Cash flow IGM Financial Inc.

Equities

IGM

CA4495861060

Investment Management & Fund Operators

Delayed Toronto S.E. Other stock markets 15:50:29 2025-07-15 EDT			5-day change	1st Jan Change
42.93 ^CAD	+0.37%		+1.30%	-6.47%

07-14	IGM Financial Inc. - Shareholder/Analyst Call
07-04	IGM Financial reports assets of $283.9 bln at June 30	RE

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Published financial data: IGM FINANCIAL INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	3.07B	3.57B	3.43B	3.15B	3.44B
Gain (Loss) on Sale of Investment, Total (Rev)	37.04M	-181K	-	173M	-
Interest And Invest. Income (Rev)	190M	134M	127M	180M	225M
Other Revenues, Total	150M	196M	211M	200M	213M
Total Revenues	3.45B	3.9B	3.77B	3.7B	3.88B
Cost of Goods Sold, Total	2.12B	2.38B	2.4B	2.27B	2.34B
Gross Profit	1.33B	1.52B	1.37B	1.43B	1.53B
Selling General & Admin Expenses, Total	28.61M	27.12M	25.95M	22.9M	22.59M
Other Operating Expenses, Total	28.61M	27.12M	25.95M	22.9M	22.59M
Operating Income	1.3B	1.49B	1.34B	1.41B	1.51B
Interest Expense, Total	-259M	-225M	-217M	-266M	-302M
Net Interest Expenses	-259M	-225M	-217M	-266M	-302M
EBT, Excl. Unusual Items	1.04B	1.27B	1.12B	1.14B	1.21B
Restructuring Charges	-74.46M	-	-	-	-
EBT, Incl. Unusual Items	965M	1.27B	1.12B	1.14B	1.21B
Income Tax Expense	201M	287M	250M	215M	272M
Earnings From Continuing Operations	765M	981M	873M	929M	937M
Earnings Of Discontinued Operations	-	-	-	223M	-
Net Income to Company	765M	981M	873M	1.15B	937M
Minority Interest	-198K	-1.94M	-5.33M	-3.62M	-3.92M
Net Income - (IS)	764M	979M	867M	1.15B	934M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	764M	979M	867M	1.15B	934M
Net Income to Common Excl. Extra Items	764M	979M	867M	926M	934M
Per Share Items
Net EPS - Basic	3.21	4.1	3.64	4.83	3.93
Basic EPS - Continuing Operations	3.21	4.1	3.64	3.89	3.93
Basic Weighted Average Shares Outstanding	238M	239M	238M	238M	237M
Net EPS - Diluted	3.21	4.08	3.63	4.82	3.93
Diluted EPS - Continuing Operations	3.21	4.08	3.63	3.88	3.93
Diluted Weighted Average Shares Outstanding	238M	240M	239M	238M	238M
Normalized Basic EPS	2.73	3.31	2.92	2.99	3.17
Normalized Diluted EPS	2.73	3.29	2.91	2.98	3.17
Dividend Per Share	2.25	2.25	2.25	2.25	2.25
Payout Ratio	70.14	54.86	61.94	46.61	57.21
Supplemental Items
EBITDA	1.33B	1.53B	1.38B	1.45B	1.54B
EBITA	1.31B	1.51B	1.35B	1.43B	1.53B
EBIT	1.3B	1.49B	1.34B	1.41B	1.51B
EBITDAR	1.36B	1.56B	1.4B	1.47B	1.56B
Total Revenues (As Reported)	-	-	-	-	3.38B
Effective Tax Rate - (Ratio)	20.8	22.62	22.3	18.79	22.5
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	168M	230M	235M	211M	261M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	32.33M	56.79M	15.28M	4.55M	10.79M
Normalized Net Income	650M	790M	697M	712M	752M
Interest on Long-Term Debt	107M	107M	107M	259M	295M
Non-Cash Pension Expense	3.24M	5.07M	2.55M	-1.78M	-298K
Supplemental Operating Expense Items
Net Rental Expense, Total	28.61M	27.12M	25.95M	22.9M	22.59M
Imputed Operating Lease Interest Expense	26.46M	21.3M	19.57M	20.03M	21.26M
