Cash flow Onex Corporation

Equities

ONEX

CA68272K1030

Investment Management & Fund Operators

Market Closed - Toronto S.E. Other stock markets 16:00:00 2026-04-15 EDT			5-day change	1st Jan Change
113.46 ^CAD	+3.89%		+9.97%	+0.44%

04-15	Onex Corporation authorizes a Buyback Plan.	CI
04-15	Onex Corporation announces an Equity Buyback for 6,388,348 shares, representing 8.39% of its issued share capital.	CI

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Published financial data: ONEX CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	277M	270M	252M	200M	209M
Gain (Loss) on Sale of Investment, Total (Rev)	1.7B	130M	800M	385M	611M
Interest And Invest. Income (Rev)	1M	1M	14M	18M	35M
Other Revenues, Total	16M	6M	17M	8M	14M
Total Revenues	1.99B	407M	1.08B	611M	869M
Cost of Goods Sold, Total	248M	239M	214M	178M	165M
Gross Profit	1.74B	168M	869M	433M	704M
Selling General & Admin Expenses, Total	5M	5M	5M	4M	4M
Stock-Based Compensation (IS)	205M	-222M	75M	36M	14M
Depreciation & Amortization - (IS)	59M	66M	35M	24M	20M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	12M	28M	7M	3M	12M
Other Operating Expenses, Total	281M	-123M	122M	67M	50M
Operating Income	1.46B	291M	747M	366M	654M
Interest Expense, Total	-2M	-2M	-2M	-2M	-1M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-2M	-2M	-2M	-2M	-1M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-42M	-35M	-43M	-38M	-30M
EBT, Excl. Unusual Items	1.42B	254M	702M	326M	623M
Restructuring Charges	-	-6M	-212M	-21M	-2M
Merger & Related Restructuring Charges	-5M	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-10M	-14M	42M	-	-
EBT, Incl. Unusual Items	1.4B	234M	532M	305M	621M
Income Tax Expense	-1M	-1M	3M	2M	4M
Earnings From Continuing Operations	1.4B	235M	529M	303M	617M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	1.4B	235M	529M	303M	617M
Minority Interest	-	-	-	-	-
Net Income - (IS)	1.4B	235M	529M	303M	617M
Net Income to Common Incl Extra Items	1.4B	235M	529M	303M	617M
Net Income to Common Excl. Extra Items	1.4B	235M	529M	303M	617M
Per Share Items
Net EPS - Basic	15.79	2.76	6.7	3.99	8.94
Basic EPS - Continuing Operations	15.79	2.76	6.7	3.99	8.94
Basic Weighted Average Shares Outstanding	89M	85M	79M	76M	69M
Net EPS - Diluted	15.76	2.76	6.65	3.99	8.88
Diluted EPS - Continuing Operations	15.76	2.76	6.65	3.99	8.88
Diluted Weighted Average Shares Outstanding	89M	85M	79M	76M	70M
Normalized Basic EPS	9.96	1.87	5.55	2.68	5.64
Normalized Diluted EPS	9.96	1.87	5.55	2.68	5.56
Dividend Per Share	0.32	0.3	0.3	0.28	0.29
Payout Ratio	1.99	11.06	4.54	7.59	3.24
Supplemental Items
EBITDA	1.51B	345M	771M	381M	666M
EBITA	1.49B	333M	759M	370M	657M
EBIT	1.46B	291M	747M	366M	654M
EBITDAR	1.52B	350M	776M	385M	670M
Total Revenues (As Reported)	2.03B	442M	1.13B	649M	899M
Effective Tax Rate - (Ratio)	-0.07	-0.43	0.56	0.66	0.64
Total Current Taxes	-	2M	1M	2M	4M
Total Deferred Taxes	-1M	-3M	2M	-	-
Normalized Net Income	887M	159M	439M	204M	389M
