West Fraser Timber Cash Flow Statement

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

Millions USD. 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	-937	-5	-167	1,975	2,947
Depreciation & Amortization	544	549	541	589	584
Other Adjustments	536	129	164	570	1,036
Change in Receivables	59	5	6	140	5
Changes in Inventories	-1	11	132	20	-139
Changes in Accounts Payable	-61	-35	-131	-99	79
Changes in Other Operating Activities	1	4	4	-6	-14
Operating Cash Flow	96	661	525	2,207	3,552
Operating Cash Flow Growth	-85.48%	25.91%	-76.21%	-37.87%	266.94%
Capital Expenditures	-411	-487	-477	-477	-635
Sale of Property, Plant & Equipment	-	124	-	-	-
Payments for Business Acquisitions	-	-	-100	-	340
Other Investing Activities	31	45	47	18	9
Investing Cash Flow	-380	-318	-530	-459	-286
Long-Term Debt Issued	100	-	-	-	-
Long-Term Debt Repaid	-	-300	-	-	-667
Net Long-Term Debt Issued (Repaid)	100	-300	-	-	-667
Issuance of Common Stock	-	1	-	-	7
Repurchase of Common Stock	-129	-140	-129	-1,990	-1,319
Net Common Stock Issued (Repurchased)	-129	-139	-129	-1,990	-1,312
Common Dividends Paid	-101	-101	-100	-99	-75
Other Financing Activities	-36	-42	-39	-37	-110
Financing Cash Flow	-167	-582	-268	-2,126	-2,164
Effect of Exchange Rate Changes on Cash and Cash Equivalents	11	-21	10	-28	5
Net Cash Flow	-451	-238	-273	-378	1,102
Free Cash Flow	-315	174	48	1,730	2,917
Free Cash Flow Growth	-	262.50%	-97.22%	-40.69%	270.18%
FCF Margin	-5.77%	2.82%	0.74%	17.83%	27.73%
Free Cash Flow Per Share	-3.98	2.14	0.58	18.37	26.76
Levered Free Cash Flow	-766	-263	-98	2,002	2,155
Unlevered Free Cash Flow	-878.82	41.08	-139.75	1,976	2,858

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