AB Volvo 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	48,506	66,611	67,301	45,712	43,074
Depreciation & Amortization	23,486	22,548	21,227	20,729	18,720
Other Adjustments	2,202	4,021	14,706	7,090	-1,025
Change in Receivables	-2,289	4,009	209	-5,770	-2,062
Changes in Inventories	1,593	2,212	-7,434	-5,911	-12,287
Changes in Accounts Payable	2,563	-6,778	-4,722	8,031	13,174
Changes in Income Taxes Payable	-11,507	-18,439	-20,807	-11,614	-9,651
Changes in Other Operating Activities	-18,958	-27,741	-49,085	-25,023	-16,295
Operating Cash Flow	45,595	46,444	21,396	33,244	33,647
Operating Cash Flow Growth	-1.83%	117.07%	-35.64%	-1.20%	9.92%
Capital Expenditures	-18,344	-13,892	-13,120	-20,456	-18,117
Sale of Property, Plant & Equipment	670	481	693	5,558	5,837
Purchases of Intangible Assets	-7,786	-4,493	-5,278	-5,390	-3,722
Purchases of Investments	-2,137	-4,905	-1,558	-1,085	-7,384
Proceeds from Sale of Investments	-	16	323	157	-
Payments for Business Acquisitions	-798	-3,006	-77	-265	-789
Proceeds from Business Divestments	1,639	2,371	-2,268	153	22,773
Other Investing Activities	-722	-709	-280	-158	-87
Investing Cash Flow	-27,478	-24,137	-21,565	-21,486	-1,489
Long-Term Debt Issued	467,562	342,066	241,958	172,817	89,141
Long-Term Debt Repaid	-455,247	-327,245	-211,157	-138,836	-96,113
Net Long-Term Debt Issued (Repaid)	12,315	14,821	30,801	33,981	-6,972
Common Dividends Paid	-37,619	-36,602	-28,468	-26,435	-49,820
Other Financing Activities	-83	-90	-512	-63	-763
Financing Cash Flow	-25,387	-21,871	1,821	7,483	-57,555
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-4,541	1,410	-2,211	2,520	2,316
Net Cash Flow	-11,810	1,845	-560	21,761	-23,080
Free Cash Flow	27,251	32,552	8,276	12,788	15,530
Free Cash Flow Growth	-16.29%	293.33%	-35.28%	-17.66%	-4.80%
FCF Margin	5.69%	6.18%	1.50%	2.70%	4.17%
Free Cash Flow Per Share	13.40	16.01	4.07	6.29	7.64
Levered Free Cash Flow	25,604	23,120	6,685	32,459	1,359
Unlevered Free Cash Flow	15,558	9,652	-21,647	67.84	8,751

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.