1.8M	510M	200M
Levered Free Cash Flow	254M	1.25B	1.84B	189M	261M
Unlevered Free Cash Flow	283M	1.33B	1.9B	247M	336M
Change In Net Working Capital	-28.7M	-628M	-22.1M	690M	217M
Net Debt Issued / Repaid	-197M	-739M	-806M	85.1M	143M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.42	7.6	16.4	10.71	7.27
Return on Total Capital	0.57	10.3	22.27	14.22	9.27
Return On Equity %	-17.57	18.05	36.6	22.68	14.62
Return on Common Equity	-17.57	18.05	36.6	22.68	14.62
Margin Analysis
Gross Profit Margin %	60.57	63.76	64.27	58.94	55.47
SG&A Margin	8.1	3.26	2.47	3.75	4.87
EBITDA Margin %	49.9	39.13	49.22	60.03	53.68
EBITA Margin %	3.82	19.63	35.08	36.68	29.27
EBIT Margin %	3.19	19.36	34.92	36.36	29.05
Income From Continuing Operations Margin %	-48.24	15.34	26.64	28.23	22.05
Net Income Margin %	-48.24	15.34	26.64	28.23	22.05
Net Avail. For Common Margin %	-48.24	15.34	26.64	28.23	22.05
Normalized Net Income Margin	-0.25	10.73	21.51	21.72	16.92
Levered Free Cash Flow Margin	22.39	24.44	21.32	3.34	5.12
Unlevered Free Cash Flow Margin	24.91	25.98	22.02	4.36	6.59
Asset Turnover
Asset Turnover	0.21	0.63	0.75	0.47	0.4
Fixed Assets Turnover	0.23	0.69	0.83	0.53	0.45
Receivables Turnover (Average Receivables)	8.96	13.27	11.76	8.42	9.15
Inventory Turnover (Average Inventory)	-	155.45	212.92	129.73	109.43
Short Term Liquidity
Current Ratio	0.44	0.48	0.57	0.91	1.14
Quick Ratio	0.37	0.42	0.52	0.6	0.78
Operating Cash Flow to Current Liabilities	1.78	1.33	2.23	2.44	2.67
Days Sales Outstanding (Average Receivables)	40.84	27.51	31.05	43.37	39.99
Days Outstanding Inventory (Average Inventory)	-	2.35	1.71	2.81	3.34
Average Days Payable Outstanding	-	79.36	108.77	141.56	103.3
Cash Conversion Cycle (Average Days)	-	-49.5	-76.01	-95.37	-59.96
Long Term Solvency
Total Debt/Equity	26.92	43.43	26.83	29.74	30.05
Total Debt / Total Capital	21.21	30.28	21.16	22.92	23.11
LT Debt/Equity	21.11	41.59	25.44	28.59	28.89
Long-Term Debt / Total Capital	16.63	29	20.06	22.04	22.21
Total Liabilities / Total Assets	43.67	47.91	42.76	40.02	39.33
EBIT / Interest Expense	0.79	7.87	31.05	22.28	12.38
EBITDA / Interest Expense	12.59	16.41	44.74	37.71	23.81
(EBITDA - Capex) / Interest Expense	5.23	8.05	30.04	17.79	8.5
Total Debt / EBITDA	1.31	1.24	0.41	0.63	0.84
Net Debt / EBITDA	1.31	1.24	0.4	0.63	0.84
Total Debt / (EBITDA - Capex)	3.15	2.54	0.61	1.35	2.35
Net Debt / (EBITDA - Capex)	3.15	2.54	0.59	1.34	2.35
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-7.19	351.9	69.08	-34.56	-9.83
