MARA Holdings, Inc. (MARA)

United States Steel Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	678.78	541.25	261.17	-694.02	-29.81	-10.45
Depreciation & Amortization	557.95	427.43	179.81	78.71	14.9	3.06
Other Amortization	2.71	2.71	3.17	26.73	-	-
Loss (Gain) From Sale of Assets	-	-	-	-83.88	-	-
Asset Writedown & Restructuring Costs	26.25	-	-	389.53	-	0.87
Loss (Gain) on Equity Investments	3.73	1.51	0.62	-	-	-
Stock-Based Compensation	181.17	157.64	32.64	24.6	160.79	1.18
Provision & Write-off of Bad Debts	8.38	8.38	-	-	-	-
Other Operating Activities	-1,324	-1,017	-380.86	258.43	-28.56	1.3
Change in Accounts Receivable	-9.32	-9.32	-	-	-	-
Change in Accounts Payable	13.2	13.2	-0.59	13.37	12.38	-0.02
Change in Other Net Operating Assets	-984.47	-802.51	-411.62	-189.93	-148.66	-3.71
Operating Cash Flow	-852.44	-677.02	-315.65	-176.48	-18.96	-7.77
Capital Expenditures	-842.7	-1,068	-186.55	-524.95	-708.92	-83.39
Sale of Property, Plant & Equipment	7.18	3.51	-	178.37	-	-
Cash Acquisitions	-96.12	-335.63	-	-	-	-
Sale (Purchase) of Intangibles	-2.63	-2.63	-	-	-	-
Investment in Securities	-35.09	-31.61	-71.8	-44.5	-3	-
Other Investing Activities	-1,902	-1,795	262.94	0.85	-149.22	2.1
Investing Cash Flow	-2,871	-3,229	4.6	-390.23	-891.14	-81.29
Short-Term Debt Issued	-	-	-	120	77.5	-
Long-Term Debt Issued	-	2,179	-	49.25	728.41	0.06
Total Debt Issued	2,329	2,179	-	169.25	805.91	0.06
Short-Term Debt Repaid	-	-	-	-	-77.5	-
Long-Term Debt Repaid	-	-247.51	-50	-120	-	-
Total Debt Repaid	-247.52	-247.51	-50	-120	-77.5	-
Net Debt Issued (Repaid)	2,081	1,931	-50	49.25	728.41	0.06
Issuance of Common Stock	1,337	1,852	608.37	361.49	313.64	229.63
Repurchase of Common Stock	-47.67	-37.4	-0.38	-0.08	-4.71	-
Other Financing Activities	207.15	207.15	-	-	-	-
Financing Cash Flow	3,577	3,953	555.86	410.66	1,037	229.69
Net Cash Flow	-146.55	46.46	244.81	-156.05	127.23	140.63
Free Cash Flow	-1,695	-1,745	-502.2	-701.43	-727.88	-91.16
Free Cash Flow Margin	-212.31%	-265.88%	-129.60%	-595.68%	-457.32%	-2092.33%
Free Cash Flow Per Share	-4.33	-5.60	-2.61	-6.18	-7.33	-1.12
Cash Interest Paid	0.77	0.68	7.39	11.43	-	-
Cash Income Tax Paid	1.94	1.15	0.72	0.01	-	-
Levered Free Cash Flow	201.09	380.33	-330.13	-380.89	-796.74	-229.48
Unlevered Free Cash Flow	219.09	385.74	-326.83	-375.47	-795.76	-229.47

Updated Jul 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q