Northland Power 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	-58.67	-108.36	371.39	-96.13	955.46	269.88
Depreciation & Amortization	719.25	715.58	673.73	652.62	624.7	636.04
Other Adjustments	824.38	790.83	288.94	695.04	-37.05	410.88
Changes in Other Operating Activities	89.83	28.11	-305.08	-440.83	289.88	292.5
Operating Cash Flow	1,575	1,426	1,029	810.7	1,833	1,609
Operating Cash Flow Growth	37.01%	38.60%	26.92%	-55.77%	13.90%	21.77%
Capital Expenditures	-159.65	-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	58.4	64.85	-71.74	-223.39	55.36	-59.34
Investing Cash Flow	-129.92	-99.36	-448.81	-1,170	-629.68	-1,031
Long-Term Debt Issued	894.42	866.04	1,236	2,215	2,799	889.8
Long-Term Debt Repaid	-1,486	-1,471	-1,346	-1,875	-3,496	-1,572
Net Long-Term Debt Issued (Repaid)	-591.8	-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	-282.42	-286.01	-200.49	-205.07	-196.85	-172.76
Preferred Share Dividends Paid	-6.98	-6.32	-6.16	-6.1	-11.21	-10.81
Other Financing Activities	-445.85	-426.39	-404.46	-423.62	-429.84	-309.74
Financing Cash Flow	-1,327	-1,323	-720.25	-254.24	-604.84	-225.68
Effect of Exchange Rate Changes on Cash and Cash Equivalents	13.99	26.38	13.17	-10.47	27.68	-114.05
Net Cash Flow	131.81	29.97	-126.93	-624.07	626.14	238.7
Free Cash Flow	1,415	1,291	476.75	369.59	1,380	1,140
Free Cash Flow Growth	9.65%	170.71%	28.99%	-73.23%	21.14%	4.06%
FCF Margin	55.05%	52.79%	20.23%	16.47%	56.37%	54.44%
Free Cash Flow Per Share	5.41	4.94	1.85	1.46	5.85	5.21
Levered Free Cash Flow	-83.84	-159.59	-20.89	-64.87	592.7	-33.67
Unlevered Free Cash Flow	909.27	811	352.13	745.42	1,753	1,468

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