Tourmaline Oil 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	262.67	1,264	1,736	4,487	2,026
Depreciation & Amortization	3,000	1,552	1,303	1,185	846.54
Stock-Based Compensation	69.53	63.86	50.3	28.73	16.45
Other Adjustments	157.02	417.65	1,031	-824.21	18.2
Changes in Income Taxes Payable	-31.38	-526.77	-40.55	-	-
Changes in Other Operating Activities	-71.07	-41.03	326	-183.36	-60.06
Operating Cash Flow	3,387	2,730	4,406	4,693	2,847
Operating Cash Flow Growth	24.08%	-38.05%	-6.11%	64.82%	153.05%
Capital Expenditures	-3,020	-2,259	-2,081	-1,951	-1,983
Proceeds from Sale of Investments	221.23	331.47	-	-	103.82
Payments for Business Acquisitions	-	-169.04	-650.99	-67.77	-
Proceeds from Business Divestments	75.62	357.69	7.79	71.49	392.56
Other Investing Activities	-10.68	100.41	121.88	-24.01	106.44
Investing Cash Flow	-2,734	-1,639	-2,602	-1,971	-1,380
Short-Term Debt Issued	800	-	-	-	-
Net Short-Term Debt Issued (Repaid)	800	-	-	-	-
Long-Term Debt Issued	-218.38	62.77	371.5	-253.9	-1,399
Net Long-Term Debt Issued (Repaid)	-218.38	62.77	371.5	-253.9	-1,399
Issuance of Common Stock	38.48	41.19	57.37	189.24	171.52
Repurchase of Common Stock	-	-	-	-	-6.55
Net Common Stock Issued (Repurchased)	38.48	41.19	57.37	189.24	164.97
Common Dividends Paid	-1,262	-1,186	-2,227	-2,653	-468.56
Other Financing Activities	-11.78	-9.19	365.76	-257.6	-1,384
Financing Cash Flow	-653.49	-1,091	-1,804	-2,722	-1,687
Net Cash Flow	-	-	-	-	-220.17
Free Cash Flow	367.32	470.63	2,325	2,742	864.19
Free Cash Flow Growth	-21.95%	-79.76%	-15.20%	217.28%	1993.69%
FCF Margin	5.83%	8.33%	37.25%	31.60%	16.87%
Free Cash Flow Per Share	0.96	1.31	6.73	8.00	2.73
Levered Free Cash Flow	722.4	51.89	1,615	3,283	-566.53
Unlevered Free Cash Flow	-65.94	-358.04	1,287	2,482	769.1

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.