TSX:POW Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	5,276	5,370	3,768	4,329	5,316
Other Adjustments	-3,446	-816	-6,664	30,978	1,677
Changes in Income Taxes Payable	-1,103	-906	-720	-711	-519
Changes in Other Operating Activities	4,053	2,243	9,549	-30,342	4,579
Operating Cash Flow	4,780	5,891	5,933	4,254	11,053
Operating Cash Flow Growth	-18.86%	-0.71%	39.47%	-61.51%	9.43%
Capital Expenditures	-625	-874	-1,296	-804	-1,536
Sale of Property, Plant & Equipment	-	-	-	-	40
Purchases of Investments	-4,320	-3,706	-4,571	-4,365	-51,896
Proceeds from Sale of Investments	4,664	3,478	3,499	4,161	43,269
Payments for Business Acquisitions	-67	-447	-253	-2,242	-520
Proceeds from Business Divestments	-	-211	-	-	-
Other Investing Activities	-	-	-	-	64
Investing Cash Flow	-348	-1,760	-2,621	-3,250	-10,579
Long-Term Debt Issued	1,443	1,593	300	691	-
Long-Term Debt Repaid	-2,469	-1,423	-2,110	-1,725	-2,624
Net Long-Term Debt Issued (Repaid)	-1,026	170	-1,810	-1,034	-2,624
Issuance of Common Stock	104	103	38	47	96
Repurchase of Common Stock	-1,890	-667	-817	-531	-153
Net Common Stock Issued (Repurchased)	-1,786	-564	-779	-484	-57
Issuance of Preferred Stock	950	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-4	-2
Net Preferred Stock Issued (Repurchased)	950	-	-	-4	-2
Common Dividends Paid	-1,541	-1,437	-1,374	-1,331	-1,211
Preferred Share Dividends Paid	-52	-52	-52	-52	-52
Other Financing Activities	-216	623	1,212	1,957	2,984
Financing Cash Flow	-3,671	-1,260	-2,803	-948	-962
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-139	561	-45	283	-43
Net Cash Flow	622	3,432	464	339	-531
Free Cash Flow	4,155	5,017	4,637	3,450	9,517
Free Cash Flow Growth	-17.18%	8.20%	34.41%	-63.75%	3.09%
FCF Margin	8.79%	11.75%	11.82%	12.78%	13.68%
Free Cash Flow Per Share	-	7.69	7.00	-	13.96
Levered Free Cash Flow	3,871	3,376	7,918	-30,696	2,817
Unlevered Free Cash Flow	14,126	10,684	17,510	-31,428	-80,074

Updated Dec 31, 2025. Data Source: Fiscal.ai. insurance template. Financial Sources.