Cash flow IGM Financial Inc.

Stocks

IGM

CA4495861060

Investment Management & Fund Operators

Market Closed - Toronto S.E. Other stock markets 16:20:13 2026-07-09 EDT			5-day change	1st Jan Change
81.23 ^CAD	+1.92%		+3.14%	+31.42%

06-17	IGM Simplifies Organization to Accelerate Investment in Key Technology Capabilities to Strengthen Business	MT
06-04	IGM Financial's May Assets Under Management And Advisement Jump 21.2% to Record High	MT

0367.o0oPJXuQ8WYHhbZ0oUvnrpsMqxmiWwE2IuuHkn0MR7w.1id4aB70pw5osOUjlhyS6ulh2izACmxRRJ7PoCR7CNjgBWBQJNS4Pjaw0Q

Published financial data: IGM FINANCIAL INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	3.57B	3.43B	3.15B	3.44B	3.78B
Gain (Loss) on Sale of Investment, Total (Rev)	-181K	-	173M	-	44.58M
Interest And Invest. Income (Rev)	134M	127M	180M	225M	227M
Other Revenues, Total	196M	211M	200M	213M	264M
Total Revenues	3.9B	3.77B	3.7B	3.88B	4.31B
Cost of Goods Sold, Total	2.38B	2.4B	2.27B	2.34B	2.54B
Gross Profit	1.52B	1.37B	1.43B	1.53B	1.78B
Selling General & Admin Expenses, Total	27.12M	25.95M	22.9M	22.59M	24.11M
Other Operating Expenses, Total	27.12M	25.95M	22.9M	22.59M	24.11M
Operating Income	1.49B	1.34B	1.41B	1.51B	1.76B
Interest Expense, Total	-225M	-217M	-266M	-302M	-314M
Net Interest Expenses	-225M	-217M	-266M	-302M	-314M
EBT, Excl. Unusual Items	1.27B	1.12B	1.14B	1.21B	1.44B
Restructuring Charges	-	-	-	-	-
EBT, Incl. Unusual Items	1.27B	1.12B	1.14B	1.21B	1.44B
Income Tax Expense	287M	250M	215M	272M	334M
Earnings From Continuing Operations	981M	873M	929M	937M	1.11B
Earnings Of Discontinued Operations	-	-	223M	-	-
Net Income to Company	981M	873M	1.15B	937M	1.11B
Minority Interest	-1.94M	-5.33M	-3.62M	-3.92M	-6.03M
Net Income - (IS)	979M	867M	1.15B	934M	1.1B
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	979M	867M	1.15B	934M	1.1B
Net Income to Common Excl. Extra Items	979M	867M	926M	934M	1.1B
Per Share Items
Net EPS - Basic	4.1	3.64	4.83	3.93	4.66
Basic EPS - Continuing Operations	4.1	3.64	3.89	3.93	4.66
Basic Weighted Average Shares Outstanding	239M	238M	238M	237M	236M
Net EPS - Diluted	4.08	3.63	4.82	3.93	4.64
Diluted EPS - Continuing Operations	4.08	3.63	3.88	3.93	4.64
Diluted Weighted Average Shares Outstanding	240M	239M	238M	238M	237M
Normalized Basic EPS	3.31	2.92	2.99	3.17	3.78
Normalized Diluted EPS	3.29	2.91	2.98	3.17	3.77
Dividend Per Share	2.25	2.25	2.25	2.25	2.25
Payout Ratio	54.86	61.94	46.61	57.21	48.4
Supplemental Items
EBITDA	1.53B	1.38B	1.45B	1.54B	1.79B
EBITA	1.51B	1.35B	1.43B	1.53B	1.77B
EBIT	1.49B	1.34B	1.41B	1.51B	1.76B
EBITDAR	1.56B	1.4B	1.47B	1.56B	1.81B
Total Revenues (As Reported)	-	-	-	3.38B	-
Effective Tax Rate - (Ratio)	22.62	22.3	18.79	22.5	23.17
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	230M	235M	211M	261M	310M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	56.79M	15.28M	4.55M	10.79M	23.95M
Normalized Net Income	790M	697M	712M	752M	895M
Interest on Long-Term Debt	107M	107M	259M	295M	308M
Non-Cash Pension Expense	5.07M	2.55M	-1.78M	-298K	-2.99M
Supplemental Operating Expense Items
Net Rental Expense, Total	27.12M	25.95M	22.9M	22.59M	24.11M
