MCAN Mortgage Corporation (MAMTF)

MCAN Mortgage Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	70.96	77.59	77.5	55.35	64.36	42.89
Depreciation & Amortization	1.49	1.03	0.64	0.59	0.68	0.78
Gain on Sale of Loans & Receivables	10.18	10.1	9.13	7.87	4.54	2.26
Loss (Gain) From Sale of Investments	7.5	6.93	2.46	10.35	-15.09	9.06
Provision for Credit Losses	6.99	3.26	4.49	-1.07	0.46	2.1
Loss (Gain) on Equity Investments	-27.19	-28.8	-22.01	-26.6	-25.45	-33.92
Change in Trading Asset Securities	-8.81	-4.26	0.2	-	-	-
Change in Income Taxes	-	-	-0.03	-	-	-
Change in Other Net Operating Assets	-90.73	-10.98	-132.74	-18.02	-142.59	36.25
Other Operating Activities	-1.04	-1.09	0.76	-0.2	-0.48	-0.3
Operating Cash Flow	-30.66	53.77	-59.6	28.27	-113.57	59.12
Capital Expenditures	-7.67	-4.8	-0.67	-0.28	-0.16	-0.31
Investment in Securities	20.26	18.59	17.86	18.35	17.86	15.53
Investing Cash Flow	12.59	13.79	17.19	18.07	17.7	15.23
Short-Term Debt Issued	-	-	58.15	-	98.55	-
Long-Term Debt Issued	-	6.55	-	-	-	-
Total Debt Issued	120.38	6.55	58.15	-	98.55	-
Short-Term Debt Repaid	-	-64.58	-	-92.01	-	-5.05
Long-Term Debt Repaid	-	-	-0.37	-0.36	-0.34	-0.37
Total Debt Repaid	-25.52	-64.58	-0.37	-92.37	-0.34	-5.42
Net Debt Issued (Repaid)	94.86	-58.03	57.78	-92.37	98.2	-5.42
Issuance of Common Stock	8.05	34.11	2.09	38.16	53.22	-
Common Dividends Paid	-49.57	-42.28	-35.33	-36.18	-22.2	-34.44
Financing Cash Flow	53.35	-66.2	24.54	-90.39	129.22	-39.87
Net Cash Flow	35.28	1.36	-17.87	-44.06	33.34	34.48
Free Cash Flow	-38.32	48.97	-60.26	27.99	-113.73	58.81
Free Cash Flow Margin	-30.30%	37.50%	-48.63%	29.67%	-113.50%	82.72%
Free Cash Flow Per Share	-1.00	1.30	-1.73	0.90	-4.25	2.40
Cash Interest Paid	160.88	158.79	125.37	73.83	47.97	44.39

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