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	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	111.4	111.54	99.4	185.28	239.56	244.97
Other Adjustments	-34.4	-46.68	-33.17	3.39	1.8	0.28
Change in Receivables	2.01	1.56	-2.49	-	-	-
Changes in Accounts Payable	-3.59	-0.75	5.36	-	-	-
Changes in Other Operating Activities	-4.12	-2.31	2.74	-0.85	-0.93	-1.72
Operating Cash Flow	90.09	87.76	86.14	88.97	75.17	63.7
Operating Cash Flow Growth	-11.04%	1.88%	-3.17%	18.35%	18.02%	27.07%
Capital Expenditures	-13.3	-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	-76.98	-71.3	-48.04	-209.01	-11.06	-31.3
Short-Term Debt Issued	145.1	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)	84.49	78.1	-87.65	78.02	-8.88	-76.42
Long-Term Debt Issued	166.13	245.54	318.97	240.9	212.63	194.21
Long-Term Debt Repaid	-186.31	-217.7	-172.8	-224.77	-175.88	-29
Net Long-Term Debt Issued (Repaid)	-20.18	27.84	146.17	16.13	36.75	165.21
Repurchase of Common Stock	-14.19	-24.34	-26.29	-23.53	-	-
Net Common Stock Issued (Repurchased)	-14.19	-24.34	-26.29	-23.53	-	-
Common Dividends Paid	-26.31	-26.32	-26.81	-26.95	-26.67	-26.56
Other Financing Activities	-5.06	-6.35	-11.3	-88.5	72.69	-90.3
Financing Cash Flow	19.98	49.14	-6.74	120.84	-78.88	-33.05
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0.89	-2.23	2.08	2.4	2.84	-0.09
Net Cash Flow	33.09	65.61	31.36	0.79	-14.77	-0.66
Free Cash Flow	76.78	16.47	38.1	-75.74	-145.92	33.68
Free Cash Flow Growth	366.35%	-56.79%	-	-	-	-23.75%
FCF Margin	21.89%	4.64%	11.07%	-22.84%	-52.40%	13.72%
Free Cash Flow Per Share	2.20	0.47	0.67	-1.29	-2.59	0.56
Levered Free Cash Flow	145.58	134.55	120.44	104.93	25.13	299.14
Unlevered Free Cash Flow	128.52	77.39	100.53	-13.91	-120.1	59.08