Tidewater Renewables 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-352.22	-357.85	-41.02	25.94	4.14
Depreciation & Amortization	20.48	31.56	25.67	19.56	10.12
Other Amortization	8.94	9.12	7.82	3.41	1.09
Loss (Gain) From Sale of Assets	489.05	489.05	-	-	-
Asset Writedown & Restructuring Costs	0.4	0.4	-	-	-
Loss (Gain) From Sale of Investments	4.84	2.5	-	-	-
Loss (Gain) on Equity Investments	-11.18	-4.53	-0.68	-0.22	-
Stock-Based Compensation	-0.92	-1.13	4.02	2.1	0.53
Other Operating Activities	-139.63	-106.22	34.81	7.95	5.24
Change in Accounts Receivable	-9.7	-9.7	-3.11	3.12	-10.46
Change in Inventory	2.61	2.61	-42.44	-1.09	-
Change in Accounts Payable	-6.09	-6.09	45.61	6.62	2.32
Change in Other Net Operating Assets	-4.34	4.95	-7.9	0.07	-0.71
Operating Cash Flow	2.23	54.65	22.78	67.44	12.28
Operating Cash Flow Growth	-97.57%	139.85%	-66.22%	449.20%	-
Capital Expenditures	-14.21	-24.05	-202.81	-244.58	-46.46
Sale of Property, Plant & Equipment	148.14	140.29	-	-	-
Cash Acquisitions	-	-	-	-	-273.26
Investment in Securities	-	-2.09	-	-30.1	-
Other Investing Activities	17.91	14.93	66.77	80.18	-
Investing Cash Flow	151.83	129.08	-136.04	-194.5	-319.72
Long-Term Debt Issued	-	-	124.14	155.11	-
Total Debt Issued	-	-	124.14	155.11	90
Long-Term Debt Repaid	-	-157.88	-6.71	-5.98	-
Total Debt Repaid	-135.38	-157.88	-6.71	-5.98	-3.22
Net Debt Issued (Repaid)	-135.38	-157.88	117.43	149.13	86.78
Issuance of Common Stock	-	-	-	-	241.54
Other Financing Activities	-20.45	-25.9	-15.45	-11.72	-19.35
Financing Cash Flow	-155.83	-183.79	101.98	137.41	308.97
Net Cash Flow	-1.77	-0.06	-11.27	10.36	1.53
Free Cash Flow	-11.99	30.6	-180.02	-177.13	-34.18
Free Cash Flow Margin	-4.00%	7.17%	-184.30%	-232.77%	-98.84%
Free Cash Flow Per Share	-0.33	0.87	-5.18	-5.08	-1.72
Cash Interest Paid	18.73	27.84	15.45	11.71	2.75
Levered Free Cash Flow	-18.37	-24.93	-209.72	-155.21	-
Unlevered Free Cash Flow	-10.15	-10.95	-203.94	-154.21	-
Change in Working Capital	-17.53	-8.24	-7.83	8.71	-8.84

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