← SNDL Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||
| Net Income | — | — | — | — | ($335.1m) | ($172.7m) | ($94.8m) | ($15.8m) | |
| Net Income From Continuing Operations | — | — | — | — | ($372.4m) | ($176.6m) | ($96.2m) | ($15.8m) | |
| Depreciation and amortization | — | — | — | — | $47.3m | $64.9m | $56.7m | $56.3m | |
| Amortization Cash Flow | — | — | — | $915k | $2.2m | — | $2.6m | $2.8m | |
| Amortization Of Intangibles | — | — | — | $915k | $2.2m | — | $2.6m | $2.8m | |
| Depreciation Amortization Depletion | — | — | — | — | $47.3m | $64.9m | $56.7m | $56.3m | |
| Deferred Income Tax | — | — | — | — | ($7.3m) | $0 | ($9.4m) | $0 | |
| Deferred Tax | — | — | — | — | ($7.3m) | $0 | ($9.4m) | $0 | |
| Adjustments For Share-Based Payments | $7.4m | $39.5m | $8.6m | $12.3m | $9.7m | $15.4m | $20.0m | $13.9m | |
| Share-based compensation | — | — | — | — | $9.7m | $15.4m | $20.0m | $13.9m | |
| Inventory impairment and obsolescence | — | — | — | — | $7.0m | $30.6m | $3.7m | $2.7m | |
| Asset impairment, net | — | — | — | — | $196.0m | $55.0m | $17.3m | $2.6m | |
| Asset Impairment Charge | — | — | — | — | $196.0m | $85.6m | $21.0m | $5.3m | |
| Adjustments For Income Tax Expense | — | ($4.6m) | — | ($2.3m) | ($7.3m) | $0 | ($9.4m) | $0 | |
| Proceeds From Sales Of Investments Other Than Investments Accounted For Using Equity Method | — | — | — | — | — | — | — | $18.1m | |
| Loss on disposition of assets | — | — | — | — | $94k | $353k | $370k | $182k | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | $43.0m | ($6.8m) | $65.5m | $3.6m | |
| Additional Financial Items | |||||||||
| Adjustments For Decrease Increase In Trade Account Receivable | $2.5m | $15.3m | $2.0m | ($7.3m) | $5.8m | ($15.1m) | $1.8m | $1.1m | |
| Adjustments For Finance Costs | $917k | $12.9m | $9.3m | — | — | — | — | — | |
| Adjustments For Unrealised Foreign Exchange Losses Gains | — | ($1.1m) | ($757k) | ($63k) | ($16k) | ($13k) | $108k | $614k | |
| General And Administrative Expense | $8.3m | $44.4m | $32.0m | $38.4m | $140.2m | $199.7m | $187.2m | $182.2m | |
| Goodwill | — | $11.4m | — | $114.5m | $67.3m | $119.3m | $124.2m | $124.2m | |
| Increase Decrease In Working Capital | ($1.2m) | $47.4m | $5.3m | $1.5m | $22.1m | $32.9m | $7.4m | ($1.4m) | |
| Interest Received Classified As Operating Activities | — | — | — | — | $13.4m | $13.6m | $12.5m | $7.1m | |
| Payments Of Lease Liabilities Classified As Financing Activities | $34k | $791k | $420k | $1.0m | $27.7m | $41.0m | $37.0m | $39.2m | |
| Payments To Acquire Or Redeem Entitys Shares | — | — | — | — | $13.4m | $1.5m | $13.2m | $15.3m | |
| Proceeds From Borrowings Classified As Financing Activities | $32.2m | $82.7m | — | — | — | — | — | — | |
| Proceeds From Issuing Shares | $36.6m | $177.2m | $181.8m | $1.1b | $22k | $0 | — | — | |
| Purchase Of Intangible Assets Classified As Investing Activities | — | — | $150k | $0 | $197k | $87k | $2.4m | $0 | |
| Repayments Of Borrowings Classified As Financing Activities | — | $32.9m | $84.0m | — | $10.0m | $0 | — | — | |
| Net loss for the period | — | — | — | — | ($372.4m) | ($176.6m) | ($96.2m) | ($15.8m) | |
| Income tax recovery | — | — | — | — | ($7.3m) | $0 | ($9.4m) | $0 | |
| Interest and fee income | — | — | — | — | — | ($14.5m) | ($15.6m) | ($7.4m) | |
| Change in fair value of biological assets | — | — | — | — | $1.3m | $7.9m | ($892k) | ($2.3m) | |
