AB Volvo 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	34,456	50,389	49,825	32,722	32,787
Depreciation & Amortization	10,854	9,342	8,691	8,084	7,399
Other Amortization	12,632	12,086	11,655	11,309	10,679
Loss (Gain) From Sale of Assets	-	-271	1,778	-232	-1,616
Asset Writedown & Restructuring Costs	-	548	3,217	1,336	482
Loss (Gain) From Sale of Investments	-	34	231	-109	15
Loss (Gain) on Equity Investments	-	2,166	2,368	1,333	67
Provision & Write-off of Bad Debts	-	1,764	1,398	4,260	534
Other Operating Activities	4,744	-1,316	3,265	3,214	770
Change in Accounts Receivable	-2,289	4,009	209	-5,770	-2,062
Change in Inventory	1,593	2,212	-7,434	-5,911	-12,287
Change in Accounts Payable	2,563	-6,778	-4,722	8,031	13,174
Change in Other Net Operating Assets	-18,958	-27,741	-49,085	-25,023	-16,295
Operating Cash Flow	45,595	46,444	21,396	33,244	33,647
Operating Cash Flow Growth	-1.83%	117.07%	-35.64%	-1.20%	9.92%
Capital Expenditures	-18,344	-13,892	-13,120	-20,456	-18,117
Sale of Property, Plant & Equipment	670	481	693	5,558	5,837
Cash Acquisitions	-798	-3,006	-77	-265	-789
Divestitures	1,639	2,371	-2,268	153	22,773
Sale (Purchase) of Intangibles	-7,786	-4,493	-5,278	-5,390	-3,722
Investment in Securities	-2,137	-4,889	-1,235	-928	-7,384
Investing Cash Flow	-27,478	-24,137	-21,565	-21,486	-1,489
Long-Term Debt Issued	467,562	342,066	241,958	172,817	89,141
Long-Term Debt Repaid	-455,247	-327,245	-211,157	-138,836	-96,113
Net Debt Issued (Repaid)	12,315	14,821	30,801	33,981	-6,972
Common Dividends Paid	-16,268	-15,251	-14,234	-13,218	-12,201
Other Financing Activities	-83	-90	-512	-63	-763
Financing Cash Flow	-25,387	-21,871	1,821	7,483	-57,555
Foreign Exchange Rate Adjustments	-4,541	1,410	-2,211	2,520	2,316
Miscellaneous Cash Flow Adjustments	1	-1	-1	-	1
Net Cash Flow	-11,810	1,845	-560	21,761	-23,080
Free Cash Flow	27,251	32,552	8,276	12,788	15,530
Free Cash Flow Growth	-16.29%	293.33%	-35.28%	-17.66%	-4.80%
Free Cash Flow Margin	5.69%	6.18%	1.50%	2.70%	4.17%
Free Cash Flow Per Share	13.40	16.01	4.07	6.29	7.64
Cash Interest Paid	1,458	1,244	1,675	856	854
Cash Income Tax Paid	11,507	18,439	20,807	11,614	9,651
Levered Free Cash Flow	44,693	31,236	29,925	2,196	29,748
Unlevered Free Cash Flow	45,830	32,231	30,978	2,949	30,477
Change in Working Capital	-17,091	-28,298	-61,032	-28,673	-17,470

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