Trican Well Service 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	112.19	109.48	121.01	79.22	17.22
Depreciation & Amortization	88.05	77.54	77.2	80.22	87.81
Loss (Gain) From Sale of Assets	-0.89	-4.12	-1.11	-2.46	-2.55
Stock-Based Compensation	-	0.07	0.59	1.22	2.16
Other Operating Activities	-4.69	-25.67	38.26	30.07	-2.26
Change in Accounts Receivable	3.69	-29.49	-5.69	-47.65	-51.03
Change in Inventory	-7.31	1.28	3.14	-5.65	2.56
Change in Accounts Payable	-23.26	23.03	15.76	21.13	19.3
Change in Other Net Operating Assets	-0.21	2.72	-0.71	-3.89	0.74
Operating Cash Flow	167.58	154.84	248.46	152.23	74.1
Operating Cash Flow Growth	8.22%	-37.68%	63.21%	105.45%	4.71%
Capital Expenditures	-62.89	-75.07	-79.29	-103.62	-53.88
Sale of Property, Plant & Equipment	4.51	11.41	7.47	20.03	10.16
Cash Acquisitions	-54.66	-	-	-	-
Other Investing Activities	-13.07	-12.26	-3.27	-2.2	4.37
Investing Cash Flow	-126.1	-75.92	-75.09	-85.8	-39.35
Short-Term Debt Issued	-	-	-	30	-
Long-Term Debt Issued	92.9	-	-	-	-
Total Debt Issued	92.9	-	-	30	-
Long-Term Debt Repaid	-45.38	-5.01	-33.53	-3.28	-3.31
Net Debt Issued (Repaid)	47.52	-5.01	-33.53	26.72	-3.31
Issuance of Common Stock	-	-	-	4.44	2.22
Repurchase of Common Stock	-54.66	-95.03	-78.46	-68.99	-26.75
Common Dividends Paid	-41.6	-35.58	-34.34	-	-
Other Financing Activities	-6.56	-5.77	3.6	-	-
Financing Cash Flow	-55.29	-141.39	-142.73	-37.83	-27.84
Net Cash Flow	-13.82	-62.47	30.64	28.6	6.9
Free Cash Flow	104.69	79.78	169.17	48.61	20.21
Free Cash Flow Growth	31.23%	-52.84%	248.00%	140.50%	-65.14%
Free Cash Flow Margin	9.55%	8.13%	17.39%	5.61%	3.59%
Free Cash Flow Per Share	0.54	0.39	0.76	0.20	0.08
Cash Interest Paid	4.2	2.29	2.39	2.48	1.43
Cash Income Tax Paid	40.72	61.72	-	-0.97	-2.74
Levered Free Cash Flow	53.99	65.75	150.22	16.59	10.42
Unlevered Free Cash Flow	56.73	67.31	151.83	18.2	11.66
Change in Working Capital	-27.09	-2.46	12.51	-36.05	-28.43

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