Instructure Holdings 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	2016 - 2020
Period Ending	Mar '25 Mar 31, 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	2016 - 2020
Net Income	260.71	473.47	38.8	236.77	598.39	-64.78	Upgrade
Depreciation & Amortization	1.49	1.45	2.63	4.77	4.02	4.34	Upgrade
Other Amortization	6.01	5.95	5.16	5.31	5.47	-	Upgrade
Gain (Loss) on Sale of Assets	-0.48	0.01	1.33	1.08	0.01	-0	Upgrade
Gain (Loss) on Sale of Investments	-7.76	-6.65	0.76	3.78	-	-0.88	Upgrade
Asset Writedown	47.38	29.35	450.41	241.13	-124.05	526.78	Upgrade
Stock-Based Compensation	10.4	10.39	10.15	9.06	12.55	9.12	Upgrade
Income (Loss) on Equity Investments	182.27	-38.51	-18.38	-2.35	-19.19	-3.99	Upgrade
Change in Accounts Receivable	-41.95	-41.95	0.97	16.59	-71.9	29.37	Upgrade
Change in Accounts Payable	41.22	41.22	-6.34	-20.09	122.76	72.24	Upgrade
Change in Other Net Operating Assets	-37.77	3.91	-1.89	2.87	3.02	3.3	Upgrade
Other Operating Activities	-25.58	-25.86	3.75	33.04	-6.93	4.47	Upgrade
Operating Cash Flow	361.44	378.28	385.52	506.12	490.4	552.58	Upgrade
Operating Cash Flow Growth	-6.75%	-1.88%	-23.83%	3.21%	-11.25%	-2.87%	Upgrade
Acquisition of Real Estate Assets	-299.47	-338.58	-467	-483	-482.38	-605.97	Upgrade
Sale of Real Estate Assets	109.67	104.12	286.54	420.97	659.98	98.12	Upgrade
Net Sale / Acq. of Real Estate Assets	-189.79	-234.46	-180.46	-62.03	177.6	-507.85	Upgrade
Investment in Marketable & Equity Securities	-64.26	35.34	-15.48	-21.49	-81.55	10.7	Upgrade
Investing Cash Flow	-321.27	-360.77	-200.15	-79.69	94.39	-469.34	Upgrade
Long-Term Debt Issued	-	2,345	1,329	771.88	1,328	1,952	Upgrade
Long-Term Debt Repaid	-	-1,953	-1,146	-671.33	-1,574	-1,427	Upgrade
Net Debt Issued (Repaid)	378.22	392.21	182.89	100.55	-245.82	524.99	Upgrade
Repurchase of Common Stock	-69.48	-11.71	-8.84	-209.11	-182.17	-5.78	Upgrade
Common Dividends Paid	-334.11	-332.01	-321.41	-309.42	-317.5	-457.52	Upgrade
Total Dividends Paid	-334.11	-332.01	-321.41	-309.42	-317.5	-457.52	Upgrade
Net Cash Flow	14.81	66.01	38.01	8.47	-160.7	144.94	Upgrade
Cash Interest Paid	291.32	272.95	235.88	220.72	214.11	220.46	Upgrade
Levered Free Cash Flow	-35.38	338.25	336.79	291.89	470.27	93.39	Upgrade
Unlevered Free Cash Flow	122.86	493.26	462.22	399.3	572	206.4	Upgrade
Change in Net Working Capital	249.81	-2.47	-24.08	27.27	-130.43	215.46	Upgrade

Updated Feb 19, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.