Guardian Capital Group Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	182.71	101.6	657.1	-37.32	190.74	46.07
Depreciation & Amortization	22.2	17.63	15.43	24.3	21.49	18.18
Stock-Based Compensation	4.43	4.06	4.49	4.01	2.97	2.68
Other Adjustments	-162.44	-62.51	-593.41	106.97	-130.41	-3.88
Changes in Income Taxes Payable	-3.36	-3.25	-10.47	-23.61	-	-
Changes in Other Operating Activities	37.7	35.73	8.28	6.88	18.07	8.74
Operating Cash Flow	81.83	93.26	81.42	81.23	102.86	71.79
Operating Cash Flow Growth	11.55%	14.54%	0.24%	-21.03%	43.28%	46.18%
Capital Expenditures	-0.91	-0.44	-0.93	-0.65	-0.73	-0.76
Purchases of Intangible Assets	-6.72	-3.1	-1.22	-16.07	-14.68	-8.88
Proceeds from Sale of Intangible Assets	-0.01	-	2.61	6.91	3.54	2.56
Payments for Business Acquisitions	-17.14	-101.06	-	-10.08	-18.39	-48.78
Proceeds from Business Divestments	-	-	726.58	-52.74	-	-
Other Investing Activities	-54.81	82.75	-602.72	27.12	-57.75	18.35
Investing Cash Flow	-79.59	-21.85	124.33	-45.51	-88.01	-37.5
Net Short-Term Debt Issued (Repaid)	-22.88	-12.21	12.6	19.76	0.81	-19.06
Issuance of Common Stock	4.25	4.49	1.68	1.46	1.18	1.56
Repurchase of Common Stock	17.04	29.93	45.83	29.05	28.48	5.51
Net Common Stock Issued (Repurchased)	21.29	34.42	47.52	30.5	29.66	7.07
Common Dividends Paid	-37.2	-35.56	-31.62	-23.26	-18.53	-16.81
Other Financing Activities	93.65	50.25	-122.11	-23.53	46.9	13.16
Financing Cash Flow	40.59	-22.95	-185.28	-54.62	1.88	-26.66
Effect of Exchange Rate Changes on Cash and Cash Equivalents	3.42	3.15	3.04	0.54	-0.31	0.32
Net Cash Flow	26.44	51.61	23.5	-18.36	16.42	7.94
Free Cash Flow	80.92	92.82	80.49	80.58	102.13	71.03
Free Cash Flow Growth	-12.83%	15.32%	-0.11%	-21.10%	43.77%	47.84%
FCF Margin	21.53%	28.70%	33.37%	40.09%	52.64%	32.92%
Free Cash Flow Per Share	3.35	3.74	3.15	3.30	3.80	2.62
Levered Free Cash Flow	213.98	137.56	587.85	-16.4	223.87	49.46
Unlevered Free Cash Flow	73.29	83.6	64.29	50.65	86.52	73.36

Updated Sep 30, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.