Income Statement Onex Corporation

Equities

ONEX

CA68272K1030

Investment Management & Fund Operators

Market Closed - Toronto S.E. Other stock markets 16:00:00 2025-07-16 EDT			5-day change	1st Jan Change
113.12 ^CAD	+0.55%		+0.43%	+0.75%

07-14	Onex Corporation Receives Shareholder Proposal for Election of 7 Directors from Hakuchu Yamakawa Ahead of 74th Annual General Meeting	CI
06-14	WestJet probes cybersecurity incident affecting app and internal systems	RE

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Published financial data: ONEX CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	244M	277M	270M	252M	200M
Gain (Loss) on Sale of Investment, Total (Rev)	848M	1.7B	130M	800M	385M
Interest And Invest. Income (Rev)	16M	1M	1M	14M	18M
Other Revenues, Total	19M	16M	6M	17M	8M
Total Revenues	1.13B	1.99B	407M	1.08B	611M
Cost of Goods Sold, Total	207M	248M	239M	214M	178M
Gross Profit	920M	1.74B	168M	869M	433M
Selling General & Admin Expenses, Total	4M	5M	5M	5M	4M
Stock-Based Compensation (IS)	-21M	205M	-222M	75M	36M
Depreciation & Amortization - (IS)	57M	59M	66M	35M	24M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	31M	12M	28M	7M	3M
Other Operating Expenses, Total	71M	281M	-123M	122M	67M
Operating Income	849M	1.46B	291M	747M	366M
Interest Expense, Total	-2M	-2M	-2M	-2M	-2M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-2M	-2M	-2M	-2M	-2M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	1M	-	-	-	-
Other Non Operating Income (Expenses)	-14M	-42M	-35M	-43M	-38M
EBT, Excl. Unusual Items	834M	1.42B	254M	702M	326M
Restructuring Charges	-	-	-6M	-212M	-21M
Merger & Related Restructuring Charges	-19M	-5M	-	-	-
Impairment of Goodwill	-85M	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-10M	-14M	42M	-
EBT, Incl. Unusual Items	730M	1.4B	234M	532M	305M
Income Tax Expense	-	-1M	-1M	3M	2M
Earnings From Continuing Operations	730M	1.4B	235M	529M	303M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	730M	1.4B	235M	529M	303M
Minority Interest	-	-	-	-	-
Net Income - (IS)	730M	1.4B	235M	529M	303M
Net Income to Common Incl Extra Items	730M	1.4B	235M	529M	303M
Net Income to Common Excl. Extra Items	730M	1.4B	235M	529M	303M
Per Share Items
Net EPS - Basic	7.6	15.79	2.76	6.7	3.99
Basic EPS - Continuing Operations	7.6	15.79	2.76	6.7	3.99
Basic Weighted Average Shares Outstanding	96M	89M	85M	79M	76M
Net EPS - Diluted	7.6	15.76	2.76	6.65	3.99
Diluted EPS - Continuing Operations	7.6	15.76	2.76	6.65	3.99
Diluted Weighted Average Shares Outstanding	96M	89M	85M	79M	76M
Normalized Basic EPS	5.43	9.96	1.87	5.55	2.68
Normalized Diluted EPS	5.43	9.96	1.87	5.55	2.68
Dividend Per Share	0.31	0.32	0.3	0.3	0.28
Payout Ratio	3.97	1.99	11.06	4.54	7.59
Supplemental Items
EBITDA	895M	1.51B	345M	771M	381M
EBITA	879M	1.49B	333M	759M	370M
EBIT	849M	1.46B	291M	747M	366M
EBITDAR	899M	1.52B	350M	776M	385M
Total Revenues (As Reported)	1.14B	2.03B	442M	1.13B	649M
Effective Tax Rate - (Ratio)	-	-0.07	-0.43	0.56	0.66
Total Current Taxes	-	-	2M	1M	2M
