EPA:MAU 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	410	233.18	210.2	204.82	119.73
Depreciation & Amortization	108	86.74	125.87	82.7	106.44
Loss (Gain) From Sale of Assets	-	0.03	0.09	1.31	14.49
Loss (Gain) on Equity Investments	-	-107.78	-200.31	-22.4	-22.94
Other Operating Activities	-384	72.55	125.04	65.01	-19.43
Change in Accounts Receivable	-	-33.9	-67.4	-15.97	8.55
Change in Inventory	-	4.65	1.84	-1.1	2.05
Change in Accounts Payable	-	18.15	3.99	17.64	7.36
Change in Other Net Operating Assets	28	-1.4	71.02	33.9	63.92
Operating Cash Flow	162	272.22	270.34	365.9	280.18
Operating Cash Flow Growth	-40.49%	0.70%	-26.12%	30.59%	157.81%
Capital Expenditures	-184	-140.74	-107.34	-102.51	-164.36
Sale of Property, Plant & Equipment	-	23.62	-	0.1	-
Cash Acquisitions	197	-	-45.32	-	-
Sale (Purchase) of Intangibles	-	-	-38.42	-	-
Investment in Securities	-	-	-	-	-7.92
Other Investing Activities	61	86.35	77.57	-65.54	15.05
Investing Cash Flow	74	-30.78	-113.5	-167.94	-157.23
Long-Term Debt Issued	-	0	-	250.68	-
Short-Term Debt Repaid	-	-57.43	-	-	-
Long-Term Debt Repaid	-	-1.28	-126.41	-456.25	-86.02
Total Debt Repaid	-	-58.7	-126.41	-456.25	-86.02
Net Debt Issued (Repaid)	-	-58.7	-126.41	-205.58	-86.02
Issuance of Common Stock	-	-	-	-	1.2
Repurchase of Common Stock	-	-5.37	-4.58	-1.91	-
Common Dividends Paid	-77	-64.66	-49.32	-29.17	-
Other Financing Activities	107	-15.47	-14.85	-18.74	-10.29
Financing Cash Flow	30	-144.21	-195.16	-255.4	-95.11
Foreign Exchange Rate Adjustments	-	-1.1	-2.19	-0.41	-0.38
Miscellaneous Cash Flow Adjustments	1	-	-	-	-0
Net Cash Flow	267	96.13	-40.51	-57.85	27.47
Free Cash Flow	-22	131.48	163	263.38	115.83
Free Cash Flow Growth	-	-19.34%	-38.11%	127.40%	84.48%
Free Cash Flow Margin	-3.81%	16.26%	23.89%	38.93%	23.18%
Free Cash Flow Per Share	-	0.66	0.82	1.32	0.59
Cash Interest Paid	-	18.07	18.08	18.68	10.29
Cash Income Tax Paid	107	62.89	73.06	112.5	81.54
Levered Free Cash Flow	-	106.78	118.5	231.66	40.53
Unlevered Free Cash Flow	-	118.24	132.88	243.52	49.43
Change in Working Capital	28	-12.5	9.45	34.47	81.88

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