TSX:IIP.UN 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	18.5	-155.65	92.24	103.96	369.69
Depreciation & Amortization	0.98	0.78	0.99	1.26	0.91
Stock-Based Compensation	7.04	7.42	6.79	7.57	6.23
Other Adjustments	61.27	251.6	-7.75	-20.27	-291.75
Changes in Other Operating Activities	-4.31	-36.67	-2.65	-1.34	10.94
Operating Cash Flow	83.46	67.48	89.62	91.18	96.02
Operating Cash Flow Growth	23.68%	-24.70%	-1.71%	-5.04%	55.01%
Capital Expenditures	-80.51	-119.4	-108.5	-195.69	-603.12
Sale of Property, Plant & Equipment	113.67	139.57	9.1	-	-
Purchases of Investments	-1.35	-5.83	-12.46	-1.85	-2.6
Proceeds from Sale of Investments	2.55	0.12	-	-	-
Investing Cash Flow	34.35	14.45	-111.86	-197.55	-605.72
Short-Term Debt Issued	45	1.15	40.85	-140.5	140.5
Net Short-Term Debt Issued (Repaid)	45	1.15	40.85	-140.5	140.5
Long-Term Debt Issued	183.87	205.5	100.96	655.1	393.04
Long-Term Debt Repaid	-198.75	-229.28	-84.01	-352.12	-40.45
Net Long-Term Debt Issued (Repaid)	-14.88	-23.78	16.95	302.97	352.59
Issuance of Common Stock	0.19	0.24	0.72	0.41	2.88
Repurchase of Common Stock	-87.79	-15.53	-3.39	-1.4	-3.93
Net Common Stock Issued (Repurchased)	-87.6	-15.3	-2.67	-0.99	-1.05
Common Dividends Paid	-56.19	-36.21	-31.07	-30.2	-28.36
Other Financing Activities	-4.99	-5.83	-3.54	-22.73	-3.56
Financing Cash Flow	-118.66	-79.96	20.52	108.57	460.12
Net Cash Flow	-0.85	1.98	-1.72	2.2	-49.58
Free Cash Flow	2.95	-51.92	-18.88	-104.51	-507.1
FCF Margin	1.19%	-21.08%	-7.96%	-48.30%	-273.89%
Levered Free Cash Flow	-35.23	-333.57	39.88	70.66	271.5
Unlevered Free Cash Flow	48.07	-7.83	28.84	-72.03	-486.83

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.