Canfor 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	-873.6	-736.2	-348.5	861.1	1,459
Depreciation & Amortization	410.4	429.1	420.4	397.2	376.8
Other Adjustments	499.4	421.3	-49.5	242.8	736.2
Changes in Income Taxes Payable	52.3	75	-33.8	-462.6	-273.6
Changes in Other Operating Activities	-19	-15	166.1	74.5	-383.3
Operating Cash Flow	69.5	174.2	154.7	1,113	4,213
Operating Cash Flow Growth	-60.10%	12.61%	-86.10%	-73.58%	292.43%
Capital Expenditures	-288.7	-527.1	-587	-625.3	-428.2
Sale of Property, Plant & Equipment	18.5	72.6	9.1	-	-
Purchases of Investments	41.9	-16.5	-59.4	-	-
Proceeds from Sale of Investments	19.7	-	-	-	-
Payments for Business Acquisitions	-149.1	-218.9	-	-434	-38.2
Other Investing Activities	6.2	17.7	33.6	12.7	-2
Investing Cash Flow	-351.5	-672.2	-603.7	-1,047	-468.4
Long-Term Debt Repaid	-	-	-	-0.4	-422.8
Net Long-Term Debt Issued (Repaid)	-	-	-	-0.4	-422.8
Repurchase of Common Stock	-28	-9	-44.3	-78.9	-19.2
Net Common Stock Issued (Repurchased)	-28	-9	-44.3	-78.9	-19.2
Other Financing Activities	167.4	133.1	-141.3	-100.1	-62.1
Financing Cash Flow	139.4	124.1	-185.6	-179.4	-504.1
Effect of Exchange Rate Changes on Cash and Cash Equivalents	15.7	5.8	-6.7	26.9	-6.8
Net Cash Flow	-126.9	-368.1	-641.3	-86.1	935.6
Free Cash Flow	-219.2	-352.9	-432.3	487.7	3,785
Free Cash Flow Growth	-	-	-	-87.11%	334.00%
FCF Margin	-4.11%	-6.72%	-7.97%	6.57%	49.25%
Free Cash Flow Per Share	-1.87	-2.98	-3.60	3.96	30.30
Levered Free Cash Flow	-641.7	-707	-360.4	170.7	210.5
Unlevered Free Cash Flow	-644.5	-743.28	-412.39	218.18	759.19

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.