Magnera Corp placeholder (MAGN) Cash Flow Statement
Where MAGN’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $103.0M −46.4% vs 2024
- Capital expenditures
- $67.0M 2.1% of revenue
- Free cash flow
- $36.0M 1.1% margin
- Returned to shareholders
- $1.11B 3,086% of free cash flow
- Change in cash
- $250.4M cash at year-end $305.0M
Drawn to scale: where the cash came from and how it was used. Hover for values.
MAGN operating cash flow, capex and free cash flow
MAGN cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $31.1M2016 | $103.0M2025 | +14.2%/yr | |
| Capital expenditures | $61.2M2016 | $67.0M2025 | +1.0%/yr | |
| Free cash flow | −$30.1M2016 | $36.0M2025 | — | |
| Free cash flow margin | −4.0%2016 | 1.1%2025 | +5.1 pts | |
| Operating cash flow / net income | 5.242020 | 10.562021 | +5.32 | |
| Stock-based compensation | $5.5M2016 | $19.0M2025 | +14.8%/yr | |
| Dividends paid | $21.6M2016 | $1.11B2025 | +54.9%/yr | |
| Capex / revenue | 8.0%2016 | 2.1%2025 | −5.9 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MAGN cash flow by activity
MAGN net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
MAGN cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$159.0M | −$154.0M | −$78.1M | −$194.1M | $6.7M | $20.8M | −$21.5M | −$177.6M | −$5.6M | −$14.2M |
| Depreciation & amortization | $206.0M | $175.0M | $63.2M | $66.7M | $61.4M | — | — | — | — | — |
| Stock-based compensation | $19.0M | $7.0M | $2.8M | $831,000 | $5.1M | $5.7M | $3.6M | $6.3M | $5.5M | $5.5M |
| Change in working capital | −$8.0M | −$41.0M | −$26.4M | −$83.1M | $15.6M | $27.9M | $21.7M | −$49.5M | −$1.7M | $37.4M |
| Other non-cash items | $45.0M | $205.0M | $12.8M | $168.9M | −$17.8M | $54.7M | $99.1M | $214.9M | $55.0M | $2.4M |
| Cash from operating activities | $103.0M | $192.0M | −$25.6M | −$40.8M | $71.0M | $109.0M | $102.8M | −$6.0M | $53.2M | $31.1M |
| Investing activities | ||||||||||
| Capital expenditures | −$67.0M | −$72.0M | −$33.8M | −$37.7M | −$30.0M | −$28.1M | −$27.8M | −$42.1M | −$80.8M | −$61.2M |
| Investments (net) | — | — | −$37.1M | −$33.1M | −$489.8M | −$26.8M | — | — | — | — |
| Acquisitions & other investing | $59.0M | $33.0M | $33.8M | $37.7M | $30.0M | $28.1M | $652,000 | −$175.5M | −$25,000 | −$771,000 |
| Cash from investing activities | −$8.0M | −$39.0M | −$37.1M | −$33.1M | −$489.8M | −$26.8M | −$27.1M | −$217.6M | −$80.8M | −$61.9M |
| Financing activities | ||||||||||
| Dividends paid | −$1.11B | — | $0 | −$18.8M | −$24.5M | −$23.5M | −$22.9M | −$22.8M | −$22.5M | −$21.6M |
| Net borrowing (repayment) | — | — | $11.0M | $68.2M | $497.3M | −$76.6M | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $1.09B | −$109.0M | −$11.9M | −$2.5M | −$10.5M | −$176,000 | −$49.8M | −$68.7M | $99.2M | $15.0M |
| Cash from financing activities | −$21.0M | −$109.0M | −$949,000 | $46.9M | $462.4M | −$100.3M | −$72.8M | −$91.4M | $76.7M | −$6.6M |
| Summary | ||||||||||
| Net change in cash | $250.4M | $45.0M | −$59.7M | −$26.2M | $40.9M | −$26.6M | −$16.5M | $26.5M | $60.8M | −$49.9M |
| Cash at end of period | $305.0M | $230.0M | $54.6M | $114.3M | $140.4M | $99.6M | $126.2M | $142.7M | $116.2M | $55.4M |
| Free cash flow | $36.0M | $120.0M | −$59.4M | −$78.6M | $40.9M | $80.9M | $75.1M | −$48.1M | −$27.5M | −$30.1M |
| Free cash flow margin | 1.1% | 5.5% | −4.3% | −5.3% | 3.8% | 8.8% | 8.1% | −5.6% | −3.4% | −4.0% |
| Capex / revenue | 2.1% | 3.3% | 2.4% | 2.5% | 2.8% | 3.1% | 3.0% | 4.9% | 10.1% | 8.0% |
| Operating cash flow / net income | — | — | — | — | 10.56 | 5.24 | — | — | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$20.0M | −$18.0M | −$34.0M | −$40.0M | −$18.0M | −$41.0M | −$60.0M | −$20.0M | −$15.8M | −$26.1M | −$7.7M | −$4.0M |
