FRA:CRC 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	2015 - 2019
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	2015 - 2019
Net Income	6,655	6,106	8,233	10,937	7,664	-435	Upgrade
Depreciation & Amortization	7,703	6,910	6,343	6,014	5,909	6,251	Upgrade
Loss (Gain) From Sale of Investments	-	-50	-34	-182	-132	185	Upgrade
Stock-Based Compensation	141	279	491	804	514	-82	Upgrade
Other Operating Activities	296	884	-263	1,739	-441	-1,039	Upgrade
Change in Other Net Operating Assets	-25	-743	-2,417	79	964	-166	Upgrade
Operating Cash Flow	14,770	13,386	12,353	19,391	14,478	4,714	Upgrade
Operating Cash Flow Growth	0.01%	8.36%	-36.30%	33.93%	207.13%	-46.61%	Upgrade
Capital Expenditures	-6,642	-5,383	-4,909	-5,136	-4,493	-2,560	Upgrade
Cash Acquisitions	-9,163	-9,163	-	-	-	-	Upgrade
Investment in Securities	-	575	-	-	128	-	Upgrade
Other Investing Activities	-96	-124	51	149	662	-259	Upgrade
Investing Cash Flow	-15,901	-14,095	-4,858	-4,987	-3,703	-2,819	Upgrade
Long-Term Debt Issued	-	8,105	-	-	-	1,819	Upgrade
Long-Term Debt Repaid	-	-1,333	-701	-4,242	-7,171	-1,722	Upgrade
Net Debt Issued (Repaid)	6,761	6,772	-701	-4,242	-7,171	97	Upgrade
Issuance of Common Stock	223	280	372	442	707	108	Upgrade
Repurchase of Common Stock	-1,706	-2,660	-3,318	-5,571	-1,581	-271	Upgrade
Common Dividends Paid	-4,755	-4,429	-3,891	-3,222	-2,170	-1,950	Upgrade
Other Financing Activities	-	-	-	69	-	166	Upgrade
Financing Cash Flow	523	-37	-7,538	-14,228	-10,215	-1,850	Upgrade
Net Cash Flow	-608	-746	-43	176	560	45	Upgrade
Free Cash Flow	8,128	8,003	7,444	14,255	9,985	2,154	Upgrade
Free Cash Flow Growth	-16.30%	7.51%	-47.78%	42.76%	363.56%	-58.74%	Upgrade
Free Cash Flow Margin	21.05%	22.45%	20.70%	33.70%	33.22%	12.75%	Upgrade
Free Cash Flow Per Share	3.86	3.74	3.38	6.20	4.21	0.91	Upgrade
Cash Interest Paid	845	586	602	613	-	-	Upgrade
Cash Income Tax Paid	1,384	1,144	3,317	3,057	-62	-29	Upgrade
Levered Free Cash Flow	6,238	6,765	6,062	11,522	9,067	2,337	Upgrade
Unlevered Free Cash Flow	6,841	7,186	6,494	11,941	9,531	2,854	Upgrade
Change in Working Capital	-25	-743	-2,417	79	964	-166	Upgrade

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