TWC Enterprises 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	55.63	40.6	22.04	18.67	89.65
Depreciation & Amortization	14.09	14.27	14.19	17.86	19.44
Other Adjustments	3.4	9.81	12.8	15.43	-52.12
Change in Receivables	-1.51	-1.12	7.88	-7.94	9.1
Changes in Inventories	4.45	28.62	1.13	-16.04	-1.64
Changes in Accounts Payable	3.37	3.39	-4.47	5.83	4.61
Changes in Income Taxes Payable	-15.82	-10.39	-11.72	-23.5	-7.3
Changes in Unearned Revenue	-5.65	-5.41	-3.87	1.73	6.07
Operating Cash Flow	57.96	79.77	37.98	12.03	67.73
Operating Cash Flow Growth	-27.34%	110.07%	215.72%	-82.24%	105.38%
Capital Expenditures	-19.26	-16.85	-14.72	-13.1	-10.82
Sale of Property, Plant & Equipment	0.89	4.72	1.79	0.48	41.26
Purchases of Investments	-10.89	-4.47	-1.32	-9.33	-21.39
Payments for Business Acquisitions	-43.53	-	-	-	-
Proceeds from Business Divestments	-	-	4.8	-	-
Other Investing Activities	0.11	-0.33	0.09	-0.2	-8.42
Investing Cash Flow	-72.67	-16.93	-9.36	-22.14	0.63
Short-Term Debt Issued	5.66	-30.07	-10.14	34.18	-17.82
Net Short-Term Debt Issued (Repaid)	5.66	-30.07	-10.14	34.18	-17.82
Long-Term Debt Repaid	-1.62	-5.83	-8.34	-63.46	-22.41
Net Long-Term Debt Issued (Repaid)	-1.62	-5.83	-8.34	-63.46	-22.41
Repurchase of Common Stock	-5.55	-2.69	-2.16	-1.06	-8.3
Net Common Stock Issued (Repurchased)	-5.55	-2.69	-2.16	-1.06	-8.3
Common Dividends Paid	-8.25	-6.88	-4.63	-1.41	-1.98
Other Financing Activities	19.55	-19.48	6.91	-9.19	16.61
Financing Cash Flow	9.79	-64.95	-18.36	-40.94	-33.9
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-1.8	3.94	-0.66	3.8	-0.28
Net Cash Flow	-6.72	1.83	9.6	-47.25	34.18
Free Cash Flow	38.7	62.92	23.26	-1.07	56.91
Free Cash Flow Growth	-38.50%	170.53%	-	-	146.23%
FCF Margin	16.65%	25.57%	10.09%	-0.56%	31.90%
Free Cash Flow Per Share	1.59	2.57	0.95	-0.04	2.31
Levered Free Cash Flow	42.74	18.57	-15.89	-37.84	59.78
Unlevered Free Cash Flow	39.36	38.59	1.83	-3.74	40.57

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