SEDAR Interim Financial Statements

[
  {
    "companyName": "George Weston Limited",
    "reportingPeriodEnd": "2025-10-04",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "currentAssets": {
        "cashAndCashEquivalents": 1545,
        "shortTermInvestments": 899,
        "accountsReceivable": 1434,
        "creditCardReceivables": 4012,
        "inventories": 6752,
        "prepaidExpensesAndOtherAssets": 870,
        "assetsHeldForSale": 67,
        "totalCurrentAssets": 15579
      },
      "fixedAssets": 13075,
      "rightOfUseAssets": 5252,
      "investmentProperties": 5632,
      "equityAccountedJointVentures": 891,
      "intangibleAssets": 5259,
      "goodwill": 4931,
      "deferredIncomeTaxes": 131,
      "securityDeposits": 39,
      "otherAssets": 1266,
      "totalAssets": 52055,
      "currentLiabilities": {
        "bankIndebtedness": 0,
        "tradePayablesAndOtherLiabilities": 7201,
        "loyaltyLiability": 224,
        "provisions": 99,
        "incomeTaxesPayable": 76,
        "demandDepositsFromCustomers": 847,
        "shortTermDebt": 550,
        "longTermDebtDueWithinOneYear": 641,
        "leaseLiabilitiesDueWithinOneYear": 1004,
        "associateInterest": 360,
        "totalCurrentLiabilities": 11002
      },
      "provisions": 102,
      "longTermDebt": 15585,
      "leaseLiabilities": 5284,
      "trustUnitLiability": 4133,
      "deferredIncomeTaxes": 1743,
      "otherLiabilities": 1198,
      "totalLiabilities": 39047,
      "equity": {
        "shareCapital": 3270,
        "retainedEarnings": 5306,
        "contributedSurplus": -3124,
        "accumulatedOtherComprehensiveIncome": 245,
        "totalEquityAttributableToShareholders": 5697,
        "nonControllingInterests": 7311,
        "totalEquity": 13008
      },
      "cashPerShare": 4.0303,
      "workingCapitalPerShare": 11.9384
    },
    "incomeStatement": {
      "revenue": 19548,
      "operatingExpenses": {
        "costOfInventoriesSold": 13193,
        "sellingGeneralAndAdministrativeExpenses": 4717
      },
      "operatingIncome": 1638,
      "netInterestExpenseAndOtherFinancingCharges": 418,
      "earningsBeforeIncomeTaxes": 1220,
      "incomeTaxes": 338,
      "netEarnings": 882,
      "attributableToShareholders": 491,
      "attributableToNonControllingInterests": 391,
      "basicEarningsPerShare": 1.24,
      "dilutedEarningsPerShare": 1.23
    },
    "cashFlowStatement": {
      "operatingActivities": {
        "netEarnings": 882,
        "adjustments": {
          "netInterestExpenseAndOtherFinancingCharges": 418,
          "incomeTaxes": 338,
          "depreciationAndAmortization": 692,
          "assetImpairmentsNetOfRecoveries": 6,
          "adjustmentToFairValueOfInvestmentProperties": 21,
          "adjustmentToFairValueOfInvestmentInRealEstateSecurities": -42,
          "changeInAllowanceForCreditCardReceivables": -4,
          "changeInProvisions": 0,
          "changeInNonCashWorkingCapital": -89,
          "changeInGrossCreditCardReceivables": -33,
          "incomeTaxesPaid": -336,
          "interestReceived": 14,
          "other": -17
        },
        "cashFlowsFromOperatingActivities": 1850
      },
      "investingActivities": {
        "fixedAssetAndInvestmentPropertiesPurchases": -621,
        "intangibleAssetAdditions": -114,
        "disposalPurchaseOfShortTermInvestments": 55,
        "proceedsFromDisposalOfAssets": 12,
        "leasePaymentsReceivedFromFinanceLeases": 1,
        "advancesRepaymentsOfMortgagesLoansAndNotesReceivable": -5,
        "disposalOfLongTermSecurities": 20,
        "decreaseIncreaseInSecurityDeposits": 299,
        "other": -28,
        "cashFlowsUsedInInvestingActivities": -381
      },
      "financingActivities": {
        "decreaseIncreaseInBankIndebtedness": -59,
        "increaseDecreaseInShortTermDebt": 50,
