CAE Inc. (CAE) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Cash from Operations | 204.73M | 407.6M | 163.63M | -15.3M | 224.22M | 424.6M | 162.1M | -1.75M | 163.88M | 220.8M | 180.2M | -32.21M | 180.6M | 252.4M | 99.72M | -162.6M | 206.8M | 260.58M | 24.83M | -129.1M |
| Operating CF Margin % | 15.39% | 32.55% | 13.23% | -1.39% | 17.58% | 34.71% | 14.26% | -0.16% | 14.55% | 20.17% | 17.16% | -3.18% | 20.4% | 26.02% | 10.96% | -22.44% | 27.1% | 30.7% | 3.05% | -21.24% |
| Operating CF Growth % | -8.7% | -4% | 0.95% | -772.45% | 36.82% | 92.3% | -10.04% | 94.56% | -9.26% | -12.52% | 80.71% | 80.19% | -12.67% | -3.14% | 301.63% | -25.95% | 18.44% | 10.98% | -45.55% | -46.04% |
| Net Income | 73.29M | 112.1M | 53.06M | 60.2M | 94.43M | 171.2M | 54.8M | 35.29M | -372.57M | 59.1M | 61.1M | 48.89M | 101.9M | 80M | 32.16M | 3.7M | 57.1M | 20.71M | 11.03M | 47.3M |
| Depreciation & Amortization | 117.2M | 115.5M | 81.85M | 113.7M | 76.78M | 106.3M | 100.1M | 71.46M | 71.01M | 95.2M | 91.2M | 69.56M | 89.4M | 88.3M | 59.18M | 82.6M | 80.9M | 63.17M | 61.95M | 71.1M |
| Stock-Based Compensation | 0 | 5.3M | 0 | 19.5M | 0 | 2.8M | 4.3M | 0 | 0 | 3.5M | 14.2M | 0 | -4.6M | 1M | 0 | 3.3M | 3.1M | 0 | 0 | -8.7M |
| Deferred Taxes | -19.75M | 9.9M | 11.13M | 1.7M | 24.67M | 17.2M | -6.1M | -4.09M | -93.53M | -7.5M | -29M | -11.09M | 4.9M | 8.7M | 3.69M | -9.4M | -20.4M | -7.27M | -5.99M | -10.8M |
| Other Non-Cash Items | 80.11M | -20.1M | -2.44M | -5.9M | -33.42M | -76.7M | -35.5M | -2.05M | 434.58M | -1.7M | -24.4M | -4M | -33.1M | -19.3M | 4.7M | -12.5M | -37.5M | 17.63M | -4.89M | 36.2M |
| Working Capital Changes | -46.12M | 184.9M | 20.03M | -204.5M | 61.77M | 203.8M | 44.5M | -102.37M | 124.39M | 72.2M | 67.1M | -135.57M | 22.1M | 93.7M | 0 | -230.3M | 123.6M | 166.34M | -37.28M | -264.2M |
| Change in Receivables | -88.63M | 0 | -33.1M | 0 | -764.32K | 0 | 0 | 42.38M | 60.9M | 53.8M | 0 | -4.9M | -47.8M | 0 | 54.56M | -89.6M | 0 | 46.72M | 53.91M | -50.3M |
| Change in Inventory | 51.43M | 0 | 21.97M | 0 | -9.45M | 0 | 0 | -48.45M | 11.96M | -10.3M | 0 | -48.81M | 18.4M | 0 | -4.19M | -40.2M | 0 | -6.96M | 17.73M | 79.5M |
| Change in Payables | -74.59M | 0 | 35.25M | 0 | 74.28M | 0 | 0 | -79.06M | 9.82M | 27.9M | 0 | -69.48M | 116M | 0 | -13.58M | -98M | 0 | 62.3M | -19.55M | -179M |
| Cash from Investing | -69.38M | -43.9M | -84.8M | -120.6M | -89.36M | -419.9M | -75.2M | -87.03M | 99.95M | -126.6M | -97.9M | -105.39M | -78M | -110.9M | -85.99M | -92.8M | -592.5M | -102.86M | -1.12B | -110.3M |
| Capital Expenditures | -61.36M | -63.4M | -77.26M | -129.3M | -87.97M | -114.9M | -81.4M | -88.56M | -98.77M | -119.1M | -94.4M | -98.37M | -99.4M | 112.4M | -74.79M | -73.9M | -74.7M | -80.96M | -52.26M | -73.9M |
