Cash flow IGM Financial Inc.

Equities

IGM

CA4495861060

Investment Management & Fund Operators

Market Closed - Toronto S.E. Other stock markets 04:15:28 2024-09-09 pm EDT			5-day change	1st Jan Change
38.90 ^CAD	+0.67%		-1.97%	+11.11%

Sep. 05	IGM Financial Declares 10% Rise In August 2024 Assets Under Management and Advisement Vs a Year Ago	MT
Sep. 03	TSX Closer: The Market Closes with a Sharp Drop as Commodities Weaken on China Data Ahead of Expected Rate Cut	MT

39.AWINK5lht8aBlFug-YljR2uEg7YMP2BQEGlQknfZzek.bT1cffgs4fXb2xPlm7FaaiP-zu5JeFQJWzoW50-1-ZlKNX50yTWGqevibw

Published financial data: IGM FINANCIAL INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	3.05B	3.07B	3.57B	3.43B	3.15B
Gain (Loss) on Sale of Investment, Total (Rev)	11K	37.04M	-181K	-	173M
Interest And Invest. Income (Rev)	249M	190M	134M	127M	180M
Other Revenues, Total	105M	150M	196M	211M	200M
Total Revenues	3.4B	3.45B	3.9B	3.77B	3.7B
Cost of Goods Sold, Total	2.13B	2.12B	2.38B	2.4B	2.27B
Gross Profit	1.28B	1.33B	1.52B	1.37B	1.43B
Selling General & Admin Expenses, Total	27.84M	28.61M	27.12M	25.95M	22.9M
Other Operating Expenses, Total	27.84M	28.61M	27.12M	25.95M	22.9M
Operating Income	1.25B	1.3B	1.49B	1.34B	1.41B
Interest Expense, Total	-280M	-259M	-225M	-217M	-266M
Net Interest Expenses	-280M	-259M	-225M	-217M	-266M
EBT, Excl. Unusual Items	969M	1.04B	1.27B	1.12B	1.14B
Restructuring Charges	-	-74.46M	-	-	-
EBT, Incl. Unusual Items	969M	965M	1.27B	1.12B	1.14B
Income Tax Expense	220M	201M	287M	250M	215M
Earnings From Continuing Operations	749M	765M	981M	873M	929M
Earnings Of Discontinued Operations	-	-	-	-	223M
Net Income to Company	749M	765M	981M	873M	1.15B
Minority Interest	-	-198K	-1.94M	-5.33M	-3.62M
Net Income - (IS)	749M	764M	979M	867M	1.15B
Preferred Dividend and Other Adjustments	2.21M	-	-	-	-
Net Income to Common Incl Extra Items	747M	764M	979M	867M	1.15B
Net Income to Common Excl. Extra Items	747M	764M	979M	867M	926M
Per Share Items
Net EPS - Basic	3.12	3.21	4.1	3.64	4.83
Basic EPS - Continuing Operations	3.12	3.21	4.1	3.64	3.89
Basic Weighted Average Shares Outstanding	239M	238M	239M	238M	238M
Net EPS - Diluted	3.12	3.21	4.08	3.63	4.82
Diluted EPS - Continuing Operations	3.12	3.21	4.08	3.63	3.88
Diluted Weighted Average Shares Outstanding	239M	238M	240M	239M	238M
Normalized Basic EPS	2.53	2.73	3.31	2.92	2.99
Normalized Diluted EPS	2.53	2.73	3.29	2.91	2.98
Dividend Per Share	2.25	2.25	2.25	2.25	2.25
Payout Ratio	72.56	70.14	54.86	61.94	46.61
Supplemental Items
EBITDA	1.28B	1.33B	1.53B	1.38B	1.45B
EBITA	1.26B	1.31B	1.51B	1.35B	1.43B
EBIT	1.25B	1.3B	1.49B	1.34B	1.41B
EBITDAR	1.31B	1.36B	1.56B	1.4B	1.47B
Total Revenues (As Reported)	3.23B	-	-	-	-
Effective Tax Rate - (Ratio)	22.68	20.8	22.62	22.3	18.79
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	201M	168M	230M	235M	211M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	18.47M	32.33M	56.79M	15.28M	4.55M
Normalized Net Income	605M	650M	790M	697M	712M
Interest on Long-Term Debt	108M	107M	107M	107M	259M
Non-Cash Pension Expense	5.25M	3.24M	5.07M	2.55M	-1.78M
Supplemental Operating Expense Items
Net Rental Expense, Total	27.84M	28.61M	27.12M	25.95M	22.9M
Imputed Operating Lease Interest Expense	30.83M	26.46M	21.3M	19.57M	20.03M
Imputed Operating Lease Depreciation	-2.99M	2.15M	5.82M	6.38M	2.87M
Stock-Based Comp., COGS (Total)	10M	3.8M	4.4M	4.7M	4.9M
Stock-Based Comp., Other (Total)	20.4M	19.8M	35.3M	26M	28.4M
Total Stock-Based Compensation	30.4M	23.6M	39.7M	30.7M	33.3M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	720M	772M	1.29B	1.07B	545M
