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 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	193.96	183.19	79.47	102.27	-12.08	340.99
Depreciation & Amortization	2.09	2.1	2.05	-	1.86	-
Other Amortization	4.56	4.52	4.35	3.05	-	-
Asset Writedown	-4.59	33.25	66.38	-	165.74	-
Stock-Based Compensation	9.56	6.74	8.11	-	2.74	-
Change in Accounts Receivable	4.69	-1.61	-3.2	2.45	-3.26	-
Change in Accounts Payable	3.86	16.49	3.66	6.82	-15.42	-
Change in Other Net Operating Assets	0.51	-0.68	-3.54	-5.25	15.77	-176.51
Other Operating Activities	5.52	-25.66	7.03	54.44	-3.73	-240.21
Operating Cash Flow	224.28	225.73	168.32	166.69	156.22	-75.73
Operating Cash Flow Growth	22.96%	34.11%	0.98%	6.71%	-	-
Acquisition of Real Estate Assets	-839.04	-1,154	-360.43	-467.84	-69.16	-46.09
Sale of Real Estate Assets	227.59	379.75	50.34	-	5.48	-
Net Sale / Acq. of Real Estate Assets	-611.45	-774.23	-310.09	-467.84	-63.68	-46.09
Investment in Marketable & Equity Securities	-	100	-100	-	-	-
Other Investing Activities	14.8	4.8	40.84	-	-40.84	-
Investing Cash Flow	-596.65	-669.43	-369.25	-467.84	-104.52	-46.09
Long-Term Debt Issued	-	646.77	606.47	727.02	648.88	427.09
Long-Term Debt Repaid	-	-172.83	-363.37	-250.88	-564.59	-314.2
Total Debt Repaid	-39.76	-172.83	-363.37	-250.88	-564.59	-314.2
Net Debt Issued (Repaid)	322.28	473.93	243.1	476.15	84.29	112.89
Issuance of Common Stock	160.37	160.37	36.34	-	-	-
Repurchase of Common Stock	-56.56	-79.23	-21.88	-60.64	-54.13	-
Common Dividends Paid	-95.33	-91.29	-81.3	-79.26	-73.44	-0.27
Other Financing Activities	-1.04	-0.58	-4.89	-1.73	-3.1	-0.16
Net Cash Flow	-42.66	19.51	-29.55	33.37	5.32	-9.37
Cash Interest Paid	128.5	128.46	90.19	51.77	32.53	22.21
Levered Free Cash Flow	249.33	328.69	-140.56	35.6	73.68	-379.12
Unlevered Free Cash Flow	331.86	408.28	-82.92	69.71	94.75	-367.07
Change in Working Capital	13.18	21.61	0.93	6.94	1.68	-176.51

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