TORONTO, Nov. 04, 2022 (GLOBE NEWSWIRE) — Constellation Software Inc. (TSX:CSU) (“Constellation” or the “Company”) right this moment introduced its monetary outcomes for the third quarter ended September 30, 2022 and declared a $1.00 per share dividend payable on January 11, 2023 to all widespread shareholders of file at shut of business on December 20, 2022. This dividend has been designated as an eligible dividend for the functions of the Income Tax Act (Canada). Please notice that each one greenback quantities referred to on this press launch are in U.S. Dollars except in any other case acknowledged.
The following press launch ought to be learn along side the Company’s Unaudited Condensed Consolidated Interim Financial Statements for the three and 9 months ended September 30, 2022 and the accompanying notes, our Management Discussion and Analysis for the three and 9 months ended September 30, 2022 and with our annual Consolidated Financial Statements, ready in accordance with International Financial Reporting Standards (“IFRS”) and our annual Management’s Discussion and Analysis for the yr ended December 31, 2021, which will be discovered on SEDAR at www.sedar.com and on the Company’s web site www.csisoftware.com. Additional details about the Company can also be out there on SEDAR at www.sedar.com.
Q3 2022 Headlines:
- Revenue grew 33% (detrimental 3% natural development, 2% after adjusting for adjustments in international change charges) to $1,725 million in comparison with $1,299 million in Q3 2021.
- Net earnings attributable to widespread shareholders elevated 28% to $136 million ($6.42 on a diluted per share foundation) from $107 million ($5.04 on a diluted per share foundation) in Q3 2021.
- Quite a few acquisitions have been accomplished for mixture money consideration of $207 million (which incorporates acquired money). Deferred funds related to these acquisitions have an estimated worth of $61 million leading to complete consideration of $268 million.
- Cash flows from operations (“CFO”) have been $321 million, a rise of 10%, or $29 million, in comparison with $292 million for the comparable interval in 2021.
- Free money circulate out there to shareholders1 (“FCFA2S”) elevated $3 million to $229 million in comparison with $226 million for the similar interval in 2021.
Total income for the quarter ended September 30, 2022 was $1,725 million, a rise of 33%, or $426 million, in comparison with $1,299 million for the comparable interval in 2021. For the first 9 months of 2022 complete revenues have been $4,774 million, a rise of 28%, or $1,051 million, in comparison with $3,724 million for the comparable interval in 2021. The improve for each the three and 9 month intervals in comparison with the similar intervals in the prior yr is primarily attributable to development from acquisitions as the Company skilled natural development of detrimental 3% and detrimental 2% respectively, optimistic 2% and three% respectively after adjusting for the impression of adjustments in the valuation of the US greenback in opposition to most main currencies during which the Company transacts business. Organic development just isn’t a standardized monetary measure and may not be akin to measures disclosed by different issuers.
Net earnings attributable to widespread shareholders of CSI for the quarter ended September 30, 2022 was $136 million in comparison with $107 million for the similar interval in 2021. On a per share foundation this translated right into a web earnings per diluted share of $6.42 in the quarter ended September 30, 2022 in comparison with web earnings per diluted share of $5.04 for the similar interval in 2021. For the 9 months ended September 30, 2022, web earnings attributable to widespread shareholders of CSI was $360 million or $16.99 per diluted share in comparison with $186 million or $8.79 per diluted share for the similar interval in 2021. There was no change in the variety of shares excellent.
For the quarter ended September 30, 2022, CFO elevated $29 million to $321 million in comparison with $292 million for the similar interval in 2021 representing a rise of 10%. For the 9 months ended September 30, 2022, CFO decreased $61 million to $897 million in comparison with $959 million for the similar interval in 2021 representing a lower of 6%. The major causes for the decline in CFO for the 9 months ended September 30, 2022 is that CFO contains the impression of adjustments in non-cash working belongings and liabilities unique of results of business mixtures or, adjustments in non-cash working working capital (“NCOWC”), and earnings taxes paid. For the 9 months ended September 30, 2022 there was $27 million of money utilized in NCOWC in comparison with $53 million of money generated from NCOWC for the similar interval in 2021. Cash utilized in NCOWC related to the Company’s just lately acquired Altera business unit was $32 million for the 9 months ended September 30, 2022. There are many causes contributing to the NCOWC impression variance for the Company, together with Altera, none of that are indicative of an underlying concern with the total NCOWC steadiness. Specifically, there aren’t any considerations with accounts receivable or unbilled income growing older. Income taxes paid elevated 87% or $41 million for the quarter ended September 30, 2022 and 42% or $83 million for the 9 months ended September 30, 2022 over the similar intervals in 2021. Approximate $50 million and $100 million money tax funds have been made in the three and 9 month intervals ending September 30, 2022 respectively referring to the deferral of R&E bills related to the Tax Cuts and Jobs Act.
