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	410.08	233.18	210.2	204.82	119.73
Depreciation & Amortization	109.13	86.74	125.87	82.7	106.44
Loss (Gain) From Sale of Assets	0.01	0.03	0.09	1.31	14.49
Loss (Gain) From Sale of Investments	-287.3	-	-	-	-
Loss (Gain) on Equity Investments	-156	-107.78	-200.31	-22.4	-22.94
Other Operating Activities	58.81	72.55	125.04	65.01	-19.43
Change in Accounts Receivable	71.43	-33.9	-67.4	-15.97	8.55
Change in Inventory	-4.98	4.65	1.84	-1.1	2.05
Change in Accounts Payable	19.59	18.15	3.99	17.64	7.36
Change in Other Net Operating Assets	-58.51	-1.4	71.02	33.9	63.92
Operating Cash Flow	162.25	272.22	270.34	365.9	280.18
Operating Cash Flow Growth	-40.39%	0.70%	-26.12%	30.59%	157.81%
Capital Expenditures	-183.98	-140.74	-107.34	-102.51	-164.36
Sale of Property, Plant & Equipment	0.03	23.62	-	0.1	-
Cash Acquisitions	-	-	-45.32	-	-
Sale (Purchase) of Intangibles	-	-	-38.42	-	-
Investment in Securities	248.2	-	-	-	-7.92
Other Investing Activities	9.89	86.35	77.57	-65.54	15.05
Investing Cash Flow	74.14	-30.78	-113.5	-167.94	-157.23
Long-Term Debt Issued	176.69	-	-	250.68	-
Short-Term Debt Repaid	-57.97	-	-	-	-
Long-Term Debt Repaid	-	-58.7	-126.41	-456.25	-86.02
Total Debt Repaid	-57.97	-58.7	-126.41	-456.25	-86.02
Net Debt Issued (Repaid)	118.72	-58.7	-126.41	-205.58	-86.02
Issuance of Common Stock	-	-	-	-	1.2
Repurchase of Common Stock	-0.27	-5.37	-4.58	-1.91	-
Common Dividends Paid	-76.75	-64.66	-49.32	-29.17	-
Other Financing Activities	-9.75	-15.47	-14.85	-18.74	-10.29
Financing Cash Flow	31.95	-144.21	-195.16	-255.4	-95.11
Foreign Exchange Rate Adjustments	-1.54	-1.1	-2.19	-0.41	-0.38
Miscellaneous Cash Flow Adjustments	0	-	-	-	-0
Net Cash Flow	266.8	96.13	-40.51	-57.85	27.47
Free Cash Flow	-21.73	131.48	163	263.38	115.83
Free Cash Flow Growth	-	-19.34%	-38.11%	127.40%	84.48%
Free Cash Flow Margin	-3.76%	16.26%	23.89%	38.93%	23.18%
Free Cash Flow Per Share	-0.11	0.66	0.82	1.32	0.59
Cash Interest Paid	12.36	18.07	18.08	18.68	10.29
Cash Income Tax Paid	106.57	62.89	73.06	112.5	81.54
Levered Free Cash Flow	-169.67	106.78	118.5	231.66	40.53
Unlevered Free Cash Flow	-159.32	118.24	132.88	243.52	49.43
Change in Working Capital	27.53	-12.5	9.45	34.47	81.88

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