Veren Cash Flow Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	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	2015 - 2019
Net Income	273.3	570.3	1,483	2,364	-2,520	Upgrade
Depreciation & Amortization	1,842	917.4	341.8	-1,713	4,284	Upgrade
Loss (Gain) From Sale of Assets	21.3	103.4	101.3	-58.4	-316.4	Upgrade
Asset Writedown & Restructuring Costs	25.5	-	-	-	-	Upgrade
Loss (Gain) From Sale of Investments	-	-	-	-10.1	4.2	Upgrade
Stock-Based Compensation	5.6	5.7	6	6.1	-0.9	Upgrade
Other Operating Activities	120	376.8	228.7	855.4	-596.8	Upgrade
Change in Accounts Receivable	-7.3	66.7	-11.3	-111.8	86.7	Upgrade
Change in Accounts Payable	-142.3	-97.8	-3.5	99	-79	Upgrade
Change in Other Net Operating Assets	-26	-23.8	-0.2	64.4	-1.5	Upgrade
Operating Cash Flow	2,112	2,196	2,192	1,496	860.5	Upgrade
Operating Cash Flow Growth	-3.82%	0.16%	46.56%	73.83%	-50.63%	Upgrade
Capital Expenditures	-1,588	-1,221	-1,027	-676.1	-698.8	Upgrade
Cash Acquisitions	-26.4	-3,616	-90.7	-677.9	-1.4	Upgrade
Divestitures	1,038	604.5	283.6	99	509.8	Upgrade
Investment in Securities	-	-	-	12.6	-	Upgrade
Other Investing Activities	51.5	-5	-26.1	49	-78.6	Upgrade
Investing Cash Flow	-525	-4,237	-860.6	-1,193	-269	Upgrade
Long-Term Debt Issued	1,000	2,675	-	-	-	Upgrade
Long-Term Debt Repaid	-2,308	-918.7	-640.7	-273.4	-662.5	Upgrade
Net Debt Issued (Repaid)	-1,308	1,756	-640.7	-273.4	-662.5	Upgrade
Issuance of Common Stock	-	479.7	-	-	-	Upgrade
Repurchase of Common Stock	-101.1	-349.9	-294.2	-17.5	-12.7	Upgrade
Common Dividends Paid	-284.6	-211.9	-181.2	-47.8	-9.4	Upgrade
Other Financing Activities	106.1	94.6	79.5	41.5	45.1	Upgrade
Financing Cash Flow	-1,588	1,769	-1,056	-297.2	-639.5	Upgrade
Foreign Exchange Rate Adjustments	0.8	-	0.8	-0.5	-0.1	Upgrade
Net Cash Flow	-0.2	-272.6	276.4	4.7	-48.1	Upgrade
Free Cash Flow	524	975.2	1,165	819.7	161.7	Upgrade
Free Cash Flow Growth	-46.27%	-16.28%	42.10%	406.93%	-62.14%	Upgrade
Free Cash Flow Margin	13.19%	30.57%	33.16%	28.97%	10.87%	Upgrade
Free Cash Flow Per Share	0.85	1.78	2.04	1.43	0.30	Upgrade
Cash Interest Paid	202.4	118.1	68	93.1	98	Upgrade
Cash Income Tax Paid	-0.1	0.1	-	-	0.2	Upgrade
Levered Free Cash Flow	553.05	357.05	-27.46	-238.58	1,604	Upgrade
Unlevered Free Cash Flow	683.3	441.18	15.85	-177.89	1,676	Upgrade

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.