LFL Group - Corporate Overview

($ in thousands)

$2,512,670

($ 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)	2021	2020	2019	2018	2017
Revenue	$2,512,670	$2,220,180	$2,283,411	$2,241,437	$2,215,379
Cost of sales	1,404,446	1,236,258	1,284,826	1,264,561	1,261,112
Gross Profit	$1,108,224	$983,922	$998,585	$976,876	$954,267
Operating expenses	831,845	773,437	855,539	826,286	822,838
Income before income taxes	276,379	210,485	143,046	150,590	131,429
Provision for income taxes	69,221	47,235	36,117	39,560	34,836
Net income	$207,158	$163,250	$106,929	$111,030	$96,593
Common shares outstanding (weighted average '000s)	77,623	79,799	77,595	76,368	72,904
Earnings per common share	$2.67	$2.05	$1.38	$1.45	$1.32
Percent annual change in sales	13.2%	(2.8%)	1.9%	1.2%	3.3%
Net income as a percentage of sales	8.2%	7.4%	4.7%	5.0%	4.4%
Dividend declared	$146,092	$69,977	$43,445	$39,716	$35,136

($ in thousands, except amounts per share)	2021	2020	2019	2018	2017
Shareholders′ equity	$791,193	$1,016,003	$915,764	$857,362	$773,048
Total assets	2,453,133	2,418,589	2,146,461	1,723,572	1,661,455
Purchase of capital assets	14,896	43,493	32,931	19,650	55,041
Working capital	(34,455)	161,286	100,206	198,445	162,328
Shareholders′ equity per common share	14.01	13.03⁽²⁾	11.80	11.23	10.60
Common share price range on the Toronto Stock Exchange
High	$26.30	$21.68	$17.29	$19.50	$19.57
Low	$20.09	$10.25	$14.01	$14.70	$16.19

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