West Fraser Timber Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 26, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-248	-5	-167	1,975	2,947	588
Depreciation & Amortization	538	549	541	589	584	203
Loss (Gain) From Sale of Assets	-	3	141	-	-	-
Asset Writedown & Restructuring Costs	68	99	131	31	-	-
Loss (Gain) From Sale of Investments	-	-	7	29	-	-
Other Operating Activities	-56	30	-139	-472	90	195
Change in Accounts Receivable	50	5	6	140	5	-78
Change in Inventory	8	11	132	20	-139	-14
Change in Accounts Payable	74	-35	-131	-99	79	79
Change in Other Net Operating Assets	7	4	4	-6	-14	-5
Operating Cash Flow	441	661	525	2,207	3,552	968
Operating Cash Flow Growth	-24.49%	25.91%	-76.21%	-37.87%	266.94%	991.76%
Capital Expenditures	-429	-487	-477	-477	-635	-180
Cash Acquisitions	-	-	-100	-	340	-
Divestitures	-	124	-	-	-	-
Other Investing Activities	35	45	47	18	9	14
Investing Cash Flow	-394	-318	-530	-459	-286	-166
Total Debt Issued	100	-	-	-	-	-
Short-Term Debt Repaid	-	-	-	-	-	-280
Long-Term Debt Repaid	-	-315	-15	-14	-676	-
Total Debt Repaid	-316	-315	-15	-14	-676	-280
Net Debt Issued (Repaid)	-216	-315	-15	-14	-676	-280
Issuance of Common Stock	-	1	-	-	7	-
Repurchase of Common Stock	-144	-140	-129	-1,990	-1,319	-
Common Dividends Paid	-102	-101	-100	-99	-75	-41
Other Financing Activities	-26	-27	-24	-23	-101	-32
Financing Cash Flow	-488	-582	-268	-2,126	-2,164	-353
Foreign Exchange Rate Adjustments	-11	-21	10	-28	5	12
Miscellaneous Cash Flow Adjustments	1	1	1	-	-	-
Net Cash Flow	-451	-259	-262	-406	1,107	461
Free Cash Flow	12	174	48	1,730	2,917	788
Free Cash Flow Growth	-87.50%	262.50%	-97.22%	-40.69%	270.18%	-
Free Cash Flow Margin	0.21%	2.82%	0.74%	17.83%	27.73%	18.02%
Free Cash Flow Per Share	0.15	2.15	0.58	18.37	26.76	11.47
Cash Interest Paid	26	27	24	23	37	30
Cash Income Tax Paid	58	-3	24	982	946	-41
Levered Free Cash Flow	-45.38	391.5	133.13	1,391	2,325	699.35
Unlevered Free Cash Flow	-32.88	410.25	151.88	1,398	2,352	721.85
Change in Working Capital	139	-15	11	55	-69	-18

Updated Sep 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.