Air Canada 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	644	1,720	2,276	-1,700	-3,602
Depreciation & Amortization	1,873	1,668	1,585	1,526	1,518
Other Amortization	119	116	107	106	84
Asset Writedown & Restructuring Costs	-	-	-	4	38
Loss (Gain) From Sale of Investments	-37	-17	-45	86	36
Other Operating Activities	218	37	-370	737	80
Change in Other Net Operating Assets	840	406	767	1,609	344
Operating Cash Flow	3,657	3,930	4,320	2,368	-1,502
Operating Cash Flow Growth	-6.95%	-9.03%	82.43%	-	-
Capital Expenditures	-2,910	-2,636	-1,564	-1,572	-1,073
Sale of Property, Plant & Equipment	-	-	-	36	19
Investment in Securities	1,812	1,274	-245	-959	-862
Other Investing Activities	93	-1	-18	-3	47
Investing Cash Flow	-1,005	-1,363	-1,827	-2,498	-1,869
Long-Term Debt Issued	231	1,590	84	202	8,171
Long-Term Debt Repaid	-1,744	-3,956	-2,452	-1,814	-4,510
Net Debt Issued (Repaid)	-1,513	-2,366	-2,368	-1,612	3,661
Issuance of Common Stock	2	1	1	6	555
Repurchase of Common Stock	-859	-473	-	-	-
Other Financing Activities	-	-34	-1	-6	-205
Financing Cash Flow	-2,370	-2,872	-2,368	-1,612	4,011
Foreign Exchange Rate Adjustments	-5	6	-1	20	11
Net Cash Flow	277	-299	124	-1,722	651
Free Cash Flow	747	1,294	2,756	796	-2,575
Free Cash Flow Growth	-42.27%	-53.05%	246.23%	-	-
Free Cash Flow Margin	3.34%	5.81%	12.62%	4.81%	-40.23%
Free Cash Flow Per Share	2.33	3.44	7.33	2.22	-7.34
Cash Interest Paid	591	696	858	761	531
Cash Income Tax Paid	48	50	45	67	2
Levered Free Cash Flow	500	-253.25	2,036	1,185	-1,202
Unlevered Free Cash Flow	878.75	203.63	2,617	1,745	-744.5
Change in Working Capital	840	406	767	1,609	344

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