Tidewater Renewables 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	8.2	3.5	-357.9	-41.02	25.94	4.14
Depreciation & Amortization	17.7	17.6	31.6	25.67	19.56	10.12
Other Amortization	7.5	7.5	9.1	7.82	3.41	1.09
Loss (Gain) From Sale of Assets	1	1	489	-	-	-
Asset Writedown & Restructuring Costs	-	-	0.4	-	-	-
Loss (Gain) From Sale of Investments	-	-	2.5	-	-	-
Loss (Gain) on Equity Investments	-1.6	-3.6	-4.5	-0.68	-0.22	-
Stock-Based Compensation	0.9	0.5	-1.1	4.02	2.1	0.53
Other Operating Activities	3.7	-12.7	-106.3	34.81	7.95	5.24
Change in Accounts Receivable	3.7	3.7	-9.6	-3.11	3.12	-10.46
Change in Inventory	-9.1	-9.1	2.6	-42.44	-1.09	-
Change in Accounts Payable	11.1	11.1	-6.1	45.61	6.62	2.32
Change in Unearned Revenue	11.2	11.2	-	-	-	-
Change in Other Net Operating Assets	-21.8	3	4.9	-7.9	0.07	-0.71
Operating Cash Flow	32.5	33.7	54.6	22.78	67.44	12.28
Operating Cash Flow Growth	95.29%	-38.28%	139.64%	-66.22%	449.20%	-
Capital Expenditures	-11.8	-13.1	-24	-202.81	-244.58	-46.46
Sale of Property, Plant & Equipment	-	7.8	140.3	-	-	-
Cash Acquisitions	-	-	-	-	-	-273.26
Investment in Securities	-	-	-2.1	-	-30.1	-
Other Investing Activities	-0.1	-7.7	14.9	66.77	80.18	-
Investing Cash Flow	-11.9	-13	129.1	-136.04	-194.5	-319.72
Long-Term Debt Issued	-	1.4	-	124.14	155.11	-
Total Debt Issued	0.9	1.4	-	124.14	155.11	90
Long-Term Debt Repaid	-	-7	-157.9	-6.71	-5.98	-
Total Debt Repaid	-6.9	-7	-157.9	-6.71	-5.98	-3.22
Net Debt Issued (Repaid)	-6	-5.6	-157.9	117.43	149.13	86.78
Issuance of Common Stock	-	-	-	-	-	241.54
Other Financing Activities	-14.7	-15.1	-25.9	-15.45	-11.72	-19.35
Financing Cash Flow	-20.7	-20.7	-183.8	101.98	137.41	308.97
Net Cash Flow	-0.1	-	-0.1	-11.27	10.36	1.53
Free Cash Flow	20.7	20.6	30.6	-180.02	-177.13	-34.18
Free Cash Flow Growth	-	-32.68%	-	-	-	-
Free Cash Flow Margin	7.29%	8.31%	7.17%	-184.30%	-232.77%	-98.84%
Free Cash Flow Per Share	0.56	0.56	0.87	-5.18	-5.08	-1.72
Cash Interest Paid	15	15	27.8	15.45	11.71	2.75
Levered Free Cash Flow	1.31	11.2	-26.5	-209.72	-155.21	-35.99
Unlevered Free Cash Flow	8.12	17.76	-12.53	-203.94	-154.21	-35.8
Change in Working Capital	-4.9	19.9	-8.2	-7.83	8.71	-8.84

Source: S&P Global Market Intelligence. Standard template. Financial Sources.