Imputed Operating Lease Depreciation	2.15M	5.82M	6.38M	2.87M	1.34M
Stock-Based Comp., COGS (Total)	3.8M	4.4M	4.7M	4.9M	4.6M
Stock-Based Comp., Other (Total)	19.8M	35.3M	26M	28.4M	41.3M
Total Stock-Based Compensation	23.6M	39.7M	30.7M	33.3M	45.9M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	772M	1.29B	1.07B	545M	910M
Trading Asset Securities, Total	39.03M	107M	172M	142M	118M
Total Cash And Short Term Investments	811M	1.4B	1.24B	687M	1.03B
Accounts Receivable, Total	444M	387M	369M	336M	268M
Other Receivables	30.37M	17.34M	15.54M	38.29M	1.28M
Notes Receivable	6.33B	5.35B	5.02B	5.11B	5.46B
Total Receivables	6.81B	5.76B	5.41B	5.48B	5.73B
Other Current Assets, Total	1.1B	2.28B	4.41B	3.41B	3.76B
Total Current Assets	8.72B	9.44B	11.06B	9.58B	10.52B
Gross Property Plant And Equipment	653M	666M	704M	701M	737M
Accumulated Depreciation	-324M	-350M	-378M	-394M	-428M
Net Property Plant And Equipment	330M	316M	326M	307M	309M
Long-term Investments	2.52B	3.34B	2.79B	4.38B	5.33B
Goodwill	2.8B	2.8B	2.8B	2.64B	2.64B
Other Intangibles, Total	1.32B	1.36B	1.36B	1.25B	1.28B
Deferred Tax Assets Long-Term	84.62M	29.27M	1.42M	3.23M	3.49M
Deferred Charges Long-Term	280M	378M	429M	444M	478M
Other Long-Term Assets, Total	1.02M	2.07M	99.83M	63.64M	128M
Total Assets	16.06B	17.66B	18.87B	18.66B	20.68B
Liabilities
Accounts Payable, Total	487M	553M	508M	445M	492M
Accrued Expenses, Total	27.5M	26.78M	36.66M	40.25M	33.2M
Current Portion of Long-Term Debt	410K	387K	350K	328K	-
Current Portion of Leases	27.6M	31.8M	31.5M	29.2M	29.3M
Current Income Taxes Payable	7.15M	104M	7.12M	9.54M	33.46M
Other Current Liabilities	2.79B	3.52B	5.44B	4.41B	5.04B
Total Current Liabilities	3.34B	4.23B	6.02B	4.94B	5.63B
Long-Term Debt	2.1B	2.1B	2.1B	2.4B	2.4B
Long-Term Leases	161M	166M	161M	141M	132M
Pension & Other Post Retirement Benefits	250M	126M	81.37M	85.19M	85.37M
Deferred Tax Liability Non Current	388M	525M	451M	442M	563M
Other Non Current Liabilities	4.78B	4.01B	3.8B	3.94B	4.01B
Total Liabilities	11.02B	11.16B	12.61B	11.94B	12.81B
Preferred Stock Redeemable	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	1.6B	1.66B	1.67B	1.69B	1.79B
Additional Paid In Capital	51.66M	51.07M	54.13M	57.93M	54.59M
Retained Earnings	3.21B	3.86B	4.11B	4.6B	4.89B
Comprehensive Income and Other	136M	883M	363M	316M	1.07B
Total Common Equity	4.99B	6.45B	6.2B	6.66B	7.8B
Minority Interest	48.91M	51.34M	66.68M	59.95M	69.63M
Total Equity	5.04B	6.5B	6.26B	6.72B	7.87B
Total Liabilities And Equity	16.06B	17.66B	18.87B	18.66B	20.68B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	238M	240M	238M	238M	237M
ECS Total Common Shares Outstanding	238M	240M	238M	238M	238M
Book Value / Share	20.96	26.91	26.07	27.97	32.79
Tangible Book Value	869M	2.29B	2.03B	2.77B	3.89B
Tangible Book Value Per Share	3.65	9.56	8.54	11.64	16.34
Total Debt	2.29B	2.3B	2.29B	2.57B	2.56B
Net Debt	1.48B	901M	1.05B	1.88B	1.53B
Debt Equivalent of Unfunded Proj. Benefit Obligation	208M	93.18M	-30.7M	-2.13M	-55.22M
Debt Equivalent Oper. Leases	229M	217M	208M	183M	181M
