Mayville Engineering Company, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-8.1M | $26.0M | $7.8M | $18.7M | $-7.5M | $-7.1M | $-4.8M | $17.9M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $31.6M | $30.7M | $27.3M | $22.4M | $21.1M | $21.4M | $22.3M | $16.4M |
| Amortization | $9.7M | $6.9M | $7.7M | $7.0M | $10.7M | $10.7M | $10.7M | $4.1M |
| Stock-Based Compensation | $3.3M | $5.2M | $4.5M | $3.8M | $5.0M | $4.7M | $3.5M | — |
| Net Cash from Operating Activities | $38.6M | $89.8M | $40.4M | $52.4M | $14.5M | $36.5M | $33.4M | $36.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $11.6M | $12.1M | $16.6M | $58.6M | $39.3M | $7.8M | $25.8M | $17.9M |
| Business Acquisitions | $140.0M | — | $88.6M | — | — | — | $2.4M | $114.7M |
| Net Cash from Investing Activities | $-151.5M | $-11.7M | $-104.1M | $-50.7M | $-34.0M | $-5.8M | $-28.1M | $-132.6M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $4.6M | $5.9M | $2.7M | $4.9M | $2.2M | $2.5M | $2.6M | $7.8M |
| Net Cash from Financing Activities | $114.3M | $-78.6M | $64.3M | $-1.7M | $19.5M | $-30.6M | $-8.4M | $98.9M |
| Net Change in Cash | $1.3M | $-466.0K | $545.0K | $9.0K | $-3.0K | $120.0K | $-3.1M | $3.0M |
| Free Cash Flow | $26.9M | $77.7M | $23.8M | $-6.2M | $-24.9M | $28.7M | $7.6M | $18.8M |