Air Canada
F:ADH2

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Air Canada
F:ADH2
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Price: 11.96 EUR -0.08%
Market Cap: €4.3B
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
+80%
5Y
-
10Y
+114%
Investing Cash Flow
+
3Y
+84%
5Y
+39%
10Y
+68%
Financing Cash Flow
+
3Y
-176%
5Y
-
10Y
-

Cash Flow Statement
Air Canada

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Cash Flow Statement
Currency: CAD
Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
6
(65)
(74)
18
21
250
429
175
142
(263)
(1 025)
(1 137)
(1 104)
(695)
(24)
264
(209)
(169)
(24)
69
341
(100)
(249)
(504)
(619)
(136)
(136)
(122)
16
(44)
10
(71)
175
199
105
137
210
324
308
718
608
939
876
762
887
1 842
2 029
1 839
1 426
405
37
585
1 030
964
1 476
82
(2 013)
(3 334)
(4 647)
(4 902)
(4 315)
(4 270)
(3 602)
(3 272)
(2 493)
(2 361)
(1 700)
(722)
502
2 260
2 276
2 191
1 763
2 548
1 720
1 699
1 475
(296)
Depreciation & Amortization
666
484
514
528
543
557
557
595
628
660
694
682
674
669
660
697
725
739
801
790
781
781
728
720
703
688
669
662
625
585
578
538
541
557
543
570
618
641
671
701
728
785
839
887
928
950
984
1 167
1 349
1 529
1 717
1 755
1 818
1 906
1 986
2 034
2 027
1 934
1 849
1 758
1 675
1 652
1 616
1 610
1 613
1 622
1 640
1 661
1 672
1 678
1 703
1 717
1 747
1 781
1 799
1 852
1 895
1 950
Change in Deffered Taxes
2
(38)
(3)
15
51
149
174
137
139
19
23
72
16
9
2
0
1
1
3
0
1
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(771)
(759)
(785)
(789)
225
185
137
222
128
227
105
302
13
(164)
(52)
(465)
(370)
(395)
(164)
(6)
25
129
(47)
(104)
(17)
(47)
(7)
22
(1 209)
(1 235)
(1 324)
(1 388)
15
Stock-Based Compensation
0
0
3
0
0
0
9
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
4
0
0
0
12
8
17
14
8
0
0
0
0
0
0
0
0
0
0
0
9
10
13
15
9
10
12
13
13
15
16
17
15
13
12
11
12
12
15
16
16
20
9
5
15
6
13
16
16
17
17
17
Other Non-Cash Items
(143)
(99)
(64)
(152)
(198)
(364)
(543)
(278)
(186)
(99)
469
63
(131)
(381)
(850)
(772)
(227)
19
(123)
(154)
(375)
41
20
231
311
(219)
(99)
(106)
(89)
72
82
223
28
168
298
505
522
754
891
513
594
382
493
492
464
305
92
348
730
741
1 207
2 386
2 013
2 146
1 454
899
1 141
845
827
(34)
(197)
140
312
379
265
1 152
859
708
559
(386)
(229)
(81)
217
327
1 363
1 343
1 472
1 124
Cash Taxes Paid
23
3
0
0
3
6
0
6
3
0
0
(3)
0
(6)
0
0
0
4
0
1
1
0
0
0
0
1
0
1
0
1
0
1
1
(1)
0
(1)
(1)
0
0
0
0
0
0
1
1
1
0
22
27
32
32
17
34
46
62
146
124
19
8
(51)
(41)
5
2
20
24
62
67
52
52
58
45
11
(2)
(44)
(50)
(5)
7
32
Cash Interest Paid
349
241
251
252
249
253
263
280
285
299
293
314
331
