2020 Bulkers Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	183.5	29.6	76.3	25.6	31.9	70.8
Depreciation & Amortization	5.6	7.9	9.5	11.6	11.7	11.7
Other Amortization	2.2	0.6	1.2	-	-	-
Loss (Gain) From Sale of Assets	-149.2	-	-40.9	-	-	-
Stock-Based Compensation	0.1	0.2	0.2	0.1	0.1	-
Other Operating Activities	-2	-4.5	-3	-	-	-
Change in Accounts Receivable	0.2	-0.9	-	1.3	-1.5	-0.3
Change in Accounts Payable	-0.7	0.1	-0.1	-0.4	0.3	-
Change in Other Net Operating Assets	-3.5	1.5	-1.1	3	-0.2	1.3
Operating Cash Flow	36.2	34.5	42.1	41.2	42.3	83.5
Operating Cash Flow Growth	5.54%	-18.05%	2.18%	-2.60%	-49.34%	283.03%
Sale of Property, Plant & Equipment	357.2	-	125.8	-	-	-
Divestitures	-	-	0.3	-	-	-
Investing Cash Flow	357.2	-	126.1	-	-	-
Long-Term Debt Repaid	-	-	-96.8	-14.8	-14.8	-14
Net Debt Issued (Repaid)	-94.6	-	-96.8	-14.8	-14.8	-14
Issuance of Common Stock	0.7	0.1	-	3.2	-	0.4
Common Dividends Paid	-42.3	-28.6	-86	-14.5	-35.9	-64.9
Other Financing Activities	-	-	-	-	-	-0.9
Financing Cash Flow	-136.2	-28.5	-182.8	-26.1	-50.7	-79.4
Net Cash Flow	257.1	6	-14.6	15.1	-8.4	4.1
Free Cash Flow	36.2	34.5	42.1	41.2	42.3	83.5
Free Cash Flow Growth	5.54%	-18.05%	2.18%	-2.60%	-49.34%	-
Free Cash Flow Margin	16.67%	53.16%	36.90%	58.19%	55.58%	73.37%
Free Cash Flow Per Share	1.58	1.51	1.84	1.82	1.88	3.70
Cash Interest Paid	7.1	7.1	9	10.8	9.1	9
Cash Income Tax Paid	0.5	0.8	1.3	0.1	-	-
Levered Free Cash Flow	83.7	-211.61	53.26	34.39	29.06	56.59
Unlevered Free Cash Flow	86	-207.46	56.31	41.39	34.94	62.53
Change in Working Capital	-4	0.7	-1.2	3.9	-1.4	1