Cargojet 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	Sep '25 Sep 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	124.8	108.4	37.3	190.6	167.4	-87.8
Depreciation & Amortization	140.5	149.9	162.6	128.9	105.9	89
Other Amortization	22.2	18.2	15.9	13.3	10.5	10.5
Loss (Gain) From Sale of Assets	-0.9	-17.4	2.8	-0.7	-0.3	-0.8
Asset Writedown & Restructuring Costs	8.5	2.6	15.8	-	-	0.6
Loss (Gain) on Equity Investments	-1.6	-0.4	0.1	2	-	-
Stock-Based Compensation	-1.5	7.3	1.5	-4.1	-15.2	32.9
Provision & Write-off of Bad Debts	39.2	21.1	42.5	11.5	7.3	9.6
Other Operating Activities	-41.7	-1.3	-47.4	-47.9	-16.9	205
Change in Accounts Receivable	58.6	16.1	-28.9	-22.6	-32.9	10
Change in Inventory	-1.8	0.1	0.7	-1.1	-0.7	0.8
Change in Accounts Payable	-5.1	23.1	-14.2	17.6	5.1	21.9
Change in Other Net Operating Assets	-32.7	0.9	3.2	-7	1	0.9
Operating Cash Flow	308.5	328.6	191.9	280.5	231.2	292.6
Operating Cash Flow Growth	20.27%	71.23%	-31.59%	21.32%	-20.98%	101.93%
Capital Expenditures	-391.2	-250	-266.7	-611.2	-277.6	-146.6
Sale of Property, Plant & Equipment	5.5	105.1	127	0.7	0.3	0.8
Investment in Securities	-	-	-	-	-9.4	-
Other Investing Activities	-25.6	-	12.2	-2.6	6.3	18.1
Investing Cash Flow	-447	-142.7	-127.5	-613.1	-280.4	-127.7
Long-Term Debt Issued	-	84.2	145.5	308.4	-	109.9
Long-Term Debt Repaid	-	-146	-129	-28.5	-189.7	-248.6
Net Debt Issued (Repaid)	131.5	-61.8	16.5	279.9	-189.7	-138.7
Issuance of Common Stock	-	-	-	-	349.8	-
Repurchase of Common Stock	-77.6	-127.7	-35.5	-17	-2.8	-2.4
Common Dividends Paid	-21.9	-26.7	-19.7	-18.9	-17.1	-14.6
Other Financing Activities	103.5	-	-	-	-	-7.1
Financing Cash Flow	135.5	-216.2	-38.7	244	140.2	-162.8
Net Cash Flow	-3	-30.3	25.7	-88.6	91	2.1
Free Cash Flow	-82.7	78.6	-74.8	-330.7	-46.4	146
Free Cash Flow Margin	-8.26%	7.85%	-8.52%	-33.75%	-6.12%	21.84%
Free Cash Flow Per Share	-5.05	4.84	-4.35	-16.34	-2.65	9.36
Cash Interest Paid	43.3	46.6	46.5	24.1	20	24.1
Levered Free Cash Flow	-210.25	107	-171.95	-339.74	-66.65	48.94
Unlevered Free Cash Flow	-178	142.5	-136.45	-318.74	-47.34	73.69
Change in Working Capital	19	40.2	-39.2	-13.1	-27.5	33.6

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