Cargojet 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	80.2	108.4	37.3	190.6	167.4
Depreciation & Amortization	207.1	189.2	221	153.7	123.7
Stock-Based Compensation	4.3	9.7	13.9	-4.1	-15.2
Other Adjustments	-11.5	-18.9	-41.1	-46.6	-17.2
Change in Receivables	-21	16.1	-23.5	-20.6	-32.9
Changes in Inventories	-2	0.1	0.7	-1.1	-0.7
Changes in Accounts Payable	-15.1	23.1	-14.2	17.6	5.1
Changes in Other Operating Activities	-7.4	0.9	-2.2	-9	1
Operating Cash Flow	234.6	328.6	191.9	280.5	231.2
Operating Cash Flow Growth	-28.61%	71.23%	-31.59%	21.32%	-20.98%
Capital Expenditures	-358.7	-250	-266.7	-611.2	-277.6
Sale of Property, Plant & Equipment	9.1	105.1	127	0.7	0.3
Payments for Business Acquisitions	-	-	-	-	-9.4
Other Investing Activities	-	2.2	12.2	-2.6	6.3
Investing Cash Flow	-349.6	-142.7	-127.5	-613.1	-280.4
Long-Term Debt Issued	271	84.2	145.5	308.4	-
Long-Term Debt Repaid	-115	-114.6	-86.3	-	-72.9
Net Long-Term Debt Issued (Repaid)	156	-30.4	59.2	308.4	-72.9
Issuance of Common Stock	-	-	-	-	349.8
Repurchase of Common Stock	-86.6	-127.7	-35.5	-16.7	-
Net Common Stock Issued (Repurchased)	-86.6	-127.7	-35.5	-16.7	349.8
Common Dividends Paid	-16	-26.7	-19.7	-18.9	-17.1
Other Financing Activities	66.8	-31.4	-42.7	-28.8	-119.6
Financing Cash Flow	120.2	-216.2	-38.7	244	140.2
Net Cash Flow	5.2	-30.3	25.7	-88.6	91
Free Cash Flow	-124.1	78.6	-74.8	-330.7	-46.4
FCF Margin	-12.50%	7.85%	-8.52%	-33.75%	-6.12%
Free Cash Flow Per Share	-8.11	4.85	-4.35	-16.29	-2.64
Levered Free Cash Flow	60.1	41.3	35.1	49	-54
Unlevered Free Cash Flow	-306.07	-130.14	-12.63	-300.21	-4.36

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