Mullen Group Ltd. (TSX: MTL)

Mullen Group 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	1,959	1,995	1,999	1,477	1,164	1,279
Revenue Growth (YoY)	-3.97%	-0.24%	35.33%	26.89%	-8.93%	1.40%
Cost of Revenue	1,379	1,405	1,428	1,060	816.64	909.91
Gross Profit	580.39	589.77	571.51	417.44	347.69	368.59
Selling, General & Admin	251.32	249.88	241.63	198.76	156.62	167.68
Depreciation & Amortization	115.96	115.89	112.51	113.96	101.59	104.19
Other Operating Expenses	0.02	0.02	0.02	0.02	0.03	0.02
Operating Expenses	367.3	365.79	354.16	312.75	258.23	271.89
Operating Income	213.09	223.97	217.35	104.69	89.46	96.7
Interest Expense	-38.68	-37.85	-35.44	-30.8	-29.89	-26
Interest & Investment Income	0.79	0.79	0.4	0.42	1.42	2.38
Net Interest Expenses	-37.89	-37.06	-35.04	-30.38	-28.46	-23.63
Income (Loss) On Equity Investments	1.48	2.27	8.55	1.66	1.81	2.87
Currency Exchange Gain (Loss)	2.53	4.2	-10.79	0.72	2.39	14.14
EBT Excluding Unusual Items	179.2	193.39	180.07	76.69	65.2	90.09
Merger & Restructuring Charges	-11.7	-11.7	-	-	-	-
Gain (Loss) on Sale of Assets	2.31	1.7	27.87	0.29	-5.02	-2.67
Gain (Loss) on Sale of Investments	0.79	-0.25	2.94	1.17	-0.54	0.02
Asset Writedown	-	-	-	-	-	-7.3
Other Unusual Items	-	-	-	17.85	26.5	-
Pretax Income	170.6	183.14	210.88	96	86.13	80.14
Income Tax Expense	43.38	46.42	52.26	23.56	22.16	7.9
Net Income	127.22	136.72	158.62	72.44	63.98	72.24
Net Income to Common	127.22	136.72	158.62	72.44	63.98	72.24
Net Income Growth	-26.84%	-13.81%	118.98%	13.22%	-11.44%	-
Shares Outstanding (Basic)	89	90	93	96	101	105
Shares Outstanding (Diluted)	98	99	102	96	101	105
Shares Change (YoY)	-6.06%	-3.23%	6.53%	-4.47%	-4.01%	0.53%
EPS (Basic)	1.43	1.52	1.70	0.75	0.64	0.69
EPS (Diluted)	1.37	1.45	1.62	0.75	0.64	0.69
EPS Growth	-21.94%	-10.31%	115.83%	17.96%	-7.74%	-
Free Cash Flow	184.91	175.15	181.56	129.76	159.88	95.63
Free Cash Flow Per Share	1.89	1.77	1.77	1.35	1.59	0.91
Dividend Per Share	0.720	0.720	0.680	0.480	0.330	0.600
Dividend Growth	1.41%	5.88%	41.67%	45.45%	-45.00%	0%
Gross Margin	29.62%	29.57%	28.58%	28.25%	29.86%	28.83%
Operating Margin	10.87%	11.23%	10.87%	7.09%	7.68%	7.56%
Profit Margin	6.49%	6.85%	7.93%	4.90%	5.49%	5.65%
Free Cash Flow Margin	9.44%	8.78%	9.08%	8.78%	13.73%	7.48%
EBITDA	298.95	310.75	305.7	200.82	179.51	196.5
EBITDA Margin	15.26%	15.58%	15.29%	13.59%	15.42%	15.37%
D&A For EBITDA	85.87	86.78	88.35	96.13	90.06	99.8
EBIT	213.09	223.97	217.35	104.69	89.46	96.7
EBIT Margin	10.87%	11.23%	10.87%	7.09%	7.68%	7.56%
Effective Tax Rate	25.43%	25.35%	24.78%	24.54%	25.72%	9.85%

Source: S&P Capital IQ. Standard template.