NorthStar Gaming Holdings Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-18.43	-19.01	-27.39	-20.2
Depreciation & Amortization	0.37	0.35	0.25	0.07
Stock-Based Compensation	0.16	3.79	5.34	0.36
Other Adjustments	3.06	-0.07	1.37	0.13
Change in Receivables	-0.66	0.3	-1.07	-0.24
Changes in Accounts Payable	-2	-0.37	1.44	7.07
Changes in Other Operating Activities	-3.07	4.05	0.58	0.56
Operating Cash Flow	-25.72	-11.19	-19.65	-12.33
Capital Expenditures	-0.01	-0.01	-0.01	-0.01
Purchases of Intangible Assets	-0.1	-0.11	-0.25	-0.48
Other Investing Activities	-	-	0.29	-
Investing Cash Flow	-0.11	-0.12	0.03	-0.49
Short-Term Debt Issued	3.5	9.5	-	-
Short-Term Debt Repaid	-9.8	-	-	-
Net Short-Term Debt Issued (Repaid)	-6.3	9.5	-	-
Long-Term Debt Issued	36.66	-	12.4	5
Net Long-Term Debt Issued (Repaid)	36.66	-	12.4	5
Issuance of Common Stock	-	-	9.95	5.21
Net Common Stock Issued (Repurchased)	-	-	9.95	5.21
Issuance of Preferred Stock	-	-	-	3.78
Net Preferred Stock Issued (Repurchased)	-	-	-	3.78
Other Financing Activities	-4.2	-0.24	-0.17	-0.1
Financing Cash Flow	30.36	9.5	22.35	13.99
Net Cash Flow	4.53	-1.82	2.73	1.17
Free Cash Flow	-25.73	-11.21	-19.66	-12.34
FCF Margin	-78.25%	-37.91%	-104.33%	-214.86%
Free Cash Flow Per Share	-0.12	-0.06	-0.12	-0.12
Levered Free Cash Flow	7.22	-5.49	-12.74	-7.5
Unlevered Free Cash Flow	-17.25	-15.14	-26.3	-12.36

Updated Nov 27, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.