Cardinal 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
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	76.53	108.35	103.6	302.69	284.42	-363.16
Depreciation & Amortization	114.25	114	111.3	64.11	-132.21	-47.36
Loss (Gain) From Sale of Assets	-	-	-3.01	-0.24	-28.56	1.83
Asset Writedown & Restructuring Costs	-	-	-	-	-	343
Stock-Based Compensation	9.28	8.94	8.08	7.19	4.41	3.75
Other Operating Activities	14.8	23.92	10.58	-30.58	-2.52	102.93
Change in Other Net Operating Assets	1.55	-7.68	-0.27	-5.91	-0.41	2.55
Operating Cash Flow	216.4	247.54	230.26	337.26	125.12	43.53
Operating Cash Flow Growth	-17.96%	7.50%	-31.73%	169.55%	187.47%	-63.72%
Capital Expenditures	-238.58	-186.56	-109.11	-120.66	-56.4	-31.51
Sale of Property, Plant & Equipment	-	-	11.56	0.43	10.38	-
Cash Acquisitions	-	-	-24.6	-	-15.81	-
Other Investing Activities	-1.1	22.59	7.52	4.05	15.27	-19.24
Investing Cash Flow	-239.68	-163.97	-114.64	-116.18	-46.57	-50.75
Long-Term Debt Issued	-	40.69	13.64	-	12.48	32.2
Long-Term Debt Repaid	-	-1.67	-1.96	-126.37	-85.04	-18.4
Net Debt Issued (Repaid)	144.27	39.02	11.68	-126.37	-72.56	13.8
Issuance of Common Stock	0.48	-	-	12.09	0.28	4.06
Repurchase of Common Stock	-1.72	-6.18	-11.57	-55.89	-6.34	-4.41
Common Dividends Paid	-115.1	-115.91	-115.82	-50.85	-	-3.51
Other Financing Activities	-4.64	-0.49	0.08	-0.06	0.08	-2.72
Financing Cash Flow	23.28	-83.57	-115.63	-221.08	-78.55	7.22
Free Cash Flow	-22.18	60.98	121.15	216.61	68.72	12.02
Free Cash Flow Growth	-	-49.67%	-44.07%	215.21%	471.75%	-77.77%
Free Cash Flow Margin	-4.92%	12.26%	25.18%	36.60%	18.64%	6.22%
Free Cash Flow Per Share	-0.14	0.38	0.76	1.37	0.45	0.11
Cash Interest Paid	7.62	7.62	5.36	5.55	13.07	11.96
Levered Free Cash Flow	-52.36	37.84	103.54	144.74	-8.5	-36.19
Unlevered Free Cash Flow	-50.07	41.38	106.89	148.43	0.37	-28.16
Change in Working Capital	1.55	-7.68	-0.27	-5.91	-0.41	2.55

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