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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	794	644	1,720	2,276	-1,700	-3,602
Depreciation & Amortization	2,023	2,012	1,799	1,703	1,644	1,616
Other Adjustments	171	161	5	-426	815	140
Changes in Other Operating Activities	941	840	406	767	1,609	344
Operating Cash Flow	3,929	3,657	3,930	4,320	2,368	-1,502
Operating Cash Flow Growth	1.68%	-6.95%	-9.03%	82.43%	-	-
Capital Expenditures	-2,692	-2,910	-2,636	-1,564	-1,572	-1,073
Sale of Property, Plant & Equipment	283	-	-	-	36	30
Purchases of Investments	-850	-976	-1,401	-1,963	-	-
Proceeds from Sale of Investments	1,184	1,313	2,042	1,261	-	-
Other Investing Activities	1,023	1,568	632	439	-962	-826
Investing Cash Flow	-1,052	-1,005	-1,363	-1,827	-2,498	-1,869
Long-Term Debt Issued	509	231	1,590	84	202	8,171
Long-Term Debt Repaid	-2,014	-1,744	-3,956	-2,452	-1,814	-4,510
Net Long-Term Debt Issued (Repaid)	-1,505	-1,513	-2,366	-2,368	-1,612	3,661
Issuance of Common Stock	3	2	1	1	6	555
Repurchase of Common Stock	-669	-859	-473	-	-	-
Net Common Stock Issued (Repurchased)	-666	-857	-472	1	6	555
Other Financing Activities	-4	-	-34	-1	-6	-205
Financing Cash Flow	-2,175	-2,370	-2,872	-2,368	-1,612	4,011
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-9	-5	6	-1	20	11
Net Cash Flow	693	277	-299	124	-1,722	651
Free Cash Flow	1,237	747	1,294	2,756	796	-2,575
Free Cash Flow Growth	65.60%	-42.27%	-53.05%	246.23%	-	-
FCF Margin	5.39%	3.34%	5.81%	12.62%	4.81%	-40.23%
Free Cash Flow Per Share	4.03	2.33	3.44	7.33	2.22	-7.34
Levered Free Cash Flow	-439	-927	-1,077	814	-1,631	946
Unlevered Free Cash Flow	1,113	691.29	3,787	3,251	1,472	-1,872

Updated Apr 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.