Montana Aerospace AG Cash Flow Statement

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

Millions EUR. 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	53.2	36.09	-37.95	-36.11	-49.01	-57.36
Depreciation & Amortization	84.43	94.17	94.96	103.65	70.19	60.88
Other Amortization	4.38	4.38	4.79	4.05	1.51	0.79
Loss (Gain) From Sale of Assets	0.98	0.31	0.45	-18.87	0.26	0.05
Asset Writedown & Restructuring Costs	26.32	26.32	2.16	1.53	-0.6	11.5
Loss (Gain) From Sale of Investments	-0.03	1.24	-	-	-0.45	0.44
Loss (Gain) on Equity Investments	-	2.72	-1.42	-	-	-
Other Operating Activities	16.15	-7.64	38.32	18.99	20.06	25.57
Change in Accounts Receivable	-6.92	4.47	17.73	-25.17	-42.68	12.31
Change in Inventory	12.7	-51.56	-11.16	-39.99	-49.44	-1.73
Change in Accounts Payable	-16.36	8.02	17.56	110.96	22.97	-28.72
Change in Other Net Operating Assets	-1.3	-0.37	-1.33	12.35	-0.65	-14.39
Operating Cash Flow	173.54	118.14	124.1	131.4	-27.84	9.34
Operating Cash Flow Growth	16.90%	-4.80%	-5.55%	-	-	-90.79%
Capital Expenditures	-92.04	-87.05	-69.42	-85.96	-121.37	-133.31
Sale of Property, Plant & Equipment	0.81	0.63	0.58	11.2	15.48	1.15
Cash Acquisitions	-29.97	-1.01	-0.19	-91.14	-4.32	-0.58
Divestitures	-	1	-	8.48	-	-
Investment in Securities	-	-	-2.88	-0.83	8.45	-
Other Investing Activities	43.33	89.86	0.38	7.98	15.69	97.62
Investing Cash Flow	-77.88	3.43	-71.53	-150.27	-86.07	-35.12
Long-Term Debt Issued	-	179.48	328.87	137.38	230.84	186.73
Long-Term Debt Repaid	-	-304.16	-589.67	-177.83	-234.73	-197.66
Net Debt Issued (Repaid)	-106.41	-124.68	-260.8	-40.45	-3.89	-10.93
Issuance of Common Stock	8.7	0.39	-	1.92	573.42	20.78
Other Financing Activities	-31.25	-37.97	-42.47	-27.9	-47.74	-20.59
Financing Cash Flow	-128.96	-162.27	-303.27	-66.43	521.79	-10.74
Foreign Exchange Rate Adjustments	-2.17	-1.03	-0.27	2.45	5.37	-1.79
Net Cash Flow	-35.47	-41.72	-250.96	-82.84	413.26	-38.3
Free Cash Flow	81.5	31.09	54.68	45.44	-149.21	-123.97
Free Cash Flow Growth	18.62%	-43.14%	20.34%	-	-	-
Free Cash Flow Margin	4.98%	2.03%	4.17%	3.40%	-18.09%	-18.38%
Free Cash Flow Per Share	1.31	0.50	0.88	0.75	-3.57	-4.30
Cash Interest Paid	31.25	37.97	42.47	27.9	18.59	20.59
Cash Income Tax Paid	6.18	5.94	-0.84	6.69	3.19	2.8
Levered Free Cash Flow	147.22	28.98	35.97	-39.15	-171.08	-131.67
Unlevered Free Cash Flow	172.58	57.14	65.37	-18.52	-159.57	-117.67
Change in Working Capital	-11.87	-39.44	22.8	58.15	-69.81	-32.53

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.