Guardian Capital Group Limited (TSX:GCG.A)

Guardian Capital Group Cash Flow Statement

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

Operating Activities

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	181.24	100.1	562.93	-43.08	184.24	42.36
Depreciation & Amortization	19.63	14.69	12.09	9.24	8.81	16.22
Other Amortization	2.94	2.94	3.34	2.89	2.06	1.96
Loss (Gain) From Sale of Assets	0.47	0.47	-621.65	-0.05	0	-1.99
Asset Writedown & Restructuring Costs	2.98	-	-	-	-	-
Loss (Gain) From Sale of Investments	-200.73	-82.51	-53.92	104.84	-139.87	1.5
Stock-Based Compensation	4.43	4.06	4.49	4.01	2.97	2.68
Other Operating Activities	33.17	17.79	165.86	-10.63	18.89	0.32
Change in Accounts Receivable	14.68	-	28.52	-1.57	-12.04	-39.33
Change in Accounts Payable	-3.94	29.77	16.62	12.49	34.15	11.92
Change in Other Net Operating Assets	26.96	5.96	-36.86	-4.04	-4.04	36.15
Operating Cash Flow	81.83	93.26	81.42	81.23	102.86	71.79
Operating Cash Flow Growth	11.55%	14.54%	0.24%	-21.03%	43.28%	46.18%

Investing Activities

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
Capital Expenditures	-0.91	-0.44	-0.93	-0.65	-0.73	-0.76
Cash Acquisitions	-17.14	-101.06	-	-10.08	-18.39	-48.78
Sale (Purchase) of Intangibles	-6.73	-3.1	1.39	-9.16	-11.14	-6.31
Investment in Securities	46.32	211.31	-617.63	1.02	17.62	41.94
Other Investing Activities	-101.13	-128.56	741.49	-26.64	-75.37	-23.59
Investing Cash Flow	-79.59	-21.85	124.33	-45.51	-88.01	-37.5

Financing Activities

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
Short-Term Debt Issued	-	-	12.6	19.76	0.81	-
Total Debt Issued	-4.2	-	12.6	19.76	0.81	-
Short-Term Debt Repaid	-	-12.21	-	-	-	-19.06
Long-Term Debt Repaid	-	-2	-0.99	-2.73	-2.62	-2.37
Total Debt Repaid	-21.71	-14.21	-0.99	-2.73	-2.62	-21.43
Net Debt Issued (Repaid)	-25.91	-14.21	11.62	17.03	-1.81	-21.43
Issuance of Common Stock	4.25	4.49	1.68	1.46	1.18	1.56
Repurchase of Common Stock	-17.04	-29.93	-45.83	-29.05	-28.48	-5.51
Common Dividends Paid	-37.2	-35.56	-31.62	-23.26	-18.53	-16.81
Other Financing Activities	96.68	52.25	-121.13	-20.8	49.53	15.53
Financing Cash Flow	20.78	-22.95	-185.28	-54.62	1.88	-26.66

Net Cash Flow

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
Foreign Exchange Rate Adjustments	3.42	3.15	3.04	0.54	-0.31	0.32
Net Cash Flow	26.44	51.61	23.5	-18.36	16.42	7.94

Free Cash Flow

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
Free Cash Flow	80.92	92.82	80.49	80.58	102.13	71.03
Free Cash Flow Growth	11.28%	15.32%	-0.11%	-21.10%	43.77%	47.84%
Free Cash Flow Margin	21.53%	28.70%	33.37%	40.09%	52.64%	32.92%
Free Cash Flow Per Share	3.31	3.74	3.15	3.30	3.80	2.62
Levered Free Cash Flow	116.01	51.85	250.82	-78.27	50.13	-10.02
Unlevered Free Cash Flow	121.48	58.32	256	-75.55	50.84	-8.77

Additional Metrics

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
Cash Income Tax Paid	3.36	3.25	10.47	12.88	42.31	18.01
Change in Working Capital	37.7	35.73	8.28	6.88	18.07	8.74

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2025

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:

Mar 21, 2026

Data Sources Report a data error