Total Energy Services 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	74.35	60.73	41.59	38	-0.43
Depreciation & Amortization	92.46	90.33	80.81	78.81	83.07
Stock-Based Compensation	4.07	2.54	2.19	1.14	0.8
Other Adjustments	15.25	23.36	38.61	12.38	-3.19
Change in Receivables	-16.95	-11.44	16.98	-64.1	-17.64
Changes in Inventories	-22.93	-5.91	-6.57	-1.69	5.11
Changes in Accounts Payable	26.19	13.84	-5.33	40.42	14.34
Changes in Income Taxes Payable	-14.15	-14.52	0.12	0.46	-0.06
Changes in Unearned Revenue	42.43	7.9	-24.57	47.62	9.91
Changes in Other Operating Activities	-0.63	-0.91	2.11	-9.64	-2.33
Operating Cash Flow	200.09	165.92	145.95	143.4	89.58
Operating Cash Flow Growth	20.59%	13.69%	1.77%	60.09%	4.01%
Capital Expenditures	-93.71	-91.09	-75.24	-56.74	-28.98
Sale of Property, Plant & Equipment	24.43	2.32	11.52	6.29	10.51
Payments for Business Acquisitions	-	-47.35	-	-	-
Other Investing Activities	-2.52	3.25	-3.11	8.18	4.22
Investing Cash Flow	-71.8	-132.88	-66.83	-42.26	-14.25
Long-Term Debt Issued	30	65	-	-	-
Long-Term Debt Repaid	-85.95	-47.05	-26.99	-70.53	-42.55
Net Long-Term Debt Issued (Repaid)	-55.95	17.95	-26.99	-70.53	-42.55
Issuance of Common Stock	0.17	0.06	0.04	0.16	0.04
Repurchase of Common Stock	-24.16	-21.47	-13.59	-12.64	-10
Net Common Stock Issued (Repurchased)	-23.98	-21.41	-13.55	-12.48	-9.96
Common Dividends Paid	-14.65	-13.74	-12.14	-5	-
Other Financing Activities	-12.49	-25.36	-12.56	-12.44	-12.44
Financing Cash Flow	-107.07	-42.56	-65.24	-100.44	-64.95
Net Cash Flow	21.22	-9.52	13.87	0.7	10.37
Free Cash Flow	106.37	74.83	70.7	86.67	60.59
Free Cash Flow Growth	42.15%	5.84%	-18.42%	43.03%	-12.46%
FCF Margin	9.99%	8.25%	7.92%	11.41%	14.04%
Free Cash Flow Per Share	2.80	1.89	1.72	2.02	1.36
Levered Free Cash Flow	47.93	78.4	-14.03	66.73	38.13
Unlevered Free Cash Flow	100.64	65.74	21.11	140.79	80.89

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.