| Depreciation & amortization | $50.0M | $51.0M | $49.0M | $37.0M | $58.0M | $58.0M | $53.0M | $15.8M | $15.5M | $15.8M | $15.9M | $15.7M |
| Stock-based compensation | $4.0M | — | $5.0M | $4.0M | $5.0M | $4.0M | $6.0M | $1.1M | $798,000 | $671,000 | $3.0M | $1.0M |
| Change in working capital | −$59.0M | $45.0M | −$35.0M | $131.0M | −$54.0M | $32.0M | −$100.0M | $16.0M | $11.4M | −$24.5M | $15.0M | −$944,000 |
| Other non-cash items | $12.0M | $9.0M | $17.0M | −$36.0M | $9.0M | $12.0M | $43.0M | −$711,000 | $989,000 | $747,000 | −$9.8M | −$683,000 |
| Cash from operating activities | −$13.0M | $87.0M | $2.0M | $96.0M | $0 | $65.0M | −$58.0M | $12.2M | $12.9M | −$33.5M | $16.3M | $11.1M |
| Investing activities | ||||||||||||
| Capital expenditures | −$15.0M | −$14.0M | −$15.0M | −$15.0M | −$13.0M | −$23.0M | −$16.0M | −$8.5M | −$5.7M | −$7.5M | −$8.5M | −$7.8M |
| Investments (net) | — | — | — | — | $0 | −$1.0M | $21.0M | −$7.6M | −$5.7M | −$7.5M | −$8.4M | — |
| Acquisitions & other investing | $7.0M | $0 | $0 | $0 | $0 | $23.0M | $16.0M | $8.5M | $5.7M | $7.5M | $8.5M | −$4.2M |
| Cash from investing activities | −$8.0M | −$14.0M | −$15.0M | −$15.0M | −$13.0M | −$1.0M | $21.0M | −$7.6M | −$5.7M | −$7.5M | −$8.4M | −$12.0M |
| Financing activities | ||||||||||||
| Dividends paid | — | — | — | — | — | −$1.11B | −$1.11B | — | — | — | $0 | — |
| Net borrowing (repayment) | — | — | — | — | −$2.0M | −$2.0M | $1.13B | $888,000 | −$3.9M | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$2.0M | −$36.0M | −$27.0M | −$49.0M | −$2.0M | $1.11B | $18.0M | −$61,000 | −$4,000 | $20.8M | −$11.9M | $472,000 |
| Cash from financing activities | −$2.0M | −$36.0M | −$27.0M | −$49.0M | −$4.0M | −$1.0M | $33.0M | $827,000 | −$3.9M | $20.8M | −$11.9M | $472,000 |
| Summary | ||||||||||||
| Net change in cash | −$23.0M | $39.0M | −$41.0M | $29.0M | −$6.0M | $67.0M | −$15.0M | $6.8M | $2.9M | −$20.4M | −$1.8M | −$1.1M |
| Cash at end of period | $280.0M | $303.0M | $264.0M | $305.0M | $276.0M | $282.0M | $215.0M | $43.9M | $37.1M | $34.2M | $54.6M | $56.3M |
| Free cash flow | −$28.0M | $73.0M | −$13.0M | $81.0M | −$13.0M | $42.0M | −$74.0M | $3.6M | $7.2M | −$41.0M | $7.8M | $3.3M |
| Free cash flow margin | −3.3% | 9.2% | −1.6% | 9.7% | −1.5% | 5.1% | −10.5% | 1.1% | 2.2% | −12.5% | 2.4% | 1.0% |
| Capex / revenue | 1.8% | 1.8% | 1.9% | 1.8% | 1.5% | 2.8% | 2.3% | 2.6% | 1.7% | 2.3% | 2.7% | 2.4% |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
MAGN cash generation
In fiscal 2025 (ended December 31, 2025), Magnera Corp placeholder generated $103.0 million of cash from operations (down 46.4%) and spent $67.0 million on capital expenditures, leaving free cash flow of $36.0 million, 1.1% of revenue. It returned $1.1 billion to shareholders through dividends ($1.1 billion) and net share buybacks ($0). Cash and equivalents rose by $250.4 million over the year.
Related: MAGN income statement, MAGN balance sheet. See the MAGN stock overview for the latest quote and news.
MAGN cash flow FAQ
What is Magnera Corp placeholder's free cash flow?
Magnera Corp placeholder's free cash flow was $36.0 million in fiscal 2025: $103.0 million of operating cash flow minus $67.0 million of capital expenditures It was $120.0 million a year earlier..
How much cash does Magnera Corp placeholder generate from operations?
Magnera Corp placeholder generated $103.0 million of cash from operating activities in fiscal 2025.
How much does Magnera Corp placeholder spend on capital expenditures?
Magnera Corp placeholder spent $67.0 million on capital expenditures in fiscal 2025, 2.1% of revenue, compared with $72.0 million the year before.
How much does Magnera Corp placeholder pay in dividends?
Magnera Corp placeholder paid $1.1 billion in dividends in fiscal 2025, 3,086.1% of free cash flow.