Pason Systems Inc. (TSX:PSI)

Pason Systems Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	121.5	97.54	107.62	33.85
Depreciation & Amortization	49.61	26.43	19.49	23.72
Other Amortization	2.57	0.78	1.35	1.97
Loss (Gain) From Sale of Investments	-50.83	-	-	-
Stock-Based Compensation	10.9	11.72	15.23	11.52
Other Operating Activities	-23.14	-8.42	-40.95	-10.34
Change in Accounts Receivable	-18.28	18.82	-35.37	-22.66
Change in Inventory	-2.92	-2.23	-10.92	-
Change in Accounts Payable	-2.5	-20.82	11.74	11.22
Change in Income Taxes	26.33	24.72	41.1	16.69
Change in Other Net Operating Assets	9.95	-13.52	-4.88	-0.91
Operating Cash Flow	123.19	135.03	104.41	65.06
Operating Cash Flow Growth	-8.77%	29.33%	60.49%	11.06%
Capital Expenditures	-66.49	-39.81	-34.01	-10.24
Sale of Property, Plant & Equipment	2.72	2.76	0.87	1.13
Cash Acquisitions	-72.65	-	-	-
Investment in Securities	-3.35	24.94	-58.29	-17.13
Other Investing Activities	-15.81	-0.96	-0.81	-0.85
Investing Cash Flow	-155.58	-13.07	-92.23	-27.08
Long-Term Debt Repaid	-16.68	-2.27	-1.83	-2.19
Net Debt Issued (Repaid)	-16.68	-2.27	-1.83	-2.19
Issuance of Common Stock	4.67	2.93	3.02	0.15
Repurchase of Common Stock	-10	-27.94	-13.79	-8.43
Common Dividends Paid	-41.36	-38.54	-29.47	-16.57
Financing Cash Flow	-63.37	-65.82	-42.07	-27.05
Foreign Exchange Rate Adjustments	1.19	-16.43	3.66	-1.94
Net Cash Flow	-94.58	39.72	-26.23	9
Free Cash Flow	56.7	95.22	70.4	54.82
Free Cash Flow Growth	-40.45%	35.25%	28.42%	1.69%
Free Cash Flow Margin	13.69%	25.78%	21.02%	26.52%
Free Cash Flow Per Share	0.71	1.18	0.85	0.66
Cash Income Tax Paid	20.53	26.41	32.14	7.01
Levered Free Cash Flow	57.65	84.4	63.7	41.2
Unlevered Free Cash Flow	57.65	84.4	63.7	42.15
Change in Working Capital	12.58	6.98	1.67	4.35

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