323
326
305
291
300
276
305
273
295
281
274
0
376
0
330
365
285
345
295
357
232
328
321
338
344
315
324
324
336
331
340
322
320
287
349
395
469
519
526
517
509
493
481
482
488
528
551
567
582
531
623
603
684
761
801
848
886
858
864
798
748
696
625
618
609
Change in Working Capital
324
262
20
(60)
(74)
(231)
(80)
(142)
(159)
(91)
(263)
156
76
(37)
45
(233)
90
175
276
185
96
34
77
156
260
217
209
191
149
120
61
124
45
65
8
206
196
107
155
259
405
196
213
333
366
374
392
433
538
411
324
427
216
439
569
(539)
(1 217)
(338)
(218)
9
(45)
42
506
1 139
2 754
1 730
1 440
1 838
1 235
447
617
655
160
791
283
294
381
1 118
Cash from Operating Activities
855
N/A
544
-36%
393
-28%
349
-11%
343
-2%
361
+5%
537
+49%
487
-9%
564
+16%
226
-60%
(102)
N/A
(164)
-61%
(469)
-186%
(435)
+7%
(167)
+62%
(43)
+74%
380
N/A
765
+101%
933
+22%
893
-4%
844
-5%
757
-10%
576
-24%
603
+5%
655
+9%
550
-16%
643
+17%
625
-3%
701
+12%
733
+5%
731
0%
814
+11%
789
-3%
989
+25%
954
-4%
1 418
+49%
1 546
+9%
1 826
+18%
2 025
+11%
2 191
+8%
2 335
+7%
2 302
-1%
2 421
+5%
2 474
+2%
2 645
+7%
2 700
+2%
2 738
+1%
3 002
+10%
3 254
+8%
3 311
+2%
3 470
+5%
5 290
+52%
5 299
+0%
5 583
+5%
5 712
+2%
2 581
-55%
240
-91%
(880)
N/A
(2 353)
-167%
(3 221)
-37%
(3 347)
-4%
(2 806)
+16%
(1 563)
+44%
(308)
+80%
2 133
N/A
2 168
+2%
2 368
+9%
3 438
+45%
3 864
+12%
3 982
+3%
4 320
+8%
4 475
+4%
3 909
-13%
4 238
+8%
3 930
-7%
3 864
-2%
3 835
-1%
3 911
+2%
Investing Cash Flow
Capital Expenditures
(1 334)
(1 142)
(888)
(1 047)
(1 590)
(1 985)
(2 714)
(2 684)
(2 174)
(1 675)
(883)
(587)
(411)
(340)
(232)
(202)
(188)
(193)
(187)
(172)
(179)
(200)
(220)
(297)
(357)
(409)
(444)
(419)
(581)
(709)
(962)
(1 158)
(1 316)
(1 459)
(1 501)
(1 616)
(1 404)
(1 587)
(1 815)
(2 506)
(3 748)
(3 305)
(2 921)
(2 731)
(2 174)
(2 220)
(2 422)
(2 469)
(2 531)
(2 608)
(2 436)
(2 383)
(1 979)
(2 034)
(2 025)
(1 478)
(1 137)
(1 118)
(1 202)
(1 109)
(1 163)
(1 030)
(1 073)
(1 069)
(1 439)
(1 623)
(1 572)
(1 746)
(1 635)
(1 575)
(1 564)
(1 650)
(1 598)
(1 780)
(2 636)
(2 795)
(3 034)
(3 181)
Other Items
(474)
782
(234)
(158)
(275)
(205)
(83)
562
833
899
1 073
707
694
975
1 070
695
385
(79)
(778)
(542)
(633)
(585)
(170)
(440)
(196)
(77)
109
353
260
(83)
(99)
(155)
(290)
58
(31)
(159)
(14)
(426)
(373)
(40)
335
474
595
617
317
145
(269)
(576)
(1 009)
(722)
(497)
(1 328)
(1 002)
(832)
(770)
607
646
73
469
1 039
1 499
587
(796)
(2 787)
(3 830)
(2 279)
(926)
(245)
249
174
(263)
579
860
973
1 273
1 288
2 153
2 540
Cash from Investing Activities
(1 808)
N/A
(360)
+80%
(1 122)
-212%
(1 205)
-7%
(1 865)
-55%
(2 190)
