Key MI Developments Inc. Financials
| Company Type | Public -(Toronto: MIM.A) Headquarters |
|---|---|
| Fiscal Year-End | December |
| 2010 Sales (mil.) | $358.4 |
| 2010 Employees | 49 |
MI Developments Inc. Stock Quote (NYSE: MIM)(Toronto: MIM.A)
| Latest 02/15/12 16:03:08 EST | Change ($) | Change (%) | High | Low |
|---|---|---|---|---|
| $36.64 |  -0.040 | -0.110 | $37.08 | $36.57 |
Quotes delayed 15 minutes for NASDAQ, 20 minues for NYSE and AMEX. Market Data provided by Interactive Data. Powered and Implemented by Interactive Data Managed Solutions. |
MI Developments Inc. Income Statement
| Dec 10 | Dec 09 | Dec 08 | |
| Revenue | 358.4 | 367.3 | 774.5 |
| Cost of Goods Sold | 191.6 | 137.4 | 555.9 |
| Gross Profit | 166.8 | 229.9 | 218.6 |
| Gross Profit Margin | 46.5% | 62.6% | 28.2% |
| SG&A Expense | 76.5 | 53.1 | 85.9 |
| Depreciation & Amortization | 50.4 | 48.3 | 88.4 |
| Operating Income | (40.3) | 6.2 | (126.9) |
| Operating Margin | -11.2% | 1.7% | -16.4% |
| Nonoperating Income | 21.7 | (54.3) | 29.7 |
| Nonoperating Expenses | 1.8 | 43.5 | -- |
| Income Before Taxes | (18.6) | (48.1) | (97.2) |
| Income Taxes | 33.4 | 1.7 | (18.7) |
| Net Income After Taxes | (52.0) | (49.8) | (78.5) |
| Continuing Operations | (52.0) | (49.8) | 18.7 |
| Discontinued Operations | 0.0 | 1.2 | (21.9) |
| Total Operations | (52.0) | (42.3) | (3.2) |
| Total Net Income | (52.0) | (42.3) | (3.2) |
| Net Profit Margin | -14.5% | -11.5% | -0.4% |
| Diluted EPS from Total Net Income | (1.11) | (0.91) | (0.07) |
| Dividends per Share | 0.50 | 0.60 | 0.60 |
All amounts in millions of US Dollars except per share amounts.
MI Developments Inc. Balance Sheet
| Assets | Dec 10 | Dec 09 | Dec 08 |
| Current Assets | |||
| Cash | 85.4 | 135.2 | 145.8 |
| Net Receivables | 44.2 | 3.5 | 36.2 |
| Inventories | 4.8 | -- | -- |
| Other Current Assets | 21.4 | 1.5 | 65.9 |
| Total Current Assets | 155.7 | 140.1 | 247.9 |
| Net Fixed Assets | 1,680.2 | 1,390.1 | 2,146.1 |
| Other Noncurrent Assets | 108.4 | 387.9 | 186.6 |
| Total Assets | 1,944.3 | 1,918.2 | 2,580.5 |
| Liabilities | Dec 10 | Dec 09 | Dec 08 |
| Current Liabilities | |||
| Accounts Payable | -- | -- | -- |
| Short-Term Debt | 15.3 | 0.2 | 218.0 |
| Other Current Liabilities | 101.4 | 37.6 | 183.8 |
| Total Current Liabilities | 116.7 | 37.8 | 401.7 |
| Long-Term Debt | 264.3 | 253.0 | 380.0 |
| Other Noncurrent Liabilities | 70.9 | 37.8 | 182.9 |
| Total Liabilities | 451.9 | 328.6 | 964.6 |
| Shareholder's Equity | |||
| Preferred Stock Equity | -- | -- | -- |
| Common Stock Equity | 1,492.4 | 1,589.5 | 1,615.9 |
| Total Equity | 1,492.4 | 1,589.5 | 1,615.9 |
| Shares Outstanding (thou.) | 46,708.0 | 46,708.0 | 46,708.0 |
All amounts in millions of US Dollars except per share amounts.
MI Developments Inc. Cash Flow Statement
| Dec 10 | Dec 09 | Dec 08 | |
| Net Operating Cash Flow | 89 | 105 | 86 |
| Net Investing Cash Flow | (10.9) | (96.7) | (36.2) |
| Net Financing Cash Flow | (126.6) | (33.2) | (31.9) |
| Net Change in Cash | (49.8) | (19.7) | 1.0 |
| Depreciation & Amortization | 50.4 | 48.3 | 88.4 |
| Capital Expenditures | (15.3) | (22.0) | (67.6) |
| Cash Dividends Paid | (23.4) | (28.0) | (28.0) |
All amounts in millions of US Dollars except per share amounts.