Fortnox 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	Mar '25 Mar 31, 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	771	710	570	347	241.1	205.38
Depreciation & Amortization	73	64	57	52	39.1	26.49
Other Amortization	133	133	101	73	45.5	36.53
Loss (Gain) From Sale of Assets	-11	-11	-	-	-	-
Asset Writedown & Restructuring Costs	-	1	2	5	0.3	3.59
Other Operating Activities	-39	1	-2	12	6.8	18.16
Change in Accounts Receivable	-135	-153	-128	-60	-25.2	-34.47
Change in Other Net Operating Assets	67	6	46	12	8.8	17.83
Operating Cash Flow	859	751	646	441	316.4	273.52
Operating Cash Flow Growth	57.33%	16.25%	46.48%	39.38%	15.68%	39.71%
Capital Expenditures	-40	-41	-4	-10	-12.3	-30.89
Cash Acquisitions	-	-110	-87	-	-357.8	-
Divestitures	14	14	-	-	-	-
Sale (Purchase) of Intangibles	-167	-168	-162	-129	-88.5	-64.85
Investment in Securities	-	-	-	-46	-18.8	-
Other Investing Activities	2	-	-	-	-	-0
Investing Cash Flow	-191	-305	-253	-185	-477.4	-95.74
Long-Term Debt Issued	-	-	-	-	200	-
Total Debt Issued	-	-	-	-	200	-
Long-Term Debt Repaid	-	-38	-234	-146	-46.6	-16.35
Total Debt Repaid	-37	-38	-234	-146	-46.6	-16.35
Net Debt Issued (Repaid)	-37	-38	-234	-146	153.4	-16.35
Issuance of Common Stock	13	13	-	1	14	14
Common Dividends Paid	-122	-122	-73	-49	-45.6	-29.89
Other Financing Activities	-2	-3	-6	-	-0.1	-
Financing Cash Flow	-148	-150	-313	-194	121.7	-32.24
Miscellaneous Cash Flow Adjustments	-1	-	-	-1	-	0
Net Cash Flow	519	296	80	61	-39.3	145.55
Free Cash Flow	819	710	642	431	304.1	242.64
Free Cash Flow Growth	53.37%	10.59%	48.96%	41.73%	25.33%	26.00%
Free Cash Flow Margin	38.27%	34.74%	39.10%	33.78%	32.63%	34.98%
Free Cash Flow Per Share	1.34	1.16	1.05	0.71	0.50	0.40
Cash Income Tax Paid	201	167	109	99	62.8	38.61
Levered Free Cash Flow	485.38	391.25	362.63	273.95	68.01	135.73
Unlevered Free Cash Flow	491.63	397.5	369.5	278.95	70.51	137.77

Updated Mar 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.