← CAE INC
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Net income | — | $354.7m | $340.1m | $318.9m | ($47.5m) | $150.0m | $231.9m | ($296.3m) | $415.0m | $322.7m | |
| Net Income From Continuing Operations | — | — | — | — | — | — | $231.9m | ($296.3m) | $415.0m | $322.7m | |
| Depreciation and amortization | — | — | $217.2m | $305.4m | $319.5m | $310.5m | $342.2m | $374.8m | $414.7m | $460.1m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $342.2m | $374.8m | $414.7m | $460.1m | |
| Deferred income taxes | $26.4m | ($35.7m) | ($23.1m) | $2.9m | ($33.3m) | ($32.4m) | $10.4m | ($166.5m) | $44.9m | $21.9m | |
| Deferred Income Tax | — | — | — | — | — | — | $5.0m | ($181.3m) | $34.8m | $14.2m | |
| Deferred Tax | — | — | — | — | — | — | $5.0m | ($181.3m) | $34.8m | $14.2m | |
| Adjustments For Share-Based Payments | — | $23.1m | $9.3m | $14.5m | $9.6m | $6.4m | ($10.3m) | $14.8m | $25.2m | — | |
| Impairment of non-financial assets – net | — | — | — | — | — | $41.8m | ($2.4m) | $57.3m | $7.1m | $58.8m | |
| Equity-settled share-based payments expense | $29.2m | $23.1m | $9.3m | $14.5m | $9.6m | $6.4m | ($10.3m) | $14.8m | $25.2m | $36.7m | |
| Asset Impairment Charge | — | — | — | — | — | — | ($2.4m) | $625.3m | $7.1m | $58.8m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($53.2m) | ($72.2m) | ($88.3m) | ($82.7m) | |
| Changes in non-cash working capital | $29.1m | ($43.1m) | $35.2m | ($52.2m) | ($49.5m) | $22.5m | ($114.5m) | $128.1m | $197.1m | ($37.7m) | |
| Additional Financial Items | |||||||||||
| Adjustments For Current Tax Of Prior Period | — | $11.0m | $12.8m | $5.8m | ($15.0m) | $3.1m | $800k | $68.2m | ($2.7m) | — | |
| Adjustments For Decrease Increase In Trade Account Receivable | — | $300k | ($1.3m) | ($39.9m) | $32.6m | $34.2m | $4.1m | ($10.7m) | $76.4m | — | |
| Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates | — | $14.3m | $0 | — | — | — | — | — | — | — | |
| Goodwill | — | — | — | — | — | — | $2.7b | $2.0b | $2.4b | — | |
| Increase Decrease In Working Capital | — | $43.1m | ($35.2m) | $52.2m | $49.5m | ($22.5m) | $114.5m | ($128.1m) | ($197.1m) | — | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | — | — | — | $200.8m | $89.5m | $83.4m | $69.5m | $59.9m | — | |
| Payments To Acquire Or Redeem Entitys Shares | — | — | — | — | — | — | — | — | $21.3m | — | |
| Proceeds From Borrowings Classified As Financing Activities | — | $106.0m | — | — | — | — | — | — | — | — | |
| Proceeds From Issuing Shares | — | $15.7m | $18.3m | $26.6m | $820.8m | $696.1m | $16.3m | $7.8m | $67.1m | — | |
| Purchase Of Intangible Assets Classified As Investing Activities | — | $32.5m | $86.6m | $100.6m | $56.0m | $90.6m | $126.4m | $147.9m | $87.9m | — | |
| Repayments Of Borrowings Classified As Financing Activities | — | $106.0m | — | — | — | — | — | — | — | — | |
| Share of after-tax profit of equity accounted investees | ($51.7m) | ($42.4m) | ($33.4m) | ($27.5m) | ($2.7m) | ($48.5m) | ($53.2m) | ($72.2m) | ($88.3m) | ($82.7m) | |
| Investment tax credits | ($18.2m) | ($6.8m) | $8.2m | $9.0m | ($36.9m) | ($27.5m) | ($5.4m) | ($14.8m) | ($10.1m) | ($7.7m) | |
| Defined benefit pension plans | $9.4m | $7.6m | $14.8m | $15.1m | $12.0m | $13.7m | $4.8m | $8.3m | $34.6m | $18.1m | |
| Derivative financial assets and liabilities – net | $14.5m | $7.3m | ($5.8m) | $15.3m | ($26.7m) | $11.3m | ($2.5m) | ($12.7m) | ($39.8m) | $13.8m | |
| Gain on remeasurement of previously held equity interest | — | — | — | — | — | — | — | $0 | ($72.6m) | $0 | |
| Other | $700k | ($2.9m) | $5.7m | ($1.4m) | ($700k) | ($2.0m) | ($200k) | $0 | ($900k) | ($1.5m) | |
