CAE Inc
TSX:CAE
Income Statement
Earnings Waterfall
CAE Inc
Revenue
|
4.5B
CAD
|
Cost of Revenue
|
-3.2B
CAD
|
Gross Profit
|
1.3B
CAD
|
Operating Expenses
|
-717.6m
CAD
|
Operating Income
|
555.8m
CAD
|
Other Expenses
|
-277.2m
CAD
|
Net Income
|
278.6m
CAD
|
Income Statement
CAE Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 068
N/A
|
2 078
+0%
|
2 084
+0%
|
2 135
+2%
|
2 190
+3%
|
2 246
+3%
|
2 277
+1%
|
2 365
+4%
|
2 422
+2%
|
2 513
+4%
|
2 607
+4%
|
2 626
+1%
|
2 692
+3%
|
2 705
+0%
|
2 709
+0%
|
2 692
-1%
|
2 837
+5%
|
2 824
0%
|
2 889
+2%
|
3 015
+4%
|
3 003
0%
|
3 304
+10%
|
3 408
+3%
|
3 561
+4%
|
3 668
+3%
|
3 623
-1%
|
3 348
-8%
|
3 156
-6%
|
3 065
-3%
|
2 982
-3%
|
3 184
+7%
|
3 294
+3%
|
3 311
+0%
|
3 371
+2%
|
3 552
+5%
|
3 730
+5%
|
3 902
+5%
|
4 203
+8%
|
4 324
+3%
|
4 420
+2%
|
4 494
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 504)
|
(1 513)
|
(1 521)
|
(1 562)
|
(1 609)
|
(1 643)
|
(1 652)
|
(1 717)
|
(1 754)
|
(1 817)
|
(1 879)
|
(1 870)
|
(1 906)
|
(1 893)
|
(1 884)
|
(1 872)
|
(1 961)
|
(1 946)
|
(1 996)
|
(2 102)
|
(2 113)
|
(2 363)
|
(2 441)
|
(2 559)
|
(2 608)
|
(2 540)
|
(2 400)
|
(2 254)
|
(2 225)
|
(2 217)
|
(2 313)
|
(2 387)
|
(2 390)
|
(2 416)
|
(2 577)
|
(2 710)
|
(2 826)
|
(3 037)
|
(3 085)
|
(3 151)
|
(3 221)
|
|
Gross Profit |
564
N/A
|
565
+0%
|
563
0%
|
573
+2%
|
582
+1%
|
604
+4%
|
625
+3%
|
648
+4%
|
667
+3%
|
696
+4%
|
728
+5%
|
756
+4%
|
787
+4%
|
811
+3%
|
825
+2%
|
820
-1%
|
876
+7%
|
878
+0%
|
893
+2%
|
913
+2%
|
891
-2%
|
942
+6%
|
967
+3%
|
1 002
+4%
|
1 060
+6%
|
1 084
+2%
|
948
-13%
|
902
-5%
|
840
-7%
|
765
-9%
|
871
+14%
|
907
+4%
|
921
+1%
|
956
+4%
|
975
+2%
|
1 021
+5%
|
1 076
+5%
|
1 166
+8%
|
1 239
+6%
|
1 269
+2%
|
1 273
+0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(315)
|
(325)
|
(315)
|
(314)
|
(323)
|
(325)
|
(338)
|
(356)
|
(371)
|
(379)
|
(390)
|
(410)
|
(426)
|
(475)
|
(493)
|
(488)
|
(501)
|
(494)
|
(501)
|
(513)
|
(517)
|
(512)
|
(520)
|
(537)
|
(556)
|
(566)
|
(542)
|
(522)
|
(512)
|
(504)
|
(519)
|
(558)
|
(565)
|
(575)
|
(631)
|
(641)
|
(658)
|
(693)
|
(688)
|
(705)
|
(718)
|
|
Selling, General & Administrative |
(255)
|
(259)
|
(256)
|
(256)
|
(265)
|
(265)
|
(273)
|
(281)
|
(292)
|
(312)
|
(320)
|
(335)
|
(344)
|
(364)
|
