Total Energy Services 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	60.7	60.8	41.63	38.01	-0.36	-30.45
Depreciation & Amortization	93.14	90.33	80.81	78.81	83.07	87.06
Loss (Gain) From Sale of Assets	-2.59	-1.67	-3.53	-3.16	-4.36	-4.38
Asset Writedown & Restructuring Costs	-	-	-	-	-	26.3
Stock-Based Compensation	3.39	2.54	2.19	1.14	0.8	0.87
Other Operating Activities	13.48	10.44	42.22	16	1.05	-5.96
Change in Accounts Receivable	-14.32	-11.44	16.98	-64.1	-17.64	41.13
Change in Inventory	-20.61	-5.91	-6.57	-1.69	5.11	10.09
Change in Accounts Payable	23.21	13.84	-5.33	40.42	14.34	-43.4
Change in Unearned Revenue	25.74	7.9	-24.57	47.62	9.91	2.48
Change in Other Net Operating Assets	-4.25	-0.91	2.11	-9.64	-2.33	2.39
Operating Cash Flow	177.9	165.92	145.95	143.4	89.58	86.12
Operating Cash Flow Growth	0.20%	13.69%	1.77%	60.09%	4.01%	17.89%
Capital Expenditures	-103.98	-91.09	-75.24	-56.74	-28.98	-16.9
Sale of Property, Plant & Equipment	4.52	2.32	11.52	6.29	10.51	5.94
Cash Acquisitions	-	-47.35	-	-	-	-
Other Investing Activities	8.38	3.25	-3.11	8.18	4.22	-2.57
Investing Cash Flow	-91.08	-132.88	-66.83	-42.26	-14.25	-13.54
Long-Term Debt Issued	-	65	-	-	-	29.8
Long-Term Debt Repaid	-	-54.01	-32.9	-75.5	-48.36	-82.86
Net Debt Issued (Repaid)	-53.9	10.99	-32.9	-75.5	-48.36	-53.06
Issuance of Common Stock	0.17	0.06	0.04	0.16	0.04	-
Repurchase of Common Stock	-17.34	-21.47	-13.59	-12.64	-10	-0.43
Common Dividends Paid	-14.4	-13.74	-12.14	-5	-	-2.71
Other Financing Activities	-6.15	-18.4	-6.65	-7.47	-6.64	-13.26
Financing Cash Flow	-91.61	-42.56	-65.24	-100.44	-64.95	-69.46
Net Cash Flow	-4.79	-9.52	13.87	0.7	10.37	3.12
Free Cash Flow	73.92	74.83	70.7	86.67	60.59	69.22
Free Cash Flow Growth	-23.71%	5.84%	-18.42%	43.03%	-12.46%	191.54%
Free Cash Flow Margin	7.32%	8.25%	7.92%	11.41%	14.04%	18.93%
Free Cash Flow Per Share	1.94	1.89	1.72	2.02	1.36	1.53
Cash Interest Paid	6.15	18.2	6.65	7.47	6.64	13.14
Cash Income Tax Paid	13.79	14.52	-0.12	-0.46	0.06	-1.66
Levered Free Cash Flow	61.68	42.7	51.58	75.52	50.34	49.62
Unlevered Free Cash Flow	65.28	47.79	62.47	80.03	54.59	55.99
Change in Working Capital	9.78	3.49	-17.38	12.61	9.38	12.69

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