CAE Inc. (CAE)

CAE Inc. Cash Flow Statement

Financials in millions CAD. Fiscal year is April - March.

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	271.6	313.1	405.3	-304	222.7	141.7
Depreciation & Amortization	386.4	371.9	345.1	368.7	281.6	259.5
Other Amortization	88.2	88.2	69.6	-	60.6	51
Asset Writedown & Restructuring Costs	88.9	58.8	7.1	625.3	-2.4	41.8
Loss (Gain) From Sale of Investments	-	-	-72.6	-	-	-
Loss (Gain) on Equity Investments	-79	-82.7	-88.3	-72.2	-53.2	-48.5
Stock-Based Compensation	30.1	36.7	25.2	14.8	6.1	6.4
Other Operating Activities	-5.4	43.6	8	-183.4	7.5	-56.2
Change in Accounts Receivable	0.5	0.5	153.5	142.3	-62.5	-15.1
Change in Inventory	135.8	135.8	-11	-76.3	-65.6	107.3
Change in Accounts Payable	-258.1	-258.1	54.1	11	21.8	-24.6
Change in Unearned Revenue	103.2	103.2	74.2	17.9	30	-2.2
Change in Income Taxes	-16.2	-16.2	-53.8	30.2	-13.2	-11.5
Change in Other Net Operating Assets	237.8	-2.9	-19.9	3	-25	-31.4
Operating Cash Flow	983.8	791.9	896.5	566.9	408.4	418.2
Operating Cash Flow Growth	4.00%	-11.67%	58.14%	38.81%	-2.34%	14.07%

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-183.7	-287.8	-356.2	-329.8	-298.9	-272.2
Sale of Property, Plant & Equipment	3.1	5.4	19.4	4	5.7	8.4
Cash Acquisitions	-	-	-308	-	-6.4	-1,884
Sale (Purchase) of Intangibles	-50.3	-73.7	-87.9	-147.9	-126.4	-90.6
Investment in Securities	44.1	48	9.7	-6.8	30	3.4
Other Investing Activities	-14.4	-11.2	-9.3	265.1	-4.7	-2.4
Investing Cash Flow	-201.2	-319.3	-732.3	-215.4	-400.7	-2,237

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Long-Term Debt Issued	-	89.5	331.5	433.5	75.7	773.7
Total Debt Issued	-63.4	89.5	331.5	433.5	75.7	773.7
Long-Term Debt Repaid	-	-340	-426.2	-836.6	-244.4	-221.6
Lease Payments	-71.3	-61.1	-59.9	-69.5	-83.4	-89.5
Total Debt Repaid	-264.1	-340	-426.2	-836.6	-244.4	-221.6
Net Debt Issued (Repaid)	-327.5	-250.5	-94.7	-403.1	-168.7	552.1
Issuance of Common Stock	47	46.3	67.1	7.8	16.3	696.1
Repurchase of Common Stock	-110.8	-7	-21.3	-	-	-
Other Financing Activities	-2.4	-1.5	-0.9	-	-0.2	7.4
Financing Cash Flow	-393.7	-212.7	-49.8	-395.3	-152.6	1,256

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Foreign Exchange Rate Adjustments	2.9	-1.2	19.2	-13.7	16.4	-16.7
Net Cash Flow	391.8	258.7	133.6	-57.5	-128.5	-580

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	800.1	504.1	540.3	237.1	109.5	146
Free Cash Flow Growth	46.83%	-6.70%	127.88%	116.53%	-25.00%	-43.63%
Free Cash Flow Margin	16.14%	10.26%	11.48%	5.54%	2.73%	4.33%
Free Cash Flow Per Share	2.48	1.56	1.69	0.74	0.34	0.47
Levered Free Cash Flow	765.25	389.79	541.85	293.96	106.55	203.23
Unlevered Free Cash Flow	868.44	506.35	663.04	406.59	201.11	273.85
Free Cash Flow After Leases	728.8	443	480.4	167.6	26.1	56.5

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	188.7	188.7	201.7	189.7	174.7	93.8
Cash Income Tax Paid	49.9	49.9	101.4	69.7	34.7	44.5
Change in Working Capital	203	-37.7	197.1	128.1	-114.5	22.5

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Nov 11, 2026

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:

Nov 12, 2026

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