Interest on Long-Term Debt	2M	2M	2M	2M	1M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	5M	5M	5M	4M	4M
Imputed Operating Lease Interest Expense	1.1M	1.13M	1.22M	1.25M	865K
Imputed Operating Lease Depreciation	3.9M	3.87M	3.78M	2.75M	3.14M
Maintenance & Repair Expenses, Total	-	-	-	-	-
Stock-Based Comp., Other (Total)	205M	-222M	53M	36M	15M
Total Stock-Based Compensation	205M	-222M	53M	36M	15M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	547M	111M	265M	929M	1.33B
Short Term Investments	290M	52M	-	83M	-
Total Cash And Short Term Investments	837M	163M	265M	1.01B	1.33B
Accounts Receivable, Total	208M	346M	422M	339M	308M
Other Receivables	161M	198M	261M	200M	193M
Total Receivables	369M	544M	683M	539M	501M
Inventory	-	-	-	-	-
Prepaid Expenses	9M	8M	7M	4M	5M
Restricted Cash	11M	9M	11M	8M	3M
Other Current Assets, Total	116M	74M	110M	138M	144M
Total Current Assets	1.34B	798M	1.08B	1.7B	1.98B
Gross Property Plant And Equipment	253M	262M	253M	228M	155M
Accumulated Depreciation	-105M	-122M	-134M	-137M	-117M
Net Property Plant And Equipment	148M	140M	119M	91M	38M
Long-term Investments	7.24B	7.39B	7.65B	6.86B	6.99B
Goodwill	264M	257M	149M	142M	142M
Other Intangibles, Total	139M	93M	34M	11M	8M
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	3.76B	3.49B	3.87B	5.16B	2.34B
Total Assets	12.89B	12.16B	12.9B	13.96B	11.5B
Liabilities
Accounts Payable, Total	25M	28M	24M	26M	42M
Accrued Expenses, Total	609M	259M	326M	298M	284M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	13M	11M	13M	10M	11M
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities	647M	298M	363M	334M	337M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	58M	59M	48M	31M	22M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	3.81B	3.56B	3.92B	5.18B	2.36B
Total Liabilities	4.51B	3.91B	4.34B	5.54B	2.72B
Common Stock, Total	304M	287M	281M	265M	256M
Retained Earnings	8.06B	7.96B	8.28B	8.15B	8.53B
Comprehensive Income and Other	15M	1M	1M	-	-
Total Common Equity	8.37B	8.25B	8.56B	8.42B	8.78B
Minority Interest	-	-	-	-	-
Total Equity	8.37B	8.25B	8.56B	8.42B	8.78B
Total Liabilities And Equity	12.89B	12.16B	12.9B	13.96B	11.5B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	86.81M	80.81M	77.33M	71.66M	68.66M
ECS Total Common Shares Outstanding	86.81M	80.81M	77.4M	71.72M	68.66M
Book Value / Share	96.47	102.09	110.65	117.39	127.95
Tangible Book Value	7.97B	7.9B	8.38B	8.27B	8.64B
Tangible Book Value Per Share	91.83	97.76	108.28	115.26	125.77
Total Debt	71M	70M	61M	41M	33M
Net Debt	-766M	-93M	-204M	-971M	-1.3B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Debt Equivalent Oper. Leases	40M	40M	40M	32M	32M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	-	-	-	-	-
Land - (BS)	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Machinery, Total	91M	83M	85M	82M	18M
Full Time Employees	-	597	492	373	343
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	1.4B	235M	529M	303M	617M
Depreciation & Amortization - CF	30M	24M	23M	20M	17M
