MDU Resources Group, Inc. (MDU)

MDU Resources Group Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	190.4	281.11	414.71	367.49	378.13
Depreciation & Amortization	206.7	200.08	190.45	188.56	198.24
Other Amortization	-	1.83	1.01	0.89	0.93
Loss (Gain) From Sale of Assets	-	-0.86	-0.35	0.02	-6.42
Loss (Gain) From Sale of Investments	-	-5.94	-193.99	10.12	-6.1
Stock-Based Compensation	-	8.42	5.51	7.91	12.86
Provision & Write-off of Bad Debts	-	6.56	7.42	5.41	1.04
Other Operating Activities	76.3	-119.95	-91.28	-237.37	-114.21
Change in Accounts Receivable	-	-30.31	79.11	-91.19	-75.38
Change in Inventory	-	0.25	-21.73	0.24	0.14
Change in Accounts Payable	-	-0.44	-87.21	84.55	25.51
Change in Other Net Operating Assets	-	71.07	1.68	-15	-115.8
Operating Cash Flow	473.4	502.32	332.63	510.06	495.78
Operating Cash Flow Growth	-5.76%	51.02%	-34.79%	2.88%	-35.48%
Capital Expenditures	-792	-522.82	-484.14	-442.58	-485.2
Sale of Property, Plant & Equipment	-	0.69	0.26	0	14.59
Cash Acquisitions	-	-	-	-	-2.5
Investment in Securities	-	3.85	17.58	-2.57	-3.14
Other Investing Activities	11.1	-34.4	-74.49	-193.73	-409.63
Investing Cash Flow	-780.9	-552.69	-540.79	-638.88	-885.88
Short-Term Debt Issued	-	-	810	11.5	50
Long-Term Debt Issued	-	308.6	594.7	214.97	272.04
Total Debt Issued	-	308.6	1,405	226.47	322.04
Short-Term Debt Repaid	-	-95	-433.9	-	-100
Long-Term Debt Repaid	-	-182.14	-568.88	-38.76	-24.76
Total Debt Repaid	-	-277.14	-1,003	-38.76	-124.76
Net Debt Issued (Repaid)	-	31.47	401.92	187.71	197.29
Issuance of Common Stock	-	-	-	-	88.77
Repurchase of Common Stock	-	-2.62	-7.85	-12.3	-10.83
Common Dividends Paid	-	-102.94	-161.32	-176.92	-171.35
Dividends Paid	-	-102.94	-161.32	-176.92	-171.35
Other Financing Activities	268.8	114.39	-28.13	156.69	280.84
Financing Cash Flow	268.8	40.3	204.62	155.17	384.72
Net Cash Flow	-38.7	-10.07	-3.54	26.36	-5.39
Free Cash Flow	-318.6	-20.51	-151.51	67.48	10.58
Free Cash Flow Growth	-	-	-	537.83%	-94.97%
Free Cash Flow Margin	-16.99%	-1.17%	-8.40%	3.86%	0.31%
Free Cash Flow Per Share	-1.55	-0.10	-0.74	0.33	0.05
Cash Interest Paid	-	108.24	112.84	49.04	-
Cash Income Tax Paid	-	43.57	12.16	-27.88	36.3
Levered Free Cash Flow	-	83.32	-0.43	-182.06	-294.64
Unlevered Free Cash Flow	-	149.2	63.95	-132.52	-251.37
Change in Working Capital	-	40.57	-28.15	-21.4	-165.53

Updated Feb 5, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q