Merchants Financial Group 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	32.38	18.54	25.5	30.42	28.78
Depreciation & Amortization	8.42	9.18	9.55	9.28	10.5
Gain (Loss) on Sale of Assets	-0.63	-0.07	-	0.02	-0.11
Gain (Loss) on Sale of Investments	-0.49	1.16	0.18	0.37	1.05
Total Asset Writedown	0.45	0.11	0.01	0.16	-
Provision for Credit Losses	-1.48	10.09	1.45	-2.31	-3.06
Net Decrease (Increase) in Loans Originated / Sold - Operating	-9.7	2.32	5.07	18.84	27.43
Change in Other Net Operating Assets	-1.48	-0.98	-1.56	-1.36	-1.02
Other Operating Activities	-12.73	-2.1	-5.35	3.21	-2.6
Operating Cash Flow	11.01	36.91	34.11	56.82	45.35
Operating Cash Flow Growth	-70.18%	8.22%	-39.97%	25.28%	24.10%
Capital Expenditures	-0.58	-2.13	-4.64	-8.78	-7.21
Sale of Property, Plant and Equipment	2.27	-	-	0.04	0.99
Investment in Securities	-107.62	-80.21	75.51	-129.99	-85.31
Net Decrease (Increase) in Loans Originated / Sold - Investing	74.31	28.66	-282.81	-271.83	163.4
Other Investing Activities	0.33	4.03	-1.99	-8	-0.29
Investing Cash Flow	-24.18	-49.09	-213.79	-418.29	75.4
Short-Term Debt Issued	-	-	97.74	10.32	-
Long-Term Debt Issued	-	15	-	-	-
Total Debt Issued	-	15	97.74	10.32	-
Short-Term Debt Repaid	-0.02	-94.69	-	-	-11.02
Long-Term Debt Repaid	-10.3	-10.36	-17.76	-2.42	-2.88
Total Debt Repaid	-10.32	-105.06	-17.76	-2.42	-13.9
Net Debt Issued (Repaid)	-10.32	-90.06	79.97	7.9	-13.9
Repurchase of Common Stock	-3.03	-2.68	-	-2.41	-0.85
Common Dividends Paid	-6.22	-5.7	-5.54	-4.97	-6.97
Net Increase (Decrease) in Deposit Accounts	97.39	249.35	-82.89	-261.26	326.79
Financing Cash Flow	77.82	150.92	-8.45	-260.74	305.08
Net Cash Flow	64.65	138.74	-188.14	-622.22	425.83
Free Cash Flow	10.43	34.78	29.46	48.04	38.15
Free Cash Flow Growth	-70.02%	18.06%	-38.66%	25.93%	20.15%
Free Cash Flow Margin	8.36%	33.99%	26.55%	41.34%	31.81%
Free Cash Flow Per Share	1.32	4.39	3.73	6.08	4.83
Cash Interest Paid	52.59	47.48	28.78	7.95	8.63
Cash Income Tax Paid	4.22	8.53	16.8	13.07	17.47

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