Boralex 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	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
Net Income	15	74	115	8	26	61
Depreciation & Amortization	303	297	293	295	297	237
Other Adjustments	181.5	187	169	209	177	147
Change in Receivables	-	-10	-	-	-	-
Changes in Accounts Payable	-	-188	-	-	-	-
Changes in Other Operating Activities	-262	-202	51	110	-18	24
Operating Cash Flow	126	215	496	513	345	362
Operating Cash Flow Growth	-73.53%	-56.65%	-3.31%	48.70%	-4.70%	23.13%
Capital Expenditures	-640	-398	-260	-246	-167	-145
Purchases of Intangible Assets	-57	-54	-32	-18	-12	-11
Payments for Business Acquisitions	-147	-119	-39	-409	-280	-98
Other Investing Activities	-108	-7	63	-11	26	7
Investing Cash Flow	-954	-578	-268	-684	-433	-247
Net Short-Term Debt Issued (Repaid)	-73	-57	149	-202	124	-
Long-Term Debt Issued	1,069	955	269	184	292	413
Long-Term Debt Repaid	-257	-257	-440	-349	-240	-509
Net Long-Term Debt Issued (Repaid)	812	698	-171	-165	52	-96
Issuance of Common Stock	-	-	-	-	-	201
Net Common Stock Issued (Repurchased)	-	-	-	-	-	201
Common Dividends Paid	-68	-68	-68	-68	-68	-66
Other Financing Activities	-90	-94	-19	696	-33	-39
Financing Cash Flow	578	479	-109	261	75	-
Effect of Exchange Rate Changes on Cash and Cash Equivalents	12	-1	4	3	-6	7
Net Cash Flow	-238	115	123	93	-19	122
Free Cash Flow	-514	-183	236	267	178	217
Free Cash Flow Growth	-	-	-11.61%	50.00%	-17.97%	60.74%
FCF Margin	-61.93%	-21.45%	23.09%	31.94%	25.76%	34.28%
Free Cash Flow Per Share	-	-1.78	-	-	-	-
Levered Free Cash Flow	130	186	140	-178	305	75
Unlevered Free Cash Flow	-504.76	-338.96	252.77	208.78	219.55	274.97

Updated Jun 30, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.