Cardinal Energy 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	20.8	108.35	103.6	302.69	284.42
Depreciation & Amortization	108.76	105.08	103.5	102.47	78.53
Stock-Based Compensation	9.73	8.94	8.08	7.19	4.41
Other Adjustments	55.87	32.84	15.36	-69.17	-241.83
Changes in Other Operating Activities	11.66	-7.68	-0.27	-5.91	-0.41
Operating Cash Flow	206.82	247.54	230.26	337.26	125.12
Operating Cash Flow Growth	-16.45%	7.50%	-31.73%	169.55%	187.47%
Capital Expenditures	-78.34	-103.28	-128.82	-120.66	-56.4
Sale of Property, Plant & Equipment	0.61	-	11.56	0.43	10.38
Purchases of Intangible Assets	-141.51	-83.28	-4.9	-	-
Payments for Business Acquisitions	-	-	-	-	-15.81
Other Investing Activities	-22.69	22.59	7.52	4.05	15.27
Investing Cash Flow	-241.94	-163.97	-114.64	-116.18	-46.57
Net Short-Term Debt Issued (Repaid)	53	40.69	13.64	-111.13	-49.7
Long-Term Debt Issued	100.08	-	-	-	12.48
Long-Term Debt Repaid	-	-	-	-13.67	-33.54
Net Long-Term Debt Issued (Repaid)	100.08	-	-	-13.67	-21.06
Issuance of Common Stock	0.84	-	-	12.09	0.28
Repurchase of Common Stock	-1.72	-6.18	-11.57	-55.89	-6.34
Net Common Stock Issued (Repurchased)	-0.88	-6.18	-11.57	-43.8	-6.06
Common Dividends Paid	-115.91	-115.91	-115.82	-50.85	-
Other Financing Activities	-1.18	-2.17	-1.89	-1.64	-1.72
Financing Cash Flow	35.12	-83.57	-115.63	-221.08	-78.55
Free Cash Flow	128.48	144.26	101.45	216.61	68.72
Free Cash Flow Growth	-10.94%	42.20%	-53.17%	215.21%	471.22%
FCF Margin	29.24%	29.00%	21.09%	36.60%	18.64%
Free Cash Flow Per Share	0.79	0.90	-	-	0.44
Levered Free Cash Flow	215.95	143.16	91.65	153.79	235.37
Unlevered Free Cash Flow	78.07	112.49	85.85	290.64	348.17

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