Imputed Operating Lease Interest Expense	21.3M	19.57M	20.03M	21.26M	23.65M
Imputed Operating Lease Depreciation	5.82M	6.38M	2.87M	1.34M	460K
Stock-Based Comp., COGS (Total)	4.4M	4.7M	4.9M	4.6M	5.3M
Stock-Based Comp., Other (Total)	35.3M	26M	28.4M	41.3M	61.5M
Total Stock-Based Compensation	39.7M	30.7M	33.3M	45.9M	66.8M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.29B	1.07B	545M	910M	1.27B
Trading Asset Securities, Total	107M	172M	142M	118M	109M
Total Cash And Short Term Investments	1.4B	1.24B	687M	1.03B	1.38B
Accounts Receivable, Total	387M	369M	336M	268M	292M
Other Receivables	17.34M	15.54M	38.29M	1.28M	13.4M
Notes Receivable	5.35B	5.02B	5.11B	5.46B	5.26B
Total Receivables	5.76B	5.41B	5.48B	5.73B	5.57B
Other Current Assets, Total	2.28B	4.41B	3.41B	3.76B	4.39B
Total Current Assets	9.44B	11.06B	9.58B	10.52B	11.34B
Gross Property Plant And Equipment	666M	704M	701M	737M	800M
Accumulated Depreciation	-350M	-378M	-394M	-428M	-456M
Net Property Plant And Equipment	316M	326M	307M	309M	344M
Long-term Investments	3.34B	2.79B	4.38B	5.33B	6.17B
Goodwill	2.8B	2.8B	2.64B	2.64B	2.64B
Other Intangibles, Total	1.36B	1.36B	1.25B	1.28B	1.29B
Deferred Tax Assets Long-Term	29.27M	1.42M	3.23M	3.49M	2.21M
Deferred Charges Long-Term	378M	429M	444M	478M	514M
Other Long-Term Assets, Total	2.07M	99.83M	63.64M	128M	110M
Total Assets	17.66B	18.87B	18.66B	20.68B	22.4B
Liabilities
Accounts Payable, Total	553M	508M	445M	492M	570M
Accrued Expenses, Total	26.78M	36.66M	40.25M	33.2M	31.59M
Current Portion of Long-Term Debt	387K	350K	328K	-	-
Current Portion of Leases	31.8M	31.5M	29.2M	29.3M	27.6M
Current Income Taxes Payable	104M	7.12M	9.54M	33.46M	29.12M
Other Current Liabilities	3.52B	5.44B	4.41B	5.04B	5.72B
Total Current Liabilities	4.23B	6.02B	4.94B	5.63B	6.38B
Long-Term Debt	2.1B	2.1B	2.4B	2.4B	2.4B
Long-Term Leases	166M	161M	141M	132M	138M
Pension & Other Post Retirement Benefits	126M	81.37M	85.19M	85.37M	85.6M
Deferred Tax Liability Non Current	525M	451M	442M	563M	714M
Other Non Current Liabilities	4.01B	3.8B	3.94B	4.01B	3.65B
Total Liabilities	11.16B	12.61B	11.94B	12.81B	13.36B
Preferred Stock Redeemable	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	1.66B	1.67B	1.69B	1.79B	1.87B
Additional Paid In Capital	51.07M	54.13M	57.93M	54.59M	50.72M
Retained Earnings	3.86B	4.11B	4.6B	4.89B	5.17B
Comprehensive Income and Other	883M	363M	316M	1.07B	1.86B
Total Common Equity	6.45B	6.2B	6.66B	7.8B	8.94B
Minority Interest	51.34M	66.68M	59.95M	69.63M	93.96M
Total Equity	6.5B	6.26B	6.72B	7.87B	9.04B
Total Liabilities And Equity	17.66B	18.87B	18.66B	20.68B	22.4B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	240M	238M	238M	237M	234M
ECS Total Common Shares Outstanding	240M	238M	238M	238M	235M
Book Value / Share	26.91	26.07	27.97	32.79	38.04
Tangible Book Value	2.29B	2.03B	2.77B	3.89B	5.02B
Tangible Book Value Per Share	9.56	8.54	11.64	16.34	21.34
Total Debt	2.3B	2.29B	2.57B	2.56B	2.57B
Net Debt	901M	1.05B	1.88B	1.53B	1.18B
Debt Equivalent of Unfunded Proj. Benefit Obligation	93.18M	-30.7M	-2.13M	-55.22M	-74.76M
