Telesat Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	2018
Net Income	134.66	157.12	-23.76	92.53	244.82	187.2	Upgrade
Depreciation & Amortization	185.24	195.76	203.73	219.76	234.08	266.24	Upgrade
Share-Based Compensation	29.49	33.02	67.43	73.72	12.5	16.04	Upgrade
Other Operating Activities	-167.37	-216.81	-18.55	-92.51	-119.72	-93.86	Upgrade
Operating Cash Flow	182.02	169.09	228.85	293.5	371.68	375.62	Upgrade
Operating Cash Flow Growth	-26.62%	-26.11%	-22.03%	-21.04%	-1.05%	-19.45%	Upgrade
Capital Expenditures	-71.55	-83.32	-31.81	-279.94	-92.2	-12.01	Upgrade
Other Investing Activities	288.41	295.25	31.88	9.97	-0.03	-27.6	Upgrade
Investing Cash Flow	216.86	211.93	0.07	-269.97	-92.23	-39.61	Upgrade
Share Issuance / Repurchase	-	0.03	0	0.02	0	0	Upgrade
Debt Issued / Paid	-346.31	-346.19	-99.73	610.89	-455.39	-30.66	Upgrade
Other Financing Activities	-8.57	-8.49	-5.13	-5.66	5.14	-9.66	Upgrade
Financing Cash Flow	-354.88	-354.65	-104.87	605.24	-450.24	-40.32	Upgrade
Exchange Rate Effect	2.72	-35.07	104.14	2.45	-38.05	-36.9	Upgrade
Net Cash Flow	46.72	-8.7	228.2	631.22	-208.84	258.79	Upgrade
Free Cash Flow	110.47	85.77	197.04	13.56	279.48	363.6	Upgrade
Free Cash Flow Growth	-47.93%	-56.47%	1353.55%	-95.15%	-23.14%	-5.04%	Upgrade
Free Cash Flow Margin	16.42%	12.18%	25.96%	1.79%	34.06%	39.92%	Upgrade
Free Cash Flow Per Share	8.06	6.39	16.00	0.30	5.64	7.34	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).