Cash flow ATS Corporation

Equities

ATS

CA00217Y1043

Industrial Machinery & Equipment

Market Closed - Toronto S.E. Other stock markets 16:00:00 2025-01-10 EST			5-day change	1st Jan Change
39.02 ^CAD	-3.82%		-10.46%	-10.99%

12-24	Stifel Maintains Buy Rating, $52 Target, on ATS Automation	MT
12-19	ATS Closes Additional $200 Million Senior Notes Offering	MT

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Published financial data: ATS CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	1.43B	1.43B	2.18B	2.58B	3.03B
Total Revenues	1.43B	1.43B	2.18B	2.58B	3.03B
Cost of Goods Sold, Total	1.06B	1.06B	1.54B	1.84B	2.17B
Gross Profit	366M	374M	640M	738M	863M
Selling General & Admin Expenses, Total	236M	241M	379M	445M	501M
Stock-Based Compensation (IS)	6.24M	14.28M	32.76M	30.59M	13.79M
Other Operating Expenses, Total	242M	255M	412M	475M	515M
Operating Income	124M	119M	228M	262M	348M
Interest Expense, Total	-30.14M	-41.77M	-32.71M	-64.68M	-70.68M
Interest And Investment Income	2.06M	1.62M	508K	1.96M	1.98M
Net Interest Expenses	-28.07M	-40.15M	-32.2M	-62.72M	-68.7M
EBT, Excl. Unusual Items	95.66M	78.71M	196M	200M	279M
Restructuring Charges	-26.62M	-14.36M	-5.95M	-27.49M	-22.79M
Merger & Related Restructuring Charges	-1.5M	-6.7M	-37.7M	-12.3M	-9.6M
Other Unusual Items	-	21.8M	2.3M	-	-
EBT, Incl. Unusual Items	67.54M	79.46M	154M	160M	247M
Income Tax Expense	14.59M	15.35M	33.02M	32.07M	52.51M
Earnings From Continuing Operations	52.95M	64.1M	121M	128M	194M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	52.95M	64.1M	121M	128M	194M
Minority Interest	-53K	-11K	709K	-268K	-446K
Net Income - (IS)	52.9M	64.09M	122M	127M	194M
Net Income to Common Incl Extra Items	52.9M	64.09M	122M	127M	194M
Net Income to Common Excl. Extra Items	52.9M	64.09M	122M	127M	194M
Per Share Items
Net EPS - Basic	0.57	0.7	1.32	1.39	1.98
Basic EPS - Continuing Operations	0.57	0.7	1.32	1.39	1.98
Basic Weighted Average Shares Outstanding	92.1M	92.2M	92.21M	91.84M	97.76M
Net EPS - Diluted	0.57	0.69	1.32	1.38	1.97
Diluted EPS - Continuing Operations	0.57	0.69	1.32	1.38	1.97
Diluted Weighted Average Shares Outstanding	92.46M	92.37M	92.63M	92.24M	98.58M
Normalized Basic EPS	0.65	0.53	1.33	1.36	1.78
Normalized Diluted EPS	0.65	0.53	1.33	1.35	1.76
Supplemental Items
EBITDA	168M	167M	298M	345M	440M
EBITA	153M	152M	277M	320M	412M
EBIT	124M	119M	228M	262M	348M
EBITDAR	173M	170M	302M	350M	447M
Total Revenues (As Reported)	1.43B	1.43B	2.18B	2.58B	-
Effective Tax Rate - (Ratio)	21.6	19.32	21.38	20.07	21.28
Total Current Taxes	15.54M	44.41M	68.63M	69.61M	82.42M
Total Deferred Taxes	-951K	-29.05M	-35.61M	-37.54M	-29.92M
Normalized Net Income	59.74M	49.18M	123M	124M	174M
Interest on Long-Term Debt	3.63M	2.82M	3.73M	4.02M	5.47M
Non-Cash Pension Expense	632K	565K	416K	579K	1.02M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	11.48M	14.72M	24.29M	29.18M	37.66M
Net Rental Expense, Total	4.91M	3.33M	3.9M	4.31M	6.18M
Imputed Operating Lease Interest Expense	2.3M	1.89M	1.26M	1.88M	2.72M
Imputed Operating Lease Depreciation	2.61M	1.44M	2.63M	2.43M	3.46M
Stock-Based Comp., Other (Total)	6.24M	14.28M	32.76M	30.59M	13.79M
Total Stock-Based Compensation	6.24M	14.28M	32.76M	30.59M	13.79M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	359M	187M	135M	160M	170M
