TSX:MHC.UN 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	115.67	103.52	65.1	42.68	60.01
Depreciation & Amortization	0.53	0.49	0.4	0.29	0.17
Stock-Based Compensation	1.66	1.17	0.71	0.43	0.27
Other Adjustments	-58.4	-54.86	-27.56	-11.75	-37.36
Changes in Other Operating Activities	-1.82	2.35	0.9	-0.62	1.73
Operating Cash Flow	57.64	52.67	39.55	31.03	24.82
Operating Cash Flow Growth	9.43%	33.16%	27.45%	25.02%	545.93%
Capital Expenditures	-26.99	-38.84	-22.31	-17.62	-7.57
Sale of Property, Plant & Equipment	1.8	2.53	3.08	1.84	1.47
Payments for Business Acquisitions	-79.88	-100.01	-32.52	-59.69	-158.11
Other Investing Activities	0.78	0.01	0.15	0.02	-2.42
Investing Cash Flow	-104.29	-136.31	-51.6	-75.45	-166.63
Short-Term Debt Issued	-3	-7	-	10	-
Net Short-Term Debt Issued (Repaid)	-3	-7	-	10	-
Long-Term Debt Issued	203.36	118.89	8	59.46	41.4
Long-Term Debt Repaid	-110.92	-49.04	-0.73	-0.59	-0.48
Net Long-Term Debt Issued (Repaid)	92.44	69.86	7.27	58.87	40.92
Issuance of Common Stock	-	57.08	21.86	-	121.59
Net Common Stock Issued (Repurchased)	-	57.08	21.86	-	121.59
Repurchase of Preferred Stock	-	-0.08	-0.08	-0.05	-
Net Preferred Stock Issued (Repurchased)	-	-0.08	-0.08	-0.05	-
Common Dividends Paid	-12.15	-10.78	-8.53	-7.6	-4.97
Preferred Share Dividends Paid	-3.49	-3.32	-3.13	-2.94	-2.78
Other Financing Activities	-24.66	-22.67	-14.45	-12.39	-9.01
Financing Cash Flow	49.14	83.09	2.94	45.89	145.76
Net Cash Flow	2.48	-0.55	-9.11	1.48	3.95
Free Cash Flow	30.65	13.83	17.24	13.42	17.26
Free Cash Flow Growth	121.64%	-19.80%	28.52%	-22.25%	484.55%
FCF Margin	29.64%	15.69%	24.27%	22.82%	40.06%
Free Cash Flow Per Share	-	0.58	0.83	0.68	1.13
Levered Free Cash Flow	176.83	130.37	51.35	93.6	95.26
Unlevered Free Cash Flow	26.77	11.12	16.39	12.94	16.79

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.