Holmen 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	2,879	2,861	3,697	5,874	3,004
Depreciation & Amortization	1,464	1,388	1,360	1,345	1,261
Asset Writedown & Restructuring Costs	-895	-907	-562	-422	-464
Other Operating Activities	453	386	817	-29	-427
Change in Accounts Receivable	261	4	899	-1,284	-156
Change in Inventory	-238	-824	11	-1,007	-236
Change in Accounts Payable	-73	409	-417	1,007	247
Operating Cash Flow	3,851	3,317	5,805	5,484	3,229
Operating Cash Flow Growth	16.10%	-42.86%	5.85%	69.84%	31.42%
Capital Expenditures	-2,139	-2,114	-1,659	-1,385	-1,700
Sale of Property, Plant & Equipment	24	58	53	46	443
Sale (Purchase) of Intangibles	-	-1	-46	-6	-13
Investment in Securities	-	-8	-	-7	-63
Other Investing Activities	-	-1	-1	-	1
Investing Cash Flow	-2,115	-2,066	-1,653	-1,349	-1,307
Long-Term Debt Issued	2,096	1,500	-	-	500
Total Debt Issued	2,096	1,500	-	-	500
Short-Term Debt Repaid	-	-112	-64	-261	-411
Long-Term Debt Repaid	-134	-1,127	-1,114	-590	-110
Total Debt Repaid	-134	-1,239	-1,178	-851	-521
Net Debt Issued (Repaid)	1,962	261	-1,178	-851	-21
Repurchase of Common Stock	-1,649	-647	-1,119	-	-
Common Dividends Paid	-1,888	-1,831	-1,296	-1,214	-1,174
Other Financing Activities	-1	-4	1	-	-2
Financing Cash Flow	-1,576	-2,221	-4,888	-2,713	-1,764
Foreign Exchange Rate Adjustments	-4	2	3	5	2
Miscellaneous Cash Flow Adjustments	-	-	-	1	1
Net Cash Flow	156	-968	-733	1,428	161
Free Cash Flow	1,712	1,203	4,146	4,099	1,529
Free Cash Flow Growth	42.31%	-70.98%	1.15%	168.08%	17.89%
Free Cash Flow Margin	7.76%	5.07%	17.58%	16.53%	7.62%
Free Cash Flow Per Share	11.00	7.58	25.84	25.31	9.44
Cash Interest Paid	-	104	80	48	39
Cash Income Tax Paid	60	425	160	1,639	662
Levered Free Cash Flow	301.38	1,019	6,621	-576.25	352.88
Unlevered Free Cash Flow	387.63	1,082	6,683	-532.5	381.63
Change in Working Capital	-50	-411	493	-1,284	-145

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