ATS (ATS) Cash Flow: Operating & Free Cash Flow

ATS Cash Flow Statement Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for ATS Corporation (ATS) - Annual data in millions CAD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2018	FY 2017
Period ending	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2017
Operating Activities
Net Income	71.73	-27.98	-27.98	127.70	121.39	64.10	52.95	70.76	35.03
Depreciation & Amortization	163.87	152.67	141.17	125.49	115.42	70.92	71.40	42.39	34.56
Deferred Income Tax	-37.52	-84.55	-29.92	-37.54	-35.61	-29.05	-0.95	13.72	1.90
Stock Based Compensation	5.06	10.56	11.25	30.59	32.76	0.86	6.25	9.85	6.81
Change in Working Capital	246.59	-7.97	-275.64	-109.41	-14.30	77.55	-112.57	2.46	56.54
Change in Accounts Receivable	284.11	-39.52	-57.76	-40.59	0.00	0.00	0.00	0.00	0.00
Change in Inventory	24.97	1.56	-12.20	-48.41	0.00	0.00	0.00	0.00	0.00
Change in Accounts Payable	-52.46	42.13	-64.80	129.24	0.00	0.00	0.00	0.00	0.00
Change in Other Working Capital	246.59	-7.97	-20.28	-109.41	-14.30	77.55	-112.57	2.46	56.54
Other Operating Activities	-38.87	-101.52	-20.28	16.47	27.90	-28.28	3.27	-11.59	-6.94
Net Cash from Operating Activities	448.38	25.77	20.78	127.80	216.16	185.16	20.35	127.60	127.90
Investing Activities
Capital Expenditures	-33.42	-32.45	-88.46	-80.30	-53.27	-21.54	-56.57	-40.92	-17.90
Acquisitions	-3.63	-179.39	-276.54	-51.68	-745.02	-68.52	-53.37	-156.35	0.08
Sales/Maturities of Investments	0.00	-44.08	0.00	21.49	0.00	-10.03	0.00	0.00	0.00
Other Investing Activities	4.37	-16.56	-55.10	22.95	0.82	11.96	0.14	5.21	0.08
Net Cash from Investing Activities	-76.04	-268.44	-341.79	-109.02	-797.47	-88.13	-109.80	-192.06	-17.81
Financing Activities
Debt Repayment	-331.42	-573.78	-824.46	33.81	566.73	-742.09	235.64	-7.35	-5.34
Common Stock Issued	12.42	0.50	362.07	0.00	2.99	6.11	0.00	0.00	12.44
Common Stock Repurchased	-19.62	-59.67	-23.83	-33.44	0.00	-8.66	-4.79	-39.28	0.00
Other Financing Activities	-4.37	24.26	-0.20	4.51	-35.19	-18.79	-8.55	5.41	12.44
Net Cash from Financing Activities	-313.09	290.28	330.72	4.88	531.54	-259.12	222.31	-41.22	7.10
Summary
Effect of Forex Changes on Cash	-0.25	8.16	0.59	0.93	-2.42	-9.09	1.24	0.08	-0.52
Net Change in Cash	59.01	55.77	10.31	24.59	-52.19	-171.18	134.11	-105.61	116.66
Cash at Beginning of Period	225.95	170.18	159.87	135.28	187.47	358.65	224.54	330.15	170.03
Cash at End of Period	284.96	225.95	170.18	159.87	135.28	187.47	358.65	224.54	286.70
Free Cash Flow	414.96	-6.68	-67.68	47.50	162.90	163.62	-36.22	86.68	110.00
Supplemental Disclosures
Interest Paid	-	95.15	68.53	58.45	30.80	38.43	-	-	-
Income Taxes Paid	-	61.94	49.51	58.40	24.13	6.53	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About ATS Cash Flow

What is ATS's free cash flow?

ATS generated free cash flow of CAD 414.96M in fiscal 2026 (fiscal year ended Mar 31, 2026), operating cash flow of CAD 448.38M minus CAD 33.42M of capital expenditures. Free cash flow equaled 14.0% of revenue.

How much does ATS spend on capital expenditures?

ATS spent CAD 33.42M on capital expenditures in fiscal 2026, compared with CAD 32.45M a year earlier. That equals 7.5% of operating cash flow.

Does ATS pay dividends or buy back shares?

Yes. In fiscal 2026 ATS returned CAD 19.62M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition