Balance Sheet Parkland Corporation

Equities

PKI

CA70137W1086

Oil & Gas Refining and Marketing

Delayed Toronto S.E. Other stock markets 09:56:22 2024-09-10 EDT			5-day change	1st Jan Change
35.21 ^CAD	-1.62%		-0.68%	-17.58%

09-04	Parkland Corporation agreed to acquire Mcdougall Energy Inc.	CI
09-03	Parkland Announces Sale Process for Florida Retail, Commercial Businesses	CI

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Published financial data: PARKLAND CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	18.45B	14.01B	21.47B	35.46B	32.45B
Total Revenues	18.45B	14.01B	21.47B	35.46B	32.45B
Cost of Goods Sold, Total	15.62B	11.68B	18.51B	31.44B	28.48B
Gross Profit	2.84B	2.34B	2.96B	4.02B	3.97B
Selling General & Admin Expenses, Total	1.49B	1.32B	1.52B	2.03B	2.2B
Stock-Based Compensation (IS)	-	-	-1M	-2M	5M
Depreciation & Amortization - (IS)	580M	609M	616M	743M	823M
Other Operating Expenses	5M	-41M	124M	375M	-85M
Other Operating Expenses, Total	2.08B	1.88B	2.26B	3.14B	2.94B
Operating Income	760M	451M	692M	876M	1.02B
Interest Expense, Total	-226M	-233M	-223M	-295M	-352M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-226M	-233M	-223M	-295M	-352M
Income (Loss) On Equity Invest.	8M	8M	16M	21M	15M
Currency Exchange Gains (Loss)	32M	-5M	10M	-8M	-3M
Other Non Operating Income (Expenses)	52M	-16M	-236M	-65M	-86M
EBT, Excl. Unusual Items	626M	205M	259M	529M	598M
Restructuring Charges	-	-29M	-5M	-16M	-11M
Merger & Related Restructuring Charges	-76M	-20M	-38M	-95M	-93M
Gain (Loss) On Sale Of Assets	-3M	-2M	13M	-	14M
Other Unusual Items	-	-	-67M	-2M	-
EBT, Incl. Unusual Items	547M	154M	162M	416M	508M
Income Tax Expense	133M	42M	36M	70M	37M
Earnings From Continuing Operations	414M	112M	126M	346M	471M
Net Income to Company	414M	112M	126M	346M	471M
Minority Interest	-32M	-30M	-29M	-36M	-
Net Income - (IS)	382M	82M	97M	310M	471M
Net Income to Common Incl Extra Items	382M	82M	97M	310M	471M
Net Income to Common Excl. Extra Items	382M	82M	97M	310M	471M
Per Share Items
Net EPS - Basic	2.6	0.55	0.64	1.94	2.68
Basic EPS - Continuing Operations	2.6	0.55	0.64	1.94	2.68
Basic Weighted Average Shares Outstanding	147M	149M	151M	160M	176M
Net EPS - Diluted	2.55	0.54	0.64	1.92	2.63
Diluted EPS - Continuing Operations	2.55	0.54	0.64	1.92	2.63
Diluted Weighted Average Shares Outstanding	150M	151M	152M	161M	179M
Normalized Basic EPS	2.45	0.66	0.88	1.84	2.13
Normalized Diluted EPS	2.4	0.65	0.87	1.83	2.09
Dividend Per Share	1.19	1.21	1.23	1.29	1.36
Payout Ratio	29.84	165.85	136.08	39.03	50.32
Distributable Cash per Share	3.84	-	-	-	-
Distributable Cash Shares (Basic)	147M	-	-	-	-
Distributable Cash Payout Ratio (Income Trusts)	31.38	-	-	-	-
Supplemental Items
EBITDA	1.18B	885M	1.15B	1.43B	1.59B
EBITA	877M	563M	817M	1.05B	1.2B
EBIT	760M	451M	692M	876M	1.02B
EBITDAR	1.27B	971M	1.22B	1.51B	1.66B
Effective Tax Rate - (Ratio)	24.31	27.27	22.22	16.83	7.28
Total Current Taxes	193M	32M	43M	90M	75M
Total Deferred Taxes	-60M	10M	-7M	-20M	-38M
Normalized Net Income	359M	98.12M	133M	295M	374M
Distributable Cash	564M	-	-	-	-
Interest on Long-Term Debt	226M	233M	233M	257M	352M
Supplemental Operating Expense Items
Net Rental Expense, Total	90M	86M	69M	81M	73M
Imputed Operating Lease Interest Expense	48.12M	38.15M	25.33M	30.52M	30.84M
