Balance Sheet Power Corporation of Canada

Equities

POW

CA7392391016

Life & Health Insurance

Market Closed - Toronto S.E. Other stock markets 16:00:00 2026-05-14 EDT			5-day change	1st Jan Change
80.72 ^CAD	+1.94%		+2.41%	+10.65%

05-14	Power Corp of Canada Downgraded to Hold at TD	MT
05-14	Power Corp of Canada Price Target Raised to $86 at RBC	MT

49958e56ada1.ix-vo0mAl4pUkgK0ccYnkgZlIxGI1vISwYXu3hi80hs.4lrGzHDU5bo8pXbHH7cR214vG2LnhbNjsNadkXzdmSnEXfDTM9mg-TKgYQ

Published financial data: POWER CORPORATION OF CANADA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Premiums and Annuity Revenues	52.79B	52.8B	20.4B	21.21B	22.32B
Total Interest And Dividend Income	6.48B	8.48B	421M	4.47B	3.9B
Gain (Loss) on Sale of Investments, Total (Rev)	-1.21B	-24.18B	6.42B	1.83B	4.25B
Other Revenues, Total	11.52B	11.65B	5.36B	8.87B	8.29B
Total Revenues	69.59B	48.74B	32.6B	36.39B	38.77B
Policy Benefits	50.3B	29.66B	16.56B	17.12B	17.89B
Policy Acquisition / Underwriting Costs, Total	3.91B	3.92B	702M	748M	843M
Selling General & Admin Expenses, Total	9.58B	10.19B	11.1B	12.33B	13.8B
Provision For Loan Losses - (Ins. / REIT / Utility Templates)	-30M	-42M	9M	9M	17M
Other Operating Expenses	500M	-	62M	97M	213M
Total Operating Expenses	64.31B	43.82B	28.42B	30.28B	32.72B
Operating Income	5.28B	4.92B	4.18B	6.1B	6.04B
Interest Expense, Total	-576M	-644M	-737M	-786M	-804M
Income (Loss) on Equity Invest.	729M	-34M	615M	376M	462M
Other Non Operating Income (Expenses)	-23M	-32M	-29M	-26M	-45M
EBT, Excl. Unusual Items	5.41B	4.21B	4.03B	5.67B	5.66B
Restructuring Charges	-94M	-185M	-	-136M	-379M
Total Merger & Related Restructuring Charges	-	-	-	-	-
Asset Writedown	-	-	-111M	-	-
EBT, Incl. Unusual Items	5.32B	4.02B	3.92B	5.53B	5.28B
Income Tax Expense	643M	481M	263M	929M	878M
Earnings From Continuing Operations	4.67B	3.54B	3.66B	4.6B	4.4B
Earnings Of Discontinued Operations	-	-	-124M	-71M	-
Net Income to Company	4.67B	3.54B	3.54B	4.53B	4.4B
Minority Interest	-1.7B	-1.58B	-1.29B	-1.74B	-1.77B
Net Income - (IS)	2.97B	1.96B	2.25B	2.8B	2.63B
Preferred Dividend and Other Adjustments	52M	52M	52M	52M	55M
Net Income to Common Incl Extra Items	2.92B	1.91B	2.2B	2.74B	2.57B
Net Income to Common Excl. Extra Items	2.92B	1.91B	2.32B	2.81B	2.57B
Per Share Items
Net EPS - Basic	4.31	2.85	3.32	4.23	4.01
Basic EPS - Continuing Operations	4.31	2.85	3.5	4.34	4.01
Basic Weighted Average Shares Outstanding	677M	671M	662M	648M	641M
Net EPS - Diluted	4.27	2.8	3.3	4.19	3.94
Diluted EPS - Continuing Operations	4.27	2.8	3.49	4.3	3.94
Diluted Weighted Average Shares Outstanding	682M	674M	663M	652M	646M
Normalized Basic EPS	2.48	1.57	1.86	2.79	2.75
