Fiera Capital 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	51.56	35.26	66.27	31.52	76.62
Depreciation & Amortization	47.6	49.1	53.94	57.62	67.62
Stock-Based Compensation	18.54	21.47	12.36	20.64	32.76
Other Adjustments	48.28	62.11	53.82	46.27	31.49
Changes in Other Operating Activities	-32.38	-33.93	-48.42	-42.75	-37.22
Operating Cash Flow	133.59	134	137.97	113.31	171.29
Operating Cash Flow Growth	-0.31%	-2.87%	21.76%	-33.85%	17.82%
Capital Expenditures	-5.68	-3.03	-2.84	-4.92	-16.14
Sale of Property, Plant & Equipment	-	-	0.71	-	54.82
Purchases of Investments	-7.3	-10.33	-10.07	-4.4	-4.72
Proceeds from Sale of Investments	12.64	19.36	10.41	22.6	10.34
Payments for Business Acquisitions	-7.69	-	-	-	-
Other Investing Activities	5.85	3.39	5.08	-19.61	-0.76
Investing Cash Flow	-2.18	9.39	3.29	-6.34	43.55
Long-Term Debt Issued	90.28	2.96	132.06	112.7	-28.87
Long-Term Debt Repaid	-67.25	-	-110	-86.25	-
Net Long-Term Debt Issued (Repaid)	23.03	2.96	22.06	26.45	-28.87
Issuance of Common Stock	-	-	1.66	0.38	2.96
Repurchase of Common Stock	-13.55	-15.91	-2.52	-34	-17.89
Net Common Stock Issued (Repurchased)	-13.55	-15.91	-0.86	-33.62	-14.93
Common Dividends Paid	-57.39	-91.19	-89.47	-87.98	-87.68
Other Financing Activities	-77.97	-71.09	-69.02	-52.99	-47.87
Financing Cash Flow	-125.87	-175.23	-137.3	-148.15	-179.35
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.79	1.58	-0.55	0.79	-1.75
Net Cash Flow	5.54	-31.83	3.96	-41.18	35.49
Free Cash Flow	127.91	130.98	135.12	108.39	155.15
Free Cash Flow Growth	-2.34%	-3.07%	24.67%	-30.14%	16.13%
FCF Margin	19.01%	19.02%	19.68%	15.91%	20.69%
Free Cash Flow Per Share	1.00	1.20	1.03	1.04	1.33
Levered Free Cash Flow	71.62	40.09	83.18	61.75	58.93
Unlevered Free Cash Flow	86.69	90	97.96	81.35	106.23

Updated Dec 31, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.