For the quarter ending 2026-03-31, MERC had -$97,264K decrease in cash & cash equivalents over the period. -$98,832K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -51,996 | -308,700 | -80,779 | -108,410 |
| Depreciation and amortization | 40,740 | 42,658 | 39,512 | 77,878 |
| Deferred income tax recovery | -8,009 | 10,809 | -10,989 | -11,138 |
| Inventory impairment | 22,000 | 23,000 | 20,400 | 11,000 |
| Impairments of long-lived assets | - | 215,682 | - | - |
| Impairment of sandalwood business | - | 0 | - | - |
| Loss on disposal of investment in joint venture | - | 0 | 0 | 0 |
| Goodwill impairment | - | 0 | 0 | 0 |
| Defined benefit pension plans and other post-retirement benefit plan expense (income) | -79 | 174 | 174 | 344 |
| Stock compensation expense | 788 | -1,067 | 1,310 | 2,042 |
| Defined benefit pension plans and other post-retirement benefit plan contributions | - | - | 0 | 0 |
| Foreign exchange transaction losses (gains) | 4,640 | -2,091 | 3,480 | -17,779 |
| Other | 212 | -451 | -2,016 | -4,640 |
| Defined benefit pension plans and other post-retirement benefit plan contributions, net of withdrawals | - | 3,025 | - | - |
| Accounts receivable | 32,032 | -27,553 | -10,245 | -14,790 |
| Inventories | 35,130 | -4,567 | -20,025 | 24,066 |
| Accounts payable and accrued expenses | 12,666 | -6,065 | -3,159 | 16,386 |
| Prepaid expenses and other | 29,762 | -31,978 | 25,329 | 8,760 |
| Net cash used in operating activities | -85,666 | 46,156 | -30,054 | -7,515 |
| Purchase of property, plant and equipment | 13,166 | 14,153 | 30,017 | 44,413 |
| Proceeds from sale of property, plant and equipment | - | 4,899 | 1,484 | - |
| Acquisition, net of cash acquired | - | 0 | - | - |
| Property insurance proceeds | - | 0 | - | - |
| Proceeds from government grants | - | -1,616 | 1,858 | 3,115 |
| Other | -341 | 210 | 938 | 1,335 |
| Net cash used in investing activities | -12,825 | -11,080 | -27,613 | -42,633 |
| Redemption of senior notes | - | 0 | - | - |
| Proceeds from issuance of senior notes | - | 0 | - | - |
| Proceeds from revolving credit facilities, net | 5,848 | 56,252 | 21,275 | 25,361 |
| Dividend payments | - | 0 | 5,024 | 5,015 |
| Payment of debt issuance costs | - | 0 | - | - |
| Payment of finance lease obligations | 3,563 | 3,396 | 4,872 | 4,913 |
| Other | -527 | 18 | -425 | 545 |
| Net cash from financing activities | 1,758 | 52,874 | 10,954 | 15,978 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -531 | 753 | -1,684 | -4,256 |
| Net decrease in cash, cash equivalents and restricted cash | -97,264 | 88,703 | -48,397 | -38,426 |
| Cash, cash equivalents and restricted cash, beginning of period | 186,805 | 98,102 | 184,925 | - |
| Cash, cash equivalents and restricted cash, end of period | 89,541 | 186,805 | 98,102 | - |
MERCER INTERNATIONAL INC. (MERC)
MERCER INTERNATIONAL INC. (MERC)