Exchange Income 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	188.21	167.52	121.24	122.31	109.67	68.59
Depreciation & Amortization	408.06	384.92	310.42	265.83	219.71	186.39
Stock-Based Compensation	2.15	2.07	1.75	1.5	1.12	1.27
Other Adjustments	28.66	27.88	5.4	16.14	25.84	8.05
Changes in Other Operating Activities	64.05	65.56	-81.79	-52.56	-21.22	20.76
Operating Cash Flow	691.13	647.94	357.01	353.23	335.12	285.05
Operating Cash Flow Growth	74.79%	81.49%	1.07%	5.40%	17.57%	9.64%
Capital Expenditures	-755.86	-728.31	-488.23	-503.27	-359.63	-274.42
Sale of Property, Plant & Equipment	126.32	105.6	60.2	27.5	85.01	52.29
Purchases of Intangible Assets	-2.12	-1.86	-2.16	-2.57	-6.95	-5
Proceeds from Sale of Intangible Assets	-	-	-	-	0.23	-
Payments for Business Acquisitions	-210.73	-176.83	-153.8	-166.64	-321.09	-135.71
Other Investing Activities	11.5	21.36	16.45	-5.78	-53.02	4.9
Investing Cash Flow	-830.9	-780.03	-567.54	-650.75	-655.45	-357.94
Long-Term Debt Issued	1,176	535.68	374.21	489.4	647.51	497.79
Long-Term Debt Repaid	-847.13	-210.22	-97.84	-299.49	-295.83	-432.15
Net Long-Term Debt Issued (Repaid)	328.93	325.46	276.37	189.91	351.68	65.64
Issuance of Common Stock	24.38	23.49	24.25	187.11	127.11	99.17
Net Common Stock Issued (Repurchased)	24.38	23.49	24.25	187.11	127.11	99.17
Common Dividends Paid	-145.13	-139.87	-125.89	-114.59	-97.47	-85.39
Other Financing Activities	-	-	1.6	-1.08	-0.35	-
Financing Cash Flow	208.18	209.08	176.33	261.35	380.97	79.42
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-1.35	-3.01	2.45	-0.16	3.85	-0.98
Net Cash Flow	68.4	76.99	-34.21	-36.17	60.64	6.53
Free Cash Flow	-64.73	-80.37	-131.23	-150.04	-24.52	10.63
Free Cash Flow Growth	-	-	-	-	-	-91.02%
FCF Margin	-1.86%	-2.45%	-4.93%	-6.01%	-1.19%	0.75%
Free Cash Flow Per Share	-1.13	-1.41	-2.48	-2.89	-0.52	0.35
Levered Free Cash Flow	233.39	215.15	138	22.22	300.21	66.95
Unlevered Free Cash Flow	-5.4	-13.71	-38.87	-78.57	5.3	34.92

Updated May 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.