Pembina Pipeline 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	1,694	1,864	1,776	2,971	1,242
Depreciation & Amortization	1,012	882	679	699	739
Loss (Gain) From Sale of Assets	-113	-21	-20	-1,101	-
Asset Writedown & Restructuring Costs	-	-	-231	-	474
Loss (Gain) on Equity Investments	335	298	503	312	180
Stock-Based Compensation	5	-7	-5	81	68
Other Operating Activities	147	241	143	-210	47
Change in Other Net Operating Assets	221	-43	-210	177	-100
Operating Cash Flow	3,301	3,214	2,635	2,929	2,650
Operating Cash Flow Growth	2.71%	21.97%	-10.04%	10.53%	17.67%
Capital Expenditures	-812	-981	-621	-626	-683
Sale of Property, Plant & Equipment	139	38	17	31	-
Cash Acquisitions	-	-2,620	-	-	-41
Divestitures	-	-	-	609	-
Investment in Securities	-410	-308	-204	-95	-335
Other Investing Activities	-7	-42	49	-86	9
Investing Cash Flow	-1,090	-3,913	-789	-154	-1,039
Long-Term Debt Issued	1,212	2,733	504	339	1,587
Long-Term Debt Repaid	-1,238	-1,361	-676	-1,085	-1,310
Net Debt Issued (Repaid)	-26	1,372	-172	-746	277
Issuance of Common Stock	6	1,239	1	310	16
Repurchase of Common Stock	-	-	-50	-333	-17
Preferred Dividends Paid	-134	-132	-120	-126	-135
Common Dividends Paid	-1,638	-1,569	-1,459	-1,525	-1,386
Dividends Paid	-1,772	-1,701	-1,579	-1,651	-1,521
Other Financing Activities	-	-232	-	-	-
Financing Cash Flow	-2,243	678	-1,800	-2,720	-1,665
Foreign Exchange Rate Adjustments	-3	11	-2	9	16
Net Cash Flow	-35	-10	44	64	-38
Free Cash Flow	2,489	2,233	2,014	2,303	1,967
Free Cash Flow Growth	11.46%	10.87%	-12.55%	17.08%	67.12%
Free Cash Flow Margin	32.00%	30.24%	31.81%	19.84%	22.80%
Free Cash Flow Per Share	4.28	3.89	3.65	4.16	3.57
Cash Income Tax Paid	346	404	236	334	355
Levered Free Cash Flow	1,861	1,098	1,096	1,327	1,043
Unlevered Free Cash Flow	2,228	1,457	1,380	1,605	1,308
Change in Working Capital	221	-43	-210	177	-100

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.