Business Acquisition ReportWas filed on SEDAR today. Here are my highlights...
For Tervita:
- Revenue 2015 $154.2 million... 2014 $79.5 million
- Operating Income 2015 $10.8 million... 2014 $35.5 million
- Net Income 2015 -$27.2 million... 2014 -$43.8 million
- Most of Net Loss attributable to asset writedowns
- Operating Cashflow 2015 $19.8 million... 2014 $23.9 million
For the six months ended June 30
- Revenue 2016 $25.6 million... 2015 $41.2 million
- Operating Income 2016 $6.4 million... 2015 $0.6 million
- Net Income 2016 $0.2 million... 2015 -$4.5 million
- Operating Cashflow 2016 $4.4 million... 2015 $11.6 million
Two other interesting notes:
- High Arctic booked a Gain on Acquisition of $12.7 million
- Of the $42.8 million purchase price, High Arctic took out $40 million of debt