Canadian Utilities Limited (TSX:CU)
Canada · Delayed Price · Currency is CAD 52.02
-0.17 (-0.33%)
Nov 9, 2026, 4:00 PM EST
Canadian Utilities Cash Flow Statement
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 | 118 | 119 | 480 | 707 | 632 | 393 |
Depreciation & Amortization | 711 | 678 | 664 | 725 | 642 | 651 |
Other Amortization | 49 | 49 | 47 | - | - | - |
Loss (Gain) on Equity Investments | -86 | -88 | -73 | 11 | -7 | -13 |
Asset Writedown | 566 | 566 | - | - | - | - |
Change in Accounts Receivable | 193 | 193 | -49 | 112 | -155 | -105 |
Change in Inventory | -15 | -15 | -15 | -41 | -3 | 7 |
Change in Accounts Payable | -156 | -156 | -8 | -111 | 264 | 153 |
Change in Other Net Operating Assets | -32 | - | -11 | -61 | - | -7 |
Other Operating Activities | 854 | 715 | 882 | 438 | 767 | 639 |
Operating Cash Flow | 2,202 | 2,061 | 1,917 | 1,780 | 2,140 | 1,718 |
Operating Cash Flow Growth | 6.33% | 7.51% | 7.70% | -16.82% | 24.56% | 5.33% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Capital Expenditures | -1,571 | -1,439 | -1,490 | -1,200 | -1,224 | -1,078 |
Sale of Property, Plant & Equipment | 4 | 7 | 1 | 3 | 1 | 30 |
Cash Acquisitions | -30 | -30 | - | -691 | - | -84 |
Divestitures | - | - | 114 | - | 8 | - |
Sale (Purchase) of Intangibles | -214 | -128 | -105 | -139 | -145 | -143 |
Investment in Securities | -21 | -20 | -14 | -202 | -8 | -27 |
Other Investing Activities | 107 | -32 | 85 | -24 | 112 | 40 |
Investing Cash Flow | -1,725 | -1,642 | -1,409 | -2,253 | -1,256 | -1,262 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Short-Term Debt Issued | - | - | - | - | - | 206 |
Long-Term Debt Issued | - | 2,126 | 650 | 1,872 | 576 | 461 |
Total Debt Issued | 712 | 2,126 | 650 | 1,872 | 576 | 667 |
Short-Term Debt Repaid | - | - | - | - | -206 | - |
Long-Term Debt Repaid | - | -647 | -374 | -881 | -355 | -177 |
Lease Payments | -10 | -11 | -10 | -10 | -8 | -10 |
Total Debt Repaid | -509 | -647 | -374 | -881 | -561 | -177 |
Net Debt Issued (Repaid) | 203 | 1,479 | 276 | 991 | 15 | 490 |
Issuance of Common Stock | 18 | 18 | - | 18 | 1 | - |
Common Dividends Paid | -503 | -498 | -473 | -458 | -460 | -476 |
Preferred Dividends Paid | -77 | -77 | -77 | -77 | -75 | -65 |
Dividends Paid | -580 | -575 | -550 | -535 | -535 | -541 |
Other Financing Activities | -576 | -546 | -516 | -493 | -413 | -518 |
Financing Cash Flow | -984 | 327 | -790 | -19 | -932 | -478 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Foreign Exchange Rate Adjustments | 4 | 5 | -5 | 1 | -4 | -6 |
Net Cash Flow | -503 | 751 | -287 | -491 | -52 | -28 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Free Cash Flow | 631 | 622 | 427 | 580 | 916 | 640 |
Free Cash Flow Growth | 33.69% | 45.67% | -26.38% | -36.68% | 43.13% | -22.71% |
Free Cash Flow Margin | 16.30% | 16.86% | 11.41% | 15.28% | 22.63% | 18.21% |
Free Cash Flow Per Share | 2.31 | 2.29 | 1.57 | 2.15 | 3.40 | 2.37 |
Levered Free Cash Flow | -554.38 | -472.5 | -531.88 | -416.63 | -20.13 | -279.88 |
Unlevered Free Cash Flow | -211.25 | -153.13 | -214.38 | -129.13 | 234.25 | -21.75 |
Free Cash Flow After Leases | 621 | 611 | 417 | 570 | 908 | 630 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Cash Interest Paid | 557 | 519 | 499 | 453 | 401 | 385 |
Cash Income Tax Paid | 24 | 41 | 17 | 34 | 25 | 47 |
Change in Working Capital | -10 | 22 | -83 | -101 | 106 | 48 |