AAK AB (publ.) Cash Flow Statement

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

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	3,409	3,536	2,946	1,770	1,437	1,563
Depreciation & Amortization	890	862	858	791	717	728
Loss (Gain) From Sale of Assets	3	3	-109	7	5	4
Asset Writedown & Restructuring Costs	-	-	19	8	241	27
Other Operating Activities	-417	764	27	61	257	-343
Change in Accounts Receivable	-959	-466	1,241	-1,149	-1,710	-190
Change in Inventory	-1,890	-2,409	2,463	-1,427	-2,181	-470
Change in Accounts Payable	-199	198	-1,545	-812	1,793	631
Change in Other Net Operating Assets	-145	-136	-586	678	-51	73
Operating Cash Flow	692	2,352	5,314	-73	508	2,023
Operating Cash Flow Growth	-80.71%	-55.74%	-	-	-74.89%	29.85%
Capital Expenditures	-1,277	-1,198	-1,205	-1,215	-613	-709
Sale of Property, Plant & Equipment	1	1	131	7	-	4
Cash Acquisitions	-	-	-89	-14	-31	-412
Divestitures	646	646	-	-	-	-
Sale (Purchase) of Intangibles	-47	-47	-40	-11	-6	-33
Investing Cash Flow	-677	-598	-1,203	-1,233	-650	-1,150
Long-Term Debt Issued	-	430	259	4,625	1,630	1,555
Long-Term Debt Repaid	-	-796	-3,606	-2,413	-1,539	-1,840
Net Debt Issued (Repaid)	1,593	-366	-3,347	2,212	91	-285
Issuance of Common Stock	14	-	-	147	434	236
Common Dividends Paid	-1,298	-960	-714	-646	-590	-536
Other Financing Activities	-	-	-	80	-	15
Financing Cash Flow	309	-1,326	-4,061	1,793	-65	-570
Foreign Exchange Rate Adjustments	-102	-20	-62	27	8	-85
Net Cash Flow	222	408	-12	514	-199	218
Free Cash Flow	-585	1,154	4,109	-1,288	-105	1,314
Free Cash Flow Growth	-	-71.91%	-	-	-	70.43%
Free Cash Flow Margin	-1.26%	2.56%	8.93%	-2.55%	-0.30%	4.70%
Free Cash Flow Per Share	-2.25	4.43	15.83	-4.97	-0.41	5.16
Cash Interest Paid	241	241	283	188	90	112
Cash Income Tax Paid	1,280	936	979	617	521	712
Levered Free Cash Flow	-313.75	852.13	3,276	-2,443	-672.38	2,013
Unlevered Free Cash Flow	-191.88	999	3,451	-2,316	-611.75	2,084
Change in Working Capital	-3,193	-2,813	1,573	-2,710	-2,149	44

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