Minority Interest, Total (Incl. Fin. Div)	48.91M	51.34M	66.68M	59.95M	69.63M
Equity Method Investments, Total	1.93B	2.05B	2.19B	3.66B	3.98B
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	68.01M	69.35M	69.59M	72.94M	76.01M
Machinery, Total	357M	336M	353M	351M	372M
Full Time Employees	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	764M	979M	867M	1.15B	934M
Depreciation & Amortization - CF	51.32M	52.88M	50.81M	48.17M	42.09M
Amortization of Goodwill and Intangible Assets - (CF)	7.42M	12.5M	14.42M	15.84M	14.22M
Depreciation & Amortization, Total	58.74M	65.38M	65.24M	64.01M	56.31M
Amortization of Deferred Charges, Total - (CF)	61.19M	91.12M	116M	137M	142M
(Gain) Loss From Sale Of Asset	-	-	-	-221M	-
(Gain) Loss on Sale of Investments - (CF)	-30M	-	-	-173M	-
Asset Writedown & Restructuring Costs	57.84M	-49.96M	-8.38M	46.55M	-28.32M
(Income) Loss On Equity Investments - (CF)	-71.33M	-102M	-106M	-84.91M	-82.8M
Other Operating Activities, Total	-131M	-1.42M	-193M	-117M	-37.79M
Change in Other Net Operating Assets	26.77M	-38.34M	-3.68M	37.14M	170M
Cash from Operations	737M	944M	738M	837M	1.15B
Capital Expenditure	-38.99M	-10.64M	-37.67M	-28.76M	-31.28M
Cash Acquisitions	-176M	-	-	-	-
Divestitures	30M	-	-	555M	-
Sale (Purchase) of Intangible assets	-68.81M	-75.28M	-107M	-125M	-87.37M
Investment in Marketable and Equity Securities, Total	40.22M	216M	-30.44M	-1.47B	9.08M
Net (Increase) Decrease in Loans Originated / Sold - Investing	887M	969M	310M	-89.71M	-364M
Cash from Investing	673M	1.1B	135M	-1.16B	-474M
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	-25.58M	-23.02M	-25.59M	-24.14M	-25.06M
Total Debt Repaid	-25.58M	-23.02M	-25.59M	-574M	-25.06M
Issuance of Common Stock	498K	55.9M	42.55M	16.88M	110M
Repurchase of Common Stock	-	-	-116M	-	-122M
Repurchase of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-536M	-537M	-537M	-535M	-534M
Preferred Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-536M	-537M	-537M	-535M	-534M
Other Financing Activities, Total	-797M	-1.02B	-456M	38.94M	258M
Cash from Financing	-1.36B	-1.52B	-1.09B	-204M	-313M
Net Change in Cash	51.58M	521M	-220M	-528M	366M
Supplemental Items
Cash Interest Paid	256M	221M	202M	276M	303M
Cash Income Tax Paid (Refund)	172M	154M	331M	223M	194M
Levered Free Cash Flow	3.67B	4.28B	4.16B	5.95B	5.25B
Unlevered Free Cash Flow	3.83B	4.43B	4.29B	6.11B	5.44B
Change In Net Working Capital	-2.98B	-3.38B	-3.39B	-5.15B	-4.37B
Net Debt Issued / Repaid	-25.58M	-23.02M	-25.59M	276M	-25.06M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	5.16	5.53	4.58	4.71	4.8
Return on Total Capital	11.58	11.57	9.65	9.95	9.58
Return On Equity %	16.03	16.99	13.67	14.46	12.85
Return on Common Equity	16.1	17.11	13.72	14.55	12.91
Margin Analysis
Gross Profit Margin %	38.48	39.02	36.23	38.72	39.56
SG&A Margin	0.83	0.7	0.69	0.62	0.58
EBITDA Margin %	38.63	39.28	36.53	39.09	39.78
EBITA Margin %	37.87	38.65	35.92	38.53	39.35
EBIT Margin %	37.65	38.33	35.54	38.1	38.98
Income From Continuing Operations Margin %	22.16	25.18	23.15	25.1	24.18
