Western Forest Products Inc. (TSX:WEF)

Western Forest Products Cash Flow Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-82.4	-34.5	-70.1	61.8	202.8
Depreciation & Amortization	50.3	54.7	53.7	50.2	50.9
Stock-Based Compensation	1.8	0.4	-1.2	-1.8	12.3
Other Adjustments	30.7	3.5	-12.5	-1	38.7
Change in Receivables	-4.1	-6.8	6.7	-0.5	8.3
Changes in Inventories	34.3	-3.6	8.8	-12.8	-28.8
Changes in Accounts Payable	-21.2	7	-7.1	-6.8	-2.2
Changes in Other Operating Activities	7.6	-0.6	-12.1	-5.5	-0.4
Operating Cash Flow	17	20.1	-33.8	-10.3	281.6
Operating Cash Flow Growth	-15.42%	-	-	-	250.25%
Capital Expenditures	-31	-33.4	-44.4	-46.5	-33.1
Sale of Property, Plant & Equipment	67.6	1	2.2	2.7	52
Payments for Business Acquisitions	-	-	-	-16.1	-
Proceeds from Business Divestments	6.7	35.1	-	-	19.8
Other Investing Activities	0.4	0.3	3.6	-	-
Investing Cash Flow	43.7	3	-38.6	-59.9	38.7
Short-Term Debt Issued	-47.1	1.1	84.9	-	-
Short-Term Debt Repaid	-	-	-	-	-70.4
Net Short-Term Debt Issued (Repaid)	-47.1	1.1	84.9	-	-70.4
Long-Term Debt Issued	-	-	0.1	-	-
Long-Term Debt Repaid	-	-	-	-	-2.2
Net Long-Term Debt Issued (Repaid)	-	-	0.1	-	-2.2
Issuance of Common Stock	-	-	-	-	0.1
Repurchase of Common Stock	-	-	-	-20.3	-96.9
Net Common Stock Issued (Repurchased)	-	-	-	-20.3	-96.8
Common Dividends Paid	-	-	-11.9	-15.3	-14.3
Other Financing Activities	-17.2	-18.6	-14.2	-8.4	-9.5
Financing Cash Flow	-64.3	-17.5	58.9	-44	-193.2
Net Cash Flow	-3.6	5.6	-13.5	-114.2	127.1
Free Cash Flow	-14	-13.3	-78.2	-56.8	248.5
Free Cash Flow Growth	-	-	-	-	302.75%
FCF Margin	-1.42%	-1.25%	-7.69%	-3.93%	17.53%
Free Cash Flow Per Share	-1.33	-1.26	-7.41	-5.24	20.62
Levered Free Cash Flow	-86.9	-5.2	15.4	40.3	115.2
Unlevered Free Cash Flow	-3.73	9.37	-44.78	17.75	127.81

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