Martinrea International Cash Flow Statement

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

Millions CAD. 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	106.99	-34.55	153.67	132.84	35.88
Depreciation & Amortization	313.12	346.55	320.44	285.64	248.22
Stock-Based Compensation	0.71	0.23	0.44	0.77	1.22
Other Adjustments	-11.47	144.77	-45.12	18.68	-35.57
Change in Receivables	14.48	130.34	89.9	-116.07	-57.15
Changes in Inventories	21.29	90.59	89.04	-45.01	-109.53
Changes in Accounts Payable	-7.08	-246.42	-99.3	172.1	100.23
Changes in Other Operating Activities	-7.54	1.78	2.02	-11.17	-3.28
Operating Cash Flow	430.49	433.29	511.09	437.78	180.03
Operating Cash Flow Growth	-0.65%	-15.22%	16.75%	143.17%	-49.29%
Capital Expenditures	-237.71	-275.52	-295.29	-376.44	-290.23
Sale of Property, Plant & Equipment	0.87	5.38	2.38	3.36	0.94
Purchases of Intangible Assets	-9.18	-7.23	-8.24	-7.38	-8.53
Payments for Business Acquisitions	-1.75	-	-	-	-
Other Investing Activities	-9.56	-8.13	-2.62	-0.82	-8.04
Investing Cash Flow	-257.35	-285.5	-303.76	-381.27	-305.86
Long-Term Debt Issued	-	-	-	37.49	197.29
Long-Term Debt Repaid	-86.02	-38.91	-88.75	-22.14	-18.3
Net Long-Term Debt Issued (Repaid)	-86.02	-38.91	-88.75	15.36	179
Issuance of Common Stock	-	0.27	0.26	0.17	0.75
Repurchase of Common Stock	-8.01	-61.28	-29.07	-	-
Net Common Stock Issued (Repurchased)	-8.01	-61.01	-28.81	0.17	0.75
Common Dividends Paid	-14.56	-15.19	-15.96	-16.08	-16.07
Other Financing Activities	-56.89	-52.33	-47.2	-41.17	-33.75
Financing Cash Flow	-165.48	-167.43	-180.72	-41.72	129.93
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-1.47	0.79	-1.47	-6.42	-3.6
Net Cash Flow	6.19	-18.85	25.15	8.36	0.51
Free Cash Flow	192.77	157.76	215.81	61.34	-110.2
Free Cash Flow Growth	22.19%	-26.90%	251.82%	-	-
FCF Margin	4.00%	3.15%	4.04%	1.29%	-2.91%
Free Cash Flow Per Share	2.65	2.09	2.71	0.76	-1.37
Levered Free Cash Flow	103.04	-156.48	81.83	173.32	160.29
Unlevered Free Cash Flow	250.96	-164.86	226.67	191.34	-6.82

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