Thule Group 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	1,114	1,122	1,099	1,275	1,790
Depreciation & Amortization	367	283	293	200	153
Loss (Gain) From Sale of Assets	-	2	6	2	1
Other Operating Activities	-218	134	-184	22	135
Change in Accounts Receivable	-119	112	-74	218	-142
Change in Inventory	157	492	801	-412	-1,370
Change in Other Net Operating Assets	-169	165	-91	-689	561
Operating Cash Flow	1,132	2,310	1,850	616	1,128
Operating Cash Flow Growth	-51.00%	24.87%	200.32%	-45.39%	-30.11%
Capital Expenditures	-348	-264	-251	-443	-505
Sale of Property, Plant & Equipment	-	1	-	1	3
Cash Acquisitions	13	-2,837	-	-20	-
Sale (Purchase) of Intangibles	-	-	-	-1	-2
Other Investing Activities	-	1	-	-1	1
Investing Cash Flow	-335	-3,099	-251	-464	-503
Long-Term Debt Issued	-	6,738	3	1,305	500
Long-Term Debt Repaid	-79	-4,641	-995	-78	-64
Net Debt Issued (Repaid)	-79	2,097	-992	1,227	436
Issuance of Common Stock	-	-	273	-	-
Common Dividends Paid	-895	-1,004	-967	-1,359	-1,621
Other Financing Activities	9	9	7	-4	-1
Financing Cash Flow	-965	1,102	-1,679	-136	-1,186
Foreign Exchange Rate Adjustments	-19	-2	-2	11	4
Net Cash Flow	-187	311	-82	27	-557
Free Cash Flow	784	2,046	1,599	173	623
Free Cash Flow Growth	-61.68%	27.96%	824.28%	-72.23%	-56.95%
Free Cash Flow Margin	7.52%	21.44%	17.51%	1.71%	6.00%
Free Cash Flow Per Share	7.27	19.32	15.19	1.65	5.90
Cash Interest Paid	-	-	-	64	32
Cash Income Tax Paid	415	188	509	410	402
Levered Free Cash Flow	958.75	1,587	1,328	-364.75	70.5
Unlevered Free Cash Flow	1,059	1,684	1,426	-312.25	94.88
Change in Working Capital	-131	769	636	-883	-951

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