Precision Drilling 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	1.84	111.2	289.24	-34.29	-177.39
Depreciation & Amortization	317.9	305.79	294.09	275.37	278.61
Other Amortization	-	7.23	7.21	6.84	13.59
Loss (Gain) From Sale of Assets	-8.62	-16.15	-24.47	-29.93	-8.52
Loss (Gain) From Sale of Investments	1.34	1.48	6.81	-12.45	0.4
Stock-Based Compensation	14.52	18.89	6.66	60.09	31.95
Other Operating Activities	108.44	34.93	-46.14	17.36	13.59
Change in Other Net Operating Assets	-22.53	18.71	-32.84	-45.89	-13.02
Operating Cash Flow	412.9	482.08	500.57	237.1	139.23
Operating Cash Flow Growth	-14.35%	-3.69%	111.12%	70.30%	-38.43%
Capital Expenditures	-263.47	-216.65	-224.96	-184.25	-75.94
Sale of Property, Plant & Equipment	39.04	30.4	23.84	37.2	13.09
Cash Acquisitions	-	-	-28.65	-10.2	-
Sale (Purchase) of Intangibles	-0.02	-0.05	-1.79	-	-
Investment in Securities	-0.02	2.9	4.67	-0.62	-3.5
Other Investing Activities	15.31	-20.38	11.85	13.45	9.74
Investing Cash Flow	-208.32	-202.99	-214.78	-144.42	-56.61
Long-Term Debt Issued	148.78	27.98	162.65	144.89	696.34
Long-Term Debt Repaid	-264.31	-217.59	-384.66	-257.88	-831.6
Net Debt Issued (Repaid)	-115.53	-189.61	-222.01	-112.99	-135.26
Issuance of Common Stock	0.42	0.69	-	9.83	-
Repurchase of Common Stock	-75.62	-75.49	-29.96	-10.01	-4.29
Other Financing Activities	-1.55	3.03	-	-	-10.36
Financing Cash Flow	-192.28	-261.39	-251.97	-113.17	-149.91
Foreign Exchange Rate Adjustments	-0.28	1.88	-1.23	1.48	-0.88
Net Cash Flow	12.01	19.59	32.6	-19	-68.18
Free Cash Flow	149.42	265.44	275.61	52.85	63.28
Free Cash Flow Growth	-43.71%	-3.69%	421.46%	-16.48%	-61.55%
Free Cash Flow Margin	8.11%	13.95%	14.22%	3.27%	6.41%
Free Cash Flow Per Share	11.20	18.65	18.03	3.90	4.75
Cash Interest Paid	63.49	72.24	83.04	85.68	67.26
Cash Income Tax Paid	5.57	6.37	3.08	3.24	5.95
Levered Free Cash Flow	140.29	224.74	206.2	197.07	187.15
Unlevered Free Cash Flow	176.04	266.02	255.46	248.98	234.55
Change in Working Capital	-22.53	18.71	-32.84	-45.89	-13.02

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