Cameco Corp cash flow statement

In fiscal 2025, Cameco Corp's operations generated $1.01bn of cash; it spent $238m on capital projects, leaving free cash flow of $770m. It returned $74.8m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Cameco Corp: cash flow statement, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	236	460	515	397	42	366	234	510	661	1,008
Depreciation and amortisation	281	255	253	208	156	152	136	163	205	210
Stock-based pay	11	11	12	11	5	4	3	3	5	7
Capital spending	164	88	43	57	58	79	110	114	155	238
Free cash flow	72	372	473	341	−15	287	124	396	507	770
Free cash flow after stock pay	62	361	461	330	−20	283	121	393	502	763
Dividends paid	120	122	55	24	24	25	40	39	51	75

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Cameco Corp's SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Cameco Corp.