Freehold Royalties Ltd. (TSX:FRU)

Freehold Royalties Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	149.45	131.9	209.19	72.08	-13.93
Depreciation & Amortization	101.74	96.89	102.7	88.13	89.14
Stock-Based Compensation	-3.13	-0.53	3.29	6.78	1.32
Other Operating Activities	-17.08	11.4	1.32	22.66	-3.63
Change in Other Net Operating Assets	-7.64	-22.75	10.85	-27.63	-7.12
Operating Cash Flow	223.33	216.92	327.35	162.02	65.77
Operating Cash Flow Growth	2.96%	-33.73%	102.04%	146.36%	-37.84%
Capital Expenditures	-411.72	-10.65	-190.79	-377	-9.4
Other Investing Activities	11.35	-10.53	-0.39	0.39	-0.16
Investing Cash Flow	-400.37	-21.18	-191.18	-376.61	-9.55
Long-Term Debt Issued	176.23	-	3.71	53	-
Long-Term Debt Repaid	-0.24	-33.51	-0.2	-0.2	-16.05
Net Debt Issued (Repaid)	175.99	-33.51	3.52	52.81	-16.05
Issuance of Common Stock	-	-	-	223.79	-
Common Dividends Paid	-162.75	-162.73	-141.6	-61.97	-39.16
Other Financing Activities	163.79	-	-	1.16	-1.16
Financing Cash Flow	177.03	-196.24	-138.08	215.78	-56.36
Foreign Exchange Rate Adjustments	-	-0.02	0.25	-0.03	-0.03
Net Cash Flow	-	-0.52	-1.67	1.16	-0.17
Free Cash Flow	-188.38	206.27	136.55	-214.98	56.37
Free Cash Flow Growth	-	51.05%	-	-	0.69%
Free Cash Flow Margin	-60.87%	65.57%	34.74%	-102.87%	62.66%
Free Cash Flow Per Share	-1.24	1.36	0.91	-1.57	0.47
Cash Interest Paid	15.09	10.02	5.93	3.29	3.16
Cash Income Tax Paid	35.88	63.47	10.47	-	-
Levered Free Cash Flow	-201.4	207.54	92.7	-237.62	57.59
Unlevered Free Cash Flow	-191.97	213.8	96.46	-235.51	59.63
Change in Net Working Capital	-3.47	-6.01	-14.45	16.37	13.19

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