Colliers International Group Inc. (CIGI)

CIGI Cash Flow Statement

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

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	117.1	161.73	65.54	46.25	-390.34	49.07
Depreciation & Amortization	254.67	221.6	202.54	177.42	145.09	125.91
Loss (Gain) From Sale of Assets	12.15	25.8	18.4	36.86	-6.54	3.81
Loss (Gain) on Equity Investments	-11.22	-7.27	-5.08	-6.68	-6.19	-2.92
Stock-Based Compensation	59.16	46.04	27.09	21.85	14.35	9.63
Provision & Write-off of Bad Debts	-	-	-	-	8.7	15.28
Other Operating Activities	46.94	-6.03	101.59	281.13	392.39	-14.31
Change in Accounts Receivable	-208.54	-209.95	-203.73	-469.06	-322.33	49.04
Change in Accounts Payable	-80.88	16.05	9.04	39.17	153.12	-13.9
Change in Other Net Operating Assets	127.73	-32.97	74.1	-224.17	191.17	114.58
Operating Cash Flow	288.75	326.01	165.66	67.03	288.98	166.48
Operating Cash Flow Growth	7.82%	96.79%	147.14%	-76.80%	73.58%	-46.43%
Capital Expenditures	-67.43	-65.09	-84.52	-67.68	-57.95	-40.35
Cash Acquisitions	-273.21	-517.18	-60.34	-1,007	-60.83	-205.61
Sale (Purchase) of Real Estate	-127.51	-242.81	-47.98	-23.46	-20.99	94.22
Investment in Securities	-23.21	-20.55	-4.54	-	-	-
Other Investing Activities	177.07	120.9	138.64	281.21	125.93	52.98
Investing Cash Flow	-381.77	-783.1	-133.98	-872.84	-49.41	-113.46
Long-Term Debt Issued	-	1,939	924.98	1,629	891.98	846.12
Long-Term Debt Repaid	-	-1,717	-832.93	-700.2	-819.91	-779.19
Net Debt Issued (Repaid)	200.61	221.57	92.05	929.04	72.06	66.94
Issuance of Common Stock	46.38	332.01	42.06	16.78	14.44	12.34
Repurchase of Common Stock	-	-	-	-165.73	-	-
Common Dividends Paid	-15.21	-14.67	-13.52	-13.1	-4.21	-3.99
Other Financing Activities	-121.76	-86.7	-128.39	-154.08	-63.69	-74.24
Financing Cash Flow	110.02	452.21	-7.81	612.92	18.6	1.05
Foreign Exchange Rate Adjustments	-4.15	3.79	-3.84	-33.33	-10.43	8.47
Net Cash Flow	12.85	-1.09	20.03	-226.23	247.74	62.54
Free Cash Flow	221.32	260.92	81.14	-0.65	231.03	126.13
Free Cash Flow Growth	11.68%	221.58%	-	-	83.17%	-52.68%
Free Cash Flow Margin	4.06%	5.41%	1.87%	-0.01%	5.65%	4.53%
Free Cash Flow Per Share	4.35	5.20	1.75	-0.01	5.38	3.14
Cash Interest Paid	89.93	89.93	96.2	49.71	28	29.15
Cash Income Tax Paid	70.35	70.35	118.18	138.27	116.87	46.49
Levered Free Cash Flow	524.67	414.68	-30.01	483.86	543.67	-133.95
Unlevered Free Cash Flow	577.14	468.29	28.79	514.23	563.55	-114.6
Change in Working Capital	-161.68	-226.86	-120.59	-654.07	21.96	149.72

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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