-17%
(2 797)
-28%
(2 122)
+24%
(1 341)
+37%
(776)
+42%
190
N/A
120
-37%
283
+136%
635
+124%
838
+32%
493
-41%
197
-60%
(272)
N/A
(965)
-255%
(714)
+26%
(812)
-14%
(785)
+3%
(390)
+50%
(737)
-89%
(553)
+25%
(486)
+12%
(335)
+31%
(66)
+80%
(321)
-386%
(792)
-147%
(1 061)
-34%
(1 313)
-24%
(1 606)
-22%
(1 401)
+13%
(1 532)
-9%
(1 775)
-16%
(1 418)
+20%
(2 013)
-42%
(2 188)
-9%
(2 546)
-16%
(3 413)
-34%
(2 831)
+17%
(2 326)
+18%
(2 114)
+9%
(1 857)
+12%
(2 075)
-12%
(2 691)
-30%
(3 045)
-13%
(3 540)
-16%
(3 330)
+6%
(2 933)
+12%
(3 711)
-27%
(2 981)
+20%
(2 866)
+4%
(2 795)
+2%
(871)
+69%
(491)
+44%
(1 045)
-113%
(733)
+30%
(70)
+90%
336
N/A
(443)
N/A
(1 869)
-322%
(3 856)
-106%
(5 269)
-37%
(3 902)
+26%
(2 498)
+36%
(1 991)
+20%
(1 386)
+30%
(1 401)
-1%
(1 827)
-30%
(1 071)
+41%
(738)
+31%
(807)
-9%
(1 363)
-69%
(1 507)
-11%
(881)
+42%
(641)
+27%
Financing Cash Flow
Net Issuance of Common Stock
0
0
187
0
0
0
0
0
0
0
0
0
0
0
256
0
0
0
2
0
0
0
0
0
0
0
(5)
0
0
1
14
0
0
9
1
2
3
(39)
(59)
(94)
(119)
(108)
(92)
(90)
(67)
(33)
(62)
(30)
(50)
(51)
(68)
(118)
(198)
(290)
(364)
(445)
209
298
1 237
1 442
1 369
1 369
555
482
3
5
6
6
5
3
1
0
0
0
(472)
(799)
(1 299)
(1 298)
Net Issuance of Debt
232
308
92
(23)
383
653
1 410
1 241
605
227
(121)
(142)
(50)
348
(311)
(219)
(214)
(269)
16
(124)
(110)
(459)
(376)
(150)
(176)
(171)
(310)
(415)
(377)
105
327
526
874
488
501
552
134
284
198
417
1 091
833
263
96
(295)
(418)
(81)
38
(79)
(228)
(496)
(1 086)
(1 392)
(1 316)
(1 084)
(314)
3 564
3 521
3 543
2 749
(587)
3 539
3 661
3 744
3 335
(1 004)
(1 612)
(1 712)
(2 500)
(2 776)
(2 368)
(3 750)
(3 049)
(2 458)
(2 366)
(925)
(1 338)
(1 479)
Other
1 213
141
863
610
624
651
(70)
(1)
20
28
5
5
5
(3)
0
(2)
(2)
(11)
(11)
(40)
(61)
(52)
(52)
(37)
(16)
(16)
(16)
0
(15)
(15)
(15)
0
0
0
0
(24)
(31)
(32)
(83)
(92)
(86)
(85)
(34)
(4)
(12)
(15)
(26)
(27)
(22)
(19)
(12)
(8)
(4)
(4)
(1)
0
(63)
(76)
(78)
(81)
(23)
(206)
(205)
0
(199)
(7)
(6)
0
(5)
(2)
(1)
(31)
(32)
(31)
(34)
(4)
(3)
(3)
Cash from Financing Activities
1 445
N/A
449
-69%
1 142
+154%
774
-32%
1 194
+54%
1 491
+25%
1 340
-10%
1 240
-7%
625
-50%
255
-59%
(116)
N/A
(137)
-18%
(45)
+67%
345
N/A
(55)
N/A
35
N/A
40
+14%
(24)
N/A
7
N/A
(162)
N/A
(169)
-4%
(509)
-201%
(428)
+16%
(187)
+56%
(192)
-3%
(187)
+3%
(331)
-77%
(420)
-27%
(397)
+5%
91
N/A
326
+258%
525
+61%
888
+69%
497
-44%
502
+1%
530
+6%
106
-80%
213
+101%
56
-74%
231
+313%
886
+284%
640
-28%
137
-79%
2
-99%
(374)
N/A
(466)
-25%
(169)
+64%
(19)
+89%
(151)
-695%
(298)
-97%
(576)
-93%
(1 212)
-110%
(1 594)
-32%
(1 610)
-1%
(1 449)
+10%
(760)
+48%
