← CGI INC
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Net earnings | $1.0b | $1.1b | $1.3b | $1.1b | $1.4b | $1.5b | $1.6b | $1.7b | $1.7b | |
| Net Income | — | — | — | — | — | $1.5b | $1.6b | $1.7b | $1.7b | |
| Net Income From Continuing Operations | — | — | — | — | — | $1.5b | $1.6b | $1.7b | $1.7b | |
| Adjustments For Depreciation And Amortisation Expense And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | — | — | — | $565.7m | $510.6m | $474.6m | $519.6m | $536.9m | — | |
| Amortization, depreciation and impairment | — | — | $392.3m | $565.7m | $510.6m | $474.6m | $519.6m | $536.9m | $614.3m | |
| Amortization Cash Flow | — | — | — | — | — | $474.6m | $164.0m | $185.7m | $231.6m | |
| Amortization Of Intangibles | — | — | — | — | — | $474.6m | $164.0m | $185.7m | $231.6m | |
| Depreciation | — | — | — | — | — | — | $286.4m | $261.4m | $272.5m | |
| Depreciation Amortization Depletion | — | — | — | — | — | $474.6m | $450.4m | $447.2m | $504.1m | |
| Adjustments For Deferred Tax Of Prior Periods | — | $0 | — | $10.8m | ($19.3m) | ($7.9m) | $9.8m | ($27.2m) | — | |
| Deferred income tax expense (recovery) | $60.9m | ($41.2m) | ($8.3m) | $6.2m | ($25.9m) | ($7.5m) | ($109.5m) | ($146.1m) | $626k | |
| Deferred Income Tax | $60.9m | ($41.2m) | ($8.3m) | $6.2m | ($25.9m) | ($7.5m) | ($109.5m) | ($146.1m) | $626k | |
| Deferred Tax | — | — | — | — | — | ($7.5m) | ($109.5m) | ($146.1m) | $626k | |
| Adjustments For Share-Based Payments | — | $38.5m | $39.4m | $37.4m | $45.6m | $49.0m | $58.2m | $67.8m | — | |
| Share-based payment costs | $34.4m | $38.5m | $39.4m | $37.4m | $45.6m | $49.0m | $58.2m | $67.8m | $68.6m | |
| Asset Impairment Charge | — | — | — | — | — | — | $12.2m | $28.6m | $31.4m | |
| Proceeds From Sales Of Investments Other Than Investments Accounted For Using Equity Method | — | $9.6m | $7.8m | $12.1m | $8.6m | $51.0m | $50.5m | $55.2m | — | |
| Additional Financial Items | ||||||||||
| Adjustments For Current Tax Of Prior Period | — | ($8.4m) | ($17.9m) | ($24.3m) | $19.0m | $1.7m | ($21.2m) | $13.0m | — | |
| Adjustments For Decrease Increase In Trade Account Receivable | — | — | — | — | — | — | — | ($12k) | — | |
| Adjustments For Unrealised Foreign Exchange Losses Gains | — | $349k | $3.5m | ($8.0m) | $4.0m | ($254k) | ($766k) | ($11.0m) | — | |
| Goodwill | — | $7.3b | $7.8b | $8.4b | $8.1b | $8.5b | $8.7b | $9.5b | — | |
| Increase Decrease In Working Capital | — | $38.2m | $56.3m | ($218.2m) | ($214.9m) | $110.9m | ($16.5m) | ($65.0m) | — | |
| Interest Received Classified As Operating Activities | — | $1.5m | $3.1m | $5.1m | $15.9m | $28.2m | $87.2m | $87.2m | — | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | — | — | $175.3m | $169.7m | $154.0m | $161.2m | $146.8m | — | |
| Payments To Acquire Or Redeem Entitys Shares | — | $24.8m | $30.7m | $55.3m | $31.4m | $70.3m | $74.5m | $66.8m | — | |
| Proceeds From Borrowings Classified As Financing Activities | — | $20.1m | $686.8m | $1.8b | $1.9b | $0 | $948k | $747.1m | — | |
