TSX:D.UN 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	-160.11	-104.93	-77.2	63.64	154.21
Depreciation & Amortization	0	0.12	0.16	0.43	0.9
Other Amortization	12.73	12.38	11.82	11.34	11.45
Gain (Loss) on Sale of Investments	37.73	0.83	45.76	2.16	-5.2
Asset Writedown	147.75	114.86	96.86	95.27	-47.78
Stock-Based Compensation	1.9	1.72	1.86	2.69	2.71
Income (Loss) on Equity Investments	-5.97	-11.59	-10.48	-61.87	-85.1
Change in Accounts Receivable	-2.56	-4.47	5.61	-2.35	-3.58
Change in Other Net Operating Assets	-0.35	1.12	-6.27	-4.01	8.82
Other Operating Activities	38.12	33.17	2.6	-30.63	58.27
Net Cash from Discontinued Operations	-	-	-	-	1.11
Operating Cash Flow	71.52	72.39	70.73	76.67	95.81
Operating Cash Flow Growth	-1.21%	2.36%	-7.75%	-19.98%	1.61%
Acquisition of Real Estate Assets	-44.21	-39.14	-33.36	-46.82	-43.37
Sale of Real Estate Assets	111.31	7.39	134.39	14.09	-
Net Sale / Acq. of Real Estate Assets	67.1	-31.75	101.03	-32.73	-43.37
Investment in Marketable & Equity Securities	68.16	11.16	186.55	17.32	15.08
Other Investing Activities	-	-	-	-	1.14
Investing Cash Flow	150.13	-21.07	286.12	-19.24	-29.38
Long-Term Debt Issued	133.12	351	366.42	139.8	262.77
Total Debt Issued	133.12	351	366.42	139.8	262.77
Long-Term Debt Repaid	-274.15	-313.68	-399.5	-51.41	-173.86
Total Debt Repaid	-274.15	-313.68	-399.5	-51.41	-173.86
Net Debt Issued (Repaid)	-141.03	37.32	-33.08	88.39	88.91
Repurchase of Common Stock	-	-0.1	-216.51	-43.01	-60.99
Common Dividends Paid	-16.36	-19.05	-39.07	-46.98	-50.17
Other Financing Activities	-66.84	-65.32	-62.75	-57	-48.49
Foreign Exchange Rate Adjustments	-0.53	0.82	-0.18	0.42	-0
Net Cash Flow	-3.1	5	5.26	-0.75	-4.31
Cash Interest Paid	64.39	63.46	60.94	56.25	47.06
Levered Free Cash Flow	40.14	-6.21	207.64	-72.68	106.86
Unlevered Free Cash Flow	80.83	36.22	247.77	-37.01	137.24
Change in Working Capital	-2.92	-3.35	-0.66	-6.36	5.25

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.