Cash flow Polaris Renewable Energy Inc.

Stocks

PIF

CA73108L1013

Independent Power Producers

Market Closed - Toronto S.E. 16:00:00 2026-09-21 EDT			5-day change	1st Jan Change
13.93 ^CAD	-0.50%		-0.21%	+18.05%

08-25	Polaris Renewable Energy Inc. authorizes a Buyback Plan.	CI
08-25	Polaris Renewable Energy Inc. announces an Equity Buyback for 2,021,205 shares, representing 9.67% of its issued share capital.	CI

e04744ccf88a31bb6.kIGP4K7uKQ7ldbJNQu72zf6w07IQfCKuCNzCb2bGbHc.1PHemJupSGOXB9k9OoK1tJHWg9tWJQ_6RY6LG1eSLw7A9sCp7blqa7w96w

Published financial data: POLARIS RENEWABLE ENERGY INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Revenues - (Utility Template)	59.52M	62.6M	78.52M	75.77M	80.48M
Total Revenues	59.52M	62.6M	78.52M	75.77M	80.48M
Operations And Maintenance	2.99M	2.39M	2.15M	2.14M	3.1M
Selling General & Admin Expenses, Total	6.24M	6.01M	7.85M	7.25M	7.75M
Depreciation & Amortization - (IS) - (Collected)	26.07M	25.75M	28.95M	29.21M	29.96M
Other Operating Expenses	7.73M	10.05M	11.53M	12.45M	10.59M
Total Operating Expenses	43.03M	44.2M	50.48M	51.04M	51.4M
Operating Income (REIT / Utility Template)	16.49M	18.4M	28.04M	24.73M	29.08M
Interest Expense, Total	-16.32M	-15.35M	-19.33M	-20.81M	-32.62M
Interest and Investment Income	374K	677K	1.89M	2.86M	3.65M
Net Interest Expenses	-15.94M	-14.68M	-17.45M	-17.96M	-28.97M
Currency Exchange Gains (Loss)	-919K	-946K	-75K	-	-
Other Non Operating Income (Expenses)	3.96M	1.28M	-2.94M	-646K	-1.86M
EBT, Excl. Unusual Items	3.58M	4.06M	7.58M	6.12M	-1.75M
Total Merger & Related Restructuring Charges	-567K	-788K	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) on Sale of Assets	1.4M	900K	-	-	-
Asset Writedown	-	-	-	-5.28M	-2.19M
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-	-3.2M	-1.21M	-	-
EBT, Incl. Unusual Items	4.42M	969K	6.36M	847K	-3.94M
Income Tax Expense	3.88M	-1.46M	-5.43M	-1.33M	-1.13M
Earnings From Continuing Operations	542K	2.43M	11.8M	2.18M	-2.82M
Net Income to Company	542K	2.43M	11.8M	2.18M	-2.82M
Minority Interest	-41K	66K	-55K	811K	69K
Net Income - (IS)	501K	2.5M	11.74M	2.99M	-2.75M
Net Income to Common Incl Extra Items	501K	2.5M	11.74M	2.99M	-2.75M
Net Income to Common Excl. Extra Items	501K	2.5M	11.74M	2.99M	-2.75M
Per Share Items
Net EPS - Basic	0.03	0.12	0.56	0.14	-0.13
Basic EPS - Continuing Operations	0.03	0.12	0.56	0.14	-0.13
Basic Weighted Average Shares Outstanding	18.81M	20.13M	21.05M	21.16M	21.06M
Net EPS - Diluted	0.03	0.12	0.56	0.14	-0.13
Diluted EPS - Continuing Operations	0.03	0.12	0.56	0.14	-0.13
Diluted Weighted Average Shares Outstanding	19.02M	20.16M	21.07M	21.16M	21.13M
Normalized Basic EPS	0.12	0.13	0.22	0.22	-0.05
Normalized Diluted EPS	0.12	0.13	0.22	0.22	-0.05
Dividend Per Share	0.6	0.6	0.6	0.6	0.6
Payout Ratio	2.22K	484.67	107.42	422.84	-459.32
Supplemental Items
Utility Revenues	59.52M	62.6M	78.52M	75.77M	80.48M
EBITDA	42.65M	43.73M	56.99M	53.89M	58.91M
EBITA	17.84M	20.32M	30.76M	27.44M	31.78M
EBIT	16.49M	18.4M	28.04M	24.73M	29.08M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	87.73	-151.08	-85.37	-157.26	28.57
Current Foreign Taxes	-	-	388K	3.51M	6.51M
Total Current Taxes	-	-	388K	3.51M	6.51M
Deferred Foreign Taxes	3.88M	-1.89M	-5.82M	-4.84M	-7.63M
Total Deferred Taxes	3.88M	-1.89M	-5.82M	-4.84M	-7.63M
Normalized Net Income	2.2M	2.6M	4.68M	4.64M	-1.03M
Interest Capitalized	-	-	331K	-	-
Interest on Long-Term Debt	16.32M	21.29M	20.88M	20.81M	32.62M
Supplemental Operating Expense Items
General and Administrative Expenses	6.24M	6.01M	7.85M	7.25M	7.75M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Maintenance & Repair Expenses, Total	2.99M	2.39M	2.15M	2.14M	3.1M
Stock-Based Comp., G&A Exp. (Total)	875K	383K	326K	290K	311K
Stock-Based Comp., Other (Total)	1.76M	-	22K	58K	82K
Total Stock-Based Compensation	2.64M	383K	348K	348K	393K

