CGI INC financial statements

Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data CGI INC files with the SEC in its annual reports.

In CAD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	10,845	11,507	12,111	12,164	12,127	12,867	14,296	14,676
Interest expense	73.5	76.8	82.2	120	110	95.2	94	90.9
Interest income	3.72	2.91	11.6	5.12	3.11	3.19	41.5	63
Pre-tax income	1,418	1,490	1,677	1,516	1,838	1,967	2,198	2,291
Income tax	383	349	414	398	469	501	567	598
Net income	1,035	1,141	1,263	1,118	1,369	1,466	1,631	1,693
EPS, basic	3.48	4.02	4.63	4.27	5.50	6.13	6.97	7.42
EPS, diluted	3.41	3.95	4.55	4.20	5.41	6.04	6.86	7.31

Balance sheet

	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents	166	184	214	1,708	1,699	966	1,568	1,461
Receivables	1,286	1,481	1,357	1,219	1,231	1,364	1,425	1,398
Total current assets	2,863	3,104	3,257	4,936	4,765	4,349	4,934	4,817
Property, plant and equipment	397	388	398	373	352	370	389	367
Lease right-of-use assets			0	667	586	535	482	466
Goodwill	7,060	7,342	7,768	8,380	8,140	8,481	8,724	9,470
Intangible assets	490	479	518	521	507	616	623	719
Total assets	11,396	11,919	12,622	15,550	15,021	15,175	15,799	16,685
Accounts payable	1,004	1,135	1,109	814	891	1,016	925	1,000
Total current liabilities	2,702	3,120	2,884	3,656	3,803	3,649	4,646	3,549
Lease liabilities			0	698	609	551	443	470
Total liabilities	5,194	5,234	5,738	8,286	8,035	7,903	7,489	7,257
Total debt	1,862	1,801	2,331	3,587	3,402	3,267	3,100	2,688
Retained earnings	3,794	4,251	4,558	4,704	4,732	5,425	6,329	7,129
Total equity	6,203	6,685	6,790	7,264	6,986	7,273	8,310	9,428
Total liabilities and equity	11,396	11,919	12,622	15,550	15,021	15,175	15,799	16,685

Cash flow statement

	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	1,035	1,141	1,263	1,118	1,369	1,466	1,631	1,693
Depreciation and amortization	366	384	388
Cash from operations	1,359	1,493	1,634	1,939	2,116	1,865	2,112	2,205
Capital expenditures	-113	-143	-162	-128	-122	-156	-160	-110
Cash from investing	-592	-577	-951	-572	-389	-912	-562	-775
Debt issued	18.9	20.1	687	1,807	1,885	0	0.95	747
Debt repaid	-200	-122	-355	-106	-1,889	-402	-79.2	-1,155
Stock issued	49.7	77.2	63.6	57.3	61.1	41.7	88.3	76.5
Share buybacks	0	-24.8	-30.7	-55.3	-31.4	-70.3	-74.5	-66.8
Cash from financing	-1,183	-879	-629	94.2	-1,782	-1,591	-1,192	-1,608
Exchange rate effect	-14	-18.7	-24.3	33.9	-73.9	-46.5	8.88	34.7
Net change in cash	-431	18.2	29.7	1,494	-8.78
Free cash flow	1,246	1,350	1,472	1,810	1,994	1,709	1,952	2,095
Interest paid	78.2	82	102	131	132	115	131	102
Income taxes paid	244	262	387	391	383	436	481	740

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	15.6%	Pre-tax income / revenue.
Net margin	11.5%	Net income / revenue.
FCF margin	14.3%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	15.0%	Cash from operations / revenue.
Effective tax rate	26.1%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	10.4%	Net income / average total assets.
Capex / revenue	0.7%	Capital expenditures / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	2.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	6.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	3.9%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	3.8%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	7.3%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	6.0%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	6.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	10.6%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	9.9%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	4.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	1.4%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	6.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	7.3%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	1.7%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	7.3%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	5.6%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	3.6%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	5.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.36x	Current assets / current liabilities.
Quick ratio	0.81x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.41x	(Cash + short-term investments) / current liabilities.
Debt / assets	16.1%	Total debt / total assets.
Liabilities / assets	43.5%	Total liabilities / total assets.
Net debt	CA$1.23B	Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital	CA$1.27B	Current assets - current liabilities.
Goodwill and intangibles / assets	61.1%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.90x	Revenue / average total assets.
Fixed asset turnover	38.8x	Revenue / average property, plant and equipment.
Receivables turnover	10.4x	Revenue / average receivables.
Days sales outstanding	35 days	365 x average receivables / revenue.
FCF conversion	123.8%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	5.0%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	CA$7.31	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	CA$7.42	Net income per basic share, as reported (split-adjusted).
Buybacks / FCF	3.2%	Share buybacks / free cash flow, when free cash flow is positive.

What was CGI INC's revenue in fiscal 2024?

CGI INC reported revenue of CA$14.68B for fiscal 2024, 2.7% higher than the year before.

Was CGI INC profitable in fiscal 2024?

Yes. Net income was CA$1.69B, a net margin of 11.5%.

How much free cash flow did CGI INC generate in fiscal 2024?

Cash from operations of CA$2.20B minus capital expenditures of CA$109.7M left free cash flow of CA$2.10B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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