Birchcliff Energy 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	69.11	64.87	56.1	9.78	656.83	314.68
Depreciation & Amortization	271.77	266.97	251.04	230.91	213.81	212.76
Stock-Based Compensation	4.72	4.35	6.04	13.64	6.46	2.43
Other Adjustments	102.42	83.33	-92.2	46.72	73.84	6.67
Change in Receivables	-	-15.9	-3.81	-	-	-
Changes in Accounts Payable	-	0.24	-27.92	-	-	-
Changes in Other Operating Activities	-13.63	-13.26	-13.21	19.48	-25.66	-21.16
Operating Cash Flow	434.39	407.71	203.71	320.53	925.28	515.37
Operating Cash Flow Growth	64.20%	100.14%	-36.45%	-65.36%	79.54%	173.87%
Capital Expenditures	-303.53	-307.78	-283	-308	-368.55	-232.48
Sale of Property, Plant & Equipment	-	-	0.26	0.09	0.32	-
Purchases of Investments	-0.77	-0.5	-0.22	-1.24	-1.96	-1.25
Other Investing Activities	-5.5	-5.29	-10.39	-29.71	31.65	-13.65
Investing Cash Flow	-309.8	-313.56	-293.36	-338.86	-338.54	-247.38
Short-Term Debt Issued	-92.05	-58.38	196.74	238.42	-369.07	-228.02
Net Short-Term Debt Issued (Repaid)	-92.05	-58.38	196.74	238.42	-369.07	-228.02
Issuance of Common Stock	13.59	11.17	10.78	7.16	23.01	12.64
Repurchase of Common Stock	-	-	-	-11.46	-57.21	-31.51
Net Common Stock Issued (Repurchased)	13.59	11.17	10.78	-4.3	-34.2	-18.87
Repurchase of Preferred Stock	-	-	-	-	-88.27	-1.66
Net Preferred Stock Issued (Repurchased)	-	-	-	-	-88.27	-1.66
Common Dividends Paid	-32.86	-32.76	-107.83	-213.34	-	-
Other Financing Activities	-13.26	-14.19	-10.04	-2.46	-95.19	-19.44
Financing Cash Flow	-124.59	-94.16	89.65	18.32	-586.73	-267.98
Net Cash Flow	0	-0.02	-0.01	-0.02	0.01	0
Free Cash Flow	130.86	99.93	-79.29	12.53	556.73	282.89
Free Cash Flow Growth	30.95%	-	-	-97.75%	96.80%	-
FCF Margin	18.14%	14.37%	-13.19%	1.79%	46.48%	32.26%
Free Cash Flow Per Share	0.48	0.36	-0.29	0.05	2.02	1.03
Levered Free Cash Flow	-68.34	-47.34	179.75	190.58	107.37	45.78
Unlevered Free Cash Flow	273.01	95.63	-53.39	94.1	641.99	420.8

Updated May 13, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.