S.D. Standard ETC Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Net Income	3.5	-15.99	2.59	39.77	13.74	Upgrade
Loss (Gain) From Sale of Assets	-	0.37	-	-	-	Upgrade
Loss (Gain) From Sale of Investments	-5.47	64.47	12.04	-29.69	-8.22	Upgrade
Stock-Based Compensation	0.03	-0.01	0.19	0.53	-	Upgrade
Other Operating Activities	-5.31	-1.47	-2.79	-12.17	-6.67	Upgrade
Change in Accounts Receivable	-13.46	-4.47	-0.53	0.3	-0.37	Upgrade
Change in Accounts Payable	1.27	-1.76	2.24	-0.01	0.2	Upgrade
Operating Cash Flow	30.65	23.91	-22.9	2.09	-1.41	Upgrade
Operating Cash Flow Growth	28.21%	-	-	-	-	Upgrade
Capital Expenditures	-0.01	-	-	-	-	Upgrade
Other Investing Activities	2.81	1.5	1.52	12.39	6.58	Upgrade
Investing Cash Flow	2.81	1.5	1.52	12.39	6.58	Upgrade
Repurchase of Common Stock	-	-	-	-	-0.89	Upgrade
Common Dividends Paid	-	-9.5	-	-	-	Upgrade
Financing Cash Flow	-	-9.5	-	-	-0.89	Upgrade
Foreign Exchange Rate Adjustments	1.35	-0.7	0.63	-0.22	0.09	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	0.03	-	-	Upgrade
Net Cash Flow	34.81	15.21	-20.73	14.26	4.37	Upgrade
Free Cash Flow	30.64	23.91	-22.9	2.09	-1.41	Upgrade
Free Cash Flow Growth	28.19%	-	-	-	-	Upgrade
Free Cash Flow Margin	670.25%	-	-564.25%	4.96%	-9.50%	Upgrade
Free Cash Flow Per Share	0.06	0.04	-0.04	0.00	-0.00	Upgrade
Levered Free Cash Flow	12.01	-4.02	-12.35	26	8.44	Upgrade
Unlevered Free Cash Flow	12.14	-3.99	-12.35	26	8.44	Upgrade
Change in Working Capital	28.76	-31.39	-19.52	3.66	-0.26	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.