Headwater Exploration Inc. (TSX:HWX)

Headwater Exploration 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	188.03	156.07	162.11	45.83	6.71
Depreciation & Amortization	124.88	120.2	79.41	28.44	-5.17
Asset Writedown & Restructuring Costs	-	-	-	-	0.01
Stock-Based Compensation	12	5.24	4.09	2.73	1.48
Other Operating Activities	3.92	14.76	48.52	40.93	-1.57
Change in Accounts Receivable	-14.15	-3.5	-12.66	-25.13	-1.99
Change in Inventory	-0.41	0.46	-0.58	-0.17	-0.27
Change in Accounts Payable	3.75	10.91	3.56	19.08	1.28
Change in Other Net Operating Assets	-1.3	-0.81	-0.5	-0.04	-0.24
Operating Cash Flow	316.74	303.32	283.93	111.66	0.23
Operating Cash Flow Growth	4.42%	6.83%	154.28%	48446.09%	-97.40%
Capital Expenditures	-222.87	-240.07	-248.92	-140.39	-2.28
Sale of Property, Plant & Equipment	-	3.75	-	-	-
Cash Acquisitions	-	-	-	-	-32.78
Other Investing Activities	-3.99	-7.39	16.87	31.26	0.65
Investing Cash Flow	-226.85	-243.71	-232.06	-109.13	-34.4
Long-Term Debt Issued	1.42	4.8	7.95	35.72	-
Long-Term Debt Repaid	-0.29	-0.66	-0.92	-0.34	-0.11
Net Debt Issued (Repaid)	1.13	4.14	7.03	35.38	-0.11
Issuance of Common Stock	0.55	1.01	1.84	0.02	52.14
Common Dividends Paid	-94.92	-94.16	-	-	-
Other Financing Activities	-	-	-	-	-2.04
Financing Cash Flow	-93.24	-89	8.88	35.4	49.99
Net Cash Flow	-3.36	-29.4	60.74	37.93	15.82
Free Cash Flow	93.87	63.25	35	-28.73	-2.05
Free Cash Flow Growth	48.42%	80.69%	-	-	-
Free Cash Flow Margin	18.35%	14.86%	9.38%	-17.41%	-23.15%
Free Cash Flow Per Share	0.40	0.27	0.15	-0.13	-0.01
Cash Income Tax Paid	59.69	28.99	-	-	-
Levered Free Cash Flow	59.78	10.39	6.11	-39.22	10.01
Unlevered Free Cash Flow	60.4	10.73	6.23	-39.2	10.01
Change in Net Working Capital	4.08	-2.02	-41.32	-17.97	-9.86

Updated Mar 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.