Gross Profit, 1 Yr. Growth %	-5.21	375.74	70.72	-39.99	-15.14
EBITDA, 1 Yr. Growth %	35.85	254.32	114.49	-20.1	-19.37
EBITA, 1 Yr. Growth %	-139.01	2.22K	206.01	-31.47	-28.05
EBIT, 1 Yr. Growth %	-130.6	2.64K	208.86	-31.76	-27.96
Earnings From Cont. Operations, 1 Yr. Growth %	1.88K	-243.75	192.69	-30.66	-29.59
Net Income, 1 Yr. Growth %	1.88K	-243.75	192.69	-30.66	-29.59
Normalized Net Income, 1 Yr. Growth %	-96.36	-19.22K	238.14	-34.02	-29.77
Diluted EPS Before Extra, 1 Yr. Growth %	1.84K	-180.65	177.6	-24.78	-27.97
Accounts Receivable, 1 Yr. Growth %	17.3	368.14	31.58	-39.81	20.65
Inventory, 1 Yr. Growth %	-	1.29K	-69.96	334.33	-57.39
Net Property, Plant and Equip., 1 Yr. Growth %	-14.8	128.88	-0.37	7.71	4.56
Total Assets, 1 Yr. Growth %	-14.26	129.71	2.14	6.53	5.79
Tangible Book Value, 1 Yr. Growth %	-20.34	123.38	12.78	12.09	7.25
Common Equity, 1 Yr. Growth %	-18.88	112.41	12.25	11.64	7.01
Cash From Operations, 1 Yr. Growth %	2.65	206.01	91.04	-37.54	-1.91
Capital Expenditures, 1 Yr. Growth %	-51.07	214.43	35.44	28.66	-0.29
Levered Free Cash Flow, 1 Yr. Growth %	-336.47	396.13	48.19	-89.77	38.17
Unlevered Free Cash Flow, 1 Yr. Growth %	-465.79	373.86	43.95	-87.02	36.19
Dividend Per Share, 1 Yr. Growth %	-50	-4.67	71.33	34.69	6.06
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-9.85	104.79	176	5.19	-23.18
Gross Profit, 2 Yr. CAGR %	-9.27	112.35	184.31	1.22	-28.64
EBITDA, 2 Yr. CAGR %	-19.04	119.4	174.09	30.84	-19.74
EBITA, 2 Yr. CAGR %	-64.6	201.08	736.7	44.71	-29.78
EBIT, 2 Yr. CAGR %	-67.09	189.66	813.01	45.07	-29.89
Earnings From Cont. Operations, 2 Yr. CAGR %	59.98	433.85	105.12	42.46	-30.13
Net Income, 2 Yr. CAGR %	59.98	433.85	105.12	42.46	-30.13
Normalized Net Income, 2 Yr. CAGR %	-85.7	163.92	2.44K	49.48	-31.93
Diluted EPS Before Extra, 2 Yr. CAGR %	60.73	295.28	49.62	44.5	-26.39
Accounts Receivable, 2 Yr. CAGR %	26.38	134.34	148.19	-10.81	-14.78
Inventory, 2 Yr. CAGR %	-	-	104.63	14.23	36.04
Net Property, Plant and Equip., 2 Yr. CAGR %	-5.3	39.65	51.01	3.59	6.12
Total Assets, 2 Yr. CAGR %	-9.25	40.34	53.18	4.31	6.16
Tangible Book Value, 2 Yr. CAGR %	-13.88	33.39	58.73	12.44	9.64
Common Equity, 2 Yr. CAGR %	-12.87	31.27	54.41	11.94	9.3
Cash From Operations, 2 Yr. CAGR %	-12.82	77.23	141.79	9.24	-21.73
Capital Expenditures, 2 Yr. CAGR %	-29.77	24.03	106.37	32.01	13.26
Levered Free Cash Flow, 2 Yr. CAGR %	49.48	241.51	170.09	-61	-62.4
Unlevered Free Cash Flow, 2 Yr. CAGR %	38.46	315.23	160.22	-56.8	-57.96