Total Deferred Taxes	-	-1M	-3M	2M	-
Normalized Net Income	521M	887M	159M	439M	204M
Interest on Long-Term Debt	2M	2M	2M	2M	2M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	4M	5M	5M	5M	4M
Imputed Operating Lease Interest Expense	871K	1.1M	1.13M	1.22M	1.25M
Imputed Operating Lease Depreciation	3.13M	3.9M	3.87M	3.78M	2.75M
Maintenance & Repair Expenses, Total	-	-	-	-	-
Stock-Based Comp., Other (Total)	-36M	205M	-222M	53M	-24M
Total Stock-Based Compensation	-36M	205M	-222M	53M	-24M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	706M	547M	111M	265M	929M
Short Term Investments	234M	290M	52M	-	83M
Total Cash And Short Term Investments	940M	837M	163M	265M	1.01B
Accounts Receivable, Total	142M	208M	346M	422M	339M
Other Receivables	119M	161M	198M	261M	200M
Total Receivables	261M	369M	544M	683M	539M
Inventory	-	-	-	-	-
Prepaid Expenses	7M	9M	8M	7M	4M
Restricted Cash	13M	11M	9M	11M	8M
Other Current Assets, Total	78M	116M	74M	110M	138M
Total Current Assets	1.3B	1.34B	798M	1.08B	1.7B
Gross Property Plant And Equipment	244M	253M	262M	253M	228M
Accumulated Depreciation	-75M	-105M	-122M	-134M	-137M
Net Property Plant And Equipment	169M	148M	140M	119M	91M
Long-term Investments	5.93B	7.24B	7.39B	7.65B	6.86B
Goodwill	264M	264M	257M	149M	142M
Other Intangibles, Total	167M	139M	93M	34M	11M
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	4.04B	3.76B	3.49B	3.87B	5.16B
Total Assets	11.87B	12.89B	12.16B	12.9B	13.96B
Liabilities
Accounts Payable, Total	29M	25M	28M	24M	26M
Accrued Expenses, Total	388M	609M	259M	326M	298M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	14M	13M	11M	13M	10M
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities	431M	647M	298M	363M	334M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	61M	58M	59M	48M	31M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	4.13B	3.81B	3.56B	3.92B	5.18B
Total Liabilities	4.62B	4.51B	3.91B	4.34B	5.54B
Common Stock, Total	314M	304M	287M	281M	265M
Retained Earnings	6.92B	8.06B	7.96B	8.28B	8.15B
Comprehensive Income and Other	14M	15M	1M	1M	-
Total Common Equity	7.24B	8.37B	8.25B	8.56B	8.42B
Minority Interest	-	-	-	-	-
Total Equity	7.24B	8.37B	8.25B	8.56B	8.42B
Total Liabilities And Equity	11.87B	12.89B	12.16B	12.9B	13.96B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	90.2M	86.81M	80.81M	77.33M	71.66M
ECS Total Common Shares Outstanding	90.31M	86.81M	80.81M	77.4M	71.72M
Book Value / Share	80.2	96.47	102.09	110.65	117.39
Tangible Book Value	6.81B	7.97B	7.9B	8.38B	8.27B
Tangible Book Value Per Share	75.43	91.83	97.76	108.28	115.26
Total Debt	75M	71M	70M	61M	41M
Net Debt	-865M	-766M	-93M	-204M	-971M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Debt Equivalent Oper. Leases	32M	40M	40M	40M	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	90M	91M	83M	85M	82M
Full Time Employees	497	-	597	492	373
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	730M	1.4B	235M	529M	303M
Depreciation & Amortization - CF	26M	30M	24M	23M	20M
