Scandinavian Tobacco Group A/S (CPH:STG)
Denmark · Delayed Price · Currency is DKK 71.60
+1.10 (1.56%)
Aug 26, 2026, 4:59 PM CET
CPH:STG Cash Flow Statement
Financials in millions DKK. Fiscal year is January - December.
Millions DKK. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 651.2 | 669.4 | 939.7 | 1,182 | 1,476 | 1,391 |
Depreciation & Amortization | 455.1 | 422.1 | 400.4 | 355.5 | 333 | 340.1 |
Other Amortization | 27 | 27 | 17.3 | 19.2 | 19.2 | 18.9 |
Loss (Gain) From Sale of Assets | -2.8 | -2.8 | -1.7 | 0.4 | -139.5 | -18.3 |
Asset Writedown & Restructuring Costs | - | - | 2.1 | 0.3 | 0.1 | 2.5 |
Loss (Gain) on Equity Investments | -23.2 | -23.2 | -25.4 | -29.4 | -40.4 | -31.5 |
Provision & Write-off of Bad Debts | -8.4 | -8.4 | 4.3 | -37.6 | -6.9 | -1 |
Other Operating Activities | -51 | -115.7 | -19.2 | -107.1 | 114.6 | -128.4 |
Change in Accounts Receivable | -253.9 | -253.9 | -148.3 | -113.8 | -26.9 | -9.4 |
Change in Inventory | 70.4 | 70.4 | 135.5 | -16.6 | -228.1 | 41.5 |
Change in Other Net Operating Assets | 5.5 | -30.4 | -125.6 | 93.7 | -108.9 | -38.3 |
Operating Cash Flow | 869.9 | 754.5 | 1,179 | 1,347 | 1,393 | 1,567 |
Operating Cash Flow Growth | -34.62% | -36.01% | -12.46% | -3.27% | -11.12% | -1.18% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -146.2 | -158.1 | -216 | -199 | -264.1 | -211.6 |
Sale of Property, Plant & Equipment | 37.5 | 10.1 | 2.9 | 2.4 | 245.8 | 57.2 |
Cash Acquisitions | - | -4.3 | -575.6 | -581.7 | -3.7 | -3.9 |
Sale (Purchase) of Intangibles | -31.4 | -23.7 | -48.3 | -109.4 | -125.4 | -28.8 |
Investment in Securities | -0.2 | - | - | - | - | - |
Other Investing Activities | 12.6 | 12.6 | 12.9 | 12.4 | 15.6 | 9.6 |
Investing Cash Flow | -127.7 | -163.4 | -824.1 | -875.3 | -131.8 | -177.5 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Issued | - | 860.4 | 2,638 | 581 | 138.3 | - |
Long-Term Debt Repaid | - | -937.7 | -1,453 | -72 | -71.4 | -58.8 |
Net Debt Issued (Repaid) | -393.2 | -77.3 | 1,185 | 509 | 66.9 | -58.8 |
Repurchase of Common Stock | - | - | -773.6 | -180.6 | -776.4 | -607.1 |
Common Dividends Paid | -354.5 | -669.3 | -709.8 | -714.6 | -692 | -626.7 |
Other Financing Activities | - | - | - | - | - | -45.2 |
Financing Cash Flow | -747.7 | -746.6 | -298.8 | -386.2 | -1,402 | -1,338 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -0.8 | -10.9 | 4.3 | -8.1 | -10.6 | 5.2 |
Net Cash Flow | -6.3 | -166.4 | 60.5 | 77.4 | -151.4 | 56.6 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 723.7 | 596.4 | 963.1 | 1,148 | 1,128 | 1,355 |
Free Cash Flow Growth | -37.31% | -38.07% | -16.11% | 1.74% | -16.73% | -5.17% |
Free Cash Flow Margin | 8.14% | 6.60% | 10.47% | 13.15% | 12.88% | 16.46% |
Free Cash Flow Per Share | 9.22 | 7.57 | 11.72 | 13.25 | 12.42 | 14.16 |
Levered Free Cash Flow | 665.6 | 760.4 | 423.14 | 908.93 | 929.84 | 808.95 |
Unlevered Free Cash Flow | 807.66 | 900.84 | 548.7 | 1,004 | 991.15 | 857.2 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 315.3 | 315.3 | 226.1 | 248.7 | 199.2 | 118 |
Cash Income Tax Paid | 322.6 | 322.6 | 351.1 | 389.6 | 253.6 | 374.2 |
Change in Working Capital | -178 | -213.9 | -138.4 | -36.7 | -363.9 | -6.2 |