Paramount Resources 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	1,378	335.9	470.2	680.6	236.9	-22.7
Depreciation & Amortization	285.2	486.9	448.4	352.7	76.3	180.9
Loss (Gain) From Sale of Assets	-1,607	-15.6	-126.3	-65.6	-72.1	8.7
Loss (Gain) From Sale of Investments	-	-	-	-	-	1.7
Stock-Based Compensation	50.7	43.5	33.4	25.3	18.8	13
Other Operating Activities	362.5	29.3	72.3	155	189.5	-82.8
Change in Other Net Operating Assets	-49.9	-64.7	40.2	-98.4	32.7	-17.9
Operating Cash Flow	419.6	815.3	938.2	1,050	482.1	80.9
Operating Cash Flow Growth	-54.13%	-13.10%	-10.61%	117.71%	495.92%	-68.36%
Capital Expenditures	-750.6	-842.2	-732.1	-655	-274.6	-220.7
Sale of Property, Plant & Equipment	3,276	126.8	377.3	119.1	170.7	-
Sale (Purchase) of Real Estate	-32.5	-14.3	-79.2	-145.8	-5.4	-0.6
Investment in Securities	-1.2	-1.2	-1.4	-1.8	65.8	-11.7
Other Investing Activities	26.6	-31.5	58.7	29.5	-8.2	-17
Investing Cash Flow	2,518	-762.4	-376.7	-654	-51.7	-250
Long-Term Debt Issued	-	173.6	-	-	34.9	180
Total Debt Issued	128.9	173.6	-	-	34.9	180
Long-Term Debt Repaid	-	-3.9	-165.9	-236.8	-437.9	-7.5
Total Debt Repaid	-177.7	-3.9	-165.9	-236.8	-437.9	-7.5
Net Debt Issued (Repaid)	-48.8	169.7	-165.9	-236.8	-403	172.5
Issuance of Common Stock	22.7	30.9	16.8	21.2	10.6	-
Repurchase of Common Stock	-223.7	-51.8	-10.4	-17.2	-13.5	-4.1
Common Dividends Paid	-2,293	-248.2	-212.5	-160.4	-27.4	-
Other Financing Activities	2.4	-	-	-	-	-
Financing Cash Flow	-2,540	-99.4	-514.9	-393.2	-433.3	168.4
Foreign Exchange Rate Adjustments	-1.2	-	-0.2	-1.6	-	-0.7
Net Cash Flow	396.2	-46.5	46.4	0.8	-2.9	-1.4
Free Cash Flow	-331	-26.9	206.1	394.6	207.5	-139.8
Free Cash Flow Growth	-	-	-47.77%	90.17%	-	-
Free Cash Flow Margin	-27.23%	-1.45%	11.45%	18.03%	15.58%	-23.51%
Free Cash Flow Per Share	-2.25	-0.18	1.39	2.68	1.45	-1.05
Cash Interest Paid	4.5	4.2	0.9	2.1	36.7	47.8
Levered Free Cash Flow	-323.51	-1,799	400.61	-102.86	-1.65	-34.36
Unlevered Free Cash Flow	-318.58	-1,794	404.68	-98.86	27.79	-0.8
Change in Working Capital	-49.9	-64.7	40.2	-98.4	32.7	-17.9

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