STANTEC INC
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2024 · Filed Feb 25, 2025
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Contents
EX-99.3 · Commitments
- Commitments
The Company has various lease commitments included in lease liabilities (note 11). In addition, the Company has commitments for variable lease payments, short-term leases, and leases of low-value assets. These commitments as at December 31, 2024, are as follows:
| Total$ | Less than 1 Year$ | 1 to 3 Years$ | After 3 Years$ | |
|---|---|---|---|---|
| Variable lease payments and other | 293.9 | 55.9 | 92.2 | 145.8 |
| Leases not commenced but committed | 8.7 | 0.9 | 2.7 | 5.1 |
| Software financing not commenced but committed | 9.9 | 2.2 | 4.4 | 3.3 |
| 312.5 | 59.0 | 99.3 | 154.2 |
Future minimum payments receivable under non-cancelable sublease agreements as at December 31, 2024 are $46.0 (2023 - $41.4) and are due over the next 9 years, of which $21.5 (2023 - $18.8) relates to sublease receivables included in other assets (note 14).
| Notes to the Consolidated Financial StatementsIn Millions of Canadian Dollars Except Number of Shares and Per Share DataDecember 31, 2024 | F-39 | Stantec Inc. |
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