AMG Critical Materials 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	-18.62	-33.35	101.32	187.59	13.77
Depreciation & Amortization	66.16	58.4	54.64	45.15	43.52
Other Amortization	-	0.15	-	0.15	0.17
Loss (Gain) From Sale of Assets	-1.42	0.16	0.15	-0.59	-0.07
Asset Writedown & Restructuring Costs	2.07	-2.51	12.76	10.03	-3.1
Loss (Gain) on Equity Investments	3.4	3.77	3.72	1.25	1.05
Stock-Based Compensation	7.76	6.08	5.8	5.55	10.03
Other Operating Activities	79.04	19.95	-13.57	41.72	2.67
Change in Accounts Receivable	-	-6.97	4.97	-21.07	-23.64
Change in Inventory	-	-34.76	7.89	-72.07	-82.39
Change in Accounts Payable	-	58.99	27.71	21.6	102.89
Change in Unearned Revenue	-	-5.92	-16.36	7.46	34.84
Change in Other Net Operating Assets	-62.26	-26.48	33.97	-59.21	-8.95
Operating Cash Flow	76.13	37.52	223	167.57	90.79
Operating Cash Flow Growth	102.92%	-83.18%	33.08%	84.57%	362.75%
Capital Expenditures	-94.97	-123.48	-168.9	-191.17	-178.08
Sale of Property, Plant & Equipment	2.28	0.16	0.04	2.54	1.03
Cash Acquisitions	-	-	-	-	-0.46
Investment in Securities	-14.07	-23.61	-21.99	-1.25	-1
Other Investing Activities	-2.67	-0.11	5.5	86.78	115.55
Investing Cash Flow	-109.43	-147.04	-185.34	-103.1	-62.95
Short-Term Debt Issued	-	-	-	0.08	-
Long-Term Debt Issued	39.82	103.12	1.4	-	352.15
Total Debt Issued	39.82	103.12	1.4	0.08	352.15
Long-Term Debt Repaid	-12.27	-13.28	-21.76	-38.96	-348.09
Net Debt Issued (Repaid)	27.55	89.84	-20.36	-38.88	4.06
Issuance of Common Stock	-	-	-	-	123.63
Repurchase of Common Stock	-0.12	-0.69	-6.96	-1.52	-2.06
Common Dividends Paid	-14.78	-14.04	-28.21	-19.89	-7.6
Other Financing Activities	-7.17	-3.52	14	11	-6.96
Financing Cash Flow	5.48	71.59	-41.54	-49.29	111.07
Foreign Exchange Rate Adjustments	22.89	-13.12	3.15	-7.01	-8.39
Net Cash Flow	-4.93	-51.05	-0.74	8.17	130.51
Free Cash Flow	-18.84	-85.96	54.1	-23.6	-87.29
Free Cash Flow Margin	-1.10%	-5.97%	3.33%	-1.44%	-7.25%
Free Cash Flow Per Share	-0.59	-2.67	1.67	-0.72	-2.78
Cash Interest Paid	-	50.32	40.03	27.73	22.69
Cash Income Tax Paid	20.43	18.67	103.17	41.8	9.9
Levered Free Cash Flow	-13.23	-24.36	92.7	-72.74	-99.7
Unlevered Free Cash Flow	27.85	5.1	118.62	-52.78	-83.9
Change in Working Capital	-62.26	-15.14	58.19	-123.28	22.75

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