|
(1) |
Management uses non-IFRS ROIC as a measure to assess the effectiveness of the invested capital we use to build products or provide services to our customers. Our non-IFRS ROIC measure includes non-IFRS operating earnings, working capital management and asset utilization. Non-IFRS ROIC is calculated by dividing non-IFRS adjusted EBIAT by average non-IFRS net invested capital. Net invested capital is a non-IFRS measure and consists of the following IFRS measures: total assets less cash, accounts payable, accrued and other current liabilities and provisions, and income taxes payable. We use a two-point average to calculate average non-IFRS net invested capital for the quarter and a five-point average to calculate average non-IFRS net invested capital for the year. There is no comparable measure under IFRS. |
GUIDANCE SUMMARY
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|
Q4 2014 Guidance |
|
Q4 2014 Actual |
|
Q1 2015 Guidance (1) |
|
IFRS revenue (in billions)................................................................... |
$1.375 to $1.475 |
|
$1.424 |
|
$1.275 to $1.375 |
|
Non-IFRS adjusted EPS (diluted)..................................................... |
$0.21 to $0.27 |
|
$0.23 |
|
$0.18 to $0.24 |
|
|
|
|
(1) |
We expect a negative $0.04 to $0.08 per share (pre-tax) aggregate impact on net earnings on an IFRS basis for employee stock-based compensation expense and amortization of intangible assets (excluding computer software). |
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CELESTICA INC.
CONDENSED CONSOLIDATED BALANCE SHEET
(in millions of U.S. dollars)
(unaudited)
|
|
December 31
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|
December 31
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Assets |
|
|
|
|
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Current assets: |
|
|
|
|
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Cash and cash equivalents (note 11)...................................................................................................... |
$ |
544.3 |
|
|
$ |
565.0 |
|
|
Accounts receivable (note 4).................................................................................................................. |
654.1 |
|
|
693.5 |
| ||
|
Inventories (note 5)................................................................................................................................ |
817.2 |
|
|
719.0 |
| ||
|
Income taxes receivable.......................................................................................................................... |
13.6 |
|
|
11.4 |
| ||
|
Assets classified as held-for-sale........................................................................................................... |
30.2 |
|
|
28.3 |
| ||
|
Other current assets............................................................................................................................... |
61.1 |
|
|
87.0 |
| ||
|
Total current assets..................................................................................................................................... |
2,120.5 |
|
|
2,104.2 |
| ||
|
|
|
|
|
|
| ||
|
Property, plant and equipment................................................................................................................... |
313.6 |
|
|
312.4 |
| ||
|
Goodwill (note 9(b))................................................................................................................................... |
60.3 |
|
|
19.5 |
| ||
|
Intangible assets.......................................................................................................................................... |
44.2 |
|
|
35.2 |
| ||
|
Deferred income taxes................................................................................................................................. |
45.3 |
|
|
37.3 |
| ||
|
Other non-current assets (notes 8 and 9(c))............................................................................................... |
55.0 |
|
|
75.0 |
| ||
|
Total assets................................................................................................................................................. |
$ |
2,638.9 |
|
|
$ |
2,583.6 |
|
|
|
|
|
|
|
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|
Liabilities and Equity |
|
|
|
|
| ||
|
Current liabilities: |
|
|
|
|
| ||
|
Accounts payable.................................................................................................................................. |
$ |
770.7 |
|
|
$ |
730.9 |
|
|
Accrued and other current liabilities...................................................................................................... |
274.5 |
|
|
259.6 |
| ||
|
Income taxes payable............................................................................................................................. |
30.6 |
|
|
14.5 |
| ||
|
Current portion of provisions................................................................................................................ |
33.4 |
|
|
49.3 |
| ||
|
Total current liabilities................................................................................................................................ |
1,109.2 |
|
|
1,054.3 |
| ||
|
|
|
|
|
|
| ||
|
Pension and non-pension post-employment benefit obligations (note 8).................................................. |
93.5 |
|
|
99.2 |
| ||
|
Provisions and other non-current liabilities................................................................................................ |
16.3 |
|
|
18.1 |
| ||
|
Deferred income taxes................................................................................................................................. |
17.9 |
|
|
17.1 |
| ||
|
Total liabilities............................................................................................................................................ |
1,236.9 |
|
|
1,188.7 |
| ||
|
|
|
|
|
|
| ||
|
Equity: |
|
|
|
|
| ||
|
Capital stock (note 7)............................................................................................................................ |
2,712.0 |
|
|
2,609.5 |
| ||
|
Treasury stock (note 7)......................................................................................................................... |
(12.0) |
|
|
(21.4) |
| ||
|
Contributed surplus............................................................................................................................... |
681.7 |
|
|
677.1 |
| ||
|
Deficit.................................................................................................................................................... |
(1,965.4) |
|
|
(1,845.3) |
| ||
|
Accumulated other comprehensive loss................................................................................................. |
(14.3) |
|
|
(25.0) |
| ||
|
Total equity................................................................................................................................................ |
1,402.0 |
|
|
1,394.9 |
| ||
|
Total liabilities and equity.......................................................................................................................... |
$ |
2,638.9 |
|
|
$ |
2,583.6 |
|
Contingencies (note 12)
