Morguard Corporation (TSX:MRC)

Morguard Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	178.9	239.63	58.24	112.25	256.62
Other Adjustments	84.46	12.21	230.63	168.17	-28.41
Changes in Other Operating Activities	-48.93	-1.65	9.03	-27.57	37.23
Operating Cash Flow	214.44	250.2	297.89	252.85	265.44
Operating Cash Flow Growth	-14.29%	-16.01%	17.81%	-4.74%	25.27%
Capital Expenditures	-223.83	-219.47	-337.83	-432.3	-178.79
Sale of Property, Plant & Equipment	6	571.33	3.07	354.07	40.71
Purchases of Investments	-	-	-8.19	20.7	-2.3
Proceeds from Sale of Investments	12.01	32.83	10.79	-	14.2
Other Investing Activities	-	-	-	-26.98	0.56
Investing Cash Flow	-205.82	384.68	-332.16	-84.51	-125.62
Short-Term Debt Issued	-	-	-	327.63	305.23
Short-Term Debt Repaid	-	-	-	-151.6	-454
Net Short-Term Debt Issued (Repaid)	-	-	-	176.03	-148.76
Long-Term Debt Issued	974.89	995.23	900.28	887.87	976.47
Long-Term Debt Repaid	-767.65	-1,547	-877.78	-1,186	-881.12
Net Long-Term Debt Issued (Repaid)	207.24	-551.36	22.49	-297.85	95.35
Repurchase of Common Stock	-5.25	-11.25	-21.31	-8.48	-1.01
Net Common Stock Issued (Repurchased)	-5.25	-11.25	-21.31	-8.48	-1.01
Common Dividends Paid	-8.52	-6.98	-6.49	-6.62	-6.59
Other Financing Activities	-152.89	-53.01	-50.97	-12.69	-40.78
Financing Cash Flow	38.62	-613.37	37.65	-234.49	-106.63
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-3.34	2.7	1.33	4.3	-1.63
Net Cash Flow	43.89	24.21	4.71	-61.85	31.57
Free Cash Flow	-9.39	30.72	-39.94	-179.44	86.66
Free Cash Flow Growth	-	-	-	-	-27.98%
FCF Margin	-0.85%	2.77%	-3.31%	-16.02%	8.48%
Free Cash Flow Per Share	-	2.84	-3.66	-	7.81
Levered Free Cash Flow	109.36	-510.68	-232.13	-458.92	54.79
Unlevered Free Cash Flow	102.44	186.5	40.8	-67.2	94.45

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