For the quarter ended September 30, 2022, FCFA2S elevated $3 million to $229 million in comparison with $226 million for the similar interval in 2021 representing a rise of 1%. For the 9 months ended September 30, 2022, FCFA2S decreased $76 million to $563 million in comparison with $639 million for the similar interval in 2021 representing a lower of 12%. The objects negatively impacting CFO summarized above are the similar objects negatively impacting FCFA2S. On February 1, 2022, the Topicus Preferred Shares and Topicus Coop Preference Units have been transformed to Topicus Subordinate Voting Shares and Topicus Coop Ordinary Units respectively. As a results of this conversion the non-controlling curiosity in Topicus.com Inc. decreased from roughly 70% to 39%.
1. See Non-IFRS measures.
Forward Looking Statements
Certain statements herein could also be “forward looking” statements that contain recognized and unknown dangers, uncertainties and different elements which will trigger the precise outcomes, efficiency or achievements of Constellation or the trade to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Forward trying statements contain vital dangers and uncertainties, shouldn’t be learn as ensures of future efficiency or outcomes, and won’t essentially be correct indications of whether or not or not such outcomes will probably be achieved. Quite a few elements may trigger precise outcomes to differ considerably from the outcomes mentioned in the ahead trying statements. These ahead trying statements mirror present assumptions and expectations concerning future occasions and working efficiency and are made as of the date hereof and Constellation assumes no obligation, besides as required by legislation, to replace any ahead trying statements to mirror new occasions or circumstances.
Non-IFRS Measures
Free money circulate out there to shareholders ‘‘FCFA2S’’ refers to web money flows from working actions much less curiosity paid on lease obligations, curiosity paid on different amenities, credit score facility transaction prices, repayments of lease obligations, the IRGA / TSS membership legal responsibility revaluation cost, and property and gear bought, and contains curiosity and dividends acquired. The portion of this quantity relevant to non-controlling pursuits is then deducted. We imagine that FCFA2S is helpful supplemental data because it offers a sign of the uncommitted money circulate that’s out there to shareholders if we don’t make any acquisitions, or investments, and don’t repay any money owed. While we may use the FCFA2S to pay dividends or repurchase shares, our goal is to take a position all of our FCFA2S in acquisitions which meet our hurdle price.
FCFA2S just isn’t a acknowledged measure underneath IFRS and, accordingly, readers are cautioned that FCFA2S shouldn’t be construed as a substitute for web money flows from working actions.
The following desk reconciles FCFA2S to web money flows from working actions:
| Three months ended September 30, | Nine months ended September 30, | |||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||
| ($ in tens of millions) | ($ in tens of millions) | |||||||||||||
| Net money flows from working actions | 321 | 292 | 897 | 959 | ||||||||||
| Adjusted for: | ||||||||||||||
| Interest paid on lease obligations | (3 | ) | (2 | ) | (8 | ) | (7 | ) | ||||||
| Interest paid on different amenities | (23 | ) | (12 | ) | (49 | ) | (30 | ) | ||||||
| Credit facility transaction prices | (0 | ) | (0 | ) | (3 | ) | (4 | ) | ||||||
| Payments of lease obligations | (24 | ) | (21 | ) | (69 | ) | (61 | ) | ||||||
| IRGA / TSS membership legal responsibility revaluation cost | (33 | ) | (25 | ) | (89 | ) | (107 | ) | ||||||
| Property and gear bought | (8 | ) | (7 | ) | (27 | ) | (18 | ) | ||||||
| Interest and dividends acquired | 0 | 1 | 0 | 1 | ||||||||||
| 230 | 226 | 652 | 732 | |||||||||||
| Less quantity attributable to | ||||||||||||||
| Non-controlling pursuits | (1 | ) | 1 | (89 | ) | (93 | ) | |||||||
| Free money circulate out there to shareholders | 229 | 226 | 563 | 639 | ||||||||||
| Due to rounding, sure totals could not foot. | ||||||||||||||
About Constellation Software Inc.
