TSX:PMZ.UN 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	144.57	79.47	102.27	-12.08	340.99	-574.48
Depreciation & Amortization	0.04	-	-	1.86	-	-
Other Amortization	4.09	4.35	3.05	-	-	-
Asset Writedown	-1.43	-	-	165.74	-	692.04
Stock-Based Compensation	-2.22	-	-	2.74	-	-
Change in Accounts Receivable	0.32	-3.2	2.45	-3.26	-	-
Change in Accounts Payable	16.71	3.66	6.82	-15.42	-	-
Change in Other Net Operating Assets	-7.7	-3.54	-5.25	15.77	-176.51	187.34
Other Operating Activities	41.95	83.57	54.44	-3.73	-240.21	-26.05
Operating Cash Flow	202.33	168.32	166.69	156.22	-75.73	278.85
Operating Cash Flow Growth	33.27%	0.98%	6.71%	-	-	10.11%
Acquisition of Real Estate Assets	-883.21	-341.99	-457.46	-69.16	-46.09	-79.9
Sale of Real Estate Assets	252.03	50.34	-	5.48	-	-
Net Sale / Acq. of Real Estate Assets	-631.18	-291.65	-457.46	-63.68	-46.09	-79.9
Investment in Marketable & Equity Securities	100	-100	-	-	-	-
Other Investing Activities	-19.64	22.4	-10.38	-40.84	-	-
Investing Cash Flow	-550.82	-369.25	-467.84	-104.52	-46.09	-79.9
Long-Term Debt Issued	-	606.47	727.02	648.88	427.09	41.8
Short-Term Debt Repaid	-	-	-	-	-	-172.7
Long-Term Debt Repaid	-	-363.37	-250.88	-564.59	-314.2	-61.32
Total Debt Repaid	-172.78	-363.37	-250.88	-564.59	-314.2	-234.02
Net Debt Issued (Repaid)	325.06	243.1	476.15	84.29	112.89	-192.22
Issuance of Common Stock	36.34	36.34	-	-	-	-
Repurchase of Common Stock	-77.48	-21.88	-60.64	-54.13	-	-
Common Dividends Paid	-87.35	-81.3	-79.26	-73.44	-0.27	-
Other Financing Activities	-2.14	-4.89	-1.73	-3.1	-0.16	0.28
Net Cash Flow	-154.04	-29.55	33.37	5.32	-9.37	7
Cash Interest Paid	119.85	90.19	51.77	32.53	22.21	26.69
Levered Free Cash Flow	-25.54	-72.6	35.6	73.68	-379.12	244.25
Unlevered Free Cash Flow	48.59	-14.97	69.71	94.75	-367.07	258.57
Change in Working Capital	15.33	0.93	6.94	1.68	-176.51	187.34

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