MSP Recovery Cash Flow Statement

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

Millions USD. 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	-719.22	-360.5	-56.35	-7.42	-33.09	-24.25
Depreciation & Amortization	477.39	484.35	476.76	267.35	0.51	0.36
Loss (Gain) From Sale of Assets	-	-	-4.6	-	-	-
Asset Writedown & Restructuring Costs	752.7	752.7	-	-	-	-
Loss (Gain) From Sale of Investments	-	-	-	-	-0.2	0.26
Stock-Based Compensation	1.69	2.07	3.58	20.06	-	-
Provision & Write-off of Bad Debts	-	-	5	-	-	-
Other Operating Activities	-714.53	-1,055	-573.45	-300.58	26	20.78
Change in Accounts Receivable	2.81	-0.08	0.54	-6.2	-	-
Change in Accounts Payable	17.93	10.1	13.51	-2.21	2.01	0.27
Change in Unearned Revenue	0.08	-	-	-0.25	-	0.25
Change in Other Net Operating Assets	163.83	150.25	94.99	-51.39	7.03	2.32
Operating Cash Flow	-17.33	-16.12	-40.02	-80.63	2.25	-0.01
Capital Expenditures	-0.53	-0.53	-1.74	-2.98	-0.48	-0.33
Sale (Purchase) of Intangibles	-	-2.2	9.3	-2.7	-0.15	-
Investment in Securities	-	-	-	-	-1.38	1.32
Investing Cash Flow	-0.53	-2.73	7.56	-5.68	-2.01	0.99
Long-Term Debt Issued	-	23.5	43.95	125.76	-	1.09
Long-Term Debt Repaid	-	-0.38	-	-	-	-
Net Debt Issued (Repaid)	17.62	23.12	43.95	125.76	-	1.09
Issuance of Common Stock	1.74	3.06	-	9.19	0.23	8.52
Common Dividends Paid	-	-	-	-	-2.71	-
Other Financing Activities	-4.43	-6.64	-14.93	-35.21	-7.97	-
Financing Cash Flow	14.93	19.54	29.02	99.74	-10.46	9.61
Net Cash Flow	-2.93	0.7	-3.45	13.42	-10.22	10.58
Free Cash Flow	-17.86	-16.65	-41.77	-83.62	1.77	-0.34
Free Cash Flow Margin	-181.94%	-91.22%	-1543.99%	-357.04%	12.09%	-2.48%
Free Cash Flow Per Share	-26.03	-116.34	-819.85	-5917.35	-	-
Cash Interest Paid	4.13	6.38	0.04	-	-	0.04
Levered Free Cash Flow	-1,213	1,090	-74.59	30.25	-22.02	-
Unlevered Free Cash Flow	-907.94	1,352	106.14	105.88	-5.12	-
Change in Working Capital	184.64	160.28	109.04	-60.04	9.04	2.83

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