Stora Enso Oyj (HEL:STERV)
Finland · Delayed Price · Currency is EUR 9.258
-0.140 (-1.49%)
Nov 3, 2026, 11:28 AM EET
Stora Enso Oyj Cash Flow Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 401 | 695 | -136 | -357 | 1,550 | 1,266 |
Depreciation & Amortization | 565 | 469 | 486 | 516 | 517 | 530 |
Other Amortization | 13 | 13 | 14 | 17 | 17 | 18 |
Loss (Gain) From Sale of Assets | -8 | -8 | -1 | -40 | -10 | -55 |
Asset Writedown & Restructuring Costs | -376 | -376 | 325 | 561 | -88 | -178 |
Loss (Gain) From Sale of Investments | -171 | -171 | -1 | -36 | 9 | - |
Loss (Gain) on Equity Investments | -89 | -89 | -52 | -136 | -221 | -143 |
Stock-Based Compensation | 2 | 2 | -2 | -2 | 7 | 3 |
Other Operating Activities | 243 | 59 | 36 | -82 | 232 | 60 |
Change in Accounts Receivable | 117 | 117 | 259 | 347 | -165 | -305 |
Change in Inventory | -53 | -53 | -136 | 328 | -454 | -196 |
Change in Other Net Operating Assets | -91 | -13 | 160 | -375 | 158 | 476 |
Operating Cash Flow | 553 | 645 | 952 | 752 | 1,582 | 1,476 |
Operating Cash Flow Growth | -15.96% | -32.25% | 26.60% | -52.46% | 7.18% | 30.85% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -528 | -775 | -1,113 | -989 | -704 | -644 |
Sale of Property, Plant & Equipment | 14 | 17 | 23 | 47 | 17 | 105 |
Cash Acquisitions | - | -17 | -75 | -584 | - | - |
Divestitures | -4 | 619 | 8 | 237 | -77 | 55 |
Investment in Securities | -5 | 9 | 2 | -23 | -8 | 40 |
Other Investing Activities | 5 | 207 | 22 | -1 | 30 | -5 |
Investing Cash Flow | -518 | 60 | -1,133 | -1,313 | -742 | -449 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Short-Term Debt Issued | - | - | 54 | 272 | 9 | - |
Long-Term Debt Issued | - | 489 | 19 | 2,006 | 366 | 19 |
Total Debt Issued | 1,109 | 489 | 73 | 2,278 | 375 | 19 |
Short-Term Debt Repaid | - | -19 | - | - | - | -59 |
Long-Term Debt Repaid | - | -1,747 | -225 | -716 | -390 | -940 |
Total Debt Repaid | -2,322 | -1,766 | -225 | -716 | -390 | -999 |
Net Debt Issued (Repaid) | -1,213 | -1,277 | -152 | 1,562 | -15 | -980 |
Repurchase of Common Stock | -2 | -2 | -3 | -6 | -1 | -3 |
Common Dividends Paid | -198 | -209 | -146 | -472 | -434 | -237 |
Other Financing Activities | - | 1 | - | - | - | - |
Financing Cash Flow | -1,413 | -1,487 | -301 | 1,084 | -450 | -1,220 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 13 | -4 | 11 | 24 | 48 | 18 |
Miscellaneous Cash Flow Adjustments | -1 | -1 | - | - | -1 | - |
Net Cash Flow | -1,366 | -787 | -471 | 547 | 437 | -175 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 25 | -130 | -161 | -237 | 878 | 832 |
Free Cash Flow Growth | - | - | - | - | 5.53% | 78.16% |
Free Cash Flow Margin | 0.27% | -1.39% | -1.78% | -2.52% | 7.52% | 8.19% |
Free Cash Flow Per Share | 0.03 | -0.17 | -0.20 | -0.30 | 1.11 | 1.05 |
Levered Free Cash Flow | 34.88 | -297.88 | -414.88 | 50.75 | 160 | 601.63 |
Unlevered Free Cash Flow | 157.38 | -175.38 | -281.13 | 165.13 | 238.13 | 680.38 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 192 | 192 | 197 | 149 | 119 | 123 |
Cash Income Tax Paid | 50 | 48 | 73 | 85 | 178 | 136 |
Change in Working Capital | -27 | 51 | 283 | 300 | -461 | -25 |