EQT AB Cash Flow Statement

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

Millions EUR. 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	728	776.3	167.9	176.3	909.4
Depreciation & Amortization	429	418.8	409.9	190.2	86.8
Other Amortization	-	17.2	8.3	7.2	5.5
Asset Writedown & Restructuring Costs	-	-	-	-	-0.5
Loss (Gain) From Sale of Investments	-349	-273.1	127	-5.9	-72.8
Other Operating Activities	-485	-540.4	295.8	259.9	-277.7
Change in Accounts Receivable	36	-30.4	-121.5	-96.6	-148.3
Change in Accounts Payable	71	95.5	17.6	18.1	105.8
Operating Cash Flow	430	463.9	905	549.2	608.2
Operating Cash Flow Growth	-7.31%	-48.74%	64.78%	-9.70%	288.38%
Capital Expenditures	-35	-17.5	-23.1	-30.8	-11.5
Cash Acquisitions	-	-	-	-1,456	-631.6
Sale (Purchase) of Intangibles	-	-	-0.5	-0.2	-
Investment in Securities	-	-	-	-60.4	-235.5
Other Investing Activities	1	15.8	24.5	-0.7	-16.6
Investing Cash Flow	-34	-1.7	0.9	-1,548	-895.2
Long-Term Debt Issued	427	-	-	1,483	496
Total Debt Issued	427	-	-	1,483	496
Long-Term Debt Repaid	-39	-38.6	-31.6	-38.1	-274.2
Total Debt Repaid	-39	-38.6	-31.6	-38.1	-274.2
Net Debt Issued (Repaid)	388	-38.6	-31.6	1,445	221.8
Issuance of Common Stock	-	-	0.5	-	-
Repurchase of Common Stock	-296	-117.9	-38	-	-
Common Dividends Paid	-461	-372.7	-298.4	-291	-233.9
Other Financing Activities	-56	-44.7	-47.7	-9	-8.2
Financing Cash Flow	-425	-573.9	-415.2	1,145	-20.3
Foreign Exchange Rate Adjustments	-17	21.6	-21.7	-89.6	17.2
Net Cash Flow	-46	-90.1	469	57	-290.1
Free Cash Flow	395	446.4	881.9	518.4	596.7
Free Cash Flow Growth	-11.51%	-49.38%	70.12%	-13.12%	302.36%
Free Cash Flow Margin	15.01%	16.83%	41.55%	34.62%	37.39%
Free Cash Flow Per Share	0.34	0.38	0.74	0.50	0.61
Cash Interest Paid	56	44.7	47.7	8.7	8
Cash Income Tax Paid	203	130.3	105.3	99.2	46.3
Levered Free Cash Flow	1,219	1,476	2,145	-393.71	249.7
Unlevered Free Cash Flow	1,255	1,514	2,180	-366.34	254.7
Change in Working Capital	107	65.1	-103.9	-78.5	-42.5

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