TSX:CNR Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	4,705	4,720	4,448	5,625	5,118	4,899
Depreciation & Amortization	1,929	1,938	1,892	1,817	1,729	1,695
Other Adjustments	-117	-76	18	-835	17	62
Change in Receivables	55	92	205	71	-290	-22
Changes in Inventories	-28	-24	-6	-18	-82	-7
Changes in Accounts Payable	337	220	-107	-191	-9	141
Changes in Other Operating Activities	269	179	249	496	184	203
Operating Cash Flow	7,150	7,049	6,699	6,965	6,667	6,971
Operating Cash Flow Growth	5.99%	5.22%	-3.82%	4.47%	-4.36%	13.07%
Capital Expenditures	-3,578	-3,658	-3,549	-3,187	-2,750	-2,891
Sale of Property, Plant & Equipment	84	-	-	129	273	-
Payments for Business Acquisitions	-	-	-	-390	-	-22
Other Investing Activities	-46	-55	-58	-20	-33	40
Investing Cash Flow	-3,540	-3,713	-3,607	-3,468	-2,510	-2,873
Long-Term Debt Issued	1,965	1,965	3,483	2,554	1,899	403
Long-Term Debt Repaid	-1,127	-446	-1,038	-250	-383	-861
Net Long-Term Debt Issued (Repaid)	838	1,519	2,445	2,304	1,516	-458
Issuance of Common Stock	56	56	41	49	61	52
Repurchase of Common Stock	-2,864	-2,129	-2,707	-4,634	-4,882	-1,672
Net Common Stock Issued (Repurchased)	-2,808	-2,073	-2,666	-4,585	-4,821	-1,620
Common Dividends Paid	-2,209	-2,208	-2,138	-2,071	-2,004	-1,740
Other Financing Activities	913	-609	-1,261	946	642	-39
Financing Cash Flow	-3,266	-3,371	-3,620	-3,406	-4,667	-3,857
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-2	-3	5	-1	3	-
Net Cash Flow	342	-38	-523	90	-507	241
Free Cash Flow	3,572	3,391	3,150	3,778	3,917	4,080
Free Cash Flow Growth	5.34%	7.65%	-16.62%	-3.55%	-4.00%	23.56%
FCF Margin	20.67%	19.60%	18.48%	22.45%	22.90%	28.18%
Free Cash Flow Per Share	5.77	5.44	4.96	5.73	5.69	5.74
Levered Free Cash Flow	4,472	4,894	5,372	6,846	5,706	3,582
Unlevered Free Cash Flow	3,835	3,618	3,227	4,637	4,248	3,479

Updated Apr 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.