| Proceeds From Issuing Shares | — | $77.2m | $63.6m | $57.3m | $61.1m | $41.7m | $88.3m | $76.5m | — | |
| Purchase Of Intangible Assets Classified As Investing Activities | — | $95.5m | $106.0m | $114.1m | $113.9m | $137.6m | $147.2m | $153.9m | — | |
| Repayments Of Borrowings Classified As Financing Activities | — | $121.8m | $355.4m | $106.5m | $1.9b | $401.7m | $79.2m | $1.2b | — | |
| Net foreign exchange loss (gain) | ($3.1m) | $349k | $3.5m | ($8.0m) | $4.0m | ($254k) | ($766k) | ($11.0m) | $12.1m | |
| Net change in non-cash working capital items and others | ($146.1m) | ($38.2m) | ($56.3m) | $218.2m | $214.9m | ($110.9m) | $16.5m | $65.0m | ($119.0m) | |
| Net change in short-term investments | — | $0 | ($9.9m) | $8.4m | $446k | ($4.9m) | ($81.1m) | $59.1m | $24.8m | |
| Settlement of acquisition-related liabilities | — | — | — | — | — | — | — | $0 | ($12.1m) | |
| Loan receivable | — | — | — | — | — | $0 | ($15.8m) | $7.5m | $9.9m | |
| Additions to contract costs | ($95.7m) | ($87.4m) | ($60.2m) | ($72.8m) | ($65.0m) | ($84.3m) | ($102.1m) | ($97.1m) | ($98.5m) | |
| Additions to intangible assets | ($106.3m) | ($95.5m) | ($106.0m) | ($114.1m) | ($113.9m) | ($137.6m) | ($147.2m) | ($153.9m) | ($153.3m) | |
| Cash used in investing activities | ($592.3m) | ($577.4m) | ($950.8m) | ($572.5m) | ($397.5m) | ($911.9m) | ($561.9m) | ($775.4m) | ($2.2b) | |
| Increase of long-term debt | $18.9m | $20.1m | $686.8m | $1.8b | $1.9b | $0 | $948k | $747.1m | $923.9m | |
| Settlement of derivative financial instruments | $0 | ($2.4m) | ($554k) | ($3.9m) | ($7.0m) | $6.3m | $2.9m | $38.9m | $0 | |
| Payment of lease liabilities | — | — | $0 | ($175.3m) | ($169.7m) | ($154.0m) | ($161.2m) | ($146.8m) | ($177.5m) | |
| Purchase for cancellation of Class A subordinate voting shares and related tax | ($1.2b) | ($794.1m) | ($1.1b) | ($1.0b) | ($1.5b) | ($913.4m) | ($788.0m) | ($934.8m) | ($1.3b) | |
| Issuance of Class A subordinate voting shares | $49.7m | $77.2m | $63.6m | $57.3m | $61.1m | $41.7m | $88.3m | $76.5m | $62.0m | |
| Purchase of Class A subordinate voting shares held in trusts | $0 | ($24.8m) | ($30.7m) | ($55.3m) | ($31.4m) | ($70.3m) | ($74.5m) | ($66.8m) | ($13.3m) | |
| Withholding taxes remitted on the net settlement of performance share units | — | — | — | — | — | $0 | $13.9m | ($15.4m) | ($52.9m) | |
| Net change in clients' funds obligations | — | — | — | — | ($129.2m) | $13.3m | ($110.9m) | $10.6m | $468.6m | |
| Cash used in financing activities | ($1.2b) | ($879.0m) | ($629.1m) | $94.2m | ($1.7b) | ($1.6b) | ($1.2b) | ($1.6b) | ($246.7m) | |
| Cash included in funds held for clients | — | — | — | — | $456.5m | $504.7m | $269.8m | $233.6m | $704.5m | |
| Beginning Cash Position | — | — | — | — | — | $2.2b | $1.5b | $1.8b | $1.7b | |
| Cash Flow From Continuing Financing Activities | ($1.2b) | ($879.0m) | ($629.1m) | $94.2m | ($1.7b) | ($1.6b) | ($1.2b) | ($1.6b) | ($246.7m) | |
| Cash Flow From Continuing Investing Activities | ($592.3m) | ($577.4m) | ($950.8m) | ($572.5m) | ($397.5m) | ($911.9m) | ($561.9m) | ($775.4m) | ($2.2b) | |
