Power Corporation of Canada (TSX:POW)

TSX:POW Income Statement

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

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

Updated Mar 19, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.