STEP Energy Services Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-7.82	1.76	50.42	94.78	-28.13	-119.36
Depreciation & Amortization	79.66	94.18	84.68	87.97	73.38	88.94
Stock-Based Compensation	9.13	6.33	1.09	20.82	6.72	3.61
Other Adjustments	23.71	63.45	28.56	-5.39	10.89	57.97
Changes in Income Taxes Payable	-31.76	-23.39	-17.02	-0.32	1.86	8.05
Changes in Other Operating Activities	-1.25	3.73	23.87	-75.27	-5.87	7.6
Operating Cash Flow	100.2	146.06	171.61	122.6	58.85	46.8
Operating Cash Flow Growth	-35.02%	-14.89%	39.97%	108.34%	25.73%	-33.08%
Capital Expenditures	-67.23	-93.26	-105.18	-82.98	-37.24	-17.83
Sale of Property, Plant & Equipment	5.53	8.75	2.3	6.39	1.1	6.69
Purchases of Intangible Assets	-	-1.08	-	-	-	-
Other Investing Activities	0.04	-6.98	-6.11	10.15	5.43	-5.41
Investing Cash Flow	-62.74	-92.57	-108.99	-66.44	-30.71	-16.55
Long-Term Debt Repaid	-9.89	-43.02	-63.72	-57.78	-25.67	-36.5
Net Long-Term Debt Issued (Repaid)	-9.89	-43.02	-63.72	-57.78	-25.67	-36.5
Repurchase of Common Stock	-3.45	-7.96	-0.19	-	-	-
Net Common Stock Issued (Repurchased)	-3.45	-7.96	-0.19	-	-	-
Financing Cash Flow	-36.33	-50.98	-63.9	-57.78	-25.67	-36.5
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0.09	0.07	0.28	0.7	-0.04	0.25
Net Cash Flow	1.03	2.58	-1	-0.91	2.43	-6
Beginning Cash & Cash Equivalents	1.48	1.79	2.79	3.7	1.27	7.27
Ending Cash & Cash Equivalents	2.51	4.36	1.79	2.79	3.7	1.27
Free Cash Flow	32.96	52.8	66.43	39.62	21.6	28.98
Free Cash Flow Growth	-37.57%	-20.52%	67.68%	83.38%	-25.44%	38.78%
FCF Margin	3.62%	5.53%	7.02%	4.01%	4.03%	7.85%
Free Cash Flow Per Share	0.45	0.71	0.88	0.55	0.32	0.43
Levered Free Cash Flow	-38.28	-60	-26.94	-33.6	-21.67	-69.1
Unlevered Free Cash Flow	1.03	-15.13	44.93	30.58	16.38	-23.15

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.