Amortization of Goodwill and Intangible Assets - (CF)	30M	29M	42M	12M	4M
Depreciation & Amortization, Total	56M	59M	66M	35M	24M
Amortization of Deferred Charges, Total - (CF)	1M	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-848M	-1.7B	-130M	-800M	-385M
Asset Writedown & Restructuring Costs	85M	-	-	162M	7M
Stock-Based Compensation (CF)	-36M	162M	-279M	53M	-24M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	315M	568M	-80M	228M	141M
Change In Accounts Receivable	67M	-107M	-175M	-139M	144M
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	-3M	-49M	7M	20M	-8M
Change in Other Net Operating Assets	15M	21M	-28M	-20M	-28M
Cash from Operations	382M	361M	-384M	68M	174M
Capital Expenditure	-1M	-	-8M	-8M	-
Sale of Property, Plant, and Equipment	-	-	4M	-	-
Cash Acquisitions	-97M	-	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	77M	-56M	237M	53M	23M
Other Investing Activities, Total	12M	1M	1M	10M	15M
Cash from Investing	-9M	-55M	234M	55M	38M
Short Term Debt Issued, Total	172M	174M	558M	335M	905M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	172M	174M	558M	335M	905M
Short Term Debt Repaid, Total	-346M	-347M	-481M	-73M	-
Long-Term Debt Repaid, Total	-8M	-13M	-10M	-10M	-10M
Total Debt Repaid	-354M	-360M	-491M	-83M	-10M
Repurchase of Common Stock	-444M	-249M	-321M	-196M	-417M
Common Dividends Paid	-29M	-28M	-26M	-24M	-23M
Common & Preferred Stock Dividends Paid	-29M	-28M	-26M	-24M	-23M
Other Financing Activities, Total	-2M	-2M	-2M	-2M	-2M
Cash from Financing	-657M	-465M	-282M	30M	453M
Foreign Exchange Rate Adjustments	2M	-	-4M	1M	-1M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-282M	-159M	-436M	154M	664M
Supplemental Items
Cash Interest Paid	2M	2M	2M	2M	2M
Cash Income Tax Paid (Refund)	-1M	1M	1M	2M	1M
Levered Free Cash Flow	616M	1.25B	-460M	433M	324M
Unlevered Free Cash Flow	618M	1.25B	-459M	434M	325M
Change In Net Working Capital	-67M	-71M	477M	113M	-96M
Net Debt Issued / Repaid	-182M	-186M	67M	252M	895M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	4.48	7.39	1.45	3.73	1.7
Return on Total Capital	7.38	11.6	2.17	5.51	2.68
Return On Equity %	10.26	17.99	2.83	6.29	3.57
Return on Common Equity	10.26	17.99	2.83	6.29	3.57
Margin Analysis
Gross Profit Margin %	81.63	87.55	41.28	80.24	70.87
SG&A Margin	0.35	0.25	1.23	0.46	0.65
EBITDA Margin %	79.41	75.8	84.77	71.19	62.36
EBITA Margin %	77.99	74.9	81.82	70.08	60.56
EBIT Margin %	75.33	73.44	71.5	68.98	59.9
Income From Continuing Operations Margin %	64.77	70.53	57.74	48.85	49.59
Net Income Margin %	64.77	70.53	57.74	48.85	49.59
Net Avail. For Common Margin %	64.77	70.53	57.74	48.85	49.59
Normalized Net Income Margin	46.25	44.52	39	40.51	33.35
Levered Free Cash Flow Margin	54.69	62.66	-113.11	39.95	52.95
Unlevered Free Cash Flow Margin	54.8	62.72	-112.81	40.06	53.15
Asset Turnover
Asset Turnover	0.1	0.16	0.03	0.09	0.05
Fixed Assets Turnover	6.44	12.57	2.83	8.36	5.82
Receivables Turnover (Average Receivables)	1.41	1.58	0.97	0.66	0.53
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	3.01	2.07	2.68	2.96	5.09
