Altus Group Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	371.95	13.42	10.23	-0.89	25.69
Depreciation & Amortization	24.59	30.72	36.28	43.04	39.25
Other Amortization	15.8	19.7	21.66	16.48	7.33
Loss (Gain) From Sale of Assets	-461.11	-2.03	0.45	0.83	-0.25
Asset Writedown & Restructuring Costs	16.6	6.68	-0.57	6.91	-
Loss (Gain) From Sale of Investments	-3.56	-0.65	-2.76	7.02	-2.93
Loss (Gain) on Equity Investments	-1.67	-2.95	-3.15	-3.01	-1.19
Stock-Based Compensation	20.55	23.67	23.07	29.38	23.94
Other Operating Activities	-362.07	-44.74	-39.68	-17.17	-16.7
Change in Other Net Operating Assets	14.58	29.08	-28.13	-5.5	-18.83
Operating Cash Flow	82.11	79.92	71.43	77.09	56.31
Operating Cash Flow Growth	2.74%	11.89%	-7.34%	36.90%	-22.12%
Capital Expenditures	-2.68	-1.39	-4.83	-5.43	-5.97
Cash Acquisitions	-	-	-25.09	-29.85	-358.86
Sale (Purchase) of Intangibles	-1.61	-6.06	-7.66	-19.05	-4.66
Investment in Securities	5.29	-0.79	2.66	0.28	-3.83
Other Investing Activities	632.28	11.02	-	-	-
Investing Cash Flow	633.27	2.77	-34.92	-54.06	-373.32
Long-Term Debt Issued	50.59	34.43	72.15	84.5	341.02
Long-Term Debt Repaid	-189.94	-88.3	-98.69	-72.12	-190.89
Net Debt Issued (Repaid)	-139.35	-53.88	-26.54	12.38	150.14
Issuance of Common Stock	17.86	17.68	10.42	8.16	178.59
Repurchase of Common Stock	-189.01	-14.53	-9.6	-12.61	-6.31
Common Dividends Paid	-24.37	-24.73	-26.58	-24.7	-21.56
Other Financing Activities	-0.95	-0.17	0.52	-1.9	-0.41
Financing Cash Flow	-335.81	-75.62	-51.78	-18.67	300.43
Foreign Exchange Rate Adjustments	-9.47	1.63	1.9	-0.37	-1.79
Net Cash Flow	370.1	8.7	-13.38	4	-18.37
Free Cash Flow	79.43	78.53	66.6	71.65	50.34
Free Cash Flow Growth	1.15%	17.91%	-7.05%	42.33%	-26.74%
Free Cash Flow Margin	15.79%	16.22%	13.07%	9.74%	8.05%
Free Cash Flow Per Share	1.81	1.68	1.47	1.60	1.17
Cash Interest Paid	7.49	19.25	21.5	13.64	5.83
Cash Income Tax Paid	6.67	22.89	14.65	13.52	16.59
Levered Free Cash Flow	640.49	-30.83	41.15	98.64	127.72
Unlevered Free Cash Flow	647.45	-18.46	56.64	103.46	131.84
Change in Working Capital	14.58	29.08	-28.13	-5.5	-18.83

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