Net Income Margin %	22.16	25.13	23.01	31.03	24.08
Net Avail. For Common Margin %	22.16	25.13	23.01	25.01	24.08
Normalized Net Income Margin	18.83	20.29	18.48	19.22	19.4
Levered Free Cash Flow Margin	106.31	109.99	110.33	160.63	135.38
Unlevered Free Cash Flow Margin	111	113.6	113.92	165.12	140.24
Asset Turnover
Asset Turnover	0.22	0.23	0.21	0.2	0.2
Fixed Assets Turnover	12.62	12.07	11.74	11.69	12.59
Receivables Turnover (Average Receivables)	7.33	8.57	9.08	8.94	11.39
Short Term Liquidity
Current Ratio	2.61	2.23	1.84	1.94	1.87
Quick Ratio	0.38	0.43	0.27	0.21	0.23
Operating Cash Flow to Current Liabilities	0.22	0.22	0.12	0.17	0.2
Days Sales Outstanding (Average Receivables)	49.95	42.57	40.21	40.82	32.14
Average Days Payable Outstanding	79.47	79.91	80.56	76.34	73.18
Long Term Solvency
Total Debt/Equity	45.41	35.37	36.63	38.26	32.54
Total Debt / Total Capital	31.23	26.13	26.81	27.67	24.55
LT Debt/Equity	44.86	34.88	36.12	37.82	32.16
Long-Term Debt / Total Capital	30.85	25.76	26.44	27.36	24.27
Total Liabilities / Total Assets	68.6	63.19	66.81	63.99	61.95
EBIT / Interest Expense	5.01	6.63	6.19	5.3	5.01
EBITDA / Interest Expense	5.24	6.92	6.49	5.54	5.2
(EBITDA - Capex) / Interest Expense	5.09	6.87	6.31	5.43	5.09
Total Debt / EBITDA	1.69	1.48	1.63	1.74	1.63
Net Debt / EBITDA	1.09	0.58	0.75	1.28	0.98
Total Debt / (EBITDA - Capex)	1.74	1.49	1.68	1.78	1.67
Net Debt / (EBITDA - Capex)	1.12	0.58	0.77	1.3	1
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	1.66	12.92	-3.25	6.91	4.72
Gross Profit, 1 Yr. Growth %	3.97	14.51	-10.17	6.42	7.01
EBITDA, 1 Yr. Growth %	3.91	14.81	-10.01	6.38	6.58
EBITA, 1 Yr. Growth %	4.06	15.24	-10.07	6.64	6.95
EBIT, 1 Yr. Growth %	4	14.94	-10.28	6.61	7.15
Earnings From Cont. Operations, 1 Yr. Growth %	2.09	28.29	-11.04	7.92	0.87
Net Income, 1 Yr. Growth %	2.06	28.07	-11.41	32.48	-18.75
Normalized Net Income, 1 Yr. Growth %	7.31	21.65	-11.87	3.65	5.68
Diluted EPS Before Extra, 1 Yr. Growth %	2.81	27.2	-11.03	8.38	1.29
Accounts Receivable, 1 Yr. Growth %	12.75	-12.89	-4.74	-9.02	-20.01
Net Property, Plant and Equip., 1 Yr. Growth %	51.96	-4.16	3.27	-5.92	0.7
Total Assets, 1 Yr. Growth %	4.36	9.95	6.87	-0.4	10.82
Tangible Book Value, 1 Yr. Growth %	42.8	163.58	-11.37	46.15	40.17
Common Equity, 1 Yr. Growth %	11	29.15	-3.93	9.85	17.12
Cash From Operations, 1 Yr. Growth %	3.45	28.1	-21.82	13.5	37.69
Capital Expenditures, 1 Yr. Growth %	107.26	-72.7	253.96	-23.65	8.75
Levered Free Cash Flow, 1 Yr. Growth %	235.31	310.13	361.38	-614.55	214.83
Unlevered Free Cash Flow, 1 Yr. Growth %	201.78	266.76	312.02	-698.88	196.56
Dividend Per Share, 1 Yr. Growth %	0	0	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	0.52	7.14	4.53	-2.51	5.81
Gross Profit, 2 Yr. CAGR %	-0.9	9.11	1.42	-2.89	6.71
EBITDA, 2 Yr. CAGR %	0.1	9.23	1.64	-2.75	6.48
EBITA, 2 Yr. CAGR %	0.23	9.51	1.8	-2.66	6.8
EBIT, 2 Yr. CAGR %	0.16	9.33	1.55	-2.8	6.88
Earnings From Cont. Operations, 2 Yr. CAGR %	-0.75	14.44	6.83	-2.66	4.34