| Change in fair value of inventory sold | — | — | — | — | — | — | ($1.6m) | $1.3m | |
| Finance costs, net | — | — | — | — | $41.3m | $11.4m | $7.2m | $6.7m | |
| Change in estimate of fair value of derivative warrants | — | — | — | — | ($10.8m) | ($6.6m) | ($4.4m) | ($26k) | |
| Unrealized foreign exchange loss | — | — | — | — | ($16k) | ($13k) | $108k | $614k | |
| Transaction costs | — | — | — | — | $0 | $1.2m | $164k | $0 | |
| Bargain purchase gain | — | — | — | — | — | $0 | ($5.5m) | $0 | |
| Share of loss of equity-accounted investees | — | — | — | — | $43.0m | ($6.8m) | $65.5m | $3.6m | |
| Unrealized (gain) loss on marketable securities | — | — | — | — | $65.6m | ($129.6m) | $86k | ($378k) | |
| Additions to marketable securities | — | — | — | — | ($3.5m) | $0 | $0 | $433k | |
| Income distributions from equity-accounted investees | — | — | — | — | $1.7m | $0 | $10.7m | $68k | |
| Interest received | — | — | — | — | $13.4m | $13.6m | $12.5m | $7.1m | |
| Change in non-cash working capital | — | — | — | — | $1.6m | $42k | $621k | $373k | |
| Additions to intangible assets | — | — | — | — | ($197k) | ($87k) | ($2.4m) | $0 | |
| Additions to investments | — | — | — | — | ($75.6m) | ($732k) | ($36.2m) | ($16.4m) | |
| Principal payments from investments | — | — | — | — | — | — | $13.5m | $27.5m | |
| Proceeds from disposal of investments | — | — | — | — | — | — | $0 | $18.1m | |
| Capital refunds from equity-accounted investees | — | — | — | — | — | — | $168k | $0 | |
| Capital distributions from equity-accounted investees | — | — | — | — | — | $0 | $89.8m | $4.7m | |
| Acquisitions, net of cash acquired | — | — | — | — | ($28.6m) | $3.7m | ($39.6m) | ($3.0m) | |
| Payments on lease liabilities, net | — | — | — | — | ($27.7m) | ($41.0m) | ($37.0m) | ($39.2m) | |
| Repurchase of common shares | — | — | — | — | ($13.4m) | ($1.5m) | ($13.2m) | ($15.3m) | |
| Proceeds from issuance of shares, net of costs | — | — | — | — | $22k | $0 | ($59k) | $0 | |
| Issuance of common shares by subsidiaries | — | — | — | — | — | $0 | $174k | $0 | |
| Beginning Cash Position | — | — | — | — | $558.3m | $279.6m | $195.0m | $218.4m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | ($41.8m) | ($43.1m) | ($49.4m) | ($54.5m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | ($230.2m) | ($24.8m) | $17.8m | $17.5m | |
| Cash From Discontinued Financing Activities | — | — | — | $0 | $0 | $0 | — | — | |
| Cash From Discontinued Investing Activities | — | — | — | $0 | $0 | $0 | — | — | |
| Change In Working Capital | — | — | — | — | ($22.1m) | ($32.9m) | ($7.4m) | $1.4m | |
| Changes In Cash | — | — | — | — | ($278.7m) | ($84.5m) | $23.3m | $33.9m | |
| End Cash Position | — | — | — | — | $279.6m | $195.0m | $218.4m | $252.2m | |
| Financing Cash Flow | — | — | — | — | ($41.8m) | ($43.1m) | ($49.4m) | ($54.5m) | |
| Free Cash Flow | — | — | — | — | ($17.6m) | ($24.6m) | $43.9m | $58.1m | |
| Gain Loss On Investment Securities | — | — | — | — | ($10.8m) | $132.3m | ($4.4m) | ($26k) | |
| Interest Received CFO | — | — | — | — | $13.4m | $13.6m | $12.5m | $7.1m | |
| Investing Cash Flow | — | — | — | — | ($230.2m) | ($24.8m) | $17.8m | $17.5m | |
| Issuance Of Capital Stock | — | — | — | $1.1b | $22k | $0 | — | — | |
| Net Business Purchase And Sale | — | — | — | — | ($147.8m) | ($21.4m) | ($39.5m) | ($3.0m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | ($16k) | ($13k) | $108k | $614k | |
