Axfood 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	2,339	2,192	2,357	2,360	2,150
Depreciation & Amortization	4,054	3,369	2,993	2,580	2,399
Asset Writedown & Restructuring Costs	23	6	-	35	-
Other Operating Activities	169	570	288	-106	90
Change in Accounts Receivable	-	740	22	-340	-467
Change in Inventory	-	-28	-415	-724	-138
Change in Other Net Operating Assets	166	-1,390	562	2,122	556
Operating Cash Flow	6,751	5,459	5,807	5,927	4,590
Operating Cash Flow Growth	23.67%	-5.99%	-2.02%	29.13%	-5.38%
Capital Expenditures	-1,379	-1,109	-1,523	-2,220	-1,516
Sale of Property, Plant & Equipment	-	4	3	-	6
Cash Acquisitions	-2	-1,561	-3	10	-1,633
Sale (Purchase) of Intangibles	-350	-430	-423	-374	-309
Investment in Securities	-49	-89	-274	-156	-397
Other Investing Activities	13	1	10	-38	7
Investing Cash Flow	-1,767	-3,184	-2,210	-2,778	-3,842
Short-Term Debt Issued	-	-	-	663	1,900
Long-Term Debt Issued	6,973	4,682	3,558	-	-
Total Debt Issued	6,973	4,682	3,558	663	1,900
Short-Term Debt Repaid	-	-	-	-2,063	-300
Long-Term Debt Repaid	-9,653	-5,009	-5,208	-1,707	-1,578
Total Debt Repaid	-9,653	-5,009	-5,208	-3,770	-1,878
Net Debt Issued (Repaid)	-2,680	-327	-1,650	-3,107	22
Issuance of Common Stock	-	-	-	1,499	-
Repurchase of Common Stock	-25	-66	-59	-115	-50
Common Dividends Paid	-1,938	-1,834	-1,759	-1,646	-1,569
Other Financing Activities	-	-	-	45	49
Financing Cash Flow	-4,643	-2,227	-3,468	-3,324	-1,548
Miscellaneous Cash Flow Adjustments	-	-1	-	-	-
Net Cash Flow	341	47	129	-175	-800
Free Cash Flow	5,372	4,350	4,284	3,707	3,074
Free Cash Flow Growth	23.49%	1.54%	15.57%	20.59%	-23.80%
Free Cash Flow Margin	6.03%	5.17%	5.28%	5.04%	5.31%
Free Cash Flow Per Share	24.78	20.06	19.76	17.32	14.65
Cash Interest Paid	578	453	381	167	124
Cash Income Tax Paid	617	587	584	568	406
Levered Free Cash Flow	4,249	3,367	3,445	2,606	2,167
Unlevered Free Cash Flow	4,611	3,621	3,662	2,712	2,242
Change in Working Capital	166	-678	169	1,058	-49

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