Total Cash And Short Term Investments	359M	187M	135M	160M	170M
Accounts Receivable, Total	502M	538M	687M	896M	1.14B
Other Receivables	24.09M	28.64M	58.21M	59.86M	66.82M
Total Receivables	526M	567M	745M	956M	1.21B
Inventory	68.44M	135M	208M	257M	296M
Prepaid Expenses	15.23M	16.25M	21.91M	29.77M	38.05M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	15.92M	21.56M	36.57M	49.76M	40.74M
Total Current Assets	985M	927M	1.15B	1.45B	1.75B
Gross Property Plant And Equipment	292M	341M	394M	467M	528M
Accumulated Depreciation	-94.45M	-76.83M	-90.55M	-110M	-126M
Net Property Plant And Equipment	197M	264M	303M	357M	403M
Long-term Investments	20.22M	5.14M	18M	16.65M	18.4M
Goodwill	608M	671M	1.02B	1.12B	1.23B
Other Intangibles, Total	220M	265M	568M	593M	680M
Deferred Tax Assets Long-Term	2.72M	11.09M	7.92M	6.34M	5.9M
Other Long-Term Assets, Total	64.57M	53.19M	627K	25K	14K
Total Assets	2.1B	2.2B	3.07B	3.54B	4.09B
Liabilities
Accounts Payable, Total	245M	315M	422M	551M	520M
Accrued Expenses, Total	6.45M	17.62M	35.05M	58.74M	33.54M
Short-term Borrowings	4.57M	1.11M	1.77M	5.82M	4.06M
Current Portion of Long-Term Debt	133K	79K	43K	65K	176K
Current Portion of Leases	15.7M	15.2M	19.96M	23.99M	27.57M
Current Income Taxes Payable	3.08M	32.94M	48.62M	38.9M	44.73M
Unearned Revenue Current, Total	146M	253M	292M	330M	363M
Other Current Liabilities	41.6M	29.09M	25.16M	35.46M	35.98M
Total Current Liabilities	463M	664M	845M	1.04B	1.03B
Long-Term Debt	606M	432M	1.02B	1.17B	1.19B
Long-Term Leases	47.21M	57.76M	62.86M	73.26M	83.81M
Pension & Other Post Retirement Benefits	26.25M	34.11M	29.13M	25.49M	24.58M
Deferred Tax Liability Non Current	86.82M	74.44M	126M	104M	81.35M
Other Non Current Liabilities	-	21.07M	-	-	-
Total Liabilities	1.23B	1.28B	2.08B	2.41B	2.4B
Common Stock, Total	522M	526M	530M	521M	866M
Additional Paid In Capital	11.68M	11.17M	11.73M	15.47M	26.12M
Retained Earnings	242M	298M	417M	531M	724M
Comprehensive Income and Other	92.58M	59.83M	22.85M	60.04M	64.16M
Total Common Equity	868M	895M	982M	1.13B	1.68B
Minority Interest	788K	17.4M	4.09M	3.74M	3.28M
Total Equity	869M	913M	986M	1.13B	1.68B
Total Liabilities And Equity	2.1B	2.2B	3.07B	3.54B	4.09B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	92.13M	92.08M	91.92M	91.94M	97.92M
ECS Total Common Shares Outstanding	92.13M	92.08M	92.27M	91.6M	98.22M
Book Value / Share	9.42	9.72	10.64	12.3	17.11
Tangible Book Value	39.81M	-40.48M	-611M	-585M	-227M
Tangible Book Value Per Share	0.43	-0.44	-6.63	-6.38	-2.32
Total Debt	674M	506M	1.11B	1.27B	1.3B
Net Debt	315M	319M	970M	1.11B	1.13B
Debt Equivalent of Unfunded Proj. Benefit Obligation	26.25M	34.11M	29.13M	25.49M	24.58M
Debt Equivalent Oper. Leases	39.31M	26.62M	31.16M	34.51M	49.43M
Minority Interest, Total (Incl. Fin. Div)	788K	17.4M	4.09M	3.74M	3.28M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	32.13M	58.35M	104M	139M	153M
Inventories - Work In Process, Total	34.44M	65.08M	76.88M	84.4M	98.24M
Inventories - Finished Goods, Total	1.87M	11.55M	27.02M	33.67M	44.2M
Land - (BS)	29.3M	31.81M	34.68M	36.6M	39.73M
Buildings, Total	116M	154M	161M	200M	226M
Machinery, Total	85.31M	80.16M	111M	131M	148M
Full Time Employees	4.5K	5K	6K	6.5K	7K
Accumulated Allowance for Doubtful Accounts (Supple)	3.03M	6.03M	5.22M	6.5M	6.24M
Order Backlog	942M	1.16B	1.44B	2.15B	1.79B

