Cascades Balance Sheet

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
Cash & Equivalents	73	27	54	102	174	384
Trading Asset Securities	-	1	-	-	-	-
Cash & Short-Term Investments	73	28	54	102	174	384
Cash Growth	114.71%	-48.15%	-47.06%	-41.38%	-54.69%	146.15%
Accounts Receivable	502	446	431	525	479	588
Other Receivables	12	27	34	42	50	94
Receivables	514	473	465	567	529	682
Inventory	648	685	568	587	494	569
Other Current Assets	7	-	1	9	1	5
Total Current Assets	1,242	1,186	1,088	1,265	1,198	1,640
Property, Plant & Equipment	2,674	2,847	2,808	2,945	2,522	2,772
Long-Term Investments	81	100	97	97	89	82
Goodwill	-	503	481	487	472	517
Other Intangible Assets	528	42	56	74	89	165
Long-Term Deferred Tax Assets	225	220	167	114	138	170
Long-Term Deferred Charges	-	21	20	19	-	-
Other Long-Term Assets	115	48	46	44	50	66
Total Assets	4,865	5,000	4,772	5,053	4,566	5,412
Accounts Payable	688	554	508	538	524	601
Accrued Expenses	-	102	135	136	183	275
Short-Term Debt	1	10	-	3	1	12
Current Portion of Long-Term Debt	-	177	8	80	31	55
Current Portion of Leases	68	65	59	54	43	48
Current Income Taxes Payable	4	2	6	4	12	17
Current Unearned Revenue	-	92	60	72	-	-
Other Current Liabilities	53	85	43	30	28	23
Total Current Liabilities	814	1,087	819	917	822	1,031
Long-Term Debt	1,869	1,683	1,740	1,777	1,323	1,796
Long-Term Leases	158	188	130	154	127	154
Pension & Post-Retirement Benefits	-	40	46	55	89	174
Long-Term Deferred Tax Liabilities	142	133	143	132	192	210
Other Long-Term Liabilities	143	98	113	90	86	90
Total Liabilities	3,126	3,229	2,991	3,125	2,639	3,455
Common Stock	618	616	613	611	614	622
Additional Paid-In Capital	17	16	15	14	14	13
Retained Earnings	1,020	1,019	1,096	1,212	1,274	1,146
Comprehensive Income & Other	52	73	15	34	-23	-28
Total Common Equity	1,707	1,724	1,739	1,871	1,879	1,753
Minority Interest	32	47	42	57	48	204
Shareholders' Equity	1,739	1,771	1,781	1,928	1,927	1,957
Total Liabilities & Equity	4,865	5,000	4,772	5,053	4,566	5,412
Total Debt	2,096	2,123	1,937	2,068	1,525	2,065
Net Cash (Debt)	-2,023	-2,095	-1,883	-1,966	-1,351	-1,681
Net Cash Per Share	-19.97	-20.72	-18.65	-19.45	-13.26	-17.32
Filing Date Shares Outstanding	101.26	100.99	100.71	100.36	100.86	102.28
Total Common Shares Outstanding	101.26	100.99	100.7	100.36	100.86	102.28
Working Capital	428	99	269	348	376	609
Book Value Per Share	16.86	17.07	17.27	18.64	18.63	17.14
Tangible Book Value	1,179	1,179	1,202	1,310	1,318	1,071
Tangible Book Value Per Share	11.64	11.67	11.94	13.05	13.07	10.47
Land	-	150	139	117	112	183
Buildings	-	1,230	1,160	1,152	930	1,023
Machinery	-	4,057	3,927	3,992	3,500	4,064

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