Air Canada 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	-296	1,720	2,276	-1,700	-3,602	-4,647
Depreciation & Amortization	1,819	1,668	1,585	1,526	1,518	1,727
Other Amortization	116	116	107	106	84	108
Loss (Gain) From Sale of Assets	-	-	-	-	-	-18
Asset Writedown & Restructuring Costs	-	-	-	4	38	315
Loss (Gain) From Sale of Investments	-28	-17	-45	86	36	28
Other Operating Activities	1,114	37	-370	737	80	424
Change in Other Net Operating Assets	1,186	406	767	1,609	344	-290
Operating Cash Flow	3,911	3,930	4,320	2,368	-1,502	-2,353
Operating Cash Flow Growth	-7.72%	-9.03%	82.43%	-	-	-
Capital Expenditures	-3,181	-2,636	-1,564	-1,572	-1,073	-1,202
Sale of Property, Plant & Equipment	-	-	-	36	19	12
Investment in Securities	2,473	1,274	-245	-959	-862	-63
Other Investing Activities	67	-1	-18	-3	47	520
Investing Cash Flow	-641	-1,363	-1,827	-2,498	-1,869	-733
Long-Term Debt Issued	-	1,590	84	202	8,171	6,262
Long-Term Debt Repaid	-	-3,956	-2,452	-1,814	-4,510	-2,719
Net Debt Issued (Repaid)	-1,479	-2,366	-2,368	-1,612	3,661	3,543
Issuance of Common Stock	2	1	1	6	555	1,369
Repurchase of Common Stock	-1,300	-473	-	-	-	-132
Other Financing Activities	-3	-34	-1	-6	-205	-78
Financing Cash Flow	-2,780	-2,872	-2,368	-1,612	4,011	4,702
Foreign Exchange Rate Adjustments	7	6	-1	20	11	-48
Net Cash Flow	497	-299	124	-1,722	651	1,568
Free Cash Flow	730	1,294	2,756	796	-2,575	-3,555
Free Cash Flow Growth	-70.30%	-53.05%	246.23%	-	-	-
Free Cash Flow Margin	3.32%	5.81%	12.62%	4.81%	-40.23%	-60.95%
Free Cash Flow Per Share	2.24	3.44	7.33	2.22	-7.34	-12.61
Cash Interest Paid	609	696	858	761	531	528
Cash Income Tax Paid	132	50	45	67	2	8
Levered Free Cash Flow	323.38	-253.25	2,036	1,185	-1,202	-2,962
Unlevered Free Cash Flow	728.38	203.63	2,617	1,745	-744.5	-2,567
Change in Working Capital	1,186	406	767	1,609	344	-290

Source: S&P Global Market Intelligence. Standard template. Financial Sources.