The Monarch Cement Company (MCEM)

MCEM Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	64.62	66.05	73.69	40.88	59.7
Depreciation & Amortization	20.42	17.42	16.55	15.93	15.04
Loss (Gain) From Sale of Assets	-2.52	-2	-1.78	-1.69	-0.29
Loss (Gain) From Sale of Investments	-4.82	-5.09	-16.87	2.48	-23.82
Loss (Gain) on Equity Investments	-3.86	-1.49	-1.92	-1.1	-1.24
Other Operating Activities	13.67	14.76	3.22	-6.19	2.54
Change in Accounts Receivable	-6.16	-0.93	-3.27	0.69	-3.28
Change in Inventory	-3.12	-9.33	-12.26	-4.01	1.79
Change in Accounts Payable	-3.13	-9.57	1.05	2.05	1.14
Change in Income Taxes	2.68	3.32	6.18	-0.45	-0.03
Change in Other Net Operating Assets	-6.34	0.49	1.74	0.45	2.02
Operating Cash Flow	71.45	73.64	66.35	49.03	53.57
Operating Cash Flow Growth	-2.97%	10.99%	35.33%	-8.49%	13.42%
Capital Expenditures	-35.41	-44.55	-41.56	-33.96	-23.96
Sale of Property, Plant & Equipment	4.88	1.23	2.62	1.93	0.38
Cash Acquisitions	-	-	-	0.08	-
Investment in Securities	-12.8	-11.09	-2.61	10.3	17.54
Investing Cash Flow	-43.33	-54.41	-41.55	-21.65	-6.04
Repurchase of Common Stock	-3.46	-6.2	-5.05	-7.23	-3.52
Common Dividends Paid	-33.75	-17.1	-22.79	-17.96	-8.22
Financing Cash Flow	-37.21	-23.29	-27.85	-25.19	-24.44
Net Cash Flow	-9.09	-4.06	-3.04	2.19	23.1
Free Cash Flow	36.04	29.09	24.79	15.06	29.62
Free Cash Flow Growth	23.88%	17.37%	64.56%	-49.15%	25.01%
Free Cash Flow Margin	14.52%	10.85%	9.43%	6.48%	13.98%
Free Cash Flow Per Share	9.62	7.94	6.70	4.00	7.84
Cash Interest Paid	0	0	0.01	0.01	0
Cash Income Tax Paid	8.42	10.03	10.32	13.89	10.3
Levered Free Cash Flow	14.72	3.68	11.23	6.88	16.94
Unlevered Free Cash Flow	14.72	3.68	11.24	6.89	16.94
Change in Working Capital	-16.06	-16.01	-6.55	-1.28	1.64

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.