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	97.93M	35.32M	40.05M	213M	88.62M
Accounts Receivable, Total	9.42M	11.34M	10.63M	11.28M	11.41M
Other Receivables	1.41M	1.2M	1.56M	2.12M	1.15M
Accounts Receivable (Summary Subtotal)	10.84M	12.54M	12.2M	13.39M	12.55M
Prepaid Expenses	943K	994K	919K	1.19M	1.6M
Other Current Assets, Total	432K	1.75M	875K	674K	479K
Total Current Assets	110M	50.61M	54.04M	229M	103M
Gross Property Plant And Equipment	609M	682M	684M	685M	712M
Accumulated Depreciation	-250M	-279M	-300M	-325M	-353M
Net Property Plant And Equipment	359M	402M	384M	360M	359M
Goodwill	-	12.36M	12.36M	8.56M	9.31M
Other Intangibles, Total	22.97M	57.53M	55.01M	50.84M	46.62M
Long-Term Investments - (Utility Template)	-	-	-	-	-
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term (Collected)	856K	3.91M	6.64M	6.8M	11.43M
Deferred Charges Long-Term	2.2M	-	-	-	-
Other Long-Term Assets, Total	7.69M	8.63M	7.52M	7.23M	5.85M
Total Assets	503M	535M	519M	662M	536M
Liabilities
Accounts Payable, Total	8.15M	9.5M	11.96M	10.09M	5.76M
Accrued Expenses, Total	439K	763K	821K	2.02M	1.67M
Current Portion of Long-Term Debt	23.12M	14.94M	15.85M	16.27M	4.04M
Current Portion of Leases	299K	422K	399K	428K	361K
Unearned Revenue, Current	150K	-	-	-	-
Other Current Liabilities - (Bank / Utility Template)	2.15M	4.97M	2.32M	5.03M	7.83M
Total Current Liabilities	34.31M	30.6M	31.35M	33.84M	19.66M
Long-Term Debt	147M	169M	157M	312M	213M
Long-Term Leases	1M	2.5M	2.35M	2.15M	2.16M
Deferred Tax Liability Non-Current	54.76M	62.33M	59.24M	54.51M	52.27M
Other Non Current Liabilities, Total	5.24M	-	-	-	5.3M
Total Liabilities	242M	265M	249M	403M	293M
Common Stock, Total	649M	666M	666M	666M	665M
Additional Paid In Capital	14.27M	13.84M	14.02M	14.09M	14.11M
Retained Earnings	-401M	-410M	-411M	-421M	-436M
Total Common Equity	263M	270M	269M	260M	243M
Minority Interest	-1.94M	535K	590K	-221K	-290K
Total Equity	261M	270M	270M	260M	243M
Total Liabilities And Equity	503M	535M	519M	662M	536M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	19.63M	21.03M	21.08M	21.07M	20.89M
ECS Total Common Shares Outstanding	19.53M	21.03M	21.06M	21.06M	20.9M
Book Value / Share	13.46	12.83	12.79	12.34	11.63
Tangible Book Value	240M	200M	202M	200M	187M
Tangible Book Value Per Share	12.28	9.5	9.59	9.52	8.96
Total Debt	171M	187M	175M	331M	220M
Net Debt	73.06M	152M	135M	118M	131M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	-1.94M	535K	590K	-221K	-290K
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	-	-	-	-	-
Full Time Employees	151	208	235	205	215

