Medallion Financial Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	40.99	35.88	55.08	43.84	54.11	-34.78
Depreciation & Amortization	7.82	6.22	5.24	5.23	4.12	5.11
Other Amortization	10.49	9.17	9.59	8.71	10.4	8.62
Loss (Gain) From Sale of Assets	-5.25	-	-	-	-0.72	-
Loss (Gain) From Sale of Investments	-19.56	-6.92	-5.18	-2.78	-17.38	4.31
Stock-Based Compensation	6.51	6.05	4.71	3.48	2.26	2.03
Provision & Write-off of Bad Debts	82.71	76.5	37.81	30.06	4.62	-
Other Operating Activities	10.75	4.22	4.41	5.32	-1.89	6.69
Change in Accounts Receivable	-2.87	-1.78	-0.93	-1.99	-0.28	-1.68
Change in Accounts Payable	-7.37	-8.74	6.21	6.38	2.69	-7.21
Change in Other Net Operating Assets	-1.75	-3.42	-2.84	3.21	2.47	34.57
Operating Cash Flow	123.52	115.51	113.76	108.74	78.73	78.71
Operating Cash Flow Growth	18.62%	1.54%	4.62%	38.13%	0.03%	21.21%
Divestitures	-	-	-	-	17.68	-
Investment in Securities	15.63	8.64	-2.13	-5.95	16.29	-0.18
Investing Cash Flow	-130.48	-335.78	-340.7	-449.01	-238.32	-170.96
Issuance of Common Stock	0.58	0.26	0.44	0.16	0.24	-
Repurchase of Common Stock	-2.19	-5.55	-0.77	-20.62	-	-
Common Dividends Paid	-10.71	-9.39	-7.7	-7.54	-	-
Other Financing Activities	-17.67	254.68	279.21	349.39	171.8	136.47
Financing Cash Flow	-29.99	239.99	271.18	321.38	172.04	136.47
Net Cash Flow	-36.95	19.73	44.25	-18.89	12.44	44.22
Cash Interest Paid	94.96	82.76	57.51	31.98	29.87	31.2
Cash Income Tax Paid	23.85	22.46	25.1	8.85	5.48	0.1
Levered Free Cash Flow	8.75	-207.74	-195.1	-349.21	-201.39	-67.77
Unlevered Free Cash Flow	59.31	-161.81	-165.35	-335.31	-192.32	-55.05
Change in Working Capital	-10.92	-15.61	2.1	14.89	23.21	16.91

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