Due to rounding, numbers presented may not foot.) Unaudited Three months ended March 31, 2024 Equity Attributable to Common Shareholders of CSI Capital stockAccumulated other comprehensive income (loss)Retained earningsTotalNon-controlling interestsTotal equity Balance at January 1, 2024$99$(99)$1,876 $1,877 85 $1,961 Total comprehensive income (loss): Net income (loss) - - 105 105 (31) 74 Other comprehensive income (loss) Foreign currency translation differences from foreign operations and other, net of tax - (40) - (40) (8) (48) Total other comprehensive income (loss) - (40) - (40) (8) (48) Total comprehensive income (loss) - (40) 105 65 (40) 25 Transactions with owners, recorded directly in equity Non-controlling interests arising from business combinations - - - - (0) (0) Conversion of Lumine Special Shares to subordinate voting shares of Lumine and settlement of accrued dividend on Lumine Special Shares through the issuance of subordinate voting shares of Lumine - - - - 872 872 Conversion of Lumine Preferred Shares to subordinate voting shares of Lumine and settlement of accrued dividend on Lumine Preferred Shares through the issuance of subordinate voting shares of Lumine (6) 400 394 (394) - Other movements in non-controlling interests - - (1) (1) 1 0 Dividends paid to non-controlling interests - - - - (85) (85) Dividends to shareholders of the Company - - (21) (21) - (21) Balance at March 31, 2024$99$(145)$2,358 $2,313 $439 $2,752 CONSTELLATION SOFTWARE INC. Condensed Consolidated Interim Statement of Changes in Equity (In millions of U.S.dollars, except per share amounts.
Due to rounding, numbers presented may not foot.) Unaudited Three months ended March 31, 2023 Equity Attributable to Common Shareholders of CSI Capital stockAccumulated other comprehensive income (loss)Retained earningsTotalNon-controlling interestsTotal equity Balance at January 1, 2023$99$(150)$1,763 $1,713 $221 $1,933 Total comprehensive income (loss): Net income (loss) - - 94 94 (177) (83) Other comprehensive income (loss) Foreign currency translation differences from foreign operations and other, net of tax - 10 - 10 6 16 Total other comprehensive income (loss) - 10 - 10 6 16 Total comprehensive income (loss) - 10 94 105 (171) (67) Transactions with owners, recorded directly in equity Special dividend of Lumine Subordinate Voting Shares - 12 (378) (366) 366 - Acquisition of non-controlling interests - - - - (1) (1) Conversion of Lumine Special Shares to subordinate voting shares of Lumine - - - - 1 1 Other movements in non-controlling interests - 0 (4) (4) 4 (0) Dividends to shareholders of the Company - - (21) (21) - (21) Balance at March 31, 2023$ 99$ (128)$ 1,454 $ 1,426 $ 419 $ 1,845 CONSTELLATION SOFTWARE INC. Condensed Consolidated Interim Statements of Cash Flows (In millions of U.S.dollars, except per share amounts.
Due to rounding, numbers presented may not foot.) Unaudited Three months ended March 31, 2024 2023 Revenue License $88 $81 Professional services 470 411 Hardware and other 59 57 Maintenance and other recurring 1,737 1,369 2,353 1,919 Expenses Staff 1,293 1,068 Hardware 35 35 Third party license, maintenance and professional services 215 185 Occupancy 14 13 Travel, telecommunications, supplies, software and equipment 112 89 Professional fees 38 36 Other, net 50 38 Depreciation 44 39 Amortization of intangible assets 242 193 2,042 1,695 Foreign exchange loss (gain) (18) 10 IRGA/TSS Membership liability revaluation charge 81 39 Finance and other expense (income) (9) (7)Bargain purchase gain (2) (1)Impairment of intangible and other non-financial assets 10 2 Redeemable preferred securities expense (income) 58 188 Finance costs 67 36 186 267 Income (loss) before income taxes 125 (43) Current income tax expense (recovery) 127 103 Deferred income tax expense (recovery) (75) (62)Income tax expense (recovery) 52 40 Net income (loss) 74 (83) Net income (loss) attributable to: Common shareholders of Constellation Software Inc. 105 94 Non-controlling interests (31) (177)Net income (loss) 74 (83) Earnings per common share of Constellation Software Inc. Basic and diluted $4.95 $4.44 CONSTELLATION SOFTWARE INC. Condensed Consolidated Interim Statements of Comprehensive Income (loss) (In millions of U.S.dollars, except per share amounts.
The story " Constellation Software Inc. Reports First Quarter Results for the Fiscal Year Ended March 31, 2024, and Declares Quarterly Dividend." has 1300 words across 41 sentences, which will take approximately 6 - 11 minutes for the average person to read.
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