CES Energy Solutions 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	178.28	191.11	154.64	95.22	49.88	-222.9
Depreciation & Amortization	98.61	84.73	71.96	71.66	65.16	72.15
Other Amortization	0.95	0.95	0.88	2.83	2.82	3.36
Loss (Gain) From Sale of Assets	-5.41	-2.51	-5.83	-3.99	-6.86	15.72
Asset Writedown & Restructuring Costs	-	-	-	-	-	248.91
Stock-Based Compensation	9.75	11.71	9.73	6.34	7.17	11.54
Other Operating Activities	26.82	7.02	20.26	22.96	-0.91	-56.42
Change in Other Net Operating Assets	-69.04	11.66	50.13	-197.76	-191.66	84.33
Operating Cash Flow	239.96	304.66	301.78	-2.74	-74.41	156.68
Operating Cash Flow Growth	-14.82%	0.96%	-	-	-	-16.35%
Capital Expenditures	-88.13	-88.64	-72.18	-52.39	-25.89	-24.58
Sale of Property, Plant & Equipment	11.06	7.53	11.16	8.57	17.91	11.6
Cash Acquisitions	-13.64	-10.21	-1.52	-9.56	-	-0.15
Sale (Purchase) of Intangibles	-11.55	-4.47	-1.72	-0.78	-1.54	-1.18
Investment in Securities	-	-	-	7.37	-	-
Other Investing Activities	-2.89	0.57	-7.58	-	-3.25	-2.58
Investing Cash Flow	-105.15	-95.22	-71.83	-46.79	-12.76	-16.89
Long-Term Debt Issued	-	204.77	250	95.3	109.51	-
Long-Term Debt Repaid	-	-284.27	-384.3	-24.2	-20.35	-104.62
Net Debt Issued (Repaid)	24.63	-79.51	-134.3	71.1	89.16	-104.62
Repurchase of Common Stock	-126.91	-103.06	-70.94	-5.24	-16.17	-11.25
Common Dividends Paid	-32.53	-26.88	-22.53	-16.33	-4.08	-4.27
Other Financing Activities	-	-	-2.18	-	-	-
Financing Cash Flow	-134.81	-209.45	-229.95	49.53	68.91	-120.14
Foreign Exchange Rate Adjustments	-	-	-	-	-	-1.41
Net Cash Flow	-	-	-	-	-18.25	18.25
Free Cash Flow	151.83	216.02	229.6	-55.13	-100.29	132.1
Free Cash Flow Growth	-22.38%	-5.92%	-	-	-	-4.83%
Free Cash Flow Margin	6.24%	9.18%	10.61%	-2.87%	-8.38%	14.88%
Free Cash Flow Per Share	0.67	0.91	0.90	-0.21	-0.38	0.50
Cash Interest Paid	33.69	34.08	41.92	29.03	21.34	23.35
Cash Income Tax Paid	40.87	29.29	10.21	5.9	2.62	4.16
Levered Free Cash Flow	91.06	143.63	189.06	-108.03	-100.35	142.78
Unlevered Free Cash Flow	112.8	165.88	216.46	-88.58	-86.26	157.85
Change in Working Capital	-69.04	11.66	50.13	-197.76	-191.66	84.33

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