Madison Air Solutions Corporation (MAIR)

Madison Air Solutions Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Net Income	97	175.2	58.2
Depreciation & Amortization	190	140.8	148.2
Loss (Gain) From Sale of Assets	-1.3	1	-0.6
Loss (Gain) From Sale of Investments	-1.9	-3.1	-
Stock-Based Compensation	110.7	-11.5	6
Other Operating Activities	58.2	-63.3	-39.7
Change in Accounts Receivable	-23	-55.8	-23.8
Change in Inventory	-36.2	-16.2	67.8
Change in Accounts Payable	40.2	51.9	15.2
Change in Unearned Revenue	52.9	20.1	-1.2
Change in Other Net Operating Assets	-6.6	-18.7	7.4
Operating Cash Flow	480.4	17.9	288.1
Operating Cash Flow Growth	2583.80%	-93.79%	-
Capital Expenditures	-40.6	-28.2	-26.1
Sale of Property, Plant & Equipment	2.8	6.5	8.9
Cash Acquisitions	-2,301	-	-
Investment in Securities	80.5	-60.7	-14.8
Other Investing Activities	-90.1	1,145	-3.5
Investing Cash Flow	-2,348	1,062	-35.5
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)	1,601	-27.8	-28.6
Issuance of Common Stock	157.5	-	-
Common Dividends Paid	-16.8	-797.6	-3
Other Financing Activities	-4.9	-219.6	-9.2
Financing Cash Flow	1,737	-1,045	-40.8
Foreign Exchange Rate Adjustments	-0.2	-2.8	1.7
Miscellaneous Cash Flow Adjustments	-	-	-20.3
Net Cash Flow	-131.5	32.5	193.2
Free Cash Flow	439.8	-10.3	262
Free Cash Flow Margin	13.17%	-0.39%	10.25%
Cash Interest Paid	324.8	292.9	252.2
Cash Income Tax Paid	87	289.9	104.1
Levered Free Cash Flow	365.34	289.36	-
Unlevered Free Cash Flow	584.9	473.86	-
Change in Working Capital	27.3	-18.7	65.4

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q