Boralex Inc. (TSX: BLX)

Boralex Income Statement

Financials in millions CAD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	986	1,022	836	691	633	574
Revenue Growth (YoY)	8.35%	22.25%	20.98%	9.16%	10.28%	19.83%
Cost of Revenue	319	380	258	153	151	127
Gross Profit	667	642	578	538	482	447
Selling, General & Admin	64	64	55	37	44	35
Research & Development	40	40	33	24	23	24
Other Operating Expenses	-5	-1	-2	-6	1	1
Operating Expenses	392	396	381	352	305	304
Operating Income	275	246	197	186	177	143
Interest Income	16	16	8	-	-	-
Interest Expense	-134	-135	-130	-137	-122	-126
Net Interest Expense	-118	-119	-122	-137	-122	-126
Pretax Income	189	154	18	44	66	-48
Income Tax	46	39	10	18	5	-5
Net Income	100	78	30	17	55	-39
Net Income Common	100	78	30	17	55	-39
Net Income Growth	669.23%	160.00%	76.47%	-69.09%	-	-
Shares Change	-0.01%	0.02%	0.02%	4.16%	8.90%	13.11%
EPS (Diluted)	0.97	0.76	0.29	0.16	0.55	-0.43
EPS Growth	707.99%	159.90%	82.52%	-70.91%	-	-
Free Cash Flow	258	236	267	178	217	135
Free Cash Flow Per Share	2.51	2.30	2.60	1.73	2.20	1.49
Dividend Per Share	0.660	0.660	0.660	0.660	0.660	0.660
Dividend Growth	0%	0%	0%	0%	0%	4.76%
Gross Margin	67.65%	62.82%	69.14%	77.86%	76.15%	77.87%
Operating Margin	27.89%	24.07%	23.56%	26.92%	27.96%	24.91%
Profit Margin	10.14%	7.63%	3.59%	2.46%	8.69%	-6.79%
Free Cash Flow Margin	26.17%	23.09%	31.94%	25.76%	34.28%	23.52%
Effective Tax Rate	24.34%	25.32%	55.56%	40.91%	7.58%	-
EBITDA	545	516	467	461	395	372
EBITDA Margin	55.27%	50.49%	55.86%	66.71%	62.40%	64.81%
EBIT	275	246	197	186	177	143
EBIT Margin	27.89%	24.07%	23.56%	26.92%	27.96%	24.91%

Source: S&P Capital IQ. Utility template.