Advantage Energy 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	60.57	21.72	101.6	338.67	411.52	-284.05
Depreciation & Amortization	224.62	201.63	150.34	135.34	107.89	111.69
Other Amortization	2.96	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-340.65	361
Stock-Based Compensation	7.17	2.82	6.55	5.52	4.05	5.28
Other Operating Activities	52.96	12.17	51.04	35.05	50.97	-90.35
Change in Other Net Operating Assets	-8.79	-20.8	13.82	-12.2	-10.64	-2.87
Operating Cash Flow	339.48	217.53	323.35	502.38	223.15	100.71
Operating Cash Flow Growth	35.67%	-32.72%	-35.64%	125.13%	121.57%	-35.47%
Capital Expenditures	-397.94	-301.92	-281.33	-240.77	-148.91	-158.62
Sale of Property, Plant & Equipment	15.42	11.42	-	-	-	-
Cash Acquisitions	-	-445.27	-	-	-	-
Sale (Purchase) of Intangibles	-17.96	-1.14	-1.47	-1.02	-0.49	-
Other Investing Activities	23.79	39.19	0.04	-27.8	31.62	-
Investing Cash Flow	-376.69	-697.73	-282.76	-269.59	-117.78	-158.62
Long-Term Debt Issued	-	446.31	51.99	36.02	-	-
Long-Term Debt Repaid	-	-5.6	-4.91	-4.14	-80.04	-48.78
Total Debt Repaid	-64.61	-5.6	-4.91	-4.14	-80.04	-48.78
Net Debt Issued (Repaid)	50.58	440.71	47.08	31.88	-80.04	-48.78
Issuance of Common Stock	-	62.11	-	-	-	-
Repurchase of Common Stock	-7.12	-21.74	-117.34	-240.97	-	-
Other Financing Activities	-	-	-	-	-3.38	96.86
Financing Cash Flow	43.47	481.08	-70.26	-209.09	-83.41	48.09
Net Cash Flow	6.26	0.89	-29.68	23.7	21.96	-9.82
Free Cash Flow	-58.46	-84.39	42.01	261.61	74.24	-57.91
Free Cash Flow Growth	-	-	-83.94%	252.38%	-	-
Free Cash Flow Margin	-9.35%	-16.96%	8.25%	30.49%	15.98%	-24.68%
Free Cash Flow Per Share	-0.34	-0.51	0.24	1.35	0.37	-0.31
Cash Interest Paid	49.67	43.32	27.77	18.69	-	16.69
Levered Free Cash Flow	-95.33	-67.49	-20.34	128.04	96.69	-63.2
Unlevered Free Cash Flow	-60.4	-35.32	-1.54	140.42	109.25	-51.38
Change in Working Capital	-8.79	-20.8	13.82	-12.2	-10.64	-2.87

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.