SECURE Waste Infrastructure Corp. (TSX:SES)

TSX:SES Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	120	123	582	195	184	-203
Depreciation & Amortization	204	197	181	215	188	180
Other Amortization	2	2	2	2	3	3
Loss (Gain) From Sale of Assets	-	-	-516	5	-29	-
Asset Writedown & Restructuring Costs	-	-	-	-	-	258
Loss (Gain) From Sale of Investments	-	-	-	-	-	11
Stock-Based Compensation	39	30	34	26	19	13
Other Operating Activities	33	26	128	31	38	-86
Change in Other Net Operating Assets	-222	-105	86	-44	8	-102
Operating Cash Flow	176	273	497	430	411	74
Operating Cash Flow Growth	-70.62%	-45.07%	15.58%	4.62%	455.41%	-50.34%
Capital Expenditures	-227	-225	-134	-203	-96	-43
Sale of Property, Plant & Equipment	14	7	1,143	48	56	8
Cash Acquisitions	-	-161	-38	-	-6	10
Other Investing Activities	-6	14	-17	-	-12	-18
Investing Cash Flow	-219	-365	954	-155	-58	-43
Long-Term Debt Issued	-	525	300	70	-	341
Long-Term Debt Repaid	-	-27	-971	-47	-334	-337
Net Debt Issued (Repaid)	447	498	-671	23	-334	4
Repurchase of Common Stock	-256	-306	-670	-163	-6	-
Common Dividends Paid	-89	-89	-104	-117	-38	-7
Other Financing Activities	-18	-13	10	-15	32	-23
Financing Cash Flow	84	90	-1,435	-272	-346	-26
Foreign Exchange Rate Adjustments	-2	-2	-2	-3	-5	-2
Net Cash Flow	39	-4	14	-	2	3
Free Cash Flow	-51	48	363	227	315	31
Free Cash Flow Growth	-	-86.78%	59.91%	-27.94%	916.13%	-60.26%
Free Cash Flow Margin	-3.45%	3.26%	25.55%	2.75%	3.94%	0.82%
Free Cash Flow Per Share	-0.23	0.21	1.40	0.76	1.01	0.13
Cash Interest Paid	57	56	41	87	92	61
Cash Income Tax Paid	44	41	13	-	-	1
Levered Free Cash Flow	-81.75	23	944.63	-390.63	296	73.88
Unlevered Free Cash Flow	-41.25	59.75	972	-340.13	347.38	104
Change in Working Capital	-222	-105	86	-44	8	-102

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