Normalized Diluted EPS	2.46	1.56	1.86	2.77	2.73
Dividend Per Share	1.79	1.98	2.07	2.21	2.4
Payout Ratio	42.54	70.38	63.46	53.27	60.64
Supplemental Items
EBITDA	5.94B	5.68B	4.91B	6.92B	6.95B
EBITA	5.74B	5.41B	4.69B	6.66B	6.64B
EBIT	5.28B	4.92B	4.18B	6.1B	6.04B
Total Revenues (As Reported)	69.56B	-	-	-	-
Effective Tax Rate - (Ratio)	12.1	11.95	6.71	16.8	16.64
Total Current Taxes	375M	679M	748M	1.17B	1.12B
Total Deferred Taxes	268M	-198M	-485M	-240M	-239M
Normalized Net Income	1.68B	1.05B	1.23B	1.81B	1.76B
Interest on Long-Term Debt	64M	100M	93M	100M	73M
Non-Cash Pension Expense	-12M	23M	7M	21M	-1M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	99M	107M	100M	289M	524M
Total Stock-Based Compensation	99M	107M	100M	289M	524M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Investment In Debt Securities	37.28B	46.18B	12.12B	14.13B	13.64B
Investment In Equity and Preferred Securities, Total	8.77B	7.67B	8.56B	9.72B	9.18B
Trading Asset Securities, Total	120B	131B	165B	176B	187B
Real Estate Owned	7.76B	8.34B	7.87B	8.35B	8.49B
Mortgage Loans	34.27B	44.66B	43.57B	44.66B	44.04B
Policy Loans	8.32B	8.82B	-	-	-
Total Other Investments	-	-	-	-	-
Total investments	216B	247B	237B	253B	262B
Cash And Equivalents	8.16B	8.87B	9.14B	12.55B	13.5B
Reinsurance Recoverable - (IS)	21.14B	25.02B	24.6B	24.74B	23.08B
Other Receivables - (Insurance Template)	7.56B	8.43B	7.8B	9.73B	9.63B
Deferred Policy Acquisition Costs - (BS)	945M	1.04B	1.31B	1.48B	1.65B
Separate Account Assets	357B	388B	423B	496B	551B
Gross Property Plant And Equipment	5.78B	6.84B	7.67B	9.11B	9.73B
Accumulated Depreciation	-2.1B	-2.43B	-2.59B	-2.84B	-3.19B
Net Property Plant And Equipment	3.69B	4.41B	5.08B	6.27B	6.54B
Goodwill	12.97B	14.61B	14.63B	14.68B	14.66B
Other Intangibles, Total	7.61B	8.3B	6.69B	6.97B	7.03B
Restricted Cash	1.34B	981M	793M	1.2B	869M
Other Current Assets, Total	5B	8.44B	15.26B	19.26B	29.8B
Deferred Tax Assets Long-Term (Collected)	1.13B	1.19B	1.89B	2.18B	2.41B
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	18.68B	17.61B	2.51B	3.05B	3.27B
Total Assets	662B	734B	749B	851B	926B
Liabilities
Accounts Payable, Total	3.84B	4.11B	3.95B	5.95B	5.25B
Insurance And Annuity Liabilities	210B	236B	146B	159B	166B
Reinsurance Payable - (BS)	1.54B	8.25B	648M	795M	919M
Current Portion of Long-Term Debt	1.16B	1.67B	937M	1.57B	1.87B
Current Portion of Leases	135M	134M	117M	132M	121M
Short-Term Borrowings	665M	561M	734M	1.2B	5.04B
Long-Term Debt	16.66B	17.87B	18.38B	23.21B	22.5B
Long-Term Leases	751M	782M	623M	704M	685M
Trust Preferred Securities (BS)	157M	157M	156M	155M	154M
Separate Account Liability	357B	388B	423B	496B	551B