Quick Ratio	2.79	1.86	2.37	2.61	4.64
Operating Cash Flow to Current Liabilities	0.89	0.56	-1.29	0.19	0.52
Days Sales Outstanding (Average Receivables)	260.25	230.6	374.46	556.19	696.32
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	60.12	39.74	40.47	44.35	51.4
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	1.04	0.85	0.85	0.71	0.49
Total Debt / Total Capital	1.02	0.84	0.84	0.71	0.48
LT Debt/Equity	0.84	0.69	0.72	0.56	0.37
Long-Term Debt / Total Capital	0.83	0.69	0.71	0.56	0.37
Total Liabilities / Total Assets	38.97	35.02	32.17	33.61	39.71
EBIT / Interest Expense	424.5	731.5	145.5	373.5	183
EBITDA / Interest Expense	452.5	761	178.5	391	195
(EBITDA - Capex) / Interest Expense	452	761	174.5	387	195
Total Debt / EBITDA	0.08	0.05	0.2	0.08	0.11
Net Debt / EBITDA	-0.96	-0.5	-0.26	-0.26	-2.49
Total Debt / (EBITDA - Capex)	0.08	0.05	0.2	0.08	0.11
Net Debt / (EBITDA - Capex)	-0.96	-0.5	-0.27	-0.26	-2.49
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.26	76.75	-79.57	166.09	-43.58
Gross Profit, 1 Yr. Growth %	1.88	89.57	-90.37	417.26	-50.17
EBITDA, 1 Yr. Growth %	11.04	68.72	-77.15	123.48	-50.58
EBITA, 1 Yr. Growth %	10.98	69.74	-77.68	127.93	-51.25
EBIT, 1 Yr. Growth %	10.12	72.32	-80.11	156.7	-51
Earnings From Cont. Operations, 1 Yr. Growth %	-82.93	92.47	-83.27	125.11	-42.72
Net Income, 1 Yr. Growth %	-82.93	92.47	-83.27	125.11	-42.72
Normalized Net Income, 1 Yr. Growth %	12.7	70.14	-82.1	176.38	-53.56
Diluted EPS Before Extra, 1 Yr. Growth %	-82.21	107.25	-82.46	140.53	-40.05
Accounts Receivable, 1 Yr. Growth %	-30.73	46.48	66.35	21.97	-19.67
Inventory, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-6.63	-12.43	-5.41	-15	-23.53
Total Assets, 1 Yr. Growth %	0.56	8.59	-5.62	6.05	8.26
Tangible Book Value, 1 Yr. Growth %	3.78	17.01	-0.89	6.09	-1.37
Common Equity, 1 Yr. Growth %	3.72	15.62	-1.48	3.81	-1.69
Cash From Operations, 1 Yr. Growth %	-17.85	-5.5	-206.37	-117.71	155.88
Capital Expenditures, 1 Yr. Growth %	-66.67	-	-	0	-
Levered Free Cash Flow, 1 Yr. Growth %	-52.57	102.49	-136.89	-183.62	-25.22
Unlevered Free Cash Flow, 1 Yr. Growth %	-52.52	102.29	-136.75	-184.06	-25.15
Dividend Per Share, 1 Yr. Growth %	5.08	0.69	-6.5	2.48	-8.22
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-78.23	35.75	-39.91	-26.27	22.52
Gross Profit, 2 Yr. CAGR %	-61.55	38.97	-57.27	-29.41	60.54
EBITDA, 2 Yr. CAGR %	-34.5	36.87	-37.91	-28.54	5.09
EBITA, 2 Yr. CAGR %	-21.95	37.25	-38.45	-28.68	5.41
EBIT, 2 Yr. CAGR %	2	37.75	-41.45	-28.54	12.15
Earnings From Cont. Operations, 2 Yr. CAGR %	-7.11	-42.68	-43.26	-38.64	13.55
Net Income, 2 Yr. CAGR %	4.93	-42.68	-43.26	-38.64	13.55
Normalized Net Income, 2 Yr. CAGR %	0.31	38.48	-44.81	-29.66	13.29
Diluted EPS Before Extra, 2 Yr. CAGR %	3.79	-39.28	-39.7	-35.04	20.09
Accounts Receivable, 2 Yr. CAGR %	-79.96	0.73	56.1	42.44	-1.02
Inventory, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-81.45	-9.57	-8.98	-10.33	-19.38
Total Assets, 2 Yr. CAGR %	-48.88	4.5	1.24	0.05	7.15