| CapEx % of Revenue | 4.61% | 5.06% | 6.25% | 11.77% | 6.9% | 9.39% | 7.16% | 8.26% | 8.77% | 10.88% | 8.99% | 9.72% | 11.23% | 11.59% | 8.22% | 10.2% | 9.79% | 9.54% | 6.41% | 12.16% |
| Acquisitions | 300.77K | -6.2M | 0 | -13.1M | 11.19M | -313.4M | 0 | 1.24M | 203.45M | -14.9M | -12.9M | 2.56M | -400K | -2M | -4.26M | 1.1M | -498.4M | -6.48M | -1.07B | -16.5M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -1M | 25.7M | -3.95M | 21.8M | -2.85M | 8.4M | 6.2M | 219.21K | -2.21M | -111.7M | 9.4M | 0 | 21.8M | -221.3M | 0 | -20M | -19.4M | 0 | 0 | -19.9M |
| Cash from Financing | -48.02M | -76.7M | -76.47M | 18.4M | -145.64M | 114.8M | -55.7M | 73.58M | -238.51M | -138.9M | -54.7M | 91.58M | -79.2M | -162.2M | -20.96M | 117.8M | 277.1M | -57.24M | 823.27M | 6.4M |
| Debt Issued (Net) | -35.29M | -100.4M | -66.92M | 9.7M | -145.5M | 89.3M | -48.7M | 76.72M | -229.43M | -139.6M | -58.2M | 100.18M | -81.6M | -160.7M | -9.61M | 106.3M | 266.1M | -24.59M | 310.39M | -13.8M |
| Equity Issued (Net) | 1.2M | 23.7M | 3.16M | 10M | 11.74M | 26.4M | -7M | 6.94M | 147.64K | 700K | 3.5M | 2.56M | 800K | 200K | 2.75M | 11.5M | 600K | 2.93M | 529.36M | 20.2M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -3.11M | -1.6M | -1.65M | 0 | 0 | 0 | -9.6M | -8.55M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -13.94M | 0 | -12.71M | -1.3M | -11.88M | -900K | 0 | -10.08M | -9.23M | 0 | 0 | -11.17M | 1.6M | -1.7M | -14.09M | 0 | 10.4M | -35.58M | -16.47M | 0 |
| Net Change in Cash | 82.93M | 285M | 2.56M | -122.5M | -6.13M | 122.8M | 36.5M | -13.55M | 24.25M | -57M | 28.7M | -45.62M | 26M | -11.6M | -13.12M | -140.1M | -117.4M | 98.14M | -854.93M | -235.6M |
| Free Cash Flow | 161.92M | 344.2M | 100.74M | -144.6M | 148.49M | 309.7M | 80.7M | -69.42M | 96.19M | 101.7M | 85.8M | -100.56M | 81.2M | 129.3M | 50.15M | -261.9M | 105.9M | 199.78M | -11.98M | -222.3M |
| FCF Margin % | 12.17% | 27.49% | 8.15% | -13.16% | 11.64% | 25.31% | 7.1% | -6.47% | 8.54% | 9.29% | 8.17% | -9.94% | 9.17% | 13.33% | 5.51% | -36.14% | 13.88% | 23.54% | -1.47% | -36.57% |
| FCF Growth % | 9.04% | 11.14% | 24.83% | -108.31% | 54.37% | 204.52% | -5.94% | 30.97% | 18.46% | -21.35% | 71.09% | 61.6% | -23.32% | -35.28% | 518.58% | -17.81% | -6.37% | 2.66% | -161.44% | -78.99% |
| FCF per Share | 0.50 | 1.07 | 0.31 | -0.45 | 0.46 | 0.97 | 0.25 | -0.22 | 0.30 | 0.32 | 0.27 | -0.32 | 0.26 | 0.41 | 0.16 | -0.82 | 0.33 | 0.61 | -0.03 | -0.75 |
| FCF Conversion (FCF/Net Income) | 2.79x | 3.74x | 2.21x | -0.27x | 1.65x | 2.52x | 3.09x | -0.04x | -0.34x | 3.91x | 3.09x | -0.49x | 2.48x | 3.23x | 2.24x | -123.18x | 4.70x | 9.95x | 1.77x | -3.45x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33.5M | 0 | 0 | 0 | 9.7M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.5M | 0 | 0 | 0 | 14.4M |