FRA:CRC 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	10,820	6,106	8,233	10,937	7,664
Depreciation & Amortization	7,987	6,910	6,343	6,014	5,909
Loss (Gain) From Sale of Investments	-4,972	-50	-34	-182	-132
Stock-Based Compensation	180	279	491	804	514
Other Operating Activities	419	884	-263	1,739	-441
Change in Other Net Operating Assets	672	-743	-2,417	79	964
Operating Cash Flow	15,106	13,386	12,353	19,391	14,478
Operating Cash Flow Growth	12.85%	8.36%	-36.30%	33.93%	207.13%
Capital Expenditures	-6,791	-5,383	-4,909	-5,136	-4,493
Cash Acquisitions	-	-9,163	-	-	-
Investment in Securities	-	575	-	-	128
Other Investing Activities	104	-124	51	149	662
Investing Cash Flow	-6,687	-14,095	-4,858	-4,987	-3,703
Long-Term Debt Issued	1,634	8,105	-	-	-
Long-Term Debt Repaid	-3,455	-1,333	-701	-4,242	-7,171
Net Debt Issued (Repaid)	-1,821	6,772	-701	-4,242	-7,171
Issuance of Common Stock	264	280	372	442	707
Repurchase of Common Stock	-1,449	-2,660	-3,318	-5,571	-1,581
Common Dividends Paid	-4,871	-4,429	-3,891	-3,222	-2,170
Other Financing Activities	-	-	-	69	-
Financing Cash Flow	-7,877	-37	-7,538	-14,228	-10,215
Net Cash Flow	542	-746	-43	176	560
Free Cash Flow	8,315	8,003	7,444	14,255	9,985
Free Cash Flow Growth	3.90%	7.51%	-47.78%	42.76%	363.56%
Free Cash Flow Margin	21.45%	22.45%	20.70%	33.70%	33.22%
Free Cash Flow Per Share	3.96	3.74	3.38	6.20	4.21
Cash Interest Paid	978	586	602	613	-
Cash Income Tax Paid	1,722	1,144	3,317	3,057	-62
Levered Free Cash Flow	6,361	6,765	6,062	11,522	9,067
Unlevered Free Cash Flow	7,011	7,186	6,494	11,941	9,531
Change in Working Capital	672	-743	-2,417	79	964

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