TSX:NOA 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	38.52	44.09	63.14	67.37	51.41	49.21
Depreciation & Amortization	209.48	166.68	131.32	119.27	108.02	88.78
Stock-Based Compensation	3.03	8.71	15.83	4.78	11.61	1.94
Other Adjustments	18.38	62.68	17.17	-8.91	-6.52	10.01
Changes in Other Operating Activities	34.84	-64.54	50.63	-13.31	0.67	-3.39
Operating Cash Flow	306.46	217.61	278.09	169.2	165.18	146.55
Operating Cash Flow Growth	-0.90%	-21.75%	64.35%	2.43%	12.71%	-7.21%
Capital Expenditures	-310.22	-280.14	-202.81	-111.5	-112.56	-117.07
Sale of Property, Plant & Equipment	8.21	13.57	10.42	3.4	17.14	2.78
Purchases of Intangible Assets	-2.27	-4.2	-0.68	-3.77	-1.23	-0.27
Payments for Business Acquisitions	-	-3.86	-51.67	-2.21	-11.4	-
Other Investing Activities	0.92	-0.05	-0.14	16.6	8.78	1.73
Investing Cash Flow	-307.23	-274.68	-244.88	-97.47	-99.27	-112.83
Long-Term Debt Issued	651.36	234.47	340.03	83.4	135.05	145.23
Long-Term Debt Repaid	-534.47	-130.34	-315.6	-58.64	-164.37	-82.26
Net Long-Term Debt Issued (Repaid)	116.89	104.13	24.43	24.76	-29.32	62.97
Issuance of Common Stock	-	-	-	-	0.52	0.54
Repurchase of Common Stock	-33.24	-6.78	-5.99	-36.16	-22.02	-19
Net Common Stock Issued (Repurchased)	-33.24	-6.78	-5.99	-36.16	-21.5	-18.46
Common Dividends Paid	-12.69	-10.64	-10.03	-7.77	-4.42	-4.37
Other Financing Activities	-48.19	-40.73	-16.15	-0.32	-37.52	-35.61
Financing Cash Flow	22.77	45.98	-7.75	-19.49	-92.76	4.52
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1.96	0.35	-5.99	0.3	0	-
Net Cash Flow	24.13	-11.09	25.46	52.24	-26.85	38.24
Free Cash Flow	-3.76	-62.54	75.28	57.7	52.62	29.48
Free Cash Flow Growth	-	-	30.46%	9.66%	78.48%	3111.44%
FCF Margin	-0.29%	-5.36%	7.80%	7.50%	8.04%	5.91%
Free Cash Flow Per Share	-0.12	-1.89	2.28	-	1.55	-
Levered Free Cash Flow	89.51	-29.79	66.71	86.59	18.21	80.49
Unlevered Free Cash Flow	10.93	-65.41	49.9	51.23	42.82	22.94

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