Converge Technology Solutions Corp. (TSX:CTS)

TSX:CTS Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-177.71	-1.45	27.28	15.95	-4.18
Depreciation & Amortization	98.76	115.56	78.65	39.49	26.99
Other Amortization	1.7	4.43	1.42	0.1	0.06
Loss (Gain) From Sale of Assets	0.09	-0.26	-	-	-
Asset Writedown & Restructuring Costs	176.12	-	-	-	-
Loss (Gain) on Equity Investments	25.93	-	-	-	-
Stock-Based Compensation	5.86	3.69	5.59	2.33	-
Other Operating Activities	-9.83	16.83	-14.89	21.57	22.47
Change in Accounts Receivable	-261.92	-98.25	-125.84	37.05	-117.27
Change in Inventory	14.4	81.76	38.15	-56.55	-10.89
Change in Accounts Payable	368.86	111.33	33.17	25.8	123.62
Change in Unearned Revenue	21.31	2.65	-2.44	5.38	7.53
Change in Income Taxes	-	-	-	-5.04	-2.63
Change in Other Net Operating Assets	5.83	-6.74	0.5	0.99	5.89
Operating Cash Flow	269.38	229.54	41.59	87.07	51.61
Operating Cash Flow Growth	17.36%	451.97%	-52.24%	68.71%	112.98%

Investing Activities

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Capital Expenditures	-1.44	-10.83	-23.94	-6.31	-4.99
Sale of Property, Plant & Equipment	-	3.76	0.3	0.19	0.09
Cash Acquisitions	-37.67	-65.89	-439.78	-271.68	-61.69
Other Investing Activities	-	-30.97	-	-	-
Investing Cash Flow	-39.12	-103.93	-463.43	-277.8	-66.59

Financing Activities

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-Term Debt Issued	-	-	404.64	-	-
Total Debt Issued	-	-	404.64	-	-
Long-Term Debt Repaid	-159.65	-61.26	-12.53	-149.96	-36.19
Net Debt Issued (Repaid)	-159.65	-61.26	392.11	-149.96	-36.19
Issuance of Common Stock	0.88	-	-	493.88	103.6
Repurchase of Common Stock	-71.51	-17.39	-40	-	-2.13
Common Dividends Paid	-10.78	-6.16	-1.08	-	-
Other Financing Activities	-23.77	-28.49	-14.72	27.46	-6.74
Financing Cash Flow	-264.82	-113.3	336.31	371.38	58.54

Net Cash Flow

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Foreign Exchange Rate Adjustments	7.95	-1.79	-2.77	2.78	0.63
Miscellaneous Cash Flow Adjustments	-1.07	-	-	-	-
Net Cash Flow	-27.69	10.53	-88.3	183.43	44.18

Free Cash Flow

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Free Cash Flow	267.94	218.71	17.64	80.76	46.61
Free Cash Flow Growth	22.51%	1139.58%	-78.15%	73.24%	107.84%
Free Cash Flow Margin	10.34%	8.09%	0.81%	6.07%	4.91%
Free Cash Flow Per Share	1.35	1.06	0.08	0.43	0.45
Levered Free Cash Flow	285.72	143.15	65.53	96.73	33.34
Unlevered Free Cash Flow	301.59	166.04	77.94	101.04	43.31

Additional Metrics

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash Interest Paid	23.77	33.72	10.31	5.74	14.86
Cash Income Tax Paid	29.78	19.13	20.71	-	-

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2024

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Apr 23, 2025

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