Telesat Corporation (TSX:TSAT)
Canada · Delayed Price · Currency is CAD 55.84
-3.64 (-6.12%)
Oct 30, 2026, 4:00 PM EDT
Telesat Cash Flow Statement
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 | -383.84 | -155.35 | -87.72 | 157.12 | -23.76 | 92.53 |
Depreciation & Amortization | 129.69 | 148.65 | 138.37 | 195.76 | 203.73 | 219.76 |
Other Amortization | 0.24 | 0.24 | 0.24 | - | - | - |
Loss (Gain) From Sale of Assets | 0.04 | -4.06 | -2.09 | -0.06 | -0.01 | 0.85 |
Asset Writedown & Restructuring Costs | 449.69 | 365.22 | 267.02 | 79.74 | - | - |
Stock-Based Compensation | 7.28 | 4.14 | 17.56 | 33.02 | 67.43 | 73.72 |
Other Operating Activities | 189.27 | -365.46 | -225.8 | -256.31 | -1.1 | -34.74 |
Change in Accounts Receivable | 96.32 | 96.32 | -13.8 | -24.43 | 2.3 | -55.43 |
Change in Accounts Payable | -3.52 | -3.52 | 18.28 | -4.09 | -7.07 | 14.07 |
Change in Other Net Operating Assets | -110.47 | -19.48 | -49.6 | -10.7 | -1.97 | -17.27 |
Operating Cash Flow | 374.7 | 66.7 | 62.46 | 170.06 | 239.55 | 293.5 |
Operating Cash Flow Growth | 293.52% | 6.79% | -63.27% | -29.01% | -18.38% | -21.04% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Capital Expenditures | -801.55 | -765.12 | -1,110 | -126.24 | -64.51 | -311.67 |
Sale of Property, Plant & Equipment | - | 4.52 | - | - | - | - |
Divestitures | - | 0.24 | 3.61 | - | - | - |
Sale (Purchase) of Intangibles | - | - | -0.05 | -13.27 | -0.07 | -1.16 |
Investment in Securities | -3.44 | -0.86 | - | - | - | - |
Other Investing Activities | 3.02 | - | 15.36 | 351.56 | 76.27 | 42.86 |
Investing Cash Flow | -801.97 | -761.23 | -1,092 | 212.05 | 11.7 | -269.97 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Long-Term Debt Issued | - | 689.79 | - | - | - | 619.9 |
Long-Term Debt Repaid | - | -7.21 | -158.33 | -346.19 | -99.73 | -2.18 |
Lease Payments | -2.68 | -2.71 | -2.42 | -2.17 | -2.5 | -2.18 |
Net Debt Issued (Repaid) | 779.44 | 682.58 | -158.33 | -346.19 | -99.73 | 617.72 |
Issuance of Common Stock | 1.88 | 0.55 | 0.43 | 0.03 | - | 0.02 |
Repurchase of Common Stock | -15.08 | -8.73 | -7.73 | -3.2 | - | - |
Preferred Dividends Paid | - | - | - | - | - | -0.01 |
Dividends Paid | - | - | - | - | - | -0.01 |
Other Financing Activities | -18.31 | -2.04 | -4.57 | -6.39 | -27.46 | -12.49 |
Financing Cash Flow | 747.94 | 672.36 | -170.2 | -355.74 | -127.19 | 605.24 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Foreign Exchange Rate Adjustments | 10.56 | -20.1 | 82.27 | -35.07 | 104.14 | 2.45 |
Net Cash Flow | 331.22 | -42.27 | -1,117 | -8.7 | 228.2 | 631.22 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Free Cash Flow | -426.85 | -698.42 | -1,048 | 43.82 | 175.05 | -18.17 |
Free Cash Flow Growth | - | - | - | -74.97% | - | - |
Free Cash Flow Margin | -125.09% | -167.10% | -183.53% | 6.22% | 23.06% | -2.40% |
Free Cash Flow Per Share | -28.62 | -47.70 | -75.19 | 2.87 | 14.22 | -0.39 |
Levered Free Cash Flow | 541.55 | 155.12 | -1,167 | 255.44 | 305.44 | 54.01 |
Unlevered Free Cash Flow | 671.88 | 291.24 | -1,015 | 423.87 | 442.55 | 169.2 |
Free Cash Flow After Leases | -429.53 | -701.13 | -1,050 | 41.65 | 172.55 | -20.35 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Cash Interest Paid | 205.19 | 205.19 | 231.32 | 271.93 | 184.78 | 158.81 |
Cash Income Tax Paid | - | -8.22 | 60.51 | 66.84 | 98.14 | 94.24 |
Change in Working Capital | -17.67 | 73.31 | -45.12 | -39.21 | -6.74 | -58.63 |