| Intangible assets expenditures | $37.8m | $32.5m | ($86.6m) | ($100.6m) | ($56.0m) | ($90.6m) | ($126.4m) | ($147.9m) | ($87.9m) | ($73.7m) | |
| Net payments to equity accounted investees | ($10.6m) | ($11.5m) | ($37.7m) | ($9.9m) | $700k | ($19.4m) | ($10.9m) | ($43.9m) | ($19.0m) | ($31.6m) | |
| Net repayment of borrowing under revolving credit facilities | — | — | — | — | — | — | $44.5m | ($396.7m) | ($45.0m) | $0 | |
| Repayment of lease liabilities | — | — | ($22.0m) | ($79.8m) | ($200.8m) | ($89.5m) | ($83.4m) | ($69.5m) | ($59.9m) | ($61.1m) | |
| Net proceeds from the issuance of common shares | $12.7m | $15.7m | $18.3m | $26.6m | $820.8m | $696.1m | $16.3m | $7.8m | $67.1m | $46.3m | |
| Repurchase and cancellation of common shares | — | — | ($94.4m) | ($49.6m) | $0 | — | — | $0 | ($21.3m) | ($7.0m) | |
| Beginning Cash Position | — | — | — | — | — | — | $346.1m | $217.6m | $160.1m | $293.7m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($152.6m) | ($395.3m) | ($49.8m) | ($212.7m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($400.7m) | ($490.7m) | ($732.3m) | ($319.3m) | |
| Cash From Discontinued Investing Activities | — | — | — | — | — | — | $0 | $275.3m | $0 | — | |
| Change In Inventory | — | — | — | — | — | — | ($65.6m) | ($76.3m) | ($11.0m) | $135.8m | |
| Change In Other Working Capital | — | — | — | — | — | — | $1.5m | $62.3m | $10.7m | $91.5m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $21.8m | $11.0m | $54.1m | ($258.1m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($9.7m) | ($11.2m) | ($10.2m) | ($7.4m) | |
| Change In Receivables | — | — | — | — | — | — | ($62.5m) | $142.3m | $153.5m | $500k | |
| Change In Working Capital | — | — | — | — | — | — | ($114.5m) | $128.1m | $197.1m | ($37.7m) | |
| Changes In Account Receivables | — | — | — | — | — | — | $4.1m | ($10.7m) | $76.4m | ($4.0m) | |
| Changes In Cash | — | — | — | — | — | — | ($144.9m) | ($43.8m) | $114.4m | $259.9m | |
| End Cash Position | — | — | — | — | — | — | $217.6m | $160.1m | $293.7m | $552.4m | |
| Financing Cash Flow | — | — | — | — | — | — | ($152.6m) | ($395.3m) | ($49.8m) | ($212.7m) | |
| Free Cash Flow | — | — | — | — | — | — | ($16.9m) | $89.2m | $452.4m | $430.4m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($3.7m) | ($12.7m) | ($39.8m) | $13.8m | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | — | $0 | ($72.6m) | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | ($400.7m) | ($215.4m) | ($732.3m) | ($319.3m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $16.3m | $7.8m | $67.1m | $46.3m | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($17.3m) | ($43.9m) | ($327.0m) | ($31.6m) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | ($90.6m) | ($126.4m) | ($147.9m) | — | — | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($293.2m) | $4.0m | $19.4m | $5.4m | |
| Operating Gains Losses | — | — | — | — | — | — | ($52.1m) | ($76.6m) | ($166.1m) | ($50.8m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($7.8m) | ($21.9m) | ($31.3m) | ($12.1m) | |
| Pension And Employee Benefit Expense | — | — | — | — | — | — | $4.8m | $8.3m | $34.6m | $18.1m | |
| Purchase Of Business | — | — | — | — | — | — | ($17.3m) | ($43.9m) | ($327.0m) | ($31.6m) | |
| Purchase Of Intangibles | — | — | — | — | — | ($90.6m) | ($126.4m) | ($147.9m) | — | — | |
| Purchase Of PPE | — | $173.9m | $251.8m | $283.4m | $107.6m | ($272.2m) | ($298.9m) | ($329.8m) | $356.2m | — | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | — | $0 | ($21.3m) | ($7.0m) | |
| Sale Of PPE | — | — | — | — | — | — | $5.7m | $4.0m | $19.4m | $5.4m | |
| Stock Based Compensation | — | — | — | — | — | — | $6.1m | $14.8m | $25.2m | $36.7m | |
