Calfrac Well Services 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	41.93	8.54	190.67	11.68	-82.81
Depreciation & Amortization	124.79	135.89	116.64	122.23	127.93
Stock-Based Compensation	-0.86	-1.17	5.12	2.78	2.27
Other Adjustments	-6.02	-1.34	4.4	45.89	-12.6
Changes in Other Operating Activities	35.58	-13.41	-35.19	-75.03	-50.13
Operating Cash Flow	199.6	127.18	281.63	107.53	-15.34
Operating Cash Flow Growth	56.93%	-54.84%	161.91%	-	-
Capital Expenditures	-129.04	-183.84	-168.64	-79.81	-63.43
Sale of Property, Plant & Equipment	11.36	14.71	22.55	3.58	0.94
Other Investing Activities	1.32	1.75	1.32	1.91	1.2
Investing Cash Flow	-124.63	-169.65	-144.77	-74.33	-61.29
Short-Term Debt Issued	-	-	-	15	-
Short-Term Debt Repaid	-	-	-	-15	-
Long-Term Debt Issued	198.5	119.97	92.2	17.76	59.56
Long-Term Debt Repaid	-320.29	-76.56	-188.67	-54.17	-13.89
Net Long-Term Debt Issued (Repaid)	-121.79	43.4	-96.47	-36.4	45.67
Issuance of Common Stock	34.8	0.54	12.34	2.87	0.18
Net Common Stock Issued (Repurchased)	34.8	0.54	12.34	2.87	0.18
Financing Cash Flow	-87	43.94	-84.13	-33.53	45.85
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-32.08	4.11	-25.94	20.07	-0.4
Net Cash Flow	-44.11	5.59	26.8	19.74	-31.18
Free Cash Flow	70.56	-56.66	113	27.72	-78.77
Free Cash Flow Growth	-	-	307.61%	-	-
FCF Margin	5.08%	-3.61%	6.06%	1.85%	-8.95%
Free Cash Flow Per Share	0.80	-0.64	1.28	0.33	-
Levered Free Cash Flow	-71.85	-5.73	0.12	-57.35	-10.86
Unlevered Free Cash Flow	91.97	-0.09	139.48	70.38	-50.97

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