(379)
|
(369)
|
(378)
|
(381)
|
(389)
|
(402)
|
(404)
|
(415)
|
(426)
|
(436)
|
(453)
|
(432)
|
(418)
|
(408)
|
(395)
|
(393)
|
(411)
|
(445)
|
(457)
|
(484)
|
(528)
|
(534)
|
(555)
|
(556)
|
(556)
|
(576)
|
(579)
|
|
Research & Development |
(66)
|
(68)
|
(65)
|
(67)
|
(64)
|
(64)
|
(71)
|
(74)
|
(81)
|
(88)
|
(92)
|
(97)
|
(106)
|
(111)
|
(118)
|
(122)
|
(123)
|
(115)
|
(114)
|
(113)
|
(114)
|
(101)
|
(102)
|
(109)
|
(111)
|
(98)
|
(126)
|
(116)
|
(118)
|
(61)
|
(108)
|
(113)
|
(108)
|
(90)
|
(138)
|
(140)
|
(138)
|
(114)
|
(142)
|
(144)
|
(152)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(45)
|
0
|
0
|
0
|
(50)
|
0
|
0
|
0
|
(37)
|
0
|
0
|
0
|
(34)
|
0
|
0
|
0
|
|
Other Operating Expenses |
6
|
2
|
5
|
9
|
6
|
4
|
5
|
(1)
|
2
|
20
|
22
|
23
|
24
|
0
|
4
|
4
|
0
|
2
|
0
|
0
|
0
|
4
|
8
|
8
|
8
|
9
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
35
|
35
|
33
|
35
|
11
|
9
|
15
|
13
|
|
Operating Income |
249
N/A
|
240
-3%
|
248
+3%
|
260
+5%
|
259
0%
|
279
+8%
|
286
+3%
|
291
+2%
|
296
+2%
|
317
+7%
|
338
+7%
|
346
+2%
|
361
+4%
|
336
-7%
|
332
-1%
|
331
0%
|
375
+13%
|
384
+3%
|
392
+2%
|
400
+2%
|
374
-7%
|
429
+15%
|
447
+4%
|
465
+4%
|
504
+8%
|
518
+3%
|
406
-22%
|
380
-6%
|
328
-14%
|
261
-20%
|
352
+35%
|
349
-1%
|
356
+2%
|
381
+7%
|
343
-10%
|
380
+11%
|
418
+10%
|
473
+13%
|
551
+16%
|
564
+2%
|
556
-1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(33)
|
(28)
|
(21)
|
(18)
|
(16)
|
(14)
|
(7)
|
(8)
|
(3)
|
(8)
|
(14)
|
(16)
|
(15)
|
(3)
|
4
|
4
|
16
|
7
|
6
|
14
|
(6)
|
4
|
(10)
|
(17)
|
(23)
|
(47)
|
(67)
|
(84)
|
(90)
|
(88)
|
(69)
|
(62)
|
(58)
|
(55)
|
(57)
|
(60)
|
(69)
|
(77)
|
(87)
|
(98)
|
(99)
|
|
Non-Reccuring Items |
(4)
|
18
|
14
|
7
|
12
|
7
|
(5)
|
(3)
|
(10)
|
(29)
|
(29)
|
(36)
|
(37)
|
(23)
|
(22)
|
6
|
5
|
21
|
21
|
(1)
|
6
|
(11)
|
(17)
|
(15)
|
(22)
|
(50)
|
(141)
|
(195)
|
(207)
|
(233)
|
(142)
|
(135)
|
(161)
|
(146)
|
(159)
|
(134)
|
(97)
|
(64)
|
(52)
|
(68)
|
(86)
|
|
Total Other Income |
(14)
|
(12)
|
(11)
|
(11)
|
(9)
|
(10)
|
(13)
|
(15)
|
(18)
|
(19)
|
(20)
|
(20)
|
(19)
|
(18)
|
(18)
|
(18)
|
(19)
|
(27)
|
(24)
|
(25)
|
(26)
|
(23)
|
(27)
|
(28)
|
(29)
|
(28)
|
(27)
|
(28)
|
(27)
|
(28)
|
(26)
|
(26)
|
(28)
|
(27)
|
(29)
|
(31)
|
(31)
|
(36)
|
(43)
|