Tangible Book Value, 2 Yr. CAGR %	-29.48	10.2	7.69	2.54	2.29
Common Equity, 2 Yr. CAGR %	68.14	9.51	6.73	1.13	1.02
Cash From Operations, 2 Yr. CAGR %	-46.77	-11.89	0.26	-56.6	-32.69
Capital Expenditures, 2 Yr. CAGR %	-96.09	-	182.84	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	328.15	-2	-13.58	-41.13	-20.93
Unlevered Free Cash Flow, 2 Yr. CAGR %	-18.64	-2	-13.78	-41.07	-20.68
Dividend Per Share, 2 Yr. CAGR %	12.66	2.86	-2.97	-2.11	-3.01
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-63.28	-56.25	-27.79	-1.32	-32.56
Gross Profit, 3 Yr. CAGR %	-46.9	-34.56	-42.91	-1.88	-37.15
EBITDA, 3 Yr. CAGR %	-22.96	-10.21	-24.64	-4.85	-36.81
EBITA, 3 Yr. CAGR %	-13.22	1.12	-25.08	-4.78	-37.17
EBIT, 3 Yr. CAGR %	2.39	21.48	-27.73	-4.18	-36.99
Earnings From Cont. Operations, 3 Yr. CAGR %	1.46	18.42	-61.98	-10.18	-40.03
Net Income, 3 Yr. CAGR %	-32.76	28.45	-61.98	-10.18	-40.03
Normalized Net Income, 3 Yr. CAGR %	-20.95	19.63	-29.98	-5.58	-38.75
Diluted EPS Before Extra, 3 Yr. CAGR %	0.33	30.7	-59.86	-4.37	-36.76
Accounts Receivable, 3 Yr. CAGR %	-66.11	-61.11	19.06	43.77	17.68
Inventory, 3 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-68.34	-68.88	-8.21	-11.03	-14.97
Total Assets, 3 Yr. CAGR %	-35.73	-34.29	1.01	2.82	2.71
Tangible Book Value, 3 Yr. CAGR %	-19.82	-16.52	6.37	7.15	1.22
Common Equity, 3 Yr. CAGR %	35.79	48.41	5.72	5.74	0.18
Cash From Operations, 3 Yr. CAGR %	-41.16	-35.54	-6.18	-43.75	-21.59
Capital Expenditures, 3 Yr. CAGR %	-88.79	-	38.67	100	-
Levered Free Cash Flow, 3 Yr. CAGR %	-24.86	233.58	-29.24	-11.13	-36.24
Unlevered Free Cash Flow, 3 Yr. CAGR %	-35.38	10.22	-29.33	-11.1	-36.18
Dividend Per Share, 3 Yr. CAGR %	10.25	8.52	-0.36	-1.19	-4.19
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-43.56	-35.47	-55.28	-46.09	-10.78
Gross Profit, 5 Yr. CAGR %	-31.5	-18.66	-51.32	-32.54	-13.67
EBITDA, 5 Yr. CAGR %	-13.07	-1.01	-29.33	-18.05	-13.92
EBITA, 5 Yr. CAGR %	-7.81	5.49	-24.36	-12.06	-14.12
EBIT, 5 Yr. CAGR %	1.07	15.72	-18.13	-1.75	-13.84
Earnings From Cont. Operations, 5 Yr. CAGR %	-3.76	17.81	-19.59	-8.96	-41.11
Net Income, 5 Yr. CAGR %	4.96	60.97	-37.17	-4.42	-41.11
Normalized Net Income, 5 Yr. CAGR %	2.11	19.04	-31.53	-3.27	-15.12
Diluted EPS Before Extra, 5 Yr. CAGR %	-2.97	19.9	-18.16	-1.19	-37.78
Accounts Receivable, 5 Yr. CAGR %	-45.42	-44.27	-37.57	-34.63	10.58
Inventory, 5 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-44.69	-48.97	-51.7	-52.48	-12.85
Total Assets, 5 Yr. CAGR %	-19.82	-21.38	-22.92	-22.26	3.42
Tangible Book Value, 5 Yr. CAGR %	-13.87	-15.9	-9.78	-9.36	4.72
Common Equity, 5 Yr. CAGR %	113.57	76.42	23.32	27.3	3.81
Cash From Operations, 5 Yr. CAGR %	-27.29	-28.35	-27.18	-44.97	-17.85
Capital Expenditures, 5 Yr. CAGR %	-73.06	-	-59.22	-58.55	-
Levered Free Cash Flow, 5 Yr. CAGR %	-12.22	61.49	-20.54	66.68	-24.28
Unlevered Free Cash Flow, 5 Yr. CAGR %	-18.63	23.34	-27.48	-14.2	-24.24
Dividend Per Share, 5 Yr. CAGR %	12.9	9.58	4.76	4.14	-1.43