Yellow Pages 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	18.11	24.98	47.4	73.43	70.64
Depreciation & Amortization	8.91	9.15	9.36	9.38	10.37
Other Amortization	3.41	4.29	4.3	6.01	9.26
Asset Writedown & Restructuring Costs	0.87	-0.01	-0.21	-0.92	-0.49
Stock-Based Compensation	0.1	0.22	0.42	1.15	2.05
Other Operating Activities	1.64	-2.93	-17.16	-44.3	-13.41
Change in Other Net Operating Assets	2.02	3.33	2.65	4.73	26.15
Operating Cash Flow	35.05	39.02	46.77	49.5	104.58
Operating Cash Flow Growth	-10.19%	-16.56%	-5.52%	-52.67%	-17.65%
Capital Expenditures	-0.03	-0.08	-0.04	-0.09	-0.12
Sale (Purchase) of Intangibles	-1.51	-2.4	-3.93	-4.91	-4.96
Other Investing Activities	2.25	1.97	1.46	1.34	0.59
Investing Cash Flow	0.71	-0.51	-2.5	-3.67	-4.48
Long-Term Debt Repaid	-3.78	-3.98	-3.41	-2.95	-110.08
Net Debt Issued (Repaid)	-3.78	-3.98	-3.41	-2.95	-110.08
Issuance of Common Stock	0.06	-	-	0.15	0.11
Repurchase of Common Stock	-	-	-48.2	-108.53	-5.33
Common Dividends Paid	-13.57	-13.56	-13.33	-14.16	-14.73
Financing Cash Flow	-17.28	-17.54	-64.94	-125.49	-130.03
Net Cash Flow	18.48	20.98	-20.68	-79.65	-29.93
Free Cash Flow	35.01	38.95	46.73	49.41	104.46
Free Cash Flow Growth	-10.10%	-16.66%	-5.41%	-52.70%	-17.59%
Free Cash Flow Margin	17.61%	18.13%	19.52%	18.42%	36.32%
Free Cash Flow Per Share	2.54	2.83	2.63	2.06	3.91
Cash Interest Paid	1.58	1.77	1.96	2.11	6.57
Cash Income Tax Paid	-0.99	0.69	2.95	7.76	-
Levered Free Cash Flow	29.61	35.01	39.59	54.44	97.35
Unlevered Free Cash Flow	30.09	35.63	40.35	55.3	101.62
Change in Working Capital	2.02	3.33	2.65	4.73	26.15

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