Keyera Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	180.03	432.34	486.63	424.03	328.29	324.21
Depreciation & Amortization	378.32	374.95	352.39	322.51	258.26	257.64
Other Adjustments	216.25	46.34	123.42	280.95	232.29	184.03
Changes in Other Operating Activities	156.65	-79.08	303.35	-52.01	106.48	-182.03
Operating Cash Flow	931.24	774.54	1,266	975.49	925.33	583.84
Operating Cash Flow Growth	-9.86%	-38.81%	29.76%	5.42%	58.49%	-15.16%
Capital Expenditures	-373.78	-282.52	-252.33	-336.15	-895.93	-505.47
Sale of Property, Plant & Equipment	88.12	-	5.71	-	39.82	18.19
Payments for Business Acquisitions	-212.57	-212.57	-	-366.54	-	-11.17
Other Investing Activities	49.67	29.66	11.31	-117.03	12.19	101.32
Investing Cash Flow	-448.56	-465.43	-235.31	-819.71	-843.92	-397.12
Short-Term Debt Issued	100	100	350	1,330	700	620
Short-Term Debt Repaid	-100	-100	-820	-900	-890	-670
Net Short-Term Debt Issued (Repaid)	-	0	-470	430	-190	-50
Long-Term Debt Issued	2,800	2,800	250	-	400	350
Long-Term Debt Repaid	-317.26	-317.26	-192.65	-30	-60	-
Net Long-Term Debt Issued (Repaid)	2,483	2,483	57.35	-30	340	350
Issuance of Common Stock	-	-	-	-	230.09	-
Net Common Stock Issued (Repurchased)	-	-	-	-	230.09	-
Common Dividends Paid	-490.6	-485.95	-467.47	-485.81	-424.36	-424.36
Other Financing Activities	-85.64	-85.69	-55.53	-48.46	-56.38	-49.49
Financing Cash Flow	1,907	1,911	-935.65	-134.26	-100.65	-173.85
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-2.91	-7.14	3.53	0.38	1.5	0.18
Net Cash Flow	2,386	2,213	98.35	21.89	-17.74	13.04
Free Cash Flow	557.45	492.02	1,013	639.34	29.4	78.37
Free Cash Flow Growth	13.30%	-51.45%	58.52%	2074.76%	-62.49%	-18.26%
FCF Margin	8.72%	7.18%	14.20%	9.06%	0.42%	1.57%
Free Cash Flow Per Share	2.43	2.15	4.42	2.79	0.13	0.35
Levered Free Cash Flow	2,824	2,928	477.4	758.39	-52.89	194.34
Unlevered Free Cash Flow	535.97	624.83	1,064	507.79	-61.25	22.68

Updated May 14, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.