MEG 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
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	543	507	569	902	283	-357
Depreciation & Amortization	446	632	607	516	456	769
Other Amortization	-	-	-	-	10	10
Loss (Gain) From Sale of Assets	-	-	-	9	-4	-6
Asset Writedown & Restructuring Costs	-	-	-	-	-	13
Stock-Based Compensation	29	19	103	13	-33	-15
Other Operating Activities	164	227	197	442	41	-175
Change in Other Net Operating Assets	-106	-45	-127	6	-63	63
Operating Cash Flow	1,076	1,340	1,349	1,888	690	302
Operating Cash Flow Growth	-31.25%	-0.67%	-28.55%	173.62%	128.48%	-52.14%
Capital Expenditures	-658	-548	-449	-376	-331	-149
Sale of Property, Plant & Equipment	-	-	-	6	44	6
Other Investing Activities	-14	47	-29	16	6	-46
Investing Cash Flow	-672	-501	-478	-354	-281	-189
Long-Term Debt Issued	-	-	-	-	769	1,581
Long-Term Debt Repaid	-	-366	-455	-1,348	-918	-1,749
Net Debt Issued (Repaid)	-16	-366	-455	-1,348	-149	-168
Issuance of Common Stock	-	1	1	24	5	-
Repurchase of Common Stock	-325	-463	-446	-382	-	-
Common Dividends Paid	-105	-27	-	-	-	-
Other Financing Activities	9	-5	4	-21	-21	-48
Financing Cash Flow	-437	-860	-896	-1,727	-165	-216
Foreign Exchange Rate Adjustments	5	17	-7	24	3	11
Net Cash Flow	-28	-4	-32	-169	247	-92
Free Cash Flow	418	792	900	1,512	359	153
Free Cash Flow Growth	-61.48%	-12.00%	-40.48%	321.17%	134.64%	-64.66%
Free Cash Flow Margin	9.84%	15.38%	15.92%	24.71%	8.31%	6.68%
Free Cash Flow Per Share	1.63	2.93	3.13	4.89	1.15	0.51
Cash Interest Paid	49	69	103	177	190	213
Levered Free Cash Flow	224.88	568.5	727.88	1,046	263.25	305.5
Unlevered Free Cash Flow	268.63	621	799.13	1,149	407.13	464.38
Change in Working Capital	-106	-45	-127	6	-63	63

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