Constellation Software Inc. (CNSWF)

Constellation Software Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	706	767	62	551	169	436
Depreciation & Amortization	1,359	1,238	1,021	819	639	508
Other Adjustments	1,097	697	1,126	332	705	286
Changes in Income Taxes Payable	-527	-460	-394	-343	-257	-162
Changes in Other Operating Activities	-10	-45	-36	-60	45	117
Operating Cash Flow	2,623	2,196	1,779	1,297	1,300	1,186
Operating Cash Flow Growth	29.21%	23.44%	37.16%	-0.23%	9.61%	54.63%
Capital Expenditures	-72	-67	-42	-41	-29	-25
Purchases of Investments	-228	-8	-23	-97	-44	-4
Proceeds from Sale of Investments	14	7	119	6	13	-
Payments for Business Acquisitions	-1,409	-1,519	-1,695	-1,566	-1,216	-485
Proceeds from Business Divestments	-	-	-	-	33	-
Other Investing Activities	-234	19	2	5	5	2
Investing Cash Flow	-1,925	-1,567	-1,639	-1,694	-1,238	-512
Short-Term Debt Issued	123	73	27	91	30	-31
Net Short-Term Debt Issued (Repaid)	123	73	27	91	30	-31
Long-Term Debt Issued	513	803	912	798	176	-17
Long-Term Debt Repaid	-370	-289	-391	-196	-89	-72
Net Long-Term Debt Issued (Repaid)	143	514	521	602	87	-89
Common Dividends Paid	-84	-85	-85	-85	-85	-85
Preferred Share Dividends Paid	-	-	-	-7	-	-
Other Financing Activities	-215	-386	-145	-118	-74	-42
Financing Cash Flow	-37	114	316	483	-41	-247
Effect of Exchange Rate Changes on Cash and Cash Equivalents	39	-48	17	-39	-16	15
Net Cash Flow	701	696	473	48	5	442
Free Cash Flow	2,551	2,129	1,737	1,256	1,271	1,161
Free Cash Flow Growth	19.82%	22.57%	38.30%	-1.18%	9.47%	58.39%
FCF Margin	22.88%	21.15%	20.66%	18.97%	24.89%	29.25%
Free Cash Flow Per Share	-	100.46	81.97	59.27	59.98	54.79
Levered Free Cash Flow	1,948	2,020	1,158	1,618	683	754
Unlevered Free Cash Flow	2,414	1,776	822.23	1,043	790.15	961.49

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.