Amortization of Goodwill and Intangible Assets - (CF)	29M	42M	12M	4M	3M
Depreciation & Amortization, Total	59M	66M	35M	24M	20M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-1.7B	-130M	-800M	-385M	-611M
Asset Writedown & Restructuring Costs	-	-	162M	7M	-
Stock-Based Compensation (CF)	162M	-279M	53M	-24M	-20M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	568M	-80M	228M	141M	618M
Change In Accounts Receivable	-107M	-175M	-139M	144M	42M
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	-49M	7M	20M	-8M	-8M
Change in Other Net Operating Assets	21M	-28M	-20M	-28M	13M
Cash from Operations	361M	-384M	68M	174M	671M
Capital Expenditure	-	-8M	-8M	-	-
Sale of Property, Plant, and Equipment	-	4M	-	-	32M
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-56M	237M	53M	23M	84M
Other Investing Activities, Total	1M	1M	10M	15M	34M
Cash from Investing	-55M	234M	55M	38M	150M
Short Term Debt Issued, Total	174M	558M	335M	905M	275M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	174M	558M	335M	905M	275M
Short Term Debt Repaid, Total	-347M	-481M	-73M	-	-428M
Long-Term Debt Repaid, Total	-13M	-10M	-10M	-10M	-10M
Total Debt Repaid	-360M	-491M	-83M	-10M	-438M
Repurchase of Common Stock	-249M	-321M	-196M	-417M	-237M
Common Dividends Paid	-28M	-26M	-24M	-23M	-20M
Common & Preferred Stock Dividends Paid	-28M	-26M	-24M	-23M	-20M
Other Financing Activities, Total	-2M	-2M	-2M	-2M	-1M
Cash from Financing	-465M	-282M	30M	453M	-421M
Foreign Exchange Rate Adjustments	-	-4M	1M	-1M	-
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-159M	-436M	154M	664M	400M
Supplemental Items
Cash Interest Paid	2M	2M	2M	2M	1M
Cash Income Tax Paid (Refund)	1M	1M	2M	1M	2M
Levered Free Cash Flow	1.25B	-460M	433M	384M	481M
Unlevered Free Cash Flow	1.25B	-459M	434M	385M	482M
Change In Net Working Capital	-71M	477M	113M	-96M	-38M
Net Debt Issued / Repaid	-186M	67M	252M	895M	-163M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	7.39	1.45	3.73	1.7	3.21
Return on Total Capital	11.6	2.17	5.51	2.68	4.73
Return On Equity %	17.99	2.83	6.29	3.57	7.17
Return on Common Equity	17.99	2.83	6.29	3.57	7.17
Margin Analysis
Gross Profit Margin %	87.55	41.28	80.24	70.87	81.01
SG&A Margin	0.25	1.23	0.46	0.65	0.46
EBITDA Margin %	75.8	84.77	71.19	62.36	76.64
EBITA Margin %	74.9	81.82	70.08	60.56	75.6
EBIT Margin %	73.44	71.5	68.98	59.9	75.26
Income From Continuing Operations Margin %	70.53	57.74	48.85	49.59	71
Net Income Margin %	70.53	57.74	48.85	49.59	71
Net Avail. For Common Margin %	70.53	57.74	48.85	49.59	71
Normalized Net Income Margin	44.52	39	40.51	33.35	44.81
Levered Free Cash Flow Margin	62.66	-113.11	39.95	62.77	55.37
Unlevered Free Cash Flow Margin	62.72	-112.81	40.06	62.97	55.44
Asset Turnover
Asset Turnover	0.16	0.03	0.09	0.05	0.07
Fixed Assets Turnover	12.57	2.83	8.36	5.82	13.47
Receivables Turnover (Average Receivables)	1.58	0.97	0.66	0.53	0.65
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	2.07	2.68	2.96	5.09	5.88