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	501K	2.5M	11.74M	2.99M	-2.75M
Depreciation, Depletion & Amortization	25.02M	23.67M	26.46M	26.72M	27.55M
Amortization of Goodwill and Intangible Assets - (CF)	1.36M	1.92M	2.71M	2.72M	2.69M
Total Depreciation, Depletion & Amortization	26.38M	25.58M	29.17M	29.44M	30.24M
(Gain) Loss On Sale of Asset - (CF)	-1.45M	-	-	-	-
Total Asset Writedown	-	-	-	5.28M	2.19M
Stock-Based Compensation (CF)	643K	375K	348K	348K	393K
Minority Interest in Earnings - (CF)	41K	-58K	55K	-811K	-69K
Change in Accounts Receivable	10.06M	-219K	609K	-649K	1.66M
Change in Accounts Payable	-552K	-3.19M	-1.15M	-1.84M	-2.21M
Change in Other Net Operating Assets (Collected)	-1.59M	-1.89M	526K	-532K	1.89M
Other Operating Activities	7.08M	10.4M	2.66M	830K	3.9M
Cash from Operations	41.13M	33.51M	43.96M	35.05M	35.24M
Capital Expenditure	-8.41M	-32.48M	-11.39M	-3.36M	-770K
Sale of Property, Plant, and Equipment	317K	-	-	-	-
Cash Acquisitions	-	-32.71M	-	-	-19.44M
Other Investing Activities, Total	-2.05M	-805K	10K	54K	-
Cash from Investing	-10.15M	-65.99M	-11.38M	-3.31M	-20.22M
Long-Term Debt Issued, Total	-	110M	-	175M	-
Total Debt Issued	-	110M	-	175M	-
Long-Term Debt Repaid, Total	-21.33M	-119M	-15.35M	-16.27M	-119M
Total Debt Repaid	-21.33M	-119M	-15.35M	-16.27M	-119M
Issuance of Common Stock	39.35M	-	467K	-	-
Repurchase of Common Stock	-	-	-214K	-213K	-1.47M
Common Dividends Paid	-11.14M	-12.11M	-12.62M	-12.64M	-12.61M
Common & Preferred Stock Dividends Paid	-11.14M	-12.11M	-12.62M	-12.64M	-12.61M
Other Financing Activities, Total	-	-9.47M	-	-4.36M	-6.88M
Cash from Financing	6.89M	-30.12M	-27.71M	142M	-140M
Foreign Exchange Rate Adjustments	-2K	8K	-142K	1K	114K
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	37.87M	-62.6M	4.73M	173M	-125M
Supplemental Items
Cash Interest Paid	11.8M	10.84M	17.78M	16.57M	19.75M
Net Debt Issued / Repaid	-21.33M	-8.54M	-15.35M	159M	-119M
Levered Free Cash Flow	28.39M	-3.34M	24.74M	29.63M	26.4M
Unlevered Free Cash Flow	38.59M	6.25M	36.82M	42.64M	46.79M
Change In Net Working Capital	-7.67M	-1.27M	-1.17M	-764K	1.26M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	2.08	2.22	3.32	2.62	3.04
Return on Total Capital	2.43	2.59	3.88	2.98	3.45
Return On Equity %	0.22	0.92	4.37	0.82	-1.12
Return on Common Equity	0.2	0.94	4.36	1.13	-1.09
Margin Analysis
Gross Profit Margin %	85.09	84.05	85.69	84.79	82.82
SG&A Margin	10.49	9.6	10	9.57	9.63
EBITDA Margin %	71.66	69.86	72.57	71.12	73.2
EBITA Margin %	29.98	32.45	39.17	36.22	39.48
EBIT Margin %	27.7	29.39	35.71	32.63	36.14
Income From Continuing Operations Margin %	0.91	3.89	15.03	2.88	-3.5
Net Income Margin %	0.84	3.99	14.96	3.95	-3.41
Net Avail. For Common Margin %	0.84	3.99	14.96	3.95	-3.41
Normalized Net Income Margin	3.7	4.16	5.96	6.12	-1.27
Levered Free Cash Flow Margin	47.7	-5.34	31.51	39.11	32.8
Unlevered Free Cash Flow Margin	64.84	9.99	46.9	56.27	58.13
Asset Turnover