Net Income, 2 Yr. CAGR %	-0.76	14.33	6.51	8.33	3.75
Normalized Net Income, 2 Yr. CAGR %	1.51	14.26	3.54	-5.11	4.66
Diluted EPS Before Extra, 2 Yr. CAGR %	0.43	14.35	6.38	-2.48	4.77
Accounts Receivable, 2 Yr. CAGR %	17.92	-0.9	-8.91	-6.9	-14.69
Net Property, Plant and Equip., 2 Yr. CAGR %	54.2	20.68	-0.52	-1.44	-2.67
Total Assets, 2 Yr. CAGR %	1.44	7.12	8.4	2.8	5.06
Tangible Book Value, 2 Yr. CAGR %	20.34	94.01	52.84	10.02	43.13
Common Equity, 2 Yr. CAGR %	5.92	19.73	11.39	1.62	13.43
Cash From Operations, 2 Yr. CAGR %	-3.14	15.11	0.07	-5.8	25.01
Capital Expenditures, 2 Yr. CAGR %	134.06	-24.79	-1.71	64.39	-8.88
Levered Free Cash Flow, 2 Yr. CAGR %	115.45	97.92	99.51	156.88	113.1
Unlevered Free Cash Flow, 2 Yr. CAGR %	98.81	86.75	88.64	142.21	130.79
Dividend Per Share, 2 Yr. CAGR %	0	0	0	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.57	4.49	3.56	2.38	-0.16
Gross Profit, 3 Yr. CAGR %	-1.18	3.99	2.26	2.59	0.3
EBITDA, 3 Yr. CAGR %	-0.66	4.78	2.39	2.79	0.27
EBITA, 3 Yr. CAGR %	-0.47	5	2.55	2.97	0.44
EBIT, 3 Yr. CAGR %	-0.53	4.86	2.36	2.78	0.41
Earnings From Cont. Operations, 3 Yr. CAGR %	7.78	8.12	5.22	6.72	-1.5
Net Income, 3 Yr. CAGR %	7.77	8.04	5.01	14.55	-1.57
Normalized Net Income, 3 Yr. CAGR %	-0.88	7.82	4.78	3.08	-1.64
Diluted EPS Before Extra, 3 Yr. CAGR %	8.66	8.66	5.18	6.55	-1.24
Accounts Receivable, 3 Yr. CAGR %	13.37	6.6	-2.2	-8.94	-11.49
Net Property, Plant and Equip., 3 Yr. CAGR %	29.88	31.6	14.57	-2.35	-0.73
Total Assets, 3 Yr. CAGR %	-0.89	4.2	7.03	5.13	5.41
Tangible Book Value, 3 Yr. CAGR %	1.54	56.28	49.42	47.21	19.27
Common Equity, 3 Yr. CAGR %	2.22	13.16	11.26	10.08	6.54
Cash From Operations, 3 Yr. CAGR %	3.1	6.32	1.18	4.36	6.9
Capital Expenditures, 3 Yr. CAGR %	33.07	14.36	26.04	-9.64	43.24
Levered Free Cash Flow, 3 Yr. CAGR %	56.15	75.69	56.07	78.56	79.92
Unlevered Free Cash Flow, 3 Yr. CAGR %	50.62	65.92	50.13	71.75	73.44
Dividend Per Share, 3 Yr. CAGR %	0	0	0	0	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.77	4.18	2.74	1.63	2.7
Gross Profit, 5 Yr. CAGR %	0.88	4.44	-0.15	1.18	3.74
EBITDA, 5 Yr. CAGR %	1.35	4.94	0.26	1.7	3.76
EBITA, 5 Yr. CAGR %	1.34	5.1	0.44	1.86	3.97
EBIT, 5 Yr. CAGR %	1.34	5.04	0.3	1.72	3.89
Earnings From Cont. Operations, 5 Yr. CAGR %	-0.41	4.71	7.4	3.67	4.59
Net Income, 5 Yr. CAGR %	-0.42	4.67	7.26	8.16	4.5
Normalized Net Income, 5 Yr. CAGR %	0.96	5.96	0.86	2.45	4.43
Diluted EPS Before Extra, 5 Yr. CAGR %	0.62	5.04	7.74	4.06	4.72
Accounts Receivable, 5 Yr. CAGR %	10.24	6.16	3.87	0.98	-7.4
Net Property, Plant and Equip., 5 Yr. CAGR %	18.62	14.39	16.74	17.23	7.34
Total Assets, 5 Yr. CAGR %	1.61	2.48	2.72	3.64	6.09
Tangible Book Value, 5 Yr. CAGR %	4.52	27.93	19.59	35.81	44.89
Common Equity, 5 Yr. CAGR %	1.76	7.01	5.8	8.39	11.64
Cash From Operations, 5 Yr. CAGR %	0.73	5.08	1.88	1.29	10.12
Capital Expenditures, 5 Yr. CAGR %	1.16	-24.12	17.88	32.22	10.7
Levered Free Cash Flow, 5 Yr. CAGR %	59.5	164.74	33.98	49.74	36.84
Unlevered Free Cash Flow, 5 Yr. CAGR %	50.53	91.68	30.82	44.55	33.78
Dividend Per Share, 5 Yr. CAGR %	0	0	0	0	0