CI Financial Cash Flow Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-299.76	-411.05	5.02	299.76	409.33	475.98
Depreciation & Amortization	250.14	228.71	189.04	153.25	96.82	41.46
Other Amortization	7.45	5.09	2.63	1.87	-	2.05
Asset Writedown & Restructuring Costs	-	-	3.75	-	-	-
Loss (Gain) From Sale of Investments	-30.33	-315.33	-82.73	11.9	-20.58	-6.95
Loss (Gain) on Equity Investments	-4.26	-3.94	-8.9	-	-	-
Stock-Based Compensation	124.45	82.57	25.78	24.58	22.01	10.66
Other Operating Activities	554.02	766.25	427.96	73.2	142.65	0.17
Change in Other Net Operating Assets	-90.28	208.75	-113.13	-85.63	15.74	18.6
Operating Cash Flow	511.43	561.05	449.41	478.92	665.96	541.97
Operating Cash Flow Growth	11.04%	24.84%	-6.16%	-28.09%	22.88%	-2.88%
Capital Expenditures	-42.6	-95.58	-39.13	-17.48	-7.8	-11.99
Cash Acquisitions	-294.7	-222.9	-155.14	-472.46	-934.59	-527.3
Sale (Purchase) of Intangibles	-6.18	-4.73	-12.04	-11.36	-12.42	-17.13
Investment in Securities	-1.76	10.08	125.84	93.23	10.31	5.95
Other Investing Activities	-231.04	-349.18	-443.84	-100.46	-457.38	-47.65
Investing Cash Flow	-576.28	-662.32	-524.3	-508.53	-1,402	-598.11
Long-Term Debt Issued	-	2,719	768	718	1,705	1,471
Long-Term Debt Repaid	-	-2,094	-1,433	-478.47	-707.82	-637.17
Net Debt Issued (Repaid)	490.4	624.84	-665.26	239.53	996.98	833.85
Issuance of Common Stock	1.03	1.01	-	-	-	-
Repurchase of Common Stock	-158.45	-244.11	-474.91	-229.71	-364.32	-257.94
Common Dividends Paid	-116.03	-120.05	-125.54	-137.38	-146.45	-155.31
Other Financing Activities	-132.91	-129.84	-26.29	80.02	-3.11	0.78
Financing Cash Flow	84.03	131.85	58.3	-47.54	483.1	421.38
Net Cash Flow	19.17	30.58	-16.59	-77.16	-252.82	365.24
Free Cash Flow	468.83	465.47	410.28	461.44	658.16	529.98
Free Cash Flow Growth	27.64%	13.45%	-11.09%	-29.89%	24.19%	-2.87%
Free Cash Flow Margin	12.98%	12.40%	12.93%	15.86%	23.97%	25.91%
Free Cash Flow Per Share	3.27	3.16	2.39	2.43	3.25	2.46
Cash Interest Paid	232.18	209.16	166.87	139.38	115.56	63
Cash Income Tax Paid	200.45	191.03	156.79	224.37	193.9	147.8
Levered Free Cash Flow	579.16	773.4	780.18	1,155	993.31	716.53
Unlevered Free Cash Flow	723.48	907.24	888.18	1,248	1,062	755.38
Change in Working Capital	-90.28	208.75	-113.13	-85.63	15.74	18.6

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.