Page 8 - CU Solutions Group Annual Shareholder Report

TREASURER’S REPORT, SCOTT MCFARLAND

CU Solutions Group had a very strong year in 2021. The company
exceeded its net income goals due to positive operating results
and favorable performance of investments. Net income of $6.7
million in 2021 led to a dividend payout of $3.4 million to share-
holders, which was the company’s eleventh consecutive year for
paying dividends.
Additional year-end highlights included:

• 2021 revenue of $29.9 million
• Total shareholders’ equity grew $3.4 million, or 4.5 percent, as
a result of $6.7 million in net income, half of which was paid out
as shareholder dividends
• Assets totaled $98.4 million and included $48.6 million in cash
and marketable securities
• New investments in Think|Stack and Marquis and the acquisition
of CU Training in Canada
• CUSG’s stock portfolio posted gains of 31%, an increase of
$6 million
As CUSG transitions into 2022 and navigates the year’s unique
challenges, the CUSG board and executive management contin-
ue to strategize ways to grow and strengthen the balance sheet
and provide value for its shareholders, customers and employees.

Respectfully,

Scott McFarland
Secretary/Treasurer, CU Solutions Group

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