Canadian Imperial Bank of Commerce (CM)

CM Income Statement

Financials in millions CAD. Fiscal year is November - October.

Year	2023	2022	2021	2020	2019
Revenue	23,323	21,833	20,015	18,741	18,611
Revenue Growth (YoY)	6.82%	9.08%	6.80%	0.70%	4.36%
Gross Profit	23,323	21,833	20,015	18,741	18,611
Selling, General & Admin	10,566	10,101	8,994	8,672	8,185
Other Operating Expenses	5,793	3,759	2,699	5,179	3,957
Operating Expenses	16,359	13,860	11,693	13,851	12,142
Operating Income	6,964	7,973	8,322	4,890	6,469
Other Expense / Income	38	23	17	2	25
Pretax Income	6,926	7,950	8,305	4,888	6,444
Income Tax	1,931	1,730	1,876	1,098	1,348
Net Income	4,995	6,220	6,429	3,790	5,096
Preferred Dividends	267	171	158	122	111
Net Income Common	4,728	6,049	6,271	3,668	4,985
Net Income Growth	-21.84%	-3.54%	70.97%	-26.42%	-3.73%
Shares Outstanding (Basic)	924	905	894	891	886
Shares Change	2.14%	1.21%	0.36%	0.57%	0.80%
EPS (Basic)	5.16	6.70	6.98	4.12	5.61
EPS (Diluted)	5.16	6.68	6.96	4.11	5.59
EPS Growth	-22.75%	-4.02%	69.34%	-26.54%	-3.95%
Free Cash Flow	11,140	21,606	-4,171	59,986	18,363
Free Cash Flow Per Share	12.06	23.88	-4.67	67.35	20.73
Dividend Per Share	2.545	2.521	2.319	3.274	2.620
Dividend Growth	0.95%	8.71%	-29.17%	24.96%	27.62%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	29.86%	36.52%	41.58%	26.09%	34.76%
Profit Margin	20.27%	27.71%	31.33%	19.57%	26.79%
Free Cash Flow Margin	47.76%	98.96%	-20.84%	320.08%	98.67%
Effective Tax Rate	27.88%	21.76%	22.59%	22.46%	20.92%
EBITDA	8,069	8,997	9,322	6,199	7,282
EBITDA Margin	34.60%	41.21%	46.58%	33.08%	39.13%
Depreciation & Amortization	1,143	1,047	1,017	1,311	838
EBIT	6,926	7,950	8,305	4,888	6,444
EBIT Margin	29.70%	36.41%	41.49%	26.08%	34.62%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).