| Change In Inventory | — | — | — | — | — | ($116.3m) | $76.6m | ($9.0m) | ($63.4m) | |
| Change In Other Current Assets | — | — | — | — | — | $8.8m | ($9.9m) | ($24.4m) | ($9.3m) | |
| Change In Other Current Liabilities | — | — | — | — | — | ($28.1m) | $18.2m | $34.2m | $7.9m | |
| Change In Other Working Capital | ($146.1m) | ($38.2m) | ($56.3m) | $218.2m | $214.9m | ($38.9m) | $89.4m | ($68.7m) | ($15.7m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | $108.2m | ($130.2m) | $22.2m | ($167.8m) | |
| Change In Prepaid Assets | — | — | — | — | — | ($10.9m) | $3.5m | $4.5m | $49.2m | |
| Change In Receivables | — | — | — | — | — | ($33.7m) | ($31.1m) | $106.4m | $80.1m | |
| Change In Working Capital | ($146.1m) | ($38.2m) | ($56.3m) | $218.2m | $214.9m | ($110.9m) | $16.5m | $65.0m | ($119.0m) | |
| Changes In Account Receivables | — | — | — | — | — | ($33.7m) | ($31.1m) | $106.4m | $80.1m | |
| Changes In Cash | — | — | — | — | — | ($638.0m) | $358.0m | ($178.1m) | ($213.1m) | |
| End Cash Position | — | — | — | — | — | $1.5b | $1.8b | $1.7b | $1.6b | |
| Financing Cash Flow | — | — | — | — | — | ($1.6b) | ($1.2b) | ($1.6b) | ($246.7m) | |
| Free Cash Flow | — | — | — | — | — | $1.6b | $1.8b | $1.9b | $2.0b | |
| Investing Cash Flow | — | — | — | — | — | ($911.9m) | ($561.9m) | ($775.4m) | ($2.2b) | |
| Issuance Of Capital Stock | — | — | — | — | — | $41.7m | $88.3m | $76.5m | $62.0m | |
| Net Business Purchase And Sale | — | — | — | — | — | ($571.9m) | ($13.0m) | ($380.3m) | ($1.8b) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | ($254k) | ($766k) | ($11.0m) | $12.1m | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | ($137.6m) | ($147.2m) | ($153.9m) | ($153.3m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($152.3m) | ($159.8m) | ($104.0m) | ($115.3m) | |
| Operating Gains Losses | — | — | — | — | — | ($254k) | ($766k) | ($11.3m) | $11.4m | |
| Other Non Cash Items | — | — | — | — | — | ($6.1m) | $53.9m | $61.0m | $78.7m | |
| Purchase Of Business | — | — | — | — | — | ($571.9m) | ($13.0m) | ($380.3m) | ($1.8b) | |
| Purchase Of Intangibles | — | — | — | — | — | ($137.6m) | ($147.2m) | ($153.9m) | ($153.3m) | |
| Purchase Of PPE | — | — | — | — | — | ($156.1m) | ($159.8m) | ($109.7m) | ($116.6m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($983.7m) | ($862.5m) | ($1.0b) | ($1.3b) | |
| Sale Of PPE | — | — | — | — | — | $3.8m | $0 | $5.7m | $1.3m | |
| Stock Based Compensation | — | — | — | — | — | $49.0m | $58.2m | $67.8m | $68.6m | |
| Profit or Loss | — | $1.1b | $1.3b | $1.1b | $1.4b | $1.5b | $1.6b | $1.7b | — | |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | $3.3m | $0 | — | — | $0 | $3.8m | $0 | $5.7m | $1.3m | |
| Purchase of property, plant and equipment | ($112.7m) | ($143.2m) | ($162.1m) | ($128.5m) | ($121.8m) | ($156.1m) | ($159.8m) | ($109.7m) | ($116.6m) | |
| Business acquisitions (net of cash acquired) | ($283.1m) | ($248.1m) | ($480.4m) | ($269.6m) | ($98.9m) | ($571.9m) | ($13.0m) | ($380.3m) | ($1.8b) | |
