MDU Resources Group, Inc. (MDU)

MDU Resources Group Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	189.25	190.4	281.11	414.71	367.49	378.13
Depreciation & Amortization	209.63	206.71	200.08	190.45	188.56	198.24
Stock-Based Compensation	6.84	6.56	8.42	5.51	7.91	12.86
Other Adjustments	13.67	-8.36	-18.33	-192.59	29.29	10.86
Change in Receivables	26.27	8.35	-30.31	79.11	-91.19	-75.38
Changes in Inventories	-2.95	4.34	0.25	-21.73	0.24	0.14
Changes in Accounts Payable	3.67	-9.62	-0.44	-87.21	84.55	25.51
Changes in Other Operating Activities	-41.51	74.71	71.07	1.68	-15	-115.8
Operating Cash Flow	405.1	473.37	502.32	332.63	510.06	495.78
Operating Cash Flow Growth	-26.97%	-5.76%	51.02%	-34.79%	2.88%	-35.48%
Capital Expenditures	-769.77	-770.39	-522.82	-484.14	-442.58	-485.2
Sale of Property, Plant & Equipment	-	-	0.69	0.26	0	14.59
Purchases of Investments	-3.66	-4.18	-5.16	-2.42	-2.57	-3.14
Proceeds from Sale of Investments	6.5	5	9	20	-	-
Payments for Business Acquisitions	-	-	-	-	-	-2.5
Other Investing Activities	-12.89	-11.28	-5.54	1.17	-11.78	-11.36
Investing Cash Flow	-777.32	-780.86	-552.69	-540.79	-638.88	-885.88
Short-Term Debt Issued	-	-	-	810	11.5	50
Short-Term Debt Repaid	-	-	-95	-433.9	-	-100
Net Short-Term Debt Issued (Repaid)	-	-	-95	376.1	11.5	-50
Long-Term Debt Issued	703.8	565.35	308.6	594.7	214.97	272.04
Long-Term Debt Repaid	-299.3	-179.47	-182.14	-568.88	-38.76	-24.76
Net Long-Term Debt Issued (Repaid)	404.5	385.88	126.47	25.82	176.21	247.29
Issuance of Common Stock	81.08	-0.08	-0.05	-	-0.15	88.77
Repurchase of Common Stock	-4.46	-4.48	-2.62	-7.85	-12.3	-10.83
Net Common Stock Issued (Repurchased)	76.62	-4.56	-2.67	-7.85	-12.45	77.94
Common Dividends Paid	-110.35	-108.24	-102.94	-161.32	-176.92	-171.35
Other Financing Activities	-4.8	-4.28	-2.46	-2.52	-1.13	-0.92
Financing Cash Flow	365.97	268.8	40.3	204.62	155.17	384.72
Net Cash Flow	-6.25	-38.69	-10.07	-3.54	26.36	-5.39
Free Cash Flow	-364.67	-297.03	-20.51	-151.51	67.48	10.58
Free Cash Flow Growth	-	-	-	-	537.83%	-94.97%
FCF Margin	-20.19%	-15.84%	-1.17%	-8.40%	3.86%	0.31%
Free Cash Flow Per Share	-1.77	-1.45	-0.10	-0.74	0.33	0.05
Levered Free Cash Flow	-7.19	82.02	60.7	415.68	370.96	198.31
Unlevered Free Cash Flow	-330.08	-230.82	-9.75	-182.75	6.56	-96.45

Updated May 7, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q