NWHUF 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	-52.85	-299.76	-347.69	58.33	438.28
Depreciation & Amortization	2.25	3.67	1.27	1.4	1.38
Other Amortization	8.81	22.63	19.07	17.76	12.19
Gain (Loss) on Sale of Assets	6.61	34.67	12.24	-	-
Gain (Loss) on Sale of Investments	-39.04	25.07	18.51	-58.53	-
Asset Writedown	61.87	368.79	571.76	28.8	-513.99
Stock-Based Compensation	9.4	0.78	-4.13	-4.58	3.78
Income (Loss) on Equity Investments	-6.99	30.73	19.23	-11.97	-107.48
Change in Accounts Receivable	-14.35	1.79	-13.58	26.83	-36.83
Change in Accounts Payable	40.36	-6.24	5.65	18.9	21
Change in Other Net Operating Assets	5.91	-2.38	5.7	8.85	-3.85
Other Operating Activities	129.05	-93.1	-183.26	142.8	310.48
Operating Cash Flow	151.03	86.64	104.77	228.58	124.97
Operating Cash Flow Growth	74.31%	-17.30%	-54.17%	82.91%	-33.80%
Acquisition of Real Estate Assets	-122.56	-186.22	-273.75	-1,225	-775.05
Sale of Real Estate Assets	179.71	454.66	344.7	7.07	56.58
Net Sale / Acq. of Real Estate Assets	57.15	268.44	70.96	-1,218	-718.48
Investment in Marketable & Equity Securities	206.66	64.16	136.29	-125.59	-139.05
Other Investing Activities	-5.8	0.68	-12.99	-17.56	-55.29
Investing Cash Flow	227.44	540.08	194.26	-1,361	-914.83
Long-Term Debt Issued	1,090	532.68	907.21	2,464	1,567
Total Debt Issued	1,090	532.68	907.21	2,464	1,567
Long-Term Debt Repaid	-1,509	-1,057	-1,034	-1,383	-1,187
Total Debt Repaid	-1,509	-1,057	-1,034	-1,383	-1,187
Net Debt Issued (Repaid)	-418.85	-524.78	-126.61	1,081	380.64
Issuance of Common Stock	-	-	-	179.11	427.81
Common Dividends Paid	-77.02	-78.43	-148.75	-154.74	-136.35
Other Financing Activities	147.44	-47.36	-43.15	72.03	39.09
Foreign Exchange Rate Adjustments	12.8	3.06	3.52	-19.14	-2.73
Net Cash Flow	42.83	-20.78	-15.96	25.29	-81.41
Cash Interest Paid	129.86	190.61	227.84	136.43	97.1
Cash Income Tax Paid	20.73	28.94	22.36	17.83	26.29
Levered Free Cash Flow	16.6	16.98	566.63	-300.14	176.55
Unlevered Free Cash Flow	93.44	127.53	699.91	-250.49	206.05
Change in Working Capital	31.91	-6.83	-2.22	54.58	-19.67

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.