| Net Intangibles Purchase And Sale | — | — | — | — | ($197k) | ($87k) | ($2.4m) | $0 | |
| Net PPE Purchase And Sale | — | — | — | — | ($6.7m) | ($6.6m) | ($7.9m) | ($12.0m) | |
| Operating Gains Losses | — | — | — | — | $32.3m | $125.9m | $61.6m | $4.4m | |
| Other Non Cash Items | — | — | — | — | ($6.9m) | $9.4m | ($15.2m) | ($1.4m) | |
| Proceeds From Stock Option Exercised | — | — | — | $119.3m | $0 | — | — | — | |
| Purchase Of Business | — | — | — | — | ($147.8m) | ($25.1m) | ($39.6m) | ($3.0m) | |
| Purchase Of Intangibles | — | — | — | — | ($197k) | ($87k) | ($2.4m) | $0 | |
| Purchase Of PPE | — | $138.1m | $3.0m | $3.8m | ($10.7m) | ($7.8m) | ($8.6m) | ($12.8m) | |
| Repurchase Of Capital Stock | — | — | — | — | ($13.4m) | ($1.5m) | ($13.3m) | ($15.3m) | |
| Sale Of PPE | — | — | — | — | $4.0m | $1.2m | $734k | $813k | |
| Stock Based Compensation | — | — | — | — | $9.7m | $15.4m | $20.0m | $13.9m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | $101.6m | ($126.3m) | $661k | ($378k) | |
| Profit or Loss | ($56.5m) | ($271.6m) | ($239.9m) | ($230.2m) | ($372.4m) | ($176.6m) | ($96.2m) | ($15.8m) | |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | — | $83k | $2.1m | $194k | $4.0m | $1.2m | $734k | $813k | |
| Additions to property, plant and equipment | — | — | — | — | ($10.7m) | ($7.8m) | ($8.6m) | ($12.8m) | |
| Net Investment Purchase And Sale | — | — | — | — | ($75.6m) | ($732k) | ($22.6m) | $29.2m | |
| Purchase Of Investment | — | — | — | — | ($75.6m) | ($732k) | ($36.2m) | ($16.4m) | |
| Sale Of Investment | — | — | — | — | — | — | $13.5m | $45.6m | |
| Net Other Investing Changes | — | — | — | — | $74k | $4.0m | $383k | ($1.4m) | |
| Net cash provided by investing activities | — | — | — | — | ($230.2m) | ($24.8m) | $17.8m | $17.5m | |
| Issuance Of Debt | — | — | — | $0 | $0 | — | — | — | |
| Long Term Debt Issuance | — | — | — | $0 | $0 | — | — | — | |
| Net Issuance Payments Of Debt | — | — | — | — | ($37.7m) | ($41.0m) | ($37.0m) | ($39.2m) | |
| Net Long Term Debt Issuance | — | — | — | — | ($37.7m) | ($41.0m) | ($37.0m) | ($39.2m) | |
| Long Term Debt Payments | — | — | — | — | ($37.7m) | ($41.0m) | ($37.0m) | ($39.2m) | |
| Repayment Of Debt | — | — | — | — | ($37.7m) | ($41.0m) | ($37.0m) | ($39.2m) | |
| Common Stock Issuance | — | — | — | $1.1b | $22k | $0 | — | — | |
| Net Common Stock Issuance | — | — | — | — | ($13.4m) | ($1.5m) | ($13.3m) | ($15.3m) | |
| Common Stock Payments | — | — | — | — | ($13.4m) | ($1.5m) | ($13.3m) | ($15.3m) | |
| Dividend Received CFO | — | — | — | — | $1.7m | $0 | $10.7m | $68k | |
| Dividends Received CFI | — | — | — | — | $0 | $0 | $89.8m | $4.7m | |
| Net Other Financing Charges | — | — | — | — | $9.3m | ($531k) | $871k | $106k | |
| Net cash used in financing activities | — | — | — | — | ($41.8m) | ($43.1m) | ($49.4m) | ($54.5m) | |
| Effect Of Exchange Rate Changes | — | — | — | ($9k) | $0 | — | — | — | |
| Change in restricted cash | — | — | — | — | $7.7m | ($553k) | $76k | ($267k) | |
| Change in cash and cash equivalents | — | — | — | — | ($278.7m) | ($84.5m) | $23.3m | $33.9m | |
| Cash and cash equivalents, beginning of period | — | — | — | — | $279.6m | $195.0m | $218.4m | $252.2m | |
| Change In Cash Supplemental As Reported | — | — | — | — | ($278.7m) | ($84.5m) | $23.3m | $33.9m | |
| Interest Paid Classified As Financing Activities | $919k | $13.8m | $6.1m | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.