CombinedX AB 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	46.5	50.6	70.9	35.2	49.3	-15.4
Depreciation & Amortization	54.2	47.8	36.1	28	26.6	29.9
Other Amortization	0.9	0.9	1	0.3	0.7	1.4
Loss (Gain) From Sale of Assets	0.1	0.1	-	-0.1	-6.4	-3
Asset Writedown & Restructuring Costs	-	-	-	-	-	33.7
Loss (Gain) on Equity Investments	-0.1	-0.1	-0.2	-	-0.6	0.6
Provision & Write-off of Bad Debts	0.7	0.7	0.7	-	-	-
Other Operating Activities	-23.9	-14.6	-17.7	0.3	3	8.6
Change in Accounts Receivable	43.3	43.3	-0.6	-22.1	-15	4.9
Change in Inventory	3.5	3.5	-	-	-	0.4
Change in Other Net Operating Assets	-35.9	-7.9	-8.8	-0.7	10.3	-4.6
Operating Cash Flow	89.3	124.3	81.4	40.9	67.9	56.5
Operating Cash Flow Growth	-11.76%	52.70%	99.02%	-39.76%	20.18%	-
Capital Expenditures	-8.1	-46.9	-3.3	-3.6	-0.8	-0.2
Sale of Property, Plant & Equipment	-	-	0.3	-	0.1	-
Cash Acquisitions	-71.5	-16.6	-25.4	-46.7	-2	-14.4
Divestitures	-	2.8	-	-	9.3	-
Sale (Purchase) of Intangibles	-1.5	-1.3	-0.5	-	-0.2	-1.5
Investment in Securities	-0.2	-	0.3	-3.4	0.9	0.3
Other Investing Activities	-	-0.1	-	-	-	-
Investing Cash Flow	-81.3	-62.1	-28.6	-53.7	7.3	-15.8
Long-Term Debt Issued	-	22	-	36.3	-	33.4
Total Debt Issued	35	22	-	36.3	-	33.4
Short-Term Debt Repaid	-	-	-	-	-18.9	-2
Long-Term Debt Repaid	-	-58.9	-38.3	-41.8	-37	-35.7
Total Debt Repaid	-52.6	-58.9	-38.3	-41.8	-55.9	-37.7
Net Debt Issued (Repaid)	-17.6	-36.9	-38.3	-5.5	-55.9	-4.3
Issuance of Common Stock	0.8	26.3	-	56.3	50	5.2
Common Dividends Paid	-25.6	-36.4	-18	-25.3	-30.2	-
Other Financing Activities	0.1	0.1	0.1	-	-2	-
Financing Cash Flow	-42.3	-46.9	-56.2	25.5	-38.1	0.9
Foreign Exchange Rate Adjustments	-0.3	-	-0.3	-	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	0.1	-	-0.1
Net Cash Flow	-34.6	15.3	-3.7	12.8	37.1	41.5
Free Cash Flow	81.2	77.4	78.1	37.3	67.1	56.3
Free Cash Flow Growth	48.45%	-0.90%	109.38%	-44.41%	19.18%	-
Free Cash Flow Margin	8.70%	8.31%	10.19%	5.73%	11.98%	10.56%
Free Cash Flow Per Share	4.31	4.32	4.50	2.22	4.87	4.57
Cash Interest Paid	7.4	7.4	6.6	4.7	2.5	3.5
Cash Income Tax Paid	27.1	23.8	24.4	10.8	6.3	-2
Levered Free Cash Flow	79.23	74.39	61.94	33.11	58.31	56.58
Unlevered Free Cash Flow	83.91	78.01	65	35.93	60.31	59.01
Change in Working Capital	10.9	38.9	-9.4	-22.8	-4.7	0.7

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