CCL Industries Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	802.4	843.1	530.2	622.7	599.1
Depreciation & Amortization	465.2	432.4	403.3	365.3	342.4
Stock-Based Compensation	40.7	33.7	49.7	38.6	28.3
Other Adjustments	350.4	213.1	354.2	220.8	227.5
Change in Receivables	-40.1	-142	39.2	23.6	-129.5
Changes in Inventories	16.3	-77.5	77.4	-69.6	-125.9
Changes in Accounts Payable	20.9	70.7	-120.7	41.9	164
Changes in Accrued Expenses	4.5	15.3	5.6	-12.7	-20.4
Changes in Income Taxes Payable	-0.1	-8.9	-0.8	-4	-2.5
Changes in Other Operating Activities	-355.8	-316	-334.8	-233.8	-244.3
Operating Cash Flow	1,304	1,064	1,003	992.8	838.7
Operating Cash Flow Growth	22.61%	6.04%	1.06%	18.37%	-5.01%
Capital Expenditures	-441.2	-462	-461.6	-447.2	-323.8
Sale of Property, Plant & Equipment	28.1	4.6	17.9	27.8	16.9
Payments for Business Acquisitions	-24.6	-142.9	-324.3	-287.2	-234.4
Investing Cash Flow	-437.7	-600.3	-768	-706.6	-541.3
Long-Term Debt Issued	355.9	236.8	330.9	1,011	41.3
Long-Term Debt Repaid	-487.5	-210	-414.6	-676.6	-274.7
Net Long-Term Debt Issued (Repaid)	-131.6	26.8	-83.7	334.1	-233.4
Issuance of Common Stock	-	6.3	28.6	5.4	50.5
Repurchase of Common Stock	-300	-200.6	-5.1	-200	-
Net Common Stock Issued (Repurchased)	-300	-194.3	23.5	-194.6	50.5
Common Dividends Paid	-223.7	-206.4	-188.2	-170.3	-151
Other Financing Activities	-54.2	-50.4	-46.8	-41.8	-36.1
Financing Cash Flow	-709.5	-424.3	-295.2	-72.6	-370
Effect of Exchange Rate Changes on Cash and Cash Equivalents	12.3	15.2	-5.4	23.8	-29
Net Cash Flow	157.2	39.3	-59.9	213.6	-72.6
Free Cash Flow	863.2	601.9	541.7	545.6	514.9
Free Cash Flow Growth	43.41%	11.11%	-0.71%	5.96%	-14.20%
FCF Margin	11.26%	8.31%	8.15%	8.55%	8.98%
Free Cash Flow Per Share	4.91	3.35	3.01	3.04	2.85
Levered Free Cash Flow	380.6	523.9	14.9	596.7	155.2
Unlevered Free Cash Flow	565.04	555.58	155.18	312.66	432.27

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.