MEG - Cash Flow Statement - Montrose Environmental Group, Inc.

Millions

	Dec-2024	Dec-2023	Dec-2022	Dec-2021	Dec-2020	Dec-2019	Dec-2018
OPERATING CASH FLOW
Net Income	(62.3)	(30.9)	(31.8)	(25.3)	(57.9)	(23.6)	(16.5)
Depreciation & Amortization	64.3	56.0	56.8	53.0	37.3	27.7	23.9
Deferred Income Tax	4.3	(1.0)	2.2	1.7	0.9	(3.1)	(5.0)
Stock Based Compensation	64.7	47.3	43.3	10.3	4.8	4.3	5.8
Other Operating Activities	3.7	(1.6)	(26.8)	15.9	33.5	12.4	0.8
Change in Working Capital	(52.5)	(13.8)	(23.0)	(18.0)	(16.7)	(0.7)	(11.9)
Cash From Operations	22.2	56.0	20.6	37.6	1.9	17.0	(2.8)
INVESTING CASH FLOW
Capital Expenditures	(21.3)	(32.9)	(10.0)	(7.6)	(7.8)	(4.7)	(4.1)
Other Items	(116.7)	(68.7)	(28.7)	(64.1)	(172.0)	(82.3)	(46.2)
Cash From Investing Activities	(138.0)	(101.6)	(38.7)	(71.6)	(179.7)	(87.0)	(50.3)
FINANCING CASH FLOW
Common Stock Repurchased	0	(4.7)	0	0	(131.8)	0	(2.7)
Total Debt Repaid	53.9	(6.5)	(12.7)	(1.6)	24.4	0	(29.2)
Dividends Paid	(11.1)	(16.4)	(16.4)	(16.4)	(7.0)	0	0
Other Financing Activities	(58.7)	2.7	(11.1)	1.1	230.3	74.5	82.8
Cash From Financing Activities	106.0	(20.1)	(38.8)	146.1	205.9	74.5	50.9
CHANGE IN CASH
Net Change In Cash	(10.3)	(66.6)	(56.9)	111.9	28.0	4.4	(2.3)
FREE CASH FLOW
Free Cash Flow	0.9	23.1	10.6	30.0	(5.9)	12.3	(7.0)

Free