Current Income Taxes Payable	311M	160M	154M	345M	533M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	525M	545M	2.93B	2.34B	2.42B
Unearned Revenue Non Current	314M	293M	256M	264M	284M
Pension & Other Post Retirement Benefits	1.52B	928M	979M	893M	866M
Deferred Tax Liability Non-Current	1.59B	1.52B	1.22B	1.25B	1.42B
Other Non Current Liabilities	21.01B	29.09B	108B	114B	122B
Total Liabilities	618B	690B	708B	807B	881B
Preferred Stock Redeemable	954M	950M	950M	950M	1.35B
Total Preferred Equity	954M	950M	950M	950M	1.35B
Common Stock, Total	9.6B	9.49B	9.28B	9.24B	9.16B
Retained Earnings	10.81B	11.1B	10B	11.36B	11.67B
Comprehensive Income and Other	2.98B	2.48B	1.9B	2.33B	2.25B
Total Common Equity	23.38B	23.07B	21.19B	22.93B	23.08B
Minority Interest	19.39B	20.08B	19.12B	20.11B	20.62B
Total Equity	43.73B	44.1B	41.26B	43.99B	45.05B
Total Liabilities And Equity	662B	734B	749B	851B	926B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	674M	666M	650M	642M	633M
ECS Total Common Shares Outstanding	677M	667M	652M	645M	636M
Book Value / Share	34.56	34.58	32.49	35.56	36.31
Tangible Book Value	2.81B	166M	-127M	1.28B	1.39B
Tangible Book Value Per Share	4.15	0.25	-0.19	1.98	2.19
Total Debt	19.53B	21.17B	20.94B	26.97B	30.37B
Net Debt	11.37B	12.31B	11.8B	14.42B	16.87B
Debt Equivalent of Unfunded Proj. Benefit Obligation	700M	-246M	41M	-186M	-337M
Minority Interest, Total (Incl. Fin. Div)	19.39B	20.08B	19.12B	20.11B	20.62B
Equity Method Investments, Total	7.42B	6.52B	8.15B	8.8B	8.14B
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	2.97B	1.96B	2.25B	2.8B	2.63B
Depreciation, Depletion & Amortization	318M	382M	325M	370M	414M
Amortization of Goodwill and Intangible Assets - (CF)	460M	489M	506M	559M	595M
Total Depreciation, Depletion & Amortization	778M	871M	831M	929M	1.01B
Amortization of Deferred Charges, Total	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	2.34B	23.24B	-6.42B	-1.43B	-6.13B
Total Asset Writedown	-615M	41M	507M	154M	137M
Provision for Credit Losses	130M	638M	-750M	-601M	1.75B
Change in Accounts Receivable	-	-	-480M	38M	-371M
Reinsurance Recoverable - (CF)	1.92B	3.83B	5M	586M	663M
Reinsurance Payable - (CF)	-	-	170M	115M	120M
Change in insurance Reserves / Liabilities	1.82B	-23.27B	9.32B	5.64B	5.02B
Change in Other Net Operating Assets (Collected)	845M	-294M	-4.56B	-5.54B	3.13B
Other Operating Activities	872M	487M	5.07B	3.27B	-3.18B
Cash from Operations	11.05B	7.5B	5.93B	5.95B	4.78B
Capital Expenditure	-566M	-804M	-1.17B	-874M	-625M
Cash Acquisitions	-520M	-2.24B	-253M	-447M	-67M
Divestitures	-	-	-	-	-
Sale (Purchase) of Real Estate Properties (Collected)	-930M	-655M	-	-	-
Investment in Marketable and Equity Securities, Total	-8.24B	-342M	-1.2B	-228M	344M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-326M	-2.46B	-	-	-
