Telia Company 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	3,525	7,079	303	-14,638	11,680
Depreciation & Amortization	17,405	18,767	20,123	19,060	19,888
Other Amortization	-	5,736	5,908	5,557	4,977
Loss (Gain) From Sale of Assets	-	-3,378	142	-72	-6,614
Asset Writedown & Restructuring Costs	-	582	4,062	19,876	135
Loss (Gain) on Equity Investments	-	-118	31	34	48
Other Operating Activities	4,362	-4,375	-5,424	-5,080	-5,759
Change in Accounts Receivable	2,357	1,172	-186	-524	259
Change in Inventory	-	453	542	-793	-92
Change in Other Net Operating Assets	-47	-4,722	-830	581	2,854
Operating Cash Flow	27,602	21,196	24,671	24,001	27,376
Operating Cash Flow Growth	30.22%	-14.09%	2.79%	-12.33%	-4.29%
Capital Expenditures	-14,980	-13,889	-15,466	-15,908	-15,647
Sale of Property, Plant & Equipment	443	242	38	137	117
Cash Acquisitions	-	-40	-181	-58	-394
Divestitures	5,703	8,071	34	195	9,353
Investment in Securities	-	6,638	-4,940	6,021	-3,191
Other Investing Activities	702	-1	-	1	1
Investing Cash Flow	-7,153	4,107	-22,058	-9,936	-10,908
Short-Term Debt Issued	-	23,677	1,824	38,033	8,280
Long-Term Debt Issued	304	79	13,877	15,746	9
Total Debt Issued	304	23,756	15,701	53,779	8,289
Short-Term Debt Repaid	-	-24,272	-2,139	-38,265	-7,979
Long-Term Debt Repaid	-9,083	-19,883	-6,135	-24,083	-9,550
Total Debt Repaid	-9,083	-44,155	-8,274	-62,348	-17,529
Net Debt Issued (Repaid)	-8,779	-20,399	7,427	-8,569	-9,240
Repurchase of Common Stock	-	-	-	-5,521	-21
Common Dividends Paid	-7,864	-7,864	-5,898	-8,252	-8,179
Other Financing Activities	-2,152	922	1,124	563	6,840
Financing Cash Flow	-18,795	-27,341	2,653	-21,779	-10,600
Foreign Exchange Rate Adjustments	61	85	-372	227	157
Miscellaneous Cash Flow Adjustments	-	1	-1	-	-
Net Cash Flow	1,715	-1,952	4,893	-7,487	6,025
Free Cash Flow	12,622	7,307	9,205	8,093	11,729
Free Cash Flow Growth	72.74%	-20.62%	13.74%	-31.00%	-22.40%
Free Cash Flow Margin	15.59%	8.20%	10.39%	9.46%	13.28%
Free Cash Flow Per Share	3.21	1.86	2.34	2.01	2.87
Cash Interest Paid	-	5,067	4,075	2,843	2,682
Cash Income Tax Paid	1,788	1,545	1,304	1,532	1,946
Levered Free Cash Flow	7,332	17,215	12,569	10,123	18,592
Unlevered Free Cash Flow	9,048	20,234	15,639	12,145	20,301
Change in Working Capital	2,310	-3,097	-474	-736	3,021

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