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NASDAQ Stock Down $ 163.27
TSX Stock Down $ 222.11
Growth Charts

Financial Highlights

Resilient and diversified business model

Almost three decades of compounded annual growth driven primarily by organic growth

    Year Ended December 31
(US$ thousands, except per share amounts) 2022 2021 2020 2019 2018
Operations    
Revenues 3,745,835 3,249,072 2,772,415 2,407,410 1,931,473
Operating earnings (loss) 219,026 201,642 169,412 (174,419) 127,568
Net earnings (loss) 145,007 156,130 109,590 (227,631) 90,280
Financial position    
Total assets 2,774,514 2,509,023 2,196,540 1,955,469 1,007,474
Long-term debt 734,463 652,804 589,604 766,623 334,523
Redeemable non-controlling interests 233,429 219,135 193,034 174,662 151,585
Shareholders' equity 907,466 799,722 660,398 425,887 236,226
Common share data    
Net earnings (loss) per common share:    
Basic 2.74 3.08 2.04 (6.58) 1.83
Diluted 2.72 3.05 2.02 (6.58) 1.80
Weighted average common shares
  outstanding (thousands)		    
Basic 44,175 43,841 42,756 38,225 35,952
Diluted 44,494 44,401 43,184 38,662 36,571
Cash dividends per common share 0.81 0.73 0.66 0.60 0.54
Other data    
Adjusted EBITDA3 351,732 327,376 283,722 235,182 190,611
Adjusted EPS3 4.24 4.57 3.46 3.00 2.61
Notes
  1. Adjusted EBITDA is defined as net earnings before income tax, interest, depreciation, amortization, other (income) expense, acquisition-related items, and stock-based compensation expense.
  2. Adjusted earnings per share is defined as diluted net earnings per common share, adjusted for the effect, after income tax, of the non-controlling interest redemption increment, amortization, acquisition-related items, and stock-based compensation expense.
  3. Adjusted EBITDA and Adjusted EPS as presented above are non-GAAP measures. Investors should consider non-GAAP measures in addition to, not as a substitute for, the comparable GAAP measures. Please visit www.sedarplus.ca to view our annual and interim MD&As, under Reconciliation of non-GAAP financial measures, for each of the above mentioned periods for a description of each non-GAAP measure as well as the reconciliations to GAAP measures.