TSX:MI.UN Cash Flow Statement

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

Millions CAD. 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	-361.48	-244.23	63.24	-116.66	225.4	94.16
Stock-Based Compensation	2.39	-0.17	-1.59	0.6	-2.25	0.14
Other Adjustments	445.34	331.35	32.27	207.93	-141.32	-24.02
Changes in Other Operating Activities	12	9.01	1.95	1.1	0.67	1.84
Operating Cash Flow	98.25	95.96	95.87	92.97	82.5	72.12
Operating Cash Flow Growth	4.13%	0.09%	3.12%	12.69%	14.39%	3.24%
Capital Expenditures	-91.12	-89.38	-80.32	-69.23	-95.51	-134.92
Sale of Property, Plant & Equipment	-	67.82	84.35	9.9	-	-
Other Investing Activities	20.3	38.21	12.25	-27.6	-30.17	-18.2
Investing Cash Flow	-70.9	16.65	16.28	-86.93	-125.69	-153.11
Short-Term Debt Issued	-	-	-	-	105.4	19.81
Short-Term Debt Repaid	41.96	12.5	-115.74	-16.92	-	-
Net Short-Term Debt Issued (Repaid)	41.96	12.5	-115.74	-16.92	105.4	19.81
Long-Term Debt Issued	61.45	71.12	120.35	324.27	43.98	49.56
Long-Term Debt Repaid	-26.67	-38.05	-23.86	-245.04	-30.2	-12.88
Net Long-Term Debt Issued (Repaid)	34.79	33.07	96.49	79.24	13.78	36.68
Issuance of Common Stock	-	-	-	25.77	-	82.73
Repurchase of Common Stock	-24.12	-73.75	-4.74	-	-2.76	-
Net Common Stock Issued (Repurchased)	-24.12	-73.75	-4.74	25.77	-2.76	82.73
Common Dividends Paid	-37.54	-42.49	-41.18	-37.77	-36.36	-32.6
Other Financing Activities	-42.63	-42.65	-44.85	-57.94	-34.4	-25.37
Financing Cash Flow	-23.25	-113.32	-110.01	-7.62	45.66	81.24
Net Cash Flow	4.1	-0.71	2.14	-1.58	2.47	0.24
Free Cash Flow	7.13	6.58	15.55	23.74	-13.02	-62.8
Free Cash Flow Growth	8.36%	-57.69%	-34.49%	-	-	-
FCF Margin	4.57%	4.26%	9.90%	15.03%	-9.05%	-50.83%
Free Cash Flow Per Share	0.16	0.18	0.24	0.36	-0.20	-1.05
Levered Free Cash Flow	-363.87	-279.03	-34.38	-122.47	249.74	17.57
Unlevered Free Cash Flow	4.1	3.6	12.14	20.6	-16.35	-64.43

Updated May 11, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.