← Gildan Activewear Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Net Income | — | — | — | — | — | $541.5m | $533.6m | $400.9m | $398.9m | |
| Net Income From Continuing Operations | — | — | — | — | — | $541.5m | $533.6m | $400.9m | $398.9m | |
| Net earnings | $362.3m | $350.8m | $259.8m | — | ($225.3m) | $607.2m | $541.5m | $400.9m | $398.9m | |
| Other Adjustments To Reconcile Profit Loss | — | — | — | $395.5m | ($96.7m) | — | ($84.5m) | ($65.9m) | ($11.2m) | |
| Amortization Cash Flow | — | — | — | — | — | $19.2m | $13.8m | $13.2m | $16.6m | |
| Amortization Of Intangibles | — | — | — | — | — | $19.2m | $13.8m | $13.2m | $16.6m | |
| Depreciation | — | — | — | — | — | $105.8m | $107.8m | $125.0m | $130.9m | |
| Depreciation Amortization Depletion | — | — | — | — | — | $124.9m | $121.6m | $138.2m | $147.6m | |
| Depreciation and amortization (note 22) | — | — | — | — | $147.2m | $135.4m | $124.9m | $138.2m | $147.6m | |
| Adjustments For Deferred Tax Of Prior Periods | $62.5m | $17.2m | $98k | $94k | $1.1m | — | $24k | ($677k) | $481k | |
| Deferred Income Tax | — | — | — | — | — | ($151k) | $10.1m | $12.7m | ($4.7m) | |
| Deferred Tax | — | — | — | — | — | ($151k) | $10.1m | $12.7m | ($4.7m) | |
| Deferred income taxes (note 20) | — | — | — | — | — | — | $10.1m | $12.7m | ($4.7m) | |
| Adjustments For Share-Based Payments | $15.9m | $19.5m | $16.3m | $2.1m | $37.7m | — | $27.0m | $64.5m | $48.0m | |
| Asset Impairment Charge | — | — | — | — | ($31.5m) | $62.3m | ($40.8m) | $0 | — | |
| Share-based compensation | — | — | — | — | $2.1m | $37.7m | $32.4m | $64.5m | $48.0m | |
| Net interest expense incurred on bond issuance prior to Hanes transaction close | — | — | — | — | — | — | — | $0 | ($2.9m) | |
| Changes in working capital balances (note 24(c)) | — | — | — | — | $395.5m | ($96.7m) | ($307.1m) | ($65.9m) | ($11.2m) | |
| Additional Financial Items | ||||||||||
| Adjustments For Current Tax Of Prior Period | ($1.4m) | ($3.5m) | ($99k) | ($1.5m) | ($1.1m) | — | ($2.8m) | ($602k) | ($1.6m) | |
| Adjustments For Decrease Increase In Trade Account Receivable | $38.9m | ($79.7m) | ($3.5m) | $125.2m | ($135.1m) | — | ($161.9m) | ($134.4m) | ($87.3m) | |
| Goodwill | $226.6m | $227.4m | $227.9m | $206.6m | $283.8m | — | $271.7m | $271.7m | $868.8m | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | — | $13.5m | $15.4m | $21.5m | — | $24.9m | $15.2m | $25.7m | |
| Proceeds From Issuing Shares | $4.9m | $3.2m | $10.3m | $2.9m | $9.4m | — | $55.1m | $6.9m | $10.1m | |
| Purchase Of Intangible Assets Classified As Investing Activities | $2.8m | $17.6m | $11.6m | $7.7m | $2.8m | $2.8m | $4.7m | $5.0m | $7.4m | |
| Operating Cash Flow | $613.4m | $538.5m | $361.0m | — | $415.0m | $413.5m | $546.6m | $501.4m | $606.3m | |
| Cash Flow From Continuing Operating Activities | $613.4m | $538.5m | $361.0m | $617.5m | $415.0m | $413.5m | $546.6m | $501.4m | $606.3m | |
| Beginning Cash Position | — | — | — | — | — | $179.2m | $150.4m | $89.6m | $98.8m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | ($258.3m) | ($452.8m) | ($379.4m) | ($177.1m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($182.4m) | ($154.9m) | ($112.1m) | ($236.0m) | |
| Change In Inventory | — | — | — | — | — | ($448.8m) | $143.2m | ($20.8m) | ($117.2m) | |
| Change In Other Working Capital | — | — | — | — | — | ($1.6m) | ($4.8m) | $27.6m | $10.6m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | $35.5m | ($59.0m) | $73.1m | $153.7m | |
| Change In Prepaid Assets | — | — | — | — | — | $29.9m | ($2.0m) | ($11.4m) | $29.1m | |