Asset Turnover	0.12	0.12	0.15	0.13	0.13
Fixed Assets Turnover	0.16	0.16	0.2	0.2	0.22
Receivables Turnover (Average Receivables)	4.06	6.03	7.18	6.92	7.1
Short Term Liquidity
Current Ratio	3.21	1.65	1.72	6.76	5.25
Quick Ratio	3.17	1.56	1.67	6.7	5.15
Operating Cash Flow to Current Liabilities	1.2	1.1	1.4	1.04	1.79
Days Sales Outstanding (Average Receivables)	89.88	60.53	50.83	52.91	51.44
Average Days Payable Outstanding	292.14	322.58	348.63	350.28	209.23
Long Term Solvency
Total Debt/Equity	65.56	69.33	64.88	127.51	90.53
Total Debt / Total Capital	39.6	40.94	39.35	56.05	47.51
LT Debt/Equity	56.58	63.64	58.86	121.08	88.72
Long-Term Debt / Total Capital	34.18	37.58	35.7	53.22	46.56
Total Liabilities / Total Assets	48.12	49.5	48.03	60.8	54.65
EBIT / Interest Expense	1.01	1.2	1.45	1.19	0.89
EBITDA / Interest Expense	2.63	2.86	2.96	2.6	1.82
(EBITDA - Capex) / Interest Expense	2.11	0.75	2.37	2.44	1.79
Total Debt / EBITDA	3.99	4.26	3.06	6.11	3.71
Net Debt / EBITDA	1.7	3.46	2.36	2.17	2.21
Total Debt / (EBITDA - Capex)	4.96	16.29	3.82	6.51	3.75
Net Debt / (EBITDA - Capex)	2.12	13.22	2.95	2.32	2.24
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-20.35	5.18	25.43	-3.5	6.21
Gross Profit, 1 Yr. Growth %	-23.21	3.9	27.88	-4.51	3.74
EBITDA, 1 Yr. Growth %	-25.03	2.54	29.57	-5.81	8.77
EBITA, 1 Yr. Growth %	-47.21	13.84	51.39	-2.13	28.51
EBIT, 1 Yr. Growth %	-49.18	11.59	52.43	-11.82	17.62
Earnings From Cont. Operations, 1 Yr. Growth %	-98.12	348.89	384.96	-81.53	-229.19
Net Income, 1 Yr. Growth %	-98.26	398.8	369.95	-74.54	-191.84
Diluted EPS Before Extra, 1 Yr. Growth %	-98.43	350.43	364.93	-74.91	-193.14
Normalized Net Income, 1 Yr. Growth %	-58.71	18.28	47.97	18.25	-122.12
Net Property, Plant and Equip., 1 Yr. Growth %	-4.23	12.04	-4.54	-6.18	-0.28
Accounts Receivable, 1 Yr. Growth %	-52.62	20.32	-5.42	6.11	1.13
Total Assets, 1 Yr. Growth %	2.59	6.45	-2.93	27.47	-19.11
Tangible Book Value, 1 Yr. Growth %	17.3	-16.68	1.09	-0.8	-6.54
Cash From Operations, 1 Yr. Growth %	2.03	-18.53	31.2	-20.26	0.54
Capital Expenditures, 1 Yr. Growth %	22.07	286.09	-64.94	-70.47	-77.1
Levered Free Cash Flow, 1 Yr. Growth %	56.43	-112.55	-840.42	23.56	-10.4
Unlevered Free Cash Flow, 1 Yr. Growth %	36.55	-83.02	488.8	15.79	9.72
Dividend Per Share, 1 Yr. Growth %	0	0	0	0	0
Common Equity, 1 Yr. Growth %	14.87	2.63	-0.12	-3.56	-6.38
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-8.6	-8.47	14.86	10.02	1.24
Gross Profit, 2 Yr. CAGR %	-11.85	-10.68	15.27	10.5	-0.47
EBITDA, 2 Yr. CAGR %	-14.3	-12.32	15.59	10.69	1.48
EBITA, 2 Yr. CAGR %	-28.79	-22.48	31.28	16.23	6.45
EBIT, 2 Yr. CAGR %	-31.09	-24.69	30.42	15.94	1.84
Earnings From Cont. Operations, 2 Yr. CAGR %	-79.46	-70.97	366.58	-5.36	-51.16
Net Income, 2 Yr. CAGR %	-81.41	-70.56	384.16	9.38	-51.64
Diluted EPS Before Extra, 2 Yr. CAGR %	-82.7	-73.43	357.62	8.01	-51.66
Normalized Net Income, 2 Yr. CAGR %	-62.22	-30.12	45.89	21.09	-48.86