(38)
|
(38)
|
|
Pre-Tax Income |
198
N/A
|
218
+10%
|
229
+5%
|
238
+4%
|
245
+3%
|
262
+7%
|
262
0%
|
266
+2%
|
266
+0%
|
260
-2%
|
275
+6%
|
275
0%
|
289
+5%
|
292
+1%
|
296
+1%
|
323
+9%
|
377
+17%
|
386
+2%
|
395
+2%
|
389
-2%
|
348
-10%
|
400
+15%
|
393
-2%
|
405
+3%
|
429
+6%
|
393
-9%
|
171
-56%
|
74
-57%
|
5
-93%
|
(87)
N/A
|
116
N/A
|
127
+10%
|
108
-15%
|
154
+42%
|
99
-35%
|
156
+57%
|
222
+42%
|
296
+34%
|
369
+25%
|
361
-2%
|
333
-8%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(22)
|
(29)
|
(41)
|
(46)
|
(48)
|
(58)
|
(56)
|
(26)
|
(21)
|
(20)
|
(11)
|
(37)
|
(40)
|
(35)
|
(47)
|
(61)
|
(38)
|
(31)
|
(30)
|
(22)
|
(48)
|
(60)
|
(62)
|
(62)
|
(66)
|
(74)
|
(25)
|
(9)
|
10
|
40
|
(6)
|
6
|
3
|
(4)
|
7
|
(20)
|
(35)
|
(64)
|
(73)
|
(50)
|
(41)
|
|
Income from Continuing Operations |
175
|
189
|
189
|
192
|
197
|
204
|
206
|
240
|
245
|
240
|
264
|
237
|
249
|
257
|
249
|
262
|
339
|
355
|
365
|
367
|
300
|
340
|
332
|
343
|
363
|
319
|
146
|
65
|
15
|
(48)
|
110
|
133
|
112
|
150
|
106
|
136
|
187
|
232
|
296
|
311
|
292
|
|
Income to Minority Interest |
(4)
|
(1)
|
(1)
|
(1)
|
1
|
(3)
|
(3)
|
(4)
|
(3)
|
(1)
|
(1)
|
(1)
|
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(9)
|
(8)
|
(8)
|
(8)
|
(7)
|
(5)
|
(3)
|
0
|
0
|
(4)
|
(5)
|
(8)
|
(9)
|
(8)
|
(8)
|
(9)
|
(10)
|
(11)
|
(11)
|
|
Net Income (Common) |
173
N/A
|
190
+10%
|
186
-2%
|
191
+2%
|
198
+4%
|
202
+2%
|
204
+1%
|
230
+13%
|
235
+2%
|
230
-2%
|
254
+11%
|
234
-8%
|
244
+4%
|
252
+3%
|
243
-4%
|
254
+5%
|
330
+30%
|
346
+5%
|
356
+3%
|
356
+0%
|
290
-19%
|
330
+14%
|
322
-2%
|
335
+4%
|
355
+6%
|
311
-12%
|
139
-55%
|
60
-57%
|
11
-81%
|
(47)
N/A
|
110
N/A
|
129
+17%
|
106
-18%
|
142
+33%
|
97
-32%
|
128
+31%
|
179
+41%
|
223
+24%
|
286
+29%
|
300
+5%
|
279
-7%
|
|
EPS (Diluted) |
0.66
N/A
|
0.72
+9%
|
0.72
N/A
|
0.7
-3%
|
0.76
+9%
|
0.76
N/A
|
0.77
+1%
|
0.85
+10%
|
0.87
+2%
|
0.85
-2%
|
0.94
+11%
|
0.87
-7%
|
0.91
+5%
|
0.93
+2%
|
0.9
-3%
|
0.94
+4%
|
1.22
+30%
|
1.28
+5%
|
1.32
+3%
|
1.33
+1%
|
1.09
-18%
|
1.23
+13%
|
1.21
-2%
|
1.26
+4%
|
1.34
+6%
|
1.16
-13%
|
0.52
-55%
|
0.22
-58%
|
0.03
-86%
|
-0.16
N/A
|
0.39
N/A
|
0.4
+3%
|
0.35
-13%
|
0.45
+29%
|
0.3
-33%
|
0.4
+33%
|
0.57
+43%
|
0.7
+23%
|
0.9
+29%
|
0.94
+4%
|
0.87
-7%
|