Boralex Historical Income Statement

BLX Stock

CAD 26.52 0.12 0.45%

Historical analysis of Boralex income statement accounts such as Total Revenue of 1.1 B, Operating Income of 258.3 M or Ebitda of 626.7 M can show how well Boralex performed in making a profits. Evaluating Boralex income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Boralex's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Boralex latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Boralex is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boralex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

About Boralex Income Statement Analysis

Boralex Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Boralex shareholders. The income statement also shows Boralex investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Boralex Income Statement Chart

Boralex Income Statement is one of the three primary financial statements used for reporting Boralex's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Boralex revenue and expense. Boralex Income Statement primarily focuses on the company's revenues and expenses during a particular period.

At this time, Boralex's Selling General Administrative is very stable compared to the past year. As of the 17th of April 2024, Other Operating Expenses is likely to grow to about 874.2 M, while EBIT is likely to drop about 64.9 M.

Total Revenue Operating Income Ebitda Selling General Administrative

Total Revenue

Total revenue comprises all receipts Boralex generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Operating Income

Operating Income is the amount of profit realized from Boralex operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Boralex is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Boralex's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Boralex current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boralex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Operating Income	182M	112M	246M	258.3M
Total Revenue	691M	836M	1.0B	1.1B

Operating Income Total Revenue

Boralex income statement Correlations

	Interest Expense	Total Revenue	Operating Income	Ebitda	Net Income	Depreciation And Amortization	Selling General Administrative	Other Operating Expenses	Ebit	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Income Tax Expense	Gross Profit	Cost Of Revenue	Research Development	Discontinued Operations	Net Income From Continuing Ops	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Interest Expense		0.88	0.79	0.92	0.35	0.88	0.84	0.85	0.77	0.77	0.38	-0.37	0.23	0.92	0.64	0.88	0.74	0.39	-0.56	0.45	0.16	-0.9	0.77
Total Revenue	0.88		0.93	0.99	0.67	0.99	0.99	0.99	0.63	0.97	0.73	0.0	0.52	0.98	0.91	0.97	0.64	0.72	-0.81	0.78	-0.22	-0.87	0.86
Operating Income	0.79	0.93		0.93	0.77	0.9	0.91	0.9	0.67	0.92	0.83	0.07	0.59	0.91	0.86	0.88	0.58	0.82	-0.9	0.84	-0.28	-0.8	0.71
Ebitda	0.92	0.99	0.93		0.6	0.99	0.97	0.97	0.73	0.92	0.65	-0.12	0.5	0.99	0.85	0.96	0.66	0.65	-0.76	0.71	-0.09	-0.92	0.88
Net Income	0.35	0.67	0.77	0.6		0.6	0.68	0.65	0.33	0.72	0.96	0.55	0.63	0.58	0.77	0.57	0.25	0.98	-0.77	0.84	-0.62	-0.35	0.33
Depreciation And Amortization	0.88	0.99	0.9	0.99	0.6		0.98	0.99	0.61	0.96	0.68	-0.02	0.48	0.98	0.91	0.98	0.63	0.66	-0.77	0.75	-0.19	-0.89	0.89
Selling General Administrative	0.84	0.99	0.91	0.97	0.68	0.98		0.99	0.59	0.96	0.74	0.03	0.51	0.96	0.92	0.96	0.58	0.74	-0.79	0.79	-0.28	-0.83	0.85
Other Operating Expenses	0.85	0.99	0.9	0.97	0.65	0.99	0.99		0.57	0.97	0.72	0.05	0.5	0.96	0.93	0.98	0.62	0.71	-0.78	0.78	-0.26	-0.85	0.87
Ebit	0.77	0.63	0.67	0.73	0.33	0.61	0.59	0.57		0.46	0.28	-0.49	0.41	0.75	0.31	0.57	0.62	0.3	-0.43	0.3	0.42	-0.77	0.63
Total Operating Expenses	0.77	0.97	0.92	0.92	0.72	0.96	0.96	0.97	0.46		0.81	0.21	0.5	0.9	0.98	0.96	0.56	0.8	-0.86	0.86	-0.42	-0.78	0.77
Income Before Tax	0.38	0.73	0.83	0.65	0.96	0.68	0.74	0.72	0.28	0.81		0.54	0.68	0.63	0.86	0.65	0.27	0.99	-0.88	0.94	-0.69	-0.41	0.44
Total Other Income Expense Net	-0.37	0.0	0.07	-0.12	0.55	-0.02	0.03	0.05	-0.49	0.21	0.54		0.13	-0.15	0.36	0.0	-0.26	0.53	-0.19	0.4	-0.78	0.29	-0.26
Income Tax Expense	0.23	0.52	0.59	0.5	0.63	0.48	0.51	0.5	0.41	0.5	0.68	0.13		0.52	0.52	0.4	0.09	0.62	-0.65	0.78	-0.2	-0.42	0.58
Gross Profit	0.92	0.98	0.91	0.99	0.58	0.98	0.96	0.96	0.75	0.9	0.63	-0.15	0.52		0.82	0.96	0.67	0.63	-0.74	0.69	-0.03	-0.93	0.89
Cost Of Revenue	0.64	0.91	0.86	0.85	0.77	0.91	0.92	0.93	0.31	0.98	0.86	0.36	0.52	0.82		0.9	0.45	0.84	-0.85	0.89	-0.56	-0.67	0.71
Research Development	0.88	0.97	0.88	0.96	0.57	0.98	0.96	0.98	0.57	0.96	0.65	0.0	0.4	0.96	0.9		0.7	0.64	-0.75	0.7	-0.19	-0.87	0.84
Discontinued Operations	0.74	0.64	0.58	0.66	0.25	0.63	0.58	0.62	0.62	0.56	0.27	-0.26	0.09	0.67	0.45	0.7		0.29	-0.43	0.27	0.08	-0.59	0.49
Net Income From Continuing Ops	0.39	0.72	0.82	0.65	0.98	0.66	0.74	0.71	0.3	0.8	0.99	0.53	0.62	0.63	0.84	0.64	0.29		-0.85	0.9	-0.69	-0.39	0.39
Minority Interest	-0.56	-0.81	-0.9	-0.76	-0.77	-0.77	-0.79	-0.78	-0.43	-0.86	-0.88	-0.19	-0.65	-0.74	-0.85	-0.75	-0.43	-0.85		-0.92	0.48	0.6	-0.58
Tax Provision	0.45	0.78	0.84	0.71	0.84	0.75	0.79	0.78	0.3	0.86	0.94	0.4	0.78	0.69	0.89	0.7	0.27	0.9	-0.92		-0.6	-0.53	0.59
Interest Income	0.16	-0.22	-0.28	-0.09	-0.62	-0.19	-0.28	-0.26	0.42	-0.42	-0.69	-0.78	-0.2	-0.03	-0.56	-0.19	0.08	-0.69	0.48	-0.6		-0.23	0.09
Net Interest Income	-0.9	-0.87	-0.8	-0.92	-0.35	-0.89	-0.83	-0.85	-0.77	-0.78	-0.41	0.29	-0.42	-0.93	-0.67	-0.87	-0.59	-0.39	0.6	-0.53	-0.23		-0.89
Reconciled Depreciation	0.77	0.86	0.71	0.88	0.33	0.89	0.85	0.87	0.63	0.77	0.44	-0.26	0.58	0.89	0.71	0.84	0.49	0.39	-0.58	0.59	0.09	-0.89

