Colliers International Group Inc. (CIGI) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | 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 |
|---|
| Cash from Operations | -192.02M | 254.01M | 109.59M | 39.52M | -84.48M | 201.87M | 103.96M | 135.46M | -137.62M | 153.22M | 36.9M | 94.73M | -132.57M | 238.5M | 64.78M | 32.4M | -280.71M | 68.16M | 192.52M | 41.53M |
| Operating CF Margin % | -14.82% | 14.91% | 7.58% | 2.88% | -7.42% | 13.44% | 8.82% | 11.89% | -13.73% | 12.4% | 3.49% | 8.79% | -13.72% | 19.51% | 5.85% | 2.87% | -28.05% | 5.07% | 18.82% | 4.39% |
| Operating CF Growth % | -127.31% | 25.83% | 5.41% | -70.82% | 38.61% | 31.75% | 181.75% | 43% | -3.81% | -35.76% | -43.04% | 192.38% | 52.77% | 249.93% | -66.35% | -21.99% | -636.02% | 159.93% | -44.53% | 53.36% |
| Net Income | -23.7M | 62.06M | 41.77M | 4.08M | 8.92M | 73M | 37.53M | 36.72M | 14.14M | 69.3M | 24.79M | -7.42M | -907K | 61.97M | 11.35M | 66.73M | 21.32M | 43.14M | 50.5M | -452.25M |
| Depreciation & Amortization | 67.06M | 67.54M | 63.69M | 62.7M | 63.4M | 63.34M | 56.52M | 49.83M | 50.51M | 52.5M | 50.51M | 51.46M | 49.49M | 51.54M | 46.5M | 44.1M | 36.64M | 38.03M | 34.59M | 33.72M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.69M | 0 | 0 | 0 | 5.66M | 7.77M | 0 | 4.49M | 4.86M | 0 | 2.66M | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | -9.18M | 0 | 0 | 0 | -3.99M | 0 | 0 | 0 | -10.99M | -9.8M | 0 | -16K | -11.18M | 0 | -10.95M | 0 |
| Other Non-Cash Items | 40.04M | 50.29M | -91.64M | 45.3M | 12.98M | 24.07M | 846.33K | 26.06M | -16.02M | 30.85M | 28.16M | 55.69M | 31.13M | 54.17M | 43.71M | 130.3M | 145.66M | 47.76M | -70.91M | 404.77M |
| Working Capital Changes | -275.43M | 74.11M | 95.78M | -72.56M | -160.59M | 41.47M | 9.07M | 22.85M | -188.93M | 568.32K | -66.56M | -5M | -206.95M | 72.84M | -36.78M | -213.2M | -478.01M | -60.78M | 186.64M | 55.29M |
| Change in Receivables | 25.33M | 422.6K | -53.14M | -139.95M | 30.27M | 1.37M | -548.24K | 19.86M | 4.64M | 2.23M | 22.83M | 19.12K | -29.75M | -52.91M | 6.16M | -165.92M | -172M | -341.83M | -60.39M | 14.33M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | -38.39M | 0 | 0 | 0 | -46.64M | 0 | 0 | 0 | 3.11M | 47.66M | 0 | -19.21M | 9.86M | 0 | 73.78M | 0 |
| Cash from Investing | -72.26M | -31.05M | -219.03M | -117.17M | -9.83M | -64.81M | -507.18M | -173.66M | -49.85M | -65.96M | -17.97M | -69.27M | -3.17M | -469.4M | -144.65M | -330.82M | 83.05M | 25.05M | -25.12M | -22.07M |
| Capital Expenditures | -18.04M | -31.36M | -16.6M | -16.73M | -14.65M | -18.99M | -16.23M | -12.51M | -16.87M | -24.68M | -19.16M | -22.48M | -18.88M | -25.87M | -17.24M | -13.58M | -9.84M | -13.36M | -11.85M | -10.24M |
| CapEx % of Revenue | 1.39% | 1.84% | 1.15% | 1.22% | 1.29% | 1.26% | 1.38% | 1.1% | 1.68% | 2% | 1.81% | 2.09% | 1.96% | 2.12% | 1.56% | 1.2% | 0.98% | 0.99% | 1.16% | 1.08% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 22.61M | 37.72M | 2.78M | 13.07M | 14.31M | 39.81M | 7.24M | -5.53M | -32.98M | 15.82M | 69.34M | -36.85M | 22.25M | -30.32M | 26.95M | 10.88M | 145.36M | 59.4M | -12.69M | 2.15M |
| Cash from Financing | 245.97M | -207.32M | 131.71M | 84.09M | 119.38M | -172.2M | 409.48M | 75.45M | 175.91M | -106.35M | -34.38M | 11.71M | 157.36M | 209.87M | 105.06M | 253.44M | 41.83M | 155.85M | -161.5M | 11.78M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 14.95M | -16.32M | 16.69M | 1.15M | 45.18M | -17.45M | 5.44M | 286.92M | 19.45M | 7.36M | -55.77K | 0 | -39.36M | 91.73K | -53.68M | -72.69M | 1.63M | 0 | 2.33M |
| Dividends Paid | -7.56M | 8.78K | -7.59M | 143.11K | -7.59M | -115.26K | -7.57M | -52.06K | -7.13M | -28.42K | -7.01M | 23.06K | -6.44M | -182.1K | -6.07M | -26.4K | -6.61M | 2.41K | -2.2M | 31.43K |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -15.57M | -39.36M | -1.03M | -53.68M | -72.69M | 0 | 0 | 0 |
| Other Financing | -14.72M | -12.35M | 14.64M | -51.62M | -16.09M | -35.93M | 10.97M | -38.62M | 1.17M | -13.06M | -29.73M | -42.06M | -8.62M | -4.76M | -25.37M | -38.55M | -70.61M | -9.26M | -4.37M | -22.14M |
| Net Change in Cash | -7M | -1.44M | 22.94M | -6.35M | 23.28M | -27.02M | 4.22M | 35.4M | -13.62M | -19.49M | -19.68M | 34.33M | 23.61M | -16.4M | 7.12M | -59.14M | -159.67M | 245.49M | 1.9M | 31.45M |
| Free Cash Flow | -210.07M | 222.65M | 92.99M | 22.8M | -99.13M | 182.88M | 87.74M | 122.95M | -154.49M | 128.54M | 17.74M | 72.24M | -151.45M | 212.63M | 47.54M | 18.82M | -290.54M | 54.8M | 180.68M | 31.3M |
| FCF Margin % | -16.22% | 13.07% | 6.43% | 1.66% | -8.71% | 12.18% | 7.44% | 10.79% | -15.42% | 10.41% | 1.68% | 6.7% | -15.68% | 17.39% | 4.29% | 1.67% | -29.03% | 4.07% | 17.67% | 3.31% |
| FCF Growth % | -111.91% | 21.75% | 5.99% | -81.46% | 35.83% | 42.28% | 394.48% | 70.19% | -2.01% | -39.55% | -62.68% | 283.91% | 47.87% | 288.01% | -73.69% | -39.87% | -382.37% | 143.87% | -46.33% | 86.37% |
| FCF per Share | -5.72 | 5.96 | 2.52 | 0.61 | -1.96 | 3.58 | 1.73 | 3.33 | -3.16 | 2.70 | 0.37 | 1.60 | -3.52 | 4.50 | 1.09 | 0.39 | -6.59 | 1.12 | 4.04 | 0.72 |
| FCF Conversion (FCF/Net Income) | 8.10x | 4.04x | 2.62x | 9.69x | 19.89x | 2.69x | 2.79x | 3.69x | -10.87x | 2.27x | 1.47x | -13.83x | 6.58x | 10.60x | 5.39x | 1.07x | 15.06x | 1.57x | 10.69x | -0.09x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |