Ratos 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	3,640	249	1,218	548	2,637	693
Depreciation & Amortization	142	-	-	1,245	943	871
Other Amortization	-	-	-	77	65	60
Loss (Gain) From Sale of Assets	-83	-83	-68	104	55	-3
Asset Writedown & Restructuring Costs	-246	-	-	18	12	48
Loss (Gain) From Sale of Investments	-	-	-1,656	-	-	-
Loss (Gain) on Equity Investments	-439	-439	-433	-255	-189	-44
Other Operating Activities	-2,800	2,838	3,768	330	-1,366	679
Change in Accounts Receivable	-74	351	25	-1,062	-38	264
Change in Inventory	198	130	571	-487	-459	-109
Change in Other Net Operating Assets	164	399	850	913	-206	7
Operating Cash Flow	3,055	3,445	4,275	1,431	1,448	3,201
Operating Cash Flow Growth	4.48%	-19.41%	198.74%	-1.17%	-54.76%	67.68%
Capital Expenditures	-367	-287	-231	-405	-419	-664
Cash Acquisitions	-238	-608	-333	-4,542	-2,492	-38
Divestitures	83	-25	-2	5	2,634	2
Investment in Securities	-16	-52	24	685	15	-
Other Investing Activities	30	-	-	-	4	6
Investing Cash Flow	-508	-972	-542	-4,257	-258	-694
Long-Term Debt Issued	-	3,405	1,884	9,957	2,361	795
Long-Term Debt Repaid	-	-4,463	-5,111	-6,335	-3,902	-2,505
Net Debt Issued (Repaid)	-1,262	-1,058	-3,227	3,622	-1,541	-1,710
Issuance of Common Stock	-	-	-	19	232	3
Repurchase of Common Stock	-	-2	-	-	-	-
Common Dividends Paid	-442	-409	-274	-390	-303	-207
Dividends Paid	-442	-409	-274	-390	-303	-207
Other Financing Activities	-1,994	-1,149	-297	-260	-615	-553
Financing Cash Flow	-3,698	-2,618	-3,798	2,991	-2,227	-2,467
Foreign Exchange Rate Adjustments	-78	-29	-108	138	84	-77
Miscellaneous Cash Flow Adjustments	-1	-	1	-1	1	-
Net Cash Flow	-1,230	-174	-172	302	-952	-37
Free Cash Flow	2,688	3,158	4,044	1,026	1,029	2,537
Free Cash Flow Growth	2.13%	-21.91%	294.15%	-0.29%	-59.44%	41.81%
Free Cash Flow Margin	8.68%	9.83%	11.98%	3.43%	4.56%	12.12%
Free Cash Flow Per Share	8.13	9.65	12.26	3.14	3.15	7.90
Cash Interest Paid	-	-	-	-	339	439
Cash Income Tax Paid	514	447	316	301	265	223
Levered Free Cash Flow	-2,086	1,281	2,314	691.5	3,488	-2,255
Unlevered Free Cash Flow	-1,822	1,637	2,699	935.25	3,687	-2,003
Change in Working Capital	288	880	1,446	-636	-703	162

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.