Total 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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	79.62	74.35	60.73	41.59	38	-0.43
Depreciation & Amortization	93.21	92.46	90.33	80.81	78.81	83.07
Stock-Based Compensation	10.57	4.07	2.54	2.19	1.14	0.8
Other Adjustments	9.91	15.25	23.36	38.61	12.38	-3.19
Change in Receivables	-14.2	-16.95	-11.44	16.98	-64.1	-17.64
Changes in Inventories	-32.94	-22.93	-5.91	-6.57	-1.69	5.11
Changes in Accounts Payable	27.43	26.19	13.84	-5.33	40.42	14.34
Changes in Income Taxes Payable	-11.98	-14.15	-14.52	0.12	0.46	-0.06
Changes in Unearned Revenue	46.87	42.43	7.9	-24.57	47.62	9.91
Changes in Other Operating Activities	-3.3	-0.63	-0.91	2.11	-9.64	-2.33
Operating Cash Flow	205.19	200.09	165.92	145.95	143.4	89.58
Operating Cash Flow Growth	10.42%	20.59%	13.69%	1.77%	60.09%	4.01%
Capital Expenditures	-80	-93.71	-91.09	-75.24	-56.74	-28.98
Sale of Property, Plant & Equipment	27.65	24.43	2.32	11.52	6.29	10.51
Payments for Business Acquisitions	-	-	-47.35	-	-	-
Other Investing Activities	-9.6	-2.52	3.25	-3.11	8.18	4.22
Investing Cash Flow	-61.95	-71.8	-132.88	-66.83	-42.26	-14.25
Long-Term Debt Issued	30	30	65	-	-	-
Long-Term Debt Repaid	-95.42	-85.95	-47.05	-26.99	-70.53	-42.55
Net Long-Term Debt Issued (Repaid)	-65.42	-55.95	17.95	-26.99	-70.53	-42.55
Issuance of Common Stock	0.26	0.17	0.06	0.04	0.16	0.04
Repurchase of Common Stock	-25.02	-24.16	-21.47	-13.59	-12.64	-10
Net Common Stock Issued (Repurchased)	-24.76	-23.98	-21.41	-13.55	-12.48	-9.96
Common Dividends Paid	-14.85	-14.65	-13.74	-12.14	-5	-
Other Financing Activities	-11.91	-12.49	-25.36	-12.56	-12.44	-12.44
Financing Cash Flow	-116.94	-107.07	-42.56	-65.24	-100.44	-64.95
Net Cash Flow	26.29	21.22	-9.52	13.87	0.7	10.37
Free Cash Flow	125.19	106.37	74.83	70.7	86.67	60.59
Free Cash Flow Growth	17.69%	42.15%	5.84%	-18.42%	43.03%	-12.46%
FCF Margin	11.10%	9.99%	8.25%	7.92%	11.41%	14.04%
Free Cash Flow Per Share	3.33	2.80	1.89	1.72	2.02	1.36
Levered Free Cash Flow	53.26	47.93	78.4	-14.03	66.73	38.13
Unlevered Free Cash Flow	112.71	100.64	65.74	21.11	140.79	80.89

Updated May 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.