Constellation’s widespread shares are listed on the Toronto Stock Exchange underneath the image “CSU”. Constellation acquires, manages and builds vertical market software program companies.
For additional data:
Jamal Baksh
Chief Financial Officer
(416) 861-9677
[email protected]
www.csisoftware.com
SOURCE: CONSTELLATION SOFTWARE INC.
| CONSTELLATION SOFTWARE INC. | |||||||||||
| Condensed Consolidated Interim Statements of Financial Position | |||||||||||
| (In tens of millions of U.S. {dollars}, besides per share quantities. Due to rounding, numbers offered could not foot.) | |||||||||||
| Unaudited | |||||||||||
| September 30, 2022 | December 31, 2021 | September 30, 2021 | |||||||||
| Assets | |||||||||||
| Current belongings: | |||||||||||
| Cash | $ | 665 | $ | 763 | $ | 961 | |||||
| Accounts receivable | 744 | 600 | 512 | ||||||||
| Unbilled income | 219 | 140 | 144 | ||||||||
| Inventories | 46 | 35 | 32 | ||||||||
| Other belongings | 473 | 296 | 278 | ||||||||
| 2,146 | 1,835 | 1,929 | |||||||||
| Non-current belongings: | |||||||||||
| Property and gear | 121 | 93 | 91 | ||||||||
| Right of use belongings | 274 | 245 | 252 | ||||||||
| Deferred earnings taxes | 155 | 66 | 63 | ||||||||
| Other belongings | 160 | 99 | 94 | ||||||||
| Intangible belongings | 4,469 | 3,428 | 3,006 | ||||||||
| 5,179 | 3,931 | 3,506 | |||||||||
| Total belongings | $ | 7,325 | $ | 5,766 | $ | 5,434 | |||||
| Liabilities and Shareholders’ Equity | |||||||||||
| Current liabilities: | |||||||||||
| Debt with recourse to Constellation Software Inc. | $ | 364 | $ | 143 | $ | 137 | |||||
| Debt with out recourse to Constellation Software Inc. | 234 | 60 | 54 | ||||||||
| Redeemable most popular securities | – | 7 | 7 | ||||||||
| Accounts payable and accrued liabilities | 917 | 832 | 720 | ||||||||
| Dividends payable | 21 | 22 | 21 | ||||||||
| Deferred income | 1,545 | 1,158 | 1,168 | ||||||||
| Provisions | 9 | 11 | 11 | ||||||||
| Acquisition holdback payables | 148 | 94 | 92 | ||||||||
| Lease obligations | 89 | 79 | 81 | ||||||||
| Income taxes payable | 99 | 56 | 86 | ||||||||
| 3,425 | 2,461 | 2,377 | |||||||||
| Non-current liabilities: | |||||||||||
| Debt with recourse to Constellation Software Inc. | 522 | 561 | 550 | ||||||||
| Debt with out recourse to Constellation Software Inc. | 705 | 354 | 325 | ||||||||
| Deferred earnings taxes | 465 | 436 | 393 | ||||||||
| Acquisition holdback payables | 62 | 68 | 49 | ||||||||
| Lease obligations | 206 | 190 | 195 | ||||||||
| Other liabilities | 239 | 175 | 145 | ||||||||
| 2,200 | 1,784 | 1,656 | |||||||||
| Total liabilities | 5,625 | 4,245 | 4,034 | ||||||||
| Shareholders’ fairness: | |||||||||||
| Capital inventory | 99 | 99 | 99 | ||||||||
| Other fairness | – | (179 | ) | (162 | ) | ||||||
| Accumulated different complete earnings (loss) | (227 | ) | (66 | ) | (69 | ) | |||||
| Retained earnings | 1,632 | 1,206 | 1,103 | ||||||||
| Non-controlling pursuits | 196 | 460 | 429 | ||||||||
| 1,700 | 1,521 | 1,401 | |||||||||
| Total liabilities and shareholders’ fairness | $ | 7,325 | $ | 5,766 | $ | 5,434 | |||||
| CONSTELLATION SOFTWARE INC. | ||||||||||||||||
| Condensed Consolidated Interim Statements of Income (loss) | ||||||||||||||||
