Converge Technology Solutions (CTS.TO) Financial Statements
Price: $5.465
Market Cap: $1.03B
Avg Volume: 1.41M
Market Cap: $1.03B
Avg Volume: 1.41M
Country: CA
Industry: Information Technology Services
Sector: Technology
Industry: Information Technology Services
Sector: Technology
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Converge Technology Solutions.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.59B | $2.71B | $2.16B | $1.53B | $948.80M | $687.80M | $459.19M | $52.79M | $- |
| Cost of Revenue | $1.90B | $2.11B | $1.61B | $1.18B | $715.79M | $526.21M | $369.22M | $42.14M | $- |
| Gross Profit | $691.44M | $591.43M | $550.77M | $345.70M | $233.01M | $161.59M | $89.97M | $10.65M | $- |
| Gross Profit Ratio | 26.68% | 21.90% | 25.44% | 22.60% | 24.56% | 23.49% | 19.59% | 20.18% | 0.00% |
| Research and Development Expenses | $- | $2.44M | $845.00K | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $537.81M | $544.81M | $421.94M | $259.49M | $181.41M | $134.87M | $74.45M | $10.45M | $- |
| Selling and Marketing Expenses | $2.96M | $1.73M | $-245.00K | $-339.00K | $416.00K | $2.08M | $1.20M | $411.00K | $- |
| Selling General and Administrative Expenses | $540.78M | $544.81M | $421.69M | $259.15M | $181.82M | $136.95M | $75.66M | $10.45M | $3.26M |
| Other Expenses | $150.67M | $- | $75.11M | $36.47M | $21.47M | $13.06M | $-7.22M | $-1.58M | $- |
| Operating Expenses | $691.44M | $547.25M | $496.81M | $295.62M | $203.29M | $150.01M | $80.75M | $11.64M | $3.26M |
| Cost and Expenses | $2.59B | $2.66B | $2.11B | $1.48B | $919.08M | $676.22M | $449.98M | $53.78M | $3.26M |
| Interest Income | $- | $- | $17.49M | $6.90M | $15.96M | $15.97M | $- | $- | $- |
| Interest Expense | $30.98M | $41.23M | $19.86M | $7.80M | $19.67M | $16.03M | $7.55M | $- | $- |
| Depreciation and Amortization | $100.46M | $119.98M | $80.06M | $39.59M | $26.57M | $17.89M | $6.96M | $783.00K | $3.26M |
| EBITDA | $-69.08M | $142.64M | $118.71M | $71.36M | $43.75M | $21.16M | $15.78M | $-1.79M | $- |
| EBITDA Ratio | -2.67% | 5.27% | 6.98% | 5.74% | 5.42% | 5.20% | 1.95% | -3.39% | 0.00% |
| Operating Income | $- | $46.62M | $70.99M | $48.11M | $24.41M | $17.87M | $1.99M | $-2.57M | $-3.26M |
| Operating Income Ratio | 0.00% | 1.72% | 3.28% | 3.15% | 2.57% | 2.60% | 0.43% | -4.87% | 0.00% |
| Total Other Income Expenses Net | $-200.52M | $-65.18M | $-111.90M | $-28.13M | $-36.34M | $-27.39M | $-24.80M | $-3.04M | $- |
| Income Before Tax | $-200.52M | $-18.57M | $18.79M | $23.97M | $-2.50M | $-12.76M | $-15.59M | $-4.03M | $-3.26M |
| Income Before Tax Ratio | -7.74% | -0.69% | 0.87% | 1.57% | -0.26% | -1.85% | -3.39% | -7.63% | 0.00% |
| Income Tax Expense | $-19.53M | $-12.17M | $-4.06M | $7.61M | $1.67M | $-1.92M | $2.65M | $2.49M | $- |
| Net Income | $-177.71M | $-1.45M | $27.28M | $16.37M | $-4.17M | $-10.84M | $-18.24M | $-3.92M | $-3.26M |
| Net Income Ratio | -6.86% | -0.05% | 1.26% | 1.07% | -0.44% | -1.58% | -3.97% | -7.42% | 0.00% |
| EPS | $-0.90 | $-0.01 | $0.13 | $0.09 | $-0.04 | $-0.14 | $-0.28 | $-2.95 | $0.00 |
| EPS Diluted | $-0.90 | $-0.01 | $0.13 | $0.08 | $-0.04 | $-0.14 | $-0.28 | $-2.95 | $0.00 |
| Weighted Average Shares Outstanding | 197.71M | 206.67M | 213.10M | 185.81M | 102.95M | 77.41M | 64.34M | 1.33M | - |
| Weighted Average Shares Outstanding Diluted | 197.71M | 206.67M | 215.81M | 187.94M | 102.95M | 77.41M | 64.34M | 1.33M | - |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $142.46M | $169.87M | $159.89M | $248.19M | $64.77M | $20.59M | $10.48M | $7.79M | $1.00K |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $142.46M | $169.87M | $159.89M | $248.19M | $64.77M | $20.59M | $10.48M | $7.79M | $1.00K |
