Interfor 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	-344.4	-304.3	-266.8	598.2	819.01
Depreciation & Amortization	183.4	219.3	228.5	194.6	126.57
Other Amortization	0.9	0.6	0.7	0.5	0.31
Loss (Gain) From Sale of Assets	32.7	16.6	1.1	-13.7	-31.31
Asset Writedown & Restructuring Costs	71.5	84.4	57.3	3.2	5.64
Loss (Gain) From Sale of Investments	9.8	12.3	16.6	11.8	-
Stock-Based Compensation	0.1	0.4	0.8	1	0.86
Other Operating Activities	27.9	24.9	104.5	-276.7	146.38
Change in Accounts Receivable	24.8	80.8	-7.5	135.4	-29.16
Change in Inventory	61.1	61.2	55.1	141	-53.19
Change in Accounts Payable	-21.7	-57.9	-69.9	-63.6	65.43
Change in Other Net Operating Assets	-1.5	6	-0.6	0.7	1.83
Operating Cash Flow	44.6	144.3	119.8	732.4	1,052
Operating Cash Flow Growth	-69.09%	20.45%	-83.64%	-30.40%	99.78%
Capital Expenditures	-90.3	-74.1	-199.4	-305.5	-176.74
Sale of Property, Plant & Equipment	17.1	26.6	-	32	59.5
Cash Acquisitions	-	-	0.5	-911.4	-539.94
Sale (Purchase) of Intangibles	-	-	-	-	-0.03
Investment in Securities	2.5	2.5	3.3	-58.8	0.71
Other Investing Activities	-7.1	35.1	5.8	-	-
Investing Cash Flow	-77.8	-9.9	-189.8	-1,244	-656.49
Long-Term Debt Issued	14.5	45.3	128.2	399.8	2.2
Long-Term Debt Repaid	-70.1	-138	-25.5	-23.5	-19.99
Net Debt Issued (Repaid)	-55.6	-92.7	102.7	376.3	-17.79
Issuance of Common Stock	137.1	0.1	0.1	0.4	2.98
Repurchase of Common Stock	-	-	-	-327.8	-152.87
Other Financing Activities	-57.4	-56.9	-53.1	-17.9	-17.94
Financing Cash Flow	24.1	-149.5	49.7	31	-316.25
Foreign Exchange Rate Adjustments	-2.1	3.5	-2.3	19.3	1.53
Net Cash Flow	-11.2	-11.6	-22.6	-461	81.17
Free Cash Flow	-45.7	70.2	-79.6	426.9	875.64
Free Cash Flow Growth	-	-	-	-51.25%	143.37%
Free Cash Flow Margin	-1.63%	2.32%	-2.40%	9.31%	26.62%
Free Cash Flow Per Share	-0.83	1.36	-1.55	7.75	13.73
Cash Interest Paid	54.1	56.9	52.9	17.1	16.78
Cash Income Tax Paid	18.1	-70.2	-99.1	472	154.85
Levered Free Cash Flow	-13.49	140.89	-40.24	190.64	674.15
Unlevered Free Cash Flow	46.8	185.23	1	204.33	686.14
Change in Working Capital	62.7	90.1	-22.9	213.5	-15.09

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