Northland Power 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	-108.36	371.39	-96.13	955.46	269.88
Depreciation & Amortization	715.58	673.73	652.62	624.7	636.04
Other Adjustments	790.83	288.94	695.04	-37.05	410.88
Changes in Other Operating Activities	28.11	-305.08	-440.83	289.88	292.5
Operating Cash Flow	1,426	1,029	810.7	1,833	1,609
Operating Cash Flow Growth	38.60%	26.92%	-55.77%	13.90%	21.77%
Capital Expenditures	-135.55	-552.22	-441.11	-452.58	-469.79
Purchases of Intangible Assets	-	-	-1.05	-70.55	-
Payments for Business Acquisitions	-28.67	-82.1	-1,015	-203.48	-501.73
Proceeds from Business Divestments	-	257.25	510.12	41.57	-
Other Investing Activities	64.85	-71.74	-223.39	55.36	-59.34
Investing Cash Flow	-99.36	-448.81	-1,170	-629.68	-1,031
Long-Term Debt Issued	866.04	1,236	2,215	2,799	889.8
Long-Term Debt Repaid	-1,471	-1,346	-1,875	-3,496	-1,572
Net Long-Term Debt Issued (Repaid)	-604.49	-109.14	339.65	-697.04	-681.97
Issuance of Common Stock	-	-	40.91	851.61	949.6
Net Common Stock Issued (Repurchased)	-	-	40.91	851.61	949.6
Repurchase of Preferred Stock	-	-	-	-121.52	-
Net Preferred Stock Issued (Repurchased)	-	-	-	-121.52	-
Common Dividends Paid	-286.01	-200.49	-205.07	-196.85	-172.76
Preferred Share Dividends Paid	-6.32	-6.16	-6.1	-11.21	-10.81
Other Financing Activities	-426.39	-404.46	-423.62	-429.84	-309.74
Financing Cash Flow	-1,323	-720.25	-254.24	-604.84	-225.68
Effect of Exchange Rate Changes on Cash and Cash Equivalents	26.38	13.17	-10.47	27.68	-114.05
Net Cash Flow	29.97	-126.93	-624.07	626.14	238.7
Free Cash Flow	1,291	476.75	369.59	1,380	1,140
Free Cash Flow Growth	170.71%	28.99%	-73.23%	21.14%	4.06%
FCF Margin	52.79%	20.23%	16.47%	56.37%	54.44%
Free Cash Flow Per Share	4.94	1.85	1.46	5.85	5.21
Levered Free Cash Flow	-159.59	-20.89	-64.87	592.7	-33.67
Unlevered Free Cash Flow	964.07	906.51	-48.09	1,250	930.94

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