← FirstService Corp
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $33.6m | $53.1m | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | $65.9m | ($251.6m) | $87.3m | $135.2m | $121.1m | $100.4m | $134.4m | $145.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $54.2m | $76.7m | $90.3m | ($227.6m) | $109.6m | $156.1m | $145.0m | $147.0m | $187.8m | $190.7m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $5.2m | $8.2m | — | — | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $37.0m | $42.0m | $52.8m | $79.6m | $98.4m | $99.0m | $110.1m | $127.9m | $165.3m | $185.2m | |
| Depreciation | $22.8m | $27.7m | $35.3m | $40.9m | $51.9m | $55.1m | $61.4m | $73.7m | $92.9m | $108.0m | |
| Amortization of Intangible Assets | $14.2m | $14.4m | $17.5m | $38.7m | $46.5m | $43.9m | $48.7m | $54.2m | $72.4m | $77.2m | |
| Deferred Income Tax Expense (Benefit) | $1.8m | ($6.6m) | $1.9m | ($7.2m) | ($17.2m) | ($2.1m) | $8.0m | ($17.4m) | ($12.8m) | $2.8m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | $251.5m | — | — | — | — | $25.3m | $27.4m | |
| Goodwill, Impairment Loss | $0 | $6.2m | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | $7.3m | $0 | $4.4m | $0 | — | |
| Income Tax Expense (Benefit) | $27.4m | $22.6m | $24.9m | $27.1m | $35.9m | $52.9m | $49.0m | $56.3m | $70.1m | $75.8m | |
| Operating Lease, Expense | — | — | — | $32.2m | $37.8m | $44.0m | $49.5m | $53.9m | $65.4m | $74.1m | |
| Other Nonoperating Income (Expense) | $232k | $1.5m | $254k | $6.0m | $361k | $23.4m | $146k | $5.8m | $3.2m | $2.1m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $21.1m | $15.0m | $37.1m | $17.4m | ($8.9m) | $86.9m | $69.7m | $93.8m | $42.3m | ($59.6m) | |
| Increase (Decrease) in Inventories | $4.5m | $821k | $5.8m | $7.1m | $44.2m | $15.5m | $71.5m | ($22.2m) | $19.4m | ($18.1m) | |
| Increase (Decrease) in Accounts Payable | ($72k) | $5.0m | ($3.2m) | $858k | $13.7m | ($10.4m) | $11.5m | ($17.1m) | $14.2m | ($32.4m) | |
| Payments of Financing Costs | — | — | $575k | $4.0m | — | — | — | — | — | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | $6.1m | — | $12.5m | $0 | — | — | — | |
| Goodwill | $266.2m | $291.9m | $335.2m | $644.8m | $703.7m | $843.4m | $886.1m | $1.2b | $1.4b | $1.5b | |
| Proceeds from Stock Options Exercised | $1.9m | $4.5m | $3.7m | $11.1m | $11.5m | $21.6m | $12.3m | $33.6m | $58.4m | $62.0m | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $1.9b | $2.4b | $2.8b | $3.2b | $3.7b | $4.3b | $5.2b | $5.5b | |
| Net Cash Provided by (Used in) Operating Activities | $109.0m | $115.6m | $99.5m | $107.8m | $291.8m | $167.3m | $105.9m | $280.4m | $285.7m | $445.9m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $29.1m | $36.3m | $40.6m | $46.6m | $39.4m | $58.2m | $77.6m | $92.7m | $112.8m | $127.7m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $90.9m | $39.6m | $59.4m | $579.9m | $98.6m | $163.2m | $52.0m | $547.2m | $212.2m | $107.2m | |
| Payments for (Proceeds from) Other Investing Activities | $1.2m | $3.8m | $6.2m | $1.5m | $4.3m | $675k | $31.2m | $13.8m | ($1.3m) | $10.3m | |
| Net Cash Provided by (Used in) Investing Activities | ($130.8m) | ($75.9m) | ($106.2m) | ($615.0m) | ($142.3m) | ($206.3m) | ($160.8m) | ($646.3m) | ($323.7m) | ($245.2m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Common Stock | — | — | — | $191.7m | $150.0m | $0 | — | — | — | — | |
| Payments for Repurchase of Common Stock | $9.5m | $17.1m | $9.0m | — | — | — | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $15.5m | $17.1m | $18.8m | $22.0m | $27.4m | $31.2m | $34.9m | $39.1m | $43.8m | $48.9m | |
| Proceeds from Noncontrolling Interests | $2.2m | $843k | $1.2m | $3.7m | — | $1.4m | $343k | $1.0m | $1.7m | $1.5m | |
| Net Cash Provided by (Used in) Financing Activities | $19.5m | ($26.3m) | $20.4m | $561.1m | ($75.2m) | $24.4m | $18.8m | $413.9m | $74.4m | ($263.3m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $162k | — | ($754k) | $462k | $340k | ($47k) | $1.2m | ($447k) | $429k | ($1.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $162k | $414k | $12.9m | $54.4m | $74.6m | ($14.7m) | ($34.9m) | $47.5m | $36.8m | ($63.6m) | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Income Taxes Paid, Net | $10.0m | $43.9m | $28.2m | $31.6m | $49.0m | $60.1m | $55.1m | $64.6m | $82.3m | $82.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.