Toromont Industries 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	496.59	506.52	534.71	454.2	332.71
Depreciation & Amortization	316.95	204.3	181.9	161.99	156.72
Other Amortization	-	0.67	0.54	0.17	1.64
Loss (Gain) From Sale of Assets	-32.73	-26.1	-34.71	-34	-21.53
Stock-Based Compensation	12.53	8.85	10.85	6.8	6.47
Other Operating Activities	-131.08	-146.83	-163.07	-163.06	-62.61
Change in Accounts Receivable	-	4.2	-49.76	-127.7	89.64
Change in Inventory	-	-201.55	-115.19	-315.15	7.98
Change in Accounts Payable	-	59.68	-47.16	109.1	-12.92
Change in Unearned Revenue	-	-27.09	52.53	106.39	61.46
Change in Income Taxes	-	-15.27	-20.8	13.05	-8.04
Change in Other Net Operating Assets	79.86	-8.14	3.36	1.58	-8.8
Operating Cash Flow	742.12	359.23	355.79	216.95	542.72
Operating Cash Flow Growth	106.59%	0.97%	64.00%	-60.02%	55.50%
Capital Expenditures	-228.16	-136.52	-114.47	-68.55	-71.2
Sale of Property, Plant & Equipment	16.66	3.43	10.3	24.56	2.47
Cash Acquisitions	-47.45	-73.59	-	-	-
Other Investing Activities	0.1	-0.13	26.06	-0.34	-0.13
Investing Cash Flow	-258.86	-206.8	-78.12	-44.33	-68.87
Long-Term Debt Issued	300	-	-	-	-
Long-Term Debt Repaid	-161.52	-9.73	-9.39	-8.93	-9.88
Net Debt Issued (Repaid)	138.48	-9.73	-9.39	-8.93	-9.88
Issuance of Common Stock	23.17	20.26	21.04	20.63	21.75
Repurchase of Common Stock	-40.06	-160.41	-37.54	-48.5	-50
Common Dividends Paid	-165.88	-153.56	-138.57	-125.21	-109.05
Other Financing Activities	-3	-0.1	-0.04	-0.15	-0.96
Financing Cash Flow	-47.29	-303.54	-164.49	-162.16	-148.14
Foreign Exchange Rate Adjustments	-1.32	1.17	-0.21	0.49	-0.01
Net Cash Flow	434.65	-149.94	112.98	10.95	325.7
Free Cash Flow	513.96	222.71	241.32	148.4	471.52
Free Cash Flow Growth	130.77%	-7.71%	62.61%	-68.53%	54.22%
Free Cash Flow Margin	9.88%	4.44%	5.22%	3.61%	12.13%
Free Cash Flow Per Share	6.28	2.70	2.91	1.79	5.66
Cash Interest Paid	-	24.78	24.78	24.78	26.16
Cash Income Tax Paid	-	204.01	197.08	141.74	128.4
Levered Free Cash Flow	603.76	252.37	379.81	263.6	486.82
Unlevered Free Cash Flow	625.88	269.6	396.83	280.52	503.45
Change in Working Capital	79.86	-188.19	-177.02	-212.72	129.32

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.