Monarch Casino & Resort 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	82.66	72.77	82.45	87.48	68.49	23.68
Depreciation & Amortization	54.01	51.16	47.29	43.43	38.43	17.32
Other Amortization	0.33	0.2	-	-	0.99	0.86
Loss (Gain) From Sale of Assets	0	0.25	0.16	-0.07	0.14	0.06
Stock-Based Compensation	8.36	7.86	7.48	5.18	4.06	3.86
Provision & Write-off of Bad Debts	0.03	0.23	0.19	0.16	0.25	0.16
Other Operating Activities	-10.17	-10.13	0.41	4.95	6.51	15.77
Change in Accounts Receivable	2.91	1.5	-2.62	-0.84	-5.39	1.56
Change in Inventory	-0.82	-1.68	-0.06	-0.4	0.66	-1.09
Change in Accounts Payable	27.27	18.15	8.67	-4.16	6.92	-5.38
Change in Income Taxes	0.1	-0.52	23.98	1.96	-2.05	-24.71
Change in Other Net Operating Assets	-0.26	0.92	5.08	2.09	9.1	-0.65
Operating Cash Flow	164.41	140.71	173.05	139.77	128.1	31.44
Operating Cash Flow Growth	16.15%	-18.69%	23.81%	9.11%	307.40%	-50.28%
Capital Expenditures	-41.96	-47.43	-49.01	-39.48	-46.93	-88.67
Sale of Property, Plant & Equipment	0.06	0.11	0.17	0.44	0.02	0.03
Other Investing Activities	-1.34	3.54	-2.39	-8.93	9.12	42.24
Investing Cash Flow	-43.24	-43.79	-51.23	-47.97	-37.79	-46.39
Long-Term Debt Issued	-	45.5	71.5	3	-	10.81
Long-Term Debt Repaid	-	-51	-73	-86	-92.5	-24.56
Net Debt Issued (Repaid)	-7	-5.5	-1.5	-83	-92.5	-13.75
Issuance of Common Stock	9.7	8.22	2.57	9.84	8.13	3.76
Repurchase of Common Stock	-33.56	-61.98	-5.49	-13.39	-0.73	-4.43
Common Dividends Paid	-22.06	-22.27	-17.21	-	-	-
Other Financing Activities	-	-	-	-	-	-2.86
Financing Cash Flow	-52.92	-81.53	-117.24	-86.54	-85.1	-17.28
Net Cash Flow	68.26	15.4	4.58	5.25	5.22	-32.23
Free Cash Flow	122.45	93.28	124.04	100.29	81.18	-57.22
Free Cash Flow Growth	37.85%	-24.80%	23.68%	23.55%	-	-
Free Cash Flow Margin	22.69%	17.86%	24.73%	20.99%	20.53%	-31.03%
Free Cash Flow Per Share	6.53	4.92	6.32	5.12	4.18	-3.03
Cash Interest Paid	0.59	0.99	1.97	1.45	3.07	0.38
Cash Income Tax Paid	30.67	29.76	1.87	15.62	12.41	-
Levered Free Cash Flow	132.81	110.43	108.75	71.57	71.52	-44.47
Unlevered Free Cash Flow	132.68	110.5	109.76	73.09	73.34	-45.03
Change in Working Capital	29.2	18.37	35.06	-1.35	9.25	-30.27

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