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Madison Air Solutions Corporation (MAIR)
NYSE: MAIR · Real-Time Price · USD
27.20
-0.86 (-3.06%)
Aug 20, 2026, 9:58 AM EDT - Market open

Madison Air Solutions Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23
Net Income
139.897175.258.2
Depreciation & Amortization
215.2190140.8148.2
Loss (Gain) From Sale of Assets
26.4-1.31-0.6
Loss (Gain) From Sale of Investments
-1.9-1.9-3.1-
Stock-Based Compensation
114.1110.7-11.56
Other Operating Activities
72.758.2-63.3-39.7
Change in Accounts Receivable
-128.3-23-55.8-23.8
Change in Inventory
-66.3-36.2-16.267.8
Change in Accounts Payable
61.740.251.915.2
Change in Unearned Revenue
42.252.920.1-1.2
Change in Other Net Operating Assets
0.4-6.6-18.77.4
Operating Cash Flow
476.7480.417.9288.1
Operating Cash Flow Growth
-2583.80%-93.79%-

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23
Capital Expenditures
-46.6-40.6-28.2-26.1
Sale of Property, Plant & Equipment
0.42.86.58.9
Cash Acquisitions
-10.8-2,301--
Investment in Securities
-80.5-60.7-14.8
Other Investing Activities
-2.1-90.11,145-3.5
Investing Cash Flow
-59.7-2,3481,062-35.5

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23
Short-Term Debt Issued
-95--
Long-Term Debt Issued
-1,733--
Total Debt Issued
-1,828--
Long-Term Debt Repaid
--226.7-27.8-28.6
Net Debt Issued (Repaid)
-2,8531,601-27.8-28.6
Issuance of Common Stock
2,668157.5--
Common Dividends Paid
-16.8-16.8-797.6-3
Other Financing Activities
-53-4.9-219.6-9.2
Financing Cash Flow
-308.61,737-1,045-40.8

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23
Foreign Exchange Rate Adjustments
--0.2-2.81.7
Miscellaneous Cash Flow Adjustments
----20.3
Net Cash Flow
108.4-131.532.5193.2

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23
Free Cash Flow
430.1439.8-10.3262
Free Cash Flow Growth
----
Free Cash Flow Margin
11.48%13.17%-0.39%10.25%
Levered Free Cash Flow
-365.34289.36-
Unlevered Free Cash Flow
-584.9473.86-

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23
Cash Interest Paid
418.3324.8292.9252.2
Cash Income Tax Paid
8787289.9104.1
Change in Working Capital
-90.327.3-18.765.4
SEC Filings: 10-K · 10-Q