Enerflex Ltd's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Enerflex Ltd reported revenue of $2.6B (+6.5% year on year) and net income of $64.0M (+100.0% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $2.6B | $2.4B | $3.2B | $1.8B |
| Cost of goods sold ("COGS") | $2.0B | $1.9B | $2.5B | $1.5B |
| Gross margin | $582.0M | $504.0M | $617.1M | $322.7M |
| Selling, general and administrative expenses ("SG&A") | $272.0M | $327.0M | $395.9M | $320.4M |
| Foreign exchange ("FX") loss | $4.0M | $4.0M | $58.9M | — |
| Operating income | $306.0M | $173.0M | $162.3M | $2.3M |
| Gain on disposal of PP&E | $1.0M | $0 | ($2.1M) | $199.0K |
| Loss on financial instruments | ($4.0M) | ($11.0M) | ($17.6M) | — |
| Derecognition and unrealized (loss) gain on redemption options | ($17.0M) | $17.0M | — | — |
| Equity earnings from associates and joint ventures | ($3.0M) | $0 | $2.5M | $4.7M |
| Earnings before finance costs and income taxes ("EBIT") | $283.0M | $179.0M | — | ($40.8M) |
| Net finance costs | $120.0M | $98.0M | $126.4M | $38.9M |
| Earnings (loss) before income taxes ("EBT") | $163.0M | $81.0M | ($68.5M) | ($79.7M) |
| Current income taxes | $92.0M | $72.0M | — | — |
| Deferred income taxes | $7.0M | ($23.0M) | — | — |
| Income taxes | $99.0M | $49.0M | $42.4M | $21.2M |
| Net earnings (loss) | $64.0M | $32.0M | ($110.9M) | ($100.9M) |
| Change in fair value of derivatives designated as cash-flow hedges, net of income tax recovery | ($1.0M) | — | — | — |
| Gain on derivatives designated as cash flow hedges transferred to net earnings (loss), net of income tax expense | $0 | $1.0M | — | — |
| Unrealized gain (loss) on translation of foreign-denominated debt | $28.0M | ($51.0M) | — | — |
| Unrealized gain (loss) on translation of financial statements of foreign operations | ($12.0M) | $22.0M | — | — |
| Other comprehensive income (loss) | $15.0M | ($28.0M) | — | — |
| Total comprehensive income (loss) | $79.0M | $4.0M | — | — |
| Earnings (loss) per share - basic | $0.52 | $0.26 | -$0.90 | -$1.04 |
| Earnings (loss) per share - diluted | $0.52 | $0.26 | -$0.90 | -$1.04 |
| Weighted average number of shares – basic | 122.9M | 124.0M | 123.8M | 97.0M |
| Weighted average number of shares – diluted | 123.1M | 124.2M | 123.8M | 97.0M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $81.0M | $92.0M | $126.1M | $253.8M |
| Accounts receivable | $345.0M | $398.0M | $525.9M | $456.6M |
| Unbilled revenue | $164.0M | $157.0M | — | — |
| Inventories | $280.0M | $258.0M | $389.4M | $369.3M |
| Energy infrastructure ("EI") assets - finance leases receivable | $58.0M | $49.0M | $57.0M | $60.0M |
| Income taxes receivable | $11.0M | $3.0M | $4.1M | $5.5M |
| Prepayments | $52.0M | $49.0M | $76.6M | $71.8M |
| Total current assets | $992.0M | $1.0B | $1.4B | $1.4B |
| Unbilled revenue | $1.0M | $2.0M | — | — |
| Property, plant and equipment ("PP&E") | $102.0M | $96.0M | $136.5M | $152.5M |
| EI assets - operating leases | $686.0M | $713.0M | — | — |
| EI assets - finance leases receivable | $180.0M | $189.0M | — | — |
| Lease right-of-use assets | $61.0M | $58.0M | $82.2M | $78.4M |
| Deferred tax assets | $21.0M | $24.0M | $27.5M | $19.4M |
| Intangible assets | $29.0M | $37.0M | $73.2M | $102.8M |
| Goodwill | $430.0M | $422.0M | $571.8M | $679.4M |
| Other assets | $192.0M | $209.0M | $51.9M | $83.1M |
| Total assets | $2.7B | $2.8B | $3.9B | $4.3B |
| Accounts payable and accrued liabilities | $396.0M | $413.0M | $561.1M | $627.1M |
| Provisions | $25.0M | $22.0M | $26.0M | $18.8M |
| Income taxes payable | $80.0M | $79.0M | $73.5M | $78.7M |