| (In tens of millions of U.S. {dollars}, besides per share quantities. Due to rounding, numbers offered could not foot.) | ||||||||||||||||
| Unaudited | ||||||||||||||||
| Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||
| Revenue | ||||||||||||||||
| License | $ | 79 | $ | 69 | $ | 220 | $ | 206 | ||||||||
| Professional companies | 375 | 256 | 985 | 747 | ||||||||||||
| Hardware and different | 54 | 45 | 151 | 127 | ||||||||||||
| Maintenance and different recurring | 1,217 | 929 | 3,418 | 2,643 | ||||||||||||
| 1,725 | 1,299 | 4,774 | 3,724 | |||||||||||||
| Expenses | ||||||||||||||||
| Staff | 925 | 676 | 2,581 | 1,982 | ||||||||||||
| Hardware | 31 | 25 | 88 | 71 | ||||||||||||
| Third social gathering license, upkeep {and professional} companies | 167 | 113 | 443 | 317 | ||||||||||||
| Occupancy | 12 | 10 | 35 | 30 | ||||||||||||
| Travel, telecommunications, provides, software program and gear | 80 | 46 | 215 | 129 | ||||||||||||
| Professional charges | 26 | 21 | 78 | 53 | ||||||||||||
| Other, web | 64 | 21 | 132 | 41 | ||||||||||||
| Depreciation | 38 | 31 | 105 | 90 | ||||||||||||
| Amortization of intangible belongings | 177 | 134 | 491 | 376 | ||||||||||||
| 1,521 | 1,077 | 4,167 | 3,087 | |||||||||||||
| Foreign change loss (achieve) | (57 | ) | (5 | ) | (98 | ) | (3 | ) | ||||||||
| IRGA/TSS Membership legal responsibility revaluation cost | 33 | 25 | 89 | 107 | ||||||||||||
| Finance and different expense (earnings) | 8 | (4 | ) | 24 | (9 | ) | ||||||||||
| Bargain buy achieve | (3 | ) | (1 | ) | (4 | ) | (1 | ) | ||||||||
| Impairment of intangible and different non-financial belongings | – | 1 | 1 | 7 | ||||||||||||
| Redeemable most popular securities expense (earnings) | – | – | – | 295 | ||||||||||||
| Finance prices | 29 | 18 | 73 | 50 | ||||||||||||
| 11 | 34 | 86 | 446 | |||||||||||||
| Income (loss) earlier than earnings taxes | 193 | 188 | 521 | 190 | ||||||||||||
| Current earnings tax expense (restoration) | 113 | 70 | 322 | 209 | ||||||||||||
| Deferred earnings tax expense (restoration) | (63 | ) | (4 | ) | (189 | ) | (43 | ) | ||||||||
| Income tax expense (restoration) | 50 | 67 | 133 | 166 | ||||||||||||
| Net earnings (loss) | 143 | 121 | 388 | 24 | ||||||||||||
| Net earnings (loss) attributable to: | ||||||||||||||||
| Common shareholders of Constellation Software Inc. | 136 | 107 | 360 | 186 | ||||||||||||
| Non-controlling pursuits | 7 | 15 | 28 | (162 | ) | |||||||||||
| Net earnings (loss) | 143 | 121 | 388 | 24 | ||||||||||||
| Earnings per widespread share of Constellation Software Inc. | ||||||||||||||||
| Basic and diluted | $ | 6.42 | $ | 5.04 | $ | 16.99 | $ | 8.79 | ||||||||
| CONSTELLATION SOFTWARE INC. | ||||||||||||||||
| Condensed Consolidated Interim Statements of Comprehensive Income (loss) | ||||||||||||||||
| (In tens of millions of U.S. {dollars}, besides per share quantities. Due to rounding, numbers offered could not foot.) | ||||||||||||||||
| Unaudited | ||||||||||||||||
| Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||
| Net earnings (loss) | $ | 143 | $ | 121 | $ | 388 | $ | 24 | ||||||||
| Items which can be or could also be reclassified subsequently to web earnings (loss): | ||||||||||||||||
| Foreign foreign money translation variations from international operations and different, web of tax | (93 | ) | (21 | ) | (184 | ) | (39 | ) | ||||||||
