Spartan Delta Corp. (TSX:SDE)

Spartan Delta Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	70.02	34.28	663.11	681.09	334.22
Depreciation & Amortization	148.9	111	151.43	207.68	105.11
Loss (Gain) From Sale of Assets	-0.01	-0.15	-543.21	-2.1	-0.47
Asset Writedown & Restructuring Costs	-	-	-	7.5	-
Stock-Based Compensation	12.97	7.43	29.67	12.33	6.26
Other Operating Activities	2.66	21.55	115.48	-71.89	-147.27
Change in Other Net Operating Assets	-14.11	-0.02	59.2	-39.24	-18.08
Operating Cash Flow	220.41	174.08	475.67	795.37	279.77
Operating Cash Flow Growth	26.62%	-63.40%	-40.20%	184.30%	768.60%
Capital Expenditures	-366.55	-189.82	-304.1	-440.62	-612.95
Sale of Property, Plant & Equipment	0.09	0.13	1,705	1.28	0.45
Cash Acquisitions	-8.23	-48.63	-25.3	-	-327.85
Other Investing Activities	31.35	-2.21	-50.22	-2.96	14.64
Investing Cash Flow	-343.34	-240.53	1,325	-442.3	-925.71
Long-Term Debt Issued	38.95	76.44	49.3	327.22	544.56
Long-Term Debt Repaid	-9.81	-9.48	-159.61	-578.69	-164.86
Net Debt Issued (Repaid)	29.14	66.95	-110.31	-251.47	379.7
Issuance of Common Stock	93.17	-	0.05	21.43	274.68
Common Dividends Paid	-	-0.05	-1,596	-	-
Other Financing Activities	-	0.05	-216.74	-0.1	-9.92
Financing Cash Flow	122.31	66.95	-1,925	-230.14	644.46
Foreign Exchange Rate Adjustments	-	0.01	-0.02	0.23	0.05
Net Cash Flow	-0.62	0.52	-123.99	123.15	-1.44
Free Cash Flow	-146.14	-15.74	171.57	354.75	-333.18
Free Cash Flow Growth	-	-	-51.64%	-	-
Free Cash Flow Margin	-39.50%	-5.72%	28.94%	26.97%	-60.34%
Free Cash Flow Per Share	-0.72	-0.09	0.99	2.02	-2.50
Cash Interest Paid	8.8	8.33	34.6	23.64	12.08
Levered Free Cash Flow	-139.52	-39.16	-62.94	172.89	-254.02
Unlevered Free Cash Flow	-139.52	-39.16	-37.94	190.91	-245.53
Change in Working Capital	-14.11	-0.02	59.2	-39.24	-18.08

Source: S&P Global Market Intelligence. Standard template. Financial Sources.