Imputed Operating Lease Depreciation	41.88M	47.85M	43.67M	50.48M	42.16M
Stock-Based Comp., SG&A Exp. (Total)	23M	26M	28M	27M	29M
Stock-Based Comp., Other (Total)	-	-	-1M	-2M	5M
Total Stock-Based Compensation	23M	26M	27M	25M	34M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	244M	262M	284M	653M	387M
Trading Asset Securities, Total	-	-	-	-	3M
Total Cash And Short Term Investments	244M	262M	284M	653M	390M
Accounts Receivable, Total	894M	610M	1.1B	1.57B	1.38B
Other Receivables	189M	216M	294M	317M	316M
Total Receivables	1.08B	826M	1.4B	1.89B	1.69B
Inventory	780M	650M	1.26B	1.74B	1.76B
Prepaid Expenses	59M	59M	97M	109M	75M
Restricted Cash	13M	34M	42M	63M	-
Other Current Assets, Total	25M	47M	40M	118M	406M
Total Current Assets	2.2B	1.88B	3.13B	4.57B	4.32B
Gross Property Plant And Equipment	4.84B	5.3B	6.26B	7.45B	7.79B
Accumulated Depreciation	-1.09B	-1.5B	-1.83B	-2.31B	-2.6B
Net Property Plant And Equipment	3.75B	3.81B	4.43B	5.14B	5.19B
Long-term Investments	152M	158M	319M	342M	326M
Goodwill	1.81B	1.86B	2.19B	2.48B	2.42B
Other Intangibles, Total	965M	949M	1.08B	1.36B	1.19B
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	167M	163M	196M	197M	201M
Deferred Charges Long-Term	-	-	-	-	67M
Other Long-Term Assets, Total	237M	276M	205M	195M	158M
Total Assets	9.28B	9.09B	11.55B	14.29B	13.87B
Liabilities
Accounts Payable, Total	1.36B	1.21B	1.95B	2.81B	2.83B
Accrued Expenses, Total	-	2M	4M	1M	6M
Short-term Borrowings	302M	189M	-	-	-
Current Portion of Long-Term Debt	3M	6M	3M	1M	1M
Current Portion of Leases	112M	108M	121M	172M	190M
Current Income Taxes Payable	52M	19M	64M	22M	26M
Unearned Revenue Current, Total	22M	19M	23M	36M	19M
Other Current Liabilities	47M	70M	88M	248M	279M
Total Current Liabilities	1.9B	1.62B	2.25B	3.29B	3.35B
Long-Term Debt	3.41B	3.46B	4.89B	6.14B	5.31B
Long-Term Leases	414M	398M	542M	656M	858M
Pension & Other Post Retirement Benefits	34M	39M	29M	31M	24M
Deferred Tax Liability Non Current	299M	306M	337M	414M	365M
Other Non Current Liabilities	922M	997M	1.17B	721M	778M
Total Liabilities	6.97B	6.83B	9.22B	11.25B	10.68B
Common Stock, Total	2.38B	2.44B	2.59B	3.24B	3.26B
Additional Paid In Capital	27M	50M	59M	73M	90M
Retained Earnings	53M	-49M	-142M	-206M	9M
Comprehensive Income and Other	-504M	-522M	-533M	-67M	-175M
Total Common Equity	1.96B	1.92B	1.97B	3.04B	3.18B
Minority Interest	351M	347M	362M	-	-
Total Equity	2.31B	2.27B	2.33B	3.04B	3.18B
Total Liabilities And Equity	9.28B	9.09B	11.55B	14.29B	13.87B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	148M	150M	154M	175M	175M
ECS Total Common Shares Outstanding	148M	150M	154M	175M	176M
Book Value / Share	13.21	12.79	12.78	17.31	18.1
Tangible Book Value	-818M	-894M	-1.3B	-802M	-423M
Tangible Book Value Per Share	-5.52	-5.96	-8.46	-4.57	-2.41
Total Debt	4.24B	4.16B	5.56B	6.97B	6.36B
Net Debt	4B	3.9B	5.27B	6.32B	5.97B
Debt Equivalent Oper. Leases	720M	688M	552M	648M	584M
Minority Interest, Total (Incl. Fin. Div)	351M	347M	362M	-	-
Equity Method Investments, Total	152M	158M	319M	342M	326M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	720M	565M	1.23B	1.74B	1.76B
Inventories - Others	60M	85M	36M	-	-
Land - (BS)	975M	984M	1.17B	1.38B	1.32B
Buildings, Total	633M	601M	771M	850M	883M
