$CAE

CAE INC

CIK:0001173382|SEC Filings

Consolidated Income Statement - CAD ($) $ in Millions	12 Months Ended
Consolidated Income Statement - CAD ($) $ in Millions	Mar. 31, 2026	Mar. 31, 2025
Profit or loss [abstract]
Revenue	$ 4,914.0	$ 4,707.9
Cost of sales	3,523.2	3,407.8
Gross profit	1,390.8	1,300.1
Research and development expenses	144.0	123.2
Selling, general and administrative expenses	624.3	565.4
Other (gains) and losses	8.5	(13.3)
Share of after-tax profit of equity accounted investees	(82.7)	(88.3)
Restructuring, integration and acquisition costs	84.4	56.5
Gain on remeasurement of previously held equity interest	0.0	(72.6)
Operating income	612.3	729.2
Finance expense – net	212.1	215.5
Earnings before income taxes	400.2	513.7
Income tax expense	77.5	98.7
Net income	322.7	415.0
Attributable to:
Equity holders of the Company	313.1	405.3
Non-controlling interests	$ 9.6	$ 9.7
Earnings per share attributable to equity holders of the Company
Basic (in dollars per share)	$ 0.98	$ 1.27
Diluted (in dollars per share)	$ 0.97	$ 1.27

Consolidated Statement of Cash Flows - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Operating activities
Net income	$ 322.7	$ 415.0
Adjustments for:
Depreciation and amortization	460.1	414.7
Impairment of non-financial assets – net	58.8	7.1
Share of after-tax profit of equity accounted investees	(82.7)	(88.3)
Deferred income taxes	21.9	44.9
Investment tax credits	(7.7)	(10.1)
Equity-settled share-based payments expense	36.7	25.2
Defined benefit pension plans	18.1	34.6
Derivative financial assets and liabilities – net	13.8	(39.8)
Gain on remeasurement of previously held equity interest	0.0	(72.6)
Other	(12.1)	(31.3)
Changes in non-cash working capital	(37.7)	197.1
Net cash provided by operating activities	791.9	896.5
Investing activities
Business combinations, net of cash acquired	0.0	(308.0)
Property, plant and equipment expenditures	(287.8)	(356.2)
Proceeds from disposal of property, plant and equipment	5.4	19.4
Intangible assets expenditures	(73.7)	(87.9)
Net payments to equity accounted investees	(31.6)	(19.0)
Dividends received from equity accounted investees	79.6	28.7
Other	(11.2)	(9.3)
Net cash used in investing activities	(319.3)	(732.3)
Financing activities
Net repayment of borrowing under revolving credit facilities	0.0	(45.0)
Proceeds from long-term debt	89.5	331.5
Repayment of long-term debt	(278.9)	(321.3)
Repayment of lease liabilities	(61.1)	(59.9)
Net proceeds from the issuance of common shares	46.3	67.1
Repurchase and cancellation of common shares	(7.0)	(21.3)
Other	(1.5)	(0.9)
Net cash used in financing activities	(212.7)	(49.8)
Effect of foreign currency exchange differences on cash and cash equivalents	(1.2)	19.2
Net increase in cash and cash equivalents	258.7	133.6
Cash and cash equivalents, beginning of year	293.7	160.1
Cash and cash equivalents, end of year	$ 552.4	$ 293.7

Consolidated Statement of Financial Position - CAD ($) $ in Millions	Mar. 31, 2026	Mar. 31, 2025
Assets
Cash and cash equivalents	$ 552.4	$ 293.7
Accounts receivable	624.3	612.0
Contract assets	485.3	482.2
Inventories	454.8	595.0
Prepayments	77.2	78.2
Income taxes recoverable and tax credits recoverable	61.5	59.0
Derivative financial assets	9.7	23.5
Total current assets	2,265.2	2,143.6
Property, plant and equipment	2,993.0	2,989.5
Right-of-use assets	743.4	788.0
Intangible assets	3,692.2	3,871.0
Investment in equity accounted investees	572.7	559.1
Employee benefits assets	44.5	11.6
Deferred tax assets	147.6	191.8
Derivative financial assets	0.6	1.4
Other non-current assets	688.6	657.8
Total assets	11,147.8	11,213.8
Liabilities and equity
Accounts payable and accrued liabilities	935.1	1,190.8
Provisions	42.8	34.5
Income taxes payable	20.0	18.4
Contract liabilities	1,086.9	1,001.6
Current portion of long-term debt	252.0	399.0
Derivative financial liabilities	24.5	42.2
Total current liabilities	2,361.3	2,686.5
Provisions	11.2	14.3
Long-term debt	2,982.2	3,071.4
Employee benefits obligations	106.1	134.1
Deferred tax liabilities	38.3	40.7
Derivative financial liabilities	14.6	22.4
Other non-current liabilities	246.0	268.4
Total liabilities	5,759.7	6,237.8
Equity
Share capital	2,382.2	2,327.1
Contributed surplus	96.8	69.8
Accumulated other comprehensive income	347.2	381.8
Retained earnings	2,478.6	2,112.8
Equity attributable to equity holders of the Company	5,304.8	4,891.5
Non-controlling interests	83.3	84.5
Total equity	5,388.1	4,976.0
Total liabilities and equity	$ 11,147.8	$ 11,213.8