Trading Asset Securities, Total	56.17M	39.03M	107M	172M	142M
Total Cash And Short Term Investments	776M	811M	1.4B	1.24B	687M
Accounts Receivable, Total	394M	444M	387M	369M	336M
Other Receivables	11.92M	30.37M	17.34M	15.54M	38.29M
Notes Receivable	7.2B	6.33B	5.35B	5.02B	5.11B
Total Receivables	7.6B	6.81B	5.76B	5.41B	5.48B
Other Current Assets, Total	576M	1.1B	2.28B	4.41B	3.41B
Total Current Assets	8.96B	8.72B	9.44B	11.06B	9.58B
Gross Property Plant And Equipment	492M	653M	666M	704M	701M
Accumulated Depreciation	-275M	-324M	-350M	-378M	-394M
Net Property Plant And Equipment	217M	330M	316M	326M	307M
Long-term Investments	2.06B	2.52B	3.34B	2.79B	4.38B
Goodwill	2.66B	2.8B	2.8B	2.8B	2.64B
Other Intangibles, Total	1.23B	1.32B	1.36B	1.36B	1.25B
Deferred Tax Assets Long-Term	76.52M	84.62M	29.27M	1.42M	3.23M
Deferred Charges Long-Term	195M	280M	378M	429M	444M
Other Long-Term Assets, Total	1.17M	1.02M	2.07M	99.83M	63.64M
Total Assets	15.39B	16.06B	17.66B	18.87B	18.66B
Liabilities
Accounts Payable, Total	435M	487M	553M	508M	445M
Accrued Expenses, Total	30.13M	27.5M	26.78M	36.66M	40.25M
Current Portion of Long-Term Debt	454K	410K	387K	350K	328K
Current Portion of Leases	-	27.6M	31.8M	31.5M	29.2M
Current Income Taxes Payable	4.87M	7.15M	104M	7.12M	9.54M
Other Current Liabilities	2.19B	2.79B	3.52B	5.44B	4.41B
Total Current Liabilities	2.66B	3.34B	4.23B	6.02B	4.94B
Long-Term Debt	2.1B	2.1B	2.1B	2.1B	2.4B
Long-Term Leases	90.45M	161M	166M	161M	141M
Pension & Other Post Retirement Benefits	207M	250M	126M	81.37M	85.19M
Deferred Tax Liability Non Current	305M	388M	525M	451M	442M
Other Non Current Liabilities	5.52B	4.78B	4.01B	3.8B	3.94B
Total Liabilities	10.89B	11.02B	11.16B	12.61B	11.94B
Preferred Stock Redeemable	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	1.6B	1.6B	1.66B	1.67B	1.69B
Additional Paid In Capital	48.68M	51.66M	51.07M	54.13M	57.93M
Retained Earnings	2.98B	3.21B	3.86B	4.11B	4.6B
Comprehensive Income and Other	-128M	136M	883M	363M	316M
Total Common Equity	4.5B	4.99B	6.45B	6.2B	6.66B
Minority Interest	-	48.91M	51.34M	66.68M	59.95M
Total Equity	4.5B	5.04B	6.5B	6.26B	6.72B
Total Liabilities And Equity	15.39B	16.06B	17.66B	18.87B	18.66B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	238M	238M	240M	238M	238M
ECS Total Common Shares Outstanding	238M	238M	240M	238M	238M
Book Value / Share	18.88	20.96	26.91	26.07	27.97
Tangible Book Value	609M	869M	2.29B	2.03B	2.77B
Tangible Book Value Per Share	2.55	3.65	9.56	8.54	11.64
Total Debt	2.19B	2.29B	2.3B	2.29B	2.57B
Net Debt	1.42B	1.48B	901M	1.05B	1.88B
Debt Equivalent of Unfunded Proj. Benefit Obligation	168M	208M	93.18M	-30.7M	-2.13M
Debt Equivalent Oper. Leases	223M	229M	217M	208M	183M
Minority Interest, Total (Incl. Fin. Div)	-	48.91M	51.34M	66.68M	59.95M
Equity Method Investments, Total	1.75B	1.93B	2.05B	2.19B	3.66B
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	66.82M	68.01M	69.35M	69.59M	72.94M
Machinery, Total	321M	357M	336M	353M	351M
Full Time Employees	3.3K	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	749M	764M	979M	867M	1.15B
Depreciation & Amortization - CF	50.4M	51.32M	52.88M	50.81M	48.17M
Amortization of Goodwill and Intangible Assets - (CF)	6.47M	7.42M	12.5M	14.42M	15.84M
Depreciation & Amortization, Total	56.88M	58.74M	65.38M	65.24M	64.01M
Amortization of Deferred Charges, Total - (CF)	45.01M	61.19M	91.12M	116M	137M
(Gain) Loss From Sale Of Asset	-	-	-	-	-221M
(Gain) Loss on Sale of Investments - (CF)	-	-30M	-	-	-173M
Asset Writedown & Restructuring Costs	-26.85M	57.84M	-49.96M	-8.38M	46.55M
