Converge Technology Solutions Corp. (TSX: CTS)

TSX: CTS Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	180.46	169.87	159.89	248.19	64.77	20.59
Cash & Short-Term Investments	180.46	169.87	159.89	248.19	64.77	20.59
Cash Growth	71.51%	6.24%	-35.58%	283.21%	214.56%	96.43%
Accounts Receivable	775.03	773.26	745.25	396.39	353.6	216.98
Other Receivables	-	40.97	36.43	20.11	10.71	3.16
Receivables	775.03	814.23	781.68	416.5	364.31	220.14
Inventory	71.75	73.17	158.43	104.25	37.87	23.38
Prepaid Expenses	34.11	26.53	23.05	11.76	10.38	15.23
Restricted Cash	-	0.55	5.23	-	-	7.85
Total Current Assets	1,061	1,084	1,128	780.71	477.32	287.18
Property, Plant & Equipment	66.62	75.49	88.35	30.64	23.56	27.43
Goodwill	385.02	564.77	563.85	323.28	110.07	80.27
Other Intangible Assets	272.65	375.18	463.75	233.59	108.93	92.05
Other Long-Term Assets	-	53.58	4.65	0.62	0.75	1.95
Total Assets	2,016	2,153	2,249	1,369	720.62	488.88
Accounts Payable	975.41	910.76	822.89	517.35	394.72	248.22
Accrued Expenses	0.89	1.21	-	-	-	-
Short-Term Debt	-	-	420.44	-	116.29	125.08
Current Portion of Long-Term Debt	25.75	1.7	1.29	0.82	17	28.78
Current Portion of Leases	15.52	16.93	15.8	6.86	7.57	6.71
Current Income Taxes Payable	-	9.29	7.11	13.98	0.76	0.66
Current Unearned Revenue	61.87	59.33	60.21	27.58	17.38	9.74
Other Current Liabilities	28.28	39.16	110.16	24.63	17.84	26.02
Total Current Liabilities	1,108	1,038	1,438	591.22	571.55	445.22
Long-Term Debt	282.59	379.64	1.65	0.41	5.88	14.57
Long-Term Leases	30.91	36.69	37.84	10.95	8.04	12.89
Long-Term Deferred Tax Liabilities	43.4	67.17	102.98	43.09	12.58	5.86
Other Long-Term Liabilities	191.75	19.35	37.69	74.35	20.82	20.22
Total Liabilities	1,656	1,541	1,618	720.01	618.87	498.76
Common Stock	557.29	599.43	595.02	633.49	135.35	20.61
Additional Paid-In Capital	15.35	10.97	7.92	2.33	-	0.31
Retained Earnings	-226.18	-28.17	-18.44	-25.05	-39.28	-37.88
Comprehensive Income & Other	13.01	3.96	15.41	2.73	5.67	7.09
Total Common Equity	359.47	586.2	599.91	613.49	101.75	-9.88
Minority Interest	-	25.96	30.9	35.34	-	-
Shareholders' Equity	359.47	612.16	630.81	648.83	101.75	-9.88
Total Liabilities & Equity	2,016	2,153	2,249	1,369	720.62	488.88
Total Debt	354.77	434.96	477.02	19.04	154.77	188.04
Net Cash (Debt)	-174.31	-265.09	-317.13	229.16	-90.01	-167.45
Net Cash Per Share	-0.87	-1.28	-1.47	1.22	-0.87	-2.16
Filing Date Shares Outstanding	193.07	203.41	208.81	214.9	143.58	92.15
Total Common Shares Outstanding	193.77	203.95	208.81	214.4	143.58	81.26
Working Capital	-46.37	45.98	-309.63	189.49	-94.23	-158.03
Book Value Per Share	1.86	2.87	2.87	2.86	0.71	-0.12
Tangible Book Value	-298.2	-353.75	-427.69	56.62	-117.25	-182.2
Tangible Book Value Per Share	-1.54	-1.73	-2.05	0.26	-0.82	-2.24
Land	-	3.44	6.96	0.58	-	-
Buildings	-	-	-	2.31	2.89	-
Machinery	-	52.75	48.85	24.87	16.16	14.65
Leasehold Improvements	-	-	-	0.93	0.63	0.52
Order Backlog	-	412	479	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.