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	52.9M	64.09M	122M	127M	194M
Depreciation & Amortization - CF	30.59M	30.93M	43.12M	49.65M	58.11M
Amortization of Goodwill and Intangible Assets - (CF)	29.23M	33.49M	49.16M	57.5M	64.21M
Depreciation & Amortization, Total	59.82M	64.42M	92.27M	107M	122M
Amortization of Deferred Charges, Total - (CF)	11.58M	6.5M	23.15M	18.33M	18.86M
(Gain) Loss From Sale Of Asset	-	-6.5M	-	-	-
Stock-Based Compensation (CF)	6.24M	14.28M	1.36M	5.09M	11.25M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	2.37M	-21.76M	-8.43M	-20.8M	-49.75M
Change In Accounts Receivable	-	-	-	-	-229M
Change In Inventories	-	-	-	-	-12.2M
Change In Accounts Payable	-	-	-	-	-69.92M
Change in Unearned Revenues	-	-	-	-	14.94M
Change In Income Taxes	-	-	-	-	7.31M
Change in Other Net Operating Assets	-113M	64.14M	-14.3M	-109M	12.97M
Cash from Operations	20.35M	185M	216M	128M	20.78M
Capital Expenditure	-45.45M	-21.5M	-35.24M	-56.1M	-54.43M
Sale of Property, Plant, and Equipment	139K	11.96M	817K	1.46M	23.21M
Cash Acquisitions	-53.37M	-68.52M	-745M	-51.68M	-277M
Divestitures	-	-	-	-	-
Sale (Purchase) of Real Estate properties	-	-37K	-1.07M	-	-4.4M
Sale (Purchase) of Intangible assets	-11.12M	-10.03M	-16.96M	-24.19M	-29.63M
Other Investing Activities, Total	-	-	-	21.49M	-
Cash from Investing	-110M	-88.13M	-797M	-109M	-342M
Short Term Debt Issued, Total	2.55M	-	-	3.4M	-
Long-Term Debt Issued, Total	250M	504M	746M	396M	817M
Total Debt Issued	253M	504M	746M	399M	817M
Short Term Debt Repaid, Total	-	-3.58M	-1.32M	-	-1.53M
Long-Term Debt Repaid, Total	-31.62M	-757M	-178M	-365M	-824M
Total Debt Repaid	-31.62M	-761M	-179M	-365M	-826M
Issuance of Common Stock	5.98M	6.11M	2.99M	4.96M	382M
Repurchase of Common Stock	-4.78M	-8.66M	-	-33.44M	-23.83M
Other Financing Activities, Total	-	-	-38.19M	-452K	-17.92M
Cash from Financing	222M	-259M	532M	4.88M	331M
Foreign Exchange Rate Adjustments	1.24M	-9.09M	-2.42M	925K	591K
Net Change in Cash	134M	-171M	-52.18M	24.58M	10.31M
Supplemental Items
Cash Interest Paid	30.36M	38.43M	30.8M	58.45M	68.53M
Cash Income Tax Paid (Refund)	10.81M	6.53M	24.13M	58.4M	49.51M
Levered Free Cash Flow	-8.68M	193M	126M	109M	-63.6M
Unlevered Free Cash Flow	10.16M	219M	146M	149M	-19.43M
Change In Net Working Capital	88.26M	-91.51M	92.4M	90.48M	308M
Net Debt Issued / Repaid	221M	-257M	567M	33.81M	-9.47M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	4.08	3.46	5.41	4.96	5.7
