Western Energy Services 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	-26	-7.16	-7.21	29	-36.13	Upgrade
Depreciation & Amortization	41.39	41.04	42.16	40.1	42.02	Upgrade
Other Amortization	0.09	0.12	0.08	0.15	0.2	Upgrade
Loss (Gain) From Sale of Assets	2.17	-0.55	-	-	-	Upgrade
Stock-Based Compensation	-0.84	0.81	2.76	1.99	0.28	Upgrade
Other Operating Activities	31.65	7.99	11.14	-31.3	16.68	Upgrade
Change in Other Net Operating Assets	-7.49	4.54	2.42	-11.39	-6.42	Upgrade
Operating Cash Flow	40.97	46.8	51.35	28.54	16.63	Upgrade
Operating Cash Flow Growth	-12.45%	-8.87%	79.93%	71.61%	-40.01%	Upgrade
Capital Expenditures	-21.68	-21.6	-22.62	-34.23	-6.87	Upgrade
Sale of Property, Plant & Equipment	2.77	1.93	1.37	0.42	2.21	Upgrade
Other Investing Activities	-0	-1.88	-4.2	5.23	-1.03	Upgrade
Investing Cash Flow	-18.91	-21.56	-25.45	-28.58	-5.69	Upgrade
Long-Term Debt Repaid	-13.88	-16.76	-18.05	-16.36	-8.11	Upgrade
Net Debt Issued (Repaid)	-13.88	-16.76	-18.05	-16.36	-8.11	Upgrade
Issuance of Common Stock	-	-	-	31.52	0.01	Upgrade
Other Financing Activities	-9.31	-10.63	-10.8	-13.73	-14.69	Upgrade
Financing Cash Flow	-23.19	-27.39	-28.85	1.44	-22.79	Upgrade
Net Cash Flow	-1.13	-2.15	-2.95	1.4	-11.84	Upgrade
Free Cash Flow	19.3	25.19	28.73	-5.69	9.77	Upgrade
Free Cash Flow Growth	-23.40%	-12.31%	-	-	-60.84%	Upgrade
Free Cash Flow Margin	8.87%	11.29%	12.31%	-2.84%	7.42%	Upgrade
Free Cash Flow Per Share	0.57	0.74	0.85	-0.24	12.82	Upgrade
Cash Interest Paid	8.98	10.27	10.8	9.29	14.67	Upgrade
Levered Free Cash Flow	9.95	19.04	16.78	-12.27	4.12	Upgrade
Unlevered Free Cash Flow	15.48	25.29	23.9	-3.38	16.22	Upgrade
Change in Working Capital	-7.49	4.54	2.42	-11.39	-6.42	Upgrade

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