CEQP 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	2016 - 2020
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	Dec '20 Dec 31, 2020	2016 - 2020
Net Income	6,052	5,631	5,463	-1,979	6,657	5,326	Upgrade
Depreciation & Amortization	723	612	364	284	381	467	Upgrade
Other Amortization	257	257	217	235	148	189	Upgrade
Gain (Loss) on Sale of Assets	-3,699	-860	-2,845	13,660	4,824	-22,521	Upgrade
Gain (Loss) on Sale of Investments	-324	-290	-141	-226	181	154	Upgrade
Stock-Based Compensation	-	-	2	5	9	14	Upgrade
Change in Accounts Receivable	12,968	13,565	6,641	4,958	-690	1,103	Upgrade
Reinsurance Recoverable	-	-	-	-1,377	-	-	Upgrade
Other Operating Activities	12,631	7,579	10,722	1,068	11,645	35,316	Upgrade
Operating Cash Flow	28,608	26,494	20,423	16,628	23,155	20,048	Upgrade
Operating Cash Flow Growth	21.62%	29.73%	22.82%	-28.19%	15.50%	-2.40%	Upgrade
Cash Acquisitions	1	-297	-1	-182	-19	-	Upgrade
Other Investing Activities	427	290	21	-67	-186	-1,017	Upgrade
Investing Cash Flow	-20,879	-18,459	-13,720	-18,400	-24,442	-14,148	Upgrade
Long-Term Debt Issued	-	3,718	1,731	1,729	212	5,845	Upgrade
Total Debt Repaid	-2,947	-2,004	-1,391	-1,120	-2,192	-2,036	Upgrade
Net Debt Issued (Repaid)	-30	1,714	340	609	-1,980	3,809	Upgrade
Issuance of Common Stock	97	144	94	23	51	36	Upgrade
Repurchases of Common Stock	-3,577	-3,272	-1,595	-1,884	-	-253	Upgrade
Issuance of Preferred Stock	-	-	-	990	3,171	-	Upgrade
Repurchases of Preferred Stock	-	-	-	-725	-625	-	Upgrade
Common Dividends Paid	-2,906	-2,848	-2,669	-2,513	-2,272	-2,169	Upgrade
Preferred Dividends Paid	-317	-311	-303	-260	-215	-171	Upgrade
Total Dividends Paid	-3,223	-3,159	-2,972	-2,773	-2,487	-2,340	Upgrade
Other Financing Activities	659	399	-909	1,652	-177	-589	Upgrade
Financing Cash Flow	-6,074	-4,174	-5,042	-2,108	-2,047	663	Upgrade
Foreign Exchange Rate Adjustments	42	1,197	-412	585	-319	-528	Upgrade
Net Cash Flow	1,697	5,058	1,249	-3,295	-3,653	6,035	Upgrade
Cash Interest Paid	1,571	1,574	1,548	955	981	1,188	Upgrade
Cash Income Tax Paid	566	755	436	1,238	571	1,358	Upgrade
Levered Free Cash Flow	2,345	4,763	9,171	8,771	-	-	Upgrade
Unlevered Free Cash Flow	3,325	5,814	10,143	9,428	-	-	Upgrade
Change in Net Working Capital	3,647	951	-4,261	-10,004	-	-	Upgrade

Updated Feb 19, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.