TSX:ERD Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
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	2020 - 2016
Net Income	-8.18	-8.25	0.52	-5.99	-5.57	Upgrade
Depreciation & Amortization	0.03	0.03	0.04	0.14	0.08	Upgrade
Loss (Gain) From Sale of Assets	-	-	-6.54	-	-	Upgrade
Loss (Gain) From Sale of Investments	-	-1.26	-	-	-	Upgrade
Loss (Gain) on Equity Investments	1.92	3.25	2.28	-	-	Upgrade
Stock-Based Compensation	1.59	1.57	1.57	1.01	1.07	Upgrade
Other Operating Activities	-0.19	-0.64	-0.24	-0.04	-0.16	Upgrade
Change in Accounts Receivable	-0.3	-0.01	-	-	-	Upgrade
Change in Accounts Payable	0.66	0.62	-	-	-	Upgrade
Change in Other Net Operating Assets	-0.15	1.39	0.34	-0.25	-0.67	Upgrade
Operating Cash Flow	-4.63	-3.3	-2.05	-5.14	-5.24	Upgrade
Capital Expenditures	-1.55	-0.38	-1.05	-8.27	-8.83	Upgrade
Other Investing Activities	0.19	0.16	0.02	0.06	0.06	Upgrade
Investing Cash Flow	-1.36	-0.21	-1.03	-8.21	-8.77	Upgrade
Long-Term Debt Repaid	-0.01	-0.02	-0.03	-0.06	-0.04	Upgrade
Total Debt Repaid	-0.01	-0.02	-0.03	-0.06	-0.04	Upgrade
Net Debt Issued (Repaid)	-0.01	-0.02	-0.03	-0.06	-0.04	Upgrade
Issuance of Common Stock	3.37	6.44	0.06	14.2	8.75	Upgrade
Other Financing Activities	-	-	-	-0.4	-0.58	Upgrade
Financing Cash Flow	3.36	6.42	0.03	13.74	8.14	Upgrade
Foreign Exchange Rate Adjustments	-0.01	0.04	-0.02	-0.03	0.14	Upgrade
Net Cash Flow	-2.64	2.95	-3.07	0.36	-5.74	Upgrade
Free Cash Flow	-6.18	-3.67	-3.09	-13.41	-14.07	Upgrade
Free Cash Flow Per Share	-0.10	-0.06	-0.05	-0.26	-0.31	Upgrade
Levered Free Cash Flow	-3.76	-1.09	-2.62	-11.13	-11.91	Upgrade
Unlevered Free Cash Flow	-3.75	-1.09	-2.62	-11.12	-11.9	Upgrade
Change in Working Capital	0.21	2	0.34	-0.25	-0.67	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.