TSX:CAR.UN 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	197.05	292.74	-411.57	13.64	1,393
Depreciation & Amortization	6.41	6.36	6.21	7.46	8.23
Other Amortization	-	-	-	-	14.57
Gain (Loss) on Sale of Assets	-	-	-	3.32	0.24
Gain (Loss) on Sale of Investments	-0.67	22.02	-1.13	101.26	-14.09
Asset Writedown	84.69	-58.41	912.65	482.61	-1,049
Stock-Based Compensation	5.87	5.07	8.26	-3.41	15.11
Income (Loss) on Equity Investments	-	-	-	-0.65	-18.46
Change in Accounts Receivable	3.63	-2.23	-2.77	0.49	-0.86
Change in Accounts Payable	6.38	-7.98	4.67	-6.58	5.96
Change in Other Net Operating Assets	-6.33	7.37	-9.68	19.05	-4.61
Other Operating Activities	359.03	399.29	164.48	106.71	200.36
Operating Cash Flow	568.82	648.85	615.92	598.03	551.43
Operating Cash Flow Growth	-12.33%	5.35%	2.99%	8.45%	14.56%
Acquisition of Real Estate Assets	-718.21	-582.45	-550.2	-876.03	-1,144
Sale of Real Estate Assets	1,150	2,135	373.68	306.95	29.19
Net Sale / Acq. of Real Estate Assets	431.61	1,553	-176.52	-569.08	-1,115
Investment in Marketable & Equity Securities	0.94	138.19	29.17	-13.62	-
Other Investing Activities	9.15	5.44	8.88	11.54	6.67
Investing Cash Flow	441.7	1,742	-138.47	-502.97	-1,108
Long-Term Debt Issued	833.26	887.93	770.08	1,394	1,530
Long-Term Debt Repaid	-1,101	-2,253	-715.24	-887.17	-677.48
Net Debt Issued (Repaid)	-267.47	-1,365	54.85	506.85	852.79
Issuance of Common Stock	2.28	2.9	2.74	2.75	3.14
Repurchase of Common Stock	-300.65	-327.15	-100.91	-237.77	-
Common Dividends Paid	-241.22	-242.39	-236.46	-210.49	-177.77
Other Financing Activities	-306.29	-354.93	-215.46	-193.66	-165.66
Foreign Exchange Rate Adjustments	-0.24	1.9	0	11.16	-4.26
Net Cash Flow	-103.07	106.72	-17.78	-26.11	-48.31
Cash Interest Paid	171.83	197.77	184.2	156.27	139.65
Levered Free Cash Flow	345.17	19.66	511.92	126.38	370.03
Unlevered Free Cash Flow	462.11	152.48	638.03	240.68	449.47
Change in Working Capital	3.83	0.41	-3.64	4.83	-11.35

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.