Yellow Pages 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	13.24	24.98	47.4	73.43	70.64	60.3
Depreciation & Amortization	8.14	9.15	9.36	9.38	10.37	11.14
Other Amortization	4.29	4.29	4.3	6.01	9.26	16.53
Loss (Gain) From Sale of Assets	-	-	-	-	-	0.42
Asset Writedown & Restructuring Costs	-2.07	-0.01	-0.21	-0.92	-0.49	-0.74
Stock-Based Compensation	0.12	0.22	0.42	1.15	2.05	-0.08
Other Operating Activities	3.45	-2.93	-17.16	-44.3	-13.41	17.89
Change in Other Net Operating Assets	4.45	3.33	2.65	4.73	26.15	21.54
Operating Cash Flow	31.61	39.02	46.77	49.5	104.58	127
Operating Cash Flow Growth	-15.43%	-16.56%	-5.52%	-52.67%	-17.65%	-12.27%
Capital Expenditures	-0.03	-0.08	-0.04	-0.09	-0.12	-0.25
Divestitures	-	-	-	-	-	1.56
Sale (Purchase) of Intangibles	-1.63	-2.4	-3.93	-4.91	-4.96	-5.33
Other Investing Activities	2.21	1.97	1.46	1.34	0.59	1
Investing Cash Flow	0.56	-0.51	-2.5	-3.67	-4.48	-3.01
Long-Term Debt Repaid	-	-3.98	-3.41	-2.95	-110.08	-3.05
Net Debt Issued (Repaid)	-3.87	-3.98	-3.41	-2.95	-110.08	-3.05
Issuance of Common Stock	0.06	-	-	0.15	0.11	0.22
Repurchase of Common Stock	-	-	-48.2	-108.53	-5.33	-3.28
Common Dividends Paid	-13.57	-13.56	-13.33	-14.16	-14.73	-8.81
Financing Cash Flow	-17.37	-17.54	-64.94	-125.49	-130.03	-14.91
Net Cash Flow	14.8	20.98	-20.68	-79.65	-29.93	109.08
Free Cash Flow	31.58	38.95	46.73	49.41	104.46	126.75
Free Cash Flow Growth	-15.34%	-16.66%	-5.41%	-52.70%	-17.59%	-12.38%
Free Cash Flow Margin	15.62%	18.13%	19.52%	18.42%	36.32%	38.00%
Free Cash Flow Per Share	2.29	2.83	2.63	2.06	3.91	3.89
Cash Interest Paid	1.62	1.77	1.96	2.11	6.57	10.76
Cash Income Tax Paid	-	0.69	2.95	7.76	-	-0.26
Levered Free Cash Flow	31.62	34.73	39.59	54.44	97.35	104.08
Unlevered Free Cash Flow	32.15	35.36	40.35	55.3	101.62	112.51
Change in Working Capital	4.45	3.33	2.65	4.73	26.15	21.54

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