Baytex 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	-740.7	-603.78	236.6	-233.36	855.61	1,614
Depreciation & Amortization	646.41	638.47	484.09	1,911	365.23	-1,050
Other Amortization	-1.86	-	-	11.94	6.29	4.86
Loss (Gain) From Sale of Assets	491.4	508.08	1.22	141.3	-4.9	-9.67
Stock-Based Compensation	4.86	-	-	16.24	3.16	6.39
Other Operating Activities	179.32	145.32	301.68	-330.36	-78.58	174.03
Change in Other Net Operating Assets	20.84	18.11	-17.92	-220.9	26.07	-26.58
Operating Cash Flow	1,177	1,486	1,908	1,296	1,173	712.38
Operating Cash Flow Growth	-39.83%	-22.13%	47.27%	10.47%	64.64%	101.75%
Capital Expenditures	-1,025	-1,278	-1,314	-1,056	-524.04	-315.77
Sale of Property, Plant & Equipment	3,067	3,042	46.5	160.26	25.65	7.8
Cash Acquisitions	-	-	-	-662.58	-	-
Other Investing Activities	-56.1	17.82	-11.38	46.81	9.4	-2.8
Investing Cash Flow	1,986	1,781	-1,279	-1,512	-488.99	-310.76
Long-Term Debt Issued	-	-	780.94	1,524	-	-
Long-Term Debt Repaid	-	-2,227	-1,136	-954.39	-517.3	-401.62
Net Debt Issued (Repaid)	-2,146	-2,227	-355.16	569.19	-517.3	-401.62
Repurchase of Common Stock	-194.11	-29.42	-222.2	-221.93	-158.98	-
Common Dividends Paid	-68.5	-69.19	-71.99	-37.52	-	-
Other Financing Activities	-3.65	-4.62	-18.82	-43.49	-2.14	-
Financing Cash Flow	-2,413	-2,331	-668.17	266.25	-678.42	-401.62
Net Cash Flow	750.1	936.5	-39.21	50.35	5.46	-
Free Cash Flow	151.82	207.48	593.85	239.61	648.83	396.62
Free Cash Flow Growth	-77.83%	-65.06%	147.83%	-63.07%	63.59%	462.77%
Free Cash Flow Margin	10.21%	14.01%	36.82%	8.83%	27.89%	25.94%
Free Cash Flow Per Share	0.20	0.27	0.73	0.34	1.15	0.69
Cash Interest Paid	170.27	202.49	200.22	153.22	84.23	93.11
Cash Income Tax Paid	16.77	22.09	19.43	3.6	2.3	0.25
Levered Free Cash Flow	-519.79	-759.45	-750.95	776.78	353.69	-227.33
Unlevered Free Cash Flow	-408.28	-623.49	-623.87	872.19	401.58	-171.61
Change in Working Capital	20.84	18.11	-17.92	-220.9	26.07	-26.58

Source: S&P Global Market Intelligence. Standard template. Financial Sources.