CAE Inc cash flow statement

In fiscal 2026, CAE Inc's operations generated $573m of cash; it spent $208m on capital projects, leaving free cash flow of $365m. It returned $5.1m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

CAE Inc: cash flow statement, annual
Fiscal year	2017Mar 2017	2018Mar 2018	2019Mar 2019	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Cash from operations	354	314	405	410	278	334	309	420	645	573
Depreciation and amortisation	—	—	166	230	242	248	259	278	298	333
Stock-based pay	22	18	7	11	7	5	5	11	18	27
Capital spending	170	136	192	213	81	217	203	245	256	208
Free cash flow	184	179	213	197	196	116	106	176	389	365
Free cash flow after stock pay	162	161	205	186	189	111	101	165	370	338
Dividends paid	61	70	76	83	0	—	—	—	—	—
Share buybacks	—	—	—	—	—	—	—	0	15	5

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from CAE Inc's SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to CAE Inc.