Click cells to compare fundamentals

Boralex Account Relationship Matchups

Boralex income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	118M	126M	107M	123M	117M	129.2M
Total Revenue	574M	633M	691M	836M	1.0B	1.1B
Operating Income	146M	172M	182M	112M	246M	258.3M
Ebitda	445M	428M	472M	519M	596.9M	626.7M
Net Income	(43M)	55M	26M	8M	78M	81.9M
Depreciation And Amortization	299M	256M	290M	407M	468.1M	491.5M
Selling General Administrative	35M	44M	37M	55M	64M	67.2M
Other Operating Expenses	429M	454M	505M	724M	832.6M	874.2M
Ebit	66M	146M	172M	182M	128.8M	64.9M
Total Operating Expenses	302M	303M	352M	466M	776M	814.8M
Income Before Tax	(48M)	66M	44M	18M	154M	161.7M
Total Other Income Expense Net	(194M)	(106M)	(138M)	(94M)	37M	38.9M
Income Tax Expense	(5M)	5M	18M	10M	9M	9.5M
Gross Profit	447M	482M	538M	578M	602M	632.1M
Cost Of Revenue	127M	151M	153M	258M	424M	445.2M
Research Development	26M	24M	23M	33M	40M	42M
Net Income From Continuing Ops	(43M)	61M	26M	8M	115M	120.8M
Net Income Applicable To Common Shares	(39M)	55M	17M	30M	34.5M	36.2M
Minority Interest	15M	2M	(9M)	22M	(37M)	(35.2M)
Tax Provision	(5M)	5M	18M	10M	39M	41.0M
Interest Income	127M	88M	135M	93M	16M	15.2M
Net Interest Income	(141M)	(113M)	(144M)	(130M)	(129M)	(135.5M)
Reconciled Depreciation	299M	237M	297M	380M	293M	300.0M

Pair Trading with Boralex

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Boralex position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Boralex will appreciate offsetting losses from the drop in the long position's value.

Moving together with Boralex Stock

0.62

UNH

UnitedHealth Group CDR

Pair Corr

Moving against Boralex Stock

0.89	WMT	Walmart Inc CDR	Pair Corr
0.87	AMZN	Amazon CDR	Pair Corr
0.83	JPM	JPMorgan Chase	Pair Corr
0.79	BRK	Berkshire Hathaway CDR	Pair Corr
0.58	COST	Costco Wholesale Corp	Pair Corr

The ability to find closely correlated positions to Boralex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boralex when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Boralex - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Boralex to buy it.

The correlation of Boralex is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Boralex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boralex moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Boralex can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Complementary Tools for Boralex Stock analysis

When running Boralex's price analysis, check to measure Boralex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Boralex is operating at the current time. Most of Boralex's value examination focuses on studying past and present price action to predict the probability of Boralex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boralex's price. Additionally, you may evaluate how the addition of Boralex to your portfolios can decrease your overall portfolio volatility.

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Please note, there is a significant difference between Boralex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Boralex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boralex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Boralex Historical Income Statement

About Boralex Income Statement Analysis

Boralex Income Statement Chart

Total Revenue

Operating Income

Boralex income statement Correlations

Boralex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Boralex income statement Accounts

Pair Trading with Boralex

Moving together with Boralex Stock

Moving against Boralex Stock

Complementary Tools for Boralex Stock analysis

COMMON DESTINATIONS

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COMPANY

Ebitda	+ 0.99	Total Revenue
Depreciation And Amortization	+ 0.99	Total Revenue
Selling General Administrative	+ 0.99	Total Revenue
Other Operating Expenses	+ 0.99	Total Revenue
Depreciation And Amortization	+ 0.99	Ebitda
Gross Profit	+ 0.99	Ebitda

Net Interest Income	- 0.93	Gross Profit
Tax Provision	- 0.92	Minority Interest
Net Interest Income	- 0.92	Ebitda
Minority Interest	- 0.9	Operating Income
Net Interest Income	- 0.9	Interest Expense
Reconciled Depreciation	- 0.89	Net Interest Income