Mongolian Mining 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	6.1	242.01	239.69	59.18	-55.24
Depreciation & Amortization	121.97	127.76	95.07	62.93	49.83
Other Amortization	-	0.37	0.37	0.37	0.37
Loss (Gain) From Sale of Assets	-	0.86	1.64	-0.01	-0.03
Loss (Gain) on Equity Investments	-	-0.96	-1	-0.27	0.2
Stock-Based Compensation	-	1.89	2.16	-	0.03
Other Operating Activities	106.19	58.38	148.32	10.9	41.93
Change in Accounts Receivable	-	47.26	-53	7.36	-5.17
Change in Inventory	-	-49.39	3.84	56.87	-53.4
Change in Accounts Payable	-	-180.6	15.86	40.35	148.68
Change in Other Net Operating Assets	-	-24.1	28.94	-3.9	-42.29
Operating Cash Flow	234.26	223.49	481.88	233.78	84.91
Operating Cash Flow Growth	4.82%	-53.62%	106.13%	175.32%	-21.88%
Capital Expenditures	-100	-188.96	-133.8	-80.38	-48.13
Sale of Property, Plant & Equipment	-	-	0.01	0.01	0.04
Cash Acquisitions	-13.3	6.03	-40	-	-5.56
Sale (Purchase) of Intangibles	-	-	-0.01	-0.72	-2.33
Investment in Securities	-	-	-	-6.95	-0.79
Other Investing Activities	-124.34	5.02	1.5	0.12	0
Investing Cash Flow	-237.64	-177.91	-172.3	-87.92	-56.76
Long-Term Debt Issued	373.5	20	44.22	-	-
Long-Term Debt Repaid	-241.1	-1.1	-210.48	-54.71	-0.14
Net Debt Issued (Repaid)	132.4	18.9	-166.26	-54.71	-0.14
Issuance of Common Stock	3.8	2.75	-	3.33	-
Repurchase of Common Stock	-18.3	-142.53	-	-9.99	-
Common Dividends Paid	-	-21.35	-	-	-
Other Financing Activities	-35.7	61.8	-31.32	-42.5	-41.52
Financing Cash Flow	82.2	-80.43	-197.58	-103.87	-41.66
Foreign Exchange Rate Adjustments	4.61	-0.43	-0.89	-3.23	0.55
Net Cash Flow	83.43	-35.28	111.1	38.76	-12.97
Free Cash Flow	134.26	34.54	348.08	153.4	36.78
Free Cash Flow Growth	288.75%	-90.08%	126.91%	317.06%	-8.66%
Free Cash Flow Margin	16.30%	3.32%	33.64%	28.08%	19.98%
Free Cash Flow Per Share	0.13	0.03	0.33	0.15	0.04
Cash Interest Paid	35.7	27.56	31.32	42.5	41.52
Cash Income Tax Paid	-	65.56	22.74	0.69	0.97
Levered Free Cash Flow	74.33	38.99	239.22	73.14	49.87
Unlevered Free Cash Flow	96.81	58.67	260.89	101.57	78.77
Change in Working Capital	-	-206.82	-4.36	100.68	47.82

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