Source Energy Services 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	23.73	9.51	167.35	-8.77	-24.4	-182.68
Depreciation & Amortization	61.64	52.72	37.88	31.63	31.12	46.16
Loss (Gain) From Sale of Assets	1.61	-2.21	-3.31	-1.19	-0.06	-0.15
Asset Writedown & Restructuring Costs	-	-	-128.56	-	-	143.66
Stock-Based Compensation	-7.78	9.52	5.59	0.66	0.53	-0.03
Other Operating Activities	17.09	39.72	16.15	34.29	28.53	26.79
Change in Accounts Receivable	17.76	-35.15	-1.4	1.62	-9.08	15.68
Change in Inventory	-18.27	0.34	-12.61	-13.47	-6.24	3.14
Change in Accounts Payable	24.37	13.25	-1.5	38.31	-5.06	-11.29
Change in Unearned Revenue	8.06	7.72	-	-	-	-
Change in Other Net Operating Assets	2.7	-1.02	0.65	-2.9	-1.32	-1.91
Operating Cash Flow	130.91	94.39	80.24	80.17	14.01	39.37
Operating Cash Flow Growth	49.67%	17.63%	0.09%	472.22%	-64.41%	10.03%
Capital Expenditures	-62.99	-45.01	-22.11	-14.8	-6.52	-3.68
Sale of Property, Plant & Equipment	4.83	16.96	9.07	1.51	0.08	0.16
Other Investing Activities	-0.68	0.98	-0.16	-0.61	0.44	-1.43
Investing Cash Flow	-58.84	-27.06	-13.2	-13.9	-6	-4.96
Long-Term Debt Issued	-	908.33	620.88	-	13.11	2.93
Long-Term Debt Repaid	-	-907.04	-666.28	-26.67	-13.22	-21.14
Net Debt Issued (Repaid)	-1.2	1.29	-45.41	-26.67	-0.11	-18.21
Repurchase of Common Stock	-5	-	-	-	-	-
Other Financing Activities	-35.83	-35.9	-21.64	-39.6	-7.9	-16.21
Financing Cash Flow	-42.03	-34.61	-67.04	-66.28	-8.01	-34.42
Foreign Exchange Rate Adjustments	-0.56	-	-	-	-	-
Net Cash Flow	29.49	32.72	-	-	-	-
Free Cash Flow	67.92	49.38	58.13	65.37	7.49	35.69
Free Cash Flow Growth	41.90%	-15.05%	-11.08%	772.35%	-79.00%	121.50%
Free Cash Flow Margin	9.98%	7.33%	10.20%	15.72%	2.34%	14.28%
Free Cash Flow Per Share	5.05	3.65	4.13	4.83	0.55	7.08
Cash Interest Paid	26.55	27.63	26.8	22.61	7.26	7.87
Cash Income Tax Paid	0.98	0.98	-	-	-	-
Levered Free Cash Flow	22.89	28.41	25.71	31.44	-11.85	25.13
Unlevered Free Cash Flow	38.44	44.35	42.32	48.38	4.2	40.79
Change in Working Capital	34.62	-14.86	-14.85	23.56	-21.69	5.62

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