For the year ending 2025-12-31, MIR had $239.6M increase in cash & cash equivalents over the period. $106.9M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income (loss) | 29.8 | -36.6 | -98.7 | -288.4 |
| Accrual of in-kind interest on notes payable to related parties | - | - | 0 | 0 |
| Depreciation and amortization expense | 138 | 150.4 | 162.8 | 174.5 |
| Stock-based compensation expense | 15.2 | 15.6 | 21.9 | 31.8 |
| Loss on debt extinguishment | -5.8 | 0 | -2.6 | 0 |
| Amortization of debt issuance costs | 4.2 | 3.1 | 3.1 | 3.5 |
| Provision for doubtful accounts | 2.5 | 3.4 | 1.8 | 0.3 |
| Inventory obsolescence write down | 1.6 | 5.2 | 2.3 | 0.9 |
| Change in deferred income taxes | -22.3 | -23.8 | -30.9 | -37.2 |
| Loss on disposal of property, plant and equipment and badges | -0.6 | -0.5 | -0.6 | -3.4 |
| (gain) loss on foreign currency transactions | 17.4 | -2.2 | 0.3 | -4.9 |
| Increase in fair values of warrant liabilities | 0 | 5.3 | 24.8 | -37.6 |
| Amortization of deferred revenue step-down | - | - | 0 | 0 |
| Amortization of inventory step-up | - | 0 | 0 | 6.3 |
| Goodwill impairment | - | 0 | 0 | 211.8 |
| (gain) loss on disposal of business | 0 | 1.2 | -6.5 | - |
| Other | -1 | -1.8 | 0.6 | -3.6 |
| Accounts receivable | -14.6 | 12 | 5 | 14.8 |
| Costs in excess of billings on uncompleted contracts | 7.7 | 23.9 | -1.9 | 4.5 |
| Inventories | -3.3 | -1.3 | 0.5 | 34.8 |
| Deferred cost of revenue | -0.1 | 0.3 | 0.7 | -0.8 |
| Prepaid expenses and other current assets | 9.4 | 2.6 | 14 | 2.4 |
| Accounts payable | -10.8 | -1.5 | -9.9 | 4.5 |
| Accrued expenses and other current liabilities | -0.3 | 11.3 | 2.6 | 5.5 |
| Deferred contract revenue | -0.9 | -1.1 | 23.9 | 6.9 |
| Other assets | 1.3 | -0.9 | -0.3 | -5.4 |
| Other liabilities | -3.1 | 0.5 | -0.7 | -3.4 |
| Net cash provided by operating activities | 143.3 | 99.1 | 95.2 | 39.4 |
| Acquisition of mirion, net of cash and cash equivalents acquired | - | - | 0 | 0 |
| Acquisitions of businesses, net of cash and cash equivalents acquired | 661.9 | 1 | 31.4 | 6.6 |
| Proceeds from disposal of property, plant, and equipment and badges | 1 | 0 | 0 | 0.8 |
| Purchases of property, plant, and equipment and badges | 36.4 | 48.8 | 37.1 | 34.2 |
| Proceeds from net investment hedge derivative contracts | 2.7 | 3.6 | 3.8 | 0.5 |
| Proceeds from business disposal | 0 | 2.5 | 1 | - |
| Other investing | 0 | 0 | 1 | - |
| Net cash used in investing activities | -694.6 | -43.7 | -64.7 | -39.5 |
| Issuances of common stock | 425 | 0 | 150 | 0 |
| Common stock issuance costs | 15.3 | 0 | 0.3 | 0 |
| Stock repurchased to satisfy tax withholding for vesting restricted stock units | 6.4 | - | - | - |
| Purchases of stock for treasury | 49.6 | 2 | 1 | - |
| Transaction fees reimbursed by sellers | - | - | 0 | 0 |
| Payment of deferred underwriting costs | - | - | 0 | 0 |
| Proceeds from issuance of convertible senior notes, net of bank costs | 755 | - | - | - |
| Spac share redemption | - | - | 0 | 0 |
| Third-party issuance costs for convertible senior notes | 1.4 | - | - | - |
| Borrowings from third-parties, net of discount and issuance costs | - | - | 0 | 0 |
| Purchase of capped calls related to convertible senior notes | 82.6 | - | - | - |
| Term loan principal repayments | 244.6 | 0 | 127.3 | 6.6 |
| Financing costs | 3.8 | 1.3 | 0 | 0 |
| Borrowings from notes payable related parties | - | - | 0 | 0 |
| Borrowing on revolving term loan | - | - | - | 0 |
| Payment on revolving term loan | - | - | 0 | 0 |
| Payment of contingent considerations | - | - | - | 0 |
| Distributions to noncontrolling interests | - | - | - | 0 |
| Proceeds from cash flow hedge derivative contracts | -0.7 | -1 | -0.6 | - |
| Other financing | -1.1 | -1 | 0.6 | -0.4 |
| Net cash provided by (used in) financing activities | 775.9 | -3.3 | 22.6 | -7 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 15 | -7 | 2.4 | -3.2 |
| Net increase in cash, cash equivalents, and restricted cash | 239.6 | 45.1 | 55.5 | -10.3 |
| Cash, cash equivalents, and restricted cash at beginning of period | 175.6 | 130.5 | 75 | 85.3 |
| Cash, cash equivalents, and restricted cash at end of period | 415.2 | 175.6 | 130.5 | 75 |
Mirion Technologies, Inc. (MIR)
Mirion Technologies, Inc. (MIR)