TransAlta Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-138	229	695	50	-537
Depreciation & Amortization	608	562	648	648	751
Other Amortization	28	19	21	-	-
Loss (Gain) on Sale of Assets	-1	-1	-3	-32	-54
Loss (Gain) on Equity Investments	-1	-	2	-4	-5
Asset Writedown	-13	46	-48	9	648
Change in Accounts Receivable	75	155	715	-869	-28
Change in Inventory	22	34	-2	6	42
Change in Accounts Payable	-78	-273	-550	548	153
Change in Income Taxes	-35	37	-39	-1	-2
Change in Other Net Operating Assets	19	85	-	-	9
Other Operating Activities	160	-97	25	522	24
Operating Cash Flow	646	796	1,464	877	1,001
Operating Cash Flow Growth	-18.84%	-45.63%	66.93%	-12.39%	42.59%
Capital Expenditures	-249	-311	-875	-918	-480
Sale of Property, Plant & Equipment	8	4	29	66	39
Cash Acquisitions	-	-217	-	-10	-120
Sale (Purchase) of Intangibles	-13	-16	-13	-31	-9
Investment in Securities	-152	-5	-13	-10	128
Other Investing Activities	-36	5	-8	98	-68
Investing Cash Flow	-418	-520	-814	-741	-472
Long-Term Debt Issued	991	143	39	981	173
Long-Term Debt Repaid	-1,188	-137	-220	-630	-214
Net Debt Issued (Repaid)	-197	6	-181	351	-41
Issuance of Common Stock	3	12	5	3	8
Repurchase of Common Stock	-24	-143	-87	-52	-4
Common Dividends Paid	-74	-71	-58	-54	-48
Preferred Dividends Paid	-52	-52	-51	-43	-39
Dividends Paid	-126	-123	-109	-97	-87
Other Financing Activities	-18	-43	-1,060	-160	-158
Financing Cash Flow	-362	-291	-1,432	45	-282
Foreign Exchange Rate Adjustments	2	4	-4	6	-3
Net Cash Flow	-132	-11	-786	187	244
Free Cash Flow	397	485	589	-41	521
Free Cash Flow Growth	-18.14%	-17.66%	-	-	141.20%
Free Cash Flow Margin	16.51%	17.05%	17.56%	-1.38%	19.15%
Free Cash Flow Per Share	1.34	1.61	2.13	-0.15	1.92
Cash Interest Paid	282	269	277	229	220
Cash Income Tax Paid	85	104	94	67	57
Levered Free Cash Flow	287.13	321.63	160.63	188.88	586.38
Unlevered Free Cash Flow	504	524.13	336.25	367.63	746.38
Change in Working Capital	3	38	124	-316	174

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.