Debt Equivalent Oper. Leases	217M	208M	183M	181M	193M
Minority Interest, Total (Incl. Fin. Div)	51.34M	66.68M	59.95M	69.63M	93.96M
Equity Method Investments, Total	2.05B	2.19B	3.66B	3.98B	3.75B
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	69.35M	69.59M	72.94M	76.01M	83.24M
Machinery, Total	336M	353M	351M	372M	404M
Full Time Employees	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	979M	867M	1.15B	934M	1.1B
Depreciation & Amortization - CF	52.88M	50.81M	48.17M	42.09M	40.61M
Amortization of Goodwill and Intangible Assets - (CF)	12.5M	14.42M	15.84M	14.22M	18.57M
Depreciation & Amortization, Total	65.38M	65.24M	64.01M	56.31M	59.18M
Amortization of Deferred Charges, Total - (CF)	91.12M	116M	137M	142M	154M
(Gain) Loss From Sale Of Asset	-	-	-221M	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-173M	-	-44.58M
Asset Writedown & Restructuring Costs	-49.96M	-8.38M	46.55M	-28.32M	-11.42M
(Income) Loss On Equity Investments - (CF)	-102M	-106M	-84.91M	-82.8M	-135M
Other Operating Activities, Total	-1.42M	-193M	-117M	-37.79M	-101M
Change in Other Net Operating Assets	-38.34M	-3.68M	37.14M	170M	13.05M
Cash from Operations	944M	738M	837M	1.15B	1.03B
Capital Expenditure	-10.64M	-37.67M	-28.76M	-31.28M	-49.05M
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	555M	-	-
Sale (Purchase) of Intangible assets	-75.28M	-107M	-125M	-87.37M	-70.94M
Investment in Marketable and Equity Securities, Total	216M	-30.44M	-1.47B	9.08M	217M
Net (Increase) Decrease in Loans Originated / Sold - Investing	969M	310M	-89.71M	-364M	204M
Cash from Investing	1.1B	135M	-1.16B	-474M	301M
Short Term Debt Issued, Total	-	-	550M	-	-
Long-Term Debt Issued, Total	-	-	300M	-	-
Total Debt Issued	-	-	850M	-	-
Short Term Debt Repaid, Total	-	-	-550M	-	-
Long-Term Debt Repaid, Total	-23.02M	-25.59M	-24.14M	-25.06M	-23.61M
Total Debt Repaid	-23.02M	-25.59M	-574M	-25.06M	-23.61M
Issuance of Common Stock	55.9M	42.55M	16.88M	110M	120M
Repurchase of Common Stock	-	-116M	-	-122M	-294M
Repurchase of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-537M	-537M	-535M	-534M	-533M
Preferred Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-537M	-537M	-535M	-534M	-533M
Other Financing Activities, Total	-1.02B	-456M	38.94M	258M	-241M
Cash from Financing	-1.52B	-1.09B	-204M	-313M	-972M
Net Change in Cash	521M	-220M	-528M	366M	364M
Supplemental Items
Cash Interest Paid	221M	202M	276M	303M	310M
Cash Income Tax Paid (Refund)	154M	331M	223M	194M	317M
Levered Free Cash Flow	4.28B	4.16B	5.95B	5.25B	6.25B
Unlevered Free Cash Flow	4.43B	4.29B	6.11B	5.44B	6.45B
Change In Net Working Capital	-3.38B	-3.39B	-5.15B	-4.37B	-5.19B
Net Debt Issued / Repaid	-23.02M	-25.59M	276M	-25.06M	-23.61M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.53	4.58	4.71	4.8	5.09
Return on Total Capital	11.57	9.65	9.95	9.58	9.96
Return On Equity %	16.99	13.67	14.46	12.85	13.09
Return on Common Equity	17.11	13.72	14.55	12.91	13.15
Margin Analysis
Gross Profit Margin %	39.02	36.23	38.72	39.56	41.24
SG&A Margin	0.7	0.69	0.62	0.58	0.56
EBITDA Margin %	39.28	36.53	39.09	39.78	41.5
