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 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	33.23	33.83	44.01	63.14	67.37	51.41
Depreciation & Amortization	212.53	217.23	185.01	131.32	119.27	108.02
Stock-Based Compensation	5.61	-0.43	8.71	15.83	4.78	11.61
Other Adjustments	4.81	18.14	62.89	17.17	-8.91	-6.52
Change in Receivables	-19.29	-	-	-	-	-
Changes in Inventories	1.9	-	-	-	-	-
Changes in Accounts Payable	-1.25	-	-	-	-	-
Changes in Accrued Expenses	-4.97	-	-	-	-	-
Changes in Unearned Revenue	-10.69	-	-	-	-	-
Changes in Other Operating Activities	-12.95	-4.69	-59.39	50.63	-13.31	0.67
Operating Cash Flow	242.48	264.09	241.22	278.09	169.2	165.18
Operating Cash Flow Growth	-11.40%	9.48%	-13.26%	64.35%	2.43%	12.71%
Capital Expenditures	-236.7	-281.1	-303.76	-202.81	-111.5	-112.56
Sale of Property, Plant & Equipment	12	11.67	13.57	10.42	3.4	17.14
Purchases of Intangible Assets	-4.12	-4.27	-4.2	-0.68	-3.77	-1.23
Payments for Business Acquisitions	-	-	-3.86	-51.67	-2.21	-11.4
Other Investing Activities	11.61	8.86	-0.05	-0.14	16.6	8.78
Investing Cash Flow	-217.22	-264.83	-298.3	-244.88	-97.47	-99.27
Long-Term Debt Issued	804.98	757.42	234.47	340.03	83.4	135.05
Long-Term Debt Repaid	-683.39	-631.02	-130.34	-315.6	-58.64	-164.37
Net Long-Term Debt Issued (Repaid)	121.59	126.4	104.13	24.43	24.76	-29.32
Issuance of Common Stock	-	-	-	-	-	0.52
Repurchase of Common Stock	-50.96	-41.72	-6.78	-5.99	-36.16	-22.02
Net Common Stock Issued (Repurchased)	-50.96	-41.72	-6.78	-5.99	-36.16	-21.5
Common Dividends Paid	-13.64	-13.39	-10.64	-10.03	-7.77	-4.42
Other Financing Activities	-48.96	-49.73	-40.73	-16.15	-0.32	-37.52
Financing Cash Flow	8.03	21.56	45.98	-7.75	-19.49	-92.76
Effect of Exchange Rate Changes on Cash and Cash Equivalents	9.6	1.43	0.35	-5.99	0.3	0
Net Cash Flow	23.53	20.82	-11.09	25.46	52.24	-26.85
Free Cash Flow	5.78	-17.01	-62.54	75.28	57.7	52.62
Free Cash Flow Growth	-	-	-	30.46%	9.66%	78.48%
FCF Margin	0.46%	-1.32%	-5.36%	7.80%	7.50%	8.04%
Free Cash Flow Per Share	0.19	-0.53	-1.89	2.28	1.84	1.55
Levered Free Cash Flow	102.7	91.68	-30	66.71	86.59	18.21
Unlevered Free Cash Flow	7.65	-3.14	-65.66	49.9	51.23	42.82

Updated May 13, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.