Studio City International Holdings Limited (MSC)

MSC Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-96.73	-133.52	-326.45	-252.56
Depreciation & Amortization	201.74	164.73	122.26	122.91
Other Amortization	6.65	7.52	6.1	6.19
Loss (Gain) From Sale of Assets	0.88	0.54	0.13	0.17
Asset Writedown & Restructuring Costs	-	-	-	1.5
Provision & Write-off of Bad Debts	0.16	-0.58	0.48	-0.07
Other Operating Activities	-8.11	-14.18	-34.86	-20.63
Change in Accounts Receivable	0.32	-2.03	-0.02	-0.09
Change in Inventory	8.43	-0.34	4.07	-1.79
Change in Accounts Payable	13.63	40.66	10.88	-6.02
Change in Other Net Operating Assets	62.92	-81.7	38.63	13.54
Operating Cash Flow	189.9	-18.89	-178.78	-136.84
Capital Expenditures	-86.76	-156.82	-452.13	-400.37
Sale of Property, Plant & Equipment	9.6	0.81	0.01	1.69
Sale (Purchase) of Intangibles	-	-	-	-4.11
Investment in Securities	-	-	-1.28	-4.45
Other Investing Activities	-31.31	-5.53	-	-
Investing Cash Flow	-108.46	-161.54	-453.4	-407.24
Long-Term Debt Issued	-	-	350	758.19
Long-Term Debt Repaid	-175.38	-100.37	-	-252.94
Net Debt Issued (Repaid)	-175.38	-100.37	350	505.25
Issuance of Common Stock	-	-	299.16	-
Other Financing Activities	-7.89	-0.53	-6.05	-33.74
Financing Cash Flow	-183.26	-100.9	643.11	471.51
Foreign Exchange Rate Adjustments	1.42	-0.15	-0.71	-3.37
Net Cash Flow	-100.41	-281.48	10.23	-75.94
Free Cash Flow	103.14	-175.72	-630.9	-537.21
Free Cash Flow Margin	16.14%	-39.44%	-5463.29%	-502.68%
Free Cash Flow Per Share	0.54	-0.91	-3.22	-5.80
Cash Interest Paid	134.95	113.42	87.89	84.14
Levered Free Cash Flow	113.68	-217.99	-541.85	-389.72
Unlevered Free Cash Flow	193.85	-139.87	-485.53	-334.33
Change in Working Capital	85.3	-43.41	53.56	5.64

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q