Baytex Energy 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	-603.78	236.6	-233.36	855.61	1,614
Depreciation & Amortization	1,265	1,386	1,048	587.05	464.58
Stock-Based Compensation	-	-	16.24	3.16	6.39
Other Adjustments	806.94	303.68	685.84	-299.01	-1,346
Changes in Other Operating Activities	18.11	-17.92	-220.9	26.07	-26.58
Operating Cash Flow	1,486	1,908	1,296	1,173	712.38
Operating Cash Flow Growth	-22.13%	47.27%	10.47%	64.64%	101.75%
Capital Expenditures	-1,240	-1,314	-1,056	-524.04	-315.77
Sale of Property, Plant & Equipment	3,018	46.5	160.26	25.65	7.8
Payments for Business Acquisitions	-	-	-662.58	-	-
Other Investing Activities	3.04	-11.38	46.81	9.4	-2.8
Investing Cash Flow	1,781	-1,279	-1,512	-488.99	-310.76
Net Short-Term Debt Issued (Repaid)	-334.25	-539.68	103.78	-136.98	-145.32
Long-Term Debt Issued	-	780.94	1,046	-	-
Long-Term Debt Repaid	-1,880	-580.91	-569.26	-376.59	-251.97
Net Long-Term Debt Issued (Repaid)	-1,880	200.02	476.94	-376.59	-251.97
Repurchase of Common Stock	-29.42	-222.2	-221.93	-158.98	-
Net Common Stock Issued (Repurchased)	-29.42	-222.2	-221.93	-158.98	-
Common Dividends Paid	-69.19	-71.99	-37.52	-	-
Other Financing Activities	184.61	165.89	-55.02	-5.87	-4.33
Financing Cash Flow	-2,331	-668.17	266.25	-678.42	-401.62
Net Cash Flow	936.5	-39.21	50.35	5.46	-
Free Cash Flow	245.59	593.85	239.61	648.83	396.62
Free Cash Flow Growth	-58.64%	147.83%	-63.07%	63.59%	462.77%
FCF Margin	16.58%	36.82%	8.83%	27.89%	25.94%
Free Cash Flow Per Share	0.32	0.74	339.93	1150.74	693.86
Levered Free Cash Flow	-2,775	-49.49	118.26	431.12	1,339
Unlevered Free Cash Flow	216.03	1,631	-328.09	1,277	2,101

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