MCEM 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	73.26	64.62	66.05	73.69	40.88	59.7
Depreciation & Amortization	21.61	20.42	17.42	16.55	15.93	15.04
Loss (Gain) From Sale of Assets	-2.6	-2.52	-2	-1.78	-1.69	-0.29
Loss (Gain) From Sale of Investments	-8.58	-4.82	-5.09	-16.87	2.48	-23.82
Loss (Gain) on Equity Investments	-4.16	-3.86	-1.49	-1.92	-1.1	-1.24
Other Operating Activities	16.53	13.67	14.76	3.22	-6.19	2.54
Change in Accounts Receivable	-5.4	-6.16	-0.93	-3.27	0.69	-3.28
Change in Inventory	-1.69	-3.12	-9.33	-12.26	-4.01	1.79
Change in Accounts Payable	-5.97	-3.13	-9.57	1.05	2.05	1.14
Change in Income Taxes	2.68	2.68	3.32	6.18	-0.45	-0.03
Change in Other Net Operating Assets	-3.18	-6.34	0.49	1.74	0.45	2.02
Operating Cash Flow	82.51	71.45	73.64	66.35	49.03	53.57
Operating Cash Flow Growth	11.87%	-2.97%	10.99%	35.33%	-8.49%	13.42%
Capital Expenditures	-36.59	-35.41	-44.55	-41.56	-33.96	-23.96
Sale of Property, Plant & Equipment	4.94	4.88	1.23	2.62	1.93	0.38
Cash Acquisitions	-	-	-	-	0.08	-
Investment in Securities	-30.61	-12.8	-11.09	-2.61	10.3	17.54
Investing Cash Flow	-62.26	-43.33	-54.41	-41.55	-21.65	-6.04
Repurchase of Common Stock	-3.89	-3.46	-6.2	-5.05	-7.23	-3.52
Common Dividends Paid	-34.03	-33.75	-17.1	-22.79	-17.96	-8.22
Financing Cash Flow	-37.92	-37.21	-23.29	-27.85	-25.19	-24.44
Net Cash Flow	-17.67	-9.09	-4.06	-3.04	2.19	23.1
Free Cash Flow	45.92	36.04	29.09	24.79	15.06	29.62
Free Cash Flow Growth	60.98%	23.88%	17.37%	64.56%	-49.15%	25.01%
Free Cash Flow Margin	17.73%	14.52%	10.85%	9.43%	6.48%	13.98%
Free Cash Flow Per Share	12.27	9.62	7.94	6.70	4.00	7.84
Cash Interest Paid	0.06	0	0	0.01	0.01	0
Cash Income Tax Paid	6.17	8.42	10.03	10.32	13.89	10.3
Levered Free Cash Flow	16.36	14.72	3.68	11.23	6.88	16.94
Unlevered Free Cash Flow	16.39	14.72	3.68	11.24	6.89	16.94
Change in Working Capital	-13.56	-16.06	-16.01	-6.55	-1.28	1.64

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