CCL Industries Cash Flow Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	811.1	843.1	530.2	622.7	599.1	529.7
Depreciation & Amortization	455.7	432.4	403.3	365.3	342.4	346.4
Loss (Gain) From Sale of Assets	-0.5	-3	-9	-13.8	-5.9	-2.4
Asset Writedown & Restructuring Costs	-	-	95	-	-	-
Loss (Gain) From Sale of Investments	-	-78.1	-	-	-	-
Loss (Gain) on Equity Investments	-0.8	-18.9	-10.5	-13.5	-5	-6
Stock-Based Compensation	39.3	33.7	49.7	38.6	28.3	14.1
Other Operating Activities	1.2	-1.8	-29.1	-15.5	-6.5	31
Change in Accounts Receivable	-129.5	-142	39.2	23.6	-129.5	-43.2
Change in Inventory	-15	-77.5	77.4	-69.6	-125.9	-38.5
Change in Accounts Payable	27.9	70.7	-120.7	41.9	164	48.7
Change in Income Taxes	-1.2	-8.9	-0.8	-4	-2.5	9.7
Change in Other Net Operating Assets	31.7	14.2	-21.4	17.1	-19.8	-6.6
Operating Cash Flow	1,220	1,064	1,003	992.8	838.7	882.9
Operating Cash Flow Growth	9.97%	6.04%	1.06%	18.37%	-5.01%	13.26%
Capital Expenditures	-384.3	-462	-461.6	-447.2	-323.8	-282.8
Sale of Property, Plant & Equipment	24.6	4.6	17.9	27.8	16.9	16.2
Cash Acquisitions	-5.5	-142.9	-324.3	-287.2	-234.4	-161.4
Investing Cash Flow	-365.2	-600.3	-768	-706.6	-541.3	-428
Long-Term Debt Issued	-	236.8	330.9	1,011	41.3	916.3
Long-Term Debt Repaid	-	-260.4	-461.4	-718.4	-310.8	-1,275
Net Debt Issued (Repaid)	69.5	-23.6	-130.5	292.3	-269.5	-358.4
Issuance of Common Stock	-	6.3	28.6	5.4	50.5	25.8
Repurchase of Common Stock	-360	-200.6	-5.1	-200	-	-
Common Dividends Paid	-219.2	-206.4	-188.2	-170.3	-151	-128.7
Financing Cash Flow	-509.7	-424.3	-295.2	-72.6	-370	-461.3
Foreign Exchange Rate Adjustments	32.3	15.2	-5.4	23.8	-29	6.5
Net Cash Flow	377.3	54.5	-65.3	237.4	-101.6	0.1
Free Cash Flow	835.6	601.9	541.7	545.6	514.9	600.1
Free Cash Flow Growth	37.30%	11.11%	-0.71%	5.96%	-14.20%	38.30%
Free Cash Flow Margin	11.00%	8.31%	8.15%	8.55%	8.98%	11.45%
Free Cash Flow Per Share	4.73	3.35	3.01	3.04	2.85	3.34
Cash Income Tax Paid	280.4	257.5	246.4	206.9	196.8	138.6
Levered Free Cash Flow	682.91	403.13	486.95	394.36	392.09	497.19
Unlevered Free Cash Flow	737.35	457.19	543.76	441.93	432.09	542.13
Change in Working Capital	-86.1	-143.5	-26.3	9	-113.7	-29.9

Source: S&P Global Market Intelligence. Standard template. Financial Sources.