LFL Group - Corporate Overview

($ in thousands)

$2,454,789

($ in thousands)

($ per share)

^{(1) For year-on-year comparability, 2021 excludes the substantial issuer bid and special dividends. 2020 excludes special dividends.}

($ in thousands, except amounts per share)	2023	2022	2021	2020	2019
Revenue	$2,454,789	$2,517,659	$2,512,670	$2,220,180	$2,283,411
Cost of sales	1,371,612	1,408,226	1,404,446	1,236,258	1,284,826
Gross Profit	$1,083,177	$1,109,433	$1,108,224	$983,922	$998,585
Operating expenses	900,699	873,212	831,845	773,437	855,539
Income before income taxes	182,478	236,221	276,379	210,485	143,046
Provision for income taxes	43,623	56,792	69,221	47,235	36,117
Net income	$138,855	$179,429	$207,158	$163,250	$106,929
Common shares outstanding (weighted average '000s)	67,963	67,512	77,623	79,799	77,595
Earnings per common share	$2.04	$2.66	$2.67	$2.05	$1.38
Percent annual change in sales	-2.5%	0.2%	13.2%	(2.8%)	1.9%
Net income as a percentage of sales	5.7%	7.1%	8.2%	7.4%	4.7%
Dividend declared	$44,863	$43,238	$146,092	$69,977	$43,445

($ in thousands, except amounts per share)	2023	2022	2021	2020	2019
Shareholders′ equity	$1,028,524	$928,885	$791,193	$1,016,003	$915,764
Total assets	2,221,839	2,193,643	2,453,133	2,418,589	2,146,461
Purchase of capital assets	42,103	26,798	14,896	43,493	32,931
Working capital	212,975	241,677	124,455	161,286	100,206
Shareholders′ equity per common share	15.13	13.76	14.01	13.03⁽²⁾	11.80
Common share price range on the Toronto Stock Exchange
High	$23.85	$25.13	$26.30	$21.68	$17.29
Low	$16.56	$15.00	$20.09	$10.25	$14.01

^{(2) For year-on-year comparability, 2021 excludes the substantial issuer bid and special dividends. 2020 excludes special dividends.}