TSX:MRG.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	Jun '26 Jun 30, 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	107.48	111.54	99.4	185.28	239.56	244.97
Other Adjustments	2.76	-46.68	-33.17	3.39	1.8	0.28
Change in Receivables	-	1.56	-2.49	-	-	-
Changes in Accounts Payable	-	-0.75	5.36	-	-	-
Changes in Other Operating Activities	-2.6	-2.31	2.74	-0.85	-0.93	-1.72
Operating Cash Flow	90.2	87.76	86.14	88.97	75.17	63.7
Operating Cash Flow Growth	-11.96%	1.88%	-3.17%	18.35%	18.02%	27.07%
Capital Expenditures	-17.78	-71.3	-48.04	-164.71	-221.1	-30.01
Sale of Property, Plant & Equipment	-	-	-	-	250.86	-
Other Investing Activities	-	-	-	-	-	-1.29
Investing Cash Flow	-79.48	-71.3	-48.04	-209.01	-11.06	-31.3
Short-Term Debt Issued	153.1	144.1	33.25	258.66	74.79	63.94
Short-Term Debt Repaid	-60.62	-66	-120.9	-180.64	-83.66	-140.36
Net Short-Term Debt Issued (Repaid)	92.49	78.1	-87.65	78.02	-8.88	-76.42
Long-Term Debt Issued	370.33	245.54	318.97	240.9	212.63	194.21
Long-Term Debt Repaid	-297.77	-217.7	-172.8	-224.77	-175.88	-29
Net Long-Term Debt Issued (Repaid)	72.56	27.84	146.17	16.13	36.75	165.21
Repurchase of Common Stock	-3.38	-24.34	-26.29	-23.53	-	-
Net Common Stock Issued (Repurchased)	-3.38	-24.34	-26.29	-23.53	-	-
Common Dividends Paid	-26.41	-26.32	-26.81	-26.95	-26.67	-26.56
Other Financing Activities	-9.56	-6.35	-11.3	-88.5	72.69	-90.3
Financing Cash Flow	124.25	49.14	-6.74	120.84	-78.88	-33.05
Foreign Exchange Rate Adjustments	2.96	-2.23	2.08	2.4	2.84	-0.09
Net Cash Flow	134.97	65.61	31.36	0.79	-14.77	-0.66
Free Cash Flow	72.42	16.47	38.1	-75.74	-145.92	33.68
Free Cash Flow Growth	-17.79%	-56.79%	-	-	-	-23.75%
FCF Margin	20.72%	4.64%	11.07%	-22.84%	-52.40%	13.72%
Free Cash Flow Per Share	2.07	0.47	0.67	-1.29	-2.59	0.56
Levered Free Cash Flow	240.93	134.55	120.44	104.93	25.13	299.14
Unlevered Free Cash Flow	130.61	77.39	100.53	-13.91	-120.1	59.08