3 710
N/A
3 743
+1%
4 702
+26%
4 110
-13%
759
-82%
4 702
+519%
4 011
-15%
4 024
+0%
3 139
-22%
(1 006)
N/A
(1 612)
-60%
(1 712)
-6%
(2 500)
-46%
(2 775)
-11%
(2 368)
+15%
(3 781)
-60%
(3 081)
+19%
(2 489)
+19%
(2 872)
-15%
(1 728)
+40%
(2 640)
-53%
(2 780)
-5%
Change in Cash
Effect of Foreign Exchange Rates
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(13)
0
(18)
0
18
(8)
(8)
(4)
(17)
0
3
(30)
(23)
(11)
(6)
23
27
18
11
17
(8)
56
39
(4)
(48)
(129)
(127)
(37)
11
40
66
13
20
10
2
8
(1)
3
5
(9)
6
16
1
7
Net Change in Cash
492
N/A
633
+29%
413
-35%
(82)
N/A
(328)
-300%
(338)
-3%
(920)
-172%
(395)
+57%
(152)
+62%
(295)
-94%
(28)
+91%
(181)
-546%
(231)
-28%
545
N/A
616
+13%
485
-21%
617
+27%
469
-24%
(25)
N/A
17
N/A
(137)
N/A
(537)
-292%
(242)
+55%
(321)
-33%
(90)
+72%
(123)
-37%
(23)
+81%
139
N/A
(17)
N/A
32
N/A
(4)
N/A
26
N/A
71
+173%
85
+20%
(89)
N/A
173
N/A
216
+25%
26
-88%
(89)
N/A
(132)
-48%
(200)
-52%
107
N/A
215
+101%
362
+68%
417
+15%
129
-69%
(145)
N/A
(73)
+50%
(443)
-507%
(294)
+34%
(12)
+96%
385
N/A
735
+91%
1 124
+53%
1 460
+30%
1 006
-31%
3 498
+248%
1 814
-48%
1 568
-14%
690
-56%
(2 379)
N/A
1 416
N/A
590
-58%
(100)
N/A
69
N/A
(2 727)
N/A
(1 722)
+37%
(255)
+85%
(20)
+92%
(186)
-830%
124
N/A
(374)
N/A
95
N/A
933
+882%
(299)
N/A
645
N/A
315
-51%
497
+58%
Free Cash Flow
Free Cash Flow
(479)
N/A
(598)
-25%
(495)
+17%
(698)
-41%
(1 247)
-79%
(1 624)
-30%
(2 177)
-34%
(2 197)
-1%
(1 610)
+27%
(1 449)
+10%
(985)
+32%
(751)
+24%
(880)
-17%
(775)
+12%
(399)
+49%
(245)
+39%
192
N/A
572
+198%
746
+30%
721
-3%
665
-8%
557
-16%
356
-36%
306
-14%
298
-3%
141
-53%
199
+41%
206
+4%
120
-42%
24
-80%
(231)
N/A
(344)
-49%
(527)
-53%
(470)
+11%
(547)
-16%
(198)
+64%
142
N/A
239
+68%
210
-12%
(315)
N/A
(1 413)
-349%
(1 003)
+29%
(500)
+50%
(257)
+49%
471
N/A
480
+2%
316
-34%
533
+69%
723
+36%
703
-3%
1 034
+47%
2 907
+181%
3 320
+14%
3 549
+7%
3 687
+4%
1 103
-70%
(897)
N/A
(1 998)
-123%
(3 555)
-78%
(4 330)
-22%
(4 510)
-4%
(3 836)
+15%
(2 636)
+31%
(1 377)
+48%
694
N/A
545
-21%
796
+46%
1 692
+113%
2 229
+32%
2 407
+8%
2 756
+14%
2 825
+3%
2 311
-18%
2 458
+6%
1 294
-47%
1 069
-17%
801
-25%
730
-9%

See Also

Summary
ADH2 intrinsic value, competitors valuation, and company profile.
DCF Valuation
ADH2 stock valuation using Discount Cash Flow valuation method.
Relative Valuation
ADH2 stock valuation using valuation multiples.
Wall Street Estimates
ADH2 price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
ADH2 stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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