| Other complete earnings (loss) for the interval, web of earnings tax | (93 | ) | (21 | ) | (184 | ) | (39 | ) | ||||||||
| Total complete earnings (loss) for the interval | $ | 50 | $ | 100 | $ | 204 | $ | (15 | ) | |||||||
| Total different complete earnings (loss) attributable to: | ||||||||||||||||
| Common shareholders of Constellation Software Inc. | (80 | ) | (13 | ) | (156 | ) | (19 | ) | ||||||||
| Non-controlling pursuits | (13 | ) | (8 | ) | (27 | ) | (19 | ) | ||||||||
| Total different complete earnings (loss) | $ | (93 | ) | $ | (21 | ) | $ | (184 | ) | $ | (39 | ) | ||||
| Total complete earnings (loss) attributable to: | ||||||||||||||||
| Common shareholders of Constellation Software Inc. | 56 | 93 | 204 | 167 | ||||||||||||
| Non-controlling pursuits | (6 | ) | 7 | 1 | (182 | ) | ||||||||||
| Total complete earnings (loss) | $ | 50 | $ | 100 | $ | 204 | $ | (15 | ) | |||||||
| CONSTELLATION SOFTWARE INC. | ||||||||||||||||||||||
| Condensed Consolidated Interim Statement of Changes in Equity | ||||||||||||||||||||||
| (In tens of millions of U.S. {dollars}, besides per share quantities. Due to rounding, numbers offered could not foot.) | ||||||||||||||||||||||
| Unaudited | ||||||||||||||||||||||
| Nine months ended September 30, 2022 | ||||||||||||||||||||||
| Equity Attributable to Common Shareholders of CSI | ||||||||||||||||||||||
| Capital inventory |
Other fairness | Accumulated different complete earnings (loss) | Retained earnings |
Total |
Non-controlling pursuits |
Total fairness |
||||||||||||||||
| Balance at January 1, 2022 | $ | 99 | $ | (179 | ) | $ | (66 | ) | $ | 1,206 | $ | 1,061 | 460 | $ | 1,521 | |||||||
| Total complete earnings (loss) for the interval: | ||||||||||||||||||||||
| Net earnings (loss) | – | – | – | 360 | 360 | 28 | 388 | |||||||||||||||
| Other complete earnings (loss) | ||||||||||||||||||||||
| Foreign foreign money translation variations from | ||||||||||||||||||||||
| international operations and different, web of tax | – | – | (156 | ) | – | (156 | ) | (27 | ) | (184 | ) | |||||||||||
| Total different complete earnings (loss) | ||||||||||||||||||||||
| for the interval | – | – | (156 | ) | – | (156 | ) | (27 | ) | (184 | ) | |||||||||||
| Total complete earnings (loss) for the interval | – | – | (156 | ) | 360 | 204 | 1 | 204 | ||||||||||||||
| Transactions with homeowners, recorded immediately in fairness | ||||||||||||||||||||||
| Conversion of redeemable most popular securities to subordinate voting shares of Topicus.com Inc. and strange models of Topicus Coop and different associated actions | – | 305 | (5 | ) | – | 301 | (301 | ) | – | |||||||||||||
| Non-controlling pursuits arising from business mixtures | – | – | – | – | – | 41 | 41 | |||||||||||||||
| Other actions in non-controlling pursuits | – | – | – | 2 | 2 | (5 | ) | (2 | ) | |||||||||||||
| Dividends to shareholders of the Company | – | – | – | (64 | ) | (64 | ) | – | (64 | ) | ||||||||||||
| Reclassification of different fairness to retained earnings | – | (127 | ) | – | 127 | – | – | – | ||||||||||||||
| Balance at September 30, 2022 | $ | 99 | $ | – | $ | (227 | ) | $ | 1,632 | $ | 1,504 | $ | 196 | $ | 1,700 | |||||||
| CONSTELLATION SOFTWARE INC. | ||||||||||||||||||||||
