Cenovus Energy Inc. (TSX:CVE)
Canada · Delayed Price · Currency is CAD 38.74
-0.02 (-0.05%)
Nov 6, 2026, 4:00 PM EST
Cenovus Energy 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 | 8,734 | 3,930 | 3,142 | 4,109 | 6,450 | 587 |
Depreciation & Amortization | 6,065 | 5,435 | 5,096 | 4,864 | 4,489 | 4,143 |
Loss (Gain) From Sale of Assets | -164 | -87 | -119 | 20 | -269 | -229 |
Asset Writedown & Restructuring Costs | - | - | - | - | -183 | 1,942 |
Loss (Gain) on Equity Investments | 23 | 82 | 106 | 98 | 50 | 80 |
Stock-Based Compensation | 553 | 163 | -145 | -12 | - | - |
Other Operating Activities | 612 | -932 | -150 | -498 | 291 | 623 |
Change in Other Net Operating Assets | -14 | -363 | 1,305 | -1,193 | 575 | -1,227 |
Operating Cash Flow | 15,809 | 8,228 | 9,235 | 7,388 | 11,403 | 5,919 |
Operating Cash Flow Growth | 101.41% | -10.90% | 25.00% | -35.21% | 92.65% | 2068.13% |
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 | -5,184 | -4,907 | -5,015 | -4,298 | -3,708 | -2,563 |
Cash Acquisitions | -4,200 | -4,418 | -22 | -515 | -397 | 735 |
Divestitures | 2,324 | 1,891 | 46 | 12 | 1,514 | 435 |
Investment in Securities | -14 | -7 | -80 | -125 | -211 | 17 |
Other Investing Activities | 123 | -236 | -55 | -369 | 488 | 434 |
Investing Cash Flow | -6,951 | -7,677 | -5,126 | -5,295 | -2,314 | -942 |
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 | - | 152 | 5 | 58 | 34 | - |
Long-Term Debt Issued | - | 5,678 | - | - | - | 1,557 |
Total Debt Issued | 5,593 | 5,830 | 5 | 58 | 34 | 1,557 |
Short-Term Debt Repaid | - | - | - | - | - | -77 |
Long-Term Debt Repaid | - | -2,674 | -299 | -1,634 | -4,451 | -3,520 |
Lease Payments | -356 | -350 | -299 | -288 | -302 | -300 |
Total Debt Repaid | -5,185 | -2,674 | -299 | -1,634 | -4,451 | -3,597 |
Net Debt Issued (Repaid) | 408 | 3,156 | -294 | -1,576 | -4,417 | -2,040 |
Issuance of Common Stock | 98 | 32 | 78 | 64 | 200 | 8 |
Repurchase of Common Stock | -3,906 | -2,150 | -1,488 | -1,061 | -2,530 | -265 |
Preferred Dividends Paid | -6 | -14 | -45 | -36 | -26 | -34 |
Common Dividends Paid | -1,567 | -1,423 | -1,506 | -990 | -901 | -176 |
Dividends Paid | -1,573 | -1,437 | -1,551 | -1,026 | -927 | -210 |
Other Financing Activities | - | - | - | -714 | -2 | - |
Financing Cash Flow | -5,273 | -749 | -3,505 | -4,313 | -7,676 | -2,507 |
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 | 62 | -155 | 262 | -77 | 238 | 25 |
Net Cash Flow | 3,647 | -353 | 866 | -2,297 | 1,651 | 2,495 |
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 | 10,625 | 3,321 | 4,220 | 3,090 | 7,695 | 3,356 |
Free Cash Flow Growth | 276.24% | -21.30% | 36.57% | -59.84% | 129.29% | - |
Free Cash Flow Margin | 18.76% | 6.68% | 7.78% | 5.92% | 11.50% | 7.24% |
Free Cash Flow Per Share | 5.73 | 1.82 | 2.27 | 1.59 | 3.84 | 1.64 |
Levered Free Cash Flow | 10,272 | 2,719 | 3,974 | 2,246 | 8,176 | 2,337 |
Unlevered Free Cash Flow | 10,594 | 2,980 | 4,239 | 2,560 | 8,573 | 2,792 |
Free Cash Flow After Leases | 10,269 | 2,971 | 3,921 | 2,802 | 7,393 | 3,056 |
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 | 381 | 381 | 356 | 402 | 647 | 811 |
Cash Income Tax Paid | 1,225 | 1,225 | 868 | 2,595 | 723 | 209 |
Change in Working Capital | -14 | -363 | 1,305 | -1,193 | 575 | -1,227 |