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Madison Air Solutions Corporation (MAIR)
NYSE: MAIR · Real-Time Price · USD
23.21
-1.32 (-5.38%)
Nov 10, 2026, 12:05 PM EST - 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
Sep '26 Dec '25 Dec '24 Dec '23
Net Income
202.497175.258.2
Depreciation & Amortization
214.6190140.8148.2
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
120110.7-11.56
Other Operating Activities
9.758.2-63.3-39.7
Change in Accounts Receivable
-195.9-23-55.8-23.8
Change in Inventory
-60.6-36.2-16.267.8
Change in Accounts Payable
132.440.251.915.2
Change in Unearned Revenue
38.352.920.1-1.2
Change in Other Net Operating Assets
-9.7-6.6-18.77.4
Operating Cash Flow
475.5480.417.9288.1
Operating Cash Flow Growth
-2583.80%-93.79%-

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23
Capital Expenditures
-48.4-40.6-28.2-26.1
Sale of Property, Plant & Equipment
0.52.86.58.9
Cash Acquisitions
--2,301--
Investment in Securities
-80.5-60.7-14.8
Other Investing Activities
--90.11,145-3.5
Investing Cash Flow
-48.5-2,3481,062-35.5

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023
Period Ending
Sep '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)
-2,8421,601-27.8-28.6
Issuance of Common Stock
4,918157.5--
Common Dividends Paid
-16.8-16.8-797.6-3
Other Financing Activities
-75.2-4.9-219.6-9.2
Financing Cash Flow
1,9271,737-1,045-40.8

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23
Foreign Exchange Rate Adjustments
0.1-0.2-2.81.7
Miscellaneous Cash Flow Adjustments
----20.3
Net Cash Flow
2,354-131.532.5193.2

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23
Free Cash Flow
427.1439.8-10.3262
Free Cash Flow Growth
----
Free Cash Flow Margin
10.75%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
Sep '26 Dec '25 Dec '24 Dec '23
Cash Interest Paid
384.1324.8292.9252.2
Cash Income Tax Paid
8787289.9104.1
Change in Working Capital
-95.527.3-18.765.4
SEC Filings: 10-K · 10-Q