Cardinal Energy Ltd. (TSX:CJ)

Nikola Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	108.35	103.6	302.69	284.42	-363.16
Depreciation & Amortization	114	111.3	64.11	-132.21	-47.36
Loss (Gain) From Sale of Assets	-	-3.01	-0.24	-28.56	1.83
Asset Writedown & Restructuring Costs	-	-	-	-	343
Stock-Based Compensation	8.94	8.08	7.19	4.41	3.75
Other Operating Activities	23.92	10.58	-30.58	-2.52	102.93
Change in Other Net Operating Assets	-7.68	-0.27	-5.91	-0.41	2.55
Operating Cash Flow	247.54	230.26	337.26	125.12	43.53
Operating Cash Flow Growth	7.50%	-31.73%	169.55%	187.47%	-63.72%
Capital Expenditures	-186.56	-109.11	-120.66	-56.4	-31.51
Sale of Property, Plant & Equipment	-	11.56	0.43	10.38	-
Cash Acquisitions	-	-24.6	-	-15.81	-
Other Investing Activities	22.59	7.52	4.05	15.27	-19.24
Investing Cash Flow	-163.97	-114.64	-116.18	-46.57	-50.75
Long-Term Debt Issued	40.69	13.64	-	12.48	32.2
Long-Term Debt Repaid	-1.67	-1.96	-126.37	-85.04	-18.4
Net Debt Issued (Repaid)	39.02	11.68	-126.37	-72.56	13.8
Issuance of Common Stock	-	-	12.09	0.28	4.06
Repurchase of Common Stock	-6.18	-11.57	-55.89	-6.34	-4.41
Common Dividends Paid	-115.91	-115.82	-50.85	-	-3.51
Other Financing Activities	-0.49	0.08	-0.06	0.08	-2.72
Financing Cash Flow	-83.57	-115.63	-221.08	-78.55	7.22
Free Cash Flow	60.98	121.15	216.61	68.72	12.02
Free Cash Flow Growth	-49.67%	-44.07%	215.21%	471.75%	-77.77%
Free Cash Flow Margin	12.26%	25.18%	36.60%	18.64%	6.22%
Free Cash Flow Per Share	0.38	0.76	1.37	0.45	0.11
Cash Interest Paid	7.62	5.36	5.55	13.07	11.96
Levered Free Cash Flow	37.84	103.54	144.74	-8.5	-36.19
Unlevered Free Cash Flow	41.38	106.89	148.43	0.37	-28.16
Change in Working Capital	-7.68	-0.27	-5.91	-0.41	2.55

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