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	2015 - 2019
Period Ending	Jun '25 Jun 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	2015 - 2019
Net Income	54.12	21.72	101.6	338.67	411.52	-284.05	Upgrade
Depreciation & Amortization	230.59	201.63	150.34	135.34	107.89	111.69	Upgrade
Other Amortization	1.94	-	-	-	-	-	Upgrade
Asset Writedown & Restructuring Costs	-	-	-	-	-340.65	361	Upgrade
Stock-Based Compensation	6.86	2.82	6.55	5.52	4.05	5.28	Upgrade
Other Operating Activities	38.52	12.17	51.04	35.05	50.97	-90.35	Upgrade
Change in Other Net Operating Assets	-25.92	-20.8	13.82	-12.2	-10.64	-2.87	Upgrade
Operating Cash Flow	306.1	217.53	323.35	502.38	223.15	100.71	Upgrade
Operating Cash Flow Growth	4.16%	-32.72%	-35.64%	125.13%	121.57%	-35.47%	Upgrade
Capital Expenditures	83.29	-301.92	-281.33	-240.77	-148.91	-158.62	Upgrade
Sale of Property, Plant & Equipment	15.42	11.42	-	-	-	-	Upgrade
Cash Acquisitions	-445.27	-445.27	-	-	-	-	Upgrade
Sale (Purchase) of Intangibles	-0.6	-1.14	-1.47	-1.02	-0.49	-	Upgrade
Other Investing Activities	20.05	39.19	0.04	-27.8	31.62	-	Upgrade
Investing Cash Flow	-327.12	-697.73	-282.76	-269.59	-117.78	-158.62	Upgrade
Long-Term Debt Issued	-	446.31	51.99	36.02	-	-	Upgrade
Long-Term Debt Repaid	-	-5.6	-4.91	-4.14	-80.04	-48.78	Upgrade
Total Debt Repaid	-35.39	-5.6	-4.91	-4.14	-80.04	-48.78	Upgrade
Net Debt Issued (Repaid)	80.14	440.71	47.08	31.88	-80.04	-48.78	Upgrade
Issuance of Common Stock	-	62.11	-	-	-	-	Upgrade
Repurchase of Common Stock	-6.26	-21.74	-117.34	-240.97	-	-	Upgrade
Other Financing Activities	1.52	-	-	-	-3.38	96.86	Upgrade
Financing Cash Flow	75.41	481.08	-70.26	-209.09	-83.41	48.09	Upgrade
Net Cash Flow	54.39	0.89	-29.68	23.7	21.96	-9.82	Upgrade
Free Cash Flow	389.39	-84.39	42.01	261.61	74.24	-57.91	Upgrade
Free Cash Flow Growth	-	-	-83.94%	252.38%	-	-	Upgrade
Free Cash Flow Margin	62.21%	-16.96%	8.25%	30.49%	15.98%	-24.68%	Upgrade
Free Cash Flow Per Share	2.30	-0.51	0.24	1.35	0.37	-0.31	Upgrade
Cash Interest Paid	52.67	43.32	27.77	18.69	-	16.69	Upgrade
Levered Free Cash Flow	348.42	-67.49	-20.34	128.04	96.69	-63.2	Upgrade
Unlevered Free Cash Flow	385.7	-35.32	-1.54	140.42	109.25	-51.38	Upgrade
Change in Working Capital	-25.92	-20.8	13.82	-12.2	-10.64	-2.87	Upgrade

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