Tamarack Valley Energy 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	2016 - 2020
Period Ending	Jun '25 Jun 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	2016 - 2020
Net Income	250.57	162.22	94.2	345.2	390.51	-311.38	Upgrade
Depreciation & Amortization	581.11	593.8	639.14	385.36	-172.77	522.23	Upgrade
Loss (Gain) From Sale of Assets	36.91	84.08	125.95	-19.25	-8.74	-10.67	Upgrade
Stock-Based Compensation	9.6	11.24	5.46	3.88	5.97	5.5	Upgrade
Other Operating Activities	-24.25	-13.53	-113.16	-5.57	112.71	-86.76	Upgrade
Change in Other Net Operating Assets	-34.17	-4.59	-119.96	95.76	-29.79	6.37	Upgrade
Operating Cash Flow	819.77	833.21	631.63	805.38	297.89	125.29	Upgrade
Operating Cash Flow Growth	1.67%	31.91%	-21.57%	170.36%	137.76%	-38.95%	Upgrade
Capital Expenditures	-430.52	-450.91	-516.46	-458.58	-261.24	-198.46	Upgrade
Sale of Property, Plant & Equipment	23.37	-	141.48	76.85	46.22	15.53	Upgrade
Cash Acquisitions	-	-	-17.5	-948.88	-386.17	-3.9	Upgrade
Other Investing Activities	3.52	-2.48	14.46	60.05	20.14	5.27	Upgrade
Investing Cash Flow	-403.64	-453.38	-378.02	-1,271	-581.06	-181.56	Upgrade
Long-Term Debt Issued	-	-	66.6	546.65	265.31	16.7	Upgrade
Long-Term Debt Repaid	-	-190.41	-351.6	-132.08	-40.89	-2.35	Upgrade
Net Debt Issued (Repaid)	-169.04	-190.41	-285	414.57	224.42	14.35	Upgrade
Issuance of Common Stock	0.28	1.26	0.76	145.51	72.85	47.06	Upgrade
Repurchase of Common Stock	-214.37	-146.95	-9.58	-35.88	-12.98	-5.15	Upgrade
Common Dividends Paid	-79.17	-81.47	-83.52	-55.27	-	-	Upgrade
Other Financing Activities	37.76	42.92	125.94	-3.75	-1.01	-	Upgrade
Financing Cash Flow	-424.54	-374.66	-251.39	465.18	283.17	56.27	Upgrade
Net Cash Flow	-8.4	5.17	2.22	-	-	-	Upgrade
Free Cash Flow	389.25	382.31	115.17	346.8	36.65	-73.17	Upgrade
Free Cash Flow Growth	14.66%	231.95%	-66.79%	846.25%	-	-	Upgrade
Free Cash Flow Margin	27.75%	27.23%	8.19%	29.39%	6.12%	-37.04%	Upgrade
Free Cash Flow Per Share	0.74	0.70	0.21	0.75	0.10	-0.33	Upgrade
Cash Interest Paid	87.15	87.15	246.91	41.87	21.48	9.45	Upgrade
Cash Income Tax Paid	81.14	81.14	93.9	-	-	-	Upgrade
Levered Free Cash Flow	383.66	370.28	143.86	397.39	-125.88	98.19	Upgrade
Unlevered Free Cash Flow	434.47	426.79	208.69	427.76	-112.45	104.1	Upgrade
Change in Net Working Capital	19.79	-26.01	159.01	-190.98	18.92	-23.79	Upgrade

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