Sherritt International Corporation (SHERF)

Sherritt International Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-72.8	-72.8	-64.6	63.5	-18.4	22.2
Depreciation & Amortization	22.3	22.6	14.6	27.6	35.3	141.1
Asset Writedown & Restructuring Costs	-	-	-	-	-	30.2
Loss (Gain) on Equity Investments	61.1	30.6	10.1	-40.2	-50.6	31.1
Stock-Based Compensation	-0.1	-2.7	-26.4	11.7	12.2	8.2
Provision & Write-off of Bad Debts	-	-	-	49.4	0.8	3
Other Operating Activities	-14.8	-5	188.1	-11.1	-5.4	-186
Change in Accounts Receivable	58.8	9.7	-45.2	-11	-	12
Change in Inventory	-8.5	1.2	-10.5	-7.2	-	6.6
Change in Accounts Payable	-43.1	-4.9	-37	7.4	-	-15.7
Change in Unearned Revenue	-14.9	-3.3	1.9	1.1	-	2.7
Change in Other Net Operating Assets	-0.4	-1.3	-2.8	-0.9	24.7	-1
Operating Cash Flow	-12.6	-26.1	27.3	88.7	-4.4	40.7
Operating Cash Flow Growth	-	-	-69.22%	-	-	-
Capital Expenditures	-10.4	-6.6	-20.1	-27.7	-9.9	-11
Sale of Property, Plant & Equipment	-	-	-	1.3	-	-
Sale (Purchase) of Intangibles	-	-0.2	-1.2	-0.8	-0.8	-1.1
Other Investing Activities	14	42.9	2.9	3.8	0.8	0.7
Investing Cash Flow	3.6	36.1	-18.4	-23.4	-9.9	-11.4
Long-Term Debt Issued	-	11	13	37	-	-
Long-Term Debt Repaid	-	-3.9	-24.6	-128.1	-6.1	-1.8
Net Debt Issued (Repaid)	-7.1	7.1	-11.6	-91.1	-6.1	-1.8
Other Financing Activities	-15.9	-	-0.1	-2.2	-0.8	-24.6
Financing Cash Flow	-23	7.1	-11.7	-93.3	-6.9	-26.4
Foreign Exchange Rate Adjustments	3.6	9.5	-2	6.3	-0.6	-1.6
Net Cash Flow	-28.4	26.6	-4.8	-21.7	-21.8	1.3
Free Cash Flow	-23	-32.7	7.2	61	-14.3	29.7
Free Cash Flow Growth	-	-	-88.20%	-	-	-
Free Cash Flow Margin	-13.73%	-20.59%	3.22%	34.12%	-12.98%	24.79%
Free Cash Flow Per Share	-0.05	-0.08	0.02	0.15	-0.04	0.07
Cash Interest Paid	24.6	25.9	28.3	32	32.7	7.3
Cash Income Tax Paid	2.7	3.8	1.1	0.6	2.1	1.6
Levered Free Cash Flow	-4.19	11.46	-136.49	-17.26	-5.48	-20.63
Unlevered Free Cash Flow	17.25	35.15	-114.3	9.93	22.28	14.75
Change in Working Capital	-8.1	1.4	-93.6	-10.6	24.7	4.6

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