Ramaco Resources, Inc. (METCB)

Ramaco Resources 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-32.88	11.19	82.31	116.04	39.76	-4.91
Depreciation & Amortization	69.99	67.08	55.66	42.31	26.82	21.48
Other Amortization	1.85	0.93	0.78	0.49	0.21	0.06
Loss (Gain) From Sale of Assets	-	-0.02	-	-1.36	-	-
Stock-Based Compensation	17.06	17.47	12.91	8.22	5.26	4.14
Other Operating Activities	-8.19	1.68	8.52	29.23	-0.76	-11.95
Change in Accounts Receivable	19.29	23.28	-55.69	3.28	-24.15	-1.04
Change in Inventory	-28.52	-6.2	7.81	-29.18	-3.84	3.31
Change in Accounts Payable	-11.06	-4.83	24.55	12.73	-1.82	2.75
Change in Other Net Operating Assets	8.49	2.08	24.2	6.11	11.87	-0.54
Operating Cash Flow	36.02	112.67	161.04	187.87	53.34	13.31
Operating Cash Flow Growth	-74.00%	-30.04%	-14.28%	252.21%	300.69%	-68.59%
Capital Expenditures	-65.45	-70.34	-84.04	-135.81	-59.61	-24.75
Cash Acquisitions	-	-	1.18	-11.9	-	-
Sale (Purchase) of Intangibles	-3.12	0.26	-	2	-	-
Other Investing Activities	-0.31	-0.76	10.65	-	-	-
Investing Cash Flow	-68.88	-70.84	-72.21	-145.71	-59.61	-24.75
Long-Term Debt Issued	-	199	130	42	54.37	58.49
Total Debt Issued	179.43	199	130	42	54.37	58.49
Long-Term Debt Repaid	-	-206.6	-174.17	-46.09	-28.24	-45.6
Total Debt Repaid	-143.76	-206.6	-174.17	-46.09	-28.24	-45.6
Net Debt Issued (Repaid)	35.67	-7.6	-44.17	-4.09	26.13	12.89
Issuance of Common Stock	189.8	0.53	-	0.11	-	-
Repurchase of Common Stock	-4.23	-10.58	-7.32	-3.18	-0.54	-0.22
Common Dividends Paid	-4.47	-24.6	-25.82	-20.04	-	-
Dividends Paid	-4.47	-24.6	-25.82	-20.04	-	-
Other Financing Activities	-12.94	-8.54	-5.21	-1.29	-3.22	-1.38
Financing Cash Flow	203.83	-50.79	-82.52	-28.5	22.37	11.29
Net Cash Flow	170.98	-8.96	6.31	13.67	16.1	-0.16
Free Cash Flow	-29.43	42.33	77	52.06	-6.27	-11.44
Free Cash Flow Growth	-	-45.03%	47.90%	-	-	-
Free Cash Flow Margin	-5.08%	6.35%	11.10%	9.20%	-2.21%	-6.77%
Free Cash Flow Per Share	-0.54	0.79	1.59	1.17	-0.14	-0.27
Cash Interest Paid	4.76	4.76	8.11	6	1.6	1.1
Cash Income Tax Paid	1.23	1.23	-10.99	15.5	0.01	0.02
Levered Free Cash Flow	-20.81	40.38	30.1	5.54	-20.54	-9
Unlevered Free Cash Flow	-17.09	43.28	34.89	9.32	-19.16	-8.29
Change in Working Capital	-11.8	14.34	0.87	-7.07	-17.95	4.49

Updated Oct 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q