TSX:QSP.UN Cash Flow Statement

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

Millions USD. 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	1,074	1,442	1,715	1,479	1,249
Depreciation & Amortization	301	264	191	190	201
Other Amortization	25	25	27	28	27
Loss (Gain) on Equity Investments	-11	-69	-8	44	4
Stock-Based Compensation	151	172	194	136	102
Other Operating Activities	160	-222	-527	-51	5
Change in Accounts Receivable	-89	7	-147	-110	8
Change in Inventory	-67	30	-43	-61	12
Change in Accounts Payable	89	-30	22	169	149
Change in Other Net Operating Assets	-45	-116	-101	-334	-31
Operating Cash Flow	1,633	1,503	1,323	1,490	1,726
Operating Cash Flow Growth	8.65%	13.61%	-11.21%	-13.67%	87.41%
Capital Expenditures	-265	-201	-120	-100	-106
Sale of Property, Plant & Equipment	38	34	37	12	16
Cash Acquisitions	-152	-540	-17	-12	-1,004
Other Investing Activities	61	47	111	36	-9
Investing Cash Flow	-318	-660	11	-64	-1,103
Long-Term Debt Issued	-	2,450	55	2	1,335
Long-Term Debt Repaid	-427	-2,190	-92	-94	-889
Net Debt Issued (Repaid)	-427	260	-37	-92	446
Issuance of Common Stock	33	78	60	51	60
Repurchase of Common Stock	-	-	-500	-326	-551
Common Dividends Paid	-1,108	-1,029	-990	-971	-974
Dividends Paid	-1,108	-1,029	-990	-971	-974
Other Financing Activities	66	66	93	31	-74
Financing Cash Flow	-1,436	-625	-1,374	-1,307	-1,093
Foreign Exchange Rate Adjustments	16	-23	1	-28	-3
Miscellaneous Cash Flow Adjustments	-66	-	-	-	-
Net Cash Flow	-171	195	-39	91	-473
Free Cash Flow	1,368	1,302	1,203	1,390	1,620
Free Cash Flow Growth	5.07%	8.23%	-13.45%	-14.20%	101.49%
Free Cash Flow Margin	14.50%	15.49%	17.13%	21.37%	28.23%
Free Cash Flow Per Share	4.07	3.89	3.53	4.02	4.59
Cash Interest Paid	714	785	761	487	404
Cash Income Tax Paid	450	293	290	275	256
Levered Free Cash Flow	1,383	1,467	1,119	1,250	1,373
Unlevered Free Cash Flow	1,700	1,827	1,481	1,559	1,664
Change in Working Capital	-112	-109	-269	-336	138

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