Tourmaline Oil 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	1,325	1,264	1,736	4,487	2,026	618.31
Depreciation & Amortization	1,745	1,582	1,323	1,206	1,095	893.79
Loss (Gain) From Sale of Assets	-	-	-	-	-321.19	-
Asset Writedown & Restructuring Costs	-	-	-	-	-236.81	250
Loss (Gain) From Sale of Investments	-	-	-	-	-29.15	31.89
Loss (Gain) on Equity Investments	-12.27	-14.32	-14.88	-34.36	-8	-
Stock-Based Compensation	68.46	63.86	50.3	28.73	16.45	10.18
Other Operating Activities	260.14	-138.69	1,004	-791.21	383.2	-618.72
Change in Other Net Operating Assets	-33.52	-27.12	307.66	-203.15	-82.01	-60.55
Operating Cash Flow	3,353	2,730	4,406	4,693	2,847	1,125
Operating Cash Flow Growth	8.99%	-38.05%	-6.11%	64.82%	153.05%	-4.24%
Capital Expenditures	-2,952	-2,259	-2,081	-1,951	-1,983	-1,084
Sale of Property, Plant & Equipment	375.68	357.69	7.79	71.49	392.56	0.24
Cash Acquisitions	-169.04	-169.04	-650.99	-67.77	-	-100.82
Investment in Securities	331.47	331.47	-	-	103.82	-
Other Investing Activities	80.64	100.41	121.88	-24.01	106.44	22.18
Investing Cash Flow	-2,333	-1,639	-2,602	-1,971	-1,380	-1,162
Long-Term Debt Issued	-	249.79	371.5	0.31	448.04	35.94
Long-Term Debt Repaid	-	-196.22	-5.74	-257.9	-1,852	-3.4
Net Debt Issued (Repaid)	219.42	53.57	365.76	-257.6	-1,404	32.55
Issuance of Common Stock	48.89	41.19	57.37	189.24	171.52	1.26
Repurchase of Common Stock	-	-	-	-	-6.55	-2.15
Common Dividends Paid	-704.81	-472.31	-359.77	-302.65	-210.46	-135.64
Other Financing Activities	-	-	-	-	9.09	361.29
Financing Cash Flow	-1,020	-1,091	-1,804	-2,722	-1,687	257.3
Net Cash Flow	-	-	-	-	-220.17	220.17
Free Cash Flow	401.05	470.63	2,325	2,742	864.19	41.28
Free Cash Flow Growth	-57.44%	-79.76%	-15.20%	217.28%	1993.69%	-
Free Cash Flow Margin	9.16%	10.81%	48.04%	38.63%	18.13%	1.86%
Free Cash Flow Per Share	1.05	1.31	6.73	8.01	2.73	0.15
Cash Interest Paid	62.5	62.5	37.4	28	32.7	38.1
Cash Income Tax Paid	28.1	526.77	40.55	-	-	-
Levered Free Cash Flow	220.23	195.4	1,640	1,765	452.5	-92.41
Unlevered Free Cash Flow	265.42	246.25	1,664	1,784	465.97	-42.26
Change in Working Capital	-33.52	-27.12	307.66	-203.15	-82.01	-60.55

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