Freehold Royalties Ltd. (TSX: FRU)

Freehold Royalties Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	314.58	393.02	206.19	89.96	140.84
Revenue Growth (YoY)	-19.96%	90.61%	129.21%	-36.13%	-3.03%
Cost of Revenue	105.11	111.3	88.03	79.39	94.91
Gross Profit	209.46	281.72	118.17	10.57	45.93
Selling, General & Admin	18.77	22.31	18.89	12.64	15.21
Other Operating Expenses	-8.49	1.05	0.74	2.03	3.95
Operating Expenses	20.09	23.36	19.63	14.67	19.16
Operating Income	189.37	257.57	98.54	-4.43	26.77
Interest Income	0	6.03	3.38	3.26	4.04
Interest Expense	10.28	6.03	3.38	3.05	4.25
Other Expense / Income	6.66	-11.45	3.72	12.86	18.09
Pretax Income	172.44	269.02	94.81	-17.08	8.46
Income Tax	40.53	59.84	22.73	-3.14	3.27
Net Income	131.9	209.19	72.08	-13.93	5.19
Net Income Growth	-36.95%	190.20%	-	-	-62.99%
Shares Outstanding (Basic)	151	151	137	119	118
Shares Outstanding (Diluted)	151	151	137	119	119
Shares Change	0.26%	10.14%	15.38%	-0.02%	0.25%
EPS (Basic)	0.88	1.39	0.53	-0.12	0.04
EPS (Diluted)	0.87	1.39	0.53	-0.12	0.04
EPS Growth	-37.41%	162.26%	-	-	-63.58%
Free Cash Flow	206.27	136.55	-214.98	62.13	105.68
Free Cash Flow Per Share	1.36	0.91	-1.57	0.52	0.89
Gross Margin	66.59%	71.68%	57.31%	11.74%	32.61%
Operating Margin	60.20%	65.54%	47.79%	-4.92%	19.00%
Profit Margin	41.93%	53.23%	34.96%	-15.49%	3.69%
Free Cash Flow Margin	65.57%	34.74%	-104.26%	69.06%	75.03%
Effective Tax Rate	23.51%	22.24%	23.97%	-	38.62%
EBITDA	286	360.19	186.56	74.97	121.68
EBITDA Margin	90.92%	91.65%	90.48%	83.34%	86.40%
Depreciation & Amortization	103.28	102.61	88.37	88.99	94.91
EBIT	182.72	257.57	98.19	-14.03	26.77
EBIT Margin	58.08%	65.54%	47.62%	-15.59%	19.00%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.