Titan America Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	178.46	166.07	155.24	62.72	59.22
Depreciation & Amortization	106.14	95.4	86.72	87.73	81.73
Other Amortization	4.54	4.54	4.36	-	-
Other Operating Activities	25.88	25.54	23.13	33.56	38.73
Change in Accounts Receivable	7.14	7.14	-0.6	-7.58	-13.88
Change in Inventory	-37.65	-37.65	-9.19	-40.64	-17.85
Change in Accounts Payable	-16.08	-16.08	-29.53	57.27	16.16
Change in Other Net Operating Assets	-0.15	3.08	-3.01	-14.69	-17.41
Operating Cash Flow	265.72	248.04	227.13	178.37	146.7
Operating Cash Flow Growth	-5.72%	9.21%	27.33%	21.59%	-
Capital Expenditures	-141.29	-135.42	-117.14	-125.37	-62.27
Sale of Property, Plant & Equipment	0.85	-	0.14	0.26	0.69
Sale (Purchase) of Intangibles	-3.66	-1.59	-1.6	-2.9	-9.19
Investment in Securities	5.37	-	-	0.27	-
Other Investing Activities	3.72	1.21	0.95	0.44	0.47
Investing Cash Flow	-135.01	-135.8	-117.65	-127.3	-70.3
Short-Term Debt Issued	-	85.22	45.54	95.24	0.13
Long-Term Debt Issued	-	60	35	115	44.76
Total Debt Issued	76.25	145.22	80.54	210.24	44.89
Short-Term Debt Repaid	-	-39.7	-37.84	-96.71	-92.02
Long-Term Debt Repaid	-	-44.49	-117.15	-94.15	-21.51
Total Debt Repaid	-77.91	-84.19	-154.99	-190.86	-113.53
Net Debt Issued (Repaid)	-1.66	61.03	-74.45	19.38	-68.64
Repurchase of Common Stock	-51.59	-51.59	-	-	-82.37
Common Dividends Paid	-85.07	-85.07	-33.79	-	-
Other Financing Activities	48.22	-47.7	-9.54	-41.04	-46.13
Financing Cash Flow	53.9	-123.33	-117.78	-21.66	-197.14
Foreign Exchange Rate Adjustments	-1.13	1.18	0.5	0.23	-0.53
Net Cash Flow	183.49	-9.91	-7.81	29.64	-121.26
Free Cash Flow	124.43	112.62	109.98	53	84.43
Free Cash Flow Growth	-13.28%	2.40%	107.51%	-37.23%	-
Free Cash Flow Margin	7.55%	6.89%	6.91%	3.89%	7.33%
Free Cash Flow Per Share	0.69	0.64	0.63	0.30	0.48
Cash Interest Paid	29.11	25.38	23.78	20.93	20.87
Cash Income Tax Paid	56.25	67.94	53.12	5.31	-2.01
Levered Free Cash Flow	75.8	67.36	57.23	-	-
Unlevered Free Cash Flow	90.67	83.01	65.49	-	-
Change in Working Capital	-46.74	-43.52	-42.33	-5.64	-32.98

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q