TSX:PEY 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	475.56	418.59	280.57	292.64	390.66	152.25
Depreciation & Amortization	406.39	400.86	387.15	321.36	308.81	267.23
Loss (Gain) From Sale of Assets	-	-	-	-	1.25	-1.51
Stock-Based Compensation	14.62	14.69	14.11	15.16	11.7	5.98
Other Operating Activities	2.99	-1.75	7.61	28.78	104.94	38.01
Change in Other Net Operating Assets	12.14	25.18	-16.7	-13.06	-5.59	-4.07
Operating Cash Flow	911.7	857.56	672.74	644.87	811.78	457.87
Operating Cash Flow Growth	31.15%	27.47%	4.32%	-20.56%	77.29%	125.50%
Capital Expenditures	-523.27	-473.35	-456.87	-411.03	-473.2	-328.95
Sale of Property, Plant & Equipment	1.43	1.43	0.47	-	-	-
Cash Acquisitions	-	-	-	-699.36	-48.28	-36.11
Other Investing Activities	40.75	19.46	24.16	-36.48	4.57	13.63
Investing Cash Flow	-481.09	-452.45	-432.24	-1,147	-516.91	-351.43
Long-Term Debt Issued	-	-	75	644	-	49.54
Total Debt Issued	100	-	75	644	-	49.54
Long-Term Debt Repaid	-	-177.39	-124.46	-101.43	-211.43	-156.35
Total Debt Repaid	-342.89	-177.39	-124.46	-101.43	-211.43	-156.35
Net Debt Issued (Repaid)	-242.89	-177.39	-49.46	542.57	-211.43	-106.82
Issuance of Common Stock	83.29	74.13	45.64	214.06	24.72	11.54
Common Dividends Paid	-266.2	-264.33	-257.91	-226.37	-102.17	-15
Other Financing Activities	-0.52	-0.09	-2.31	-2.99	0.21	0.25
Financing Cash Flow	-426.31	-367.69	-264.04	527.27	-288.68	-110.04
Net Cash Flow	4.3	37.42	-23.54	25.27	6.19	-3.59
Free Cash Flow	388.43	384.21	215.87	233.84	338.58	128.93
Free Cash Flow Growth	52.85%	77.98%	-7.68%	-30.94%	162.61%	-
Free Cash Flow Margin	32.89%	35.86%	25.19%	24.73%	22.97%	15.34%
Free Cash Flow Per Share	1.89	1.89	1.09	1.30	1.93	0.76
Cash Interest Paid	65.13	70.12	79.36	64.57	48.78	58.91
Cash Income Tax Paid	114.21	95.22	65.22	56.28	-	-
Levered Free Cash Flow	254.06	404.27	240.31	-221.85	236.69	142.92
Unlevered Free Cash Flow	295.8	448.82	299.18	-186.03	266.1	179.8
Change in Working Capital	12.14	25.18	-16.7	-13.06	-5.59	-4.07

Source: S&P Global Market Intelligence. Standard template. Financial Sources.