Net Property, Plant and Equip., 2 Yr. CAGR %	-1.88	3.59	3.42	-5.36	-3.27
Accounts Receivable, 2 Yr. CAGR %	-21.52	-24.49	6.21	0.18	3.59
Total Assets, 2 Yr. CAGR %	4.12	4.5	1.65	11.24	1.54
Common Equity, 2 Yr. CAGR %	12.06	8.58	1.24	-1.86	-4.98
Tangible Book Value, 2 Yr. CAGR %	14.3	-1.14	-8.22	0.14	-3.72
Cash From Operations, 2 Yr. CAGR %	-6.55	-8.83	3.38	2.28	-10.46
Capital Expenditures, 2 Yr. CAGR %	-58.09	117.09	16.34	-67.82	-74
Levered Free Cash Flow, 2 Yr. CAGR %	18.49	-57.09	-3.6	197.79	4.91
Unlevered Free Cash Flow, 2 Yr. CAGR %	99.26	-52.96	0	161.11	12.72
Dividend Per Share, 2 Yr. CAGR %	0	0	0	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-4.73	-4.22	1.67	8.38	8.74
Gross Profit, 3 Yr. CAGR %	-7	-6.89	0.67	8.26	8.2
EBITDA, 3 Yr. CAGR %	-10.02	-9.01	0.06	8.11	10.23
EBITA, 3 Yr. CAGR %	-20.69	-16.74	-3.1	15.43	16.08
EBIT, 3 Yr. CAGR %	-22.63	-19.08	-4.74	14.47	16.5
Earnings From Cont. Operations, 3 Yr. CAGR %	-68.44	-42.57	-25.79	59.01	4.98
Net Income, 3 Yr. CAGR %	-69.22	-44.34	-25.88	81.39	3.19
Diluted EPS Before Extra, 3 Yr. CAGR %	-70.52	-48.72	-31.02	73.86	2.81
Normalized Net Income, 3 Yr. CAGR %	-44.21	-44.73	-4.22	28.24	-31.3
Net Property, Plant and Equip., 3 Yr. CAGR %	-0.53	2.55	0.81	0.12	-3.7
Accounts Receivable, 3 Yr. CAGR %	-14.78	-9.51	-18.85	6.17	0.5
Total Assets, 3 Yr. CAGR %	2.59	4.89	1.96	9.62	0.03
Common Equity, 3 Yr. CAGR %	8.83	8.83	5.6	-0.38	-3.39
Tangible Book Value, 3 Yr. CAGR %	10.49	2.87	-0.4	-5.81	-2.14
Cash From Operations, 3 Yr. CAGR %	3.21	-10.73	2.93	-5.19	1.7
Capital Expenditures, 3 Yr. CAGR %	-18.18	-12.15	18.22	-26.34	-71.27
Levered Free Cash Flow, 3 Yr. CAGR %	-4.26	-45.12	10.88	3.63	99.16
Unlevered Free Cash Flow, 3 Yr. CAGR %	-3	-13.66	9.23	5.01	95.58
Dividend Per Share, 3 Yr. CAGR %	0	0	0	0	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.72	0.82	2.67	1.24	1.5
Gross Profit, 5 Yr. CAGR %	0.9	-0.76	1.34	-0.29	0.21
EBITDA, 5 Yr. CAGR %	-0.88	-2.31	-0.54	-1.48	0.7
EBITA, 5 Yr. CAGR %	-4.63	-5.95	-2.98	-4.85	-1.23
EBIT, 5 Yr. CAGR %	-5.89	-7.62	-4.66	-6.56	-2.16
Earnings From Cont. Operations, 5 Yr. CAGR %	-33.93	7.77	-7.3	-29.87	-37.22
Net Income, 5 Yr. CAGR %	-34.83	8.48	-7.32	-27.07	-37.52
Diluted EPS Before Extra, 5 Yr. CAGR %	-37.21	2.48	-11.71	-30.92	-40.16
Normalized Net Income, 5 Yr. CAGR %	3.52	-15.93	-18.05	-21.35	-28.07
Net Property, Plant and Equip., 5 Yr. CAGR %	1.5	2.76	1.03	-0.69	-0.85
Accounts Receivable, 5 Yr. CAGR %	-4.76	-1.39	-6.93	-5.92	-10.52
Total Assets, 5 Yr. CAGR %	4.2	5.61	2.21	7.38	1.79
Common Equity, 5 Yr. CAGR %	6.16	7.53	5.73	4.42	1.23
Tangible Book Value, 5 Yr. CAGR %	5.94	1.7	2.59	1.77	-1.74
Cash From Operations, 5 Yr. CAGR %	10.11	-0.72	3.28	-5.73	-2.65
Capital Expenditures, 5 Yr. CAGR %	-19.96	2.89	-5.81	-41.21	-35.49
Levered Free Cash Flow, 5 Yr. CAGR %	27.9	-12.53	-5.22	7.94	7.78
Unlevered Free Cash Flow, 5 Yr. CAGR %	63.71	-18.12	-2.73	34.41	10.61
Dividend Per Share, 5 Yr. CAGR %	6.89	1.39	0	0	0