$ATS

ATS Corp /ATS

CIK:0001394832|SEC Filings

Consolidated Statements of Income - CAD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - CAD ($) $ in Thousands	Mar. 31, 2026	Mar. 31, 2025
Profit or loss [abstract]
Revenues	$ 2,972,932	$ 2,533,288
Operating costs and expenses
Cost of revenues	2,122,067	1,886,641
Selling, general and administrative	620,270	604,241
Restructuring costs	23,128	23,972
Stock-based compensation	8,687	9,178
Earnings from operations	198,780	9,256
Net finance costs	99,579	92,194
Income (loss) before income taxes	99,201	(82,938)
Income tax expense (recovery)	27,468	(54,960)
Net income (loss)	71,733	(27,978)
Attributable to
Shareholders	71,637	(28,049)
Non-controlling interests	96	71
Net income (loss)	$ 71,733	$ (27,978)
Earnings (loss) per share attributable to shareholders
Basic (in dollars per share)	$ 0.73	$ (0.29)
Diluted (in dollars per share)	$ 0.73	$ (0.29)

Consolidated Statements of Cash Flows - CAD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Operating activities
Net income (loss)	$ 71,733	$ (27,978)
Items not involving cash
Depreciation of property, plant and equipment	34,470	33,674
Amortization of right-of-use assets	38,821	33,824
Amortization of intangible assets	90,582	85,172
Deferred income taxes	(37,522)	(84,546)
Other items not involving cash	(1,345)	(16,971)
Stock-based compensation	5,057	10,564
Change in non-cash operating working capital	246,587	(7,968)
Cash flows provided by operating activities	448,383	25,771
Investing activities
Acquisition of property, plant and equipment	(33,642)	(33,952)
Acquisition of intangible assets	(43,134)	(44,078)
Business acquisitions, net of cash acquired	0	(179,389)
Settlement of cross-currency interest rate swap instrument	0	(16,555)
Proceeds from disposal of property, plant and equipment	740	5,532
Cash flows used in investing activities	(76,036)	(268,442)
Financing activities
Bank indebtedness	(20,420)	22,478
Repayment of long-term debt	(331,424)	(573,777)
Proceeds from long-term debt	84,999	907,015
Settlement of cross-currency interest rate swap instrument	0	24,262
Proceeds from exercise of stock options	12,422	495
Purchase of non-controlling interest	(4,370)	0
Repurchase of common shares	(10,000)	(44,983)
Acquisition of shares held in trust	(9,616)	(14,690)
Principal lease payments	(34,676)	(30,519)
Cash flows provided by (used in) financing activities	(313,085)	290,281
Effect of exchange rate changes on cash and cash equivalents	(252)	8,160
Increase in cash and cash equivalents	59,010	55,770
Cash and cash equivalents at beginning of period	225,947	170,177
Cash and cash equivalents at end of period	284,957	225,947
Supplemental information
Cash income taxes paid	42,166	61,936
Cash interest paid	$ 97,501	$ 95,151

Consolidated Statements of Financial Position - CAD ($)	Mar. 31, 2026	Mar. 31, 2025
Current assets
Cash and cash equivalents	$ 284,957,000	$ 225,947,000
Accounts receivable	523,738,000	719,435,000
Income tax receivable	10,356,000	32,065,000
Contract assets	436,847,000	503,552,000
Inventories	295,206,000	320,172,000
Deposits, prepaids and other assets	94,873,000	104,179,000
Current assets, excluding assets held for sale	1,645,977,000	1,905,350,000
Assets held for sale	60,302,000	0
Current assets	1,706,279,000	1,905,350,000
Non-current assets
Property, plant and equipment	259,791,000	325,048,000
Right-of-use assets	147,054,000	122,291,000
Long-term deposits	3,710,000	4,992,000
Other assets	4,464,000	7,062,000
Goodwill	1,399,253,000	1,394,576,000
Intangible assets	704,210,000	758,531,000
Deferred income tax assets	115,269,000	104,022,000
Non-current assets	2,633,751,000	2,716,522,000
Total assets	4,340,030,000	4,621,872,000
Current liabilities
Bank indebtedness	6,744,000	27,271,000
Accounts payable and accrued liabilities	622,436,000	665,109,000
Income tax payable	34,123,000	40,073,000
Contract liabilities	307,306,000	330,134,000
Provisions	32,100,000	29,960,000
Current portion of lease liabilities	35,202,000	32,694,000
Current portion of long-term debt	173,000	219,000
Current liabilities	1,038,084,000	1,125,460,000
Non-current liabilities
Employee benefits	26,075,000	25,805,000
Long-term provisions	468,000	1,000,000
Long-term lease liabilities	119,486,000	96,699,000
Long-term debt	1,274,552,000	1,543,459,000
Deferred income tax liabilities	80,462,000	100,573,000
Other long-term liabilities	21,445,000	19,519,000
Non-current liabilities	1,522,488,000	1,787,055,000
Total liabilities	2,560,572,000	2,912,515,000
EQUITY
Share capital	852,805,000	842,015,000
Contributed surplus	30,758,000	36,539,000
Accumulated other comprehensive income	171,573,000	166,855,000
Retained earnings	722,621,000	660,368,000
Equity attributable to shareholders	1,777,757,000	1,705,777,000
Non-controlling interests	1,701,000	3,580,000
Total equity	1,779,458,000	1,709,357,000
Total liabilities and equity	$ 4,340,030,000	$ 4,621,872,000