Calfrac Well Services 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	20.21	10.38	190.67	11.68	-82.81	-324.24
Depreciation & Amortization	139.11	135.89	116.64	122.23	127.93	172.02
Loss (Gain) From Sale of Assets	2.16	0.85	-4.67	5.33	0.4	0.02
Asset Writedown & Restructuring Costs	12.69	12.69	-41.56	10.73	0.71	227.72
Stock-Based Compensation	-7.67	-1.17	5.12	2.78	2.27	1.51
Other Operating Activities	-10.92	-14.85	22.89	-10.86	-13.71	-57.07
Change in Accounts Receivable	11.31	-31.36	-9.57	-81.15	-50.35	77.16
Change in Inventory	26.26	-34.25	-17.65	-47.83	-18.72	16.46
Change in Accounts Payable	-41.51	19.33	8.25	55.67	16.93	-89.07
Change in Income Taxes	4.11	13.04	-2.56	2.83	-1.33	0.08
Change in Other Net Operating Assets	4.35	-9.54	-13.67	-4.55	3.35	-0.07
Operating Cash Flow	208.62	127.18	281.63	107.53	-15.34	24.52
Operating Cash Flow Growth	27.21%	-54.84%	161.91%	-	-	-81.43%
Capital Expenditures	-151.12	-186.13	-168.64	-79.81	-63.43	-46.19
Sale of Property, Plant & Equipment	5.63	14.73	22.55	3.58	0.94	1.7
Other Investing Activities	-3.95	1.75	1.32	1.91	1.2	1.97
Investing Cash Flow	-149.44	-169.65	-144.77	-74.33	-61.29	-42.52
Short-Term Debt Issued	-	-	-	15	-	-
Long-Term Debt Issued	-	119.97	92.2	17.76	59.56	142.32
Total Debt Issued	68.62	119.97	92.2	32.76	59.56	142.32
Short-Term Debt Repaid	-	-	-	-15	-	-
Long-Term Debt Repaid	-	-76.56	-188.67	-54.17	-13.89	-132.79
Total Debt Repaid	-125.71	-76.56	-188.67	-69.17	-13.89	-132.79
Net Debt Issued (Repaid)	-57.09	43.4	-96.47	-36.4	45.67	9.53
Issuance of Common Stock	0.33	0.54	12.34	2.87	0.18	-
Repurchase of Common Stock	-	-	-	-	-	-0.93
Financing Cash Flow	-56.76	43.94	-84.13	-33.53	45.85	8.6
Foreign Exchange Rate Adjustments	-5.27	4.11	-25.94	20.07	-0.4	-3.34
Net Cash Flow	-2.84	5.59	26.8	19.74	-31.18	-12.73
Free Cash Flow	57.51	-58.95	113	27.72	-78.77	-21.67
Free Cash Flow Growth	-	-	307.61%	-	-	-
Free Cash Flow Margin	3.89%	-3.76%	6.06%	1.85%	-8.95%	-3.07%
Free Cash Flow Per Share	0.67	-0.69	1.28	0.33	-2.10	-5.13
Cash Interest Paid	29.64	28.63	21.1	33.05	25.13	23
Cash Income Tax Paid	3.63	3.63	9.83	3.95	2.82	0.78
Levered Free Cash Flow	36.17	-72.83	50.05	33.36	-51	32.99
Unlevered Free Cash Flow	57.4	-50.07	71.71	63.87	-27.41	90.03
Change in Working Capital	4.51	-42.77	-35.19	-75.03	-50.13	4.56

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