Tamarack Valley Energy 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	-36.35	162.22	94.2	345.2	390.51
Depreciation & Amortization	530.61	588.02	631.06	377.68	212.34
Stock-Based Compensation	12.25	11.24	5.46	3.88	5.97
Other Adjustments	284.87	89.49	33.77	-9.17	-255.18
Changes in Other Operating Activities	-12.49	-17.75	-132.87	87.79	-55.74
Operating Cash Flow	778.9	833.21	631.63	805.38	297.89
Operating Cash Flow Growth	-6.52%	31.91%	-21.57%	170.36%	137.76%
Capital Expenditures	-400.02	-450.91	-516.46	-458.58	-187.56
Sale of Property, Plant & Equipment	126.67	-1.75	141.48	76.85	46.22
Purchases of Intangible Assets	-	-	-	-	-3.6
Payments for Business Acquisitions	-95.22	-	-17.5	-948.88	-456.26
Other Investing Activities	-35.16	-0.73	14.46	60.05	20.14
Investing Cash Flow	-403.73	-453.38	-378.02	-1,271	-581.06
Short-Term Debt Issued	-293.03	-50.25	66.6	-	265.31
Net Short-Term Debt Issued (Repaid)	-293.03	-50.25	66.6	-	265.31
Long-Term Debt Issued	-	-	-	546.65	-
Long-Term Debt Repaid	216.38	-140.17	-351.6	-132.08	-37.73
Net Long-Term Debt Issued (Repaid)	216.38	-140.17	-351.6	414.57	-37.73
Issuance of Common Stock	0.5	1.26	0.76	138.66	72.85
Repurchase of Common Stock	-203.48	-146.95	-9.58	-35.88	-12.98
Net Common Stock Issued (Repurchased)	-202.98	-145.7	-8.81	102.78	59.87
Repurchase of Preferred Stock	-	-	-	-	-0.12
Net Preferred Stock Issued (Repurchased)	-	-	-	-	-0.12
Common Dividends Paid	-77.02	-81.47	-83.52	-55.27	-
Other Financing Activities	-20.47	42.92	125.94	3.1	-4.17
Financing Cash Flow	-377.11	-374.66	-251.39	465.18	283.17
Net Cash Flow	-1.95	5.17	2.22	0	0
Free Cash Flow	378.88	382.31	115.17	346.8	110.33
Free Cash Flow Growth	-0.90%	231.95%	-66.79%	214.33%	394.42%
FCF Margin	28.12%	27.23%	8.19%	29.39%	18.42%
Free Cash Flow Per Share	0.78	0.70	0.21	0.75	0.31
Levered Free Cash Flow	5.12	91.17	-92.84	812.56	62.01
Unlevered Free Cash Flow	148.59	404.58	270.35	474.91	-107.55

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