Balance Sheet WSP Global Inc.

Equities

WSP

CA92938W2022

Construction & Engineering

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-09-16 pm EDT			5-day change	1st Jan Change
233.25 ^CAD	+0.31%		+3.00%	+25.58%

Sep. 10	WSP Announcing Private Offering of $1 Billion Aggregate Principal Amount of Senior Unsecured Notes	MT
Sep. 10	WSP Global Inc. Announces Private Offering of $1 Billion Aggregate Principal Amount of Senior Unsecured Notes	CI

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Published financial data: WSP GLOBAL INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	8.92B	8.8B	10.28B	11.93B	14.44B
Total Revenues	8.92B	8.8B	10.28B	11.93B	14.44B
Cost of Goods Sold, Total	7.21B	7.17B	8.26B	9.66B	11.59B
Gross Profit	1.7B	1.63B	2.02B	2.27B	2.84B
Selling General & Admin Expenses, Total	-	-	-	-	-
Depreciation & Amortization - (IS)	343M	372M	379M	403M	452M
Amortization of Goodwill and Intangible Assets - (IS)	111M	105M	139M	173M	222M
Other Operating Expenses	703M	606M	746M	794M	980M
Other Operating Expenses, Total	1.16B	1.08B	1.26B	1.37B	1.65B
Operating Income	548M	551M	752M	903M	1.19B
Interest Expense, Total	-127M	-93.9M	-80.6M	-119M	-250M
Interest And Investment Income	4.7M	5.2M	2.4M	5.8M	12.6M
Net Interest Expenses	-122M	-88.7M	-78.2M	-114M	-237M
Income (Loss) On Equity Invest.	12.3M	18.2M	19.5M	24M	29.7M
Currency Exchange Gains (Loss)	10.4M	-6.9M	5.7M	-17.1M	17.3M
Other Non Operating Income (Expenses)	-	-	-6.8M	-49.9M	-81M
EBT, Excl. Unusual Items	448M	474M	692M	747M	919M
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-54.2M	-103M	-60.8M	-116M	-105M
Impairment of Goodwill	-3.7M	-	-	-	-
Gain (Loss) On Sale Of Investments	21.1M	15.8M	14M	-22.1M	18.1M
Asset Writedown	-25.3M	-	-	-21.6M	-87.1M
EBT, Incl. Unusual Items	386M	386M	645M	588M	745M
Income Tax Expense	100M	108M	171M	153M	192M
Earnings From Continuing Operations	286M	277M	474M	435M	553M
Net Income to Company	286M	277M	474M	435M	553M
Minority Interest	800K	-1.4M	-500K	-2.9M	-3M
Net Income - (IS)	286M	276M	474M	432M	550M
Net Income to Common Incl Extra Items	286M	276M	474M	432M	550M
Net Income to Common Excl. Extra Items	286M	276M	474M	432M	550M
Per Share Items
Net EPS - Basic	2.72	2.51	4.07	3.59	4.41
Basic EPS - Continuing Operations	2.72	2.51	4.07	3.59	4.41
Basic Weighted Average Shares Outstanding	105M	110M	116M	120M	125M
Net EPS - Diluted	2.71	2.5	4.05	3.58	4.4
Diluted EPS - Continuing Operations	2.71	2.5	4.05	3.58	4.4
Diluted Weighted Average Shares Outstanding	106M	110M	117M	121M	125M
Normalized Basic EPS	2.67	2.68	3.71	3.85	4.59
Normalized Diluted EPS	2.66	2.67	3.69	3.84	4.57
Dividend Per Share	1.5	1.5	1.5	1.5	1.5
Payout Ratio	27.09	31.99	17.02	20.87	29.49
Distributable Cash per Share	4.2	-	-	-	-
Distributable Cash Shares (Basic)	105M	-	-	-	-
Distributable Cash Payout Ratio (Income Trusts)	35.78	-	27.07	58.83	43.15
Supplemental Items
EBITDA	727M	730M	960M	1.13B	1.51B
EBITA	626M	627M	846M	1.02B	1.37B
EBIT	548M	551M	752M	903M	1.19B
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	25.95	28.12	26.51	26.01	25.76
Total Current Taxes	144M	111M	206M	311M	254M
Total Deferred Taxes	-43.6M	-2.4M	-35.3M	-158M	-61.6M
Normalized Net Income	281M	295M	432M	464M	571M
Distributable Cash	442M	-	646M	309M	433M
Interest on Long-Term Debt	113M	81.3M	73.3M	106M	226M
Non-Cash Pension Expense	4.7M	4.9M	2.4M	2.5M	7M
