Cascades 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	Jun '26 Jun 30, 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	126	70	-31	-76	-34	103
Depreciation & Amortization	294	287	282	272	252	252
Other Adjustments	21	46	44	201	42	-167
Changes in Other Operating Activities	57	-24	-23	113	-116	-36
Operating Cash Flow	498	379	272	510	144	211
Operating Cash Flow Growth	83.76%	39.34%	-46.67%	254.17%	-31.75%	-55.77%
Capital Expenditures	-140	-152	-161	-350	-501	-286
Sale of Property, Plant & Equipment	35	27	34	7	19	53
Purchases of Intangible Assets	-	-	-23	-1	-5	-15
Proceeds from Sale of Investments	-	-	-	12	1	1
Proceeds from Business Divestments	-	31	-	-	-	-
Investing Cash Flow	-12	-94	-150	-332	-486	-247
Long-Term Debt Issued	-	541	-	-	355	5
Long-Term Debt Repaid	-84	-536	-75	-137	-336	-447
Net Long-Term Debt Issued (Repaid)	-84	5	-75	-137	19	-442
Issuance of Common Stock	1	2	2	2	1	2
Repurchase of Common Stock	-	-	-	-	-9	-26
Net Common Stock Issued (Repurchased)	1	2	2	2	-8	-24
Common Dividends Paid	-49	-49	-48	-48	-48	-41
Other Financing Activities	-283	-221	-28	-42	309	-22
Financing Cash Flow	-415	-263	-149	-225	272	-529
Foreign Exchange Rate Adjustments	-	-1	-	-1	-2	-1
Net Cash Flow	71	22	-27	-47	-70	-209
Free Cash Flow	358	227	111	160	-357	-75
Free Cash Flow Growth	222.52%	104.51%	-30.63%	-	-	-
FCF Margin	7.49%	4.75%	2.36%	3.45%	-7.99%	-1.90%
Free Cash Flow Per Share	3.52	2.24	1.10	1.58	-3.53	-0.73
Levered Free Cash Flow	253	186	-8	-178	-380	-350
Unlevered Free Cash Flow	453.7	301.04	145.5	67.12	-352.17	-8.16