EBITA Margin %	38.65	35.92	38.53	39.35	41.11
EBIT Margin %	38.33	35.54	38.1	38.98	40.68
Income From Continuing Operations Margin %	25.18	23.15	25.1	24.18	25.66
Net Income Margin %	25.13	23.01	31.03	24.08	25.52
Net Avail. For Common Margin %	25.13	23.01	25.01	24.08	25.52
Normalized Net Income Margin	20.29	18.48	19.22	19.4	20.73
Levered Free Cash Flow Margin	109.99	110.33	160.63	135.38	144.93
Unlevered Free Cash Flow Margin	113.6	113.92	165.12	140.24	149.48
Asset Turnover
Asset Turnover	0.23	0.21	0.2	0.2	0.2
Fixed Assets Turnover	12.07	11.74	11.69	12.59	13.22
Receivables Turnover (Average Receivables)	8.57	9.08	8.94	11.39	13.48
Short Term Liquidity
Current Ratio	2.23	1.84	1.94	1.87	1.78
Quick Ratio	0.43	0.27	0.21	0.23	0.26
Operating Cash Flow to Current Liabilities	0.22	0.12	0.17	0.2	0.16
Days Sales Outstanding (Average Receivables)	42.57	40.21	40.82	32.14	27.07
Average Days Payable Outstanding	79.91	80.56	76.34	73.18	76.49
Long Term Solvency
Total Debt/Equity	35.37	36.63	38.26	32.54	28.38
Total Debt / Total Capital	26.13	26.81	27.67	24.55	22.11
LT Debt/Equity	34.88	36.12	37.82	32.16	28.08
Long-Term Debt / Total Capital	25.76	26.44	27.36	24.27	21.87
Total Liabilities / Total Assets	63.19	66.81	63.99	61.95	59.65
EBIT / Interest Expense	6.63	6.19	5.3	5.01	5.58
EBITDA / Interest Expense	6.92	6.49	5.54	5.2	5.77
(EBITDA - Capex) / Interest Expense	6.87	6.31	5.43	5.09	5.62
Total Debt / EBITDA	1.48	1.63	1.74	1.63	1.41
Net Debt / EBITDA	0.58	0.75	1.28	0.98	0.65
Total Debt / (EBITDA - Capex)	1.49	1.68	1.78	1.67	1.45
Net Debt / (EBITDA - Capex)	0.58	0.77	1.3	1	0.67
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	12.92	-3.25	6.91	4.72	11.29
Gross Profit, 1 Yr. Growth %	14.51	-10.17	6.42	7.01	16
EBITDA, 1 Yr. Growth %	14.81	-10.01	6.38	6.58	16.11
EBITA, 1 Yr. Growth %	15.24	-10.07	6.64	6.95	16.27
EBIT, 1 Yr. Growth %	14.94	-10.28	6.61	7.15	16.14
Earnings From Cont. Operations, 1 Yr. Growth %	28.29	-11.04	7.92	0.87	18.09
Net Income, 1 Yr. Growth %	28.07	-11.41	32.48	-18.75	17.94
Normalized Net Income, 1 Yr. Growth %	21.65	-11.87	3.65	5.68	18.94
Diluted EPS Before Extra, 1 Yr. Growth %	27.2	-11.03	8.38	1.29	18.07
Accounts Receivable, 1 Yr. Growth %	-12.89	-4.74	-9.02	-20.01	8.81
Net Property, Plant and Equip., 1 Yr. Growth %	-4.16	3.27	-5.92	0.7	11.2
Total Assets, 1 Yr. Growth %	9.95	6.87	-0.4	10.82	8.31
Tangible Book Value, 1 Yr. Growth %	163.58	-11.37	46.15	40.17	29.07
Common Equity, 1 Yr. Growth %	29.15	-3.93	9.85	17.12	14.66
Cash From Operations, 1 Yr. Growth %	28.1	-21.82	13.5	37.69	-5.25
Capital Expenditures, 1 Yr. Growth %	-72.7	253.96	-23.65	8.75	56.82
Levered Free Cash Flow, 1 Yr. Growth %	310.13	361.38	-614.55	214.83	1.71K
Unlevered Free Cash Flow, 1 Yr. Growth %	266.76	312.02	-698.88	196.56	1.11K
Dividend Per Share, 1 Yr. Growth %	0	0	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7.14	4.53	-2.51	5.81	7.95
Gross Profit, 2 Yr. CAGR %	9.11	1.42	-2.89	6.71	11.41
EBITDA, 2 Yr. CAGR %	9.23	1.64	-2.75	6.48	11.24
EBITA, 2 Yr. CAGR %	9.51	1.8	-2.66	6.8	11.52
EBIT, 2 Yr. CAGR %	9.33	1.55	-2.8	6.88	11.55
