← CENOVUS ENERGY INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Net Earnings (Loss) ($545.0m) $3.4b ($2.7b) $2.2b ($2.4b) $587.0m $6.5b $4.1b $3.1b $3.9b
Net Income — — — — — — $6.5b $4.1b $3.1b $3.9b
Net Income From Continuing Operations — — — — — — $6.5b $4.1b $3.1b $3.9b
Adjustments For Depreciation And Amortisation Expense And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss $1.5b $2.0b $2.1b $2.2b $3.5b $5.9b $4.7b $4.6b $4.9b $5.2b
Depreciation — — — — — $4.3b $4.4b $4.6b — —
Depreciation Amortization Depletion — — — — — — $4.7b $4.6b $4.9b $5.2b
Depreciation, Depletion and Amortization $1.5b $2.0b $2.1b $2.2b $3.5b $5.9b $4.7b $4.6b $4.9b $5.2b
Deferred Income Tax — — — — — — $642.0m ($250.0m) ($474.0m) ($231.0m)
Deferred Income Tax Expense (Recovery) ($209.0m) $583.0m ($794.0m) ($814.0m) ($838.0m) $452.0m $642.0m ($250.0m) ($474.0m) ($231.0m)
Deferred Tax — — — — — — $642.0m ($250.0m) ($474.0m) ($231.0m)
Asset Impairment Charge — — — — — $1.5b $315.0m $20.0m — —
(Gain) Loss on Divestiture of Assets $6.0m $1.0m $795.0m ($2.0m) ($81.0m) ($229.0m) ($269.0m) ($14.0m) ($119.0m) ($87.0m)
Adjustments For Income Tax Expense — — — — — ($87.0m) ($1.0b) $1.1b ($322.0m) $298.0m
Earnings (Loss)es From Equity Investments — — — — — — ($15.0m) ($51.0m) ($66.0m) ($53.0m)
Additional Financial Items
(Income) Loss From Equity-Accounted Affiliates — — — $0 $0 ($57.0m) ($15.0m) ($51.0m) ($66.0m) ($53.0m)
Acquisition of Ownership Interest in MEG Energy Corp. — — — — — — — — $0 ($752.0m)
Acquisitions, Net of Cash Acquired — ($14.6b) — $0 $0 $735.0m ($397.0m) ($515.0m) ($22.0m) ($3.7b)
Adjustments For Decrease Increase In Trade Account Receivable — — — — — $953.0m ($838.0m) ($314.0m) ($547.0m) $575.0m
Adjustments For Finance Costs $130.0m $128.0m $63.0m $58.0m $57.0m $199.0m $176.0m $220.0m $225.0m $243.0m
Adjustments For Unrealised Foreign Exchange Losses Gains ($189.0m) ($857.0m) $649.0m ($827.0m) ($131.0m) ($312.0m) $365.0m ($210.0m) $550.0m ($424.0m)
Beginning Cash Position — — — — — — $2.9b $4.5b $2.2b $3.1b
Capital Investment — — — ($1.2b) ($859.0m) ($2.6b) ($3.7b) ($4.3b) ($5.0b) ($4.9b)
Cash Flow From Continuing Financing Activities — — — — — — ($7.7b) ($4.3b) ($3.5b) ($749.0m)
Cash Flow From Continuing Investing Activities — — — — — — ($2.3b) ($5.3b) ($5.1b) ($7.7b)
Cash From (Used in) Financing Activities ($168.0m) $6.5b ($1.4b) ($2.4b) $837.0m ($2.5b) ($7.7b) ($4.3b) ($3.5b) ($749.0m)
Cash From (Used in) Investing Activities ($1.1b) ($12.9b) ($613.0m) ($1.4b) ($863.0m) ($942.0m) ($2.3b) ($5.3b) ($5.1b) ($7.7b)
Change In Account Payable — — — — — — — — $299.0m ($318.0m)
Change In Income Tax Payable — — — — — — — — $322.0m ($298.0m)
Change In Inventory — — — — — — — — ($117.0m) $716.0m
Change In Other Working Capital — — — — — ($1.2b) — — $55.0m $236.0m
Change In Payable — — — — — — — — $621.0m ($616.0m)
Change In Payables And Accrued Expense — — — — — — — — $621.0m ($616.0m)
Change In Receivables — — — — — — — — $746.0m ($699.0m)
Change In Tax Payable — — — — — — — — $322.0m ($298.0m)
Change In Working Capital — — — — — — $575.0m ($1.2b) $1.3b ($363.0m)
Changes In Account Receivables — — — — — — — — $547.0m ($575.0m)
Changes In Cash — — — — — — $1.4b ($2.2b) $604.0m ($198.0m)
Common Shares Issued Under Stock Option Plans — $2.9b — — $0 $6.0m $138.0m $46.0m $52.0m $16.0m
