Interfor Corp

TSX:IFPCanadaView on OTC Pink - Current Information

Nov 6, 2024

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• -- Interfor Posts Q3 Revenue of US$692.7 Million, Down From US$828.1 Million in 2023, from 5:21PM ET on Wednesday Nov 06, 2024 by MT Newswires

  5:21PM ET on Wednesday Nov 06, 2024 by MT Newswires
  Companies Mentioned: IFP
  05:21 PM EST, 11/06/2024 (MT Newswires) -- ...

• *DJ Interfor 3Q Loss/Shr C$2.05 >IFP.T, from 5:13PM ET on Wednesday Nov 06, 2024 by Dow Jones

  5:13PM ET on Wednesday Nov 06, 2024 by Dow Jones
  Companies Mentioned: IFP

• Interfor Reports Q3'24 Results, from 5:11PM ET on Wednesday Nov 06, 2024 by Dow Jones

  5:11PM ET on Wednesday Nov 06, 2024 by Dow Jones
  Companies Mentioned: IFP
  and equipment (13.2) (31.6) (55.7) (152.2) Additions to roads and bridges (2.5) (6.9) (3.9) (7.6) Acquisitions, net of cash acquired - - - 0.5 Proceeds on disposal of property, plant, equipment and other 1.6 0.2 23.7 4.9 Net proceeds related to B.C. Coast monetization 9.1 - 36.0 - Net proceeds from deposits and other assets 0.6 0.8 1.2 2.1 ---------------------- ------------ ------------ ------------ ------------ (4.4) (37.5) 1.3 (152.3) Financing activities: Issuance of share capital, net of expenses - - - 0.1 Interest payments (13.6) (9.4) (42.7) (37.5) Lease liability payments (5.4) (4.7) (17.1) (13.4) Debt refinancing costs - - - (0.2) Revolving Term Line net drawings (repayments) (75.2) (61.2) (34.8) 88.3 Additions to Senior Secured Notes - - 45.3 - Repayments of Senior Secured Notes - - (45.3) (7.1) ---------------------- ------------ ------------ ------------ ------------ (94.2) (75.3) (94.6) 30.2 Foreign exchange gain (loss) on cash and cash equivalents held in a foreign currency (0.5) 2.2 0.9 (1.8) ---------------------- ------------ ------------ ------------ ------------ Increase (decrease) in cash (61.0) (3.4) (22.9) 21.8 Cash and cash equivalents, beginning of period 93.1 102.8 55.0 77.6 ---------------------- ------------ ------------ ------------ ------------ Cash and cash equivalents, end of period $32.1 $99.4 $32.1 $99.4 CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION September 30, 2024 and December 31, 2023 (unaudited) ------------------------------------------------------------------------- (millions of Canadian Dollars) Sept. 30, 2024 Dec. 31, 2023 Assets Current assets: Cash and cash equivalents $32.1 $55.0 Trade accounts receivable and other 153.2 184.4 Income tax receivable 14.8 68.4 Inventories 253.8 339.2 Prepayments 26.1 26.9 Assets held for sale 28.2 - ------------------------------------------ 508.2 673.9 Employee future benefits 16.9 15.5 Deposits and other assets 291.6 274.6 Right of use assets 39.3 37.1 Property, plant and equipment 1,435.4 1,612.9 Roads and bridges 20.7 35.9 Timber licences 162.3 170.4 Goodwill and other intangible assets 566.9 574.7 Deferred income taxes 8.6 5.3 ------------------------------------------ -------------- ------------- $3,049.9 $3,400.3 ------------------------------------------ -------------- ------------- Liabilities and Shareholders' Equity Current liabilities: Trade accounts payable and provisions $216.3 $258.9 Current portion of long-term debt 45.0 44.1 Reforestation liability 17.5 15.8 Lease liabilities 20.5 17.2 Income taxes payable 1.2 0.2 ------------------------------------------ -------------- ------------- 300.5 336.2 Reforestation liability 29.9 28.4 Lease liabilities 19.6 23.1 Long-term debt 837.0 853.6 Employee future benefits 11.6 11.3 Provisions and other liabilities 49.0 54.6 Deferred income taxes 296.7 362.7 Equity: Share capital 408.9 408.9 Contributed surplus 6.5 6.2 Translation reserve 171.1 145.5 Retained earnings 919.1 1,169.8 ------------------------------------------ -------------- ------------- 1,505.6 1,730.4 ------------------------------------------ -------------- ------------- $3,049.9 $3,400.3 ------------------------------------------ -------------- ------------- Approved on behalf of the Board of Directors: "L. Sauder" "C. Griffin" Director Director