Cenovus Energy 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	3,930	3,142	4,109	6,450	587
Depreciation & Amortization	5,435	5,096	4,864	4,489	4,143
Loss (Gain) From Sale of Assets	-87	-119	20	-269	-229
Asset Writedown & Restructuring Costs	-	-	-	-183	1,942
Loss (Gain) on Equity Investments	82	106	98	50	80
Stock-Based Compensation	163	-145	-12	-	-
Other Operating Activities	-932	-150	-498	291	623
Change in Other Net Operating Assets	-363	1,305	-1,193	575	-1,227
Operating Cash Flow	8,228	9,235	7,388	11,403	5,919
Operating Cash Flow Growth	-10.90%	25.00%	-35.21%	92.65%	2068.13%
Capital Expenditures	-4,907	-5,015	-4,298	-3,708	-2,563
Cash Acquisitions	-4,418	-22	-515	-397	735
Divestitures	1,891	46	12	1,514	435
Investment in Securities	-7	-80	-125	-211	17
Other Investing Activities	-236	-55	-369	488	434
Investing Cash Flow	-7,677	-5,126	-5,295	-2,314	-942
Short-Term Debt Issued	152	5	58	34	-
Long-Term Debt Issued	5,678	-	-	-	1,557
Total Debt Issued	5,830	5	58	34	1,557
Short-Term Debt Repaid	-	-	-	-	-77
Long-Term Debt Repaid	-2,674	-299	-1,634	-4,451	-3,520
Total Debt Repaid	-2,674	-299	-1,634	-4,451	-3,597
Net Debt Issued (Repaid)	3,156	-294	-1,576	-4,417	-2,040
Issuance of Common Stock	32	78	64	200	8
Repurchase of Common Stock	-2,150	-1,488	-1,061	-2,530	-265
Preferred Dividends Paid	-14	-45	-36	-26	-34
Common Dividends Paid	-1,423	-1,506	-990	-901	-176
Dividends Paid	-1,437	-1,551	-1,026	-927	-210
Other Financing Activities	-350	-250	-714	-2	-
Financing Cash Flow	-749	-3,505	-4,313	-7,676	-2,507
Foreign Exchange Rate Adjustments	-155	262	-77	238	25
Net Cash Flow	-353	866	-2,297	1,651	2,495
Free Cash Flow	3,321	4,220	3,090	7,695	3,356
Free Cash Flow Growth	-21.30%	36.57%	-59.84%	129.29%	-
Free Cash Flow Margin	6.68%	7.78%	5.92%	11.50%	7.24%
Free Cash Flow Per Share	1.82	2.27	1.59	3.84	1.64
Cash Interest Paid	381	356	402	647	811
Cash Income Tax Paid	1,225	868	2,595	723	209
Levered Free Cash Flow	2,719	3,974	2,246	8,176	2,337
Unlevered Free Cash Flow	2,980	4,239	2,560	8,573	2,792
Change in Working Capital	-363	1,305	-1,193	575	-1,227

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