Dividend Per Share, 2 Yr. CAGR %	-29.29	-30.96	27.8	51.91	19.52
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.09	54.28	91.93	70.83	-0.08
Gross Profit, 3 Yr. CAGR %	-1.41	57.62	97.14	69.28	-4.56
EBITDA, 3 Yr. CAGR %	-15.24	32.43	116.91	81.67	11.34
EBITA, 3 Yr. CAGR %	-56.19	42.81	201.14	263.2	14.64
EBIT, 3 Yr. CAGR %	-58.37	43.74	194.37	284.4	14.88
Earnings From Cont. Operations, 3 Yr. CAGR %	12.06	54.38	336.94	42.89	12.64
Net Income, 3 Yr. CAGR %	12.06	54.38	336.94	42.89	12.64
Normalized Net Income, 3 Yr. CAGR %	-79.31	57.54	186.64	653.2	16.21
Diluted EPS Before Extra, 3 Yr. CAGR %	12.11	27.72	251.36	18.97	14.57
Accounts Receivable, 3 Yr. CAGR %	0.8	95.54	93.33	55	-1.36
Inventory, 3 Yr. CAGR %	-	-	-	162.98	-17.77
Net Property, Plant and Equip., 3 Yr. CAGR %	-2.96	27.09	24.78	34.92	3.91
Total Assets, 3 Yr. CAGR %	-7.32	23.67	26.24	35.71	4.8
Tangible Book Value, 3 Yr. CAGR %	-9.42	18.33	26.14	41.35	10.68
Common Equity, 3 Yr. CAGR %	-8.72	17.27	24.6	38.59	10.27
Cash From Operations, 3 Yr. CAGR %	-0.85	32.49	81.72	53.99	5.39
Capital Expenditures, 3 Yr. CAGR %	-28.8	15.75	27.73	76.3	20.22
Levered Free Cash Flow, 3 Yr. CAGR %	-5.14	122.53	157.87	-9.2	-40.55
Unlevered Free Cash Flow, 3 Yr. CAGR %	1.62	108.29	190.98	-4.25	-36.65
Dividend Per Share, 3 Yr. CAGR %	-20.63	-21.88	-6.53	30.06	34.77
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.79	39.38	48.21	32.29	33.06
Gross Profit, 5 Yr. CAGR %	-0.24	40.83	50.6	31.9	31.3
EBITDA, 5 Yr. CAGR %	-10.11	34.59	35.54	31.49	45.71
EBITA, 5 Yr. CAGR %	-21.74	117.02	42.56	43.12	68.16
EBIT, 5 Yr. CAGR %	-25.8	157.31	43.17	43.82	65.78
Earnings From Cont. Operations, 5 Yr. CAGR %	9.81	31.34	42.71	49.5	109.88
Net Income, 5 Yr. CAGR %	9.81	31.34	42.71	49.5	109.88
Normalized Net Income, 5 Yr. CAGR %	-58.85	153.52	41.76	54.26	61.33
Diluted EPS Before Extra, 5 Yr. CAGR %	8.94	17.01	25.83	34.18	88.02
Accounts Receivable, 5 Yr. CAGR %	3.12	31.05	44.54	42.85	39.44
Net Property, Plant and Equip., 5 Yr. CAGR %	-1.64	18.6	15.82	17.11	16.95
Total Assets, 5 Yr. CAGR %	-3.54	13.69	13.31	15.53	17.79
Tangible Book Value, 5 Yr. CAGR %	-4.14	11.9	13.37	15.94	19.26
Common Equity, 5 Yr. CAGR %	-3.81	11.21	12.64	15.11	18.23
Cash From Operations, 5 Yr. CAGR %	-0.99	26.04	41.62	22.65	29.74
Capital Expenditures, 5 Yr. CAGR %	-9.81	10.91	8.98	22	21.73
Levered Free Cash Flow, 5 Yr. CAGR %	3.02	63.46	44	10.7	19.45
Unlevered Free Cash Flow, 5 Yr. CAGR %	2.41	77.4	47.86	10.86	34.19
Dividend Per Share, 5 Yr. CAGR %	-24.21	-15.14	-3.97	1.92	3.13