Ramaco Resources (METC) Cash Flow: Operating & Free Cash Flow

Ramaco Resources Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Ramaco Resources, Inc. (METC) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	-51.45	11.19	82.31	116.04	39.76	-4.91	24.93	25.07	-15.39
Depreciation & Amortization	51.19	47.70	55.66	28.98	26.21	21.48	20.03	12.92	3.56
Deferred Income Tax	-11.72	1.68	18.71	29.23	4.64	-3.50	5.16	0.11	0.00
Stock Based Compensation	17.57	17.47	0.00	8.22	5.26	4.14	0.00	0.00	0.00
Change in Working Capital	-25.01	14.34	0.87	-7.07	-17.95	4.49	-11.86	-5.27	0.28
Change in Accounts Receivable	19.23	23.28	-55.69	3.28	-24.15	-1.04	-8.53	-3.56	-6.25
Change in Inventory	-43.80	-6.20	7.81	-29.18	-3.84	3.31	-1.08	-4.13	-8.54
Change in Accounts Payable	-10.04	-4.83	24.55	12.73	-1.82	2.75	-7.31	-1.52	15.54
Change in Other Working Capital	4.38	2.40	24.20	1.61	6.64	-0.54	5.06	3.94	-0.46
Other Operating Activities	4.38	2.40	3.49	1.61	0.07	-11.95	4.12	3.21	2.80
Net Cash from Operating Activities	1.97	112.67	161.04	187.87	53.34	13.31	42.38	36.04	-8.75
Investing Activities
Capital Expenditures	-84.25	-68.84	-82.90	-124.07	-59.61	-24.75	-45.72	-48.14	-75.04
Acquisitions	0.00	0.26	0.57	-23.64	0.00	0.00	0.00	0.00	0.00
Sales/Maturities of Investments	0.00	0.26	0.00	0.00	0.00	0.00	0.00	5.20	55.24
Other Investing Activities	-20.88	-1.99	10.12	-1.06	0.00	0.00	0.00	0.00	0.00
Net Cash from Investing Activities	-83.67	-70.84	-72.21	-145.71	-59.61	-24.75	-45.72	-42.94	-19.80
Financing Activities
Debt Repayment	-97.37	-206.60	-44.17	-46.09	-26.30	-45.60	3.42	8.91	-11.13
Common Stock Issued	189.00	0.53	0.00	0.11	0.00	0.00	0.00	0.00	45.95
Common Stock Repurchased	0.00	-10.58	0.00	0.00	-0.54	-0.22	0.00	0.00	0.00
Dividends Paid	-4.34	-24.60	-25.82	-20.04	0.00	0.00	0.00	0.00	-5.41
Other Financing Activities	-49.54	-16.78	-12.52	-4.47	-3.22	-1.38	-0.59	-0.99	-0.13
Net Cash from Financing Activities	489.04	-50.79	-82.52	-28.50	22.37	11.29	2.83	7.92	29.29
Summary
Effect of Forex Changes on Cash	-0.81	0.01	-0.06	0.06	0.00	1.32	-0.90	0.00	0.00
Net Change in Cash	407.35	-8.96	6.25	13.67	16.10	-0.16	-1.42	1.02	0.74
Cash at Beginning of Period	33.82	42.78	36.51	22.81	6.70	5.53	6.95	5.93	5.20
Cash at End of Period	441.17	33.82	42.76	36.47	22.79	6.70	5.53	6.95	5.93
Free Cash Flow	-82.28	43.82	78.13	63.80	-6.27	-11.44	-3.34	-12.10	-83.79
Supplemental Disclosures
Interest Paid	8.06	4.76	8.11	6.00	1.60	1.10	-	-	-
Income Taxes Paid	1.89	1.23	-10.99	15.50	0.01	0.02	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Ramaco Resources Cash Flow

What is Ramaco Resources's free cash flow?

Ramaco Resources had negative free cash flow of $82.28M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $1.97M minus $84.25M of capital expenditures.

How much does Ramaco Resources spend on capital expenditures?

Ramaco Resources spent $84.25M on capital expenditures in fiscal 2025, compared with $68.84M a year earlier. That equals 4278.9% of operating cash flow.

Does Ramaco Resources pay dividends or buy back shares?

Yes. In fiscal 2025 Ramaco Resources returned $4.34M in dividends to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition