MSA Safety 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	278.92	284.97	58.58	179.63	21.34
Depreciation & Amortization	71.59	64.33	60.77	56.32	50.32
Loss (Gain) From Sale of Assets	-	-	199.58	-	-
Asset Writedown & Restructuring Costs	1.41	0.82	0.17	6.29	0.79
Stock-Based Compensation	15.2	18.19	30.02	19.65	18.91
Other Operating Activities	-10.17	-12.48	-351	-7.75	119.88
Change in Accounts Receivable	-5.17	-1.38	-7.1	-38.59	4.37
Change in Inventory	-10.46	-14.67	51.59	-67.37	-17.83
Change in Accounts Payable	-4.66	3.06	-5.45	7.59	13.3
Change in Other Net Operating Assets	27.2	-46.39	55.7	1.69	-11.93
Operating Cash Flow	363.87	296.43	92.86	157.46	199.15
Operating Cash Flow Growth	22.75%	219.23%	-41.03%	-20.93%	-3.59%
Capital Expenditures	-68.44	-54.22	-42.76	-42.55	-43.84
Sale of Property, Plant & Equipment	0.08	0.47	2.81	-	-
Cash Acquisitions	-189.28	-	-	-	-392.44
Investment in Securities	-	-	-	39.46	26.09
Other Investing Activities	-	-	-	-1.39	-5.29
Investing Cash Flow	-257.63	-53.76	-39.95	-4.48	-415.47
Long-Term Debt Issued	1,144	1,150	1,895	1,010	1,640
Total Debt Issued	1,144	1,150	1,895	1,010	1,640
Long-Term Debt Repaid	-1,076	-1,244	-1,871	-1,023	-1,347
Total Debt Repaid	-1,076	-1,244	-1,871	-1,023	-1,347
Net Debt Issued (Repaid)	67.31	-94.25	23.9	-13	293.18
Issuance of Common Stock	2.61	1.86	2.44	5.54	6.63
Repurchase of Common Stock	-89.96	-37.34	-3.96	-34.39	-6.17
Preferred Dividends Paid	-0.04	-0.04	-0.04	-0.04	-0.04
Common Dividends Paid	-82.3	-78.72	-73.45	-71.46	-68.55
Dividends Paid	-82.34	-78.76	-73.49	-71.5	-68.59
Other Financing Activities	-3.08	-0.2	-1.14	-	-21.12
Financing Cash Flow	-105.47	-208.69	-52.25	-113.35	203.93
Foreign Exchange Rate Adjustments	0.13	-17.3	-16.67	-16.63	-7.19
Net Cash Flow	0.9	16.69	-16.02	22.99	-19.6
Free Cash Flow	295.43	242.21	50.09	114.9	155.31
Free Cash Flow Growth	21.98%	383.51%	-56.40%	-26.02%	-1.49%
Free Cash Flow Margin	15.76%	13.40%	2.80%	7.52%	11.09%
Free Cash Flow Per Share	7.51	6.13	1.27	2.92	3.94
Cash Interest Paid	32.14	35.7	47.26	20.74	9.29
Cash Income Tax Paid	101.61	102.67	69.09	60.49	45.56
Levered Free Cash Flow	202.76	225.25	305.74	113.03	171.63
Unlevered Free Cash Flow	222.63	248.3	334.95	126.57	178.36
Change in Working Capital	6.91	-59.39	94.73	-96.68	-12.09

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