Air Canada (TSX:AC)
Canada · Delayed Price · Currency is CAD 23.30
+1.39 (6.34%)
Nov 9, 2026, 4:00 PM EST
Air Canada Cash Flow Statement
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 305 | 644 | 1,720 | 2,276 | -1,700 | -3,602 |
Depreciation & Amortization | 1,990 | 1,873 | 1,668 | 1,585 | 1,526 | 1,518 |
Other Amortization | 119 | 119 | 116 | 107 | 106 | 84 |
Loss (Gain) From Sale of Assets | -82 | - | - | - | - | - |
Asset Writedown & Restructuring Costs | - | - | - | - | 4 | 38 |
Loss (Gain) From Sale of Investments | 10 | -37 | -17 | -45 | 86 | 36 |
Other Operating Activities | 431 | 218 | 37 | -370 | 737 | 80 |
Change in Other Net Operating Assets | 365 | 840 | 406 | 767 | 1,609 | 344 |
Operating Cash Flow | 3,138 | 3,657 | 3,930 | 4,320 | 2,368 | -1,502 |
Operating Cash Flow Growth | -19.77% | -6.95% | -9.03% | 82.43% | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -2,779 | -2,910 | -2,636 | -1,564 | -1,572 | -1,073 |
Sale of Property, Plant & Equipment | - | - | - | - | 36 | 19 |
Investment in Securities | -172 | 1,812 | 1,274 | -245 | -959 | -862 |
Other Investing Activities | 563 | 93 | -1 | -18 | -3 | 47 |
Investing Cash Flow | -2,388 | -1,005 | -1,363 | -1,827 | -2,498 | -1,869 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Long-Term Debt Issued | - | 231 | 1,590 | 84 | 202 | 8,171 |
Long-Term Debt Repaid | - | -1,744 | -3,956 | -2,452 | -1,814 | -4,510 |
Lease Payments | -656 | -608 | -536 | -526 | -512 | - |
Net Debt Issued (Repaid) | -2,610 | -1,513 | -2,366 | -2,368 | -1,612 | 3,661 |
Issuance of Common Stock | 7 | 2 | 1 | 1 | 6 | 555 |
Repurchase of Common Stock | -1,102 | -859 | -473 | - | - | - |
Other Financing Activities | 2,436 | - | -34 | -1 | -6 | -205 |
Financing Cash Flow | -1,269 | -2,370 | -2,872 | -2,368 | -1,612 | 4,011 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 36 | -5 | 6 | -1 | 20 | 11 |
Net Cash Flow | -483 | 277 | -299 | 124 | -1,722 | 651 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 359 | 747 | 1,294 | 2,756 | 796 | -2,575 |
Free Cash Flow Growth | -50.82% | -42.27% | -53.05% | 246.23% | - | - |
Free Cash Flow Margin | 1.45% | 3.34% | 5.81% | 12.62% | 4.81% | -40.23% |
Free Cash Flow Per Share | 1.24 | 2.33 | 3.44 | 7.33 | 2.22 | -7.34 |
Levered Free Cash Flow | -329 | 500 | -253.25 | 2,036 | 1,185 | -1,202 |
Unlevered Free Cash Flow | 15.38 | 878.75 | 203.63 | 2,617 | 1,745 | -744.5 |
Free Cash Flow After Leases | -297 | 139 | 758 | 2,230 | 284 | -2,575 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 554 | 591 | 696 | 858 | 761 | 531 |
Cash Income Tax Paid | 64 | 48 | 50 | 45 | 67 | 2 |
Change in Working Capital | 365 | 840 | 406 | 767 | 1,609 | 344 |