Supplemental Operating Expense Items
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., COGS (Total)	42.3M	66.6M	101M	43.6M	65.2M
Total Stock-Based Compensation	42.3M	66.6M	101M	43.6M	65.2M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	256M	437M	927M	496M	378M
Short Term Investments	6.3M	800K	11.7M	400K	500K
Total Cash And Short Term Investments	262M	438M	939M	496M	378M
Accounts Receivable, Total	2.54B	2.26B	2.77B	3.86B	4.28B
Other Receivables	239M	315M	284M	399M	375M
Total Receivables	2.78B	2.58B	3.06B	4.26B	4.65B
Prepaid Expenses	104M	169M	170M	139M	239M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	108M	117M	176M	141M	149M
Total Current Assets	3.26B	3.3B	4.34B	5.03B	5.42B
Gross Property Plant And Equipment	1.72B	1.76B	1.79B	2.01B	2.02B
Accumulated Depreciation	-458M	-551M	-561M	-631M	-756M
Net Property Plant And Equipment	1.26B	1.21B	1.23B	1.38B	1.26B
Long-term Investments	87.2M	113M	118M	120M	125M
Goodwill	3.57B	3.73B	4.76B	6.79B	7.16B
Other Intangibles, Total	355M	276M	550M	1.1B	1.1B
Deferred Tax Assets Long-Term	146M	169M	165M	351M	429M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	1.2M	37.8M	89.2M	63.4M	91.9M
Total Assets	8.68B	8.84B	11.25B	14.84B	15.58B
Liabilities
Accounts Payable, Total	608M	509M	766M	1.04B	1.11B
Accrued Expenses, Total	1.04B	1.21B	1.44B	1.66B	1.6B
Short-term Borrowings	18.3M	2.4M	-	-	-
Current Portion of Long-Term Debt	290M	294M	297M	173M	204M
Current Portion of Leases	212M	233M	254M	273M	258M
Current Income Taxes Payable	125M	119M	150M	260M	171M
Unearned Revenue Current, Total	629M	708M	751M	973M	1.16B
Other Current Liabilities	112M	114M	133M	236M	214M
Total Current Liabilities	3.04B	3.19B	3.79B	4.62B	4.71B
Long-Term Debt	1.09B	277M	1.48B	2.78B	3.06B
Long-Term Leases	839M	785M	766M	857M	745M
Pension & Other Post Retirement Benefits	213M	232M	213M	162M	188M
Deferred Tax Liability Non Current	91.2M	90.4M	99.2M	128M	149M
Other Non Current Liabilities	72.8M	181M	236M	289M	399M
Total Liabilities	5.34B	4.76B	6.59B	8.83B	9.25B
Common Stock, Total	2.75B	3.39B	3.8B	4.78B	4.82B
Additional Paid In Capital	205M	207M	208M	212M	216M
Retained Earnings	303M	412M	710M	960M	1.32B
Comprehensive Income and Other	70.6M	66.7M	-54.5M	49.7M	-25.3M
Total Common Equity	3.33B	4.08B	4.66B	6.01B	6.33B
Minority Interest	1.1M	1M	700K	3.1M	4.5M
Total Equity	3.33B	4.08B	4.67B	6.01B	6.33B
Total Liabilities And Equity	8.68B	8.84B	11.25B	14.84B	15.58B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	106M	114M	118M	125M	125M
ECS Total Common Shares Outstanding	106M	114M	118M	124M	125M
Book Value / Share	31.44	35.94	39.6	48.26	50.77
Tangible Book Value	-593M	73M	-648M	-1.89B	-1.93B
Tangible Book Value Per Share	-5.6	0.64	-5.5	-15.18	-15.49
Total Debt	2.45B	1.59B	2.8B	4.08B	4.26B
Net Debt	2.19B	1.15B	1.86B	3.59B	3.89B
Debt Equivalent of Unfunded Proj. Benefit Obligation	213M	232M	213M	162M	172M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	1.1M	1M	700K	3.1M	4.5M
Equity Method Investments, Total	87.2M	113M	118M	120M	125M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	31.6M	29.2M	30.8M	26.2M	61.8M
Machinery, Total	527M	574M	608M	704M	810M
Full Time Employees	49.9K	-	55.3K	66.2K	66.5K
Accumulated Allowance for Doubtful Accounts (Supple)	155M	174M	174M	158M	170M
Order Backlog	8.13B	-	10.43B	13.01B	14.08B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	286M	276M	474M	432M	550M
