Melcor Developments Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	58.75	33.53	62.98	89.35	56.31	11.46
Depreciation & Amortization	1.19	1.25	1.26	1.35	1.33	1.41
Other Amortization	7.02	8.22	8.42	7.56	8.16	7.88
Loss (Gain) From Sale of Assets	-0.13	-0.06	-0.05	-0.04	-0.15	-0.04
Asset Writedown & Restructuring Costs	8.11	28.44	24.46	-21.55	-19.37	76.48
Stock-Based Compensation	1.29	1.24	1.06	0.84	1.13	0.87
Other Operating Activities	35.04	21.29	-13.85	-19.21	33.05	-47.43
Change in Accounts Receivable	-25.54	-31.34	-28.84	30.51	-54.4	3.07
Change in Inventory	23.21	40.5	7.28	-48.89	32.05	16.66
Change in Other Net Operating Assets	6.52	-4.44	-13.9	-21.56	14.71	-17.24
Operating Cash Flow	115.44	98.63	48.81	18.35	72.82	53.12
Operating Cash Flow Growth	79.04%	102.07%	165.97%	-74.80%	37.09%	70.12%
Capital Expenditures	-0.82	-0.93	-0.72	-0.74	-1.22	-1.06
Sale of Property, Plant & Equipment	40.08	0.13	0.07	0.07	0.28	0.05
Sale (Purchase) of Real Estate	25.12	7.51	4.29	18.99	-16.74	-16.41
Investment in Securities	4.33	-3.77	-	-	-	-
Other Investing Activities	-	-0.25	1	-	-	-
Investing Cash Flow	68.71	2.69	4.64	18.33	-17.68	-17.41
Long-Term Debt Issued	-	37.4	24.44	146.61	149.73	64.23
Long-Term Debt Repaid	-	-101.46	-95.55	-123.78	-156.09	-94.86
Net Debt Issued (Repaid)	-49.83	-64.06	-71.11	22.83	-6.37	-30.63
Issuance of Common Stock	-	-	-	0.03	0.22	-
Repurchase of Common Stock	-75.91	-4.33	-8.1	-21.46	-3.88	-1.31
Common Dividends Paid	-13.91	-13.4	-19.76	-18.66	-14.53	-11.27
Other Financing Activities	-6.17	-0.3	-	-	-	-
Financing Cash Flow	-145.82	-82.09	-98.97	-17.26	-24.56	-43.22
Foreign Exchange Rate Adjustments	1.32	0.42	-0.25	1.12	0.13	-0.27
Net Cash Flow	39.66	19.65	-45.78	20.55	30.72	-7.78
Free Cash Flow	114.63	97.7	48.09	17.62	71.6	52.06
Free Cash Flow Growth	80.13%	103.15%	172.99%	-75.40%	37.53%	71.90%
Free Cash Flow Margin	29.09%	27.95%	15.25%	7.29%	22.69%	22.95%
Free Cash Flow Per Share	3.59	3.18	1.55	0.54	2.15	1.56
Cash Interest Paid	30.81	33.96	35.24	30.98	31.45	31.96
Cash Income Tax Paid	31.1	14.52	12.62	24.52	13.56	9.95
Levered Free Cash Flow	96.15	48.5	45.67	31.44	43.5	58.06
Unlevered Free Cash Flow	110.22	65.17	62.81	46.6	57.79	73.71
Change in Working Capital	4.18	4.72	-35.46	-39.95	-7.65	2.49

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