Machinery, Total	2.46B	2.63B	2.94B	3.47B	3.61B
Full Time Employees	4.64K	-	-	-	-
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	13M	24M	25M	35M	42M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	382M	82M	97M	310M	471M
Depreciation & Amortization - CF	447M	487M	483M	552M	633M
Amortization of Goodwill and Intangible Assets - (CF)	117M	112M	125M	176M	173M
Depreciation & Amortization, Total	564M	599M	608M	728M	806M
Amortization of Deferred Charges, Total - (CF)	16M	10M	8M	15M	17M
(Gain) Loss From Sale Of Asset	-	2M	-13M	-	-
(Income) Loss On Equity Investments - (CF)	-8M	-8M	-16M	-21M	-15M
Stock-Based Compensation (CF)	23M	25M	27M	25M	26M
Other Operating Activities, Total	-84M	44M	535M	408M	351M
Change In Accounts Receivable	-112M	299M	-537M	-392M	152M
Change In Inventories	-217M	147M	-475M	-266M	-20M
Change In Accounts Payable	284M	-192M	625M	568M	69M
Change in Unearned Revenues	9M	-4M	4M	11M	-16M
Change In Income Taxes	55M	-70M	78M	-48M	-29M
Change in Other Net Operating Assets	-15M	-	-37M	-12M	-32M
Cash from Operations	897M	934M	904M	1.33B	1.78B
Capital Expenditure	-489M	-345M	-396M	-503M	-482M
Sale of Property, Plant, and Equipment	21M	16M	14M	8M	52M
Cash Acquisitions	-1.05B	-209M	-1.04B	-729M	-
Investment in Marketable and Equity Securities, Total	4M	10M	-92M	-3M	-
Other Investing Activities, Total	-34M	13M	4M	0	-86M
Cash from Investing	-1.55B	-515M	-1.51B	-1.23B	-516M
Long-Term Debt Issued, Total	1.2B	480M	3.18B	973M	2M
Total Debt Issued	1.2B	480M	3.18B	973M	2M
Long-Term Debt Repaid, Total	-164M	-574M	-1.92B	-217M	-983M
Total Debt Repaid	-164M	-574M	-1.92B	-217M	-983M
Issuance of Common Stock	-	-	22.67M	11M	22M
Repurchase of Common Stock	-	-	-	-40M	-26M
Common Dividends Paid	-114M	-136M	-132M	-121M	-237M
Common & Preferred Stock Dividends Paid	-114M	-136M	-132M	-121M	-237M
Other Financing Activities, Total	-48M	-137M	-495M	-330M	-351M
Cash from Financing	879M	-367M	655M	276M	-1.57B
Foreign Exchange Rate Adjustments	-12M	-13M	-16M	15M	-20M
Net Change in Cash	217M	39M	30M	390M	-329M
Supplemental Items
Maintenance CAPEX	232M	-	-	-	-
Cash Interest Paid	205M	236M	227M	293M	351M
Cash Income Tax Paid (Refund)	155M	102M	-35M	138M	104M
Levered Free Cash Flow	258M	613M	120M	534M	768M
Unlevered Free Cash Flow	399M	759M	260M	718M	988M
Change In Net Working Capital	190M	-187M	420M	94M	27M
Net Debt Issued / Repaid	1.04B	-94M	1.26B	756M	-981M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.36	3.07	4.19	4.24	4.55
Return on Total Capital	8.74	4.34	6.04	6.12	6.55
Return On Equity %	20.15	4.9	5.48	12.89	15.15
Return on Common Equity	20.32	4.23	4.99	12.38	15.15
Margin Analysis
Gross Profit Margin %	15.37	16.67	13.77	11.34	12.23
SG&A Margin	8.08	9.4	7.1	5.72	6.78
EBITDA Margin %	6.41	6.32	5.37	4.02	4.89
EBITA Margin %	4.75	4.02	3.81	2.97	3.69
EBIT Margin %	4.12	3.22	3.22	2.47	3.16
Income From Continuing Operations Margin %	2.24	0.8	0.59	0.98	1.45
Net Income Margin %	2.07	0.59	0.45	0.87	1.45
Net Avail. For Common Margin %	2.07	0.59	0.45	0.87	1.45
Normalized Net Income Margin	1.95	0.7	0.62	0.83	1.15
Levered Free Cash Flow Margin	1.4	4.38	0.56	1.51	2.37
Unlevered Free Cash Flow Margin	2.16	5.42	1.21	2.03	3.04
Asset Turnover
Asset Turnover	2.47	1.52	2.08	2.74	2.31