| Net Receivables | $1.00B | $814.23M | $781.68M | $416.50M | $364.31M | $220.14M | $128.33M | $42.22M | $- |
| Inventory | $62.94M | $73.17M | $158.43M | $104.25M | $37.87M | $23.38M | $12.39M | $11.16M | $- |
| Other Current Assets | $31.01M | $27.62M | $28.28M | $11.76M | $10.38M | $23.08M | $11.65M | $5.92M | $- |
| Total Current Assets | $1.24B | $1.08B | $1.13B | $780.71M | $477.32M | $287.18M | $162.85M | $67.09M | $1.00K |
| Property Plant Equipment Net | $69.70M | $75.49M | $88.35M | $30.64M | $23.56M | $27.43M | $7.36M | $3.19M | $- |
| Goodwill | $404.71M | $564.77M | $563.85M | $323.28M | $110.07M | $80.27M | $32.61M | $14.55M | $- |
| Intangible Assets | $265.88M | $375.18M | $463.75M | $233.59M | $108.92M | $92.05M | $46.03M | $24.03M | $- |
| Goodwill and Intangible Assets | $670.59M | $939.95M | $1.03B | $556.87M | $218.99M | $172.32M | $78.65M | $38.58M | $- |
| Long Term Investments | $4.79M | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $204.21M | $53.58M | $4.65M | $617.00K | $749.00K | $1.95M | $7.44M | $- | $- |
| Total Non-Current Assets | $949.29M | $1.07B | $1.12B | $588.13M | $243.30M | $201.70M | $93.45M | $41.76M | $- |
| Other Assets | $- | $- | $- | $- | $1.00K | $- | $- | $- | $- |
| Total Assets | $2.19B | $2.15B | $2.25B | $1.37B | $720.62M | $488.88M | $256.30M | $108.85M | $1.00K |
| Account Payables | $1.20B | $913.99M | $824.92M | $519.43M | $398.00M | $248.22M | $135.70M | $51.10M | $272.00K |
| Short Term Debt | $639.00K | $456.00K | $437.53M | $816.00K | $140.85M | $162.20M | $80.40M | $37.50M | $- |
| Tax Payables | $- | $9.29M | $7.11M | $13.98M | $764.00K | $660.00K | $390.00K | $- | $- |
| Deferred Revenue | $81.11M | $59.33M | $60.21M | $27.58M | $17.38M | $9.74M | $4.63M | $1.63M | $- |
| Other Current Liabilities | $39.88M | $54.06M | $108.13M | $29.41M | $14.55M | $24.40M | $20.22M | $12.06M | $- |
| Total Current Liabilities | $1.32B | $1.04B | $1.44B | $591.22M | $571.55M | $445.21M | $236.71M | $100.65M | $272.00K |
| Long Term Debt | $255.46M | $414.69M | $37.84M | $412.00K | $13.92M | $27.46M | $16.16M | $3.53M | $- |
| Deferred Revenue Non-Current | $- | $- | $-39.49M | $- | $- | $- | $- | $-3.01M | $- |
| Deferred Tax Liabilities Non-Current | $28.80M | $67.17M | $102.98M | $43.09M | $12.58M | $5.86M | $3.73M | $3.75M | $- |
| Other Non-Current Liabilities | $218.69M | $20.98M | $39.34M | $85.30M | $20.82M | $20.22M | $7.93M | $8.88M | $- |
| Total Non-Current Liabilities | $502.96M | $502.84M | $180.16M | $128.79M | $47.32M | $53.55M | $24.09M | $12.41M | $- |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $1.83B | $1.54B | $1.62B | $720.01M | $618.87M | $498.76M | $260.80M | $113.06M | $272.00K |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $555.52M | $599.43M | $595.02M | $633.49M | $135.35M | $20.61M | $17.83M | $1.00K | $1.00K |
| Retained Earnings | $-241.92M | $-28.17M | $-18.44M | $-25.05M | $-39.28M | $-37.88M | $-22.43M | $-4.19M | $-272.00K |
| Accumulated Other Comprehensive Income Loss | $28.60M | $3.96M | $13.71M | $329.00K | $817.00K | $69.00K | $-715.00K | $-24.00K | $- |
| Other Total Stockholders Equity | $16.53M | $10.97M | $7.92M | $2.33M | $1 | $7.32M | $812.00K | $0 | $- |
| Total Stockholders Equity | $358.74M | $586.20M | $599.91M | $613.49M | $101.75M | $-9.88M | $-4.50M | $-4.21M | $-271.00K |
| Total Equity | $358.74M | $612.15M | $630.81M | $648.83M | $101.75M | $-9.88M | $-4.50M | $-4.21M | $-271.00K |
| Total Liabilities and Stockholders Equity | $2.19B | $2.15B | $2.25B | $1.37B | $720.62M | $488.88M | $256.30M | $108.85M | $1.00K |
