Western Energy Services Corp. (WEEEF)

Western Energy Services 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-6.39	-7.16	-7.21	29	-36.13	-41.26
Depreciation & Amortization	40.56	41.04	42.16	40.1	42.02	48.27
Other Amortization	0.12	0.12	0.08	0.15	0.2	0.35
Asset Writedown & Restructuring Costs	-	-	-	-	-	11.5
Stock-Based Compensation	-0.56	0.81	2.76	1.99	0.28	0.36
Other Operating Activities	7.5	7.44	11.14	-31.3	16.68	2.64
Change in Other Net Operating Assets	0.45	4.54	2.42	-11.39	-6.42	5.86
Operating Cash Flow	41.67	46.8	51.35	28.54	16.63	27.72
Operating Cash Flow Growth	-20.94%	-8.87%	79.93%	71.61%	-40.01%	-12.60%
Capital Expenditures	-24.68	-21.6	-22.62	-34.23	-6.87	-2.79
Sale of Property, Plant & Equipment	1.02	1.93	1.37	0.42	2.21	0.55
Other Investing Activities	0.24	-2.24	-4.2	5.23	-1.03	-0.77
Investing Cash Flow	-23.42	-21.91	-25.45	-28.58	-5.69	-3.01
Long-Term Debt Issued	-	-	-	-	-	14.69
Long-Term Debt Repaid	-	-16.76	-18.05	-16.36	-8.11	-6.62
Net Debt Issued (Repaid)	-8.45	-16.76	-18.05	-16.36	-8.11	8.07
Issuance of Common Stock	-	-	-	31.52	0.01	-
Repurchase of Common Stock	-	-	-	-	-	-0.48
Other Financing Activities	-9.46	-10.27	-10.8	-13.73	-14.69	-17
Financing Cash Flow	-17.91	-27.03	-28.85	1.44	-22.79	-9.41
Net Cash Flow	0.34	-2.15	-2.95	1.4	-11.84	15.31
Free Cash Flow	16.99	25.19	28.73	-5.69	9.77	24.94
Free Cash Flow Growth	-49.05%	-12.31%	-	-	-60.84%	4.99%
Free Cash Flow Margin	7.38%	11.29%	12.31%	-2.84%	7.42%	24.05%
Free Cash Flow Per Share	0.50	0.74	0.85	-0.24	12.82	32.79
Cash Interest Paid	9.46	10.27	10.8	9.29	14.67	16.96
Cash Income Tax Paid	-	-	-	-	-	0.03
Levered Free Cash Flow	13.77	19.04	16.78	-12.27	4.12	24.1
Unlevered Free Cash Flow	19.82	25.29	23.9	-3.38	16.22	34.98
Change in Net Working Capital	-3.83	-4.8	0.16	9.88	7.2	-6.82

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.