RIOCF 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	66.77	473.47	38.8	236.77	598.39	-64.78
Depreciation & Amortization	1.37	1.45	2.63	4.77	4.02	4.34
Other Amortization	6.62	5.95	5.16	5.31	5.47	-
Gain (Loss) on Sale of Assets	3.34	0.01	1.33	1.08	0.01	-0
Gain (Loss) on Sale of Investments	-	-6.65	0.76	3.78	-	-0.88
Asset Writedown	145.06	29.35	450.41	241.13	-124.05	526.78
Stock-Based Compensation	10.37	10.39	10.15	9.06	12.55	9.12
Income (Loss) on Equity Investments	234.36	-38.51	-18.38	-2.35	-19.19	-3.99
Change in Accounts Receivable	-41.95	-41.95	0.97	16.59	-71.9	29.37
Change in Accounts Payable	41.22	41.22	-6.34	-20.09	122.76	72.24
Change in Other Net Operating Assets	48.1	3.91	-1.89	2.87	3.02	3.3
Other Operating Activities	-27.85	-25.86	3.75	33.04	-6.93	4.47
Operating Cash Flow	467.21	378.28	385.52	506.12	490.4	552.58
Operating Cash Flow Growth	27.10%	-1.88%	-23.83%	3.21%	-11.25%	-2.87%
Acquisition of Real Estate Assets	-409.55	-338.58	-467	-483	-482.38	-605.97
Sale of Real Estate Assets	239.88	104.12	286.54	420.97	659.98	98.12
Net Sale / Acq. of Real Estate Assets	-169.67	-234.46	-180.46	-62.03	177.6	-507.85
Investment in Marketable & Equity Securities	-93.81	35.34	-15.48	-21.49	-81.55	10.7
Investing Cash Flow	-160.56	-360.77	-200.15	-79.69	94.39	-469.34
Long-Term Debt Issued	-	2,345	1,329	771.88	1,328	1,952
Long-Term Debt Repaid	-	-1,953	-1,146	-671.33	-1,574	-1,427
Net Debt Issued (Repaid)	194.85	392.21	182.89	100.55	-245.82	524.99
Repurchase of Common Stock	-110.37	-11.71	-8.84	-209.11	-182.17	-5.78
Common Dividends Paid	-338.56	-332.01	-321.41	-309.42	-317.5	-457.52
Total Dividends Paid	-338.56	-332.01	-321.41	-309.42	-317.5	-457.52
Net Cash Flow	52.57	66.01	38.01	8.47	-160.7	144.94
Cash Interest Paid	299.5	272.95	235.88	220.72	214.11	220.46
Levered Free Cash Flow	156.15	338.25	336.79	291.89	470.27	93.39
Unlevered Free Cash Flow	319.42	493.26	462.22	399.3	572	206.4
Change in Working Capital	-27.13	-71.32	-109.1	-26.47	20.14	77.52

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