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	2016 - 2020
Period Ending	Jun '25 Jun 27, 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	2016 - 2020
Net Income	-126	-5	-167	1,975	2,947	588	Upgrade
Depreciation & Amortization	540	549	541	589	584	203	Upgrade
Loss (Gain) From Sale of Assets	-	3	141	-	-	-	Upgrade
Asset Writedown & Restructuring Costs	86	99	131	31	-	-	Upgrade
Loss (Gain) From Sale of Investments	-	-	7	29	-	-	Upgrade
Other Operating Activities	-32	30	-139	-472	90	195	Upgrade
Change in Accounts Receivable	59	5	6	140	5	-78	Upgrade
Change in Inventory	-6	11	132	20	-139	-14	Upgrade
Change in Accounts Payable	18	-35	-131	-99	79	79	Upgrade
Change in Other Net Operating Assets	-6	4	4	-6	-14	-5	Upgrade
Operating Cash Flow	533	661	525	2,207	3,552	968	Upgrade
Operating Cash Flow Growth	-32.53%	25.91%	-76.21%	-37.87%	266.94%	991.76%	Upgrade
Capital Expenditures	-445	-487	-477	-477	-635	-180	Upgrade
Cash Acquisitions	-	-	-100	-	340	-	Upgrade
Divestitures	-	124	-	-	-	-	Upgrade
Other Investing Activities	36	45	47	18	9	14	Upgrade
Investing Cash Flow	-409	-318	-530	-459	-286	-166	Upgrade
Total Debt Issued	100	-	-	-	-	-	Upgrade
Short-Term Debt Repaid	-	-	-	-	-	-280	Upgrade
Long-Term Debt Repaid	-	-315	-15	-14	-676	-	Upgrade
Total Debt Repaid	-316	-315	-15	-14	-676	-280	Upgrade
Net Debt Issued (Repaid)	-216	-315	-15	-14	-676	-280	Upgrade
Issuance of Common Stock	-	1	-	-	7	-	Upgrade
Repurchase of Common Stock	-141	-140	-129	-1,990	-1,319	-	Upgrade
Common Dividends Paid	-103	-101	-100	-99	-75	-41	Upgrade
Other Financing Activities	-22	-27	-24	-23	-101	-32	Upgrade
Financing Cash Flow	-482	-582	-268	-2,126	-2,164	-353	Upgrade
Foreign Exchange Rate Adjustments	-2	-21	10	-28	5	12	Upgrade
Miscellaneous Cash Flow Adjustments	2	1	1	-	-	-	Upgrade
Net Cash Flow	-358	-259	-262	-406	1,107	461	Upgrade
Free Cash Flow	88	174	48	1,730	2,917	788	Upgrade
Free Cash Flow Growth	-70.07%	262.50%	-97.22%	-40.69%	270.18%	-	Upgrade
Free Cash Flow Margin	1.51%	2.82%	0.74%	17.83%	27.73%	18.02%	Upgrade
Free Cash Flow Per Share	1.10	2.15	0.58	18.37	26.76	11.47	Upgrade
Cash Interest Paid	21	27	24	23	37	30	Upgrade
Cash Income Tax Paid	48	-3	24	982	946	-41	Upgrade
Levered Free Cash Flow	68	391.5	133.13	1,391	2,325	699.35	Upgrade
Unlevered Free Cash Flow	82.38	410.25	151.88	1,398	2,352	721.85	Upgrade
Change in Working Capital	65	-15	11	55	-69	-18	Upgrade

Updated Feb 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.