SolarBank Cash Flow Statement

Financials in millions CAD. Fiscal year is July - June.

Millions CAD. Fiscal year is Jul - Jun.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Net Income	-3.47	2.24	-0.19	-0.13
Depreciation & Amortization	0.41	0.05	0.03	0.01
Loss (Gain) From Sale of Assets	-	0	-	-
Asset Writedown & Restructuring Costs	4.1	-	-	-
Loss (Gain) From Sale of Investments	1.26	-	-	-
Stock-Based Compensation	0.86	2.95	-	-
Provision & Write-off of Bad Debts	-2.92	-0.21	-	0.21
Other Operating Activities	1.09	1.44	0.18	-0.05
Change in Accounts Receivable	9.59	-9.86	4.07	-3.03
Change in Inventory	-5.65	-0.26	0.46	-0.12
Change in Accounts Payable	-0.23	2.41	-0.54	0.49
Change in Unearned Revenue	3.43	1.15	-	-
Change in Income Taxes	-	-	-0.02	-
Change in Other Net Operating Assets	0.01	2.48	-3.69	-0.08
Operating Cash Flow	8.48	2.39	0.17	-2.68
Operating Cash Flow Growth	254.88%	1296.47%	-	-
Capital Expenditures	-7.73	-1.12	-0.01	-0
Cash Acquisitions	-0.09	-	-	-
Investment in Securities	3.17	-7.27	-	-
Other Investing Activities	-	0	-	-
Investing Cash Flow	-4.66	-8.39	-0.01	-0
Short-Term Debt Issued	1.25	1.25	-	3.5
Long-Term Debt Issued	-	-	0.3	1.02
Total Debt Issued	1.25	1.25	0.3	4.52
Short-Term Debt Repaid	-	-0.91	-0.98	-2.15
Long-Term Debt Repaid	-0.63	-0.14	-	-0.04
Total Debt Repaid	-0.63	-1.05	-0.98	-2.19
Net Debt Issued (Repaid)	0.62	0.2	-0.68	2.32
Issuance of Common Stock	0.1	6.04	-	-
Other Financing Activities	-	-0.43	-	-
Financing Cash Flow	0.73	5.81	-0.68	2.32
Foreign Exchange Rate Adjustments	-0.03	0.01	0.05	0.06
Net Cash Flow	4.52	-0.18	-0.47	-0.3
Free Cash Flow	0.75	1.27	0.16	-2.69
Free Cash Flow Growth	-40.60%	691.58%	-	-
Free Cash Flow Margin	1.29%	6.89%	1.57%	-36.59%
Free Cash Flow Per Share	0.03	0.03	0.01	-0.17
Cash Interest Paid	-	-	0.06	-
Cash Income Tax Paid	1.81	-	0.02	-
Levered Free Cash Flow	1.43	-2.26	-0.06	-
Unlevered Free Cash Flow	1.69	-2.18	0.03	-
Change in Net Working Capital	-7.9	2.45	-0.24	-

Updated Feb 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.