FirstService Corporation (FSV)

FirstService 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	141.91	134.38	100.39	121.07	135.21	87.26
Depreciation & Amortization	179.05	165.27	127.93	110.14	98.97	98.38
Loss (Gain) From Sale of Assets	-	-	-4.35	-	-19.81	-
Stock-Based Compensation	25.31	25.31	21.39	18.97	15.76	-
Other Operating Activities	39.98	19.91	44.96	30.78	28.54	16.58
Change in Accounts Receivable	-54.49	-42.31	-93.82	-69.67	-86.94	8.91
Change in Inventory	-19.41	-19.41	22.24	-71.52	-15.51	-44.24
Change in Accounts Payable	24.34	14.22	-17.06	11.55	-10.36	13.71
Change in Unearned Revenue	-9.13	-9.13	39.96	3.82	18.08	13.06
Change in Income Taxes	6.29	6.29	10.82	-13.82	-4.78	4.64
Change in Other Net Operating Assets	33.98	-8.85	27.91	-35.42	8.13	93.46
Operating Cash Flow	367.81	285.67	280.36	105.89	167.27	291.77
Operating Cash Flow Growth	16.27%	1.90%	164.76%	-36.69%	-42.67%	170.63%
Capital Expenditures	-121.41	-112.8	-92.73	-77.61	-58.2	-39.42
Sale of Property, Plant & Equipment	-	-	7.35	-	-	-
Cash Acquisitions	-109.51	-212.25	-547.18	-51.99	-163.22	-98.56
Divestitures	-	-	-	-	15.78	-
Other Investing Activities	-6.33	1.34	-13.76	-31.2	-0.68	-4.29
Investing Cash Flow	-237.26	-323.7	-646.33	-160.8	-206.32	-142.26
Long-Term Debt Issued	-	367	587.85	150.16	130.48	25.28
Long-Term Debt Repaid	-	-263.42	-141	-70	-68.42	-204.57
Net Debt Issued (Repaid)	-87.98	103.58	446.85	80.16	62.06	-179.29
Issuance of Common Stock	58.35	58.35	33.62	12.3	21.58	161.52
Common Dividends Paid	-46.34	-43.83	-39.06	-34.88	-31.21	-27.45
Other Financing Activities	-60.62	-43.7	-27.46	-38.79	-28	-29.98
Financing Cash Flow	-136.58	74.41	413.95	18.78	24.43	-75.2
Foreign Exchange Rate Adjustments	-0.62	0.43	-0.45	1.2	-0.05	0.34
Net Cash Flow	-6.64	36.81	47.53	-34.92	-14.67	74.65
Free Cash Flow	246.4	172.88	187.63	28.28	109.07	252.35
Free Cash Flow Growth	15.41%	-7.86%	563.36%	-74.07%	-56.78%	312.47%
Free Cash Flow Margin	4.54%	3.31%	4.33%	0.76%	3.36%	9.10%
Free Cash Flow Per Share	5.41	3.82	4.19	0.64	2.46	5.84
Cash Interest Paid	77.39	77.39	49.72	23.69	14.63	22.31
Cash Income Tax Paid	82.31	82.31	64.65	55.11	60.09	49.03
Levered Free Cash Flow	207.09	142.91	123.32	40.08	76.08	205.8
Unlevered Free Cash Flow	258.17	194.7	152.92	55.83	86.1	221
Change in Net Working Capital	46.03	85.03	70.17	134.47	102.94	-41.84

Updated Jul 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q