SECURE Waste Infrastructure Corp. (TSX:SES)

TSX:SES Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	104	582	195	184	-203	-85
Depreciation & Amortization	208	181	215	188	180	145
Other Amortization	1	2	2	3	3	1
Loss (Gain) From Sale of Assets	4	-516	5	-29	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	258	50
Loss (Gain) From Sale of Investments	-	-	-	-	11	-
Stock-Based Compensation	36	34	26	19	13	10
Other Operating Activities	13	128	31	38	-86	-16
Change in Other Net Operating Assets	-65	86	-44	8	-102	44
Operating Cash Flow	301	497	430	411	74	149
Operating Cash Flow Growth	-20.58%	15.58%	4.62%	455.41%	-50.34%	-24.21%
Capital Expenditures	-199	-134	-203	-96	-43	-71
Sale of Property, Plant & Equipment	14	1,143	48	56	8	4
Cash Acquisitions	-152	-38	-	-6	10	-
Other Investing Activities	23	-17	-	-12	-18	9
Investing Cash Flow	-314	954	-155	-58	-43	-58
Long-Term Debt Issued	-	300	70	-	341	-
Long-Term Debt Repaid	-	-971	-47	-334	-337	-72
Net Debt Issued (Repaid)	441	-671	23	-334	4	-72
Repurchase of Common Stock	-335	-670	-163	-6	-	-2
Common Dividends Paid	-95	-104	-117	-38	-7	-17
Other Financing Activities	10	10	-15	32	-23	-1
Financing Cash Flow	21	-1,435	-272	-346	-26	-92
Foreign Exchange Rate Adjustments	-3	-2	-3	-5	-2	-1
Net Cash Flow	5	14	-	2	3	-2
Free Cash Flow	102	363	227	315	31	78
Free Cash Flow Growth	-60.00%	59.91%	-27.94%	916.13%	-60.26%	2.98%
Free Cash Flow Margin	1.00%	3.40%	2.75%	3.94%	0.82%	4.28%
Free Cash Flow Per Share	0.44	1.40	0.76	1.01	0.13	0.49
Cash Interest Paid	52	41	87	92	61	19
Cash Income Tax Paid	39	13	-	-	1	-1
Levered Free Cash Flow	123.75	944.63	-390.63	296	73.88	117.49
Unlevered Free Cash Flow	155.88	972	-340.13	347.38	104	131.49
Change in Working Capital	-65	86	-44	8	-102	44

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.