Pason Systems 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	51.6	119.71	95.83	105.73	31.93
Depreciation & Amortization	58.86	52.18	27.22	20.84	25.69
Stock-Based Compensation	9.91	10.9	11.72	15.23	11.52
Other Adjustments	-48.53	-72.18	-6.7	-39.06	-8.42
Change in Receivables	13.91	-18.28	18.82	-35.37	-22.66
Changes in Inventories	1.41	-2.92	-2.23	-10.92	-
Changes in Accounts Payable	-1.16	-2.5	-20.82	11.74	11.22
Changes in Income Taxes Payable	34.42	26.33	24.72	41.1	16.69
Changes in Other Operating Activities	-2.75	9.95	-13.52	-4.88	-0.91
Operating Cash Flow	117.68	123.19	135.03	104.41	65.06
Operating Cash Flow Growth	-4.47%	-8.77%	29.33%	60.49%	11.06%
Capital Expenditures	-51.78	-66.49	-39.81	-34.01	-10.24
Sale of Property, Plant & Equipment	3.02	2.72	2.76	0.87	1.13
Purchases of Intangible Assets	-5.39	-5.45	-1.1	-0.49	-0.68
Purchases of Investments	-	-4.19	-15.44	-17.92	-17.13
Proceeds from Sale of Investments	4.91	3.56	43.14	-39.5	1.13
Payments for Business Acquisitions	-	-83.11	-	-	-
Other Investing Activities	-0.2	0.09	0.14	-0.31	-0.16
Investing Cash Flow	-52.45	-155.58	-13.07	-92.23	-27.08
Long-Term Debt Repaid	-	-13.26	-	-	-
Net Long-Term Debt Issued (Repaid)	-	-13.26	-	-	-
Issuance of Common Stock	1.2	4.67	2.93	3.02	0.15
Repurchase of Common Stock	-22	-10	-27.94	-13.79	-8.43
Net Common Stock Issued (Repurchased)	-20.8	-5.33	-25.01	-10.77	-8.29
Common Dividends Paid	-40.73	-41.36	-38.54	-29.47	-16.57
Other Financing Activities	-2.28	-3.42	-2.27	-1.83	-2.19
Financing Cash Flow	-63.8	-63.37	-65.82	-42.07	-27.05
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-2.92	1.19	-16.43	3.66	-1.94
Net Cash Flow	-1.49	-94.58	39.72	-26.23	9
Free Cash Flow	65.91	56.7	95.22	70.4	54.82
Free Cash Flow Growth	16.24%	-40.45%	35.25%	28.42%	1.69%
FCF Margin	15.72%	13.69%	25.78%	21.02%	26.53%
Free Cash Flow Per Share	0.84	0.71	1.18	0.85	0.66
Levered Free Cash Flow	92.16	124.79	73.1	131.49	76.3
Unlevered Free Cash Flow	-141.1	-76.45	-85.84	129.6	74.38

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