Parkland Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	336	127	471	346	97	82
Depreciation & Amortization	823	803	806	728	608	599
Other Amortization	22	22	17	15	8	10
Loss (Gain) From Sale of Assets	4	-	-	-	-	2
Loss (Gain) on Equity Investments	-11	-8	-15	-21	-16	-8
Stock-Based Compensation	88	31	26	25	27	25
Other Operating Activities	249	422	351	377	522	277
Change in Accounts Receivable	-39	111	152	-392	-537	299
Change in Inventory	-85	245	-20	-266	-475	147
Change in Accounts Payable	93	-247	69	568	625	-189
Change in Unearned Revenue	14	7	-16	11	4	-4
Change in Income Taxes	71	-5	-29	-48	78	-70
Change in Other Net Operating Assets	118	27	-32	-17	-37	-
Operating Cash Flow	1,646	1,535	1,780	1,326	904	1,170
Operating Cash Flow Growth	10.47%	-13.76%	34.24%	46.68%	-22.73%	30.44%
Capital Expenditures	-612	-575	-482	-503	-396	-353
Sale of Property, Plant & Equipment	47	57	52	8	14	16
Cash Acquisitions	-	-	-	-729	-1,043	-209
Investment in Securities	-	-17	-	-3	-92	-
Other Investing Activities	-10	11	-86	-	4	31
Investing Cash Flow	-575	-524	-516	-1,227	-1,513	-515
Long-Term Debt Issued	-	707	2	973	3,183	480
Long-Term Debt Repaid	-	-1,059	-983	-217	-1,924	-574
Net Debt Issued (Repaid)	-469	-352	-981	756	1,259	-94
Issuance of Common Stock	5	5	22	11	22.67	-
Repurchase of Common Stock	-	-123	-26	-40	-	-
Common Dividends Paid	-248	-243	-237	-121	-132	-136
Other Financing Activities	-342	-329	-351	-330	-494.67	-373
Financing Cash Flow	-1,054	-1,042	-1,573	276	655	-603
Foreign Exchange Rate Adjustments	3	29	-20	15	-16	-13
Net Cash Flow	43	-2	-329	390	30	39
Free Cash Flow	1,034	960	1,298	823	508	817
Free Cash Flow Growth	-0.67%	-26.04%	57.72%	62.01%	-37.82%	100.25%
Free Cash Flow Margin	3.72%	3.39%	4.00%	2.32%	2.37%	5.83%
Free Cash Flow Per Share	5.87	5.43	7.25	5.11	3.33	5.41
Cash Interest Paid	342	329	351	293	227	236
Cash Income Tax Paid	25	60	104	138	-35	102
Levered Free Cash Flow	1,442	347.25	768	597.13	120.13	571.75
Unlevered Free Cash Flow	1,655	562.88	988	781.5	259.5	717.38
Change in Working Capital	172	138	124	-144	-342	183

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.