Distributions Received From Equity-Accounted Affiliates — — — $0 $0 $137.0m $65.0m $149.0m $172.0m $135.0m
End Cash Position — — — — — — $4.5b $2.2b $3.1b $2.7b
Financing Cash Flow — — — — — — ($7.7b) ($4.3b) ($3.5b) ($749.0m)
Free Cash Flow — — — — — — $7.6b $3.1b $4.2b $3.3b
Gain Loss On Investment Securities — — — — — — ($126.0m) $52.0m $12.0m ($15.0m)
General And Administrative Expense — — $391.0m $336.0m $292.0m $849.0m $865.0m $688.0m $794.0m $812.0m
Goodwill $242.0m $2.3b $2.3b $2.3b $2.3b $3.5b $2.9b $2.9b $2.9b $2.9b
Increase Decrease In Working Capital $471.0m ($252.0m) ($552.0m) $355.0m ($198.0m) ($868.0m) $1.1b ($1.6b) $1.2b ($599.0m)
Interest Received Classified As Operating Activities $32.0m $31.0m $19.0m $12.0m $5.0m $24.0m $78.0m $130.0m $163.0m $141.0m
Investing Cash Flow — — — — — — ($2.3b) ($5.3b) ($5.1b) ($7.7b)
Net Business Purchase And Sale — — — — — — $1.1b ($503.0m) $24.0m ($2.5b)
Net Change in Investments and Other ($1.0m) — $9.0m ($133.0m) ($4.0m) $17.0m ($211.0m) ($125.0m) ($80.0m) ($7.0m)
Net Change in Non-Cash Working Capital ($52.0m) $159.0m ($295.0m) ($117.0m) ($38.0m) $359.0m $538.0m ($369.0m) ($55.0m) ($236.0m)
Net Foreign Currency Exchange Gain Loss — — — — — — $511.0m ($112.0m) $550.0m ($401.0m)
Net Issuance (Repayment) of Short-Term Borrowings — — — $0 $117.0m ($77.0m) $34.0m $58.0m $5.0m $152.0m
Net PPE Purchase And Sale — — — — — $0 ($50.0m) $0 — —
Net Preferred Stock Issuance — — — — — — — $0 ($250.0m) ($350.0m)
Net Proceeds (Repayment) on Repurchase Agreements — — — — — — — — $0 $413.0m
Operating Gains Losses — — — — — — $101.0m ($91.0m) $377.0m ($556.0m)
Other ($2.0m) ($2.0m) ($1.0m) $1.0m ($1.0m) $8.0m ($117.0m) ($37.0m) $0 ($5.0m)
Other Non Cash Items — — — — — — ($1.1b) $32.0m ($13.0m) ($42.0m)
Payments Of Lease Liabilities Classified As Financing Activities — — — $150.0m $197.0m $300.0m $302.0m $288.0m $299.0m $350.0m
Payments To Acquire Or Redeem Entitys Shares — — — — — $265.0m $2.5b $1.1b $1.4b $2.0b
Preferred Stock Payments — — — — — — — $0 ($250.0m) ($350.0m)
Principal Repayment of Leases — — — ($150.0m) ($197.0m) ($300.0m) ($302.0m) ($288.0m) ($299.0m) ($350.0m)
Proceeds From Exercise of Warrants — — — — $0 $2.0m $62.0m $18.0m $26.0m $16.0m
Proceeds From Issuing Shares — $2.9b — — — — $138.0m $46.0m $52.0m $16.0m
Proceeds From Stock Option Exercised — — — — — — $200.0m ($647.0m) $78.0m $32.0m
Purchase Of Business — — — — — — ($397.0m) ($515.0m) ($22.0m) ($4.4b)
Purchase Of PPE — $1.5b $1.3b $1.1b $811.0m $0 ($50.0m) $0 — —
Purchase of Common Shares Under Employee Benefit Plan — — — — — — — $0 ($43.0m) ($155.0m)
Purchase of Common Shares Under NCIB — — — $0 $0 ($265.0m) ($2.5b) ($1.1b) ($1.4b) ($2.0b)
Re-measurement of Contingent Payments — ($138.0m) $50.0m $164.0m ($80.0m) $400.0m ($469.0m) $59.0m $30.0m $0
Realized Foreign Exchange (Gain) Loss on Non-Operating Items $1.0m ($18.0m) $206.0m $401.0m ($33.0m) $171.0m $146.0m $98.0m $0 $23.0m
Redemption of Preferred Shares — — — — — — — $0 ($250.0m) ($350.0m)
Repurchase Of Capital Stock — — — — — — ($2.5b) ($1.1b) ($1.7b) ($2.5b)
Sale Of Business — — — — — — $1.5b $12.0m $46.0m $1.9b
Settlement of Decommissioning Liabilities — — — ($52.0m) ($42.0m) ($102.0m) ($150.0m) ($222.0m) ($234.0m) ($280.0m)
Stock Based Compensation — — — — — — — ($12.0m) ($145.0m) $163.0m