| Condensed Consolidated Interim Statement of Changes in Equity | ||||||||||||||||||||||
| (In tens of millions of U.S. {dollars}, besides per share quantities. Due to rounding, numbers offered could not foot.) | ||||||||||||||||||||||
| Unaudited | ||||||||||||||||||||||
| Nine months ended September 30, 2021 | ||||||||||||||||||||||
| Equity Attributable to Common Shareholders of CSI | ||||||||||||||||||||||
| Capital inventory |
Other fairness | Accumulated different complete earnings (loss) | Retained earnings |
Total |
Non-controlling pursuits |
Total fairness |
||||||||||||||||
| Balance at January 1, 2021 | $ | 99 | $ | – | $ | (31 | ) | $ | 980 | $ | 1,048 | $ | – | $ | 1,048 | |||||||
| Total complete earnings (loss) for the interval: | ||||||||||||||||||||||
| Net earnings (loss) | – | – | – | 186 | 186 | (162 | ) | 24 | ||||||||||||||
| Other complete earnings (loss) | ||||||||||||||||||||||
| Foreign foreign money translation variations from | ||||||||||||||||||||||
| international operations and different, web of tax | – | – | (19 | ) | – | (19 | ) | (19 | ) | (39 | ) | |||||||||||
| Total different complete earnings (loss) for the interval | – | – | (19 | ) | – | (19 | ) | (19 | ) | (39 | ) | |||||||||||
| Total complete earnings (loss) for the interval | – | – | (19 | ) | 186 | 167 | (182 | ) | (15 | ) | ||||||||||||
| Transactions with homeowners, recorded immediately in fairness | ||||||||||||||||||||||
| Special dividend of Topicus Subordinated Voting Shares | – | (141 | ) | (16 | ) | – | (157 | ) | 157 | – | ||||||||||||
| Issuance of Topicus Coop Ordinary Units to non-controlling pursuits | – | (21 | ) | (2 | ) | – | (23 | ) | 23 | – | ||||||||||||
| Net acquisition of non-controlling curiosity related to acquisitions and different actions | – | 1 | – | 1 | 1 | 1 | 3 | |||||||||||||||
| Dividends to shareholders of the Company | – | – | – | (64 | ) | (64 | ) | – | (64 | ) | ||||||||||||
| Reclassification of Redeemable most popular securities of Topicus Coop from liabilities to non-controlling curiosity | – | – | – | – | 434 | 434 | ||||||||||||||||
| Accrued dividends to choice unit holders of Topicus Coop | – | – | – | – | (5 | ) | (5 | ) | ||||||||||||||
| Balance at September 30, 2021 | $ | 99 | $ | (162 | ) | $ | (69 | ) | $ | 1,103 | $ | 972 | $ | 429 | $ | 1,401 | ||||||
| CONSTELLATION SOFTWARE INC. | ||||||||||||||||||
| Condensed Consolidated Interim Statements of Cash Flows | ||||||||||||||||||
| (In tens of millions of U.S. {dollars}, besides per share quantities. Due to rounding, numbers offered could not foot.) | ||||||||||||||||||
| Unaudited | ||||||||||||||||||
| Three months ended September 30, | Nine months ended September 30, | |||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||||
| Cash flows from (utilized in) working actions: | ||||||||||||||||||
| Net earnings (loss) | $ | 143 | $ | 121 | $ | 388 | $ | 24 | ||||||||||
| Adjustments for: | ||||||||||||||||||
| Depreciation | 38 | 31 | 105 | 90 | ||||||||||||||
| Amortization of intangible belongings | 177 | 134 | 491 | 376 | ||||||||||||||
| IRGA/TSS Membership legal responsibility revaluation cost | 33 | 25 | 89 | 107 | ||||||||||||||
| Finance and different expense (earnings) | 8 | (4 | ) | 24 | (9 | ) | ||||||||||||
| Bargain buy (achieve) | (3 | ) | (1 | ) | (4 | ) | (1 | ) | ||||||||||