Return on Total Capital	5.75	5.02	8.12	7.3	8.07
Return On Equity %	6.38	7.2	12.8	12.07	13.8
Return on Common Equity	6.38	7.27	13.01	12.09	13.8
Margin Analysis
Gross Profit Margin %	25.57	26.17	29.31	28.62	28.45
SG&A Margin	16.48	16.86	17.37	17.25	16.52
EBITDA Margin %	11.73	11.69	13.65	13.4	14.52
EBITA Margin %	10.7	10.65	12.7	12.41	13.58
EBIT Margin %	8.65	8.31	10.44	10.18	11.47
Income From Continuing Operations Margin %	3.7	4.48	5.56	4.95	6.4
Net Income Margin %	3.7	4.48	5.59	4.94	6.39
Net Avail. For Common Margin %	3.7	4.48	5.59	4.94	6.39
Normalized Net Income Margin	4.18	3.44	5.64	4.83	5.74
Levered Free Cash Flow Margin	-0.61	13.52	5.76	4.22	-2.1
Unlevered Free Cash Flow Margin	0.71	15.35	6.69	5.79	-0.64
Asset Turnover
Asset Turnover	0.76	0.67	0.83	0.78	0.79
Fixed Assets Turnover	9.69	6.2	7.85	7.8	7.98
Receivables Turnover (Average Receivables)	3.13	2.75	3.56	3.26	2.98
Inventory Turnover (Average Inventory)	15.6	10.38	8.92	7.92	7.85
Short Term Liquidity
Current Ratio	2.13	1.4	1.36	1.39	1.7
Quick Ratio	1.91	1.14	1.04	1.07	1.34
Operating Cash Flow to Current Liabilities	0.04	0.28	0.26	0.12	0.02
Days Sales Outstanding (Average Receivables)	117.01	132.8	102.42	112.05	122.96
Days Outstanding Inventory (Average Inventory)	23.46	35.16	40.91	46.1	46.61
Average Days Payable Outstanding	79.15	91.31	83.66	94.01	88.67
Cash Conversion Cycle (Average Days)	61.33	76.65	59.67	64.14	80.9
Long Term Solvency
Total Debt/Equity	77.51	55.47	112.13	112.29	77.29
Total Debt / Total Capital	43.67	35.68	52.86	52.9	43.6
LT Debt/Equity	75.17	53.68	109.92	109.65	75.4
Long-Term Debt / Total Capital	42.34	34.52	51.82	51.65	42.53
Total Liabilities / Total Assets	58.58	58.44	67.89	68.1	58.82
EBIT / Interest Expense	4.11	2.85	6.97	4.06	4.92
EBITDA / Interest Expense	6.09	4.39	9.79	5.71	6.65
(EBITDA - Capex) / Interest Expense	4.58	3.87	8.71	4.84	5.88
Total Debt / EBITDA	3.67	2.76	3.45	3.44	2.77
Net Debt / EBITDA	1.72	1.74	3.03	3	2.41
Total Debt / (EBITDA - Capex)	4.88	3.13	3.88	4.05	3.13
Net Debt / (EBITDA - Capex)	2.28	1.97	3.4	3.54	2.72
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.05	0.02	52.63	18.08	17.67
Gross Profit, 1 Yr. Growth %	11.23	2.36	70.91	15.2	16.97
EBITDA, 1 Yr. Growth %	8.67	-0.28	78.24	15.65	27.53
EBITA, 1 Yr. Growth %	7.62	-0.4	81.85	15.15	28.83
EBIT, 1 Yr. Growth %	3.55	-3.94	91.72	14.75	32.6
Earnings From Cont. Operations, 1 Yr. Growth %	-25.17	21.06