(Income) Loss On Equity Investments - (CF)	-32.25M	-71.33M	-102M	-106M	-84.91M
Other Operating Activities, Total	-88.98M	-131M	-1.42M	-193M	-117M
Change in Other Net Operating Assets	9.32M	26.77M	-38.34M	-3.68M	37.14M
Cash from Operations	712M	737M	944M	738M	837M
Capital Expenditure	-18.81M	-38.99M	-10.64M	-37.67M	-28.76M
Cash Acquisitions	-	-176M	-	-	-
Divestitures	-	30M	-	-	555M
Sale (Purchase) of Intangible assets	-64.12M	-68.81M	-75.28M	-107M	-125M
Investment in Marketable and Equity Securities, Total	-19.86M	40.22M	216M	-30.44M	-1.47B
Net (Increase) Decrease in Loans Originated / Sold - Investing	529M	887M	969M	310M	-89.71M
Cash from Investing	427M	673M	1.1B	135M	-1.16B
Short Term Debt Issued, Total	-	-	-	-	550M
Long-Term Debt Issued, Total	250M	-	-	-	300M
Total Debt Issued	250M	-	-	-	850M
Short Term Debt Repaid, Total	-	-	-	-	-550M
Long-Term Debt Repaid, Total	-23.37M	-25.58M	-23.02M	-25.59M	-24.14M
Total Debt Repaid	-23.37M	-25.58M	-23.02M	-25.59M	-574M
Issuance of Common Stock	4.85M	498K	55.9M	42.55M	16.88M
Repurchase of Common Stock	-99.96M	-	-	-116M	-
Repurchase of Preferred Stock	-150M	-	-	-	-
Common Dividends Paid	-539M	-536M	-537M	-537M	-535M
Preferred Dividends Paid	-4.42M	-	-	-	-
Common & Preferred Stock Dividends Paid	-543M	-536M	-537M	-537M	-535M
Other Financing Activities, Total	-507M	-797M	-1.02B	-456M	38.94M
Cash from Financing	-1.07B	-1.36B	-1.52B	-1.09B	-204M
Net Change in Cash	69.78M	51.58M	521M	-220M	-528M
Supplemental Items
Cash Interest Paid	272M	256M	221M	202M	276M
Cash Income Tax Paid (Refund)	237M	172M	154M	331M	223M
Levered Free Cash Flow	3.15B	3.67B	4.28B	4.16B	5.95B
Unlevered Free Cash Flow	3.33B	3.83B	4.43B	4.29B	6.11B
Change In Net Working Capital	-2.5B	-2.98B	-3.38B	-3.39B	-5.15B
Net Debt Issued / Repaid	227M	-25.58M	-23.02M	-25.59M	276M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.04	5.16	5.53	4.58	4.71
Return on Total Capital	11.87	11.58	11.57	9.65	9.95
Return On Equity %	16.46	16.03	16.99	13.67	14.46
Return on Common Equity	16.69	16.1	17.11	13.72	14.55
Margin Analysis
Gross Profit Margin %	37.5	38.48	39.02	36.23	38.72
SG&A Margin	0.82	0.83	0.7	0.69	0.62
EBITDA Margin %	37.67	38.63	39.28	36.53	39.09
EBITA Margin %	36.88	37.87	38.65	35.92	38.53
EBIT Margin %	36.69	37.65	38.33	35.54	38.1
Income From Continuing Operations Margin %	22	22.16	25.18	23.15	25.1
Net Income Margin %	22	22.16	25.13	23.01	31.03
Net Avail. For Common Margin %	21.93	22.16	25.13	23.01	25.01
Normalized Net Income Margin	17.78	18.83	20.29	18.48	19.22
Levered Free Cash Flow Margin	92.6	106.31	109.99	110.33	160.63
Unlevered Free Cash Flow Margin	97.75	111	113.6	113.92	165.12
Asset Turnover
Asset Turnover	0.22	0.22	0.23	0.21	0.2
Fixed Assets Turnover	19.15	12.62	12.07	11.74	11.69
Receivables Turnover (Average Receivables)	8.55	7.33	8.57	9.08	8.94
Short Term Liquidity
Current Ratio	3.36	2.61	2.23	1.84	1.94
Quick Ratio	0.44	0.38	0.43	0.27	0.21
Operating Cash Flow to Current Liabilities	0.27	0.22	0.22	0.12	0.17
Days Sales Outstanding (Average Receivables)	42.71	49.95	42.57	40.21	40.82
Average Days Payable Outstanding	71.39	79.47	79.91	80.56	76.34
Long Term Solvency
Total Debt/Equity	48.73	45.41	35.37	36.63	38.26
Total Debt / Total Capital	32.76	31.23	26.13	26.81	27.67
LT Debt/Equity	48.72	44.86	34.88	36.12	37.82
Long-Term Debt / Total Capital	32.76	30.85	25.76	26.44	27.36
Total Liabilities / Total Assets	70.77	68.6	63.19	66.81	63.99
EBIT / Interest Expense	4.46	5.01	6.63	6.19	5.3
EBITDA / Interest Expense	4.66	5.24	6.92	6.49	5.54