Merchants Bancorp (MBIN) 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 | -780.42M | -192.59M | 29.77M | -121.15M | 148.04M | -9.98M | -492.65M | 51.12M | -383.77M | 714.37M | -549.71M | -241.49M | -301.53M | -858.14M | 959.14M | -420.86M | 1.3B | 338.62M | -658.45M | -25.18M |
| Operating CF Growth % | -627.17% | -1830.35% | 106.04% | -337% | 138.57% | -101.4% | 10.38% | 121.17% | -27.27% | 183.25% | -157.31% | 42.62% | -123.27% | -353.42% | 245.67% | -1571.52% | 338.02% | 1.58% | -186.33% | 97.71% |
| Net Income | 67.73M | 67.85M | 54.7M | 37.98M | 58.24M | 95.67M | 61.27M | 76.39M | 87.05M | 77.47M | 81.5M | 65.3M | 54.95M | 57.16M | 58.49M | 53.94M | 50.14M | 55.2M | 58.5M | 51.42M |
| Depreciation & Amortization | 0 | 0 | 765K | 770K | 770K | 760K | 783K | 746K | 725K | 733K | 734K | 699K | 686K | 653K | 628K | 613K | 591K | 575K | 555K | 557K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -856.38M | -263.79M | -16.01M | -135.55M | 54.98M | -84.27M | -327.02M | -95K | -395.93M | 291.01M | -440.38M | -197.22M | -313.79M | -853.05M | 685.41M | -484.58M | 1.01B | 222.65M | -539.19M | -35.59M |
| Working Capital Changes | 8.23M | 3.35M | -9.7M | -24.36M | 34.05M | -22.14M | -227.69M | -25.93M | -75.62M | 345.15M | -191.57M | -110.26M | -43.39M | -62.9M | 214.62M | 9.18M | 237.66M | 60.2M | -178.31M | -41.56M |
| Cash from Investing | -152.16M | -192.62M | -181.13M | -26.33M | -903K | -43.51M | 181.41M | -317.15M | -695.02M | -889.04M | 7.46M | -1.24B | -1.12B | 187.09M | -1.7B | -1.1B | -247.15M | -360.38M | 51.79M | 29.03M |
| Purchase of Investments | -204.34M | -392.54M | 379.74M | -197.29M | -182.43M | -292.92M | -231.35M | -270.43M | -198.11M | -891.44M | -123.68M | -229.41M | -359.37M | -220.11M | -1.04B | -34.51M | -26.58M | -25.03M | -75.55M | -128.32M |
| Sale/Maturity of Investments | 517.72M | 334.51M | 141.59M | 260.91M | 247.45M | 323.99M | 351.58M | 190.58M | 270.62M | 188.69M | 201.48M | 292.46M | 16.61M | 134.95M | 11.93M | 2.9M | 9.3M | 13.61M | 79.06M | 56M |
| Net Investment Activity | 313.38M | -58.03M | 521.33M | 63.62M | 65.03M | 31.07M | 120.24M | -79.84M | 72.5M | -702.75M | 77.8M | 63.05M | -342.75M | -85.16M | -1.03B | -31.61M | -17.28M | -11.42M | 3.51M | -72.32M |
| Acquisitions | -974K | -8.79M | 0 | 0 | 0 | 0 | 0 | 725K | -171.32M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -463.3M | -120.45M | -713.81M | -85.45M | -59.07M | -68.3M | 65.7M | -232.75M | -593.9M | -182.22M | -69.82M | -1.3B | -776.38M | 272.84M | -671.55M | -1.07B | -225.93M | -348.59M | 48.88M | 102.04M |
| Cash from Financing | 803.59M | -620K | 102.23M | 273.35M | -102.45M | -71.81M | 372.26M | 298.16M | 1B | 351.85M | 572.18M | 1.49B | 1.57B | 573.25M | 804.74M | 1.37B | -1.67B | 251.79M | 1.01B | 128.75M |
| Dividends Paid | -15.32M | -14.86M | -14.85M | -14.85M | -14.85M | -14.85M | -11.88M | -11.88M | -12.57M | -12.13M | -12.13M | -12.13M | -12.13M | -11.81M | -8.75M | -8.75M | -8.76M | -8.32M | -8.32M | -8.39M |
| Share Repurchases | -3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -45M | 0 | 0 |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45M | 0 | 0 |
| Net Stock Activity | -3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K |
| Other Financing | -108.98M | -923.83M | 1.22B | 280.67M | 296.98M | -971.91M | -2.03B | 987.02M | 144.04M | 1.05B | -52.73M | 1.71B | 1.27B | -248.13M | 2.02B | 823.92M | -1.51B | 35.29M | 907.74M | -23.6M |
| Net Change in Cash | -128.99M | -385.83M | -49.13M | 125.87M | 44.69M | -125.3M | 61.02M | 32.13M | -75.67M | 177.18M | 29.93M | 7.72M | 143.42M | -97.8M | 65.81M | -153.38M | -621.09M | 230.04M | 400.53M | 132.61M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 212.2M | 598.04M | 647.16M | 521.3M | 476.61M | 601.91M | 540.88M | 508.75M | 584.42M | 407.24M | 377.31M | 369.59M | 226.16M | 323.96M | 258.15M | 411.52M | 1.03B | 802.58M | 402.05M | 269.44M |
| Cash at End | 83.22M | 212.2M | 598.04M | 647.16M | 521.3M | 476.61M | 601.91M | 540.88M | 508.75M | 584.42M | 407.24M | 377.31M | 369.59M | 226.16M | 323.96M | 258.15M | 411.52M | 1.03B | 802.58M | 402.05M |
| Interest Paid | 0 | 176.76M | 171.22M | 175.38M | 169.56M | 206.96M | 210.62M | 192.72M | 178.75M | 193.77M | 177.4M | 137.14M | 101.38M | 76.45M | 38.73M | 14.96M | 10.23M | 10.85M | 8.43M | 7.65M |
| Income Taxes Paid | 0 | -95K | 6.64M | 37.92M | 3.18M | 20.82M | 12.72M | 45.26M | 783K | 17.31M | 20.26M | 28.85M | 966K | 19.33M | 18.84M | 0 | 0 | 21.07M | 16.02M | 41.1M |
| Free Cash Flow | -781.56M | -196.39M | 11.13M | -125.72M | 141.18M | -16.25M | -497.17M | 45.84M | -386.08M | 710.3M | -550.23M | -243.39M | -302.57M | -858.73M | 958.08M | -422.03M | 1.29B | 338.25M | -659.04M | -25.86M |
| FCF Growth % | -653.6% | -1108.42% | 102.24% | -374.29% | 136.57% | -102.29% | 9.64% | 118.83% | -27.6% | 182.72% | -157.43% | 42.33% | -123.46% | -353.87% | 245.37% | -1531.98% | 338.97% | 2.15% | -186.45% | 97.65% |