Mayville Engineering Company, Inc. (MEC) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -2.76M | 13.38M | 1.87M | 14.97M | 8.33M | 37.96M | 17.95M | 23.27M | 10.63M | 26.67M | 19.56M | 178K | -6.04M | 19.11M | 17.63M | 16.11M | -425K | 1.66M | -5.44M | 14.04M |
| Operating CF Margin % | -1.9% | 9.97% | 1.3% | 11.32% | 6.15% | 31.29% | 13.26% | 14.22% | 6.59% | 17.95% | 12.36% | 0.13% | -4.24% | 14.87% | 12.94% | 11.64% | -0.31% | 1.47% | -4.99% | 11.68% |
| Operating CF Growth % | -133.07% | -64.75% | -89.56% | -35.66% | -21.57% | 42.35% | -8.25% | 12975.84% | 275.82% | 39.54% | 10.95% | -98.89% | -1321.88% | 1048.5% | 424.28% | 14.77% | -110.13% | -90.34% | -133.6% | 2836.4% |
| Net Income | -8.18M | -4.36M | -2.67M | -1.1M | 20K | 15.97M | 2.97M | 3.78M | 3.24M | 2.23M | 1.43M | 1.61M | 2.57M | 2.38M | 6.59M | 5.93M | 3.82M | -13.56M | 275K | 3.29M |
| Depreciation & Amortization | 7.82M | 7.94M | 11.14M | 9.6M | 9.48M | 9.46M | 4.06M | 9.39M | 9.25M | 9.58M | 9.61M | 8.01M | 7.88M | 7.75M | 7.11M | 7.25M | 7.21M | 8.23M | 7.96M | 7.84M |
| Stock-Based Compensation | 795K | 325K | 0 | 1.01M | 1.1M | 1.34M | 1.35M | 1.34M | 1.16M | 730K | 1.33M | 1.35M | 1.07M | 905K | 140K | 1.46M | 1.26M | 1.19M | 1.18M | 1.39M |
| Deferred Taxes | -3.31M | -3.92M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 118K |
| Other Non-Cash Items | 9.13M | 5.6M | 4.12M | 1.86M | 1.52M | 5.15M | 7.05M | 1.81M | 1.34M | 628K | 1.41M | -16.13M | 1.11M | 2.61M | -2.03M | -2.64M | -1.8M | 15.54M | -1.3M | 85K |
| Working Capital Changes | -9.02M | 7.79M | -10.7M | 3.6M | -3.79M | 6.04M | 2.51M | 6.96M | -4.37M | 13.5M | 5.77M | 5.32M | -18.67M | 5.46M | 5.82M | 4.12M | -10.91M | -9.74M | -13.55M | 1.31M |
| Change in Receivables | -10.6M | 11.4M | -3.76M | 6.57M | -8.17M | 4.75M | 13.78M | 2.45M | -12.87M | 14.61M | 4.25M | 5.19M | -16.27M | 9.46M | 4.01M | 1.11M | -17.09M | 4.14M | -478K | -1.77M |
| Change in Inventory | -7.36M | 1.62M | -3.52M | 1.91M | -914K | 6.61M | -6.54M | 5.21M | 1.92M | 5.62M | 2.98M | 2.09M | 2.75M | 3.13M | -729K | -1.72M | -2.32M | -6.86M | -12.05M | -4.79M |
| Change in Payables | 10.19M | -1.6M | 2.57M | -3.05M | 10.44M | -8.53M | -5.86M | -336K | 6.73M | -5.3M | -1.07M | -771K | -2.29M | -880K | 966K | -1.25M | 10.53M | -1.98M | -505K | 6.6M |
| Cash from Investing | -4.18M | -3.06M | -143.07M | -2.44M | -2.96M | -2.07M | -2.88M | -4.1M | -2.67M | -6.48M | -91.49M | -3.91M | -2.25M | -19.6M | -9.95M | -8.5M | -12.62M | -12.72M | -4.67M | -11.32M |
| Capital Expenditures | -4.18M | -3.22M | -3.02M | -2.45M | -2.96M | -2.35M | -2.88M | -4.1M | -2.77M | -6.78M | -3.49M | -3.91M | -2.41M | -19.8M | -12.46M | -13.37M | -12.98M | -12.72M | -9.6M | -11.43M |
