Power Corporation of Canada (PWCDF)

PWCDF Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	21,450	21,214	20,402	19,632	52,791	42,999
Total Interest & Dividend Income	2,863	4,470	421	25,470	6,485	5,862
Gain (Loss) on Sale of Investments	4,588	1,830	6,415	-31,240	-1,209	6,300
Other Revenue	7,875	8,872	5,361	17,721	11,524	9,471
Total Revenue	36,776	36,386	32,599	31,583	69,591	64,632
Revenue Growth (YoY)	9.13%	11.62%	3.22%	-54.62%	7.67%	32.20%
Policy Benefits	17,375	17,122	16,557	16,105	50,295	48,487
Policy Acquisition & Underwriting Costs	748	748	702	637	3,910	3,439
Selling, General & Administrative	12,859	12,462	11,103	9,658	10,076	7,995
Other Operating Expenses	97	97	62	61	-	480
Total Operating Expenses	31,070	30,420	28,415	26,498	64,311	60,417
Operating Income	5,706	5,966	4,184	5,085	5,280	4,215
Interest Expense	-803	-786	-737	-645	-576	-528
Earnings From Equity Investments	427	376	615	-34	729	170
Other Non Operating Income (Expenses)	-26	-26	-29	-27	-23	-27
EBT Excluding Unusual Items	5,304	5,530	4,033	4,379	5,410	3,830
Merger & Restructuring Charges	67	-	-	-	-94	-219
Asset Writedown	-	-	-111	-25	-	-
Pretax Income	5,371	5,530	3,922	4,354	5,316	3,611
Income Tax Expense	891	929	263	646	643	77
Earnings From Continuing Ops.	4,480	4,601	3,659	3,708	4,673	3,534
Earnings From Discontinued Ops.	-	-71	-124	-32	-	-
Net Income to Company	4,480	4,530	3,535	3,676	4,673	3,534
Minority Interest in Earnings	-1,705	-1,735	-1,288	-1,429	-1,704	-1,488
Net Income	2,775	2,795	2,247	2,247	2,969	2,046
Preferred Dividends & Other Adjustments	52	52	52	52	52	52
Net Income to Common	2,723	2,743	2,195	2,195	2,917	1,994
Net Income Growth	4.99%	24.39%	-	-24.32%	45.11%	76.38%
Shares Outstanding (Basic)	646	648	662	671	677	648
Shares Outstanding (Diluted)	650	652	663	674	682	648
Shares Change (YoY)	-1.40%	-1.67%	-1.54%	-1.19%	5.25%	47.89%
EPS (Basic)	4.21	4.23	3.32	3.27	4.31	3.08
EPS (Diluted)	4.16	4.19	3.30	3.22	4.27	3.08
EPS Growth	6.28%	26.87%	2.41%	-24.49%	38.68%	21.72%
Free Cash Flow	4,462	5,078	4,637	3,450	10,487	9,713
Free Cash Flow Per Share	6.86	7.79	6.99	5.12	15.39	15.00
Dividend Per Share	2.250	2.212	2.070	1.980	1.790	1.748
Dividend Growth	7.14%	6.88%	4.54%	10.62%	2.43%	9.42%
Operating Margin	15.52%	16.40%	12.83%	16.10%	7.59%	6.52%
Profit Margin	7.40%	7.54%	6.73%	6.95%	4.19%	3.08%
Free Cash Flow Margin	12.13%	13.96%	14.22%	10.92%	15.07%	15.03%
EBITDA	6,541	6,789	4,912	5,822	5,945	4,768
EBITDA Margin	17.79%	18.66%	15.07%	18.43%	8.54%	7.38%
D&A For EBITDA	835	823	728	737	665	553
EBIT	5,706	5,966	4,184	5,085	5,280	4,215
EBIT Margin	15.52%	16.40%	12.83%	16.10%	7.59%	6.52%
Effective Tax Rate	16.59%	16.80%	6.71%	14.84%	12.10%	2.13%
Revenue as Reported	-	-	-	-	-	64,616

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.