Stock-Based Compensation, Net of Payments — — — — — — — ($12.0m) ($145.0m) $163.0m
Unrealized (Gain) Loss on Risk Management $554.0m $729.0m ($1.2b) $149.0m $56.0m $2.0m ($126.0m) $52.0m $12.0m ($15.0m)
Unrealized Foreign Exchange (Gain) Loss ($189.0m) ($857.0m) $649.0m ($827.0m) ($131.0m) ($312.0m) $365.0m ($210.0m) $550.0m ($424.0m)
Unwinding of Discount on Decommissioning Liabilities $130.0m $128.0m $63.0m $58.0m $57.0m $199.0m $176.0m $220.0m $225.0m $243.0m
Profit or Loss ($545.0m) $3.4b ($2.7b) $2.2b ($2.4b) $587.0m $6.5b $4.1b $3.1b $3.9b
Capital Expenditure — — — — — — ($3.8b) ($4.3b) ($5.0b) ($4.9b)
Capital Expenditure Reported — — — — — — ($3.7b) ($4.3b) ($5.0b) ($4.9b)
Net Investment Purchase And Sale — — — — — — ($211.0m) ($125.0m) ($80.0m) ($7.0m)
Proceeds From Divestitures $8.0m $3.2b $1.1b $1.0m $38.0m $435.0m $1.5b $12.0m $46.0m $1.9b
Net Other Investing Changes — — — — — — $538.0m ($369.0m) ($55.0m) ($236.0m)
Cash flows from financing activities:
Issuance Of Debt — — — — — $1.6b $0 — $0 $5.3b
Issuance of Long-Term Debt — $3.8b — $0 $1.3b $1.6b $0 — $0 $5.3b
Long Term Debt Issuance — — — — — $1.6b $0 — $0 $5.3b
Net Issuance Payments Of Debt — — — — — — ($4.4b) ($1.6b) ($294.0m) $2.7b
Net Long Term Debt Issuance — — — — — — ($4.5b) ($1.6b) ($299.0m) $2.6b
Net Short Term Debt Issuance — — — — — — $34.0m $58.0m $5.0m $152.0m
Long Term Debt Payments — — — — — — ($4.5b) ($1.6b) ($299.0m) ($2.7b)
Repayment Of Debt — — — — — — ($4.5b) ($1.6b) ($299.0m) ($2.7b)
Repayment of Long-Term Debt — — ($1.1b) ($2.3b) ($112.0m) ($2.9b) ($4.1b) ($1.3b) $0 ($2.3b)
Net Common Stock Issuance — — — — — — ($2.5b) ($1.1b) ($1.5b) ($2.1b)
Common Stock Payments — — — — — — ($2.5b) ($1.1b) ($1.5b) ($2.1b)
Cash Dividends Paid — — — — — — ($927.0m) ($1.0b) ($1.6b) ($1.4b)
Common Stock Dividend Paid — — — — — ($176.0m) ($901.0m) ($990.0m) ($1.5b) —
Dividend Received CFO — — — — — — $65.0m $149.0m $172.0m $135.0m
Dividends Paid Classified As Financing Activities $166.0m $225.0m $245.0m $260.0m $77.0m — — — $1.6b $1.4b
Dividends Paid Ordinary Shares Per Share $0.20 $0.20 $0.20 $0.21 — — — — $0.68 $0.78
Dividends paid $166.0m $225.0m $245.0m $260.0m $77.0m ($210.0m) ($708.0m) ($1.0b) $1.3b $1.4b
Preferred Stock Dividend Paid — — — — — ($34.0m) ($26.0m) ($36.0m) ($45.0m) —
Net Other Financing Charges — — — — — $8.0m ($2.0m) ($3.0m) — $413.0m
Net Cash Provided (Used) Before Financing Activities ($218.0m) ($9.8b) $1.5b $1.9b ($590.0m) $5.0b $9.1b $2.1b $4.1b $551.0m
Effect Of Exchange Rate Changes — — — — — — $238.0m ($77.0m) $262.0m ($155.0m)
Increase (Decrease) in Cash and Cash Equivalents ($385.0m) ($3.1b) $171.0m ($595.0m) $192.0m $2.5b $1.7b ($2.3b) $866.0m ($353.0m)
Cash and Cash Equivalents, Beginning of Year $3.7b $610.0m $781.0m $186.0m $378.0m $2.9b $4.5b $2.2b $3.1b $2.7b
Effect of Foreign Exchange on Cash and Cash Equivalents $1.0m $182.0m $40.0m ($35.0m) ($55.0m) $25.0m $238.0m ($77.0m) $262.0m ($155.0m)
Change In Cash Supplemental As Reported — — — — — — $1.7b ($2.3b) $866.0m ($353.0m)
Income Tax Paid Supplemental Data — — — — — $209.0m $723.0m $2.6b $868.0m —
Interest Paid Classified As Operating Activities $350.0m $538.0m $564.0m $511.0m $381.0m $811.0m $647.0m $402.0m $356.0m $381.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.