Depreciation & Amortization - CF	343M	372M	379M	403M	452M
Amortization of Goodwill and Intangible Assets - (CF)	78M	76.2M	94.2M	113M	182M
Depreciation & Amortization, Total	421M	448M	474M	516M	633M
Amortization of Deferred Charges, Total - (CF)	32.7M	28.5M	44.9M	60.8M	40M
(Gain) Loss From Sale Of Asset	-	-	-11.4M	-1.2M	-1M
(Gain) Loss on Sale of Investments - (CF)	-21.1M	-15.8M	-14M	22.1M	-18.1M
Asset Writedown & Restructuring Costs	29M	-	-	21.6M	87.1M
(Income) Loss On Equity Investments - (CF)	-12.3M	-18.2M	-19.5M	-24M	-29.7M
Other Operating Activities, Total	108M	53.3M	80M	72.7M	10.5M
Change In Accounts Receivable	22M	178M	-250M	-592M	-412M
Change In Accounts Payable	9.3M	98.5M	275M	179M	-46.2M
Change in Unearned Revenues	-60.4M	77M	7.6M	128M	172M
Cash from Operations	814M	1.13B	1.06B	815M	986M
Capital Expenditure	-122M	-72.1M	-101M	-131M	-160M
Sale of Property, Plant, and Equipment	11.7M	4.6M	10.4M	2M	1.9M
Cash Acquisitions	-221M	-124M	-1.25B	-2.56B	-354M
Divestitures	-	8.2M	-	2.6M	-
Sale (Purchase) of Intangible assets	-26.6M	-21M	-20.5M	-35.6M	-20.1M
Investment in Marketable and Equity Securities, Total	-	-	-2.5M	12.7M	-
Other Investing Activities, Total	36.1M	19.4M	14.7M	23.2M	22M
Cash from Investing	-322M	-185M	-1.34B	-2.68B	-510M
Long-Term Debt Issued, Total	-	-	1.15B	2.31B	496M
Total Debt Issued	-	-	1.15B	2.31B	496M
Long-Term Debt Repaid, Total	-357M	-1.16B	-538M	-1.6B	-740M
Total Debt Repaid	-357M	-1.16B	-538M	-1.6B	-740M
Issuance of Common Stock	13.3M	551M	308M	884M	5.2M
Common Dividends Paid	-77.6M	-88.3M	-80.6M	-90.1M	-162M
Common & Preferred Stock Dividends Paid	-77.6M	-88.3M	-80.6M	-90.1M	-162M
Other Financing Activities, Total	-75.2M	-50.4M	-48.6M	-79.7M	-197M
Cash from Financing	-497M	-746M	790M	1.42B	-597M
Foreign Exchange Rate Adjustments	-12M	3.9M	-13.8M	11.9M	-7.6M
Net Change in Cash	-16.6M	197M	492M	-435M	-129M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	79.8M	104M	134M	185M	334M
Levered Free Cash Flow	657M	1.01B	959M	736M	726M
Unlevered Free Cash Flow	736M	1.07B	1.01B	811M	882M
Change In Net Working Capital	-47.1M	-279M	-41.3M	208M	420M
Net Debt Issued / Repaid	-357M	-1.16B	611M	707M	-243M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.16	3.93	4.68	4.33	4.89
Return on Total Capital	6.48	6.01	7.15	6.43	7.19
Return On Equity %	8.67	7.48	10.84	8.14	8.96
Return on Common Equity	8.7	7.45	10.83	8.09	8.92
Margin Analysis
Gross Profit Margin %	19.12	18.55	19.61	19.05	19.7
SG&A Margin	-	-	-	-	-
EBITDA Margin %	8.15	8.3	9.33	9.47	10.44
EBITA Margin %	7.02	7.12	8.23	8.51	9.5
EBIT Margin %	6.14	6.26	7.31	7.57	8.24
Income From Continuing Operations Margin %	3.2	3.15	4.61	3.64	3.83
Net Income Margin %	3.21	3.13	4.61	3.62	3.81
Net Avail. For Common Margin %	3.21	3.13	4.61	3.62	3.81
Normalized Net Income Margin	3.15	3.35	4.2	3.89	3.96
Levered Free Cash Flow Margin	7.36	11.52	9.33	6.17	5.03
Unlevered Free Cash Flow Margin	8.26	12.19	9.82	6.79	6.11
Asset Turnover
Asset Turnover	1.08	1.01	1.02	0.91	0.95
Fixed Assets Turnover	11.06	7.13	8.45	9.17	10.95
Receivables Turnover (Average Receivables)	3.42	3.66	4.08	3.6	3.55
Short Term Liquidity
Current Ratio	1.07	1.03	1.14	1.09	1.15
Quick Ratio	1	0.95	1.05	1.03	1.07
Operating Cash Flow to Current Liabilities	0.27	0.35	0.28	0.18	0.21
Days Sales Outstanding (Average Receivables)	106.74	99.88	89.36	101.4	102.83
Average Days Payable Outstanding