Trican Well Service 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	107.85	109.48	121.01	79.22	17.22	-229.02
Depreciation & Amortization	79.06	77.54	77.2	80.22	87.81	111.38
Loss (Gain) From Sale of Assets	-1.07	-4.12	-1.11	-2.46	-2.55	-1.73
Asset Writedown & Restructuring Costs	-	-	-	-	-	163.4
Stock-Based Compensation	-	0.07	0.59	1.22	2.16	2.14
Provision & Write-off of Bad Debts	-	-	-	-	-	9.08
Other Operating Activities	-0.5	-25.67	38.26	30.07	-2.26	-29.24
Change in Accounts Receivable	-41.07	-29.49	-5.69	-47.65	-51.03	60.15
Change in Inventory	0.9	1.28	3.14	-5.65	2.56	7.98
Change in Accounts Payable	16.04	23.03	15.76	21.13	19.3	-27.91
Change in Other Net Operating Assets	-0.05	2.72	-0.71	-3.89	0.74	4.62
Operating Cash Flow	161.15	154.84	248.46	152.23	74.1	70.77
Operating Cash Flow Growth	4.23%	-37.68%	63.21%	105.45%	4.71%	147.20%
Capital Expenditures	-66.33	-75.07	-79.29	-103.62	-53.88	-12.79
Sale of Property, Plant & Equipment	4.37	11.41	7.47	20.03	10.16	11.8
Cash Acquisitions	-54.66	-	-	-	-	-
Other Investing Activities	-22.5	-12.26	-3.27	-2.2	4.37	14.26
Investing Cash Flow	-139.12	-75.92	-75.09	-85.8	-39.35	13.26
Short-Term Debt Issued	-	-	-	30	-	-
Total Debt Issued	131	-	-	30	-	-
Long-Term Debt Repaid	-	-5.01	-33.53	-3.28	-3.31	-51.21
Net Debt Issued (Repaid)	85.89	-5.01	-33.53	26.72	-3.31	-51.21
Issuance of Common Stock	-	-	-	4.44	2.22	1.09
Repurchase of Common Stock	-61.21	-95.03	-78.46	-68.99	-26.75	-18.56
Common Dividends Paid	-38.49	-35.58	-34.34	-	-	-
Other Financing Activities	-2.72	-5.77	3.6	-	-	-
Financing Cash Flow	-16.53	-141.39	-142.73	-37.83	-27.84	-68.67
Foreign Exchange Rate Adjustments	-	-	-	-	-	0.05
Net Cash Flow	5.5	-62.47	30.64	28.6	6.9	15.41
Free Cash Flow	94.83	79.78	169.17	48.61	20.21	57.98
Free Cash Flow Growth	18.67%	-52.84%	248.00%	140.50%	-65.14%	-
Free Cash Flow Margin	9.04%	8.13%	17.39%	5.61%	3.59%	14.60%
Free Cash Flow Per Share	0.50	0.39	0.76	0.20	0.08	0.22
Cash Interest Paid	2.44	2.29	2.39	2.48	1.43	2.86
Cash Income Tax Paid	34.04	61.72	-	-0.97	-2.74	-0.35
Levered Free Cash Flow	38.31	65.75	150.22	16.59	10.42	130.41
Unlevered Free Cash Flow	39.85	67.31	151.83	18.2	11.66	132.48
Change in Working Capital	-24.19	-2.46	12.51	-36.05	-28.43	44.84

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