STEP Energy Services Ltd. (TSX:STEP)

STEP Energy Services 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	-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
Other Amortization	0.12	0.83	1.07	0.97	2.95	1.45
Loss (Gain) From Sale of Assets	-4.17	-7.14	-1.48	-3.21	-0.97	-3.78
Asset Writedown & Restructuring Costs	28.52	36.66	-	-38.39	-	72.35
Stock-Based Compensation	9.13	6.33	1.09	20.82	6.72	3.61
Other Operating Activities	-10.52	-1.06	1.76	25.15	-2.04	-18.85
Change in Other Net Operating Assets	5.27	14.5	34.07	-65.5	6.94	22.44
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
Sale (Purchase) of Intangibles	-1.08	-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	-	-43.02	-63.72	-57.78	-25.67	-36.5
Net Debt Issued (Repaid)	-32.89	-43.02	-63.72	-57.78	-25.67	-36.5
Repurchase of Common Stock	-3.45	-7.96	-0.19	-	-	-
Financing Cash Flow	-36.33	-50.98	-63.9	-57.78	-25.67	-36.5
Foreign Exchange Rate Adjustments	-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
Free Cash Flow	32.96	52.8	66.43	39.62	21.6	28.98
Free Cash Flow Growth	-17.59%	-20.52%	67.68%	83.38%	-25.44%	38.78%
Free Cash Flow Margin	3.62%	5.53%	7.02%	4.01%	4.03%	7.85%
Free Cash Flow Per Share	0.46	0.71	0.88	0.55	0.32	0.43
Cash Interest Paid	6.52	10.76	10.19	9.77	12.8	14.84
Cash Income Tax Paid	31.76	23.39	17.02	0.32	-1.86	-8.05
Levered Free Cash Flow	28.03	49.83	47.88	35.87	40.81	46.49
Unlevered Free Cash Flow	32.71	56.04	53.77	42.88	47.07	54.03
Change in Working Capital	5.27	14.5	34.07	-65.5	6.94	22.44

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