MP Materials 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	-85.87	-65.42	24.31	289	135.04
Depreciation & Amortization	89.27	78.06	55.71	18.36	26.76
Other Amortization	5.41	3.9	3.54	4.03	7.38
Loss (Gain) From Sale of Assets	-	-	-	-	0.57
Loss (Gain) From Sale of Investments	-24.09	-30.26	-26.32	-9.96	-
Stock-Based Compensation	30.16	23.18	25.24	31.78	22.93
Other Operating Activities	-34.44	-54.32	12.46	6.09	-39
Change in Accounts Receivable	4	-8.93	23.13	18.15	-47.42
Change in Inventory	-115.02	-41.54	-47.1	-24.31	-8.23
Change in Accounts Payable	9.39	1.33	11.31	1.96	5.53
Change in Unearned Revenue	63.02	104.91	19.12	-	-
Change in Income Taxes	23.03	-22.84	-19.79	15.5	3.46
Change in Other Net Operating Assets	-120.62	25.28	-18.9	-7.09	-5.06
Operating Cash Flow	-155.76	13.35	62.7	343.51	101.97
Operating Cash Flow Growth	-	-78.71%	-81.75%	236.87%	3011.72%
Capital Expenditures	-172.38	-186.42	-261.9	-326.6	-123.87
Sale of Property, Plant & Equipment	4.06	-	0.02	-	0.13
Investment in Securities	-61.94	196.38	327.78	-1,036	-
Other Investing Activities	24.2	0.1	2.8	5.13	4.38
Investing Cash Flow	-206.05	10.06	68.7	-1,357	-119.36
Long-Term Debt Issued	61.54	747.5	-	-	690
Long-Term Debt Repaid	-6.14	-431.13	-2.73	-5.83	-2.44
Net Debt Issued (Repaid)	55.4	316.37	-2.73	-5.83	687.57
Issuance of Common Stock	747.5	-	-	-	-
Repurchase of Common Stock	-10.92	-235.18	-7.19	-18.36	-3.33
Other Financing Activities	154.17	-85.98	-	-	-18.13
Financing Cash Flow	1,246	-4.79	-9.92	-24.19	666.11
Net Cash Flow	883.76	18.62	121.48	-1,038	648.72
Free Cash Flow	-328.13	-173.07	-199.2	16.92	-21.9
Free Cash Flow Margin	-119.12%	-84.90%	-78.60%	3.21%	-6.60%
Free Cash Flow Per Share	-1.93	-1.02	-1.12	0.09	-0.12
Cash Interest Paid	23.1	12.13	2.06	2.1	1.2
Cash Income Tax Paid	-23.32	0.87	20.11	18.86	4.17
Levered Free Cash Flow	-249.89	-191	-182.71	-26.66	-0.38
Unlevered Free Cash Flow	-235.62	-180.52	-182.97	-27.08	-2.2
Change in Working Capital	-136.2	58.21	-32.23	4.21	-51.71

Source: S&P Global Market Intelligence. Standard template. Financial Sources.