Altus Group Cash Flow Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	455.48	8.76	22.33	3.88	34.2
Depreciation & Amortization	40.38	50.42	57.94	59.53	46.58
Stock-Based Compensation	20.55	23.67	23.07	29.38	23.94
Other Adjustments	-449.02	10.15	32.36	16.97	-7.16
Changes in Other Operating Activities	14.72	-13.07	-64.27	-32.67	-41.25
Operating Cash Flow	82.11	79.92	71.43	77.09	56.31
Operating Cash Flow Growth	2.74%	11.89%	-7.34%	36.90%	-22.12%
Capital Expenditures	-2.68	-1.39	-4.83	-5.43	-5.97
Purchases of Intangible Assets	-1.61	-6.06	-7.66	-19.05	-4.66
Purchases of Investments	-0.36	-0.88	-0.84	-0.86	-4.16
Proceeds from Sale of Investments	5.64	0.09	3.5	1.13	0.33
Payments for Business Acquisitions	-	-	-25.09	-29.85	-358.86
Proceeds from Business Divestments	655.81	11.02	-	-	-
Other Investing Activities	-23.54	-	-	-	-
Investing Cash Flow	633.27	2.77	-34.92	-54.06	-373.32
Long-Term Debt Issued	50.59	34.43	72.15	84.5	341.02
Long-Term Debt Repaid	-177.62	-72.36	-83.6	-57.14	-178.82
Net Long-Term Debt Issued (Repaid)	-127.03	-37.93	-11.45	27.36	162.21
Issuance of Common Stock	17.86	17.68	10.42	8.16	178.59
Repurchase of Common Stock	-189.01	-14.53	-9.6	-12.61	-6.31
Net Common Stock Issued (Repurchased)	-171.14	3.15	0.82	-4.45	172.27
Common Dividends Paid	-24.37	-24.73	-26.58	-24.7	-21.56
Other Financing Activities	-13.27	-16.11	-14.58	-16.88	-12.48
Financing Cash Flow	-335.81	-75.62	-51.78	-18.67	300.43
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-9.47	1.63	1.9	-0.37	-1.79
Net Cash Flow	370.1	8.7	-13.38	4	-18.37
Free Cash Flow	79.43	78.53	66.6	71.65	50.34
Free Cash Flow Growth	1.15%	17.91%	-7.05%	42.33%	-26.74%
FCF Margin	15.79%	16.22%	13.07%	9.74%	8.05%
Free Cash Flow Per Share	1.81	1.68	1.45	1.61	1.17
Levered Free Cash Flow	297.34	11.45	-12.37	47.91	187.26
Unlevered Free Cash Flow	51.79	134.29	-21.65	19.54	26.61

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.