Earnings From Cont. Operations, 2 Yr. CAGR %	14.44	6.83	-2.66	4.34	9.14
Net Income, 2 Yr. CAGR %	14.33	6.51	8.33	3.75	-2.11
Normalized Net Income, 2 Yr. CAGR %	14.26	3.54	-5.11	4.66	12.11
Diluted EPS Before Extra, 2 Yr. CAGR %	14.35	6.38	-2.48	4.77	9.36
Accounts Receivable, 2 Yr. CAGR %	-0.9	-8.91	-6.9	-14.69	-6.71
Net Property, Plant and Equip., 2 Yr. CAGR %	20.68	-0.52	-1.44	-2.67	5.82
Total Assets, 2 Yr. CAGR %	7.12	8.4	2.8	5.06	9.56
Tangible Book Value, 2 Yr. CAGR %	94.01	52.84	10.02	43.13	34.51
Common Equity, 2 Yr. CAGR %	19.73	11.39	1.62	13.43	15.88
Cash From Operations, 2 Yr. CAGR %	15.11	0.07	-5.8	25.01	11.18
Capital Expenditures, 2 Yr. CAGR %	-24.79	-1.71	64.39	-8.88	30.59
Levered Free Cash Flow, 2 Yr. CAGR %	97.92	99.51	156.88	113.1	93.68
Unlevered Free Cash Flow, 2 Yr. CAGR %	86.75	88.64	142.21	130.79	87.56
Dividend Per Share, 2 Yr. CAGR %	0	0	0	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.49	3.56	2.38	-0.16	7.61
Gross Profit, 3 Yr. CAGR %	3.99	2.26	2.59	0.3	9.72
EBITDA, 3 Yr. CAGR %	4.78	2.39	2.79	0.27	9.6
EBITA, 3 Yr. CAGR %	5	2.55	2.97	0.44	9.87
EBIT, 3 Yr. CAGR %	4.86	2.36	2.78	0.41	9.88
Earnings From Cont. Operations, 3 Yr. CAGR %	8.12	5.22	6.72	-1.5	8.73
Net Income, 3 Yr. CAGR %	8.04	5.01	14.55	-1.57	8.28
Normalized Net Income, 3 Yr. CAGR %	7.82	4.78	3.08	-1.64	9.22
Diluted EPS Before Extra, 3 Yr. CAGR %	8.66	5.18	6.55	-1.24	9.03
Accounts Receivable, 3 Yr. CAGR %	6.6	-2.2	-8.94	-11.49	-7.48
Net Property, Plant and Equip., 3 Yr. CAGR %	31.6	14.57	-2.35	-0.73	1.75
Total Assets, 3 Yr. CAGR %	4.2	7.03	5.13	5.41	6.13
Tangible Book Value, 3 Yr. CAGR %	56.28	49.42	47.21	19.27	38.28
Common Equity, 3 Yr. CAGR %	13.16	11.26	10.08	6.54	13.84
Cash From Operations, 3 Yr. CAGR %	6.32	1.18	4.36	6.9	11.95
Capital Expenditures, 3 Yr. CAGR %	14.36	26.04	-9.64	43.24	9.2
Levered Free Cash Flow, 3 Yr. CAGR %	75.69	56.07	78.56	79.92	75.56
Unlevered Free Cash Flow, 3 Yr. CAGR %	65.92	50.13	71.75	73.44	84.87
Dividend Per Share, 3 Yr. CAGR %	0	0	0	0	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.18	2.74	1.63	2.7	4.58
Gross Profit, 5 Yr. CAGR %	4.44	-0.15	1.18	3.74	6.03
EBITDA, 5 Yr. CAGR %	4.94	0.26	1.7	3.76	6.09
EBITA, 5 Yr. CAGR %	5.1	0.44	1.86	3.97	6.31
EBIT, 5 Yr. CAGR %	5.04	0.3	1.72	3.89	6.21
Earnings From Cont. Operations, 5 Yr. CAGR %	4.71	7.4	3.67	4.59	7.68
Net Income, 5 Yr. CAGR %	4.67	7.26	8.16	4.5	7.57
Normalized Net Income, 5 Yr. CAGR %	5.96	0.86	2.45	4.43	6.6
Diluted EPS Before Extra, 5 Yr. CAGR %	5.04	7.74	4.06	4.72	7.66
Accounts Receivable, 5 Yr. CAGR %	6.16	3.87	0.98	-7.4	-8.06
Net Property, Plant and Equip., 5 Yr. CAGR %	14.39	16.74	17.23	7.34	0.84
Total Assets, 5 Yr. CAGR %	2.48	2.72	3.64	6.09	6.88
Tangible Book Value, 5 Yr. CAGR %	27.93	19.59	35.81	44.89	41.99
Common Equity, 5 Yr. CAGR %	7.01	5.8	8.39	11.64	12.36
Cash From Operations, 5 Yr. CAGR %	5.08	1.88	1.29	10.12	7.04
Capital Expenditures, 5 Yr. CAGR %	-24.12	17.88	32.22	10.7	4.7
Levered Free Cash Flow, 5 Yr. CAGR %	164.74	33.98	49.74	36.84	43.03
Unlevered Free Cash Flow, 5 Yr. CAGR %	91.68	30.82	44.55	33.78	39.83
Dividend Per Share, 5 Yr. CAGR %	0	0	0	0	0