Pembina Pipeline 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	1,777	1,864	1,776	2,971	1,242	-316
Depreciation & Amortization	989	882	679	699	739	715
Loss (Gain) From Sale of Assets	-26	-27	-20	-1,101	-	-
Asset Writedown & Restructuring Costs	-	-	-231	-	474	499
Loss (Gain) From Sale of Investments	-	-	-	-	-	1,591
Loss (Gain) on Equity Investments	356	298	503	312	180	177
Stock-Based Compensation	-23	-7	-5	81	68	-17
Other Operating Activities	285	247	143	-210	47	-304
Change in Other Net Operating Assets	-16	-43	-210	177	-100	-93
Operating Cash Flow	3,342	3,214	2,635	2,929	2,650	2,252
Operating Cash Flow Growth	4.70%	21.97%	-10.04%	10.53%	17.67%	-11.06%
Capital Expenditures	-815	-981	-621	-626	-683	-1,075
Sale of Property, Plant & Equipment	10	38	17	31	-	-
Cash Acquisitions	1	-2,620	-	-	-41	-
Divestitures	-	-	-	609	-	-
Investment in Securities	-283	-308	-204	-95	-335	-202
Other Investing Activities	-33	-42	49	-86	9	-215
Investing Cash Flow	-1,120	-3,913	-789	-154	-1,039	-1,483
Long-Term Debt Issued	-	2,733	504	339	1,587	1,567
Long-Term Debt Repaid	-	-1,361	-676	-1,085	-1,310	-934
Net Debt Issued (Repaid)	-200	1,372	-172	-746	277	633
Issuance of Common Stock	7	1,239	1	310	16	88
Repurchase of Common Stock	-	-	-50	-333	-17	-
Preferred Dividends Paid	-136	-132	-120	-126	-135	-150
Common Dividends Paid	-1,627	-1,569	-1,459	-1,525	-1,386	-1,380
Dividends Paid	-1,763	-1,701	-1,579	-1,651	-1,521	-1,530
Other Financing Activities	-	-232	-	-	-	-
Financing Cash Flow	-2,182	678	-1,800	-2,720	-1,665	-809
Foreign Exchange Rate Adjustments	5	11	-2	9	16	-8
Net Cash Flow	45	-10	44	64	-38	-48
Free Cash Flow	2,527	2,233	2,014	2,303	1,967	1,177
Free Cash Flow Growth	11.03%	10.87%	-12.55%	17.08%	67.12%	39.29%
Free Cash Flow Margin	31.55%	30.24%	31.81%	19.84%	22.80%	19.77%
Free Cash Flow Per Share	4.34	3.89	3.65	4.16	3.57	2.14
Cash Income Tax Paid	209	404	236	334	355	295
Levered Free Cash Flow	1,843	1,095	1,051	1,327	1,043	319.88
Unlevered Free Cash Flow	2,212	1,455	1,335	1,605	1,308	570.5
Change in Working Capital	-16	-43	-210	177	-100	-93

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