Black Diamond Group 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	36.56	25.65	30.36	26.38	20.36	-3.5
Depreciation & Amortization	51.21	48.88	44.5	35.45	35.3	33.19
Other Amortization	0.23	0.23	0.23	0.2	0.23	0.26
Loss (Gain) From Sale of Assets	-8.77	-	-	-0.04	-0.59	-
Asset Writedown & Restructuring Costs	-	-	-	-6.33	-	-
Stock-Based Compensation	5.84	4.94	5.07	4.28	3.19	2.81
Other Operating Activities	46.88	43.2	35.55	29.06	16.69	8.65
Change in Other Net Operating Assets	-18.37	-13.16	16.18	-20.15	-5.47	7.51
Operating Cash Flow	115.01	111.36	133	70.79	71.14	50.03
Operating Cash Flow Growth	-1.10%	-16.27%	87.88%	-0.49%	42.19%	36.43%
Capital Expenditures	-80.11	-105.69	-65.31	-51.05	-36.28	-34.98
Cash Acquisitions	-2.67	-	-	-51.26	-	-71.52
Sale (Purchase) of Intangibles	-3.91	-3.53	-3.78	-3.19	-1.59	-0.99
Sale (Purchase) of Real Estate	-	-	-	-	2.28	-
Other Investing Activities	-0.97	-3.03	0.49	3.56	1.97	-2.37
Investing Cash Flow	-83.57	-112.25	-68.59	-101.94	-33.63	-109.85
Long-Term Debt Issued	-	44.24	-	64.89	-	73.05
Long-Term Debt Repaid	-	-9.09	-43.83	-6.74	-26.06	-5.22
Total Debt Repaid	-39.26	-9.09	-43.83	-6.74	-26.06	-5.22
Net Debt Issued (Repaid)	-47.37	35.15	-43.83	58.15	-26.06	67.84
Issuance of Common Stock	42	1.6	0.42	2.1	1.7	0.07
Repurchase of Common Stock	-9.07	-6.2	-3.38	-4.36	-1.59	-2.84
Common Dividends Paid	-0.96	-	-	-	-	-
Other Financing Activities	-13.96	-15.71	-14.27	-17.98	-9.88	-6.03
Financing Cash Flow	-36.66	7.53	-65.88	34.51	-36.56	59.04
Foreign Exchange Rate Adjustments	-0.1	0.16	-0.32	0.38	-0.07	0.17
Net Cash Flow	-5.32	6.81	-1.8	3.75	0.88	-0.61
Free Cash Flow	34.91	5.67	67.69	19.74	34.85	15.05
Free Cash Flow Growth	199.95%	-91.63%	242.95%	-43.37%	131.52%	222.70%
Free Cash Flow Margin	7.83%	1.41%	17.20%	6.08%	10.26%	8.37%
Free Cash Flow Per Share	0.55	0.09	1.09	0.33	0.59	0.27
Cash Interest Paid	13.72	15.19	13.53	-	-	-
Cash Income Tax Paid	-	-0.69	0.42	-	-	-
Levered Free Cash Flow	-12.02	-39.49	28.07	-8.37	10.01	4.56
Unlevered Free Cash Flow	-3.47	-30.34	36.13	-3.61	12.95	7.16
Change in Working Capital	-18.37	-13.16	16.18	-20.15	-5.47	7.51

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