| Deferred revenue | $355.0M | $375.0M | $392.4M | $366.1M |
| Lease liabilities | $22.0M | $22.0M | $25.5M | $20.1M |
| Derivative financial instruments | $1.0M | — | $594.0K | $901.0K |
| Total current liabilities | $879.0M | $911.0M | $1.1B | $1.1B |
| Deferred revenue | $13.0M | $11.0M | $29.5M | $33.4M |
| Long-term debt | $582.0M | $708.0M | $1.2B | $1.4B |
| Lease liabilities | $50.0M | $47.0M | $75.3M | $72.9M |
| Deferred tax liabilities | $51.0M | $48.0M | $86.5M | $96.4M |
| Other liabilities | $26.0M | $17.0M | $18.1M | $21.8M |
| Total liabilities | $1.6B | $1.7B | $2.5B | $2.7B |
| Share capital | $498.0M | $505.0M | $591.6M | $589.8M |
| Contributed surplus | $664.0M | $678.0M | $660.0M | $660.1M |
| Retained earnings | $130.0M | $80.0M | $40.9M | $164.2M |
| Accumulated other comprehensive loss | ($199.0M) | ($214.0M) | $101.5M | $128.8M |
| Total shareholders' equity | $1.1B | $1.0B | $1.4B | $1.5B |
| Total liabilities and shareholders' equity | $2.7B | $2.8B | $3.9B | $4.3B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net earnings | $64.0M | $32.0M | ($110.9M) | ($100.9M) |
| Depreciation and amortization | $161.0M | $185.0M | $267.5M | $128.3M |
| Equity earnings and impairment of associates and joint ventures | $3.0M | — | — | — |
| Deferred income taxes | $7.0M | ($23.0M) | ($10.9M) | $3.3M |
| Share-based compensation expense | $26.0M | $29.0M | $7.7M | $16.2M |
| Loss on financial instruments | $4.0M | $11.0M | — | — |
| Derecognition and unrealized loss (gain) on redemption options | $17.0M | — | — | — |
| (Gain) on sale of PP&E | ($1.0M) | $0 | $2.1M | ($199.0K) |
| Impairment of EI assets | $3.0M | $1.0M | $1.7M | $1.2M |
| Debt extinguishment costs of the 2027 Notes | $42.0M | — | — | — |
| Adjustments to reconcile profit (loss) other than changes in working capital | $326.0M | $218.0M | $259.6M | $91.1M |
| Net change in working capital and other | $19.0M | $106.0M | $13.7M | ($71.3M) |
| Cash provided by operating activities | $345.0M | $324.0M | $273.3M | $19.8M |
| PP&E | ($19.0M) | ($16.0M) | ($21.8M) | ($8.0M) |
| EI assets - operating leases | ($96.0M) | ($59.0M) | — | — |
| Intangible assets | $0 | ($2.0M) | ($6.5M) | — |
| PP&E | $1.0M | — | $7.5M | $416.0K |
| EI assets - operating leases | $22.0M | $3.0M | — | — |
| Net (purchases) of financial instruments | ($4.0M) | — | — | — |
| Net change in working capital associated with investing activities | ($7.0M) | $15.0M | ($17.2M) | — |
| Cash used in investing activities | ($103.0M) | ($59.0M) | ($158.9M) | $43.2M |
| Repayment of the Revolving Credit Facility | ($3.0M) | — | — | — |
| Repayment of the 2027 Notes | ($576.0M) | ($62.0M) | — | — |
| Issuance of the 2031 Notes | $400.0M | — | — | — |
| Repayment of the Term Loan | $0 | — | — | — |
| Lease liability principal repayment | ($23.0M) | ($20.0M) | ($20.4M) | ($15.8M) |
| Dividends | ($17.0M) | ($9.0M) | ($12.4M) | ($9.0M) |
| Stock option exercises | $2.0M | $1.0M | $1.3M | $260.0K |
| Shares repurchased - NCIB | -23.0M | — | — | — |
| Deferred transaction costs | ($10.0M) | ($2.0M) | ($4.9M) | ($54.7M) |
| Cash used in financing activities | ($250.0M) | ($263.0M) | ($200.5M) | $11.9M |
| Effect of exchange rate changes on cash and cash equivalents denominated in foreign currencies | ($3.0M) | ($5.0M) | ($41.6M) | $6.1M |
| Decrease in cash and cash equivalents | ($11.0M) | ($3.0M) | ($127.7M) | $81.0M |
| Cash and cash equivalents, beginning of period | $92.0M | $95.0M | $253.8M | $172.8M |
| Cash and cash equivalents, end of period | $81.0M | $92.0M | — | $253.8M |
Enerflex Ltd score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.