Other Investing Activities, Total	-	-	-	-211M	-
Cash from Investing	-10.58B	-6.5B	-2.62B	-1.76B	-348M
Long-Term Debt Issued, Total	2.06B	3.58B	3.73B	2.71B	2.74B
Total Debt Issued	2.06B	3.58B	3.73B	2.71B	2.74B
Long-Term Debt Repaid, Total	-3.92B	-2.36B	-4B	-1.92B	-3.33B
Total Debt Repaid	-3.92B	-2.36B	-4B	-1.92B	-3.33B
Issuance of Common Stock	96M	47M	38M	103M	104M
Repurchase of Common Stock	-153M	-415M	-583M	-430M	-711M
Issuance of Preferred Stock	-	-	-	-	400M
Repurchase of Preferred Stock	-2M	-4M	-	-	-
Common Dividends Paid	-1.21B	-1.33B	-1.37B	-1.44B	-1.54B
Preferred Dividends Paid	-52M	-52M	-52M	-52M	-52M
Common & Preferred Stock Dividends Paid	-1.26B	-1.38B	-1.43B	-1.49B	-1.59B
Other Financing Activities, Total	2.22B	-422M	-560M	-293M	-1.28B
Cash from Financing	-962M	-948M	-2.8B	-1.32B	-3.67B
Foreign Exchange Rate Adjustments	-43M	283M	-45M	561M	-139M
Net Change in Cash	-531M	339M	464M	3.43B	622M
Supplemental Items
Cash Interest Paid	702M	734M	965M	1.22B	1.32B
Cash Income Tax Paid (Refund)	519M	711M	720M	906M	1.1B
Net Debt Issued / Repaid	-1.86B	1.23B	-272M	788M	-587M
Levered Free Cash Flow	-862M	-9.74B	-5.35B	-13.33B	-14.03B
Unlevered Free Cash Flow	-502M	-9.33B	-4.89B	-12.83B	-13.52B
Change In Net Working Capital	4.11B	12.58B	7.26B	16.99B	18.21B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.51	0.44	0.36	0.48	0.42
Return on Total Capital	5.34	4.78	4.22	5.58	5.11
Return On Equity %	11.33	8.07	8.94	10.79	9.88
Return on Common Equity	13.07	8.24	11.01	12.76	11.18
Margin Analysis
Gross Profit Margin %	22.07	31	47.08	50.91	51.73
SG&A Margin	13.76	20.91	34.06	33.88	35.6
EBITDA Margin %	8.54	11.64	15.07	19.03	17.92
EBITA Margin %	8.25	11.1	14.39	18.31	17.12
EBIT Margin %	7.59	10.09	12.83	16.77	15.59
Income From Continuing Operations Margin %	6.71	7.27	11.22	12.64	11.34
Net Income Margin %	4.27	4.03	6.89	7.68	6.78
Net Avail. For Common Margin %	4.19	3.93	7.11	7.73	6.63
Normalized Net Income Margin	2.41	2.16	3.78	4.96	4.55
Levered Free Cash Flow Margin	-1.24	-19.98	-16.41	-36.62	-36.18
Unlevered Free Cash Flow Margin	-0.72	-19.15	-15	-35.27	-34.89
Asset Turnover
Asset Turnover	0.11	0.07	0.04	0.05	0.04
Fixed Assets Turnover	20.16	12.04	6.87	6.41	6.05
Receivables Turnover (Average Receivables)	8.75	8.53	17.85	21.53	18.97
Short Term Liquidity
Current Ratio	19.91	11.85	23.46	19.74	16.32
Quick Ratio	16.55	9.62	19.17	16.08	13
Operating Cash Flow to Current Liabilities	1.35	0.49	0.63	0.48	0.3
Days Sales Outstanding (Average Receivables)	41.74	42.81	20.45	17	19.24
Average Days Payable Outstanding	34.38	96.28	93.25	116.3	112.94
Long Term Solvency