| CapEx % of Revenue | 2.89% | 2.4% | 2.09% | 1.85% | 2.18% | 1.93% | 2.13% | 2.5% | 1.72% | 4.57% | 2.21% | 2.81% | 1.69% | 15.41% | 9.14% | 9.67% | 9.53% | 11.26% | 8.81% | 9.51% |
| Acquisitions | 0 | 111K | -140.05M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 110K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 5K | 47K | 0 | 3K | 3K | 278K | 1K | 0 | 107K | 306K | -87.99M | 0 | 153K | 206K | 2.51M | 4.87M | 359K | 0 | 4.93M | 0 |
| Cash from Financing | 7.5M | -10.04M | 142.21M | -12.51M | -5.4M | -35.87M | -15.21M | -19.18M | -8.31M | -21.82M | -15.89M | 93.73M | 8.3M | 500K | -7.67M | -7.62M | 13.05M | 11.05M | 10.11M | -2.72M |
| Debt Issued (Net) | 9.07M | -9.22M | 143.24M | -8.69M | -2.48M | -31.95M | -11.15M | -18.1M | -7.98M | -21.82M | -14.94M | 95.98M | 8.96M | 500K | -5.05M | -7.62M | 15.37M | 12.55M | 10.71M | -2.78M |
| Equity Issued (Net) | 0 | -1K | 0 | -2.86M | -1.75M | -3.9M | -998K | -998K | 0 | 0 | -1M | -1M | -661K | 0 | -2.62M | 0 | -2.32M | -1.5M | -653K | 80K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -2.86M | -1.75M | -3.9M | -998K | -998K | 0 | 0 | -1M | -1M | -661K | 0 | -2.62M | 0 | -2.32M | -1.5M | -653K | 0 |
| Other Financing | -1.57M | -817K | -1.03M | -958K | -1.17M | -13K | -3.06M | -75K | -338K | 1K | 42K | -1.25M | 0 | 0 | 0 | 0 | 0 | 0 | 60K | -27K |
| Net Change in Cash | 564K | 285K | 1.01M | 23K | -23K | 28K | -136K | 0 | -358K | -1.63M | -87.82M | 90M | -1K | 15K | 7K | -15K | 2K | -9K | 8K | -5K |
| Free Cash Flow | -6.94M | 10.16M | -1.15M | 12.53M | 5.37M | 35.62M | 15.07M | 19.18M | 7.85M | 19.88M | 16.07M | -3.73M | -8.45M | -691K | 5.17M | 2.74M | -13.4M | -11.06M | -15.04M | 2.61M |
| FCF Margin % | -4.79% | 7.57% | -0.8% | 9.47% | 3.96% | 29.36% | 11.13% | 11.72% | 4.87% | 13.38% | 10.15% | -2.69% | -5.92% | -0.54% | 3.8% | 1.98% | -9.84% | -9.79% | -13.79% | 2.17% |
| FCF Growth % | -229.21% | -71.46% | -107.62% | -34.67% | -31.58% | 79.12% | -6.22% | 613.55% | 192.89% | 2977.42% | 210.53% | -236.43% | 36.95% | 93.75% | 134.4% | 4.91% | -881.98% | -174.75% | -203.87% | 426.94% |
| FCF per Share | -0.34 | 0.50 | -0.06 | 0.61 | 0.26 | 1.69 | 0.71 | 0.91 | 0.38 | 0.96 | 0.78 | -0.18 | -0.41 | -0.03 | 0.25 | 0.13 | -0.65 | -0.53 | -0.72 | 0.13 |
| FCF Conversion (FCF/Net Income) | 0.34x | -3.07x | -0.70x | -13.65x | 416.65x | 2.38x | 6.03x | 6.15x | 3.28x | 11.97x | 13.66x | 0.11x | -2.35x | 8.03x | 2.67x | 2.72x | -0.11x | -0.12x | -19.77x | 4.26x |
| Interest Paid | 0 | 0 | 0 | 1.63M | 1.58M | 2.23M | 0 | 3.48M | 2.09M | 3.46M | 3.83M | 3.27M | 112K | 1.91M | 762K | 562K | 437K | 542K | 503K | 512K |
| Taxes Paid | 0 | 0 | 0 | 1.72M | 586K | 165K | 409K | 794K | 2K | 5K | 230K | 278K | 0 | 64K | 190K | 450K | 0 | 480K | 352K | 716K |