| Change In Receivables | — | — | — | — | — | $77.9m | ($161.9m) | ($134.4m) | ($87.3m) | |
| Change In Working Capital | — | — | — | — | — | ($307.1m) | ($84.5m) | ($65.9m) | ($11.2m) | |
| Changes In Account Receivables | — | — | — | — | — | $77.9m | ($161.9m) | ($134.4m) | ($87.3m) | |
| Changes In Cash | — | — | — | — | — | ($27.2m) | ($61.0m) | $9.9m | $193.2m | |
| End Cash Position | — | — | — | — | — | $150.4m | $89.6m | $98.8m | $295.0m | |
| Financing Cash Flow | — | — | — | — | — | ($258.3m) | ($452.8m) | ($379.4m) | ($177.1m) | |
| Free Cash Flow | — | — | — | — | — | $168.9m | $338.6m | $351.0m | $492.5m | |
| Gain Loss On Investment Securities | — | — | — | — | — | ($11.3m) | $6.2m | ($6.1m) | ($11.7m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | ($34.2m) | ($6.4m) | ($11.2m) | $6.4m | |
| Investing Cash Flow | — | — | — | — | — | ($182.4m) | ($154.9m) | ($112.1m) | ($236.0m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $15.0m | $55.1m | $6.9m | $10.1m | |
| Net Business Purchase And Sale | — | — | — | — | — | $33.5m | $0 | $0 | ($122.7m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | ($352k) | ($484k) | $23k | $235k | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | ($5.4m) | ($4.7m) | ($5.0m) | ($7.4m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($210.5m) | ($150.1m) | ($107.1m) | ($105.9m) | |
| Operating Gains Losses | — | — | — | — | — | ($45.8m) | ($676k) | ($17.2m) | ($8.5m) | |
| Other Non Cash Items | — | — | — | — | — | $5.4m | ($19.8m) | ($16.3m) | $36.3m | |
| Purchase Of Business | — | — | — | — | ($164.0m) | — | — | $0 | ($122.7m) | |
| Purchase Of Intangibles | — | — | — | — | — | ($5.4m) | ($4.7m) | ($5.0m) | ($7.4m) | |
| Purchase Of PPE | $92.0m | $107.7m | $128.7m | $127.5m | — | ($239.1m) | ($203.3m) | ($145.3m) | ($106.4m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($457.4m) | ($386.7m) | ($783.3m) | ($213.0m) | |
| Sale Of PPE | — | — | — | — | — | $28.6m | $53.2m | $38.2m | $521k | |
| Stock Based Compensation | — | — | — | — | — | $32.4m | $27.0m | $49.1m | $48.0m | |
| Loss (gain) on disposal of PP&E, intangible assets, and right-of-use assets | — | — | — | — | ($27.1m) | ($43.7m) | ($34.2m) | ($212k) | $4.2m | |
| Other (note 24(a)) | $175.2m | $202.3m | $175.5m | — | $297.8m | $6.0m | $8.1m | ($22.4m) | ($105.1m) | |
| Purchase of intangible assets | ($2.8m) | ($17.6m) | ($11.6m) | — | ($7.7m) | ($2.8m) | ($5.4m) | ($5.0m) | ($7.4m) | |
| Business acquisitions (note 5) | ($115.8m) | ($1.3m) | ($1.3m) | — | $0 | ($164.0m) | $33.5m | $0 | ($122.7m) | |
| Proceeds from sale and leaseback, disposal of assets held for sale and other disposals of PP&E | $542k | $15.6m | $5.8m | — | $830k | $106.4m | $28.6m | $38.2m | $521k | |
| Cash flows from (used in) investing activities | ($210.0m) | ($110.9m) | ($135.8m) | — | ($57.5m) | ($187.8m) | ($182.4m) | ($112.1m) | ($236.0m) | |
| Increase (Decrease) in amounts drawn under long-term bank credit facility | $30.0m | $39.0m | $176.0m | — | ($245.0m) | $0 | $330.0m | ($235.0m) | $240.0m | |
| Proceeds from term loan (note 12) | — | — | $0 | — | $400.0m | ($400.0m) | $0 | $300.0m | $1.1b | |
| Repayment of Hanes accounts receivable securitization facility (note 5) | — | — | — | — | — | — | — | $0 | ($115.0m) | |
| Proceeds from issuance of Senior unsecured notes (note 12) | — | — | — | — | — | — | $0 | $500.0m | $1.7b | |
| Repayment of delayed draw term loan (note 12) | — | — | — | — | — | — | $300.0m | $0 | ($300.0m) | |
| Bridge facility commitment fees | — | — | — | — | — | — | — | $0 | ($9.3m) | |
| Debt breakage fee (note 5) | — | — | — | — | — | — | — | $0 | $31.8m | |