Quick Ratio	1.86	2.37	2.61	4.64	5.43
Operating Cash Flow to Current Liabilities	0.56	-1.29	0.19	0.52	1.99
Days Sales Outstanding (Average Receivables)	230.6	374.46	556.19	696.32	564.96
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	39.74	40.47	44.35	51.4	75.21
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	0.85	0.85	0.71	0.49	0.38
Total Debt / Total Capital	0.84	0.84	0.71	0.48	0.37
LT Debt/Equity	0.69	0.72	0.56	0.37	0.25
Long-Term Debt / Total Capital	0.69	0.71	0.56	0.37	0.25
Total Liabilities / Total Assets	35.02	32.17	33.61	39.71	23.62
EBIT / Interest Expense	731.5	145.5	373.5	183	654
EBITDA / Interest Expense	761	178.5	391	195	674
(EBITDA - Capex) / Interest Expense	761	174.5	387	195	674
Total Debt / EBITDA	0.05	0.2	0.08	0.11	0.05
Net Debt / EBITDA	-0.5	-0.26	-0.26	-2.49	-1.92
Total Debt / (EBITDA - Capex)	0.05	0.2	0.08	0.11	0.05
Net Debt / (EBITDA - Capex)	-0.5	-0.27	-0.26	-2.49	-1.92
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	76.75	-79.57	166.09	-43.58	42.23
Gross Profit, 1 Yr. Growth %	89.57	-90.37	417.26	-50.17	62.59
EBITDA, 1 Yr. Growth %	68.72	-77.15	123.48	-50.58	74.8
EBITA, 1 Yr. Growth %	69.74	-77.68	127.93	-51.25	77.57
EBIT, 1 Yr. Growth %	72.32	-80.11	156.7	-51	78.69
Earnings From Cont. Operations, 1 Yr. Growth %	92.47	-83.27	125.11	-42.72	103.63
Net Income, 1 Yr. Growth %	92.47	-83.27	125.11	-42.72	103.63
Normalized Net Income, 1 Yr. Growth %	70.14	-82.1	176.38	-53.56	91.1
Diluted EPS Before Extra, 1 Yr. Growth %	107.25	-82.46	140.53	-40.05	122.73
Accounts Receivable, 1 Yr. Growth %	46.48	66.35	21.97	-19.67	-9.14
Inventory, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-12.43	-5.41	-15	-23.53	-58.24
Total Assets, 1 Yr. Growth %	8.59	-5.62	6.05	8.26	-17.63
Tangible Book Value, 1 Yr. Growth %	17.01	-0.89	6.09	-1.37	4.46
Common Equity, 1 Yr. Growth %	15.62	-1.48	3.81	-1.69	4.35
Cash From Operations, 1 Yr. Growth %	-5.5	-206.37	-117.71	155.88	285.63
Capital Expenditures, 1 Yr. Growth %	-	-	0	-	-
Levered Free Cash Flow, 1 Yr. Growth %	102.49	-136.89	-183.62	-15.64	25.46
Unlevered Free Cash Flow, 1 Yr. Growth %	102.29	-136.75	-184.06	-15.6	25.21
Dividend Per Share, 1 Yr. Growth %	0.69	-6.5	2.48	-8.22	4.94
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	35.75	-39.91	-26.27	22.52	-10.42
Gross Profit, 2 Yr. CAGR %	38.97	-57.27	-29.41	60.54	-9.99
EBITDA, 2 Yr. CAGR %	36.87	-37.91	-28.54	5.09	-7.06
EBITA, 2 Yr. CAGR %	37.25	-38.45	-28.68	5.41	-6.96
EBIT, 2 Yr. CAGR %	37.75	-41.45	-28.54	12.15	-6.43
Earnings From Cont. Operations, 2 Yr. CAGR %	-42.68	-43.26	-38.64	13.55	8
Net Income, 2 Yr. CAGR %	-42.68	-43.26	-38.64	13.55	8
Normalized Net Income, 2 Yr. CAGR %	38.48	-44.81	-29.66	13.29	-5.79
Diluted EPS Before Extra, 2 Yr. CAGR %	-39.28	-39.7	-35.04	20.09	15.56
Accounts Receivable, 2 Yr. CAGR %	0.73	56.1	42.44	-1.02	-14.57
Inventory, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-9.57	-8.98	-10.33	-19.38	-43.49
Total Assets, 2 Yr. CAGR %	4.5	1.24	0.05	7.15	-5.57