Total Debt/Equity	44.66	48.01	50.75	61.31	67.41
Total Debt / Total Capital	30.87	32.44	33.67	38.01	40.27
LT Debt/Equity	40.19	42.64	46.42	54.72	51.82
Long-Term Debt / Total Capital	27.78	28.81	30.79	33.92	30.95
Total Liabilities / Total Assets	93.39	93.99	94.49	94.83	95.13
EBIT / Interest Expense	9.17	7.64	5.68	7.76	7.51
EBITDA / Interest Expense	10.52	8.99	6.8	8.95	8.77
(EBITDA - Capex) / Interest Expense	9.53	7.74	5.22	7.83	7.99
Total Debt / EBITDA	3.22	3.66	4.18	3.84	4.31
Net Debt / EBITDA	1.88	2.13	2.35	2.05	2.39
Total Debt / (EBITDA - Capex)	3.56	4.25	5.45	4.38	4.73
Net Debt / (EBITDA - Capex)	2.07	2.47	3.07	2.34	2.63
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	7.67	-29.97	3.22	11.62	6.54
Gross Profit, 1 Yr. Growth %	21.01	-1.61	3.68	20.69	8.25
EBITDA, 1 Yr. Growth %	24.69	-4.54	-15.63	31.96	0.33
EBITA, 1 Yr. Growth %	26.24	-5.78	-15.57	32.53	-0.36
EBIT, 1 Yr. Growth %	25.27	-6.84	-17.72	35	-0.98
Earnings From Cont. Operations, 1 Yr. Growth %	32.23	-24.18	-1.32	25.74	-4.41
Net Income, 1 Yr. Growth %	45.11	-33.82	0	24.39	-6.01
Normalized Net Income, 1 Yr. Growth %	85.18	-37.24	-5.75	25.21	-2.37
Diluted EPS Before Extra, 1 Yr. Growth %	38.68	-34.33	6.64	23.19	-8.38
Net Property, Plant and Equip., 1 Yr. Growth %	14.58	19.61	15.26	23.36	4.39
Accounts Receivable, 1 Yr. Growth %	2	9.98	4.65	0	31.68
Total Assets, 1 Yr. Growth %	5.17	10.88	6.4	13.59	8.74
Common Equity, 1 Yr. Growth %	10.04	-1.34	1.28	8.2	0.66
Tangible Book Value, 1 Yr. Growth %	178.49	-94.09	-93.67	-1.11K	8.68
Cash From Operations, 1 Yr. Growth %	9.42	-32.13	39.47	0.32	-18.86
Capital Expenditures, 1 Yr. Growth %	45.88	42.05	45.65	-32.56	-28.49
Levered Free Cash Flow, 1 Yr. Growth %	-95.84	1.03K	-88.58	224.72	-4.35
Unlevered Free Cash Flow, 1 Yr. Growth %	-97.54	1.76K	-89.47	252.3	-4.58
Dividend Per Share, 1 Yr. Growth %	2.43	10.61	4.55	6.88	8.47
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	19.31	-13.16	-31.56	7.33	9.05
Gross Profit, 2 Yr. CAGR %	11.87	9.12	-0.02	11.86	14.3
EBITDA, 2 Yr. CAGR %	15.16	9.1	-9.1	9.06	15.06
EBITA, 2 Yr. CAGR %	15.5	9.06	-9.61	9.5	14.91
EBIT, 2 Yr. CAGR %	14.98	8.03	-10.98	9.54	15.62
Earnings From Cont. Operations, 2 Yr. CAGR %	23.92	0.13	-11.51	11.39	9.63
Net Income, 2 Yr. CAGR %	59.98	-2	-13	11.53	8.13
Normalized Net Income, 2 Yr. CAGR %	103.32	7.8	-14.27	17.52	10.56
Diluted EPS Before Extra, 2 Yr. CAGR %	29.93	-4.57	-9.61	14.62	6.24
Net Property, Plant and Equip., 2 Yr. CAGR %	9.7	17.07	17.42	19.24	13.48
Accounts Receivable, 2 Yr. CAGR %	3.78	5.91	-58.25	2.3	14.75
Total Assets, 2 Yr. CAGR %	17.74	7.99	6.43	9.94	11.14
Common Equity, 2 Yr. CAGR %	33.03	4.19	-4.8	4.68	4.36
Tangible Book Value, 2 Yr. CAGR %	-2.45	-59.44	-78.74	-20.17	230.83
