The North West Company Cash Flow Statement

Financials in millions CAD. Fiscal year is February - January.

Millions CAD. Fiscal year is Feb - Jan.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022
Net Income	145.93	143.25	134.29	125.84	157.45
Depreciation & Amortization	120.61	115.62	105.28	98.37	90.95
Stock-Based Compensation	-1.86	-1.82	-3.21	2.45	0.05
Other Adjustments	8.33	17.4	20.04	7.45	-18.67
Changes in Other Operating Activities	6.58	-13.82	-25.98	-51.28	-5.65
Operating Cash Flow	279.6	260.63	230.43	182.84	224.14
Operating Cash Flow Growth	7.28%	13.11%	26.03%	-18.43%	-33.83%
Capital Expenditures	-126.01	-140.21	-114.2	-112.58	-87.34
Sale of Property, Plant & Equipment	1.3	0.35	0.71	0.51	0.09
Purchases of Intangible Assets	-13.13	-6.14	-9.21	-4.53	-6.73
Other Investing Activities	-	15	15	9.8	18.12
Investing Cash Flow	-137.85	-131	-107.7	-106.8	-75.86
Long-Term Debt Issued	21.49	6.55	-8.89	49.44	44.07
Long-Term Debt Repaid	-	-	-	-	-85.39
Net Long-Term Debt Issued (Repaid)	21.49	6.55	-8.89	49.44	-41.32
Issuance of Common Stock	-	0.07	1.97	1.9	0.85
Repurchase of Common Stock	-14.98	-	-5	-7.82	-28.06
Net Common Stock Issued (Repurchased)	-14.98	0.07	-3.04	-5.92	-27.22
Common Dividends Paid	-77.46	-75.53	-73.53	-71.81	-70.42
Other Financing Activities	-44.38	-50.14	-42.81	-40.01	-31.24
Financing Cash Flow	-115.34	-119.05	-128.27	-68.3	-170.2
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-3.42	3.45	0.09	1.65	-0.19
Net Cash Flow	22.99	14.03	-5.45	9.38	-22.11
Free Cash Flow	153.58	120.42	116.23	70.26	136.79
Free Cash Flow Growth	27.55%	3.60%	65.43%	-48.64%	-48.93%
FCF Margin	5.91%	4.67%	4.70%	2.99%	6.08%
Free Cash Flow Per Share	3.16	2.48	2.40	1.44	2.79
Levered Free Cash Flow	162.15	105.43	85.6	106.14	111.44
Unlevered Free Cash Flow	160.2	118.55	113.86	71.63	165.33