TSX:CAR.UN Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	59.83	292.74	-411.57	13.64	1,393	925.93	Upgrade
Depreciation & Amortization	6.25	6.36	6.21	7.46	8.23	7.67	Upgrade
Other Amortization	-	-	-	-	14.57	23.73	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	3.32	0.24	1.39	Upgrade
Gain (Loss) on Sale of Investments	-0.43	22.02	-1.13	101.26	-14.09	3.98	Upgrade
Asset Writedown	166.57	-58.41	912.65	482.61	-1,049	-595.86	Upgrade
Stock-Based Compensation	9.22	5.07	8.26	-3.41	15.11	5.16	Upgrade
Income (Loss) on Equity Investments	-	-	-	-0.65	-18.46	-17.17	Upgrade
Change in Accounts Receivable	5.45	-2.23	-2.77	0.49	-0.86	-0.61	Upgrade
Change in Accounts Payable	-2.41	-7.98	4.67	-6.58	5.96	2.24	Upgrade
Change in Other Net Operating Assets	-5.06	6.89	-9.68	19.05	-4.61	-39.96	Upgrade
Other Operating Activities	236.62	399.29	164.48	106.71	200.36	169.04	Upgrade
Operating Cash Flow	575.71	648.85	615.92	598.03	551.43	481.36	Upgrade
Operating Cash Flow Growth	-9.97%	5.35%	2.99%	8.45%	14.56%	4.97%	Upgrade
Acquisition of Real Estate Assets	-549.84	-582.45	-550.2	-876.03	-1,144	-1,058	Upgrade
Sale of Real Estate Assets	2,841	2,135	373.68	306.95	29.19	33.31	Upgrade
Net Sale / Acq. of Real Estate Assets	2,291	1,553	-176.52	-569.08	-1,115	-1,025	Upgrade
Investment in Marketable & Equity Securities	0.24	138.19	29.17	-13.62	-	-8.02	Upgrade
Other Investing Activities	5.23	5.44	8.88	11.54	6.67	11.41	Upgrade
Investing Cash Flow	2,343	1,742	-138.47	-502.97	-1,108	-1,021	Upgrade
Long-Term Debt Issued	-	887.93	770.08	1,394	1,530	1,530	Upgrade
Long-Term Debt Repaid	-	-2,253	-715.24	-887.17	-677.48	-994.5	Upgrade
Net Debt Issued (Repaid)	-1,649	-1,365	54.85	506.85	852.79	535.46	Upgrade
Issuance of Common Stock	2.49	2.9	2.74	2.75	3.14	2.48	Upgrade
Repurchase of Common Stock	-506.6	-327.15	-100.91	-237.77	-	-	Upgrade
Common Dividends Paid	-243.07	-242.39	-236.46	-210.49	-177.77	-179.15	Upgrade
Other Financing Activities	-443.87	-354.93	-215.46	-193.66	-165.66	-173.34	Upgrade
Foreign Exchange Rate Adjustments	0.59	1.9	0	11.16	-4.26	-1.04	Upgrade
Net Cash Flow	78.85	106.72	-17.78	-26.11	-48.31	-355.61	Upgrade
Cash Interest Paid	179.48	197.77	184.2	156.27	139.65	133.3	Upgrade
Levered Free Cash Flow	1,931	13.36	504.25	126.38	370.03	303.77	Upgrade
Unlevered Free Cash Flow	2,058	152.48	638.03	240.68	449.47	371.37	Upgrade
Change in Working Capital	0.09	0.41	-3.64	4.83	-11.35	-55.04	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.