Nickel Industries Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
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
Net Income	-41.17	-189.8	121.6	158.98	137.94
Depreciation & Amortization	115.26	127.98	111.66	66.6	35.98
Asset Writedown & Restructuring Costs	8.11	236.58	-	-	-
Loss (Gain) From Sale of Investments	-	-	-	0.4	-2.45
Loss (Gain) on Equity Investments	-18.36	-7.24	-	-	-
Stock-Based Compensation	1.13	-	-	-	-
Other Operating Activities	143.27	76.31	145.5	88.3	53.8
Change in Accounts Receivable	56.42	85.39	-182.12	-142.48	-14.39
Change in Inventory	-121.95	19.26	-7.27	-97.85	-45.71
Change in Accounts Payable	42.58	-68.14	41.46	-11	23.51
Change in Other Net Operating Assets	2.63	1.04	-1.07	0.09	0.34
Operating Cash Flow	187.92	281.39	229.76	63.04	189.02
Operating Cash Flow Growth	-33.22%	22.48%	264.44%	-66.65%	26.05%
Capital Expenditures	-38.07	-76.31	-223.87	-119.77	-48.21
Cash Acquisitions	-	0.6	-75	-308.24	-546.14
Investment in Securities	-	-204.89	-832.21	-	-
Other Investing Activities	-	-	-15	-	-
Investing Cash Flow	-40.16	-288.91	-1,153	-430.01	-597.86
Long-Term Debt Issued	780.86	454.76	580.53	230.3	320.84
Long-Term Debt Repaid	-631.44	-252.72	-315.48	-5.6	-45
Total Debt Repaid	-631.44	-252.72	-315.48	-5.6	-45
Net Debt Issued (Repaid)	149.42	202.04	265.05	224.7	275.84
Issuance of Common Stock	-	-	828.93	106	-
Common Dividends Paid	-17.01	-142.73	-85.57	-72.72	-75.09
Other Financing Activities	-163.12	-123.32	52.76	115.18	-3.46
Financing Cash Flow	-30.72	-64.01	1,061	373.15	197.29
Foreign Exchange Rate Adjustments	-4.67	-1.58	1.97	0.19	-2.04
Net Cash Flow	112.37	-73.1	139.81	6.38	-213.58
Free Cash Flow	149.85	205.09	5.88	-56.73	140.81
Free Cash Flow Growth	-26.93%	3387.21%	-	-	-1.23%
Free Cash Flow Margin	9.09%	11.76%	0.31%	-4.66%	21.80%
Free Cash Flow Per Share	0.04	0.05	0.00	-0.02	0.06
Cash Interest Paid	86.21	84.25	51.01	26.75	6.34
Cash Income Tax Paid	23.15	55.29	56.36	58.17	8.2
Levered Free Cash Flow	54.24	123.35	-25.91	-18.63	60.49
Unlevered Free Cash Flow	134.43	180.69	17.28	2.48	68.64
Change in Working Capital	-20.32	37.55	-149	-251.24	-36.25

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.