Tangible Book Value, 2 Yr. CAGR %	10.2	7.69	2.54	2.29	1.5
Common Equity, 2 Yr. CAGR %	9.51	6.73	1.13	1.02	1.28
Cash From Operations, 2 Yr. CAGR %	-11.89	0.26	-56.6	-32.69	214.13
Capital Expenditures, 2 Yr. CAGR %	-	182.84	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	-2	-13.58	-41.13	-13.9	2.87
Unlevered Free Cash Flow, 2 Yr. CAGR %	-2	-13.78	-41.07	-13.66	2.8
Dividend Per Share, 2 Yr. CAGR %	2.86	-2.97	-2.11	-3.01	-1.86
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-56.25	-27.79	-1.32	-32.56	28.77
Gross Profit, 3 Yr. CAGR %	-34.56	-42.91	-1.88	-37.15	61.22
EBITDA, 3 Yr. CAGR %	-10.21	-24.64	-4.85	-36.81	24.51
EBITA, 3 Yr. CAGR %	1.12	-25.08	-4.78	-37.17	25.42
EBIT, 3 Yr. CAGR %	21.48	-27.73	-4.18	-36.99	30.99
Earnings From Cont. Operations, 3 Yr. CAGR %	18.42	-61.98	-10.18	-40.03	37.96
Net Income, 3 Yr. CAGR %	28.45	-61.98	-10.18	-40.03	37.96
Normalized Net Income, 3 Yr. CAGR %	19.63	-29.98	-5.58	-38.75	34.86
Diluted EPS Before Extra, 3 Yr. CAGR %	30.7	-59.86	-4.37	-36.76	47.54
Accounts Receivable, 3 Yr. CAGR %	-61.11	19.06	43.77	17.68	-3.8
Inventory, 3 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-68.88	-8.21	-11.03	-14.97	-35.25
Total Assets, 3 Yr. CAGR %	-34.29	1.01	2.82	2.71	-1.85
Tangible Book Value, 3 Yr. CAGR %	-16.52	6.37	7.15	1.22	3.01
Common Equity, 3 Yr. CAGR %	48.41	5.72	5.74	0.18	2.12
Cash From Operations, 3 Yr. CAGR %	-35.54	-6.18	-43.75	-21.59	20.45
Capital Expenditures, 3 Yr. CAGR %	-	38.67	100	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	233.58	-29.24	-11.13	-32.52	-2.39
Unlevered Free Cash Flow, 3 Yr. CAGR %	10.22	-29.33	-11.1	-32.47	-2.27
Dividend Per Share, 3 Yr. CAGR %	8.52	-0.36	-1.19	-4.19	-0.43
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-35.47	-55.28	-46.09	-10.78	-5.07
Gross Profit, 5 Yr. CAGR %	-18.66	-51.32	-32.54	-13.67	-5.21
EBITDA, 5 Yr. CAGR %	-1.01	-29.33	-18.05	-13.92	-5.74
EBITA, 5 Yr. CAGR %	5.49	-24.36	-12.06	-14.12	-5.66
EBIT, 5 Yr. CAGR %	15.72	-18.13	-1.75	-13.84	-5.09
Earnings From Cont. Operations, 5 Yr. CAGR %	17.81	-19.59	-8.96	-41.11	-3.31
Net Income, 5 Yr. CAGR %	60.97	-37.17	-4.42	-41.11	-3.31
Normalized Net Income, 5 Yr. CAGR %	19.04	-31.53	-3.27	-15.12	-5.67
Diluted EPS Before Extra, 5 Yr. CAGR %	19.9	-18.16	-1.19	-37.78	3.15
Accounts Receivable, 5 Yr. CAGR %	-44.27	-37.57	-34.63	10.58	16.75
Inventory, 5 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-48.97	-51.7	-52.48	-12.85	-25.8
Total Assets, 5 Yr. CAGR %	-21.38	-22.92	-22.26	3.42	-0.62
Tangible Book Value, 5 Yr. CAGR %	-15.9	-9.78	-9.36	4.72	4.86
Common Equity, 5 Yr. CAGR %	76.42	23.32	27.3	3.81	3.94
Cash From Operations, 5 Yr. CAGR %	-28.35	-27.18	-44.97	-17.85	11.93
Capital Expenditures, 5 Yr. CAGR %	-	-59.22	-58.55	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	61.49	-20.54	66.68	-21.66	-4.83
Unlevered Free Cash Flow, 5 Yr. CAGR %	23.34	-27.48	-14.2	-21.62	-4.85
Dividend Per Share, 5 Yr. CAGR %	9.58	4.76	4.14	-1.43	-1.46