        "increaseInDemandDepositsFromCustomers": 174,
        "longTermDebtIssued": 938,
        "longTermDebtRepayments": -675,
        "interestPaid": -297,
        "cashRentPaidOnLeaseLiabilitiesInterest": -82,
        "cashRentPaidOnLeaseLiabilitiesPrincipal": -239,
        "shareCapitalIssued": 0,
        "shareCapitalPurchasedAndHeldInTrusts": -7,
        "shareCapitalPurchasedAndCancelled": -231,
        "loblawCommonShareCapitalIssued": 4,
        "loblawCommonShareCapitalPurchasedAndHeldInTrusts": -69,
        "loblawCommonShareCapitalPurchasedAndCancelled": -192,
        "loblawPreferredShareCapitalPurchasedAndCancelled": 0,
        "taxPaidOnRepurchasesOfShareCapital": 2,
        "dividendsToCommonShareholders": -229,
        "dividendsToPreferredShareholders": -22,
        "dividendsToNonControllingInterests": -159,
        "other": -7,
        "cashFlowsUsedInFinancingActivities": -1100
      },
      "effectOfForeignCurrencyExchangeRateChangesOnCashAndCashEquivalents": 2,
      "increaseDecreaseInCashAndCashEquivalents": 371,
      "cashAndCashEquivalentsBeginningOfPeriod": 1174,
      "cashAndCashEquivalentsEndOfPeriod": 1545
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Short-Term Investments",
        "description": "Short-term investments",
        "ownershipPercentage": null,
        "value": 899,
        "notes": ""
      },
      {
        "type": "Equity Accounted Joint Ventures",
        "description": "Equity accounted joint ventures",
        "ownershipPercentage": null,
        "value": 891,
        "notes": ""
      },
      {
        "type": "Investment in Subsidiary",
        "description": "Loblaw Companies Limited",
        "ownershipPercentage": 52.6,
        "value": null,
        "notes": "Common shares and other instruments"
      },
      {
        "type": "Investment in Subsidiary",
        "description": "Choice Properties Real Estate Investment Trust",
        "ownershipPercentage": 61.7,
        "value": null,
        "notes": "Trust Units"
      },
      {
        "type": "Marketable Securities",
        "description": "Investments in real estate securities (Allied Properties REIT)",
        "ownershipPercentage": null,
        "value": 245,
        "notes": "Recorded at fair value through profit and loss"
      }
    ],
    "shareStructure": {
      "authorizedShares": null,
      "issuedShares": 382324705,
      "classesOfShares": ["Common", "Preferred Series I", "Preferred Series III", "Preferred Series IV", "Preferred Series V"],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {},
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Wittington",
          "description": "Disposition of retail property held within assets held for sale and equity accounted joint venture",
          "amount": 2,
          "period": "2025 first quarter"
        },
        {
          "counterparty": "Other Related Party",
          "description": "Repayment of mortgage receivable and interest",
          "amount": 114,
          "period": "2025 first quarter"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": null,
        "description": "Choice Properties disposed of the properties included in assets held for sale as at October 4, 2025.",
        "impactValue": null
      },
      {
        "eventDate": null,
        "description": "Choice Properties disposed of several retail properties included in fixed assets as at October 4, 2025 of $45 million.",
        "impactValue": 45
      },
      {
        "eventDate": null,
        "description": "Choice Properties disposed of its interest in a retail property located in Edmonton, Alberta, which was held in an equity accounted joint venture. The proceeds of the sale were distributed to Choice Properties in the amount of $23 million.",
        "impactValue": 23
      }
    ]
  }
]