Investor 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	157,494	113,338	127,045	-74,681	228,065
Depreciation & Amortization	-	3,161	3,113	2,840	2,213
Other Amortization	-	1,886	1,928	1,831	1,296
Asset Writedown & Restructuring Costs	-	70	879	1	553
Other Operating Activities	-135,330	-94,873	-111,999	86,619	-217,871
Operating Cash Flow	22,164	23,582	20,966	16,610	14,256
Operating Cash Flow Growth	-6.01%	12.48%	26.22%	16.51%	29.95%
Capital Expenditures	-3,177	-4,420	-3,721	-4,368	-3,799
Sale of Property, Plant & Equipment	1,629	4,349	48	373	68
Cash Acquisitions	-36,225	-10,815	-11,013	-6,752	-18,610
Divestitures	8,739	3,913	8,008	11,779	20,858
Investment in Securities	-2,359	-3,602	7,582	-8,344	-1,295
Other Investing Activities	-270	-487	-505	-146	6
Investing Cash Flow	-31,663	-11,062	399	-7,458	-2,772
Long-Term Debt Issued	39,274	21,389	13,291	13,273	6,172
Long-Term Debt Repaid	-14,647	-17,031	-14,996	-15,965	-8,940
Net Debt Issued (Repaid)	24,627	4,358	-1,705	-2,692	-2,768
Issuance of Common Stock	6	-	-	21	494
Repurchase of Common Stock	-198	-356	-226	-147	-149
Common Dividends Paid	-15,929	-14,704	-13,499	-12,286	-10,722
Other Financing Activities	-1,251	-3,864	-	-	-29
Financing Cash Flow	7,255	-14,566	-15,430	-15,104	-13,174
Foreign Exchange Rate Adjustments	-917	471	-304	787	350
Miscellaneous Cash Flow Adjustments	-1	1	-1	-	-
Net Cash Flow	-3,162	-1,574	5,630	-5,165	-1,340
Free Cash Flow	18,987	19,162	17,245	12,242	10,457
Free Cash Flow Growth	-0.91%	11.12%	40.87%	17.07%	27.77%
Free Cash Flow Margin	8.63%	10.84%	9.31%	-	3.94%
Free Cash Flow Per Share	6.20	6.25	5.63	4.00	3.41
Cash Interest Paid	-	3,881	3,497	3,030	2,400
Cash Income Tax Paid	1,972	1,824	1,414	1,111	1,440
Levered Free Cash Flow	96,291	78,539	79,705	-44,457	140,122
Unlevered Free Cash Flow	99,217	80,989	81,875	-42,901	141,435

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