CCL Industries 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	802.4	843.1	530.2	622.7	599.1
Depreciation & Amortization	465.2	432.4	403.3	365.3	342.4
Loss (Gain) From Sale of Assets	-0.6	-3	-9	-13.8	-5.9
Asset Writedown & Restructuring Costs	-	-	95	-	-
Loss (Gain) From Sale of Investments	-	-78.1	-	-	-
Loss (Gain) on Equity Investments	1	-18.9	-10.5	-13.5	-5
Stock-Based Compensation	40.7	33.7	49.7	38.6	28.3
Other Operating Activities	-3.6	-1.8	-29.1	-15.5	-6.5
Change in Accounts Receivable	-40.1	-142	39.2	23.6	-129.5
Change in Inventory	16.3	-77.5	77.4	-69.6	-125.9
Change in Accounts Payable	20.9	70.7	-120.7	41.9	164
Change in Income Taxes	-0.1	-8.9	-0.8	-4	-2.5
Change in Other Net Operating Assets	2.3	14.2	-21.4	17.1	-19.8
Operating Cash Flow	1,304	1,064	1,003	992.8	838.7
Operating Cash Flow Growth	22.61%	6.04%	1.06%	18.37%	-5.01%
Capital Expenditures	-441.2	-462	-461.6	-447.2	-323.8
Sale of Property, Plant & Equipment	28.1	4.6	17.9	27.8	16.9
Cash Acquisitions	-24.6	-142.9	-324.3	-287.2	-234.4
Investing Cash Flow	-437.7	-600.3	-768	-706.6	-541.3
Long-Term Debt Issued	355.9	236.8	330.9	1,011	41.3
Long-Term Debt Repaid	-541.7	-260.4	-461.4	-718.4	-310.8
Net Debt Issued (Repaid)	-185.8	-23.6	-130.5	292.3	-269.5
Issuance of Common Stock	-	6.3	28.6	5.4	50.5
Repurchase of Common Stock	-300	-200.6	-5.1	-200	-
Common Dividends Paid	-223.7	-206.4	-188.2	-170.3	-151
Financing Cash Flow	-709.5	-424.3	-295.2	-72.6	-370
Foreign Exchange Rate Adjustments	12.3	15.2	-5.4	23.8	-29
Net Cash Flow	169.5	54.5	-65.3	237.4	-101.6
Free Cash Flow	863.2	601.9	541.7	545.6	514.9
Free Cash Flow Growth	43.41%	11.11%	-0.71%	5.96%	-14.20%
Free Cash Flow Margin	11.26%	8.31%	8.15%	8.55%	8.98%
Free Cash Flow Per Share	4.92	3.35	3.01	3.04	2.85
Cash Income Tax Paid	-	257.5	246.4	206.9	196.8
Levered Free Cash Flow	738.19	403.13	486.95	394.36	392.09
Unlevered Free Cash Flow	801.31	457.19	543.76	441.93	432.09
Change in Working Capital	-0.7	-143.5	-26.3	9	-113.7

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