Materion 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	74.82	5.89	95.7	85.99	72.47
Depreciation & Amortization	69.07	68.68	61.64	51.64	42.34
Other Amortization	1.89	1.71	1.71	3.53	2.77
Loss (Gain) From Sale of Assets	0.28	7.61	0.02	0.01	-0.28
Asset Writedown & Restructuring Costs	-	73.2	-	-	-
Stock-Based Compensation	10.93	10.56	10.09	8.81	6.52
Other Operating Activities	-5.03	-16.91	-8.18	1.04	-12.52
Change in Accounts Receivable	-25.79	-3.72	23.36	-4.38	-30.49
Change in Inventory	-13.3	-0.47	-18.7	-63.99	-43.46
Change in Accounts Payable	33.52	-15.76	6.63	12.86	40.22
Change in Unearned Revenue	-15.2	-24.69	-0.69	22.15	13.86
Change in Other Net Operating Assets	-27.94	-18.29	-27.18	-1.71	-1.18
Operating Cash Flow	103.24	87.82	144.41	115.96	90.24
Operating Cash Flow Growth	17.57%	-39.19%	24.54%	28.50%	-10.70%
Capital Expenditures	-79.57	-80.81	-119.88	-77.61	-102.91
Sale of Property, Plant & Equipment	0.93	1.2	0.65	0.85	0.88
Cash Acquisitions	-19.5	-	-	-2.97	-392.24
Investing Cash Flow	-98.14	-79.61	-119.22	-79.73	-494.27
Long-Term Debt Issued	33.89	45.69	8.07	0.23	418.3
Long-Term Debt Repaid	-18.78	-31.03	-17.06	-22.04	-4.87
Total Debt Repaid	-18.78	-31.03	-17.06	-22.04	-4.87
Net Debt Issued (Repaid)	15.11	14.67	-9	-21.81	413.42
Repurchase of Common Stock	-10.49	-7.61	-5.23	-3.59	-3.32
Common Dividends Paid	-11.51	-11.09	-10.62	-10.16	-9.7
Other Financing Activities	-2.94	-0.16	-	-	-7.4
Financing Cash Flow	-9.82	-4.19	-24.85	-35.56	393.01
Foreign Exchange Rate Adjustments	1.68	-0.61	-0.15	-2.03	-0.39
Net Cash Flow	-3.03	3.42	0.19	-1.36	-11.42
Free Cash Flow	23.68	7.01	24.54	38.35	-12.67
Free Cash Flow Growth	237.79%	-71.44%	-36.02%	-	-
Free Cash Flow Margin	1.32%	0.42%	1.47%	2.18%	-0.84%
Free Cash Flow Per Share	1.13	0.34	1.17	1.85	-0.61
Cash Interest Paid	29.55	35.92	32.04	21.19	3.65
Cash Income Tax Paid	-	11.5	7.5	14.5	21.8
Levered Free Cash Flow	24.59	27.04	6.57	19.64	-112.82
Unlevered Free Cash Flow	41.89	47.05	24.44	31.59	-110.73
Change in Working Capital	-48.72	-62.93	-16.58	-35.07	-21.05

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