| Purchase of long-term investments | ($5.2m) | ($16.2m) | ($523k) | ($10.6m) | ($7.0m) | ($11.9m) | ($93.3m) | ($161.8m) | ($119.0m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | $34.2m | ($123.9m) | ($47.6m) | ($1.2m) | |
| Purchase Of Investment | — | — | — | — | — | ($16.8m) | ($174.4m) | ($161.8m) | ($119.0m) | |
| Proceeds from sale of long-term investments | $7.2m | $9.6m | $7.8m | $12.1m | $8.6m | $51.0m | $50.5m | $55.2m | $93.0m | |
| Sale Of Investment | — | — | — | — | — | $51.0m | $50.5m | $114.2m | $117.8m | |
| Net Other Investing Changes | — | — | — | — | — | ($84.3m) | ($117.9m) | ($89.6m) | ($88.6m) | |
| Issuance Of Debt | — | — | — | — | — | $0 | $948k | $747.1m | $923.9m | |
| Long Term Debt Issuance | — | — | — | — | — | $0 | $948k | $747.1m | $923.9m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | ($668.7m) | ($296.4m) | ($716.7m) | $698.5m | |
| Net Long Term Debt Issuance | — | — | — | — | — | ($668.7m) | ($296.4m) | ($716.7m) | $698.5m | |
| Repayment of long-term debt | ($199.8m) | ($121.8m) | ($355.4m) | ($106.5m) | ($1.9b) | ($401.7m) | ($79.2m) | ($1.2b) | $0 | |
| Repayment of debt assumed from business acquisitions | ($9.1m) | ($28.6m) | ($2.1m) | ($28.3m) | $0 | ($113.0m) | ($57.0m) | ($162.1m) | ($48.0m) | |
| Long Term Debt Payments | — | — | — | — | — | ($668.7m) | ($297.4m) | ($1.5b) | ($225.4m) | |
| Repayment Of Debt | — | — | — | — | — | ($668.7m) | ($297.4m) | ($1.5b) | ($225.4m) | |
| Common Stock Issuance | — | — | — | — | — | $41.7m | $88.3m | $76.5m | $62.0m | |
| Net Common Stock Issuance | — | — | — | — | — | ($942.0m) | ($774.2m) | ($925.1m) | ($1.2b) | |
| Common Stock Payments | — | — | — | — | — | ($983.7m) | ($862.5m) | ($1.0b) | ($1.3b) | |
| Cash dividends paid | — | — | — | — | — | — | — | $0 | ($135.1m) | |
| Net Other Financing Charges | — | — | — | — | — | $19.6m | ($121.8m) | $34.1m | $415.7m | |
| Effect of foreign exchange rate changes on cash, cash equivalents and cash included in funds held for clients | ($14.0m) | ($18.7m) | ($24.3m) | $33.9m | ($73.9m) | ($46.5m) | $8.9m | $34.7m | $87.0m | |
| Effect Of Exchange Rate Changes | ($14.0m) | ($18.7m) | ($24.3m) | $33.9m | ($73.9m) | ($46.5m) | $8.9m | $34.7m | $87.0m | |
| Net decrease in cash, cash equivalents and cash included in funds held for clients | — | — | — | — | ($129.0m) | ($684.5m) | $366.9m | ($143.4m) | ($126.0m) | |
| Cash, cash equivalents and cash included in funds held for clients, beginning of year | — | — | — | — | $2.2b | $1.5b | $1.8b | $1.7b | $1.6b | |
| Cash and cash equivalents | $165.9m | $184.1m | $213.8m | $1.7b | $1.7b | $966.5m | $1.6b | $1.5b | $864.2m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($684.5m) | $366.9m | ($143.4m) | ($126.0m) | |
| Interest Paid Classified As Operating Activities | — | $82.0m | $102.1m | $180.5m | $131.6m | $115.4m | $130.6m | $102.2m | $129.1m | |
| Income Taxes Paid Refund Classified As Operating Activities | — | $262.0m | $387.0m | $390.9m | $382.8m | $435.6m | $480.6m | $740.3m | $603.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.