| Repurchase and cancellation of shares (note 15d)) | ($328.6m) | ($367.5m) | ($257.2m) | — | ($23.2m) | ($245.1m) | ($449.2m) | ($755.6m) | ($183.5m) | |
| Cash flows from (used in) financing activities | ($389.3m) | ($433.2m) | ($207.8m) | — | $83.5m | ($754.8m) | ($258.3m) | ($379.4m) | ($177.1m) | |
| Interest | $16.7m | $25.5m | $33.1m | — | $35.6m | $22.2m | $30.0m | $78.2m | $108.0m | |
| Income taxes, net of refunds | $15.2m | $9.7m | $10.8m | — | $9.3m | $5.7m | $26.5m | $47.9m | $29.5m | |
| Profit or Loss | — | — | — | — | — | — | — | — | $398.9m | |
| Capital Expenditure | — | — | — | — | — | ($244.6m) | ($208.0m) | ($150.4m) | ($113.8m) | |
| Purchase of property, plant and equipment | ($92.0m) | ($107.7m) | ($128.7m) | — | ($50.7m) | ($127.5m) | ($239.1m) | ($145.3m) | ($106.4m) | |
| Net Other Investing Changes | — | — | — | — | $106.4m | $28.6m | — | — | — | |
| Issuance Of Debt | — | — | — | — | — | $330.0m | $300.0m | $800.0m | $3.0b | |
| Long Term Debt Issuance | — | — | — | — | — | $330.0m | $300.0m | $800.0m | $3.0b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | $313.4m | $30.1m | $549.8m | $380.1m | |
| Net Long Term Debt Issuance | — | — | — | — | — | $313.4m | $30.1m | $549.8m | $380.1m | |
| Long Term Debt Payments | — | — | — | — | — | ($16.6m) | ($269.9m) | ($250.2m) | ($2.6b) | |
| Repayment Of Debt | — | — | — | — | — | ($16.6m) | ($269.9m) | ($250.2m) | ($2.6b) | |
| Repayment of Hanes debt (note 5) | — | — | — | — | — | — | — | $0 | ($2.3b) | |
| Common Stock Issuance | — | — | — | — | — | $15.0m | $55.1m | $6.9m | $10.1m | |
| Net Common Stock Issuance | — | — | — | — | — | ($442.4m) | ($331.6m) | ($776.4m) | ($202.9m) | |
| Common Stock Payments | — | — | — | — | — | ($457.4m) | ($386.7m) | ($783.3m) | ($213.0m) | |
| Dividends Paid Classified As Financing Activities | $84.8m | $94.6m | $110.3m | $30.6m | $90.5m | — | $131.8m | $133.5m | $135.2m | |
| Dividends Paid Ordinary Shares Per Share | $0.37 | $0.45 | $0.54 | $0.15 | — | — | $0.74 | $0.82 | $0.90 | |
| Cash Dividends Paid | — | — | — | — | — | ($123.8m) | ($131.8m) | ($133.5m) | ($135.2m) | |
| Common Stock Dividend Paid | — | — | — | — | — | ($123.8m) | ($131.8m) | ($133.5m) | ($135.2m) | |
| Dividends paid | ($85) | ($95) | ($110) | — | ($31) | ($90) | ($124) | ($133) | ($135) | |
| Net Other Financing Charges | — | — | — | — | — | ($5.5m) | ($19.5m) | ($19.2m) | ($216.1m) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | ($1.6m) | $259k | ($764k) | $2.9m | |
| Effect of exchange rate changes on cash and cash equivalents denominated in foreign currencies | $606k | ($585k) | ($6k) | — | $80k | ($942k) | ($1.6m) | ($764k) | $2.9m | |
| Net increase (decrease) in cash and cash equivalents during the fiscal year | $14.6m | ($6.1m) | $17.5m | — | $441.1m | ($326.0m) | ($28.8m) | $9.2m | $196.2m | |
| Cash and cash equivalents, beginning of fiscal year | — | — | — | — | — | — | — | $98.8m | $295.0m | |
| Cash and cash equivalents (note 6) | $52.8m | $46.7m | $64.1m | — | $505.3m | $179.2m | $150.4m | $98.8m | $284.5m | |
| Cash and cash equivalents in current assets held for sale | — | — | — | — | — | — | — | $0 | $10.5m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($28.8m) | ($60.8m) | $9.2m | $196.2m | |
| Interest Paid Classified As Operating Activities | $16.7m | $25.5m | $33.1m | $35.6m | $22.2m | — | $66.4m | $78.2m | $108.0m | |
| Income Taxes Paid Refund Classified As Operating Activities | $15.2m | $9.7m | $10.8m | $9.3m | $5.7m | $26.5m | $24.3m | $47.9m | $29.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.