Boliden AB Cash Flow Statement

Financials in millions SEK. Fiscal year is January - December.

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	9,404	10,022	6,073	12,410	8,701
Depreciation & Amortization	8,780	6,730	6,209	6,131	5,596
Other Amortization	-	53	37	31	25
Other Operating Activities	-1,491	-1,068	-858	577	-457
Change in Accounts Receivable	-	-2,893	-706	-1,243	1,209
Change in Inventory	-	1,722	738	-3,878	-2,950
Change in Other Net Operating Assets	3,993	3,093	690	2,370	1,020
Operating Cash Flow	20,686	17,659	12,183	16,398	13,144
Operating Cash Flow Growth	17.14%	44.95%	-25.70%	24.76%	16.78%
Capital Expenditures	-15,443	-14,966	-15,420	-9,970	-5,957
Cash Acquisitions	-14,391	-	-	-	-
Sale (Purchase) of Intangibles	-52	-22	-111	-58	-32
Investment in Securities	-51	-8	-5	-41	-6
Other Investing Activities	1	-	-1	-	-1
Investing Cash Flow	-29,936	-14,996	-15,537	-10,069	-5,996
Long-Term Debt Issued	29,321	14,946	9,227	5,559	-
Long-Term Debt Repaid	-21,463	-13,485	-5,806	-870	-60
Net Debt Issued (Repaid)	7,858	1,461	3,421	4,689	-60
Issuance of Common Stock	3,675	-	-	-	-
Repurchase of Common Stock	-91	-	-	-	-
Common Dividends Paid	-	-2,051	-4,103	-2,872	-2,257
Other Financing Activities	-1	-	-	-1	1
Financing Cash Flow	11,441	-590	-3,827	-2,423	-3,957
Foreign Exchange Rate Adjustments	-6	1	-1	2	-
Miscellaneous Cash Flow Adjustments	-	-1	1	-	-
Net Cash Flow	2,185	2,073	-7,181	3,908	3,191
Free Cash Flow	5,243	2,693	-3,237	6,428	7,187
Free Cash Flow Growth	94.69%	-	-	-10.56%	43.77%
Free Cash Flow Margin	5.61%	3.02%	-4.12%	7.44%	10.47%
Free Cash Flow Per Share	18.62	9.85	-11.84	23.50	26.28
Cash Interest Paid	-	906	674	227	114
Cash Income Tax Paid	1,454	2,171	1,763	2,815	1,863
Levered Free Cash Flow	4,293	-3,278	-5,264	2,923	5,000
Unlevered Free Cash Flow	5,211	-2,681	-4,831	3,080	5,074
Change in Working Capital	3,993	1,922	722	-2,751	-721

Source: S&P Global Market Intelligence. Standard template. Financial Sources.