| Impairment of intangible and different non-financial belongings | – | 1 | 1 | 7 | ||||||||||||||
| Redeemable most popular securities expense (earnings) | – | – | – | 295 | ||||||||||||||
| Finance prices | 29 | 18 | 73 | 50 | ||||||||||||||
| Income tax expense (restoration) | 50 | 67 | 133 | 166 | ||||||||||||||
| Foreign change loss (achieve) | (57 | ) | (5 | ) | (98 | ) | (3 | ) | ||||||||||
| Change in non-cash working belongings and liabilities | ||||||||||||||||||
| unique of results of business mixtures | (8 | ) | (47 | ) | (27 | ) | 53 | |||||||||||
| Income taxes paid | (89 | ) | (48 | ) | (279 | ) | (196 | ) | ||||||||||
| Net money flows from (utilized in) working actions | 321 | 292 | 897 | 959 | ||||||||||||||
| Cash flows from (utilized in) financing actions: | ||||||||||||||||||
| Interest paid on lease obligations | (3 | ) | (2 | ) | (8 | ) | (7 | ) | ||||||||||
| Interest paid on debt | (23 | ) | (12 | ) | (49 | ) | (30 | ) | ||||||||||
| Increase (lower) in CSI facility | (32 | ) | – | 205 | – | |||||||||||||
| Increase (lower) in Topicus revolving credit score debt facility with out recourse to CSI | 7 | 12 | 112 | 24 | ||||||||||||||
| Proceeds from issuance of debt amenities with out recourse to CSI | 22 | 6 | 447 | 140 | ||||||||||||||
| Repayments of debt amenities with out recourse to CSI | (17 | ) | (2 | ) | (30 | ) | (4 | ) | ||||||||||
| Other financing actions | 3 | – | 4 | – | ||||||||||||||
| Credit facility transaction prices | (0 | ) | (0 | ) | (3 | ) | (4 | ) | ||||||||||
| Payments of lease obligations | (24 | ) | (21 | ) | (69 | ) | (61 | ) | ||||||||||
| Distribution to the Joday Group | – | – | (23 | ) | (22 | ) | ||||||||||||
| Dividends paid to redeemable most popular safety holders | – | – | (7 | ) | – | |||||||||||||
| Dividends paid to widespread shareholders of the Company | (21 | ) | (21 | ) | (64 | ) | (64 | ) | ||||||||||
| Net money flows from (utilized in) in financing actions | (89 | ) | (41 | ) | 516 | (29 | ) | |||||||||||
| Cash flows from (utilized in) investing actions: | ||||||||||||||||||
| Acquisition of companies | (207 | ) | (130 | ) | (1,421 | ) | (736 | ) | ||||||||||
| Cash obtained with acquired companies | 42 | 28 | 190 | 112 | ||||||||||||||
| Post-acquisition settlement funds, web of receipts | (39 | ) | (16 | ) | (98 | ) | (101 | ) | ||||||||||
| Receipt of extra subscription quantity from the sellers of Topicus.com B.V. | – | – | – | 33 | ||||||||||||||
| Purchases of different investments | (0 | ) | (14 | ) | (96 | ) | (15 | ) | ||||||||||
| Proceeds from gross sales of different investments | – | 8 | 3 | 8 | ||||||||||||||
| Interest, dividends and different proceeds acquired | 1 | 1 | 4 | 4 | ||||||||||||||
| Property and gear bought | (8 | ) | (7 | ) | (27 | ) | (18 | ) | ||||||||||
| Net money flows from (utilized in) investing actions | (211 | ) | (131 | ) | (1,445 | ) | (713 | ) | ||||||||||
| Effect of international foreign money on | ||||||||||||||||||
| money and money equivalents | (32 | ) | (10 | ) | (67 | ) | (13 | ) | ||||||||||
| Increase (lower) in money | (11 | ) | 110 | (99 | ) | 203 | ||||||||||||
| Cash, starting of interval | $ | 676 | $ | 851 | $ | 763 | $ | 758 | ||||||||||
| Cash, finish of interval | $ | 665 | $ | 961 | $ | 665 | $ | 961 | ||||||||||
