Boston Pizza Royalties Income Fund (BPZZF)

BPZZF Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	29.75	31.87	29.57	30.58	37.41	9.57
Loss (Gain) From Sale of Investments	-4.19	-9.12	0.07	-1.87	-27.51	16.41
Other Operating Activities	12.98	15.31	8.38	6.58	17.53	-0.51
Change in Accounts Receivable	-0.02	-0.02	-0.04	-0.95	2.99	-2.48
Change in Accounts Payable	0.26	0.26	-0.13	-0.04	0.06	-
Change in Other Net Operating Assets	-0.48	-0.17	0.08	0.06	-0.01	-0.13
Operating Cash Flow	38.29	38.12	37.93	34.36	30.48	22.87
Operating Cash Flow Growth	1.27%	0.52%	10.39%	12.73%	33.28%	-35.81%
Long-Term Debt Issued	-	-	-	-	-	4.3
Long-Term Debt Repaid	-	-	-	-1.5	-3.79	-0.69
Net Debt Issued (Repaid)	-	-	-	-1.5	-3.79	3.61
Repurchase of Common Stock	-	-	-4	-	-	-3.46
Common Dividends Paid	-30.62	-30.37	-27.17	-25.44	-22.38	-11.12
Other Financing Activities	-7.83	-7.77	-7.37	-7.37	-6.84	-5.95
Financing Cash Flow	-38.45	-38.14	-38.55	-34.3	-33.01	-16.92
Net Cash Flow	-0.16	-0.02	-0.62	0.05	-2.54	5.95
Cash Interest Paid	7.81	7.75	7.37	7.23	6.84	4.67
Cash Income Tax Paid	10.02	10.01	9.96	8.9	6.52	5.87
Levered Free Cash Flow	23.01	23.66	24.22	24.82	16.93	16.31
Unlevered Free Cash Flow	30.21	30.3	29.72	26.96	19.49	21
Change in Net Working Capital	-0.02	-0.43	0.09	0.59	1.67	-1.5

Updated Feb 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.