| Minority Interest | $- | $25.95M | $30.90M | $35.34M | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $2.19B | $2.15B | $2.25B | $1.37B | $720.62M | $488.88M | $256.30M | $108.85M | $1.00K |
| Total Investments | $4.79M | $-547.00K | $- | $- | $- | $- | $- | $- | $- |
| Total Debt | $256.10M | $433.29M | $421.73M | $1.23M | $139.16M | $165.44M | $88.49M | $37.24M | $- |
| Net Debt | $113.65M | $262.87M | $261.84M | $-246.97M | $74.40M | $144.85M | $78.01M | $29.46M | $-1.00K |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-180.99M | $-1.45M | $22.84M | $16.37M | $-4.17M | $-10.84M | $-18.24M | $-3.92M | $-3.26M |
| Depreciation and Amortization | $100.46M | $119.98M | $80.06M | $39.59M | $27.05M | $17.89M | $6.96M | $783.00K | $- |
| Deferred Income Tax | $-19.53M | $-33.89M | $-4.06M | $7.61M | $1.67M | $-1.92M | $2.65M | $-111.00K | $- |
| Stock Based Compensation | $5.86M | $3.69M | $5.59M | $2.33M | $- | $- | $- | $- | $- |
| Change in Working Capital | $148.46M | $90.75M | $-77.17M | $7.63M | $6.26M | $4.36M | $-4.61M | $7.36M | $- |
| Accounts Receivables | $-261.92M | $-98.25M | $-125.84M | $33.00M | $-114.00M | $-32.76M | $-87.02M | $1.28M | $- |
| Inventory | $14.39M | $81.76M | $38.15M | $-56.55M | $-10.89M | $-7.73M | $-1.23M | $-8.54M | $- |
| Accounts Payables | $- | $111.33M | $33.17M | $25.80M | $123.62M | $45.42M | $80.78M | $15.14M | $- |
| Other Working Capital | $395.99M | $-4.09M | $-22.65M | $5.38M | $7.53M | $-563.00K | $2.86M | $-508.00K | $- |
| Other Non Cash Items | $215.12M | $50.46M | $14.31M | $13.55M | $20.80M | $17.32M | $15.00M | $1.71M | $3.26M |
| Net Cash Provided by Operating Activities | $269.38M | $229.54M | $41.59M | $87.06M | $51.60M | $26.81M | $1.07M | $5.79M | $- |
| Investments in Property Plant and Equipment | $-1.44M | $-10.83M | $-23.94M | $-6.31M | $-4.99M | $-1.80M | $-2.28M | $-320.00K | $- |
| Acquisitions Net | $- | $- | $-418.15M | $-260.55M | $-43.79M | $-55.19M | $-26.21M | $-34.07M | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-37.67M | $-93.10M | $-21.34M | $-10.94M | $-17.81M | $-9.77M | $-5.18M | $- | $- |
| Net Cash Used for Investing Activities | $-39.12M | $-103.93M | $-463.43M | $-277.80M | $-66.59M | $-66.77M | $-33.66M | $-34.39M | $- |
| Debt Repayment | $-159.65M | $-61.26M | $392.11M | $-149.96M | $-36.19M | $63.72M | $43.08M | $38.73M | $- |
| Common Stock Issued | $- | $- | $- | $493.88M | $103.60M | $2.34M | $12.23M | $- | $- |
| Common Stock Repurchased | $-71.51M | $-17.39M | $-40.00M | $- | $-2.12M | $- | $- | $- | $- |
| Dividends Paid | $-10.78M | $-6.16M | $-1.08M | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-22.89M | $-29.04M | $-14.72M | $27.46M | $-6.74M | $-14.99M | $-10.30M | $-2.35M | $12.00K |
| Net Cash Used Provided by Financing Activities | $-264.82M | $-113.84M | $336.31M | $371.38M | $58.54M | $52.41M | $35.60M | $36.38M | $12.00K |
| Effect of Forex Changes on Cash | $7.95M | $-1.79M | $-2.77M | $2.78M | $628.00K | $-2.35M | $-313.00K | $5.00K | $- |
| Net Change in Cash | $-27.69M | $10.53M | $-88.30M | $183.43M | $44.18M | $10.11M | $2.70M | $7.79M | $12.00K |
| Cash at End of Period | $142.73M | $169.87M | $159.89M | $248.19M | $64.77M | $20.59M | $10.48M | $7.79M | $12.00K |
| Cash at Beginning of Period | $170.42M | $159.89M | $248.19M | $64.77M | $20.59M | $10.48M | $7.79M | $1.00K | $- |
| Operating Cash Flow | $269.38M | $229.54M | $41.59M | $87.06M | $51.60M | $26.81M | $1.07M | $5.79M | $- |
| Capital Expenditure | $-1.44M | $-10.83M | $-23.94M | $-6.31M | $-4.99M | $-1.80M | $-2.28M | $-320.00K | $- |
| Free Cash Flow | $267.94M | $218.71M | $17.64M | $80.75M | $46.61M | $25.01M | $-1.21M | $5.47M | $- |