Cameco 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	589.58	171.85	360.85	89.38	-102.58
Depreciation & Amortization	333.75	316.95	259.94	206.36	211.86
Loss (Gain) From Sale of Assets	3.12	1.04	2.19	0.51	3.8
Loss (Gain) on Equity Investments	-216.39	10.84	-154.46	-93.99	-68.28
Stock-Based Compensation	9.66	6.78	3.69	3.32	4.54
Other Operating Activities	480.19	450.05	281.82	218.46	121.7
Change in Accounts Receivable	-15.25	78.56	-242.42	99.6	-75.68
Change in Inventory	20.15	-111.53	46.8	-226.36	294.4
Change in Accounts Payable	232.14	21.4	169.04	16.4	91.76
Change in Other Net Operating Assets	-28.51	-40.66	-39.33	-9.08	-23.23
Operating Cash Flow	1,408	905.29	688.14	304.61	458.29
Operating Cash Flow Growth	55.58%	31.56%	125.91%	-33.53%	705.58%
Capital Expenditures	-333.03	-211.64	-153.63	-143.45	-98.78
Sale of Property, Plant & Equipment	0.25	0.38	0.07	0.78	5.36
Cash Acquisitions	-	-	-3,029	-101.68	-
Investment in Securities	-99.6	-	1,137	-1,044	-59.92
Other Investing Activities	-1.14	4.82	1	-2	73.05
Investing Cash Flow	-433.52	-206.44	-2,045	-1,291	-80.3
Long-Term Debt Issued	-	497.02	816.58	-	-
Long-Term Debt Repaid	-287.97	-1,044	-2.43	-2.91	-2.73
Net Debt Issued (Repaid)	-287.97	-546.62	814.15	-2.91	-2.73
Issuance of Common Stock	2.17	16.66	27.54	962.92	26.77
Common Dividends Paid	-104.48	-69.64	-52.08	-51.9	-31.84
Other Financing Activities	-52.64	-88.82	-40.8	-38.86	-38.98
Financing Cash Flow	-442.93	-688.42	748.81	869.26	-46.77
Foreign Exchange Rate Adjustments	-17.59	23.23	31.04	13.18	-2.15
Net Cash Flow	514.4	33.65	-576.87	-103.77	329.07
Free Cash Flow	1,075	693.65	534.51	161.16	359.5
Free Cash Flow Growth	55.04%	29.78%	231.66%	-55.17%	-
Free Cash Flow Margin	30.89%	22.12%	20.66%	8.63%	24.37%
Free Cash Flow Per Share	2.47	1.59	1.23	0.40	0.90
Cash Interest Paid	52.64	88.82	40.8	38.86	38.98
Cash Income Tax Paid	90.21	38.49	-70.37	1.52	-9.58
Levered Free Cash Flow	479.94	556.59	186.73	-23.46	369.29
Unlevered Free Cash Flow	514.24	614.11	220.23	5.69	394.26
Change in Working Capital	208.52	-52.23	-65.9	-119.43	287.25

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