Constellation Software Inc. (TSX:CSU)
Canada · Delayed Price · Currency is CAD 3,163.56
+38.29 (1.23%)
Aug 28, 2026, 4:00 PM EST
Constellation Software Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 961 | 512 | 731 | 565 | 512 | 310 |
Depreciation & Amortization | 449 | 701 | 620 | 522 | 425 | 323 |
Other Amortization | 1,073 | 689 | 613 | 504 | 399 | 318 |
Asset Writedown & Restructuring Costs | 48 | 43 | 28 | 26 | 7 | 12 |
Loss (Gain) From Sale of Investments | 246 | 247 | - | -2 | 16 | -2 |
Loss (Gain) on Equity Investments | -21 | 1 | - | -5 | - | -1 |
Other Operating Activities | 160 | 545 | 249 | 205 | -2 | 295 |
Change in Accounts Receivable | -51 | 32 | -67 | -114 | -107 | -35 |
Change in Inventory | 13 | 8 | 6 | 4 | -9 | 1 |
Change in Accounts Payable | 25 | 80 | 109 | 151 | 73 | 80 |
Change in Unearned Revenue | 30 | -25 | 66 | 75 | 66 | 55 |
Change in Other Net Operating Assets | -87 | -101 | -159 | -152 | -83 | -56 |
Operating Cash Flow | 2,846 | 2,732 | 2,196 | 1,779 | 1,297 | 1,300 |
Operating Cash Flow Growth | 15.97% | 24.41% | 23.44% | 37.16% | -0.23% | 9.61% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -77 | -68 | -67 | -42 | -41 | -29 |
Cash Acquisitions | -2,228 | -1,340 | -1,519 | -1,695 | -1,566 | -1,183 |
Investment in Securities | -403 | -530 | -1 | 96 | -91 | -31 |
Other Investing Activities | 115 | 57 | 20 | 2 | 4 | 5 |
Investing Cash Flow | -2,593 | -1,881 | -1,567 | -1,639 | -1,694 | -1,238 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | - | 256 | 322 | - |
Long-Term Debt Issued | - | 816 | 1,454 | 683 | 567 | 206 |
Total Debt Issued | 1,046 | 816 | 1,454 | 939 | 889 | 206 |
Short-Term Debt Repaid | - | - | -578 | - | - | - |
Long-Term Debt Repaid | - | -377 | -289 | -391 | -196 | -111 |
Total Debt Repaid | -677 | -377 | -867 | -391 | -196 | -111 |
Net Debt Issued (Repaid) | 369 | 439 | 587 | 548 | 693 | 95 |
Common Dividends Paid | -85 | -85 | -85 | -85 | -85 | -85 |
Other Financing Activities | -217 | -198 | -388 | -147 | -125 | -51 |
Financing Cash Flow | 67 | 156 | 114 | 316 | 483 | -41 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -10 | 102 | -48 | 17 | -39 | -16 |
Miscellaneous Cash Flow Adjustments | 1 | - | 1 | - | 1 | - |
Net Cash Flow | 311 | 1,109 | 696 | 473 | 48 | 5 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 2,769 | 2,664 | 2,129 | 1,737 | 1,256 | 1,271 |
Free Cash Flow Growth | 16.39% | 25.13% | 22.57% | 38.30% | -1.18% | 9.47% |
Free Cash Flow Margin | 21.91% | 22.92% | 21.15% | 20.66% | 18.97% | 24.89% |
Free Cash Flow Per Share | 130.66 | 125.71 | 100.47 | 81.97 | 59.27 | 59.98 |
Levered Free Cash Flow | 2,795 | 2,641 | 1,309 | 2,548 | 1,468 | 1,260 |
Unlevered Free Cash Flow | 2,960 | 2,798 | 1,461 | 2,648 | 1,521 | 1,293 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 223 | 212 | 192 | 144 | 85 | 49 |
Cash Income Tax Paid | 582 | 556 | 460 | 394 | 343 | 257 |
Change in Working Capital | -70 | -6 | -45 | -36 | -60 | 45 |