| Profit or Loss | — | $355.7m | $340.1m | $318.9m | ($47.5m) | $150.0m | $231.9m | ($296.3m) | $415.0m | — | |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | $6.6m | $27.0m | $2.7m | $500k | $4.5m | $8.4m | $5.7m | $4.0m | $19.4m | $5.4m | |
| Capital Expenditure | — | — | — | — | — | — | ($425.3m) | ($477.7m) | ($444.1m) | ($361.5m) | |
| Capital Expenditure Reported | — | — | — | — | — | — | — | ($477.7m) | ($444.1m) | ($361.5m) | |
| Business combinations, net of cash acquired | ($5.5m) | ($124.4m) | ($827.8m) | ($10.1m) | ($186.5m) | ($1.9b) | ($6.4m) | $0 | ($308.0m) | $0 | |
| Net Other Investing Changes | — | — | — | — | — | — | ($4.7m) | ($10.2m) | ($9.3m) | ($11.2m) | |
| Net cash used in investing activities | $259.2m | $169.0m | ($1.4b) | ($495.9m) | ($343.4m) | ($2.2b) | ($400.7m) | ($215.4m) | ($732.3m) | ($319.3m) | |
| Proceeds from long-term debt | $50.9m | $37.8m | $955.3m | $167.6m | $151.1m | $429.1m | $31.2m | $433.5m | $331.5m | $89.5m | |
| Issuance Of Debt | — | — | — | — | — | — | $75.7m | $433.5m | $331.5m | $89.5m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $75.7m | $433.5m | $331.5m | $89.5m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($168.7m) | ($403.1m) | ($94.7m) | ($250.5m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($168.7m) | ($403.1m) | ($94.7m) | ($250.5m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | $344.6m | $44.5m | — | — | — | |
| Short Term Debt Issuance | — | — | — | — | — | $344.6m | $44.5m | — | — | — | |
| Repayment of long-term debt | ($98.8m) | ($33.4m) | ($72.7m) | ($233.0m) | ($86.1m) | ($132.1m) | ($161.0m) | ($370.4m) | ($321.3m) | ($278.9m) | |
| Long Term Debt Payments | — | — | — | — | — | — | ($244.4m) | ($836.6m) | ($426.2m) | ($340.0m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($244.4m) | ($836.6m) | ($426.2m) | ($340.0m) | |
| Common Stock Issuance | — | — | — | — | — | — | $16.3m | $7.8m | $67.1m | $46.3m | |
| Net Common Stock Issuance | — | — | — | — | — | — | $16.3m | $7.8m | $45.8m | $39.3m | |
| Common Stock Payments | — | — | — | — | — | — | — | $0 | ($21.3m) | ($7.0m) | |
| Dividends Paid Classified As Financing Activities | — | $89.9m | $99.9m | $110.9m | $0 | — | — | — | — | — | |
| Dividends received from equity accounted investees | $16 | $38 | $22 | $23 | $12 | $27 | $41 | $37 | $29 | $80 | |
| Dividends Received CFI | — | — | — | — | — | — | $40.9m | $37.1m | $28.7m | $79.6m | |
| Net Other Financing Charges | — | — | — | — | — | $7.4m | ($200k) | — | ($900k) | ($1.5m) | |
| Net cash used in financing activities | ($181.1m) | ($142.5m) | $690.3m | $443.4m | ($21.3m) | $1.3b | ($152.6m) | ($395.3m) | ($49.8m) | ($212.7m) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | $16.4m | ($13.7m) | $19.2m | ($1.2m) | |
| Net increase in cash and cash equivalents | $19.1m | $106.8m | ($165.4m) | $500.4m | ($20.4m) | ($580.0m) | ($128.5m) | ($57.5m) | $133.6m | $258.7m | |
| Effect of foreign currency exchange differences on cash and cash equivalents | ($4.9m) | $15.0m | ($6.9m) | $7.8m | ($22.3m) | ($16.7m) | $16.4m | ($13.7m) | $19.2m | ($1.2m) | |
| Cash and cash equivalents, beginning of year | $504.7m | $611.5m | $446.1m | $946.5m | $926.1m | $346.1m | $217.6m | $160.1m | $293.7m | $552.4m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($128.5m) | ($57.5m) | $133.6m | $258.7m | |
| Income Tax Paid Supplemental Data | — | — | — | — | — | — | $34.7m | $69.7m | $101.4m | $49.9m | |
| Interest Paid Supplemental Data | — | — | — | — | — | — | $174.7m | $189.7m | $201.7m | $188.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.