Cash From Operations, 2 Yr. CAGR %	29.2	-13.82	-26.73	18.29	-10.24
Capital Expenditures, 2 Yr. CAGR %	-	43.95	43.84	4.26	-30.56
Levered Free Cash Flow, 2 Yr. CAGR %	-73	-31.45	149.14	-46.66	84.89
Unlevered Free Cash Flow, 2 Yr. CAGR %	-79.1	-32.34	212.11	-47.43	92.68
Dividend Per Share, 2 Yr. CAGR %	5.87	6.44	7.54	5.71	7.68
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	13.1	-0.11	-20.4	-19.44	7.07
Gross Profit, 3 Yr. CAGR %	7.05	7.18	6.55	6.45	10.65
EBITDA, 3 Yr. CAGR %	6.41	8.18	1	5.22	6.07
EBITA, 3 Yr. CAGR %	6.6	7.92	1.04	5.09	6.11
EBIT, 3 Yr. CAGR %	5.86	7.19	-0.25	4.94	5.92
Earnings From Cont. Operations, 3 Yr. CAGR %	10.46	5.2	1.17	-0.52	5.85
Net Income, 3 Yr. CAGR %	30.4	19.21	3.17	-1.99	5.35
Normalized Net Income, 3 Yr. CAGR %	53.07	37.41	10.82	2.5	10.47
Diluted EPS Before Extra, 3 Yr. CAGR %	15.71	3.5	4.26	0.22	6.37
Net Property, Plant and Equip., 3 Yr. CAGR %	25.45	12.91	16.46	19.37	14.07
Accounts Receivable, 3 Yr. CAGR %	6.81	5.81	-43.77	-44.14	11.28
Total Assets, 3 Yr. CAGR %	13.52	15.41	6.01	8.77	9.54
Common Equity, 3 Yr. CAGR %	18.21	20.41	-0.09	-0.65	3.32
Tangible Book Value, 3 Yr. CAGR %	11.01	-61.69	-49.88	-23.08	-11.52
Cash From Operations, 3 Yr. CAGR %	15.81	4.25	-16.25	-18.64	3.96
Capital Expenditures, 3 Yr. CAGR %	-	-	44.51	15.58	-8.05
Levered Free Cash Flow, 3 Yr. CAGR %	-36.86	-6.26	-36.32	149.11	-33.09
Unlevered Free Cash Flow, 3 Yr. CAGR %	-48.57	-6.7	-37.87	194.59	-33.71
Dividend Per Share, 3 Yr. CAGR %	5.96	7.43	5.81	7.32	6.62
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.5	-1.05	-7.49	-5.74	-9.72
Gross Profit, 5 Yr. CAGR %	4.23	4.7	4.16	8.59	9.58
EBITDA, 5 Yr. CAGR %	3.92	3.67	-0.09	9.09	7.82
EBITA, 5 Yr. CAGR %	3.89	3.38	-0.21	9.13	7.86
EBIT, 5 Yr. CAGR %	3.13	2.61	-1.23	8.85	7.47
Earnings From Cont. Operations, 5 Yr. CAGR %	7.45	3.15	1.08	8.62	4.47
Net Income, 5 Yr. CAGR %	21.23	7.99	10.91	19.23	5.13
Normalized Net Income, 5 Yr. CAGR %	39.58	5.1	21.39	34.8	14.25
Diluted EPS Before Extra, 5 Yr. CAGR %	12.94	0.32	4.83	11.19	5.04
Net Property, Plant and Equip., 5 Yr. CAGR %	17.2	20.52	22.17	15.4	15.26
Accounts Receivable, 5 Yr. CAGR %	5.88	6.13	-26.65	-28.43	-25.2
Total Assets, 5 Yr. CAGR %	9.37	10.49	10.63	12.27	8.03
Common Equity, 5 Yr. CAGR %	12.64	11.07	8.41	11.65	1.67
Tangible Book Value, 5 Yr. CAGR %	5.67	-38.94	-42.69	-15.41	6.62
Cash From Operations, 5 Yr. CAGR %	10.39	1.71	-3.57	-2.11	-13.9
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	10
Levered Free Cash Flow, 5 Yr. CAGR %	1.63	44.23	9.33	2.42	-7.5
Unlevered Free Cash Flow, 5 Yr. CAGR %	-0.39	38.12	5.79	2.23	-7.88
Dividend Per Share, 5 Yr. CAGR %	6.34	7.02	6.59	6.74	6.55